Friday01 November 2024
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Ukrainian fire protection manufacturer "Kovlar Group" has doubled its production output over the past nine months.

Ukrainian fire protection manufacturer "Kovlar Group" has doubled its production output over the past nine months.

The largest Ukrainian manufacturer of fire protection materials, "Kovlar Group," reported that from January to September 2024, it doubled its production compared to the same period in 2023, according to the company's press service in a statement to the Interfax-Ukraine agency.
The Ministry of Economic Development and KSE have expanded the digital investment project portal by 31 positions, totaling EUR 2.1 billion.

The Ministry of Economic Development and KSE have expanded the digital investment project portal by 31 positions, totaling EUR 2.1 billion.

The investment portal, developed by the Ministry of Economy of Ukraine in collaboration with the Kyiv School of Economics (KSE), has been updated to include 31 new projects with a total value of EUR 2.1 billion.
The NBU has maintained the key interest rate at 13% and extended its forecast for this rate to remain until summer 2025.

The NBU has maintained the key interest rate at 13% and extended its forecast for this rate to remain until summer 2025.

The board of the National Bank of Ukraine (NBU) decided on Thursday to maintain the interest rate at 13% and intends to keep it at this level until the summer of 2025. This is a shift from the central bank's previous plan to begin easing the rate in the first quarter of 2025.
The National Bank of Ukraine has raised its GDP growth forecast to 4% for 2024 and 4.3% for 2025.

The National Bank of Ukraine has raised its GDP growth forecast to 4% for 2024 and 4.3% for 2025.

The economic growth for the end of 2024 is projected to reach 4%, surpassing the previously forecasted 3.7% from July. For 2025, the growth is expected to be 4.3%, compared to the earlier estimate of 4.1%, according to the updated macroeconomic forecast from the National Bank of Ukraine (NBU).
The National Bank of Ukraine has revised its inflation forecast to 9.7% for 2024 and 6.9% for 2025.

The National Bank of Ukraine has revised its inflation forecast to 9.7% for 2024 and 6.9% for 2025.

The National Bank of Ukraine (NBU) has revised its inflation forecast for 2024, increasing it from 8.5% to 9.7%, and has also adjusted the 2025 forecast from 6.6% to 6.9%.
The NBU has revised its forecast for international reserves at the end of 2024-2026, increasing it by $2.4 to $3.7 billion.

The NBU has revised its forecast for international reserves at the end of 2024-2026, increasing it by $2.4 to $3.7 billion.

Ukraine's international reserves are expected to increase from $41.2 billion at the end of July to $43.6 billion by the end of this year. However, next year, they are projected to decline to $41 billion, instead of the previously estimated $37.3 billion. This updated forecast was released by the National Bank of Ukraine on Thursday.
New logging regulations will enable the construction of over 100 forest road sections in 2024, according to the CEO of "Lesa Ukraine."

New logging regulations will enable the construction of over 100 forest road sections in 2024, according to the CEO of "Lesa Ukraine."

The Cabinet of Ministers has made amendments to the regulations governing timber harvesting and has addressed specific aspects of logging for new construction, reconstruction, and major repairs of roads in forested areas, as well as for their maintenance. This information was shared by Yuriy Bolokhovets, the General Director of State Enterprise "Forests of Ukraine," on Facebook.
It's time to create a unified salary rate structure, says Stefanchuk.

It's time to create a unified salary rate structure, says Stefanchuk.

The time has come to develop a unified tariff system to address the issue of fair salary payments for civil servants, according to Ruslan Stefanchuk, the Chairman of the Verkhovna Rada.
The Kyiv City Council has decided to recapitalize Kyivgorstroy by 2.56 billion UAH.

The Kyiv City Council has decided to recapitalize Kyivgorstroy by 2.56 billion UAH.

The Kyiv City Council has approved a decision to increase the charter capital of the public joint-stock company "HC Kyivgorstroi" in order to stabilize the company's financial situation through additional issuance and acquisition of shares amounting to up to 2.56 billion UAH.
The European Commission rated the readiness of Ukraine's agricultural sector for Euro-integration as satisfactory, according to expert opinion.

