Ukraine will launch a dialogue with the European Union in 2017 to promote the development of the country’s industry, Deputy Minister of Economic Development and Trade Representative of Ukraine Natalia Mykolska has said. “In 2017 we start the industrial dialogue with the European Commission to stimulate the Ukrainian industry”, she wrote on her Twitter account…
Ukraine’s Mevics has raised $500,000 from Britain’s UBTower consulting company. The company has not presented other details of the deal. The Mevics team has created a gadget, which controls posture and synchronizes it with smartphone using Bluetooth. The price of the gadget would vary from $80 to $100. The team is working on the new…
Ukraine’s Cabinet of Ministers has postponed redemption of Series A, B and C 4.8 billion UAH bonds issued by the national joint-stock company Naftogaz Ukrainy for one year (until the end of 2017) to allow the company to have working capital in the conditions of permitting Ukrainians to pay 50% of the heating bills in…
In January-October the industrial output shrank by 0.6% YoY. According to the National Bureau of Statistics, in October it contracted by 2.2% YoY. In January-October the output decreased by 16.5% in the mining industry and grew by 0.7% in the processing one. The food industry reported the decrease by 0.6% YoY. In particular, the output…
Ukrainian company Sixa, which has developed an application for access to a high-performance virtual computer in the “cloud,” has raised $3.5 million from U.S.-based Tandem Capital fund, as well as the investment companies Horizon Capital and Digital Future. “Sixa is a very valuable company for Digital Future’s portfolio. Fight among investors for the opportunity to…
Foreign direct investment in Georgia increased by 5% YoY in the first nine months of 2016 to $1.29 billion, according to preliminary data released by the State Statistics Office. FDI in the third quarter stood at $463 million, down by 4% YoY and up by 3.8% QoQ. After increasing by about 33% YoY in the…
The European Investment Bank (EIB) will allocate EUR 450 million to Georgia through three loan agreements, the EIB and Georgian Prime Minister’s Office said. EUR 250 million will be allocated to finance new construction and upgrading of priority roads, EUR 100 million for the rehabilitation and upgrading of municipal infrastructure and a EUR 100 million…