The Ministry of Economy of Ukraine has assessed the cost of the direct damage caused by the destruction of the Kakhovka Hydroelectric Power Plant and dam to be worth at least $2 billion, the press service of the ministry reported on June 30. The analysis by experts from the Ministry of Economy, the Ministry of … Read more
The European Union’s leaders backed the plan to utilize the Central Bank of the Russian Federation’s frozen assets to benefit Ukraine, including levying an income tax on them. Sydorov reports this with reference to Bloomberg and Reuters. EU leaders are supporting a proposal to implement a tax on profits from Russian central bank assets worth … Read more
Uzhhorod residents are the most optimistic in Ukraine about their economic prospects, with 17% saying their financial situation has improved or somewhat improved over the past year, according to a new survey released on June 30. The findings come from the Eighth All-Ukrainian Municipal Survey conducted by the Sociological Group Rating on behalf of the … Read more
Three Ukrainian manufacturers have been selected to receive $1 million each to combat Iranian-made Shahed drones, the Ministry of Digital Transformation announced on June 27. The manufacturers were chosen through the Drone Hackathon – Anti-Shahed event, where 50 teams presented their projects to representatives of Ukraine’s security and defense forces. The objective was to identify innovative solutions … Read more
Direct damage to housing and otherreal estate in Ukraine exceeded over $54 billion as of May 2023, according to research published by the Kyiv School of Economics Institute. Of the total amount of direct damage to the housing stock, the majority, amounting to $46.6 billion – came from the destruction and damage to apartment buildings. … Read more
Ukrainian delivery service provider Nova Post has entered the Romanian market. This is the first country in which the company started providing delivery services not only to Ukraine, but also to another European country – Moldova. The Nova Post branch is open in Bucharest at B-dul Unirii 47 A, Sector 3. It is a post … Read more
Ukraine has partnered with the Lagos Free Zone company to build a grain terminal at the Lekki Port in Nigeria, the Ministry of Agrarian Policy and Food of Ukraine reported on June 26. The signing of a joint memorandum on the matter took place in London on the sidelines of the Ukraine Recovery Conference. “The … Read more
Western-style robotic systems for demining will be manufactured in Ukraine. The press service of the Ministry of Economy of Ukraine reported this. The department notes that it has signed the relevant Memoranda with the following: In particular, the Ukrainian business will produce equipment components for Hydrema, which will be supplied to the domestic market and … Read more
Ukrainian company Pozhmashina announced a cooperation agreement with Denmark’s Hydrema, the world leader in demining machinery production. The agreement was signed between Pozhmashina CEO Oleh Averyanov and his counterpart at Hydrema Jan Werner Jensen during the Ukraine Recovery Conference 2023 in London. The memorandum of understanding entails the localization of part of the production … Read more
The Ministry of Digital Transformation plans to launch five new services on the state e-services app Diia, Ukrainian Digital Transformation Minister Mykhailo Fedorov said on June 22. “Among them are the long-awaited services for drivers: customs clearance and re-registration of cars in a few clicks. They will have a powerful anti-corruption effect and save a … Read more