Many international companies will enter Crimea immediately following the peninsula's de-occupation. Today, on August 23rd, the first corresponding document will be signed, according to a statement by Ukrainian President Volodymyr Zelenskyy during the Crimea Platform Summit. He revealed that powerful international brands have expressed readiness to start their businesses in Crimea, including hotels, airlines, banking, IT, industrial, … Continue reading International companies ready to enter Crimea after de-occupation – President Zelenskyy
European Marshall Plan for Ukraine: developed by the EU
KYIV. June 21, 2023. UNN. On Tuesday, the European Commission unveiled a new multi-billion-euro project to help rebuild Ukraine, the first major economic grouping to outline an estimate of a multi-year funding plan, as reported by UNN with reference to Politico. Details As stated by the World Bank, the United Nations and the European Commission, … Continue reading European Marshall Plan for Ukraine: developed by the EU
BEFORE WINTER COMES: THE UN POWER SUPPLY PROJECT IN ODESA FOR 50 MILLION USD
As reported by the Ministry of Foreign Affairs of Ukraine, the UN is launching a power supply project in Odesa for 50 million USD, in order to facilitate power supply within the city. The UN development program is planning to launch the project for increasing the urban power infrastructure capacity before winter comes. Such a … Continue reading BEFORE WINTER COMES: THE UN POWER SUPPLY PROJECT IN ODESA FOR 50 MILLION USD
Illichivsk Oil & Fat Plant privatization at ca. 700 million UAH
Illichivsk Oil & Fat Plant was purchased by Poltava-Grain with Kernel as its principal beneficiary Privatization tender concerned sale of the Illichivsk Oil & Fat Plant located in Chornomorsk. The buyer was Poltava-Grain, while purchase cost made up 696.6 million UAH. The above company acquired the land plot of 8.58 hectares, administrative & household buildings, … Continue reading Illichivsk Oil & Fat Plant privatization at ca. 700 million UAH
The guarantees of loss recovery in favor of shipowners suffered from the russian hostilities against Ukraine
The guarantees of loss recovery in favor of shipowners suffered from the russian hostilities against Ukraine On May 26, 2023, the Cabinet of Ministers of Ukraine approved the Procedure for the guarantees of such loss recovery in favor of shipowners. This Procedure is aimed to secure fair reimbursement of losses incurred by the victim of … Continue reading The guarantees of loss recovery in favor of shipowners suffered from the russian hostilities against Ukraine
Metinvest confirms plans to build plant in Italy
Seeking to circumvent Russian aggression and keep supplying customers, Metinvest is weighing plans to construct a new Italian plant that could receive raw materials from its Ukrainian mines and steel mills, stated the CEO of the Metinvest Group Yuriy Ryzhenkov. According to him, the European market has always been the number one market for Metinvest and now … Continue reading Metinvest confirms plans to build plant in Italy
Not by London alone: what is a common feature of successful cases upon post-war reconstruction?
Reconstruction of Ukraine will require enormous human and financial resources. As of March 2023, reconstruction of Ukraine will cost 411 billion USD, i.e. 2.6-fold exceeding GDP of Ukraine in 2022. Over the past 60 years, no conflict or disaster has provided more recovery funds than the Marshall Plan: ca. 140 billion USD (calculated as of … Continue reading Not by London alone: what is a common feature of successful cases upon post-war reconstruction?
Ukrainian Danube Shipping Company to renew fleet with World Bank financing
Ukrainian Danube Shipping and the International Finance Corporation (IFC), which is part of the World Bank Group, signed an agreement on attracting private investment for the modernization and expansion of the fleet at the Ukraine Recovery Conference in London, reported the press service of the Ministry of Community Development, Territories and Infrastructure. The International Financial Corporation will … Continue reading Ukrainian Danube Shipping Company to renew fleet with World Bank financing
30 million USD: investment into new production in Ukraine by Philip Morris
As reported by RBC-Ukraine (see link to press release), Philip Morris International invests over 30 million US dollars in launching a new production in Lviv region. Preparatory work on the future factory will start just in July 2023.The company notes that the production will facilitate complete satisfaction of domestic demand.The company expects starting production process … Continue reading 30 million USD: investment into new production in Ukraine by Philip Morris
International Register of Damage Caused by the Agression of the Russian Federation Against Ukraine: An agreement has been signed
In brief On 17 May 2023, at the Council of Europe Summit, the European Union and 43 other countries signed the agreement on the Register of Damage Caused by the Aggression of the Russian Federation Against Ukraine (“Register”). The Register constitutes the first component of a future international compensation mechanism, which is intended to compensate … Continue reading International Register of Damage Caused by the Agression of the Russian Federation Against Ukraine: An agreement has been signed