The All-Ukrainian Advertising Coalition (VRK) has revised its 2023 forecast for the Ukrainian advertising market, now expecting a 64% annual growth, the association said in a message on its website on Sept. 5. The impressive growth expectations are now double the original 32% figure, largely fueled by digital advertising, according to the updated forecast. The … Read more
International soft drink giant PepsiCo and chocolate company Mars have been added to Ukraine’s list of international sponsors of war, the National Agency for the Prevention of Corruption (NACP) announced in a press release on Sept. 1. Both companies continue to work in the Russian Federation and continue to pay taxes to the Russian state … Read more
The sugar industry of Ukraine in the 2023 season sets a record for expanding production areas to 249,900 hectares under sugar beet, with an expected production volume of 1.7 million tonnes, a potential export of 600,000 tonnes and favorable prices on the product on world markets, Acting Head of the Board of the Ukrtsukor National … Read more
Work.ua has terminated its partnership with another 200 companies that continue to work in the Russian market, the portal announced on Aug. 31. The company had already ceased working with several companies due to their ties with Russia. Several well-known brands were included on Work.ua second sanctions list as they ‘continue to support the military … Read more
The gas transmission system (GTS) and underground gas storages (UGS) of Ukraine are ready to operate under conditions of zero transit, the Ministry of Energy announced, citing a stress test initiated by it. The modeling of the work was carried out by a working group composed of and with the assistance of the USAID Energy … Read more
The Ministry for Communities and Territories Development and Infrastructure (the Ministry of Restoration) has signed a protocol with the Norwegian Ministry of Transport on a “transport visa-free regime,” which will allow cargo transportation without permits. “Previously, Ukrainian cargo carriers, regardless of the environmental class of vehicles, could travel to Norway only with a permit. Now, … Read more
The National Bank of Ukraine (NBU) will allow banks to sell non-cash foreign currency without verification of grounds or contractual obligations for such operations, starting from Aug. 29. As reported by NBU’s press service, the bank is easing currency restrictions and minimizing exchange rate disparities. Starting from Aug. 29, banks will be able to sell … Read more
JSC UkrGasVydobuvannya, which belongs to the Naftogaz Group, has discovered a new gas field, the reserves of which can reach a billion cubic meters of blue fuel. Sydorov reports, citing the Integrated Communications Department of Naftogaz of Ukraine. Naftogaz plans to achieve a significant increase in production in wartime conditions. This will happen primarily due … Read more
Ukraine ranks 28th in the world in terms of wine production as of 2022, the CASE Ukraine Center for Socio-Economic Research reported. “As of 2022, we produced 660,000 hectoliters, or 0.26% of the global wine market,” experts state. According to the report, the first place belongs to Italy with 49.843 million hectoliters, which is 19.3% … Read more
Ukraine and Poland have signed an agreement aimed at developing passenger and freight train services between the two nations, Yevhen Liashchenko, the head of Ukraine’s national railway operator Ukrzaliznytsia, has said in a press release issued by the Ukrainian rail operator on Aug. 28. Liashchenko said the agreement marks a significant milestone, representing the most … Read more