The investors, their investments, the regulations and the rule-makers.
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
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 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,
Ukraine's energy infrastructure needs a modern-day Marshall Plan, costing as much as $50 billion, to counter the severe impact of Russian attacks and decentralize energy production, Maxim Timchenko, CEO of DTEK, the largest private investor in Ukraine's energy sector. "Our key task must be
Aon and Marsh McLennan, the world's biggest insurance brokers, have called on the insurance industry to scrap their blanket exclusions of coverage in Ukraine and start offering insurance again despite the ongoing war. The blanket exclusion of Ukraine, along with Russia and its ally, Belarus, "overlooks that
A consortium led by NJJ Capital, owned by French billionaire Xavier Niel, has finalized the acquisition of Lifecell, Ukraine's third-largest mobile operator, and fixed telecom provider Datagroup-Volia, in a deal worth at least $524 million. "The closing of this landmark transaction will serve as a
New leasing activity in the Ukrainian warehouse market tripled in H1 2024 compared to the same period in 2023, driven by pre-leases of warehouses still under construction, real estate services firm CBRE said. Leasing take-up jumped to 85,000 square meters in the first half, with pre-leases
The Antimonopoly Committee of Ukraine has given a green light to Irish building materials giant CRH to buy the Ukrainian cement-making unit of Italy's Buzzi, Dyckerhoff GmbH, after a year of deliberation. The €100 million purchase gives CRH, which already owns three plants in Ukraine under the
Switzerland has appointed Jacques Gerber, who lead the health department during the Covid crisis, to oversee the country's program for the reconstruction of Ukraine and its humanitarian aid package. As "Federal Council Delegate for Ukraine," Gerber, 51, will supervise the "Ukraine country programme," which
The story of Ukraine's $20 billion debt restructuring, the third-biggest in history and the first for a country at war, took twists and turns including sleepless nights, near collapse of talks and a car crash, Reuters reports. The news agency spoke to five sources off the record
Romania's government has approved a plan to offer to buy the Giurgiulești International Free Port, the only port in neighboring Moldova, to position it as a hub for the reconstruction of Ukraine. Romania's Cabinet approved a proposal to start negotiations with the current owner, the European
The European Bank for Reconstruction and Development (EBRD) is set to give multiple loans to Ukrainian municipalities and companies in the coming weeks, to strengthen the country's infrastructure ahead of winter, a bank official told Reuters.
