The Cabinet of Ministers approved the concept of a state targeted scientific and technical program for the use of artificial intelligence (AI) technologies in priority sectors of the economy for the period until 2026. The corresponding order (No. 320-r dated April 13, 2024) was published on the government portal. The Cabinet of Ministers identified the … Read more
The negative balance of Ukraine’s foreign trade in goods in January-February 2024 decreased by 12.5% compared to the same period in 2023 – to $3.227 billion from $3.689 billion, the State Statistics Service reported on Monday. According to its data, exports of goods from Ukraine for the specified period compared to January-February 2023 increased by … Read more
The Cabinet of Ministers recognized as invalid Resolution No. 775 on export ISO (imposed special obligations) on the electricity market. The government made this decision at a meeting on Saturday. The special obligation on the export of electricity required exporters to give 80% of their income to the state-owned enterprise Guaranteed Buyer, which actually directs … Read more
The auction commission has set the starting price for the privatization of the state-owned share (66.65%) in the charter capital of Investment Union Lybid LLC, which owns the Ocean Plaza shopping center, at UAH 1.65 billion, the press service of the State Property Fund reported. According to the report, the starting price and terms of … Read more
Ukrainian u.ventures with its head office in Kyiv became an investor in the Ukrainian startup Competera which develops an intelligent price optimization platform for retailers. u.ventures is the latest investor in the company during its seed+ round. It is a capital fund established by WNISEF dedicated to supporting early-stage Ukrainian and Moldovan technology startups that … Read more
Nova Group has set up a company that will generate energy on a regular basis, including both solar and gas power, the group’s co-owner Volodymyr Popereshniuk announced on Facebook. The newly-created Nova Energy is the seventh company to join Nova Group, which owns Nova Poshta, Ukraine’s leading postal service. “When the Russians started to attack … Read more
In February 2024, the volume of IT export from Ukraine amounted to $518 million, according to the report of the National Bank of Ukraine. The number is the second lowest in two years. This is $29 million less than in February 2023 ($547 million) and $321 million less than February 2022 ($839 million). The number … Read more
The Swiss Federal Council has approved a financing plan for Ukraine’s recovery until 2036 worth 5 billion Swiss francs ($5.5 billion), as was reported on the government website. The first 1.5 billion francs ($1.64 billion) will be received by Ukraine by 2028. “This amount clearly demonstrates Switzerland’s solidarity with the people affected by the war … Read more
Consumer price growth in Ukraine accelerated to 0.5% in March 2024, compared to 0.3% in February and 0.4% in January, according to the April 9 State Statistics Service (Ukrstat) report. However, y-o-y inflation rate has slowed down to 3.2%. The statistics body recalled that in March 2023 it was higher – 1.5%, therefore, in annual … Read more
JSC Ukrzaliznytsia operated with a profit in January-March 2024, chairman of the board Yevhen Liaschenko said at a meeting with journalists, but did not specify its specific size. According to the presentation made at the meeting, in 2023 the net profit of Ukrzaliznytsia amounted to UAH 5 billion. Among the key factors that had a … Read more