Kyiv's ministry of environmental protection and natural resources and Finland's Environment Institute (SYKE) have allocated €2 million for conducting an environmental damage assessment and monitoring of water quality and biodiversity in Ukraine. The Finnish ministry of foreign affairs will fund the project, which will run from
The National Anti-Corruption Bureau of Ukraine (NABU) opened a criminal case investigation involving the country's Defence Minister Rustem Umerov, which could worsen a dispute within the ministry over arms procurement, Reuters reported, citing NABU. The investigation — which was requested by a corruption watchdog — would look into allegations
The Korea International Cooperation Agency (KOICA), which coordinates aid for the South Korean government, aims to help rebuild and upgrade a missile-damaged children's hospital in Kyiv and a veterans' center, Ukraine's Deputy Minister of Health Edem Adamanov said. The first project, "Strengthening the
The National Bank of Ukraine (NBU) is exploring the possibility of launching its own retail digital currency (CBDC), the e-hryvnia, with a pilot project currently in preparation, NBU Deputy Chairman Oleksiy Shaban said. According to Shaban, the e-hryvnia is intended to complement, not replace, cash and bank account
The UK has named MP Alex Sobel, who has served since 2017 as a member of parliament for the Labour Party, as trade envoy to Ukraine, the UK embassy in Kyiv said on Wednesday. "He will focus on identifying trade and investment opportunities for British businesses and promoting the
Ukraine has seized UAH 2.11 billion ($50.3 million) worth of raw materials from Russian aluminum tycoon Oleg Deripaska, two years after blocking their export, the Security Service of Ukraine (SSU) said on Wednesday. The SSU reported that nearly 500,000 metric tons of bauxite and alumina, stored at
Today's Contents Just The Facts: * Ukraine starts legal case to seize assets of Russian oil giant Tatneft * Ukraine to merge First Investment Bank into Ukrposhta to create a postal bank * South Korean heavy equipment maker HD Hyundai XiteSolution opens office in Ukraine * Ukrainian companies spent a record $670
HD Hyundai XiteSolution, the Korea-based manufacturer of heavy machinery, has opened a representative office in Ukraine's capital, as part of a strategy to support Ukrainian economy. During the opening ceremony, the company said it intends to participate in reconstruction projects and is exploring options for establishing production
Ukraine initiated legal proceedings to enforce a sanction that would transfer the assets of Russian oil giant Tatneft to the Ukrainian state. The lawsuit named over 20 individuals and companies linked to Tatneft, including the company's management head, Rustam Minnikhanov.
Spain's Minister of Foreign Affairs Jose Manuel Albares announced €10 million in humanitarian aid for Ukraine during his visit to Lviv on Tuesday. This funding brings Spain's total humanitarian support to Kyiv to €100 million since the beginning of the Russian invasion. Spain has provided €400
Ukrainian Prime Minister Denys Shmyhal said on Tuesday that the shares of local First Investment Bank, previously owned by Russian oligarchs, will be transferred to the national postal service Ukrposhta. "In this way, we are creating a postal bank," Shmyhal said. "Ukrposhta has its branches in all
Today's Contents Just The Facts: * Consumer and commercial lending in Ukraine has grown steadily over past year, central bank governor says * EC to continue talks with Ukraine on gas supply as EU Council renews Russia sanctions, document shows * Ukraine's Kernel halts operations at 1 plant due
Lending in Ukraine has been steadily growing over the last year in both corporate and retail segments, said National Bank of Ukraine (NBU) Governor Andriy Pyshny. Ukrainian banks have seen growth of 21% in net commercial loan portfolios and 39% in consumer loan portfolios Pyshny highlighted.
Ukraine's largest producer and exporter of sunflower oil, Kernel, said it suspended operations at one of its plants this month due to the deficit of feedstock on the market. Kernel has not disclosed which facility has ceased operations.
The European Commission plans to continue discussions with Ukraine regarding natural gas supplies to Europe, while also involving Hungary and Slovakia in the negotiations, according to a statement shared by an EU diplomat and obtained by Reuters on Monday. "The Commission is ready to continue discussions with Ukraine on
