Fitch Ratings downgraded Ukraine's credit rating to C from CC after the government signed a preliminary agreement with a group of creditors to restructure $20 billion in debt. Fitch said the cut to Ukraine's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) reflects its opinion
The international law firm CMS advised the Dutch Good Growth Fund (DGGF) on securing regulatory approval for the fund's €4.5 million investment in Bank Lviv, CMS said. The firm advised DGGF on securing regulatory approvals from the National Bank of Ukraine and the Antimonopoly Committee of Ukraine
The M&A market in Ukraine is still suffering from a "mismatch" in expectations between foreign investors and local business owners but some deals are starting to move through the pipeline, says Zoriana Podilchuk, a director of FinPoint. "Somewhere like six months ago we noticed a
Foreign investors should adhere to a "build back better, made in Ukraine" policy that prioritizes Ukrainian firms when sourcing supplies, recruiting primary contractors and allocating donated resources for the reconstruction of Ukraine, the Brussels-based International Politics and Society (IPS) magazine said in its latest edition. IPS, published
Ukraine has reached a preliminary agreement with a group of international creditors to restructure more than $20 billion in debt so it can reserve resources for the war and reconstruction. Ukraine's international creditors agreed to write off more than a third of the nominal value of the debt
Reuters highlighted the work of Swarmer as one of "a handful of startups in Ukraine" searching for ways to better control large groups of drones for use in the war against Russia. In an 800-word soft news piece, the news agency wrote that Ukraine hopes research into
Former US President Donald Trump, whose re-election campaign has intensified in energy since the assassination attempt against him last weekend, pledged to end the war between Russia and Ukraine in a telephone call Friday with Ukrainian President Volodomyr Zelensky. "I appreciate President Zelenskyy for reaching out because I,
Japan's Justice Ministry plans to help Ukraine overhaul key laws to help streamline the reconstruction after the war with Russia ends, The Japan Times reported, citing anonymous government sources in Tokyo. The ministry is studying the legal situation in Ukraine before deciding on the components of a legal
Swedfund, Sweden's development finance institution, is opening an office in Kyiv to support the reconstruction and economic development of Ukraine. The fund, which currently invests in "small and medium-sized enterprises in the IT/technology sector, promoting job creation and export earnings," is now looking for
Some $20 million has been raised in donations and government transfers for reconstruction and medical care after a Russian missile strike destroyed a wing of Ukraine's largest children's hospital on Monday. Ukraine's government said it has earmarked 100 million hryvnias ($2.4 million) for
The government-run Dutch Good Growth Fund (DGGF) has invested €4.5 million in Bank Lviv, marking the first foreign investment in a Ukrainian bank since the full-scale Russian invasion of 2022. The bank’s largest current shareholder, impact asset manager responsAbility Participations, based in Switzerland, added a €1
Clearance of land mines in Ukraine is picking up pace through a combination of foreign donations of demining vehicles, training of personnel and local manufacturing of related equipment. The number of demining vehicles in Ukraine jumped from zero last year to 30 at the start of 2024 and jumped a
Investment in Ukrainian tech companies may have started a turnaround in the first half of this year after dropping 11 percent in 2023, said AVentures Capital, an early-stage venture firm based in Ukraine. Ukrainians in the tech sector raised $283 million in the first six months of this year,
UK defense firm Pearson Engineering has won a contract from the International Fund for Ukraine (IFU) to supply remote mine clearance vehicles and other mine-clearing equipment to Ukraine, the company said. As part of the contract, Pearson Engineering will provide MW370 remotely controlled mine clearance vehicles to "defeat
NATO Secretary General Jens Stoltenberg will propose the creation of a $100 billion fund for Ukraine at a meeting of alliance foreign ministers on Wednesday, various news media reported, citing anonymous sources. The fund would be used to support Ukraine over the next five years, making up for delays in
