Glovo is transforming its presence by increasing investment, expanding product categories, and shifting its focus from a food delivery service to a universal marketplace, said Glovo co-founder Sasha Misho. Last year, Glovo’s Ukrainian office revenue increased by a…
Category: 9. Business
-
Investors put millions into Ukrainian breweries in the Khmelnytskyi and Ternopil regions.
Businessman Dmytro Oliynyk and his partners acquired a controlling stake in the Khmelnytskyi Regional Brewery. “We bought 78% of the shares. The buyer was Kostopil Glassworks,” he said. According to him, between 2025 and 2027 ₴250M ($6M) will be invested in the…
Continue Reading
-
One of the largest private investments in livestock farming in a decade: An IT entrepreneur plans to build a $20M dairy farm.
The Antimonopoly Committee of Ukraine (AMCU) has approved several deals that will allow one of SoftServe’s founders, Taras Kytsmey, to enter the dairy industry. The deal involves acquiring control of the assets of Mountain Milk and Mukko Milk, with an estimated…
Continue Reading
-
Zelenskyy proposes new deals to Trump at the NATO Summit.
President Volodymyr Zelenskyy discussed purchasing American air defense systems and collaborating on drone production with US President Donald Trump.
“Ukraine is prepared to buy this equipment and support American arms manufacturers. The Ukrainian leader added that…
Continue Reading
-
What support will Ukraine obtain from the decisions made at the NATO summit in The Hague?
NATO Secretary General Mark Rutte mentioned in his closing speech that military aid to Ukraine this year might exceed the record $50B provided last year. He highlighted that the primary goal remains to ensure Ukrainian forces stay combat-ready, which is essential for…
Continue Reading
-
Ukraine’s public debt increased by $1B in a month. The government is preparing to restructure a Chinese loan.
In May, Ukraine’s total public and state-guaranteed debt increased by $1B to $180.97B, reported the Ministry of Finance. Most of the debt is external, totaling $134.48B, which makes up 74.3% of the overall debt. Domestic debt stands at $46.48B. In April, the IMF…
Continue Reading
-
Payoneer and WIN-WIN EDIH join forces to support Ukrainian startups.
Fintech company Payoneer, which serves businesses worldwide, and the European Digital Innovation Hub WIN-WIN EDIH, established in Ukraine under the EU’s Digital Europe program with a total budget of €7.9B, have announced their collaboration. The goal is to help…
Continue Reading
-
Ukraine’s allies have identified the prerequisites for ending the war, and Italy urges the US to be more decisive.
The foreign ministers of the Nordic countries, during the NATO summit in The Hague, called for an immediate and unconditional ceasefire in Ukraine to pave the way for negotiations on a lasting and just peace. They emphasized that two things are needed for a quick…
Continue Reading
-
Large businesses in Ukraine have increased their investments in energy storage facilities.
Currently, 75% of the lending for large business projects that are underway at Ukrainian banks involves energy storage facilities (ESF), indicating strong investor demand for this technology amid declining interest in gas generation, said Oschadbank top manager Yevhen…
Continue Reading
-
Only one country is blocking negotiations on Ukraine’s EU accession.
The EU is close to reaching a consensus on starting accession talks with Ukraine, with Hungary being the only country currently opposed. Twenty-six of the 27 EU members believe Ukraine deserves to begin negotiations not only because it meets the requirements but also due…
Continue Reading