S&P Global believes that post-war migration flows of Ukrainians could positively influence economic growth in Central and Eastern Europe. Analysts highlight that nearly half of Ukrainian refugees in the EU currently reside in 11 Central and Eastern European countries…
Category: 9. Business
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While Russia continues to test NATO’s resolve, Poland decides to shoot down Russian planes that violate its airspace.
On Sunday September 21, a Russian Il-20 reconnaissance aircraft entered NATO airspace with its transponders turned off and ignored attempts to establish communication. Germany scrambled two Eurofighters to intercept the Russian plane, and Sweden also scrambled two Gripen…
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Lithuania sees Ukraine as already serving as a guarantor of the eastern flank’s security within the EU and NATO and believes in its future membership in the Alliance.
Lithuanian Foreign Minister Kęstutis Budris asserts that Ukraine’s NATO membership remains on the agenda, with the country currently integrating into the Alliance smoothly. He explained, “At the NATO summit, the wording on Ukraine’s accession was agreed upon –…
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The EU might implement an alternative plan for Ukraine’s integration despite Hungary’s veto.
Lithuanian Foreign Minister Kęstutis Budris said that the EU should consider a “plan B” to unblock negotiations with Ukraine, which are currently stalled due to Hungary’s veto. He emphasized that the normal enlargement process is based on the principle that a…
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A Ukrainian developer of autonomous drone solutions has raised $1M to fund its rapid expansion.
Ukrainian startup Norda Dynamics, which develops software for autonomous drone control, secured $1M for expansion. The funding round was led by Swedish investment firm Varangians, with Ukrainian funds Angel One, MITS Capital, the angel syndicate United Angels Network,…
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The US promises to defend Poland and the Baltic states if Russia continues to escalate, but also plans to reduce its military support for Europe.
President Donald Trump stated that the US will assist Poland and the Baltic states in defending themselves if Russia decides to escalate its aggression further. He also expressed that he “does not like” the recent incursion of Russian fighter jets into Estonian…
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Despite the war, Ukraine is experiencing a resurgence in wind farm construction.
According to Deputy Chairman of the Ukrainian Wind Energy Association Mykola Savchuk, although 69% of domestic wind farms are currently located in territories temporarily occupied by Russia, the construction of wind power capacities in the central and western parts of…
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Ukrainian farmers are expanding the export of farm products.
According to experts, India is currently the largest importer of Ukrainian peas, and China is also opening its market for this product in 2025, with initial deliveries to China currently being finalized. Ukraine now ranks 6th or 7th among the world’s pea exporters,…
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Ukrainian consumers have surpassed businesses in the growth of their demand for loans.
In Ukraine, financial institutions have issued ₴1.23T in loans to both businesses and individuals as of early August this year. This amount is 15% higher than last year and 26% more than in 2021. According to Opendatabot, businesses borrowed the most money –…
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The Russian economy is expected to contract to a virtual standstill due to sanctions and declining exports.
After experiencing growth supported by increased military expenditure in 2023-2024, the Russian economy has sharply contracted, with July’s GDP growth estimated at just 0.4% year-over-year, reported The Economist. Additionally, exports of goods in the first quarter of…
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