The European Commission on March 5 proposed to prolong a road transport agreement with Ukraine and Moldova while introducing additional measures to the Ukraine deal “based on lessons learned.” The EU signed the agreement with the two Eastern European countries in 2022 to liberalize road transport shortly after Russia launched its full-scale invasion of Ukraine. … Read more
Prime Minister of Ukraine Denys Shmyhal says that the Ukrainian market is ready to produce more than 1 million drones, and the state will buy back everything that business can do. “We understand that our business and the market in Ukraine are already ready to produce more than 1 million drones. We will buy back … Read more
Since the Russian invasion on February 24, 2022, more than 775 Ukrainian companies have entered the Romanian market; in 2023 alone, more than 300 Ukrainian companies began operating in Romania, President of the Chamber of Commerce and Industry of Romania (CCIR) Mihai Daraban told Interfax-Ukraine. “From the very beginning of the aggression, the CCIR supported … Read more
Since its inspection in April 2023, the BRAVE1 Defense Technology Cluster has allocated $3,045,000 for developers creating defense innovations. The cluster has distributed a total of 173 grants, according to Mykhailo Fedorov, Minister of Digital Transformation. TOP-8 directions for grants: BRAVE1 was launched in April 2023 with the goal to accelerate the development of technologies … Read more
Polish farmers demand to close the border for goods from Ukraine, but if you look at the trade balance between Poland and Ukraine, it is clearly in favor of Poland, writes Rzeczpospolita. In 2021 Ukraine was only the 15th largest export market for Poland, but in 2023 it took seventh place, after Germany, the Czech … Read more
An agreement has been signed with U.S. tech company Palantir to employ artificial intelligence in Ukraine’s humanitarian demining efforts, the Economy Ministry reported on March 3. Over 270 Ukrainians, including 14 children, have been killed by mines and other explosives since the start of the full-scale invasion. “Demining is the zero stage of Ukraine’s recovery. … Read more
The Swedish Export Credit Corporation began accepting applications for special credit guarantees for exports to Ukraine on March 1, the total limit of guarantees according to the country’s budget for 2024 is SEK 333 million ($32.1 million at the current exchange rate). As stated in the Swedish Export Credit Corporation’s report, this became possible after … Read more
The European Union will strengthen control over carriers’ compliance with agreements on transporting grain from Ukraine to address concerns of protesting farmers and free up trade, Reuters reported on March 1, citing the EU Transport Commissioner Adina Valean. Farmers across Europe have been protesting over a range of issues, including what they claim is unfair … Read more
Thanks to the UNITY insurance instrument, insurance rates on the commercial market for transportation by Ukrainian maritime route have been halved, while the rate for insurance of agricultural products is now 0.75%. “Expanding insurance to all non-military cargo, such as container shipping, iron ore, steel, is extremely important for Ukraine, especially given the increased export … Read more
The Ministry of Energy expects the Verkhovna Rada to soon adopt bill No. 9456, which resolves the issue of unblocking the export of biomethane. As Deputy Energy Minister Svitlana Hrynchuk said, lifting the ban on natural gas exports, introduced with the start of the full-scale invasion, will depend on the impact of such a decision … Read more