ukrainebusinessroundup
The following is the April 30, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Polish farmers finally ended their protests at the Hrebenne-Rava-Ruska border crossing on April 29, effectively lifting a blockade that had gone on for months, damaged Polish-Ukrainian relations, and put stress on Ukraine’s exports. The news is a relief, ending a series of protests that started in February, when farmers, angered over an influx of what they said were cheaper Ukrainian products entering th...
Kyiv Independent (CA)
The following is the April 16, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Russia’s large-scale attacks against Ukraine’s energy system late last week have stoked fears of renewed country-wide blackouts and highlighted Ukraine’s urgent need for more air defense to protect its critical infrastructure. The Kremlin launched over 80 missiles and drones against the country in the early hours of April 11, targeting thermal power plants across Ukraine, including the Trypillia plant, t...
Kyiv Independent (CA)
The following is the April 9, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. French billionaire Xavier Niel’s investment company NJJ Capital announced that it would be acquiring and merging two major telecom companies in Ukraine in what is set to be one of the largest acquisitions in the country’s history, bringing with it investment at a time when the country desperately needs it. In a joint press release on April 8, NJJ said it had received regulatory approval in March from Ukra...
Kyiv Independent (CA)
The following is the April 2, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. In March, Ukraine received the largest budget financing from its allies since the beginning of Russia's full-scale invasion and the start of Ukraine's independence, Prime Minister Denys Shmyhal said on March 29. Ukraine received more than $9 billion in financial aid in March, including 4.5 billion euros ($4.9 billion) from the European Union through its four-year Ukraine Facility, $1.5 billion in loans fr...
Kyiv Independent (CA)
The following is the March 26, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Over the past week, Russian attacks targeted energy facilities across Ukraine, affecting nearly every major energy producer in the country and causing power outages for around 1.5 million people. Ukraine's state-owned Ukrhydroenergo enterprise said that entire units of the Dnipro hydroelectric plant, located in Zaporizhzhia, had been destroyed after several direct hits, adding that building them up from ...
Kyiv Independent (CA)
The following is the March 19, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. As Ukraine runs out of ammunition on the battlefield, the government is betting on the country’s drone producers. While mass producing drones is unlikely to bring about Ukraine’s victory, recent strikes on Russian oil refineries show they can at least slow the Kremlin’s war machine. To keep that momentum going, the Ukrainian government is allocating another Hr 5 billion (around $128 million) to purchase ...
Kyiv Independent (CA)
The following is the March 12, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. After two years of no flights and a 20-hour train trip just to get from Kyiv to the nearest airport in Poland, Ukraine is making moves to reopen the country’s airports. Ukraine’s airports have remained shut since day one of the full-scale invasion. Russia’s frequent missile and drone attacks across the country and the dark cloud of the 2014 MH17 tragedy have made the prospects of reopening air travel low...
Kyiv Independent (CA)
The following is the March 5, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Spanish company Inditex, owner of fashion giant Zara, as well as Bershka, Pull & Bear, Stradivarius, Uterque, Oysho, and Massimo Dutti brands, will reopen some of its stores in Kyiv as soon as early April after shutting its doors at the start of Russia’s full-scale invasion just over two years ago. Since then, the company has also halted its shipping to Ukraine but has continued to pay the salaries of its...
Kyiv Independent (CA)
The following is the Feb. 27, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. The timing of the “Made in Ukraine” event that gathered over 400 entrepreneurs, government officials, foreign guests, and journalists in central Kyiv on Feb. 26 was no coincidence. In the absence of further U.S. funding, Ukraine is turning to its business in the hopes of being less dependent on what Economy Minister Yuliia Svyrydenko called a “sometimes volatile external environment." It also comes on the...
Kyiv Independent (CA)
The following is the Feb. 20, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Tokyo summitJapanese and Ukrainian representatives met in Tokyo on Feb. 19 to foster dialogue between both government officials and business leaders on how Japan could contribute to rebuilding the country. The Japan-Ukraine Conference for Promotion of Economic Growth and Reconstruction in Tokyo gathered around 300 people and 80 companies, including Kubota, Sumitomo Corp, Kawasaki Heavy, and Rakuten. Durin...
Kyiv Independent (CA)
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