(Below is the introductory article in a URN series, to be published over the coming weeks, on medical and industrial cannabis in Ukraine, its potential uses in the reconstruction of the country and the possibilities for foreign investors.) Today, Aug. 16, the law regulating cannabis in Ukraine changes. The new
At least 1,646 medical facilities have been damaged and 215 have been completely destroyed in fighting in Ukraine since Russia's full-scale invasion of February 2022, Ukraine's Health Ministry said. At the same time, 587 ambulances have been destroyed, damaged or seized by Russian forces.
Ukraine's government has approved a plan to boost renewable energy to account for 27% of all energy consumed in the country by 2030, with a total investment of $20 billion. The sector will add 10 gigawatts of new generation capacity within six years, bringing the portion of renewables
The European Bank for Reconstruction and Development (EBRD) has agreed to lend €70 million to help Nova Post, a private Ukrainian postal and courier company, expand and upgrade operations. The loan aims to help the company expand its parcel locker network by 25% and start running it 24 hours a
Fitch downgraded Ukraine's credit rating to Restricted Default after the country temporarily defaulted on its 2026 Eurobond payment as part of a $20 billion debt restructuring plan. The ratings agency cut Ukraine's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to 'RD' from
Ukraine received a €4.2 billion transfer under the European Union's €50 billion Ukraine Facility package of grants and loans aimed at helping rebuild the country, Economy Minister Yulia Svyrydenko has said. The payment comes after Ukraine met nine conditions for the payment, including digitizing the customs service,
Ukraine's deputy energy minister and three others have been arrested for allegedly accepting a $500,000 bribe in exchange for the transfer of state-owned coal mining equipment, state anti-corruption authorities said. Ukraine's National Anti-Corruption Bureau (NABU) alleged that Deputy Energy Minister Oleksandr Kheil,
Foreign citizens have opened 3,075 companies in Ukraine since the full-scale Russian invasion of February 2022, led by company openings in wholesale trade, according to company registration data. The data, tracked by analytics firm Opendatabot, shows Turkish citizens were the most likely to start companies in Ukraine, with
Cement production by Ukrainian manufacturers jumped 24.4% in the first half of 2024 compared to the same period last year as the need for reconstruction materials increases with war damage. Output rose to 3.8 million tons between January and the end of June this year, Ukrcement, the national
A German-supported program to teach Ukrainians skills needed to rebuild their country has finished training 1,200 people and plans to raise that number to 2,000 by the end of the year, Ukraine's Economy Ministry said. The Skills4Recovery program, administered by the German state-run Deutsche
Olympic victories have helped position the reconstruction of Ukraine's sports program as a fundamental part of the $500 billion-$1 trillion physical rebuilding of the country after the war, say sports figures and government officials.
Ukraine's Health Ministry appointed representatives of the UNDP, Unicef and the Embassy of Lithuania to a committee overseeing the rebuilding of a missile-struck children's hospital after complaints of poor transparency thwarted an earlier attempt at reconstruction. Representatives of the three bodies are among the first
Kyivstar, Ukraine's largest mobile operator, said it boosted investments by 63.1% year-on-year in the second quarter of the year to rebuild and upgrade the country's war-damaged telecommunications network. The company, which has 23 million mobile subscribers, said it invested UAH 2.275
Some 43% of German companies in Ukraine plan to increase their investment in the next 12 months, according to a survey by KPMG Deutschland and AHK Ukraine - German-Ukrainian Chamber of Industry and Commerce. The survey of 142 companies showed 49% planned to leave their investments unchanged over the next
Compiling a directory of law firms doesn't sound very ominous. But add a full-blown Russian invasion, missile attacks, air raid alarms and constant power outages, and you start to get the idea of the challenge of putting together the 21st edition of Ukrainian Law Firms for Foreign
The Ukrainian government has changed regulations to let foreign companies with offices in Ukraine carry out construction of more complex or sensitive buildings, such as malls, hospitals and factories under a simplified procedure. Foreign companies with representative offices or separate divisions in Ukraine will be allowed to build structures classified
