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
Ukraine's defense manufacturer Ukrainian Armor will build a new ammunition factory in the country, aiming to boost its production of artillery shells, CEO Vladyslav Belbas said in an interview with Militarnyi, published on Monday. Belbas said the move will significantly increase output, but declined to disclose what types
Ukrainian drone startup Swarmer has raised $2.7 million in a seed round led by US defense technology company R-G.AI to advance its cutting-edge swarm drone technology, ain reported on Monday, citing Swarmer. Radius Capital actively participated in the funding round, while Green Flag Ventures and D3,
Estonian defense company Frankenburg Technologies will start manufacturing its anti-drone missile systems in Ukraine, the company said on Monday in a post on LinkedIn. "Expansion into Ukraine is the most important early strategic choice for Frankenburg," said Frankenburg co-founder Taavi Madiberk. "We will work tirelessly
Table of Contents * Just the Facts. The latest news related to the reconstruction of Ukraine. * Reporter's Notepad. Exclusive reporting along with notes on meetings and transcripts of speeches, interviews and conferences attended. * That's What You Think. Coverage of the latest opinion pieces from influential media outlets,
Conference organizers: Federation of Employers of Ukraine (FEU) and the Union of Entrepreneurs and Employers of Poland (ZPP) Topics covered: Polish-Ukrainian economic cooperation in the areas of transport and logistics, trade, and infrastructure cooperation Speakers Transcribed (Transcriptions start after summaries): Valerii Tkachov, deputy director of the Commercial Department of
