The European Parliament’s International Trade Committee passed a one-year extension of the liberalization of food exports from Ukraine to the EU on March 7, rejecting demands that additional measures be implemented to appease aggrieved farmers in the EU. At the same time, an “emergency brake” was added that would impose tariffs if the export of … Read more
The State Property Fund (SPFU) is preparing to privatize the PentoPak plant, which Ukraine confiscated from Russian-Greek oligarch Ivan Savvidi for supporting Russian aggression. “I am sure that the lot will be interesting for investors. After all, this is a ready-made business that is in the rapidly developing Ukrainian food industry,” stressed the head of … Read more
Kurs Orbital, a Turin-based startup founded by Ukrainian space industry veterans, has closed a €3.7 million seed funding round to accelerate the commercialization of its satellite servicing technology. The round was led by OTB Ventures, and joined by Credo Ventures, Galaxia, and Inovo.vc, TechCrunch reports. “Currently, there are no off-the-shelf rendezvous and docking technologies available, so any … Read more
Britain is prepared to give Ukraine all the frozen assets of the Russian central bank that are being held in the country, on the condition that Russia will be forced to pay reparations to Ukraine after the end of the war, British Foreign Minister David Cameron said. “There is an opportunity to use something like … Read more
Ukraine will limit trade with the EU to resolve a political dispute with Poland, but instead calls on Brussels to ban Russian grain imports, said Deputy Minister of Economy, Trade Representative of Ukraine Taras Kachka, according to Financial Times. Kyiv supports new measures to impose restrictions on the import of eggs, poultry and sugar from June, … Read more
Ukraine’s international reserves in February, according to preliminary estimates from the National Bank of Ukraine (NBU), decreased by 3.8%, or $1.47 billion, to $37.052 billion. “This dynamics is due to the NBU’s foreign exchange interventions to maintain exchange rate stability and the country’s debt payments in foreign currency, which were partially offset by receipts from … Read more
Kyiv is open to trade restrictions with the EU to defuse tensions with Warsaw but urges bloc-wide import bans on Russian grain, Ukraine’s Deputy Economy Minister and Trade Representative Taras Kachka told the Financial Times (FT) in a comment published on March 6. The EU instituted a liberalized trade regime with Ukraine in 2022 to … Read more
According to Prime Minister Denys Shmyhal, “We are cooperating very fruitfully with the leaders of the world’s arms production. We can already talk about five signed contracts and five joint ventures in Ukraine cooperating with Western arms manufacturers. There will be dozens of enterprises this year.” As the Prime Minister clarified, Ukraine creates some enterprises … Read more
Ukrgazvydobuvannya from the Naftogaz Group launched a new gas well with a throughput of 400,000 cubic meters per day, reported the press service of the state oil and gas company. This is the fourth high-throughput well launched in 2024, and one of the most productive, Naftogaz said. The idea of launching this well belongs to the development … Read more
The National Bank of Ukraine (NBU) stated a low level of national currency banknotes counterfeiting based on monitoring of hryvnia banknotes withdrawn from circulation: by the end of 2023, by 1 million pieces. Approximately 2.1 banknotes were counterfeited per 1 million authentic banknotes, while in 2022 they were 2.2 banknotes According to the regulator’s information … Read more