Ukrainian IT export revenue can reach up to $7.18B in 2023

There are around Ukrainian 307,6k IT specialists, with nearly 242 thousand currently located in Ukraine. In general, Ukrainian IT industry provides for 4.9% of the country’s GDP, according IT Research Ukraine. There are a total of 307600 Ukrainian IT specialists. As of August 2023 only 242000 of specialists are currently located in Ukraine. But the … Read more

Interpipe loses $1.2 mln due to blockade of Polish-Ukrainian border in Nov – logistics director

The Ukrainian industrial company Interpipe, due to the blockade of the Polish-Ukrainian border in November of this year, received a total loss or additionally spent $1.2 million, Oleksiy Yanovsky, director of procurement and logistics of the group, told Interfax-Ukraine in response to the corresponding request. “Under the blockade of the Black Sea ports, the main … Read more

Bulgaria opens doors to licensed Ukrainian agricultural imports

Bulgaria has permitted licensed imports of Ukrainian sunflower, rapeseed, corn, and wheat, the Bulgarian Ministry of Agriculture and Food said in a post on its website on Nov. 30.   Agriculture ministers Kiril Vatev of Bulgaria and Mykola Solskyi of Ukraine agreed on implementing a licensing regime for the export of these agricultural products during … Read more

Ukraine setting record for soybean exports, it could reach 560,000 tonnes per month – analysts

Ukraine has already exported 425,000 tonnes of soybeans in 20 days of November. If exports this month reach 560,000 tonnes, this will be an absolute record for all of the years of Ukraine’s independence, according to a weekly briefing on November 22 at the Pusk analytical cooperative, created within the framework of the Ukrainian Agrarian … Read more

One day of downtime at Ukrainian-Polish BCPs costs exporting companies UAH 1 mln – EBA

One day of downtime due to a strike of Polish carriers at Ukrainian-Polish border crossing points (BCPs) costs an exporting company UAH 1 million, the European Business Association (EBA) reported based on the results of an express survey of 55 participating companies. According to the study, the total estimated amount of damage caused to the … Read more

Slovakia hesitant to lift ban on Ukrainian grain imports

Bratislava awaits proposals from the European Commission on a systematic solution to Ukrainian grain import issues, Slovakian Agriculture Minister Richard Takach said on Nov. 21. Slovakia’s unilateral ban on Ukrainian grain imports will remain in place until Brussels offers a systematic solution to the influx of Ukrainian agricultural products in Europe, Takach said during a … Read more

Ukraine initiates insurance of ships against war risks

The Ukrainian government has established a new mechanism for insuring ships against war risks, significantly reducing insurance premiums for carriers involved in maritime imports and exports to and from the country. In early November, the Cabinet of Ministers approved a decision to guarantee the safety of navigation and promote the stability of maritime transport. “Ship … Read more

Zelenskyy initiates extension of ban on Ukrainian gas exports until late 2024

Ukrainian President Volodymyr Zelenskyy is initiating the extension of the ban on the export of natural gas of Ukrainian origin until the end of 2024. The instruction to the Cabinet of Ministers is enshrined in President’s Decree No. 737/2023 dated November 7, 2023, which put into effect the decision of the National Security and Defense … Read more

Ukraine tightens restrictions on grain exports

Tightening regulations on grain exports, the Cabinet of Ministers has amended the rules governing the export of agricultural products from Ukraine. The decree was published on Oct. 31, outlining a pilot project for verifying entities within the agro-industrial complex during martial law. The key provisions of the document are centered on entities engaged in the … Read more

Rules for export of agricultural products to be changed in Ukraine

The Cabinet of Ministers of Ukraine has decided to change the rules/procedures for the export of agricultural products; the government plans to publish the corresponding government resolution this Monday, the press service of the Ukrainian Grain Association (UGA) has reported. “The coordination council under the Ministry of Agrarian Policy and Food decided to work out … Read more