According to research by IFW, as of January 15 the total volume of Estonia’s aid obligations to Ukraine is 3.5% of the country’s GDP. In second place according to this indicator is Denmark, at 2.41%. They are followed by Norway (1.72%), Lithuania (1.54%), Latvia (1.15%), Finland (0.71%), Poland (0.69%), and the Netherlands (0.67%). Germany’s total … Read more
Ukrzaliznytsia is introducing a temporary conventional restriction on the transportation of agricultural cargo to Poland through the Izov station. As reported on the Ukrzaliznytsia website, from February 21 to February 27, it will be prohibited to transport fats and oils of animal and vegetable origin, prepared edible fats, wax of animal or vegetable origin for … Read more
This year, the venture fund SMG Capital and venture builder SMG Builder were launched in Ukraine. The expected total amount of the fund is $10M, said VC fund partner Oleksandr Shynkarev. Currently, the SMG Capital fund is composed of almost 50% of its own funds and funds from partners. The investment direction — companies with … Read more
According to Forbes, there is a significant shortage of men to work at ATB, Auchan, and Comfy stores. The main obstacle is that these positions are usually filled by draft-age men. Among the reasons for the staffing shortage are the departure of Ukrainians abroad, a drop in consumer demand, and the reluctance of men to … Read more
As specified by the Ministry of Finance, as of December 31, 2023, Ukraine’s state and state-guaranteed amounted to $145.3B, which is comprised of external debt – $101.7B (69.99% of the total amount) and internal debt – $43.6B (30.01%). Regarding creditors, the lion’s share of the debt falls on soft loans received from international financial institutions … Read more
Representatives from political parties in the Czech Republic, including opposition parties, together with the country’s Agrarian Chamber, have agreed on the possibility of introducing customs duties in the form of deposits, which will be distributed to agricultural products imported from Ukraine to the EU. Deposits will be returned to importers if grain is sent from … Read more
The largest European arms manufacturer Rheinmetall plans to open an ammunition production plant in Ukraine, the company’s press service reports. “Six-digit number of 155mm caliber bullets to be produced per year, including propelling charges. Rheinmetall with a 51% stake in the JV, 49% held by a Ukrainian partner company,” the company reported on the X … Read more
The Cabinet of Ministers is considering a plan to increase budget revenues by 0.5% of GDP, which Ukraine must present within the IMF program. To that end, the government plans to introduce additional taxation in the form of a 0.1% military levy on the profit of enterprises and income of private enterprises, 1.5% on the … Read more
PeopleForce, the global provider of an all-in-one HR platform, has secured $2 million in seed funding round led by Pracuj Ventures, a prominent Polish venture fund. The capital injection will help the startup with its mission to revolutionize HR processes for technology-driven companies. The main goal of the funding will be to accelerate product development … Read more
Technology giant Google launched the second fund within the Startup Ukraine Support Fund initiative with a budget of $10M to support Ukrainian startups during 2024 and 2025. As in the first stage, the selected Ukrainian startups will be announced gradually during the year. They will receive up to $200,000 in equity-free funding, as well as … Read more