United to win: South Korea and Poland sign memorandum on Ukraine’s reconstruction

Poland and South Korea agreed to participate in Ukraine’s recovery and signed a memorandum on cooperation in post-war reconstruction, the Chosun Ilbo reports. President Yoon Suk Yeol, who visited Warsaw on an official visit, held a high-level meeting with Polish President Andrzej Duda. The two countries’ leaders signed a memorandum of understanding and cooperation in … Read more

Rheinmetall arms manufacturer to open tank plant in Ukraine within three months

The German defense company Rheinmetall will deploy production facilities to produce armored vehicles in Ukraine within the next 12 weeks. The company’s CEO, Armin Papperger, said this in an interview with CNN. In addition to deploying the enterprise, the company will train Ukrainian specialists to service tanks and other armored vehicles manufactured at the plant. … Read more

Czechia and Ukraine to bolster defense cooperation

Ukraine and the Czech Republic will significantly strengthen the cooperation of their military-industrial complexes, said President Volodymyr Zelensky on Friday. During a joint press conference with Prime Minister of the Czech Republic Petr Fiala in Prague, he said that Ukraine and Chechia discussed arms supplies and the new production, Ukrinform reports. “We talked about specific … Read more

Ukrainian tech salaries compared to those in Poland and the US

How much do programmers, product managers, and web architects in Ukraine earn on average compared to those in Poland, Germany, and the United States? NV Business publishes the average salaries of tech professionals in those countries according to data from the consulting company Korn Ferry. The Polish market is the most similar to the Ukrainian … Read more

Ukraine applies to join CPTPP trade pact

The Ukrainian government has officially requested to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), officials from Japan and New Zealand confirmed to Reuters on July 7. On July 5, the New Zealand government – the legal depositary for CPTPP – announced that it had received Ukraine’s application for the free trade agreement. … Read more

Ukraine’s FX reserves hit record high thanks to international support, says central bank

Ukraine’s foreign currency reserves have reached almost $39 billion, a record high for the country, Andriy Pyshnyy, the governor of the National Bank of Ukraine, Ukraine’s central bank, said in a post on Facebook on July 6. “This is an incredible result for the country in the context of a full-scale war,” Pyshnyy wrote. “This … Read more

Two years of Ukraine’s land market being open

In Ukraine, during the two years of the land market’s existence, from July 1, 2021, to July 1, 2023, 1% of agricultural land has been sold off, Deputy Minister of Agrarian Policy Denys Bashlyk announced on July 4, as reported by news agency Ukrinform. “The amount of land [previously] under the moratorium was 27.5 million … Read more