Ukraine and Hungary have agreed to open the Velyka Palad-Nagyhódos checkpoint for passenger transport, the press service of the Ministry of Development of Communities, Territories and Infrastructure (Ministry of Reconstruction) said on Monday. In addition, the countries agreed on the possibility of movement of empty trucks weighing more than 7.5 tonnes at the Luzhanka-Beregsurány border … Read more
Ukraine-founded recruitment startup JobCannon officially announces its acquisition of Ukrainian startup Adsme. JobCannon uses AI to simplify job searches and talent acquisition, connecting job seekers with their dream roles and helping employers find their ideal candidates. Adsme’s technology allows for real-time forecasting of over 20 million results in visual and textual advertising on Meta Ads (Facebook, Instagram) and … Read more
The Cabinet of Ministers has resumed the program of partial compensation for the purchase of Ukrainian-made agricultural machinery, for which UAH 1 billion is included in the 2024 state budget, said First Deputy Prime Minister – Minister of Economy Yulia Svyrydenko. “During the presentation of the Made in Ukraine policy in Chernihiv region, chaired by … Read more
French billionaire Xavier Niel’s investment company NJJ Capital is planning to acquire and merge two telecom businesses in Ukraine in what is set to be one of the largest acquisitions in the country’s history, bringing with it significant investment at a time when the war-torn country is struggling to attract foreign investors. In a joint … Read more
Ukrainian-founded tour operator Eurotrips today raised €260,000 in an investment from UK travel holding company Day 8. Apart from partnering with Day8 through the investment, Eurotrips plans to spend the fresh costs to launch the company into new markets, enhance its marketing efforts, and strengthen its team to ensure the delivery of exceptional travel experiences. … Read more
The number of vacancies on the labor market continues to grow for the third month in a row: in March it increased by 6%, to 102,800, although the number of applicants has decreased, these are the main results of regular labor market research from Work.ua. “We would like to remind you that in March 2022, … Read more
President Volodymyr Zelensky signed an order on April 4 to sanction several Ukrainian businessmen and dozens of companies. One of the sanctioned individuals was Vadym Alperin, an Odesa native known as the “king of smuggling.” Sanctions entail blocking of assets, restrictions on trade operations, preventing the withdrawal of capital from Ukraine, a ban on acquiring … Read more
The resumption of the blockade on Ukraine’s western borders in February significantly affected imports, with the National Bank reporting estimated losses of $350-400 million for the month, as stated in their report released on April 4. In February, Ukraine experienced a decline in the growth of imports due to the renewed blockade of its western borders. … Read more
Ukraine has resumed container shipping on the Black Sea: a ship with containers called at one of the ports of Odesa, Chornomorsk, on April 3. The pioneer vessel was the T Mare, flying the Panamanian flag. It then embarked on its return journey to Constanta, Romania. So far, this is not a full-fledged specialized ship, … Read more
Ukrainian companies are encountering significant difficulties in recruiting employees, a trend underscored by a decline in job seeker numbers, Ukrainian National Bank (NBU) reported on April 4. Despite an increase in job listings early in 2024, firms are struggling to fill both skilled and unskilled positions, a situation exacerbated by various economic and social factors. … Read more