Astarta sees net profit fall by 96.4% in Q3 2023

Astarta, the largest sugar producer in Ukraine, received EUR1.24 million in net profit in the third quarter of 2023, which is 96.4% less than in the same period in 2022, according to the company’s report on the Warsaw Stock Exchange. According to it, during the specified period, revenue decreased by 14.4% – to EUR104.75 million, … Read more

Czech railway operator RegioJet confirms intention to invest in restoring electrification on Chop-Mukachevo section

The Czech railway operator RegioJet confirmed its intention to invest in restoring electrification on the Ukrainian section Chop – Mukachevo, owner of the operator Radim Yanchura said in an interview with the Interfax-Ukraine agency. “If Ukrzaliznytsia supports us and contributes to the implementation of the project, we are ready to invest in the electrification of … Read more

Rada redirects ‘military’ income tax from local budgets to state budget until end of war – law

The Verkhovna Rada on Wednesday, with 253 supporting votes, adopted bill No. 10037 on the redirection of the so-called “military” personal income tax from local budgets to the state budget to channel these funds primarily to the purchase of drones and weapons, Head of the parliamentary budget committee Roksolana Pidlasa has said. “The key provisions … Read more

Zelenskyy initiates extension of ban on Ukrainian gas exports until late 2024

Ukrainian President Volodymyr Zelenskyy is initiating the extension of the ban on the export of natural gas of Ukrainian origin until the end of 2024. The instruction to the Cabinet of Ministers is enshrined in President’s Decree No. 737/2023 dated November 7, 2023, which put into effect the decision of the National Security and Defense … Read more

Zelenskyy signs NSDC decision on strengthening resilience of energy system

The decree on the entry into force of the decision of the National Security and Defense Council on additional measures to strengthen the stability of the functioning of the energy system and prepare the national economy for work in the autumn-winter period of 2023/2024 was signed by President of Ukraine Volodymyr Zelenskyy. Document No. 737/2023 was … Read more

Ukraine’s Nova Poshta blows by pre-war profits, makes almost $90 million in 2023 — 5x pre-war level

Nova Poshta, Ukraine’s leading postal operator, has shown significant growth in all operational and financial aspects for the first nine months of 2023, announced the company’s press service. The company delivered 290 million parcels and cargoes, marking a 10% increase compared to the same pre-war period in 2021. Nova Poshta invested 2.4 billion UAH ($67 … Read more

Switzerland’s Nestle named international sponsor of war for refusing to exit Russian market

Switzerland’s Nestle food and beverage conglomerate has been declared an international sponsor of war, Ukraine’s National Agency on Corruption Prevention (NACP) reported on Telegram on Nov. 2. Nestle has more than 2,000 brands worldwide, including popular products like KitKat, Nescafé, Nesquik, Nestea and many others. The company continues to operate in Russia, supplying goods and … Read more

Ukraine tightens restrictions on grain exports

Tightening regulations on grain exports, the Cabinet of Ministers has amended the rules governing the export of agricultural products from Ukraine. The decree was published on Oct. 31, outlining a pilot project for verifying entities within the agro-industrial complex during martial law. The key provisions of the document are centered on entities engaged in the … Read more

Rules for export of agricultural products to be changed in Ukraine

The Cabinet of Ministers of Ukraine has decided to change the rules/procedures for the export of agricultural products; the government plans to publish the corresponding government resolution this Monday, the press service of the Ukrainian Grain Association (UGA) has reported. “The coordination council under the Ministry of Agrarian Policy and Food decided to work out … Read more

Ukraine has exported nearly nine million tons of grain in current marketing year

In the current marketing year, Ukraine has already exported almost 9 million tons of grain. The press service of the Ministry of Agrarian Policy and Food reported this. As reported, since the beginning of the new marketing year (2023/2024), Ukraine has exported 8.72 million tons of cereals and legumes. In this marketing year, which started … Read more