Andriy Pyshnyi, Head of the Ukraine’s National Bank, linked the recent marginal depreciation of the hryvnia to seasonal influences as he discussed the exchange rate during a press briefing in Kyiv on Dec. 14. “Now we are witnessing a familiar pre-war-time process of seasonality, when the demand for currency increases towards the end of the … Read more
Ukraine’s largest mobile operator Kyivstar was targeted in a powerful cyberattack, causing a technical failure that temporarily disrupted communication services and internet access for millions of Ukrainians, the company announced in a press release on Dec. 12. “To document the circumstances and consequences of the illegal actions interfering with Kyivstar’s network operations, the operator has … Read more
Ukraine’s leading postal service Nova Poshta has expanded into the Italian market, opening its first branch in Milan — Nova Poshta’s first entry into Italy and its 80th branch in Europe, the company’s press service announced on Dec. 12. This marks the 11th European country where Nova Poshta opened a branch. “We plan to expand … Read more
Real gross domestic product (GDP) of Ukraine in the third quarter of 2023 increased by 9.3% compared to the third quarter of 2022, while in the second quarter there was a jump of 19.5% after a fall of 10.5% in the first quarter and 31.4% in the fourth quarter of last year. According to the … Read more
The largest Ukrainian shopping and entertainment centers noted a significant increase in turnover in hryvnia, by 40% to 100% in 2023 year-over-year, as well as in attendance, which exceeded pre-war figures. Thus, in the capital’s Respublika Park shopping center, attendance in October 2023 exceeded the pre-war December 2021 indicators – some 1.57 million people against … Read more
Investment company Dragon Capital has revised its economic growth projection for Ukraine in 2023 to 5.2%, up by 0.7 percentage points, despite external financing risks, the company reported on Dec. 8. The Ukrainian economy’s faster-than-expected recovery is attributed to increased exports through seaports, a stable electricity supply, and better-than-anticipated harvests, according to Dragon Capital’s macroeconomic update. Ukraine exported approximately 4 million tons … Read more
Nearly 3,300 trucks are stranded at the Poland-Ukraine border, with traffic blockades persisting at four crossing points, said Border Guard Service spokesperson Andriy Demchenko. The longest queues of about 1,200 and 850 trucks are reported at the Shehyni and the Rava-Ruska checkpoints respectively. “There are slightly smaller queues on other routes [to the border crossings],” said Demchenko. … Read more
Ukraine has received a package of technical data from the United States to start local production of some FrankenSAM projects, Soviet anti-aircraft missile systems that are to be modernized and adapted to Western missiles. The White House noted that Franken systems will be produced in parallel in both Ukraine and the United States. This will … Read more
Ukraine and the United States have signed a memorandum of understanding on the joint production of military equipment and the exchange of technical data at the Defense Industrial Base Conference in Washington, DC, Ukrainian Defense Minister Rustem Umerov announced on Facebook on Dec. 7. The cooperation will focus on air defense systems, repair and sustainment, and the production of … Read more
The Ukrainian industrial company Interpipe, due to the blockade of the Polish-Ukrainian border in November of this year, received a total loss or additionally spent $1.2 million, Oleksiy Yanovsky, director of procurement and logistics of the group, told Interfax-Ukraine in response to the corresponding request. “Under the blockade of the Black Sea ports, the main … Read more