Despite war, more new businesses are opening in Ukraine than closing

Since the beginning of Russia’s full-scale invasion, the number of newly registered companies in Ukraine has exceeded the number of businesses that have stopped working by 5.6 times. Rubryka reports, citing the data by the Opendatabot platform that works with open data about Ukrainian businesses and NGOs. Despite all the crises caused by hostilities and … Read more

Almost 209,000 new sole proprietors, 32,000 Ukrainian companies start work during war

In Ukraine, from April 1, 2022 to April 1, 2023, 203,921 thousand sole proprietorships were closed, at the same time, 208,936 new sole proprietorships and more than 32,000 companies were registered, according to the analytical materials of Opendatabot. “Despite full-scale hostilities and blackouts, business in Ukraine continues to develop. At the beginning of April 2023, … Read more

Ukraine plans to build over 30 green biomethane plants

Ten corporations presented the Ukrainian Gas Transportation System Operator with an offer to construct more than thirty biomethane plants. Sydorov writes about this, referring to the company’s Facebook page. The Ministry of Agrarian Policy believes that the development of the biomethane industry will make it possible to abandon the import of gas, which will contribute … Read more

Moldova to join EU in imposing restrictions on Ukrainian imports

Moldova is planning to join the European Union’s decision to restrict imports of agricultural products from Ukraine,  the Moldovan Ministry of Agriculture reported on May 6. The European Commission banned the imports of four Ukrainian products to five EU countries on May 2, citing “severe logistical bottlenecks” in processing those goods. On May 6, Moldovan Agriculture Minister Vladimir Bolea informed his … Read more

BlackRock to support Ukraine Rebuilding Fund

President of Ukraine Volodymyr Zelenskyy has met with the management of the world’s largest asset management company BlackRock. “The parties discussed the details of the creation of an investment fund to restore the economy of Ukraine with the involvement of public and private capital,” the press service of the Office of the President said. Ukraine’s … Read more

Ukraine’s Cabinet issues resolution to replace Ukroboronprom defense concern

The Ukrainian government has issued a resolution on the establishment ofJSC Ukrainian Defense Industry, which is to replace the existing Ukroboronprom state defense concern, the Cabinet reported on May 4. Ukroboronprom officials said this was one of the key steps towards reforming the state sector of the defense industry complex, a report from the Cabinet reads. “Ukroboronprom … Read more

Ukraine’s central bank predicts economy will grow almost 16% in Q2

The decline in Ukraine’s real GDP slowed to 13.5% in Q1 2023, against 31.4% and 30.6% in Q3 and Q4 2022, respectively, the National Bank of Ukraine (NBU) said in its April 2023 Inflation Report. However, according to the NBU, the economy will start recovering immediately, rising by 15.9% from Q2 2023, because of the low base of comparison … Read more

Ukraine and EU agree on mutual recognition of e-signatures

Ukraine has become the first non-EU country to be added to the European Union’s trusted list, enabling the automatic verification of Ukrainian electronic signatures and seals on digital documents within the EU, and the confirming of their validity. Ukrainians will be able to sign European contracts, documents, and applications using the Diia. Sign-EU digital signature, … Read more

Ukrainian agricultural holding Nibulon launches its own humanitarian demining unit

The Ukrainian agricultural holding Nibulon became an operator of the demining action and received the first certificate for humanitarian demining operations. The company reported on Facebook that Nibulon received a Certificate from the Center for Mine Action of the Ministry of Defense of Ukraine for the non-technical survey of territories. Nibulon is one of the … Read more

Ukraine reduces honey export by 16.7% in 2022

Ukraine exported 48,000 tonnes of honey in 2022, which is 16.7% less than a year earlier, the Ukrainian Agriculture Export Association reported. According to its data, the decline in exports in monetary terms was not so significant – by 4.6%, to $137 million. “In recent years, honey has become one of those products that bring … Read more