The Turkish company Baykar plans to invest $100 million in three projects in Ukraine. Baykar CEO Haluk Bayraktar announced this on Friday at the International Defense Industries Forum in Kyiv, Ukrinform reports. Türkiye joined the drone development and production in Ukraine. Baykar, the manufacturer of Bayraktar TB2 attack drones, plans to invest $100 million in … Read more
The German Federal Cartel Office has authorized the creation of a joint venture between the German concern Rheinmetall and Ukrainian defence industry, Rheinmetall reported on its website on Thursday. “Launched in May 2023, strategic cooperation between Rheinmetall and Ukraine’s state-owned Ukrainian Defence Industry group (UDI), the former Ukroboronprom, has taken another step forward. On 28 … Read more
JSC Ukrposhta in January-June 2023 increased its net loss by 27.0% compared to the same period last year, to UAH 653.7 million. According to the state-owned company’s report in the information disclosure system of the National Securities and Stock Market Commission, its net income grew by 20.0%, to UAH 5.58 billion. In the first half … Read more
Turkish developer Bosphorus Development continues to invest in its first project in Ukraine – the construction of the Maxima Residence residential complex in Kyiv (3 Konovaltsa Street), said founder and chairman of the supervisory board of Bosphorus Development Mehmet V. Sacaklioglu in an interview with Interfax-Ukraine. “We began work on the capital’s Maxima Residence housing … Read more
The State Agency for Tourism Development of Ukraine (SATD) and U.S. Airbnb will cooperate to popularize Ukraine in the world as a tourist attractive destination. The press service of the agency told Interfax-Ukraine that the corresponding Memorandum was signed on September 25, 2023 during a meeting of Head of the SATD Mariana Oleskiw and co-founder … Read more
Among the priority measures to reform the Bureau of Economic Security (BES) is the reformatting of the composition of the competition commission by appointing the director of the BES. This follows from bill No. 10088 “On priority steps to reform the Bureau of Economic Security of Ukraine” published on the website of the Verkhovna Rada. … Read more
The reduction in the key policy rate of the National Bank of Ukraine (NBU) in September from 22% to 20% per annum was supported by nine members of the monetary policy committee, two spoke in favor of a more significant reduction – to 19%, the regulator reported on the results of committee discussions on September … Read more
Nestlé in Ukraine this year has reduced the rate of decline in production volumes to 5% from 15% last year, and intends to return to growth in 2024, CEO of Nestlé in Ukraine and South-Eastern Europe Alessandro Zanelli told Interfax-Ukraine on the sidelines of the European Business Association (EBA) conference. According to him, the decline is explained by … Read more
For the first time in its history, Ukraine is set to go through the upcoming winter season using domestically produced natural gas, Oleksiy Chernyshov, CEO of Ukraine’s state-owned oil and gas enterprise Naftogaz, told Ukrainian TV broadcasters on Sept. 25. “We are increasing our own gas production, and those numbers are on the rise,” said … Read more
International logistics operator Treeden Group has launched the first stage of a cargo railway terminal in the Polish village of Wola Baranowska, located almost 200 km deep in Poland with access roads and broad gauge from Ukraine, Director of UAB Friendly Avia Support Oleksandr Lanetsky has said. “This allows us to connect the Ukrainian railway … Read more