The Ukrainian-made Sapsan long-range missile system is 70% complete but its finalization requires approximately $500 million, Ihor Krol, the head of the Western Ukrainian Association of Defense and Industrial Complex Enterprises, said on on June 18. Ukraine decided to develop the Sapsan system, inheriting the Borysfen project from the 1990s, back in 2006. The system, … Read more
Even as the war rages on, Ukraine has a range of promising projects to present to investors, Oleksandr Kubrakov, Ukraine’s Vice Prime Minister for Recovery and Minister of Communities, Territories and Infrastructure Development of Ukraine, has said. Kubrakov announced on his Facebook page on June 17 that he was presenting projects at the G7 Transport … Read more
Luxembourg-based ABH Holdings S.A. (“ABHH”), co-owned by Russian oligarch Mikhail Fridman, will seek to protect its investments via legal action if JSC Sense Bank (owned by ABHH) is nationalized, according to an official press release dated June 16. ABHH will seek protection under the BLEU (Belgium-Luxembourg)-Ukraine Bilateral Investment Treaty. This treaty permits an appeal to … Read more
The National Bank of Ukraine (NBU) has decided to keep the key policy rate unchanged at 25%, as market participants expected, the NBU reported on its website on Thursday. “In order to maintain exchange rate sustainability, with a view to ensuring a steady decline in inflation and creating the right conditions for a gradual easing … Read more
The National Bank of Ukraine (NBU) has eased currency restrictions by allowing the transfer of funds abroad for the repayment of certain foreign loan categories, the central bank reported on June 15. “The NBU made the relevant decisions to ease FX restrictions in view of the stable situation on the FX market, the sufficiently high … Read more
The State Service of Geology and Mineral Resources of Ukraine invites German businesses to invest in developing Ukrainian subsoil, which will help create stable supply chains of critical raw materials to the EU. The State Geology and Subsoil Service reported this based on the results of a round table organized by the German Mineral Resources … Read more
One-third of Ukrainians make far less income due to the full-scale war, while 9% lost their jobs and are still looking for a new one, and 5% don’t work and aren’t looking, Rakuten Viber released the results of its in-app poll of over 70,000 Ukrainian users. 40% of working Ukrainians have seen a drop of … Read more
The authorities of the United Arab Emirates have offered aid to Ukraine in forming a sovereign fund, and they will be engaging experts to do so. The press service of the President’s Office reported this following the meeting of the head of the presidential office Andriy Yermak with the delegation of the UAE. To create … Read more
According to Ukraine’s Minister of Agrarian Policy and Food Mykola Solskyi estimates, farmers will not be able to fully use 1-1.5 million hectares of agricultural land due to the destruction of the Kakhovkay Hydroelectric Power Plant (HPP). The minister said this on the air of the national telethon, the press service of the ministry reports. … Read more
Coca-Cola’s official bottler in Ukraine, Coca-Cola Beverages Ukraine, is on track to reach pre-war production and distribution volumes in 2023, Volodymyr Choban, Director of Logistics at Coca-Cola HBS, said on June 9, news agency Interfax-Ukraine reports. “In 2021, it was 120 million unit cases (of all products, including imported ones),” he said. “In 2023, we … Read more