On April 18, the Kyiv Court of Appeal canceled the arrest imposed on 100% of the charter capital of the Ukrtower company, owned by Turkcell, the press service of Datagroup-Volia told Interfax-Ukraine. “On the appeals filed by Turkcell regarding the seizure of assets, two court hearings were held. At the first, on April 16, the … Read more
Ukrenergo can apply limitation schedules for industrial consumers in the context of a shortage in the energy system during the repair campaign at power plants in the spring and summer of this year, said the head of the company, Volodymyr Kudrytsky. According to him, the Ukrainian energy system, after significant destruction of generation as a … Read more
Munich-based unmanned aerial vehicle developer and manufacturer Quantum-Systems has announced the launch of the second production facility in Ukraine. Over the next two years, the manufacturer will invest €6 million in the plant. Quantum-Systems have been in use in Ukraine since May 2022. So far, 212 systems have been made available through the German Enablement … Read more
Denmark has allocated 200 million kroner ($28.5 million) to purchase weapons and military equipment for the Ukrainian Armed Forces from Ukrainian manufacturers as part of a new military aid package, Ukraine’s Ministry of Strategic Industries announced. “This is the first and so far unprecedented decision to purchase military products from Ukrainian manufacturers at the expense … Read more
President Volodymyr Zelenskyy does not rule out that after strikes on thermal power generation, Russia will start striking at the infrastructure of nuclear plants, he said during a speech at a special meeting of the European Council on Wednesday. “Russia has already destroyed almost all of our thermal power generation. Dams and equipment of hydroelectric power … Read more
The Ministry of Agrarian Policy and Food forecasts gross production of grains and oilseeds in 2024 at 74 million tonnes, of which about 52.4 million tonnes of grains and 21.7 million tonnes of oilseeds. As noted on the department’s website, at the beginning of last year, the total gross harvest of grains and oilseeds for … Read more
The Ukrainian military radio manufacturer Himera Radios has entered the global market, as announced in a Facebook post. Reticulate Micro, an American defense technology company, has become its partner and they have signed a distribution agreement in the US. According to the agreement, Reticulate will become a supplier of Himera’s communications systems in the US … Read more
The first Epiland amusement park will appear in Kyiv this summer marking the first step in Epicenter shopping mall owners’ ambitions to set up their own amusement parks chain, the press service of Epicenter reported. Epicentr K hypermarket chain managed by Ukrainian MP Oleksandr Hereha and his wife Halyna aims to provide its visitors with a completely new leisure … Read more
The Parliamentary Assembly of the Council of Europe (PACE) on April 16 backed a resolution calling for the transfer of $300 billion in frozen Russian state assets to Ukraine, according to a member of the Ukrainian delegation to PACE, MP Yevheniya Kravchuk. The adopted document calls for: Kravchuk said that it was also possible to … Read more
The International Monetary Fund (IMF) predicts that Ukraine’s gross domestic product (GDP) will grow by 3.2% in 2024 and by up to 6.5% in 2025 even as the country continues to grapple with the full-scale invasion. Around the same time last year, the IMF initially estimated a 3% decline in Ukraine’s GDP in 2023 before … Read more