Category: 9. Business

Ukraine’s Security Service struck an airfield in Saky, in annexed Crimea, overnight on Monday, targeting five fighter jets used by Russia for its regular attacks on Ukraine. The SBU stated that drones from its Special Operations Centre destroyed one SU-30SM aircraft,…

US State Department Deputy Spokesperson Mignon Houston, commenting on the war in Ukraine, said that the United States seeks lasting peace in the region. According to her, Washington wants to continue to providing support with its ally, Kyiv, which is calling for a…

Poland has signed a $6B contract with South Korea to purchase 180 K2 tanks. The expansion of Poland’s tank forces is driven by the full scale war being waged against Ukraine by Russia and the crisis on the Belarusian border that has been ongoing since 2021. Notably,…

According to estimates from the Main Intelligence Directorate of Ukraine’s Ministry of Defense that analysts have access to, the war in Ukraine accounts for 13.1% of Russia’s GDP, or 68% of the entire federal budget. Additionally, substantial funds are also being…

The National Bank of Ukraine has now estimated that the electricity deficit will be at 1% by the end of this year compared to the previous estimate of 3%. It is also forecasted that in 2026 the deficit will stay at 1%, including imports. By 2027, the need for electricity…

The State Property Fund has announced an auction for the sale of the state-owned stake in the Titanium Institute with an initial price of ₴99.77M ($2.4M). The auction will be held on August 12. The Titanium Institute is the only comprehensive research and design…

Maintaining the discount rate at 15.5% in the second quarter of 2025 supported high yields from hryvnia instruments and encouraged demand from the public. At the same time, this did not hinder the active growth of loans to businesses and individuals, according to the…

The National Bank of Ukraine projects that the net migration outflow this year will be around 200,000 people. According to the bank’s inflation report, migration outflows are forecasted to continue at a similar level in 2026. However, net return migration is expected…

OPEC+ countries agreed to boost oil production by 547,000 barrels per day in September amid worries about possible disruptions to Russian crude supplies. The eight OPEC+ countries’ decision comes as the US intensifies its pressure on India to halt purchases of Russian…

Ukraine’s largest poultry producer, MHP, has finalized a deal to acquire over 92% of UVESA Group’s authorized capital, making it a leader in the Spanish food industry. The transaction was officially concluded after obtaining all necessary permits from Ukrainian,…