Naftogaz Group plans to produce 15 billion cubic meters of natural gas in 2024 at the expense of PJSC Ukrgazvydobuvannia and PJSC Ukrnafta, said the head of the group, Oleksiy Chernyshov. “For 2024, our plan is to approach 15 billion cubic meters at the expense of the Ukrgazvydobuvannia and Ukrnafta enterprises,” he said at the … Read more
The government will expand the list of goods and equipment, during public procurement of which preference is given to those where there is a certain level of localization of production in Ukraine, Prime Minister Denys Shmyhal said at the Made in Ukraine forum in Kyiv on Monday. “We plan to use a number of tools … Read more
President Zelenskyy announced the start of Ukraine’s new economic strategy, Made in Ukraine, which will become a platform for constant, direct dialogue between the state and entrepreneurs. He also announced that the government will develop a Ukrainian Cashback program, which will return a portion of money spent for purchasing goods and services produced in Ukraine, … Read more
Investment company Dragon Capital put into operation the first phase of the M10 Lviv Industrial Park – a class A warehouse complex with an area of 14,400 square meters. The industrial park is located in the Ryasne-2 industrial zone in Lviv, 60 km from the Krakowec border crossing with Poland. The park’s territory covers an … Read more
The Ukrainian team, together with American partners, have announced the launch of MITS, Military Innovation Technology Solutions. According to the press release, the program is intended to help Ukrainian defense technology startups find partners, scale up, and offer the best defense technology products to the Armed Forces of Ukraine. An investment of $200,000: $100,000 in … Read more
Carbominer, a Kyiv-based modular direct air capture technology provider, has secured a €1.5 million grant from the EIC Accelerator Fund. Following this grant, Carbominer plans to raise an additional €7.5 million in equity in the future. The startup was previously funded by Ukrainian fund SMRK VC and in 2023 raised additional funding from Swiss Business Angel. Carbominer … Read more
As of February 2024, 3,635 Polish companies are operating in Ukraine. Profits from the business activities of these companies can amount to significant amounts. Less than half of them have published their financial statements for 2022 and have more than ₴63B in total revenue for the year. The total amount of profit generated by the … Read more
According to the NBU, the Ukrainian economy will increase by 7%, and the GDP per person will be $15,500 within a decade after the country’s accession to the EU with the rapid implementation of all necessary reforms. Under a partial implementation of reforms, the economy can grow by about 4% for ten years, and GDP … Read more
Ukrainian authorities are working to restore operations at one of the country’s airports once security issues are addressed, Head of the Presidential Office Andriy Yermak said at the “Made in Ukraine” forum on Feb. 26, the Liga.net outlet reported. The sky over Ukraine has been closed since the start of the all-out war in 2022, … Read more
The G7 countries released a statement in which they noted: “We confirm that the sovereign assets of the Russian Federation in our jurisdictions will remain immobilized until the Russian Federation pays for the damages it has caused to Ukraine.” The signatories of the statement welcomed the EU’s decision to adopt a mechanism for storing the … Read more