The European Union’s Foreign Affairs Ministers have reached a consensus to allocate an additional €5 billion in military aid to Ukraine from the European Peace Fund, as confirmed by the Ministry of Foreign Affairs of Ukraine
Tag: Business in Ukraine
US Senator Lindsey Graham has made a visit to Kyiv on March 18, as announced by the US Embassy in Ukraine
The Cabinet of Ministers of Ukraine has officially approved the procedure for providing compensation for the construction of engineering and transport infrastructure facilities by investors undertaking significant investment projects
Rheinmetall, a leading German defense contractor, has announced plans to construct four manufacturing facilities in Ukraine, aimed at producing projectiles, military vehicles, gunpowder, and air defense systems
The National Bank of Ukraine has decided to reduce the discount rate from 15.0% to 14.5% per annum starting from March 15, 2024
The State Statistics Service of Ukraine revealed the financial performance of Ukrainian enterprises for 2023, showcasing a dominance of state-owned entities among the top revenue earners, with 7 out of the top 10 positions
In a strategic move to bolster Ukraine’s defense capabilities amid ongoing conflicts, France has announced plans to establish weapon manufacturing operations within Ukraine
On March 8, 2024, Ukraine implemented the “Law on Amendments to Certain Legislative Acts of Ukraine Regarding the Improvement of Corporate Governance in Legal Entities where the State is a Shareholder (Founder, Participant).”
Ukraine’s Prime Minister, Denys Shmyhal, has declared the country’s readiness to manufacture over one million drones annually, emphasizing the Ukrainian business sector’s capacity to meet and exceed this production target
Since the onset of the full-scale invasion by Russia on February 24, 2022, over 775 Ukrainian companies have ventured into the Romanian market, with more than 300 of these expansions occurring since the beginning of 2023 alone
Ukraine has successfully established five joint ventures with leading Western arms manufacturers, highlighting the nation’s active collaboration with global defense industry leaders
Argentina’s President Javier Millay plans to organize a summit of Latin American countries in support of Ukraine, a move that distinguishes him from other regional leaders who maintain a more neutral stance on the conflict
On February 28, Ukrainian President Volodymyr Zelenskyy, along with the Albanian head of state, chaired a summit in Tirana, Albania, involving leaders from thirteen Southeast European countries and representatives of the European Union
Shares of MBP(Myronivski bread product), one of the leading poultry producers, saw a 3.1% increase, equivalent to $0.10, reaching $3.30 per share on the London Stock Exchange from February 19 to 23
Horizon Capital’s Growth Fund IV has successfully raised $350 million in its final funding round, surpassing its original target by $100 million
The Ukrainian defense conglomerate Ukroboronprom has signed an intent agreement with the Czech company Česká zbrojovka a.s., a subsidiary of Colt CZ Group SE, for a license transfer that will enable the assembly of NATO-standard rifles, specifically the CZ BREN 2 model, in Ukraine.
Chord Energy and Enerplus have announced a merger, forming a new oil and gas company valued at $11 billion
In 2023, Ukraine witnessed a record-breaking number of new sole proprietorships (FOPs), with nearly 315,000 registrations
Over a recent weekend, a record was set as 32 ships navigated out of the Great Odesa port region through the designated sea corridor
European traders have garnered approximately $320 million in profits by utilizing Ukraine’s underground gas storage facilities, as highlighted in a report by The Economist
Ukrnafta PJSC, Ukraine’s leading oil production company, has announced the commencement of three exploratory drilling operations in the western part of the country
An International Monetary Fund (IMF) delegation has landed in Kyiv, Ukraine, to commence negotiations with Ukrainian government officials and international partners
On February 8, 2024, Ukraine and the United Kingdom took a significant step towards strengthening their trade relations
DTEK has made a strategic acquisition to improve the efficiency of oil and gas exploration and development