In April 2024, Ukraine exported over 13 million tons of products, surpassing the figures of February 2022. In monetary terms, last month’s exports reached $3.3 billion, the Ministry of Economy of Ukraine reported. The growth was driven by the opening of an alternative sea corridor, as well as a ship insurance programs and the expansion … Read more
FDI McDonald’s Ukraine Ltd., which develops the fast-food restaurant chain McDonald’s in Ukraine, plans to develop partnership programs with filling station networks, McDonald’s Ukraine Development Director Vitaliy Stefurak said in an interview with Interfax-Ukraine. As reported, in the summer of 2023, McDonald’s opened its first establishment at a highway, near Zhytomyr, on the M-06 Kyiv-Chop, … Read more
During the first quarter, Ukrainians opened a record number of new sole proprietorships. According to the Unified State Register, from January to March 2024, 74,050 individual entrepreneurs appeared in Ukraine, the Opendatabot platform reported. This is 33.6% more than the same period last year and 18% more than before the start of the full-scale invasion in … Read more
In April 2024, more than 5,700 new cars were registered in Ukraine. This is 11% more than last year. However, compared to March, consumer activity in the car market fell by 14%, reports Ukrautoprom. The most popular passenger car model in Ukraine remains the Renault Duster crossover (484 units sold), and the Toyota brand as … Read more
The government has taken another step towards launching insurance for Ukrainian enterprises against military risks by making corresponding amendments to the charter of the Export Credit Agency (ECA). “Changes have been made to the charter of the Export Credit Agency. This is the second of two subordinate government regulations without which this mechanism will not … Read more
The mining and metallurgical group Metinvest has announced a tender to buy back part of its Senior Notes due in 2025 and 2026 for up to $70 million. As stated in an exchange report of the holding company Metinvest B.V., the Senior Notes maturing in 2025 will be repurchased at 85-92% of par value, depending … Read more
Nova Poshta has opened its first Nova Post office in Spain, in Barcelona, and plans to expand its network to Valencia, Alicante, Murcia, Malaga, Estepona, and Madrid in the near future, the group’s press service announced on Tuesday. “The opening of the first office in Spain is just the beginning. We aim to be as … Read more
Ukrainian Exchange (UX, Kyiv) appealed to the board of directors of Freedom Holding Corp., the owner of 70% of whose shares, Timur Turlov, is included in the Ukrainian sanctions lists, with a request to urgently consider the possibility of donating the 24.2651% stake in UX owned by Freedom Holding to the state of Ukraine and … Read more
The National Bank of Ukraine (NBU) canceled Elaens Financial Company LLC (TM Fondy) registration as an indirect participant in the Visa and MasterCard international payment systems, NBU message wrote on its site. The decision was made in connection with the financial company’s risky activities threating Ukraine’s national security after NBU received information about FC Elaens activities … Read more
Ministry of Reconstruction of Ukraine and European Commission will be able to officially start negotiations on extension of Agreement on Liberalization of Freight Transport between Ukraine and EU, the ministry reported on April 29. The European Commission proposes to extend the “transport visa-free regime” for at least a year, with the possibility of extending it for … Read more