Ukraine and Poland have signed an agreement aimed at developing passenger and freight train services between the two nations, Yevhen Liashchenko, the head of Ukraine’s national railway operator Ukrzaliznytsia, has said in a press release issued by the Ukrainian rail operator on Aug. 28. Liashchenko said the agreement marks a significant milestone, representing the most … Read more
Swedish clothing retailer H&M Group plans to reopen most of its Ukrainian outlets in November, according to an official press release. The company is already preparing for the reopening of most H&M stores, wherever feasible. Further details regarding specific store reopening schedule will be announced at a later date. “After extensive discussions with global and … Read more
Mate academy, an international edtech startup founded in Ukraine, has started expansion into Latin America by launching a representative office in Brazil. In Brazil, the company will provide all learning materials on the platform in the Portuguese language. Right from the outset, students gain access to Frontend and Full-stack technologies. Founded in 2015 and based … Read more
The National Securities and Stock Market Commission on its own initiative will allow to circulation debt securities issued by the G7 member countries: the USA, Canada, Italy, Great Britain, Germany, France and Japan. “Information on foreign debt securities that may be admitted by the National Securities and Stock Market Commission for circulation in Ukraine and … Read more
Ukraine has launched a comprehensive database covering advertising markets in other countries, encompassing over 15 nations, the All-Ukrainian Advertising Association announced on Aug. 22. The All-Ukrainian Advertising Association and the advertising-communications conglomerate NCG have collaborated to create this unified database, named “Foreign Markets Access.” Its purpose is to bolster the Ukrainian advertising and communications market … Read more
Ukraine remains a leader in adopting new payment technologies as a new Mastercard study proves again a years-long trend. Six out of ten contactless payments in Ukraine were made via NFC-enabled gadgets in the second quarter of this year, a Mastercard study revealed. The share of payments with smartphones and gadgets with NFC among all … Read more
Ukraine’s real GDP growth in July slowed from 15% to 8%, compared to the same period last year, the Institute for Economic Research and Policy Consulting (IER) stated in its monthly economic monitoring report on Aug 17. “The slowed growth is primarily due to the presence of a higher statistical base, as the decline of … Read more
The Chinese group of companies Alibaba Group Holding Limited was included by the National Agency for the Prevention of Corruption (NAPC) on the list of international war sponsors. This is reported on the NAPC website. As reported in the agency, Alibaba Group not only continues to work in the Russian Federation. They note that Alibaba … Read more
Despite significant losses, the Ukrainian economy has displayed a resilient trend of growth since the beginning of 2023, Ukraine’s Economy Ministry has said. The ministry initially projected a GDP growth of 3.2%. However, due to the sabotage of the Kakhovka dam by Russian forces, the forecast was revised to 2.8%. As it turns out, those … Read more
The Ukrainian parliament has reintroduced a 18% turnover tax for online casino operators, Danylo Hetmantsev, the Chair of the parliamentary Finance Committee, reported via Telegram on Aug. 10. According to Hetmantsev, this will generate at least UAH 1.5 billion ($41 million) in annual fiscal revenue. Ukrainian MP Yaroslav Zheleznyak clarified that the 18% tax aims … Read more