Politics & Economics

Some 220 companies already registered with CodeUA platform – Deputy PM Fedorov

Some 220 companies already registered with CodeUA platform – Deputy PM Fedorov

A total of 220 Ukrainian IT companies have already registered with the tech companies platform, CodeUA. The relevant statement was made by Ukrainian Deputy Prime Minister for Innovation, Education, Science and Technology Development - Digital Transformation Minister Mykhailo Fedorov on Telegram, an Ukrinform correspondent reports. “A total of 220 companies have already registered with CodeUA. Another 30 companies are under verification,” Fedorov noted. In his words, CodeUA is a marketplace created for cooperation between global and Ukrainian IT companies, where companies can find partners for the implementation of technology projects. The platform contributes to raising the export indicators of Ukraine’s…
Read More
Sybiha in U.S.: Ukraine will not accept any compromises on its sovereignty or territories

Sybiha in U.S.: Ukraine will not accept any compromises on its sovereignty or territories

While continuing its difficult fight for life, Ukraine will not accept any initiative with partial solutions that involve compromises on its sovereignty or territorial integrity. Ukrainian Foreign Minister Andrii Sybiha said this in a speech at a meeting of the U.S. Helsinki Commission in Washington on Tuesday, according to an Ukrinform correspondent. "We in Ukraine know that in a situation of existential fight for life, there is no half-solution. Half measures only bring half results. And in life-or-death situations, a half solution is death, not life," Sybiha said. He emphasized that the situation in Ukraine is not just a conflict…
Read More
IMF slightly improves Ukraine’s GDP growth forecast

IMF slightly improves Ukraine’s GDP growth forecast

The International Monetary Fund (IMF) has slightly improved its forecast for Ukraine's real GDP growth to 4% this year and 2.5-3.5% next year. The IMF said this in a press release following the sixth review of the Extended Fund Facility (EFF) Arrangement for Ukraine, according to Ukrinform. "The economy has continued to show resilience despite the devastating challenges arising from Russia's war in Ukraine, which has now lasted 1,000 days. Real GDP growth is expected at 4 percent in 2024, but a slowdown to 2.5-3.5 percent is forecast for 2025, reflecting headwinds from energy infrastructure damage and labor shortages," the…
Read More
Parliament calls on intl community to unite efforts to restore Ukraine’s territorial integrity

Parliament calls on intl community to unite efforts to restore Ukraine’s territorial integrity

The Verkhovna Rada, Ukraine’s parliament, has adopted an appeal to the parliaments and governments of foreign countries, international organizations and their inter-parliamentary assemblies as Ukraine marks 1,000 days since Russia's full-scale invasion. A total of 324 MPs supported the relevant initiative, No.12196, according to an Ukrinform correspondent. The appeal, in particular, calls for the active participation of UN member states in the implementation of the Victory Plan proposed by the President of Ukraine, which is a mechanism for implementing Ukraine’s Peace Formula. On behalf of the Ukrainian people, the Verkhovna Rada called on its partners to join forces to restore…
Read More
Zelensky, Frederiksen inspect Ukrainian long-range drones procured with Denmark’s support

Zelensky, Frederiksen inspect Ukrainian long-range drones procured with Denmark’s support

President of Ukraine Volodymyr Zelensky and Prime Minister of Denmark Mette Frederiksen met with Ukrainian manufacturers of long-range drones and the soldiers who operate them. That is according to the president’s press service, Ukrinform reports. The leaders were briefed on the technical characteristics of these means of destruction, as well as the specifics of their use. In particular, Volodymyr Zelensky and Mette Frederiksen were shown long-range drones, which are procured according to the Danish model: funds are provided for contracts already concluded between the State Enterprise “Defense Procurement Agency” and manufacturers. “Denmark is a friend we can truly rely on.…
Read More
Six European countries reaffirm support for Ukraine in its fight against Russian aggression

Six European countries reaffirm support for Ukraine in its fight against Russian aggression

The foreign ministers of Germany, France, Poland, Italy, Spain and the United Kingdom have reaffirmed they will continue steps to deter Russian aggression, including through further support for Ukraine. This is stated in a joint statement by the ministers following a meeting in Warsaw on November 19, Ukrinform reports. “Russia is systematically attacking European security architecture. Russia‘s reckless revisionism and constant refusal to stop the aggression and engage in meaningful talks challenges peace, freedom and prosperity on the European continent and in the transatlantic area,” the ministers said. They noted that Russia is increasingly reliant on partners such as Iran…
Read More
Zelensky: Denmark announces new aid package that will raise Ukraine’s long-range capabilities

Zelensky: Denmark announces new aid package that will raise Ukraine’s long-range capabilities

Denmark has announced a new military support package for Ukraine. President Volodymyr Zelensky said this at a joint press conference with Danish Prime Minister Mette Frederiksen, an Ukrinform correspondent reports. “Today we have a new support package from Denmark. This package is focused primarily on the long-range capabilities that our country urgently needs," Zelensky said. Read also: Ukraine, Europe together can put pressure on Putin to achieve just peace - Zelensky Zelensky also recalled that in cooperation with Denmark, a special model for developing Ukraine's defense industry has been created, which allows other countries to unite around investments in weapons…
Read More
World Bank to allocate $662M to Ukraine for social protection

World Bank to allocate $662M to Ukraine for social protection

The Cabinet of Ministers of Ukraine has approved a decision on raising a $662 million loan from the International Bank for Reconstruction and Development (IBRD) to finance social protection programs. The government's permanent representative in the Verkhovna Rada, Taras Melnychuk, announced this on Telegram, Ukrinform reports. “It was recognized as expedient to attract a loan from the International Bank for Reconstruction and Development as additional financing for the implementation of the Investing in Social Protection for Inclusion, Resilience, and Efficiency (INSPIRE) project in the amount of USD 662 million,” Melnychuk said. Read also: Ukraine to attract more than $1B from…
Read More
Ukrnafta signs agreement with Shell to acquire filling stations – Naftogaz CEO Chernyshov

Ukrnafta signs agreement with Shell to acquire filling stations – Naftogaz CEO Chernyshov

Ukrnafta PJSC, which is part of Naftogaz Group, and the international company Shell have signed an agreement for Ukrnafta to acquire a 51% stake in Alliance Holding LLC. The relevant statement was made by Naftogaz Group’s press service, an Ukrinform correspondent reports. “In the coming days, Ukrnafta, which has been selected as the winner of the competitive process, will join Shell in applying to the Antimonopoly Committee for merger clearance, a prerequisite for completing the transaction. Following approval, the company will be able to complete the transaction and assume all shareholder rights and obligations,” the report states. As noted by…
Read More
Ukraine, Europe together can put pressure on Putin to achieve just peace – Zelensky

Ukraine, Europe together can put pressure on Putin to achieve just peace – Zelensky

The European Parliament and all of Europe have stood firm in their support for Ukraine over the 1,000 days since the start of Russia’s full-scale invasion, and now European countries, along with Ukraine, can put their pressure on Putin to force Russia into a just and lasting peace. President Volodymyr Zelensky of Ukraine stated this today in a video address to the participants of the extraordinary plenary meeting of the European Parliament to mark 1,000 days since the start of Russia’s full-scale war against Ukraine, reports an Ukrinform correspondent. A video recording of his speech is available on the EU…
Read More