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
Tag: Business in Ukraine
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
Ukraine witnessed a significant surge in its agricultural land turnover last year, recording a 58% increase to reach 172.9 thousand hectares, compared to the figures of 2022
The International Monetary Fund (IMF) has revised its global economic growth forecast, indicating a modest improvement for 2024 but cautioning that significant challenges lie ahead
The Ukrainian government has authorized the use of the Dry Estuary water area for mariculture activities, offering a unique opportunity for entrepreneurs through electronic auctions for leasing rights
Kyrylo Budanov, Head of the Main Directorate of Intelligence of Ukraine’s Ministry of Defense, and Emine Japarova, the First Deputy Minister of Foreign Affairs, recently convened with Matsuda Kuninori, the Japanese Ambassador to Ukraine, for a vital operational meeting
Ukraine is successfully reviving its maritime trade, circumventing the Russian naval blockade and reinforcing its influence in the Black Sea, reports The Economist
A collaborative project worth €4.2 million, aimed at developing the fruit and vegetable sector, has been initiated in Ukraine’s Vinnytsia region
Germany’s leading defense company, Rheinmetall, has announced plans to rapidly build a new factory for ammunition production
The International Energy Agency (IEA) reports a growing global investment in nuclear power as countries hasten the transition to a low-carbon economy
On January 26, 2024, Ukrainian President Volodymyr Zelenskyy signed Decree No. 30/2024, establishing the Council on Business Support in Martial Law
The European Business Association (EBA) has outlined seven primary objectives for 2024, focusing mainly on strengthening Ukraine’s journey towards European integration
Ukraine has achieved a significant milestone in its agricultural sector, particularly in sugar production, as stated by Oleksandr Korotynskyi, director of the “Sugar Beet Production” NPC.