The USAID Competitive Economy Program in Ukraine has awarded Kormotech a grant, which the Ukrainian pet producer will use to increase production in the country by 22% and create 30 new jobs.
"This grant for medium and large enterprises is an opportunity to strengthen our export capabilities by acquiring Ukrainian-made equipment," said Kormotech COO Igor Paranyak, without disclosing the size of the grant..
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'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.
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.
