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
Tag: Business in Ukraine
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
“Ukrgazvydobuvannya,” a subsidiary of Naftogaz of Ukraine, has successfully commenced operations at two new high-capacity gas wells this week, each delivering a substantial output of 550,000 cubic meters of gas daily
Haluk Bayraktar, CEO of Turkish defense company Baykar, announced that the new Bayraktar drone manufacturing facility near Kyiv will employ around 500 individuals
Rheinmetall, a leading German arms manufacturer, is set to bolster Ukraine’s Armed Forces with a significant supply of ammunition, armored vehicles, and air defense systems in the upcoming years
In January 2024, Ukraine set a new record for physical export volume since the onset of the large-scale invasion, with domestic manufacturers exporting 12 million tons of products, as reported by the Ministry of Economy
Yulia Svyridenko, alongside other Ukrainian and Turkish officials, discussed ongoing Turkish investments in various sectors in Ukraine, despite the war
Ukraine has initiated the State Register of Sanctions, a comprehensive database now containing 17,202 individuals and legal entities deemed subject to sanctions
On February 1, 2024, Turkey announced its decision to invest in the development and reconstruction of Ukraine’s port infrastructure, marking a significant step towards enhancing maritime logistics and connectivity between the two nations
Ukraine is actively enhancing its defense collaboration with the Czech Republic, the Netherlands, and Denmark, focusing on areas of arms production and defense procurement