Bankruptcies rose by 26% YoY to 2020, which was also the first year the bankruptcy rate had increased since the last economic downturn. While the situation is not as bleak as it had been in the last downturn over 10 years ago, the pandemic has brought about a situation where start-ups without significant assets are…
As part of the XIII International Forum “Polish-Ukrainian Business Days”, two memoranda of cooperation were signed in Warsaw on May 20. The Memorandum of Understanding was signed between the Exporters and Investors Council under the Ministry of Foreign Affairs of Ukraine and the Ukrainian Business Association in Poland. It was signed by Ambassador of Ukraine…
Ukraine boosted commercial fishing in the Black Sea and the Sea of Azov 1.5-fold YoY in the first four months of 2021, the State Fisheries Agency reported. “Thus, in January-April, Ukrainian fishermen caught more than 1,127 tons of fish and seafood in the seas. In the same period in 2020, this figure was 773 tons,”…
Following changes to its network of routes, the Latvian national airBaltic airline has commenced an internal process to hire back 20 former flight attendants. However, there is one requirement – they have to be vaccinated for Covid-19, according to publicly available information. “All new employees whose duties include direct contacts with other people are required…
The Chevrolet brand has topped the list of the best-selling car models in Kazakhstan. The Association of Kazakhstan Automobile Business said that demand for these cars had surged by almost 5000%. According to the source, in just the first four months of this year, sales of Uzbek cars in Kazakhstan soared by 4697% compared to…
The European Commission has approved EUR 173.2 million in additional support for Estonia via its cohesion policy funding. The extra funding results from changes to the Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU) funding, which aims to revitalize the economy, mitigate the effects of the COVID-19 crisis and support transition to a…
The State Service of Ukraine for Food Safety and Consumer Protection received a report on the results of the audit and proposals for further exports of Ukrainian products to the EU, which was conducted by the European Commission from March 1 to March 12. “Among Ukrainian companies that have the right to export products for…