As the experienced CEO of a well-regarded engineering firm in Ukraine, Dan Aspleaf could expect to be extremely busy. After all, the Western world is preparing a Ukrainian reconstruction project that they say dwarfs even the post-WWII Marshall Plan.
Instead, Aspleaf's company finds itself suddenly short of work. And, even in an environment with a severe lack of qualified labor and an abundance of work that needs doing, he may be forced into downsizing.
Tetra Tech, the global consulting and engineering firm, has laid off dozens of workers in Ukraine and faces tens of millions of dollars in costs locally due to the USAID cuts, including a payment freeze on work completed, according to sources familiar with the matter. The company is one of
FortuneGuard, a Ukrainian InsureTech startup that has developed an AI-powered war risk insurance solution for Ukraine, is now in talks to raise capital and take the model to new markets and product lines. The solution, launched in partnership with UK reinsurance broker McGill and Partners and ARX Insurance, a Ukrainian
The following news article was produced in a partnership between Ukraine Rebuild Newswire and top 10 global law firm CMS. Much of the article is based on CMS' "Prosthetics Market in Ukraine" report, available here. Some 60,000 Ukrainians have lost limbs in three years of war,
During a visit to Canada to attend a G7 meeting as a guest, Ukrainian Finance Minister Sergii Marchenko met with Canadian businesses and took part in a roundtable with the country's leading pension and investment funds to discuss their potential involvement in Ukraine's reconstruction, Ukraine'
The European Commission disbursed nearly €2.8 billion to Ukraine on Monday to help finance the state budget and maintain public services as the country continues to defend itself against Russia's invasion.
The governors of the European Bank for Reconstruction and Development (EBRD) reaffirmed Ukraine as the bank's top priority, pledging continued support for the country during the war and its future reconstruction, while also backing increased assistance for economies affected by conflict in the Middle East.
Switzerland has launched a new call for investment projects involving Swiss companies in Ukraine, making up to 50 million Swiss francs ($61 million) available to help finance reconstruction and economic recovery efforts, the Swiss government said on May 28. The initiative targets Swiss companies with an established presence in Ukraine
The European Bank for Reconstruction and Development (EBRD) and the European Union are expanding a major financing programme for Ukrainian businesses, with a new package of guarantees, grants, and technical assistance expected to unlock up to €2 billion in lending through local banks.
