The largest Ukrainian mobile operator, Kyivstar, saw a 14.1% decrease in revenue to UAH 7.1 billion in January-March due to the implementation of a large loyalty program following an unprecedented cyber attack at the end of 2023, the operator’s press service reported on Thursday. “The company’s total revenue in the first quarter of 2024 decreased … Read more
Foreign citizens have founded 2,652 companies in Ukraine since the outbreak of the full-scale Russian invasion in 2022, the Opendatabot business monitoring service said on May 16. Citizens from some 100 countries have continued to launch new businesses in the country even amid the physical danger and economic downturn caused by Moscow’s war. Businesspeople from … Read more
Ukraine’s economy remains resilient after two years of full-scale Russian invasion. Ukraine is likely to see real economic growth of 3% in 2024. This is reported by the UK Defense Ministry. “Despite attacks by Russia on Ukraine’s energy infrastructure,it is likely that Ukraine will see real economic growth of around 3 percent in 2024,” the … Read more
Tobacco manufacturer Philip Morris International has opened a new factory in Lviv region, investing $30 million in it. “The first line is already in operation, the second line is almost completed and will be launched in June… “In total, five lines will be installed, 10 billion cigarettes will be produced, which fully meet the needs … Read more
Ukrainian economic growth this year will slow to 2.9% after 5.3% in 2023, followed by acceleration to 5.9% next year, according to the European Economic Forecast. Spring 2024 report published on the European Commission’s website on Wednesday. “The war will continue to dampen sentiment and hinder productive capacities, including in the energy sector, where early … Read more
Port operators handled 9.91 million tons of cargo in the seaports of Ukraine in April, which is almost double the figure for the same period in 2023, reported the press service of the Ukrainian Sea Ports Authority. Grain constituted the largest amount of processed cargo at 6.3 million tons, compared to 3.9 million tons in April last … Read more
The EU Council has finally approved the extension until June 2024 of the tariff-free trade regime for Ukraine for an additional 12 months, mainly concerning agricultural products, reported Ukraine’s First Deputy Prime Minister and Minister of Economy, Yulia Svyrydenko. “This is an extremely important aspect of political support for Ukraine, despite the sensitivity of the … Read more
The European Union has finally approved the Ukraine Plan, necessary for the implementation of the Ukraine Facility program in the amount of EUR 50 billion, Prime Minister of Ukraine Denys Shmyhal reports. “The approval of the Plan allows us to fully launch the Ukraine Facility – our state will receive EUR 1.89 billion in preliminary … Read more
Losses caused by the Polish blockade of the Ukrainian border amounted to $500 million in lost imports and $160 million in exports in its first month, the National Bank of Ukraine said on May 14. Polish farmers and truckers held protests at the border due to fear of uneven competition with their Ukrainian counterparts, first … Read more
Nova Post has expanded its international delivery network by entering the UK market, according to the press release. This is the 13th European country where Ukrainians can use the company’s services. In London, Nova Post opened two branches at once: mail (up to 30 kg) and cargo (up to 1,000 kg). The cost of delivery … Read more