Ukraine's only natural graphite mining company, Zavalivsky Graphite, has suspended operations, the National Association of Mining Industries of Ukraine (NAEIU) said.
The shutdown was attributed primarily to high electricity costs and outdated production infrastructure requiring substantial investments in modernization.
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
Some 60 privately owned Finnish companies have applied so far to the government's Finnpartnership program that helps them get ready to invest in Ukraine, said Antti Vänskä, Finland's special envoy to the reconstruction of Ukraine. And that number is set to grow. "The interest of
Ukraine's Ministry of Economy and the Ukrainian-Korean Business Council (UKBC) have signed a memorandum of cooperation to deepen institutional collaboration and boosting private sector engagement between the two countries.
South Korea's diversified investment corporation Itoxi Corp has signed a memorandum of long-term cooperation with Ukrainian company City One Development to take part in the construction of two glass plants in the war-torn country.
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
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.
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.
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
