Polish farmers continue to block border traffic in six directions, with about 3,300 trucks in the queue, Ukraine’s border guards report. The longest queue remains at the Krakivets checkpoint, with 1,600 trucks, and at Yahodyn, with more than half a thousand. Meanwhile, there are also “thousands of vehicles” in Ukraine that are registered to leave. … Read more
In 2023, Ukrainian banks produced almost ₴160B in pre-tax profit, 100% more than before the start of the full-scale invasion. Banks will have to pay a tax of half their total profit – more than ₴73B. At the same time, the profit is still 12% higher than before the start of the full-scale invasion. At … Read more
JSC Market Operator has developed a draft amendment to the rules of the day-ahead market (DAM) and the intraday market (IDM) and changes to the rules of the electric energy market regarding the synchronization of its work in time with European spot markets. “According to the changes proposed by the market operator, the “gate closing” … Read more
The National Bank of Ukraine intends to trial the digital hryvnia this year, and banks have already been invited to join the pilot program. The director of the Department of Payment Systems and Innovative Development of the National Bank of Ukraine, Andriy Poddieryohin, announced this in the “Chronicles of the Economy” podcast. In February 2022, … Read more
In Poland, a decision has not yet been made regarding the possible construction of a pipeline for the transportation of edible oil from Jagodin, the Volyn region of Ukraine, to the port of Gdansk. The hesitation stems from doubts of a legal and technical nature, as well as the circumstances surrounding the flow of other … Read more
In 2023, Astarta Holding, the largest producer of sugar in Ukraine, delivered more than one million tons of its products to world markets and received €325M in export earnings, 17% more than in 2022. The company noted that the lion’s share of production was exported through the sea corridor from the ports of Odesa. Goods … Read more
As European Commissioner for Energy Kadri Simson stated: “We are not interested in extending the tripartite gas transit agreement, which expires at the end of this year.” According to her, the countries that received Russian gas in transit through Ukraine, including Austria, Italy, and Slovakia, will be able to find alternative sources of supply. Europe … Read more
Ukrainian entrepreneur and chairman of the board of Petcube Yaroslav Azhnyuk has announced the launch of Odd Systems. It is a manufacturing company specializing in sports FPV quadcopters and components. One of the first components will be a thermal imaging camera that will enable nighttime flights. Those interested will be able to buy it for … Read more
Ukraine’s National Agency on Corruption Prevention (NACP) has refused to remove Austria’s Raiffeisen Bank from the international sponsors of war list, citing the bank still not having a clear plan to leave the Russian market, Reuters reported on Feb. 15. Raiffeisen Bank International (RBI) continues to operate in Russia, leading the NACP to include the … Read more
The World Bank, together with the European Commission, the UN and the government of Ukraine, increased the assessment of Ukraine’s needs for post-war recovery. It now stands at $486 billion, according to the third Third Rapid Damage and Needs Assessment (RDNA3). The RDNA3 evaluation covers the period from February 24, 2022 to December 31, 2023. … Read more