Category: 9. Business
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Europe is not interested in returning Ukrainian refugees to their homeland.
Emigration from Ukraine will continue. According to immigration specialist Andriy Haidutskyi, this is influenced by such factors as: High difference in wages. Salaries in Poland are 300% higher, in Britain – 600%, in Germany – 700%, in the US – 1,100%. Continued support, specifically for… Continue Reading
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Half of the economy, and ₴500B in taxes, are in the shadows,
said the head of the Parliamentary Finance Committee, Danylo Hetmantsev. However, he specified that after measures taken by the state, this amount will decrease to ₴420-430B ($10B). At the same time, there are industries, such as trade, where the shadow economy rate is 60-70%. Talking about… Continue Reading
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Ukraine exports about 40 million tons of grain this season, and the shipment rate has increased by 100%.
Deputy Minister of Agrarian Policy Taras Vysotskyi stated: “Due to difficult climate conditions, this year’s harvest is somewhat smaller than last year’s. Also, there are no transitional residues from the previous period this year. Therefore, grain exports are estimated at 40 million… Continue Reading
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The Zhytomyr region is constructing alternative power generation: Turkish investors will build a wind farm.
A Turkish company, Atlas Global Energy, plans to build new wind energy facilities in the Zhytomyr region, reported the head of the Zhytomyr OVA, Vitaliy Bunechko. “We are sure that the new wind power plant project will be another example of our fruitful cooperation and will open new… Continue Reading
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Brave1 defense cluster participants have already received $8M in grants from the state.
According to Minister of Digital Transformation Mykhailo Fedorov, companies registered on the Brave1 platform have already received $8M in grants from the state to develop their technological startups. “About 3,000 companies are registered on the Brave1 platform, 99% of which did not exist… Continue Reading
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The EU is considering two options for gas transit through Ukraine.
Energy ministers from European countries are discussing the import of Russian natural gas against the backdrop of Ukraine’s suspension of transit beginning December 31. Kyiv and Moscow have stated that they are ready to find a solution in which Azerbaijan can be involved. The final decision… Continue Reading
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Ukraine will sell confiscated Russian construction material factories.
The Cabinet of Ministers have allowed the State Property Fund (SPFU) to auction the state’s ownership Aeroc, an aerated concrete production enterprise seized in 2022 from Russian Andrey Molchanov. The starting bid for the state’s 100% share of Aerok is ₴965.3M ($23M). The future buyer… Continue Reading
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For the first time since the beginning of the war, foreign investors have bought a Ukrainian cloud software company.
The Polish ASEE Group, part of the Asseco Group, acquired Ukrainian company Askep.net, a leading provider of healthcare software. This is the first M&A deal with a Ukrainian SaaS company since the beginning of the full-scale invasion, highlighting renewed investor interest in the Ukrainian… Continue Reading
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Europe is changing the vector of its military support to Ukraine: Investments will replace the supply of weapons.
The EU’s recent decision to allocate $440M to Ukraine to support its defense industry indicates a sharp turnaround in the bloc’s approach to Russia’s war. One of the EU diplomats noted: “Europe realizes that it cannot produce the weapons that Ukraine needs, and the easiest way to fill… Continue Reading
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Borrell calls Russian aggression against Ukraine an existential threat to the EU and for investment in defense technologies.
EU High Representative Josep Borrell noted that Russia’s aggressive war is seen as an existential threat to the EU. Therefore, the determination of joint borrowing to finance Ukrainian military support should be carried out quickly while simultaneously strengthening Europe’s competitiveness… Continue Reading