Category: 9. Business
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Epicentr will increase the capacity of the ceramic tile production plant in the Kyiv region to 12.5 million square meters per year.
The Epicentr group of companies is completing the installation of a new production line at the Kalynivka, plant in the Kyiv region to increase its production capacity to 12.5 million square meters per year. Currently, three production lines with an annual capacity of 9.5 million square meters… Continue Reading
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Ukraine needs an additional 4.5 million workers for its GDP to grow by 7%.
The demographic situation in Ukraine, particularly the availability of labor resources, is one of the most critical factors that is currently affecting the economy today and will affect the dynamics of its growth in the future. Due to the war, the departure of Ukrainians abroad, and internal… Continue Reading
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The Prime Minister of the United Kingdom promises to increase efforts to support Ukraine; Zelenskyy asks permission for strikes in Russian territory to protect civilians.
UK Prime Minister Keir Starmer has pledged that his country will “double down” on its backing of Ukraine. He stated that Ukraine has the “unwavering support of the United Kingdom” and that Russia’s aggression is “unforgivable and cannot go unpunished.” President Zelenskyy appealed… Continue Reading
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The UK will provide credit support for the Ukrainian military industry worth £2B.
The United Kingdom and Ukraine have signed an intergovernmental agreement on official credit support for developing Ukrainian defense capabilities. The agreement will allow the start of Ukrainian-UK projects, including repairs and partial production of air defense systems, armored vehicles, and… Continue Reading
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Slovakia threatens to suspend the supply of petroleum products to Ukraine over sanctions against Russian Lukoil.
Slovak Prime Minister Robert Fico spoke over the telephone with his Ukrainian counterpart Denys Shmyhal, during which he criticized the inclusion of the Russian company Lukoil, whose oil is also used by the Slovnaft refinery, on the sanctions list. Fico considers these sanctions “senseless”… Continue Reading
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Ukrainian and Polish businesses sign a cooperation agreement in Warsaw.
More than 200 representatives of Ukrainian and Polish businesses met in Warsaw as part of the Business in the City event. The parties signed an agreement on cooperation between Diia.Business in Warsaw and the Polish-Ukrainian Chamber of Commerce, PUIG. Diia.Business in Warsaw provides free… Continue Reading
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Since the beginning of the year, Ukraine has increased its export of agricultural products by 5%.
According to the Ukrainian Agricultural Export Association, in the first half of the year exports of agricultural products from Ukraine amounted to about $12.4B, 5% more than in the corresponding period of 2023. It is noted that revenues from the export of meat and meat by-products increased by… Continue Reading
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A large fertilizer producer has built its own 30 MW power generation plant and loaded production at 100%.
Rivneazot has completed the construction of its electricity generation facility, and 100% loading of production capacities has been achieved. The enterprise can now produce up to 30 MW/h of electricity. In addition, by importing electricity Rivneazot was able to launch a second unit to produce… Continue Reading
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The EU will provide Ukrenergo a €100M grant for the energy system’s restoration and protection.
State energy company Ukrenergo and the German State Development Bank KfW in Ukraine signed a €100M grant agreement. It is noted that the EC authorized KfW to direct the funds from the special EU budget program Ukraine Investment Facility to Ukrenergo. The grant financing will help to… Continue Reading
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Ukraine has fulfilled more than 50% of the IMF’s requirements and received $10.2B from the IMF since the beginning of the war.
As Minister of Finance, Serhiy Marchenko noted: “The Government of Ukraine, the National Bank of Ukraine, and other authorities have so far implemented 23 structural beacons out of 37 stipulated by the IMF.” Among them, 14 implemented beacons are related to the fiscal sector. Ukraine’s… Continue Reading