The Turkish company Baykar plans to invest $100 million in three projects in Ukraine. Baykar CEO Haluk Bayraktar announced this on Friday at the International Defense Industries Forum in Kyiv, Ukrinform reports. Türkiye joined the drone development and production in Ukraine. Baykar, the manufacturer of Bayraktar TB2 attack drones, plans to invest $100 million in … Read more
JSC Ukrzaliznytsia and the development company DAI Global LLC, working with international development agencies, signed a memorandum on the implementation of the international technical assistance project “Economic Support for Ukraine,” which provides for the development of the export of Ukrainian grain by rail, the press service of Ukrzaliznytsia reported on Friday. “Our common goal is … Read more
The German Federal Cartel Office has authorized the creation of a joint venture between the German concern Rheinmetall and Ukrainian defence industry, Rheinmetall reported on its website on Thursday. “Launched in May 2023, strategic cooperation between Rheinmetall and Ukraine’s state-owned Ukrainian Defence Industry group (UDI), the former Ukroboronprom, has taken another step forward. On 28 … Read more
JSC Ukrposhta in January-June 2023 increased its net loss by 27.0% compared to the same period last year, to UAH 653.7 million. According to the state-owned company’s report in the information disclosure system of the National Securities and Stock Market Commission, its net income grew by 20.0%, to UAH 5.58 billion. In the first half … Read more
Turkish developer Bosphorus Development continues to invest in its first project in Ukraine – the construction of the Maxima Residence residential complex in Kyiv (3 Konovaltsa Street), said founder and chairman of the supervisory board of Bosphorus Development Mehmet V. Sacaklioglu in an interview with Interfax-Ukraine. “We began work on the capital’s Maxima Residence housing … Read more
The State Agency for Tourism Development of Ukraine (SATD) and U.S. Airbnb will cooperate to popularize Ukraine in the world as a tourist attractive destination. The press service of the agency told Interfax-Ukraine that the corresponding Memorandum was signed on September 25, 2023 during a meeting of Head of the SATD Mariana Oleskiw and co-founder … Read more
Among the priority measures to reform the Bureau of Economic Security (BES) is the reformatting of the composition of the competition commission by appointing the director of the BES. This follows from bill No. 10088 “On priority steps to reform the Bureau of Economic Security of Ukraine” published on the website of the Verkhovna Rada. … Read more
Prime Minister of Ukraine Denys Shmyhal signed a resolution of the Cabinet of Ministers on the introduction of a mechanism for verification and coordination of four groups of Ukrainian agricultural exports, in particular wheat, rapeseed, sunflower and corn, to Romania, Bulgaria, Poland, Slovakia and Hungary. “Ukraine presented this mechanism as part of a plan to … Read more
The reduction in the key policy rate of the National Bank of Ukraine (NBU) in September from 22% to 20% per annum was supported by nine members of the monetary policy committee, two spoke in favor of a more significant reduction – to 19%, the regulator reported on the results of committee discussions on September … Read more
Nestlé in Ukraine this year has reduced the rate of decline in production volumes to 5% from 15% last year, and intends to return to growth in 2024, CEO of Nestlé in Ukraine and South-Eastern Europe Alessandro Zanelli told Interfax-Ukraine on the sidelines of the European Business Association (EBA) conference. According to him, the decline is explained by … Read more