Economy
Economy
Fitch Upgrades Ukraine's National Currency Rating to 'CCC+' Thanks to Debt Policy
Ukraine’s previous credit rating was upgraded from 'CCC-' to 'CCC+', though the Long-Term Foreign Currency IDR remains at 'RD' (Restricted Default).
Sept. 7, 2024
Russia
Russia’s Sanctioned Former Central Banker Becomes IMF Rep
The IMF softens ties with Russia – appointing a new executive director who is under US sanctions and sending its first mission to Russia since Moscow's full-scale Ukraine invasion.
Sept. 7, 2024
Lviv
Ukraine to Conduct Non-Public 5G Internet Trials in Lviv
Lifecell, one of Ukraine’s mobile operators, will conduct 5G internet trials between Sept. 9 and Dec. 7 in Lviv, though earlier reports said 5G would not be available in Ukraine until after the war.
Sept. 6, 2024
Top News
Lviv’s Drone Factory and Pilot School End Reliance on China
Drones, play a lead role in the war in Ukraine but the early reliance on off-the-shelf Chinese machines has gone. Domestic technology and techniques are now at the forefront of today’s “Drone Wars.”
Sept. 5, 2024
Drones
Russian Property Insurance Rates Skyrocket Because of Ukrainian Drone Strikes
Russian news site reports that property insurance rates against terrorist acts and sabotage have gone through the roof, particularly in border areas while demand for cover has grown too.
Sept. 5, 2024
Top News
Yahoo Appoints Ukrainian Chief Technology Officer
Tech giant Yahoo has appointed Valeri Liborski, a tech specialist originally from Ukraine with experience in Amazon and Microsoft, to head the company’s global engineering team.
Sept. 5, 2024
ICU – Weekly Insight: Eurobond Restructuring Complete
NBU keeps hryvnia in narrow corridor
Sept. 3, 2024
Russia
Russia Only Expects Double-Digit Inflation Under Worst Case Scenario
Though the Russian economy is expected to shrink even under a baseline scenario, interest rates under these conditions will not exceed 17 percent, keeping inflation in single digits.
Aug. 31, 2024
Business
Ukraine’s Bondholders Approved $20 Billion Debt Restructuring – Right Before IMF Visit
Vote in favor of sealing private debt deals and first foreign debt payment suspensions according to the new law.
Aug. 29, 2024
Business
Central Bank Starts Hunting Tax Evaders by Imposing Card Transaction Limits
Ukraine intends to fight tax evasion through a key retail channel – transfers between bank cards, meant to keep the transaction from becoming part of a legal income report.
Aug. 29, 2024
Business
Privatization Imminent for Major State Property Assets
Ukraine’s State Property Fund aims to sell off key state assets to investors as part of an open and transparent process.
Aug. 28, 2024
Business
Water and Electricity Cuts Across Ukraine Due to Russian Attack
Two days after Independence Day, Russian missiles and drones targeted Ukrainian energy infrastructure in 15 regions, leading to a shortage of water and electricity supply across the country.
Aug. 26, 2024
Ukraine
Ukrainian Companies Contending in Global Markets
You might encounter them in your supermarket, pub, or favorite online store – they’re Ukrainian brands that have carved out places for themselves in international markets.
Aug. 24, 2024
Top News
Ukraine’s Largest Retailer Buys Huge Warehouse Destroyed During Russian Invasion
Ukraine’s largest one-dollar store retailer secured a deal to buy a 100,000 square meter (1 million square feet) commercial property that belonged to Ukraine’s major investment bank Dragon Capital.
Aug. 22, 2024
Economy
Ukraine’s National Postal Service Is Ready to Open in Sudzha
Ukrposhta is ready to open a branch in Sudzha to deliver parcels to Ukraine’s Armed Forces as soon as permits, funding, and safety measures come through.
Aug. 16, 2024
Ukraine
Inflation Rises to 5.4% from 4.8% in June – Central Bank
Key current drivers for inflation include a rise in the price of processed foods and increased business costs.
Aug. 16, 2024
Loading More Posts