Category: 9. Business
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Banks invested 25% in OVDP, so the NBU sees no need for further stimulation.
The National Bank believes there is no need to stimulate banks to increase investments in domestic government bonds (OVDP). In January 2023, banks introduced the possibility of covering mandatory reserves thanks to the benchmark OVDP. However, starting mid-February this year, the MoF did not… Continue Reading
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Due to the war, Ukrainian farmers have already lost more than $50B, and the heat will deprive Ukraine of 5 million tons of harvest.
Since the beginning of the full-scale invasion, the agricultural infrastructure of Ukraine has suffered losses of more than $50B, said the Deputy Chairman of the All-Ukrainian Agrarian Council, Denys Marchuk. He emphasized that the enemy began to make intensive targeted strikes on the fields to… Continue Reading
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One more Russian industry has problems with exports due to the strengthening of American sanctions and the mass blocking of bank payments.
Thus, Russian metallurgists faced a sharp drop following coal companies, which lost 17% of exports in January-June. According to Russian Railways, the export of metals by rail decreased by 14% compared to the corresponding period last year – to 13.1 million tons. TMK, Russia’s largest… Continue Reading
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Orban presented his “peace plan” for Ukraine to EU leaders while Ukraine prepares its peace plan for the second Peace Summit and insists on Russia’s participation.
Prime Minister of Hungary Viktor Orban, after trips to Kyiv, Moscow, Beijing, and Washington, sent his “peace plan” to the leaders of the European Union. According to this plan, the US, Europe, and China will play decisive roles in peacekeeping efforts. Turkey may also be involved in this… Continue Reading
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The EU will boycott the foreign affairs summit initiated by Budapest because of Orban’s “peaceful” policy towards Ukraine.
Hungary, which presides over the Council of the EU, plans to hold a summit of the bloc’s foreign ministers in Budapest on August 28-29. However, the EU’s ministers, with the exception of Hungary, plan to disrupt the summit by organizing their own meeting simultaneously. After Orbán blocked… Continue Reading
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Russia is preparing a new offensive in the Kharkiv region and from the north, while Lukashenko is withdrawing his troops from the borders and calling for negotiations.
The ISW says that the enemy’s command structure is regrouping troops in the Hlyboki area in the Kharkiv region to resume its offensive operations. In the Vovchan region, the Russian army is preparing for further offensive actions by amphibious assault groups. According to Russian military… Continue Reading
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Spain is providing Ukraine with Leopard tanks and other military aid, and France is preparing Mirage fighter jets for delivery.
Spain has sent a new batch of military assistance to Ukraine, which includes 10 refurbished Leopard 2A4 tanks, various excavators, and anti-tank missiles. With this shipment, the total number of tanks that Spain has transferred to Ukraine now reaches 20. The next batch is planned to be… Continue Reading
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In June, Ukrainians’ consumer sentiment worsened sharply.
The Ukrainian consumer sentiment index decreased by eight points in June to 64.5. According to a study, all components of the indicator decreased. The index of the current situation has decreased to 50.9 points, which is 4.7 points lower than in May. At the same time, Ukrainians are not… Continue Reading
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The NBU insists on further narrowing the state’s 5-7-9% preferential lending program.
The Affordable Loans 5-7-9% state program, despite recent changes that narrowed the financing limit of working capital to ₴5M, is still not sufficiently focused on helping businesses that need it, commented the NBU’s Director of the Financial Stability Department, Pervin Dadashova. “There… Continue Reading
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Ukraine suffers from a shortage of building materials; industry professionals offer ways to solve the problem.
The CEO of Konstruktiv, a company distributor of building materials, Volodymyr Horoshchuk, said that due to the war and the need for reconstruction, the company faces a critical question: Where can they obtain materials at affordable prices? After all, the leading construction material… Continue Reading