The European Union has reinstated tariffs on eggs and sugar from Ukraine as of July 2 due to quota exceedance, according to the website of the Directorate-General for Agriculture and Rural Development (DG AGRI). These tariffs will remain in effect until June 5, 2025. The current duty-free trade regulation for Ukraine includes an emergency brake … Read more
Ukraine has entered the World Bank’s list of upper-middle-income countries for the first time in its history, according to the bank’s updated rankings. Ukraine’s upward reclassification resulted from the economic recovery in 2023 (real GDP grew by 5.3%, following a 28.8% decline in 2022) combined with a population decrease of more than 15% after Russia’s … Read more
The European Union imposed an emergency brake on imports of eggs and sugar from Ukraine on July 2, according to the European Commission’s statement. The updated rules of duty-free and quota-free trade in agricultural products between Ukraine and the EU came into force on June 6. According to the newlyimplemented rules, an emergency brake can … Read more
JSC Ukrzaliznytsia transported 2.5 million passengers in June, which is 18% more than in June in 2023, the company’s press service said on Monday. According to a statement on the Telegram channel, on Sunday, June 30, railway workers set a record by transporting 100,000 passengers in one day. This is the largest number since the … Read more
The Ministry of Economy is forecasting a sharp acceleration in gross domestic product growth starting in 2026, with the 2025-2027 budget declaration, published by MP Yaroslav Zheleznyak, projecting GDP growth of 7.5% for 2026. Such growth rates haven’t been seen in Ukraine since the mid-2000s when Viktor Yushchenko was president. The record for Ukraine is … Read more
Drilling will begin in August, with drilling equipment currently being transported and sites being prepared Ukrnafta is starting work on constructing two oil wells that will collectively produce over 100 tons of oil per day, according to Ukrnafta’s press service. Both wells are being built turnkey by a contractor selected through Prozorro – Energofinance LLC. … Read more
McDonald’s Ukraine company, developing a chain of McDonald’s fast-food restaurants in Ukraine, opened its first restaurant in Chernivtsi on July 1, the company’s press service reported. Restaurant will be located on Heroiv Maidanu street, 184, and features an area of over 605 square meters, has 175 seats in the hall, and 136 on the terrace, the … Read more
The purchase and sale prices of agricultural land in May 2024 significantly increased compared to previous months and are now the highest in the entire history of the land market: the weighted average price per hectare in May was UAH 45,000, which is 8.2% higher than in April 2024 and 5.6% higher than in March … Read more
The Ukrainian-founded company Esper Bionics has raised $5 million in investment led by YZR Capital with co-financing from the EBRD and U.Ventures. The money will be used to scale and develop the bionic system. Esper Bionics plans to ramp up production of its flagship product, the AI-embedded self-learning Esper Hand. The prosthesis costs $22,000 and … Read more
State-owned railway company Ukrzaliznytsia has been granted a license by the Polish Railway Transport Authority, allowing it to enter the European railway freight transportation market, the company announced on June 27. Ukraine’s airspace has been closed since February 2022 due to Russia’s full-scale invasion, giving rail transport a crucial role in transporting goods and passengers … Read more