Primary registrations of new buses (including minibuses) in Ukraine in May 2024 plunged by 66.7%, or by 99 buses compared to May of the previous year, totaling 48 buses, according to statistics published by the Ukrautoprom association. According to the data on the association’s website, compared to April 2024, the demand for new buses fell … Read more
Double Tap Investments, a Finnish-Ukrainian investment company, has decided to shift its investment focus towards Ukrainian defense technology startups. Double Tap starts operations in Finland on June 7. The start will be at the DEFINE ecosystem event. The fund explained that the decision based on Ukraine’s rapid development in defense innovation. Ukrainian startups are developing … Read more
The Ukrainian government is currently not discussing the issue of raising taxes, Prime Minister Denys Shmyhal said at the Hour of Government in the Verkhovna Rada on Friday, when ex-speaker of parliament Dmytro Razumkov reminded him of the promise not to raise taxes after they are restored until pre-war level. “We have not started and … Read more
The international monetary reserves of the National Bank of Ukraine (NBU) declined by 7.9% in May, resulting in a total of around $39 billion at the beginning of June, the NBU said on June 6. The NBU’s international reserves have fluctuated significantly since the beginning of Russia’s full-scale war, dropping as low as $22 billion … Read more
The investment fund called Angels for Ukraine has been launched aiming to Ukrainian startups in the early stages of their development: pre-seed and seed. This was announced by the co-founder of the initiative Olena Kleiner. The fund is also chaired by Rui Falcao, co-founder of COREangels, a global community of angel investors, startup mentors, entrepreneurs … Read more
Russia’s systematic destruction of Ukraine’s energy system means that by winter, Ukrainians may be without electricity for the “vast majority” of the day, the Financial Times (FT) reported on June 5, citing Ukrainian officials who spoke on the condition of anonymity. The damage is so extensive that Ukrainians should be preparing for “life in the … Read more
Odesa-based IT company Digis has announced a merger with the outsourcing firm Scalamandra under the name Digis Group, according to Forbes. The deal is estimated between $500,000 and $1 million. This decision was driven by personal investments made by the Digis founder Mykyta Nagatkin in the company in 2023. The main goal of the partnership … Read more
Canadian manufacturer of armored vehicles Roshel is planning to build a defense factory in Ukraine. According to ePravda, “tens of millions of dollars” will be invested in it. The factory will be focused on the Ukrainian and European markets. The decision to open a new enterprise has already been made, said the general director of … Read more
Customers’ net demand for foreign currency through non-cash transactions increased by 41% in May due to an increase in budget expenditures, which is associated with receipts of international assistance in March-April, the National Bank of Ukraine (NBU) said in a commentary to Interfax-Ukraine on Wednesday. “In addition, during the last week of May there were … Read more
Biosphere Corporation, one of the largest in Ukraine in the household goods market, sold its capacity for production of baby diapers (the Bambik brand), predicting a decline in the birth rate in Ukraine, its CEO Andriy Zdesenko said at Business Breakfast by Forbes Ukraine. “We sold the production line because we see how our audience … Read more