Category: 9. Business

EU defense and space commissioner Andrius Kubilius wants the next seven-year EU budget to include around €100B for defense needs. The current seven-year EU budget, which exceeds €1T, only includes €10B for defense. Kubilius said rebuilding the EU defense industry… Continue Reading

According to a report by the Center for the Study of Democracy (CSD), from January to August 2024 the EU bought almost 20% more fuel from three major Indian refineries that use Russian oil than last year. This is despite the EU’s attempts to impose a price cap of $60… Continue Reading

According to a report by the Center for the Study of Democracy (CSD), from January to August 2024 the EU bought almost 20% more fuel from three major Indian refineries that use Russian oil than last year. This is despite the EU’s attempts to impose a price cap of $60… Continue Reading

In 2020, supplies of Ukrainian cement to Poland amounted to 32,000 tons, in 2021 – 52,600 tons, in 2022 – 101,700 tons, in 2023 – up to 340,000 tons. This year, imports from Ukraine are expected to reach over 500,000 tons, and next year – 1.5 million tons. Before… Continue Reading

According to the State Customs Service, Ukraine’s trade turnover in January-November amounted to $101.9B: imports – $63.6B, exports – $38.3B. Ukraine imported the most goods from China – $13B, Poland – $6.3B and Germany – $4.8B. Ukraine exported the most to… Continue Reading

As of October 31, 2024, more than 4.198 million Ukrainians who left Ukraine after the start of the full-scale Russian invasion had temporary protection status in EU countries. Compared to the end of September, the increase is 1,100 people. Germany remains the EU country… Continue Reading

French President Emmanuel Macron persuaded US President-Elect Donald Trump to meet with his Ukrainian counterpart in Paris, where world leaders have gathered to reopen Notre Dame Cathedral. After the meeting on December 7, Trump said that Zelenskyy and Ukraine would like… Continue Reading

The US will provide Ukraine with hundreds of thousands of additional artillery shells, thousands of missiles, and hundreds of armored vehicles by mid-January, stated the US President’s National Security Advisor, Jake Sullivan, at a meeting with the Head of the… Continue Reading

An EU summit, the first under Antonio Costa’s European Council presidency, will be held on December 19. “The situation in Ukraine will be at the center of our discussions. We must stay with Ukraine for as long as necessary and do everything possible to ensure that… Continue Reading

Fitch Ratings has affirmed Ukraine’s long-term foreign currency rating at restricted default (RD) as Ukraine continues to restructure its external debt. “Ukraine’s foreign currency issuer default rating will remain at RD until Fitch assesses the completion of swaps… Continue Reading