South Korea's agricultural machinery company Daedong said it has signed a three-year agreement to export tractors worth KRW 30 billion ($21.5 million) to Ukraine.
In a press release on Thursday, Daedong described the move as a "full-scale entry" into the Ukrainian agricultural machinery market worth $715 million.
Ukraine is hoping that the European Union (EU) will retain a temporary suspension of tariffs and quotas on agricultural trade with the war-torn country after June 5, after the expiry of the so-called Autonomous Trade Measures (ATM) is set to expire, Ukraine's Deputy Minister of Economy
The European Union (EU) could temporarily reintroduce tariffs and quotas in its agricultural trade with Ukraine if a new deal is not ready to start when the war-related tariff breaks end on June 5, Reuters reported on Wednesday, citing unnamed diplomats.
Ukraine is already closely connected to the European Union's economy, research community, and industrial sector, but it is not yet getting the full benefit of those ties, according to a recent report by the United Nations Industrial Development Organization (UNIDO). The study found that the EU accounts for
Ukraine's finance ministry and Switzerland's State Secretariat for Economic Affairs (SECO) have signed a memorandum of understanding to launch the Fiscal Governance for Local Reconstruction and Recovery (FG4R) project. The four-year initiative aims to strengthen public financial management at national and local levels to support
Ukraine has received €236 million in loan financing under the World Bank's Public Expenditures for Administrative Capacity Endurance (PEACE) project, Ukraine's finance ministry said. The funding was extended by the International Bank for Reconstruction and Development (IBRD) under a guarantee from the Swedish government, the finance
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.
