Category: 9. Business

Ambassador of Ukraine to Turkey, Vasyl Bodnar, noted: “Turkey traditionally plays an important role in Ukraine’s foreign trade. In 2023, the total trade volume was approximately $7.5B. After the start of free trade, Ukraine and Turkey will quickly reach the goal of $10B in bilateral trade,… Continue Reading

The Energy Institute (EI) has released its annual World Energy Statistical Review, which for the first time presents comprehensive global energy data for 2023. The analysis showed that: Total primary energy consumption reached an all-time high, increasing by 2% compared to 2022. Fossil fuel… Continue Reading

Ukraine’s government approved changes to the state budget that include a proposed spending increase of ₴500.3B, of which ₴495.3B would be directed to the security sector and defense. The head of the parliament’s budget committee, Roksolana Pidlasa, specified that the funds would be… Continue Reading

Deputy Minister of Economy Oleksiy Sobolev noted that over the past 1.5 years, the scope of joint work between the Ministry and the Security Council has grown significantly in many areas. Among other things, the government is working to coordinate partners in economic reforms. Also, the… Continue Reading

Agrarian holding Nibulon announced the beginning of partnership cooperation with the Ukrainian Danube Shipping company. The contract’s terms provide for using one caravan of the UDP fleet to transport Ukrainian grain from Izmail to the Romanian port of Constanta. Currently, the Bessarabska… Continue Reading

US presidential candidate Donald Trump considers easing sanctions against Russia as one of the components of his plan to end the war in Ukraine. “With sanctions, we push everyone away from us. That’s why I don’t like sanctions,” Trump said. He recalled that he had good relations with… Continue Reading

€200M from EBRD will support Naftogaz of Ukraine in creating strategic reserves of natural gas and supporting energy security. The corresponding guarantee agreement was signed by the Minister of Finance of Ukraine, Serhiy Marchenko, and the Managing Director of the EBRD for Ukraine and… Continue Reading

The G7 members are currently negotiating the allocation of aid to Ukraine following the agreement that the G7 leaders reached in June at the summit in Italy to provide a $50B loan backed by proceeds from frozen Russian assets. The US and the EU are expected to take on $20B each, and Japan,… Continue Reading

The King of the United Kingdom, Charles III, delivered a speech about the new Labour Party government’s program, which also mentioned Ukraine. Charles III emphasized London’s “unshakable commitment to NATO” and the need to build a “strong defense.” “My government will continue to… Continue Reading

Against the background of the difficult situation with the country’s energy system, the Respublika Park shopping center switched to using imported electricity. Earlier, the Gulliver shopping center made the same decision in order to ensure the facility’s stable operation and support the… Continue Reading