Ukraine becomes 20th member of Cairns Group within WTO

Ukraine has become the 20th member of The Cairns Group, created within the World Trade Organization (WTO) and uniting countries that advocate greater liberalization of international trade in agricultural products. As stated in a report on the group’s website, this decision was made by the ministers of the Cairns Group at the 43rd meeting in … Read more

Czech RegioJet makes test train trip on Košice-Chop route

The Czech railway operator RegioJet on Tuesday carried out a test trip on the route Košice (Slovakia) – Chop (Ukraine), photos of the company’s train at the Chop station appeared on railway forums. An Interfax-Ukraine source in the company confirmed that a test trip of a RegioJet train on the Košice-Chop route took place on … Read more

The European Parliament approved the allocation of €50B for Ukraine over four years

However, the €50B EU program will receive final approval in April. “The regulations for disbursement of funds under the EU program contain final conditions, which will be approved by the government in March and submitted for consideration by the EC,” noted the Minister of Economy of Ukraine, Yulia Svyridenko. The Minister of Finance of Ukraine, … Read more

Govt approves procedure necessary for implementation of European digital wallet

The procedure for maintaining a list of electronic identification schemes and wallets with digital identification, approved by the Cabinet of Ministers, allows for the introduction of new means of electronic identification with different levels of trust and brings Ukraine closer to the implementation of the European digital wallet. “The government adopted a resolution for the … Read more

Ukrainian farmers are increasing their orders for the construction of vegetable storage facilities by almost 100%

Most orders are private investments, as farming and agricultural companies have seen the prospect of developing the domestic market amid increasing domestic consumer spending. In part, the development of domestic consumption is related to problems with the transportation of vegetables abroad and the blocking of borders with Western countries by local farmers. That is why … Read more

SCM Investment Group increases capital investments, investment in modernization in Ukraine by 52% in 2023

The largest private Ukrainian investment group SCM of businessman Rinat Akhmetov allocated more than UAH 32 billion (or $800 million) for capital investments and modernization in Ukraine in 2023, which is almost 52% more than in 2022. According to a press release, the investments were made in many areas. Thus, to ensure the energy independence … Read more

US Treasury Secretary urges world leaders to transfer frozen Russian assets to Ukraine

Unlocking frozen Russian Central Bank assets and diverting those funds to aid Ukraine is “necessary and urgent,” U.S. Treasury Secretary Janet Yellen told global finance leaders at the Group of 20 (G20) summit in Sao Paulo, Brazil on Feb. 27. Western countries and other partners immobilized around $300 billion of the Russian Central Bank’s assetsat … Read more

NBU has final say in allowing companies to pay eurobonds from Ukraine

The final decision on the sale of FX currency to large Ukrainian companies and holdings and their further settlements from Ukraine on eurobonds with Western creditors will be made by the National Bank of Ukraine (NBU), First Deputy Prime Minister – Minister of Economy Yulia Svyrydenko said at the Made in Ukraine forum in Kyiv … Read more

Poland urges EU to slow trade liberalization with Ukraine

The European Commission is responsible for the uncontrolled flow of agricultural products from Ukraine into Poland and the European market, as well as for the provisions of the Green Deal, which have caused protests from farmers throughout Europe and which need to be revised in order to support farmers, Polish Agriculture Minister Czeslaw Siekierski said. … Read more