Category: 9. Business
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Ukrainians are increasingly buying foreign currency. The NBU had to increase interventions to a three-month high.
According to ICU analysts, demand for foreign currency among Ukrainians remains at a very high level and is forcing the NBU to sell large volumes of it from its international reserves to maintain the hryvnia exchange rate at close to the current level and reduce inflationary pressure. Total net… Continue Reading
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A Ukrainian household goods market leader has resumed product deliveries to Central Asia.
After a long pause, Biosphere Corporation, one of the largest in Ukraine in the household goods market, has relaunched its business in Uzbekistan. In the week since the first shipment, eight of the largest regions of Uzbekistan have already beensupplied. Diversifying the company’s geography… Continue Reading
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A Turkish company has acquired a controlling stake in a Ukrainian equipment manufacturer for the oil and gas industry.
Dalgakiran Group, a Turkish industrial equipment manufacturer, has acquired a controlling stake in Ukrainian company Sensi, which specializes in producing gas compressors and specialized equipment for the oil and gas industry. Thus, Dalgakiran will gain access to unique technologies and… Continue Reading
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Biden will gather the European Quartet in Germany to help Ukraine; Scholz will ask for increased military support at the EU summit.
US President Joe Biden is scheduled to visit Germany to meet with European leaders on October 18 and discuss support for Ukraine, including military aid. According to CNN, Biden will meet with German Chancellor Olaf Scholz, French President Emmanuel Macron, and British Prime Minister Keir… Continue Reading
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Significant deepening of relations and a new level of desperation: North Korean military involvement in the Russian war against Ukraine.
If the information about the participation of North Korean military personnel on Russia’s behalf in the war against Ukraine is confirmed, it would indicate a significant deepening of relations between Russia and North Korea, said White House National Security Advisor John Kirby. It will also… Continue Reading
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Zelenskyy presents the Victory Plan for Ukraine to the Ukrainian Parliament.
The Victory Plan consists of five points and three secret annexes that have been provided to Ukraine’s partners. The five points are: The first point is geopolitical, and presupposes Ukraine’s invitation to join NATO immediately. The second point emphasizes the importance of shooting down… Continue Reading
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The EU is ready to end Russian gas transit through Ukraine and condemns Hungary for its agreements with Gazprom,
said European Commissioner for Energy Kadri Simson after a meeting of energy ministers in Luxembourg. “We knew this contract would expire before the end of the year. The EC is working closely with the most affected member states to prepare for a zero-transit scenario. Central and Southeastern… Continue Reading
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US Deputy Under Secretary for International Finance Brent Nieman is confident that the IMF will approve a new $1.1B tranche for Ukraine.
The IMF approved the tranche’s provision at the working level on September 10, but the Fund’s executive board still needs to give its final approval. “Ukraine has already undergone several reviews of the IMF program exceptionally well and completed the fifth review about a month ago. It… Continue Reading
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US Deputy Under Secretary for International Finance Brent Neiman is confident that the IMF will approve a new $1.1B tranche for Ukraine.
The IMF approved the tranche’s provision at the working level on September 10, but the Fund’s executive board still needs to give its final approval. “Ukraine has already undergone several reviews of the IMF program exceptionally well and completed the fifth review about a month ago. It… Continue Reading
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Will the FATF decision destroy the aggressor country’s economy?
The Financial Action Task Force (FATF) will decide on October 22 whether to add Russia to its blacklist. Publicly, the FATF has stated that it considers Russia’s aggression unacceptable, but in practice, downgrading Russia’s rating requires a consensus of all members. The organization… Continue Reading