$841 million from the World Bank has been attracted under the PEACE in Ukraine Project. The financing was provided by the International Bank for Reconstruction and Development (IBRD) under a guarantee from the Government of Canada. The funds will be used to reimburse State Budget expenditures on old-age social payments. The financing was raised under…
There are currently around 120 industrial parks listed in Ukraine’s register of industrial parks, of which around 40 are already active, compared with just two before the full-scale invasion. Deputy Chairman of the Verkhovna Rada Committee on Economic Development Dmytro Kysylevskyi said this. “There are currently slightly more than 120 industrial parks registered in the…
An increasing number of Estonian real estate developers are operating in the Latvian market, as land in Riga is considerably cheaper and the planning approval process takes less time. Although real estate prices in Latvia have risen by around 51% over the past five years, the average price level remains significantly lower than in Estonia.…
Volvo has begun assembling complete cars at its new factory near Kosice, eastern Slovakia, although they are not yet destined for customers. The vehicles are part of test production ahead of series manufacturing starting in 2027. Testing had already begun in some sections of the plant and expanded to final assembly on September 21, meaning…
The government will allocate UAH 150 million from the Fund for the Elimination of the Consequences of Armed Aggression to restore 11 apartment buildings in Zaporizhzhia region damaged by Russian attacks. The relevant changes are provided for by the decision of the Cabinet of Ministers, prepared by the Ministry of Reconstruction, Infrastructure and Transport of…
More than 50 investment and trade projects from across the C8 countries are on the table at the Carpathian Economic Forum – in oil and gas, energy, infrastructure and culture – worth a combined total of over EUR 1 billion, Prime Minister of Ukraine Sergii Koretskyi has announced. “The next step is to move ahead…
Production of Hubert, Slovakia’s best-known sparkling-wine brand, will move to the Czech Republic until the end of the year, ending 74 years of production in Sered. Hubert J.E. will close its factory in the western Slovak town and transfer production to sister plants in Stary Plzenec and Mikulov. About 60 employees will be affected. Some…