Tag: Business in Ukraine

An Estonian defense company, Frankenburg Technologies, is set to begin manufacturing missile systems in Ukraine aimed at defending against drones

In a major privatization move, the iconic “Ukraine” hotel, situated in the heart of Kyiv, was sold at an online auction for 2.5 billion hryvnias, significantly surpassing its starting price of 1.047 billion hryvnias

Ukraine’s economy demonstrated a growth acceleration to 3.5% [±1%] in August 2024

Ukraine has taken a significant step towards overhauling its customs system with the adoption of draft law No. 6490, “On Amendments to the Customs Code on the Introduction of Certification of Officials of Customs Authorities.”

The Ministry of Environment in Ukraine is set to create a comprehensive plan to adapt the agricultural sector to climate policy by 2026

The private company “Ukrainian Armored Vehicles” is set to construct a new factory in Ukraine dedicated to the production of artillery ammunition

As the conflict in Ukraine continues, foreign investors are cautiously returning to the country. Although the amounts are not yet at pre-war levels, there is a notable resurgence in foreign direct investment (FDI) and private foreign investments (PrII)

Ukrainian producers now have the opportunity to export biomethane to the EU energy market, thanks to a newly enforced procedure for customs clearance

The Strategic Investment Council of Ukraine, chaired by Prime Minister Denys Shmyhal, has approved a unified portfolio encompassing 750 public investment project concepts

The Ukrainian Cabinet of Ministers has submitted the draft state budget for 2025 to the Verkhovna Rada

DTEK has announced plans to invest €140 million in the construction of energy storage facilities with a total capacity of 200 MW

The International Atomic Energy Agency (IAEA) is set to increase its monitoring presence in Ukraine by extending its missions to critical infrastructure facilities that impact the safety of nuclear power plants

On Friday, September 13, Poland’s Minister of Foreign Affairs, Radosław Sikorski, made a visit to Ukraine

Lithuania is set to enhance its support for Ukraine in the production of weapons, including long-range drones, as discussed in a meeting between Ukrainian President Volodymyr Zelensky and Lithuanian President Gitanas Nausėda on September 12

Ukrainian farmers are increasingly turning to hemp cultivation for industrial purposes, with expectations that the area dedicated to this crop could expand to 8,000 hectares by 2025

In August 2024, the cargo turnover at Ukrainian sea ports reached 7 million tons, more than double the 3.3 million tons recorded in August 2023

US Secretary of State Anthony Blinken and UK Foreign Minister David Lammy will visit Ukraine on Wednesday, September 11, 2024, the US State Department has confirmed

The United States and the International Atomic Energy Agency (IAEA) have agreed to provide expanded assistance to Ukraine in the area of nuclear security

In a move aimed at enhancing Ukraine’s air defense capabilities, the United States has begun working with Ukraine to develop missiles compatible with Soviet-era air defense systems

Zelensky made the statement while addressing an economic forum in Italy

The Ukrainian government has made a pivotal decision to open the domestic market for explosives and detonators, enabling a faster and more scalable production of ammunition

Between January and July 2024, Ukraine’s shellfish exports surged by 50.4% compared to the same period last year, reaching 704 tons

Deputy Galina Yanchenko has stressed the critical need to liberalize the export of Ukrainian-made weapons. She believes this move will help defense companies generate profits and invest in further development

More than 600 manufacturers have joined Ukraine’s “National Cashback” state program, registering 63,000 products within just two days of its testing phase