According to Ukraine’s Minister of Agrarian Policy and Food Mykola Solskyi estimates, farmers will not be able to fully use 1-1.5 million hectares of agricultural land due to the destruction of the Kakhovkay Hydroelectric Power Plant (HPP). The minister said this on the air of the national telethon, the press service of the ministry reports. … Read more
Coca-Cola’s official bottler in Ukraine, Coca-Cola Beverages Ukraine, is on track to reach pre-war production and distribution volumes in 2023, Volodymyr Choban, Director of Logistics at Coca-Cola HBS, said on June 9, news agency Interfax-Ukraine reports. “In 2021, it was 120 million unit cases (of all products, including imported ones),” he said. “In 2023, we … Read more
Ukraine’s real GDP in the first quarter of 2023 increased by 2.4% compared to the fourth quarter of 2022, according to Economy Minister Yulia Svyrydenko. “Such data indicates that the economy of Ukraine is adapting and recovering at a faster pace than previously predicted. It continues to work and overcome the challenges of war,” said … Read more
Since the beginning of the full-scale war in Ukraine, on February 24, 2022, at least 21 IT companies with Ukrainian roots started operating in Poland. This is reported by the portal DOU.eu. Currently, these companies employ 870 specialists in Poland, mainly in Warsaw, Kraków, and Wrocław, and more than 15,000 globally. Among the companies with … Read more
The European Union will gradually lift its ban on imports of certain agricultural products from Ukraine to Poland, Hungary, Romania, Bulgaria, and Slovakia by Sept. 15, the press service of the European Commission has said. The restrictions will be reduced from 17 to 6 tariff lines for four products — wheat, maize, rapeseed, and sunflower … Read more
Ukraine’s state postal service, Ukrposhta, announced a new mail shipment– PRIME Small Package to the United States. U.S. postal operator USPS joined a coalition of 67 countries to which such packages have been shipped since April 1, including Canada, the UK, Germany, Australia, France, and others, the company said. “The Small Package is a very … Read more
Oleksandr Kolb, founder, and member of the Supervisory Board of Kharkiv IT Cluster, CEO of Promodo, together with his partners Taras Kirichenko (financier, chairman of the Supervisory Board of Nova Poshta) and Igor Shoyfot (TMT Investments) launched a syndicate of private investors called Toloka.vc. As the founders explained, the purpose of creating the syndicate is … Read more
The Ukrainian parliament has passed a law reviving large-scale privatization and enabling state property to be leased for up to five years to private entities. The law also allows the State Property Fund of Ukraine (SPFU) to manage sanctioned assets, SPFU said in a message on its website on May 30. The SPFU will have the authority … Read more
NJSC Naftogaz Ukrainy has reached agreements with investors on the restructuring of two issues of eurobonds maturing in July 2022 and November 2026. According to the company’s press release, this was announced by Head of Naftogaz Ukrainy Oleksiy Chernyshov, following a meeting with eurobond holders on May 31, 2023. Detailed restructuring proposals have also been … Read more
The International Monetary Fund (IMF) has upgraded real Ukraine’s GDP growth for 2023 to a range of 1% to 3% against the previous range of -3%to +1%, although the outlook remains highly uncertain as the war continues, IMF’s envoy to Ukraine, Gavin Gray, said on May 30. “The Ukrainian economy has shown remarkable resilience – economic activity … Read more