Etsy Payments, a payment interface of one of the largest handmade marketplaces in the world, Etsy, has officially been launched in Ukraine. Access to the payment system will allow Ukrainian entrepreneurs to officially sell their goods to people from America, Europe, and Asia, and foreign buyers will be able to pay for Ukrainian goods with … Read more
Ukraine’s Infrastructure Ministry is set to cancel at least 30% of international passenger bus routes, Deputy Minister Serhiy Derkach announced. Legislation requires carriers operating international routes to have a partner from another country. Two hundred eighty routes connecting Ukraine to Poland and Russia have already been closed. A joint commission with Moldova will terminate all … Read more
There is no demand for the creation of new banks: over the past five years, the National Bank of Ukraine (NBU) has not received a single package of documents, Deputy Governor of the NBU Dmytro Oliynyk has said. “The number of requests from non-bank players is also at a low level, at the same time, … Read more
The Latvian port Rīgas Universālais Termināls (RUT) received and unloaded the first test train with 1,423 tonnes of Ukrainian rapeseed, which were loaded into 54 containers, the Latvian publication ldz.lv reported. “This week, the company Rīgas Universālais Termināls (Riga Universal Terminal – RUT) received and unloaded the first test train with Ukrainian cereal products, which … Read more
The Nova Poshta group of companies intends to begin testing the parcel delivery service between the countries of the European Union in 2024 in order to fully launch this service in 2025, co-owner of Nova Poshta Viacheslav Klimov told Forbes Ukraine on Monday. “We have already started offering it (the service) in some countries where … Read more
A trial program for electronic industrial fishing has been initiated in Ukraine. The press service of the Ministry of Agrarian Policy reported this. The Cabinet of Ministers [Ukraine’s government – ed.] adopted resolution No. 1076, “On the implementation of an experimental project on the introduction of the declaration of the right to commercial fishing and … Read more
The International Monetary Fund (IMF) has announced the creation of the Capacity Development Fund for Ukraine, with $14 million already received from donors, National Bank of Ukraine Governor Andriy Pyshnyi has said in a post on Facebook. “The IMF has officially launched the Capacity Development Fund for Ukraine, aimed at addressing the needs for the … Read more
Ukraine, with the support of international reinsurance broker Marsh McLennan, launched a data platform on October 12 allowing insurers, investors and governments to analyse war risks in the country, according to the Marsh McLennan website. It is also noted that support was provided to the government of Ukraine in the development and testing of a … Read more
An Australian company is exploring the possibility of supplying Ukrainian graphite to the U.S. Department of Defense, news agency Nadra.Info reported on Oct. 13. Volt Resources Limited, which holds a 70% stake in the Ukrainian group Zavalivskiy Graphite, has signed a letter of intent with M2i Global, Inc. (United States) on graphite supplies, Nadra.Info said, … Read more
Russian winter attacks on Ukraine’s energy facilities may cause large-scale damage to the power grid, but the power industry is preparing to restore it as soon as possible, says Energy Minister Herman Halushchenko. Previously, Ukraine’s state energy operator Ukrenergo reported the first mass strike on the country’s energy infrastructure in six months in September. We have … Read more