The Supervisory Board of JSC Ukrainian Defense Industry (former Ukroboronprom) at its second meeting decided to create business entities instead of the next 10 state-owned defense enterprises as part of the reform of the domestic defense-industrial complex. As reported on the company’s website on Monday, after state registration, eight enterprises will become limited liability companies, … Read more
The Ukrainian sea corridor created by the Ukrainian Navy since August 2023 has ensured the export of almost 20 million tonnes of products, including 14.3 million tonnes of agricultural products, the Ministry for Communities, Territories and Infrastructure Development of Ukraine said, citing Deputy Prime Minister for Restoration of Ukraine Oleksandr Kubrakov. “During the six months … Read more
JSC Ukrposhta increased the number of shipments by 40% in 2023 and transported 15 million parcels with JSC Ukrzaliznytsia, Deputy Prime Minister for Restoration – Minister of Communities, Territories and Infrastructure Development Oleksandr Kubrakov said on Facebook on Friday. “The company is showing stable results. In 2023, Ukrposhta increased the number of parcels by 40%. … Read more
The value of Turkcell’s subsidiaries sold in Ukraine – the third largest Ukrainian mobile operator, Lifecell LLC (lifecell brand), contact center outsourcing company Global Bilgi LLC and tower rental service provider Ukrtower LLC accounted for on the date of closing of the relevant sale transaction is $525 million, Turkcell said in a statement. “The final … Read more
The government approved on Feb. 1 a resolution to process defense procurement in the competitive procedure of the Prozorro system, among other steps aimed at improving the efficiency of defense production. Prozorro is Ukraine’s electronic public procurement system, designed to increase transparency and competition in the bidding process. Launched in 2016, it is designed to … Read more
The export of IT services demonstrated an unprecedented decline in both volume and share of total exports in 2023, reported IT Ukraine Association on Feb. 1. IT industry generated $6.7 billion in revenue for the Ukrainian economy, which is 8.5% or $622 million less than in 2022. While remaining the country’s largest exporting industry, IT sector reduced its share in total service exports to 42%, compared to 45.3% … Read more
ABH Holdings SA (ABHH), which owned Sense Bank (Kyiv) before its nationalization, in connection with press reports about the potential privatization and transfer of the bank to a third-party investor, says that it will consider any such transfer as the sale of stolen property. “ABHH unequivocally warns potential buyers or recipients of Sense Bank or … Read more
The European Commission has officially proposed to extend the suspension of import quotas and duties for Ukrainian exports to the EU for another year while including safeguards for agricultural products as demanded by several EU countries. The President of the European Commission, Ursula von der Leyen, stated this, the European Pravda reported. The publication noted … Read more
Since the start of Russia’s full-scale invasion, Ukraine’s national debt has increased by 102%, said the Ministry of Finance. As of Dec. 31, 2023, state and state-guaranteed debt amounted to UAH 5.5 trillion ($145 billion). Roughly 70% of this figure represents external debt, while the remaining 30%, or UAH 1.67 trillion ($43.6 billion) is domestic … Read more
After nationalization, Sense Bank intends to maintain the bank’s leading position in the securities market and be ready for its development after the National Bank of Ukraine (NBU) lifts the existing restrictions, in particular the ban on the purchase of foreign securities, acting head of the board of the financial institution Olena Zubchenko said. “Now, … Read more