Britain is prepared to give Ukraine all the frozen assets of the Russian central bank that are being held in the country, on the condition that Russia will be forced to pay reparations to Ukraine after the end of the war, British Foreign Minister David Cameron said. “There is an opportunity to use something like … Read more
Ukraine’s international reserves in February, according to preliminary estimates from the National Bank of Ukraine (NBU), decreased by 3.8%, or $1.47 billion, to $37.052 billion. “This dynamics is due to the NBU’s foreign exchange interventions to maintain exchange rate stability and the country’s debt payments in foreign currency, which were partially offset by receipts from … Read more
According to Prime Minister Denys Shmyhal, “We are cooperating very fruitfully with the leaders of the world’s arms production. We can already talk about five signed contracts and five joint ventures in Ukraine cooperating with Western arms manufacturers. There will be dozens of enterprises this year.” As the Prime Minister clarified, Ukraine creates some enterprises … Read more
Ukrgazvydobuvannya from the Naftogaz Group launched a new gas well with a throughput of 400,000 cubic meters per day, reported the press service of the state oil and gas company. This is the fourth high-throughput well launched in 2024, and one of the most productive, Naftogaz said. The idea of launching this well belongs to the development … Read more
The National Bank of Ukraine (NBU) stated a low level of national currency banknotes counterfeiting based on monitoring of hryvnia banknotes withdrawn from circulation: by the end of 2023, by 1 million pieces. Approximately 2.1 banknotes were counterfeited per 1 million authentic banknotes, while in 2022 they were 2.2 banknotes According to the regulator’s information … Read more
Prime Minister of Ukraine Denys Shmyhal says that the Ukrainian market is ready to produce more than 1 million drones, and the state will buy back everything that business can do. “We understand that our business and the market in Ukraine are already ready to produce more than 1 million drones. We will buy back … Read more
Since its inspection in April 2023, the BRAVE1 Defense Technology Cluster has allocated $3,045,000 for developers creating defense innovations. The cluster has distributed a total of 173 grants, according to Mykhailo Fedorov, Minister of Digital Transformation. TOP-8 directions for grants: BRAVE1 was launched in April 2023 with the goal to accelerate the development of technologies … Read more
An agreement has been signed with U.S. tech company Palantir to employ artificial intelligence in Ukraine’s humanitarian demining efforts, the Economy Ministry reported on March 3. Over 270 Ukrainians, including 14 children, have been killed by mines and other explosives since the start of the full-scale invasion. “Demining is the zero stage of Ukraine’s recovery. … Read more
Ukrainian airport infrastructure is ready to support reopening the country’s airspace. Still, this requires confirmation from the Ukrainian military that it can ensure safety for a single airport, and along the relevant air routes, said Bohdan Dolintse, a member of the Public Council under the State Aviation Service. According to him, when talking about reopening … Read more
According to Deputy Minister of Economy Oleksiy Sobolev, the management concept for strategic state enterprises that are not subject to privatization is planned to be established during 2024, and the list of such companies will be determined after the approval of the Property Policy and the privatization strategy. This may amount to 100-115 companies. According … Read more