Ukraine’s PM: Damage caused by war already exceeds Ukraine’s GDP by 1.6 times

The damage caused to Ukraine by the russian war has already exceeded the GDP of our country by 1.6 times. Prime Minister Denys Shmyhal said this at a conference call with the RMA heads. “The situation with losses is recorded as of June. According to this report, the need for funds is 349 billion dollars, … Read more

First investments: World Bank allocates funds for Ukrainian economy development

The International Finance Corporation (IFC) allocated 30 million dollars for investments in Ukraine and Moldova. This was reported by the press service of Ukraine’s Ministry of Economy. IFC is part of the structure of the World Bank. The ministry noted that the funds would be directed through a trust fund with 200 million dollars. It … Read more

Ukraine among top three countries in terms of virtual assets’ use

Ukraine has entered the top three countries in terms of virtual assets’ use. Deputy Prime Minister – Minister of Digital Transformation Mykhailo Fedorov said this in a Telegram post. According to Fedorov, these are the finding of a latest study published today by the blockchain analysis firm Chainalysis. The team of the Digital Transformation Ministry works a … Read more

Ukraine’s businesses launch an official marketplace to promote Ukrainian goods abroad

EVO, a Ukrainian product IT company, launched Made with bravery – an official electronic marketplace of products made in Ukraine, – with the support of payments global leader Visa, communications agency Banda, and informational assistance from the Ministry of Digital Transformation of Ukraine and the Ministry of Foreign Affairs of Ukraine.  Its goal is to … Read more

Ministry of Infrastructure considers Lviv airport as first to resume work in presence of security guarantees

Technically, it will take up to two weeks for airports to reopen in Ukraine, but in practice this can be done only with guaranteed security, Infrastructure Minister Oleksandr Kubrakov has said. “We consider the Lviv airport as the first airport. I hope that, as it was with the Black Sea Grain Initiative, when we receive … Read more

Intl reserves enough to fix hryvnia exchange rate at current level – NBU

A one-time correction of the hryvnia official exchange rate and additional measures taken by the NBU to ease the depreciation pressure helped reduce imbalances on the FX market and, coupled with large amounts of international financial assistance, this allowed increasing international reserves, the central bank has said. “Ukraine’s international reserves are sufficient to keep the … Read more