The first Ukrainian fund Ruta.vc, which will invest in the sport tech sector, was launched in Ukraine. The fund will focus on software and hardware projects at the pre-seed and seed stages. The future check amounts are yet undisclosed. The fund’s team includes two people: Dmytro Bondarenko, the general partner of Ruta.vc, who is also … Read more
The Administration of Ukrainian Sea Ports is working on expanding and restoring the pre-war cargo nomenclature. In particular, it has accepted and dispatched 10 container ships from the ports of Greater Odessa, announced Yuriy Lytvyn, the head of the Ukrainian Sea Ports Authority (USPA). “From the dynamics that we see and feel now, 2024 will … Read more
PJSC Ukrnafta has launched another high-output well in Western Ukraine, the company’s press service reported on Tuesday. According to the company, the result more than doubled the forecast: the well’s output is 54 tonnes per day compared to the expected 22.6 tonnes. The project was planned as an exploratory well aimed at uncovering reservoirs in … Read more
The National Bank of Ukraine (NBU) cancelled the licenses of Amina-Leasing Gruaa LLC and Private Conversation LLC due to failure to comply with its decision. As reported on the regulator’s website, enforcement measures were taken due to failure to submit reports to the NBU for the fourth quarter of 2023 and for 2023. In this … Read more
BRAVE1, a Ukrainian defense technology development cluster, has launched the Precision hackathon. Its goal is to find solutions that will allow the military to carry out operations with increased precision, efficiency, and minimal losses. Registration started on May 27 and will continue until June 8, via the registration form. Ukrainian and foreign developers, engineers, military, … Read more
N-iX, a Ukrainian software development and IT outsourcing company, has informed about the expansion of its operations to the Romanian market. The company has opened an office in Bucharest to strengthen its presence in Europe and establish closer cooperation with local IT specialists. N-iX is a Ukrainian IT company founded in Lviv in 2002. Currently, it … Read more
Lending to clients of the Allo marketplace during online and offline shopping at the end of May exceeded the 2021 figures in hryvnia, and for some categories of goods the share of lending even increased, the company’s press service said. It is noted that if we compare the categories of goods purchased on credit in … Read more
Ukraine is making strides in digital communication by conducting its first 5G test calls, despite the ongoing war, Ukrainian Digital Transformation Minister Mykhailo Fedorov announced via Telegram on May 27. As the European Union targets full 5G coverage for all cities and major roads by 2025, Ukraine has joined nearly 100 other countries in testing … Read more
Following Russian attacks in the spring of 2024, no thermal power plant in Ukraine’s energy system remains undamaged or completely intact, according to Yuriy Boyko, an advisor to the Prime Minister, former acting Minister of Energy, and member of the supervisory board of Ukrenergo, in an interview with Apostrophe. “Traditionally, thermal power plants generate about … Read more
State-owned enterprise Ukrzaliznytsia, with funding from the European Bank for Reconstruction and Development (EBRD) and the World Bank’s RELINC project, plans to acquire up to 80 modern powerful electric locomotives. As the company’s press service announced on Friday, the corresponding tender has been published on the EBRD portal. Applications are accepted until July 22, 2024. … Read more