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The shutdown was attributed primarily to high electricity costs and outdated production infrastructure requiring substantial investments in modernization.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.
Ukraine's foreign exchange regulations are changing "rapidly and dramatically" and are providing "quite many surprises" to foreign companies operating in the country, representatives from Schneider Group warned at a webinar this week. The warning came during a one-hour presentation on foreign exchange controls