The European Commission rated the readiness of Ukraine's agricultural sector for Euro-integration as satisfactory, according to expert opinion.

The European Commission assessed the agricultural sector's readiness for European integration as satisfactory in its report on Ukraine, according to Oleg Nivievsky, Vice President of the Kyiv School of Economics (KSE), who shared this information on Telegram.
Ukraine and the EU have agreed to boost electricity imports during winter to 2.1 GW, according to the Ministry of Energy.

Ukraine and the EU have agreed to boost electricity imports during winter to 2.1 GW, according to the Ministry of Energy.

Ukraine and the EU have agreed to boost the import capacity of electricity during the winter months to 2.1 GW, the Ukrainian Ministry of Energy announced on Tuesday.
"Nova Poshta" has launched courier delivery and parcel pickup in the Netherlands, with plans to open branches in Amsterdam and Utrecht.

"Nova Poshta" has launched courier delivery and parcel pickup in the Netherlands, with plans to open branches in Amsterdam and Utrecht.

"Nova Poshta," the largest logistics operator in Ukraine, has launched courier delivery services in the Netherlands and is planning to open its own branches in Amsterdam and Utrecht soon, according to the company's press service.
"Ukrnafta has acquired a license for the Kitvan area for 6.5 million UAH."

"Ukrnafta has acquired a license for the Kitvan area for 6.5 million UAH."

PJSC "Ukrnafta" has obtained a special permit for the Kitvan oil and gas area (Ivano-Frankivsk region) at the auctions held by the State Service of Geology and Mineral Resources of Ukraine (Gosgeonadr) for a duration of 20 years.
Entrepreneurs and civic organizations urge the NABU to conduct an anti-corruption review of the National Income Strategy until 2030.

Entrepreneurs and civic organizations urge the NABU to conduct an anti-corruption review of the National Income Strategy until 2030.

Public organizations have approached the National Agency for Corruption Prevention (NACP) requesting an anti-corruption assessment of the National Income Strategy through 2030.
In 2024, "Kernel" significantly adjusted its agricultural crop structure, expanding the areas dedicated to wheat, soybeans, and rapeseed.

In 2024, "Kernel" significantly adjusted its agricultural crop structure, expanding the areas dedicated to wheat, soybeans, and rapeseed.

"Kernel," one of the largest agricultural holdings in Ukraine, has significantly adjusted its crop structure for the 2024 season to restore sustainable farming practices and crop rotation that were disrupted by Russia's invasion of Ukraine.
The NBU has extended the deadline for the sale of Idea Bank by three months.

The NBU has extended the deadline for the sale of Idea Bank by three months.

Getin Holding S.A. received a decision from the National Bank of Ukraine (NBU) on October 29 to extend the six-month period for the sale of its Ukrainian subsidiary, Idea Bank, by an additional three months. This extension, which was originally set to expire on April 29, 2024, was announced in a statement from the holding company on the Warsaw Stock Exchange.
The Expirenza by mono mobile app can expand into the service industry, according to Gorokhovsky.

The Expirenza by mono mobile app can expand into the service industry, according to Gorokhovsky.

A mobile application that allows users to view menus and make payments at dining establishments using a QR code could be expanded to encompass the entire service industry, stated Oleg Gorokhovsky, co-founder of monobank.

Zelensky met with business representatives in Uzhhorod to discuss ways to support local enterprises.

During a working visit to Uzhhorod, Ukrainian President Volodymyr Zelensky met with business representatives.
The social insurance reform "ePotential" will start rolling out in January 2025, according to Zholnovich.

The social insurance reform "ePotential" will start rolling out in January 2025, according to Zholnovich.

The social insurance reform "ePotential" is set to launch in Ukraine starting January 2025, as announced by the Minister of Social Policy, Oksana Zholnovich.
Bankers anticipate that the central bank will maintain the interest rate at 13% until the end of the year.

Bankers anticipate that the central bank will maintain the interest rate at 13% until the end of the year.

The board of the National Bank of Ukraine (NBU) is expected to maintain the current interest rate at 13% per annum during the upcoming meeting on Thursday, according to bankers surveyed by the Interfax-Ukraine agency.
"Kievenergo" has reported on its preparations for the winter season.

