Ukraine’s labor market is showing signs of rebounding after the number of job vacancies increased by 14% compared to February, according to an analytical study by the Work.ua portal released on April 6. Demand in the hospitality and tourism sectors showed the fastest signs of growth. Even Ukraine’s frontline regions are showing signs of heating up, with … Read more
Minister of Energy of Ukraine Herman Haluschenko signed an administrative document authorizing to start the process of resuming the export of electricity in the conditions of a surplus of generating capacity. “The Ukrainian energy system has been operating for almost two months without restrictions of consumers with a reserve of power. We have achieved this … Read more
The world’s largest offshore drilling company, Schlumberger Limited, aka SLB, has been listed as an international sponsor of war by the National Security and Defense Council of Ukraine (NSDC), the National Agency for Prevention of Corruption (NACP) reported on April 7. This designation was applied due to SLB’s expansion of its business with Russia, in contrast to … Read more
Farmers in Poland are dissatisfied with Ukrainian grain imports flooding the market, to the point of threatening to blockade the Dorohusk-Jagodzin border crossing in protest, Polish news outlet RMF24 reported on April 7. According to the report, the activist farmers plan to block the crossing on April 12-15, after increased grain imports from Ukraine led … Read more
Citing a negative outlook, the S&P Global Ratings agency has downgraded Ukraine’s long-term foreign currency sovereign credit rating to CCC from CCC+, the agency reported on April 6. The rating change was triggered by Ukraine’s official announcement that it is restructuring its foreign currency external debt to restore sovereign debt sustainability, as part of the recently … Read more
Ukrainian ride-sharing taxi service Uklon plans to launch services in new foreign countries soon, company COO and co-founder Serhii Smus told Liga.net on April 7. “We have been hesitating to expand for a long time,” Smus said. “In May 2022, we planned to enter the first country, the first of three countries in 2022. In another country … Read more
S&P Global Ratings lowered the long-term foreign currency rating on Ukraine to ‘CCC’ from ‘CCC+’, the outlook on the foreign-currency rating is negative and that on the local-currency rating is stable, the agency said on its website. “The rating action follows Ukraine’s official announcement that it will restructure its foreign currency external debt to restore … Read more
The European Union funds the implementation of two hydrogen valleys in Ukraine’s Zakarpattia and Odesa regions, the state’s Hydrogen Council reports. Ukrainian Hydrogen Council notes that funds from the EU will be directed to research into the production of green hydrogen in the Zakarpattia and Odesa regions. According to preliminary estimates, at least 220,000 tons … Read more
The Ukrainian economy is now expected to grow by 0.5% in 2023, and by 3.5% in 2024, according to a revised economic outlook forecast published by the World Bank on April 6. Back in January, the World Bank predicted Ukraine’s GDP growth by 3.3% in 2023, and by 4.1% in 2024. Furthermore, the organization notes … Read more
Despite the crisis in the Ukrainian IT industry, its companies are currently showing increased activity in the job market, according to Opendatabot’s report on April 6, which cites Djinni, a popular Ukrainian job search platform specializing in IT and tech jobs. In March, companies posted 15,000 job vacancies, which is 1,500 more than in February, although less … Read more