Ramstein summit on Ukraine postponed after Biden withdraws
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Exclusive: Ukraine's FortuneGuard in talks to raise $50 million to expand AI-based war-risk insurance solution
FortuneGuard, a Ukrainian InsureTech startup that has developed an AI-powered war risk insurance solution for Ukraine, is now in talks to raise capital and take the model to new markets and product lines. The solution, launched in partnership with UK reinsurance broker McGill and Partners and ARX Insurance, a Ukrainian
EBRD provides €60 million unfunded portfolio risk-sharing facility to ProCredit Bank Ukraine to support energy security
The European Bank for Reconstruction and Development (EBRD) is providing a new unfunded portfolio risk-sharing facility to ProCredit Bank Ukraine to unlock €60 million in financing to support energy security for Ukrainian businesses and households.
Ferrexpo says it was forced to shut down 2 pellet production lines due to Ukrainian sanctions, suspension of VAT refunds
Ferrexpo said it was forced to shut down two of its pellet production lines following a decision by the Ukrainian tax authorities to impose sanctions on Ukrainian oligarch Konstantin Zhevago and suspend VAT refunds.
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Switzerland launches CHF 50 million call for private-sector reconstruction projects in Ukraine
Switzerland has launched a new call for investment projects involving Swiss companies in Ukraine, making up to 50 million Swiss francs ($61 million) available to help finance reconstruction and economic recovery efforts, the Swiss government said on May 28. The initiative targets Swiss companies with an established presence in Ukraine
EBRD, EU expand Ukraine lending programme, unlocking €2 billion for businesses
The European Bank for Reconstruction and Development (EBRD) and the European Union are expanding a major financing programme for Ukrainian businesses, with a new package of guarantees, grants, and technical assistance expected to unlock up to €2 billion in lending through local banks.
Ukraine's small firms emerge as key drivers of trade resilience under war and pandemic, study finds
Small and micro-sized Ukrainian businesses emerged as some of the country's most resilient traders during both the COVID-19 pandemic and Russia's full-scale invasion, while large companies struggled to translate their scale into productivity gains, according to a new study.
Exclusive: Tetra Tech lays off dozens of workers in Ukraine; US prime contractors face local office closures as work goes unpaid
Tetra Tech, the global consulting and engineering firm, has laid off dozens of workers in Ukraine and faces tens of millions of dollars in costs locally due to the USAID cuts, including a payment freeze on work completed, according to sources familiar with the matter. The company is one of