"Kievenergo" has reported on its preparations for the winter season.

The municipal enterprise "Kyivteploenergo" ("KTE") has completed the preparation of heating network equipment and thermal sources for the 2024-2025 heating season.
October grain exports are 70% higher than last year, according to the Ministry of Agrarian Policy.

October grain exports are 70% higher than last year, according to the Ministry of Agrarian Policy.

As of October 30, 2023, Ukraine has exported 14.14 million tons of grains and legumes since the beginning of the 2024/25 marketing year, with 3.693 million tons shipped in the current month, according to a report from the Ministry of Agrarian Policy and Food, citing data from the State Customs Service of Ukraine.
The State Property Fund reported that the privatization of the "Ukraine" hotel brought in 2.51 billion UAH to the government budget.

The State Property Fund reported that the privatization of the "Ukraine" hotel brought in 2.51 billion UAH to the government budget.

The State Property Fund of Ukraine has announced the complete transfer of funds from the sale of the "Ukraine" hotel to the national budget.
The State Property Fund aims to sell a 26% stake in "Naftokhimik Prykarpattia" for 440 million UAH.

The State Property Fund aims to sell a 26% stake in "Naftokhimik Prykarpattia" for 440 million UAH.

The State Property Fund of Ukraine has put 26% of the shares of PJSC "Nafthokhimik Prykarpattya" (Nadvirnyansky Oil Refinery, Ivano-Frankivsk region) up for auction.
The Economic Security Bureau exposed a grain export company, recovering 12.6 million UAH in unpaid taxes for the state budget.

The Economic Security Bureau exposed a grain export company, recovering 12.6 million UAH in unpaid taxes for the state budget.

Detectives from the Bureau of Economic Security of Ukraine (BEB) in the Kyiv region have uncovered an exporting company that deliberately evaded paying taxes in significant amounts, according to a statement from the BEB press service.
Japan will allocate $3.08 billion to Ukraine as part of the $50 billion G7 initiative, using frozen Russian assets.

Japan will allocate $3.08 billion to Ukraine as part of the $50 billion G7 initiative, using frozen Russian assets.

The Japanese government will grant Ukraine a loan of 471.9 billion yen (approximately $3.08 billion at the current exchange rate) as part of the G7 initiative "Accelerating Emergency Revenues (ERA) for Ukraine," as reported by Kyodo News on Monday.
The Budget Committee of the Rada recommended the state budget project for 2024 for its first reading along with their conclusions.

The Budget Committee of the Rada recommended the state budget project for 2024 for its first reading along with their conclusions.

The Budget Committee has recommended the draft state budget for 2025 and the budget conclusions to the government for the first reading. This includes directing all sources of revenue for the Road Fund (43.2 billion UAH) into the general budget fund to address priority needs, particularly those related to national security and defense, as reported by the committee chair, Roksolana Pidlasa.
Over 60% of customers on the Market by Mono marketplace opt for installment payments, according to Gorokhovsky.

Over 60% of customers on the Market by Mono marketplace opt for installment payments, according to Gorokhovsky.

More than 60% of shoppers on the marketplace Market by Mono choose to pay for their purchases in installments, according to Oleg Gorokhovsky, co-founder of Monobank.
Naftogaz will receive 80 MW power generation units from the Norwegian government and UNDP for one of the regions.

Naftogaz will receive 80 MW power generation units from the Norwegian government and UNDP for one of the regions.

The "Naftogaz" group will acquire electric generating equipment with a capacity of 80 MW, funded through a grant from the Norwegian government and organized with the assistance of UNDP, the group announced on its website on Tuesday.
In the first nine months of 2024, Metinvest increased its tax payments to the Ukrainian budget by 38%.

In the first nine months of 2024, Metinvest increased its tax payments to the Ukrainian budget by 38%.

In the period from January to September of this year, the mining and metallurgy group "Metinvest," including its associated companies and joint ventures, increased its contributions to budgets at all levels in Ukraine by 38% compared to the same period last year, amounting to 15.2 billion UAH.