The main supplier of fresh dairy products to Ukraine in June 2023 remains Poland, whose share in the total structure of imports is 69%, the Infagro analytical agency said. According to analysts, Ukraine did not increase imports and exports of new dairy products at the beginning of summer. “Traditionally, the lion’s share, 88%, of production … Read more
Turkish drone manufacturer Baykar received license permits from Turkey to establish the production of two types of drones in Ukraine — Bayraktar TB2 and Akıncı. CEO Haluk Bayraktar said this in an interview with the Turkish publication Akit. “We have received relevant license permits from Turkey for the full production of Bayraktar TB2 and Akinci … Read more
Ukraine aims to increase its gross domestic product (GDP) from $161 billion to $1 trillion in ten years, among other reasons, to maintain a 500,000-strong military, says Economy Minister Yuliia Svyrydenko on June 22. The higher budget will also be used to develop the social sphere, education, and healthcare, Svyrydenko said at the Ukraine Recovery … Read more
In January-April 2023, Ukraine reduced electricity generation by 19.4% (by 8.8 billion kWh) year-over-year, to 36.5 billion kWh. This is stated with reference to the data of Ukrenergo in the report on the assessment of energy damage to Ukraine, prepared under the United Nations Development Programme (UNDP) and the World Bank. However, compared to the … Read more
Investors in Ukraine are now being offered guarantees to insure against military risks, thanks to the Multilateral Investment Guarantee Agency (MIGA), Ukrainian Economy Ministry said in a message on its website on June 21. The provision of these guarantees is facilitated through the Ukraine Relief, Recovery, Reconstruction, and Reform Trust Fund (URTF), while MIGA itself … Read more
Five major companies have shown interest in concession projects at the Chornomorsk Seaport on the Black Sea coast in Odesa Oblast, Ukraine’s Infrastructure Minister Oleksandr Kubrakov said at the Ukraine Recovery Conference in London on June 21. “In collaboration with the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD), we’re … Read more
Ukraine can become one of Europe’s key suppliers of green energy, Ukrainian President Volodymyr Zelenskyy said on June 21. In a video address to the Ukraine Recovery Conference taking place in London, UK, the Ukrainian president said he believes that there is no alternative to the green transformation of the economy, as Russian aggression has … Read more
The Ukrainian defense sector will likely experience a “boom” in investment and growth after the war with Russia ends, Ukrainian PM Denys Shmyhal said at the Ukraine Recovery Conference in London on June 21. “European global companies are already considering the possibility of building production sites in Ukraine,” said Shmyhal. “We anticipate a genuine boom … Read more
President Volodymyr Zelenskyy signed laws Nos. 9275 and 9276, exempting unmanned aerial vehicle (UAV) components from value added tax and import duty during the war, Deputy Prime Minister and Minister of Digital Transformation Mykhailo Fedorov said on Telegram on Tuesday. “President Volodymyr Zelenskyy signed bills to abolish VAT and import duties on drone components. Importers … Read more
The Ukrainian-made Sapsan long-range missile system is 70% complete but its finalization requires approximately $500 million, Ihor Krol, the head of the Western Ukrainian Association of Defense and Industrial Complex Enterprises, said on on June 18. Ukraine decided to develop the Sapsan system, inheriting the Borysfen project from the 1990s, back in 2006. The system, … Read more