Ukraine does not intend to extend the Russian gas transit contract after it expires at the end of 2024, Oleksiy Chernyshov, chairman of the state-owned oil and gas company Naftogaz, said in an interview with Radio Liberty published on Oct. 28. Ukraine is fulfilling the current contract to remain a reliable partner for Europe, although … Read more
The Ukrainian National Agency on Corruption Prevention (NACP) has added Italy’s Camozzi Group to its list of international war sponsors, pointing to the company’s ongoing business operations in Russia, the agency’s press service said. The Italian company was added to the list for its collaboration with the Russian military-industrial complex, and the operation of a … Read more
Investment company Dragon Capital* has halved its GDP growth forecast for 2024 to 4.0% year-over-year, and expects the hryvnia exchange rate to reach 39 UAH/USD by the end of next year, firm said in an updated forecast economic forecast for Ukraine. “Given the dynamics of events on the front, we revise our key assumption for … Read more
The National Bank of Ukraine (NBU) has set the key interest rate at 16% as of Oct. 27, bringing it in line with the rate for overnight certificates of deposit (CDs), the NBU announced on Oct. 26. Interest rates on its other operations with banks remain unchanged. The rates for overnight, three-month CDs, and refinancing … Read more
Ukraine’s share of honey imports to the EU in 2022 was 24%, which allowed it to take second place among exporting countries, Beehive reported on Facebook, citing Eurostat data and the European Federation of Honey Packers and Distributors (F.E.E.D.M.) According to the report, in addition to Ukraine, the leading countries in honey supplies to the … Read more
German defense contractor Rheinmetall and the state-owned Ukrainian Defense Industry (Ukroboronprom) have established a joint venture, Ukrainian Prime Minister Denys Shmyhal said on Oct. 24. “The Rheinmetall-Ukrainian Defense Industry LLC was registered on Oct. 18,” Shmyhal announced at the German-Ukrainian Business Forum in Berlin. The company will maintain and repair equipment supplied by Ukrainian partners. … Read more
Poland’s Pronar, a major manufacturer of agricultural machinery, is patenting a special machine for demining fields and construction sites with mass production expected to begin in 2024, Pronar’s Director of Trade and Marketing Radoslaw Bielecki revealed in a press release on Oct. 24. “A team of 150 engineers is working very closely with partners in … Read more
More than 840 Ukrainian companies have moved to safer regions of the country as a part of a government relocation program, with 667 of them already operating in their new locations, the open data platform OpenDataBot reported on Oct. 23. The relocations happened between the start of Russia’s full-scale invasion in February 2022 and the … Read more
“Nova Poshta” opened its first branch in Estonia and launched its own courier delivery service. Estonia has become the eighth country in the EU where Nova Post started its operation. The first Nova Post branch opened in Tallinn, at the address Estonia pst 7, 10412. Сlients can receive and send documents, parcels and cargo up to … Read more
Farmers from all regions of Ukraine threshed 57.6 million tonnes of grains and oilseeds, of which 39.228 million tonnes of grains, 18.457 million tonnes of oilseeds, the press service of the Ministry of Agrarian Policy and Food reported. According to the report, grain and leguminous crops were harvested on an area of 8.275 million hectares … Read more