The Ukrainian economy is now expected to grow by 0.5% in 2023, and by 3.5% in 2024, according to a revised economic outlook forecast published by the World Bank on April 6. Back in January, the World Bank predicted Ukraine’s GDP growth by 3.3% in 2023, and by 4.1% in 2024. Furthermore, the organization notes … Read more
Despite the crisis in the Ukrainian IT industry, its companies are currently showing increased activity in the job market, according to Opendatabot’s report on April 6, which cites Djinni, a popular Ukrainian job search platform specializing in IT and tech jobs. In March, companies posted 15,000 job vacancies, which is 1,500 more than in February, although less … Read more
PJSC Ukrnafta, Ukraine’s oil and natural gas extracting company, plans to drill at least three new wells in 2023 and drill side shafts in three more wells. The company’s director, Serhii Koretskyi, announced this, the press service reports. “This is the basic drilling plan – the minimum we set for ourselves. There will be shallow … Read more
The negative scenario of a 10% decrease in Ukraine’s GDP in 2023 and a 2% decrease in 2024 set out in the Extended Fund Facility (EFF) program confirms the IMF’s readiness to support the country no matter what, National Bank of Ukraine Governor Andriy Pyshnyi told Interfax-Ukraine on April 5. “The program has been approved, even if … Read more
The National Bank of Ukraine’s (NBU) international reserves exceeded $32 billion after receiving the first IMF loan tranche worth $2.7 billion, NBU First Deputy Governor Kateryna Rozhkova said on national television on April 3. “Ukraine has already received the first tranche of $2.7 billion under the new (IMF) program for. Given these funds, the amount of assistance received … Read more
Ukraine may soon see 40 new demining companies, a crucial development after as much as 30% of Ukrainian territory – 174,000 square kilometers — could be covered in landmines, it was revealed at the European Business Association (EBA)’s Security and Business Protection Committee meeting. The EBA committee meeting focused on agricultural business and demining agricultural … Read more
Germany is considering the possibility of joint implementation of hydrogen production and transportation projects with Ukraine. The Minister of Energy of Ukraine, Herman Halushchenko, discussed this with the state secretary for financial market policy and European policy of Germany, Jörg Kukis, during a meeting, the press service of the Ministry of Energy reports. “There is a … Read more
The Executive Board of the International Monetary Fund (IMF) has approved a four-year $15.6 billion financing program for Ukraine, which will allow Kyiv to meet its urgent financing needs amid Russia’s full-scale invasion, Reuters reported on March 31. Ukrainian PM Denys Shmyhal said that the country will receive the first tranche of more than $2.7 … Read more
Ukrainian airspace, which was closed on Feb. 24, 2022, will not return to “normal” routing until at least 2029, the European Organisation for the Safety of Air Navigation, or Eurocontrol, said in its forecast update for 2023-2029 as of March 31. Restrictions on the airspaces of Russia, Belarus and Moldova remain in place for 2023-2029, as well. … Read more
Google Corporation, as part of the Startup Support Fund in Ukraine, doubled funding for Ukrainian companies in 2022 by providing $10 million, Head of Google for Startups, CEE Michał Kramarz said at the Tech Emerging Europe Advocates – Meeting 2023 in Warsaw. He said that Ukrainian startups supported by the fund received $10 million in … Read more