Ukraine will become a vital part of the Trans-Caspian International Transport Route, also known as the Middle Corridor, after a ferry service between Ukraine and Georgia is restored, Ukrainian Ambassador to Azerbaijan Yuriy Husyev said. "We expect the ferry service between Ukraine and Georgia to be restored soon,
The Saudi Agricultural and Livestock Investment Company (SALIC), a subsidiary of Saudi Arabia's Public Investment Fund, acquired a 12.6% stake in Ukrainian agricultural producer MHP. SALIC bought 13,514,563 of MHP's global depository receipts on the market, MHP said in a bourse filing on
The Ukrainian State Property Fund (SPFU) auctioned off the iconic Hotel Ukraine in central Kyiv for UAH 2.5 billion ($60.2 million) to local firm Ola Fine. The starting price for the hotel complex, which spans an area of 22,500 square meters, was UAH 1.05 billion, the
The Rebuild Green Hackathon 2024, set to kick off this Saturday, aims to promote sustainability in the reconstruction of Ukraine by giving participants a chance to develop green projects that focus on biomaterials and eco-friendly technologies. Behind the project is the Rebuild Ukrainian Cities Green Initiative, launched by Lithuania-
Ukrainian President Volodymyr Zelensky said his government's "victory plan," drafted to bring peace on terms acceptable to Ukraine, is now ready after weeks of preparation. The plan, which Zelensky pledged to present to US President Joe Biden soon, "has fully prepared – all points, all key
The Czech Republic will help Ukraine rebuild the country's industrial Dnipropetrovsk region, which has been heavily hit by the war with Russia, the Ukrainian Restoration Ministry said in a press release on Tuesday. Prague's help in rebuilding the central Ukrainian region will include energy generation, water
Kyiv-based investment manager MITS Capital plans to raise $50 million for its flagship venture capital vehicle which will invest primarily in seed and Series A rounds for Ukrainian defense startups, co-founder Perry Boyle told PitchBook. The first close on the MITS Lightning Fund is planned for later this
Ukrainian industrial park developer Alterra Group has established its own recruitment agency and considers importing workers from India due to a severe labor shortage caused by military conscription and the refugee crisis in Ukraine, the founder said. "For my company, the labor shortage is quite an issue, as well
Ukrainian canned fish producer Interribflot, known for its Aquamarine brand, plans to raise its production capacity and enter other European markets despite the wartime challenges, co-founder Hryhoriy Lutsai and co-owner Andriy Chuklin said in an interview with UNIAN, published Tuesday. "We see a growing demand for our
Conference Organizer: AHK Ukraine - German Chambers of Commerce Abroad Topics Covered: AHK Ukraine breakfast meeting and interview covering the role industrial parks play in Ukraine’s industrial development and the opportunities they offer for businesses. Speakers Transcribed: AHK Ukraine CEO Reiner Perau interviews Alterra Group Ukraine founder Dmytro Kovalchuk
Germany will provide an additional €100 million in aid to Ukraine this winter, Reuters reported, citing German Foreign Minister Annalena Baerbock. Russia is once again planning a "winter war with the aim of making the lives of people in Ukraine as terrible as possible," Baerbock said during a
Neo-Eco, which produces building materials from war rubble and industrial waste, is building a state-of-the-art laboratory in Ukraine to accelerate product development so it can supply builders during the expected rush of reconstruction when the war ends. The 700-square-meter laboratory, to open soon in
The EU plans to allocate up to €40 billion in new loans to Ukraine by the end of 2024, regardless of US participation, after a G7 plan to use frozen Russian assets to help Kyiv lost momentum, the Financial Times reported, citing unnamed sources familiar with the matter. In June,
Russian President Vladimir Putin has signed a decree to increase the size of Russia's armed forces by 180,000 soldiers, raising the total troop strength to 1.5 million. Putin ordered an increase in the total personnel, including civilian staff, of the Russian army to 2.38 million
Polish Foreign Minister Radosław Sikorski said his country will soon start contributing to the Czech-led initiative for buying shells for Ukraine outside the European Union. Warsaw plans to spend €50 million euros on the initiative in 2024 and another €50 million in 2025, Sikorski said in an interview with
The Ukrainian agricultural holding Prometey will close three of its 28 grain silos and reduce its headcount due to financial difficulties caused by the war and adverse weather, the company said in a statement on Monday. "In the third year, the war also got to the Prometey group of
