The World Bank expects that Ukraine’s GDP growth in 2023 will reach 0.5% after a sharp drop to almost -30% last year after Russia’s full-scale invasion. This is stated in the conclusions of the World Bank’s economic review. “Ukraine’s economy is projected to grow by 0.5% this year, following a staggering contraction of 29.2% in…
Ukrzaliznytsia JSC has successfully completed a test run on the 1,435 mm European gauge line, which will give a start to the railway connection between Warsaw and Rava-Ruska with a transfer to Lviv in a few months. Together with railway workers, Polish Infrastructure Minister Andrzej Adamczyk and Ukrainian Deputy Prime Minister for Restoration – Communities,…
Since the launch of the eRobota programme, the Diia portal has received 22,912 applications for grants in various areas. The most popular category, “Own business”, allows applicants to receive between UAH 50,000 and 250,000 to start or expand a business. In particular, more than 20,318 applications were received for such microgrants. Kyiv has the highest…
Despite the war, Poland’s trade turnover with Ukraine is at an all-time high, Andrzej Duda, the president of Poland, said during a Polish-Ukrainian Economic Forum held in Warsaw on April 5. “Before the war, more than a thousand Polish companies operated in Ukraine, and hundreds of thousands of Ukrainian companies operated on the Polish market,…
The first train is going on a test trip, which in a few months will launch a connection between Warsaw and Rava-Ruska with a transfer to Lviv. From April 5, the Ukrainian and Polish railways is carrying out a joint test run on the 1435 mm European gauge line between Lublin and Rava-Ruska. For Polish…
Ukraine will use IMF funds to finance priority expenditures, including pensions, social benefits and salaries for teachers and doctors. Ukrainian Prime Minister Denys Shmyhal said this at a government meeting on April 4. “The IMF approved a $15.6-billion financing program for Ukraine. The first tranche of $2.7 billion has already been transferred to the state…
In March, 805 new commercial vehicles were purchased and registered in Ukraine, up by 11% MoM, according to the Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom). “In March, 805 vehicles were purchased on the Ukrainian market of new commercial vehicles. This is the best result in the first quarter of the current year,” the report says.…