Page 102 - UKRRptDec23

Administration, despite the second challenging year in wartime conditions, agriculture in the Rivne region is developing, and farmers are showing extraordinary resilience. Farmers in the Rivne region are building an 11,000-head pig complex, a cattle farm for 1,000 animals. Additionally, they are creating processing plants to refine oil and process industrial hemp, building a workshop to process soybean seeds, and frozen storage for organic berries. In addition, several enterprises are expanding their grain storage facilities. As Rivne Director of the Department of Agro-Industrial Development Nadiya Perekhodko reported, among the leading agrarian results of 2023: an 80% increase in buckwheat production, soybean production by 30%, and production of all types of animal husbandry products increased. As well, meat production increased by 25% and milk production by 13%.
9.1.7 TMT sector news
Over the past 15 years, Ukrainian IT companies have attracted almost $3.7B in investments. Since 2009, Ukrainian IT companies have participated in 1,798 transactions, 1,519 of which involved a total of about $3.7B and 248 involving mergers and acquisitions totaling $4.3B. After February 24, 2022, the Ukrainian IT market saw a decrease in investment. Out of 18 active local investment funds operating in Ukraine for over a year, only six continued their activities after the invasion. But at the same time, seven new funds were added. In 2022, the Ukrainian market received 98 investments, 27% less than the 134 taken in during the pre-war year of 2021. In monetary terms, those 98 investments totaled $613M, compared to $943M for 134 deals in 2021. in the first half of the current year, Ukrainian IT enterprises attracted 42 investments worth $92M. Regarding the considerable difference in money between 2022 and 2023, which has not yet ended, it is worth noting that most deals in the first half of 2022 were often agreed upon and sometimes even formalized before the invasion.
102 UKRAINE Country Report December 2023 www.intellinews.com