Category: 9. Business
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The US, Australia, Norway, and Canada are sending Ukraine hundreds of millions of dollars in security aid.
US President Joe Biden announced a new package of military assistance for Ukraine, which is the eighth since the signing of the supplemental appropriations act in support of Ukraine, Israel, and other US allies. According to Biden, the situation in Ukraine has changed over the past few months,… Continue Reading
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Ukraine’s armed forces seek permission to destroy enemy aircraft in Russian territory; Ukraine can strike any point in Crimea.
For Ukraine to cope with Russian aviation, first of all, international partners must agree to allow Ukraine to strike Russian military targets near the borders and further from them, said Nazar Voloshyn, the spokesman for the Khortytsia operational-strategic strike group. As he clarified,… Continue Reading
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Deposit yields in Ukraine continue to fall, but loan rates are also falling.
In June, the average interest rates on new hryvnia consumer deposits amounted to 10.8% per annum, 0.2 percentage points lower than a month ago, according to the National Bank. Interest rates on new deposits for the public in foreign currency remained at 1%. Therefore, rates on hryvnia deposits… Continue Reading
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Transcarpathia is investing more than €36M in a processing industrial park.
A new industrial park, EKO Mukachevo, will be constructed in the city of Mukachevo in Transcarpathia. According to the park’s concept, processing enterprises will be created in the industrial park. They will be engaged in woodworking, paper and paper product production, and printing product… Continue Reading
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Ukraine is developing winemaking and is looking for an investor for an agricultural company with rare wine cellars in Transcarpathia.
The head of the State Property Fund (SPFU), Vitaliy Koval, said that Transcarpathia has ambitious plans to develop its wine industry. In particular, the Leanka enterprise, known for its unique wine cellars, is actively being prepared for privatization through Prozorro.Sales auction. It will… Continue Reading
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The US will not participate directly in the war in Ukraine but promises its support; NATO identifies the primary Russian allies.
The head of the Pentagon, Lloyd Austin, said at the NATO Summit that the US will not be involved in the war in Ukraine but will continue to support Kyiv. According to him, after Putin invaded Ukraine NATO became “bigger than ever.” Austin continued by saying, “And make no mistake:… Continue Reading
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NATO countries are ready to accept Ukraine into the Alliance, but there is a lot of work ahead.
“All allies agree that Ukraine will become a member of NATO,” but it is still too early to say when this will happen, the head of the organization, Jens Stoltenberg, said at the NATO summit. The Alliance will continue to support Ukraine “on the irreversible path to full Euro-Atlantic… Continue Reading
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Ukrainian companies are developing the newest Turkish fighter jet.
Ukrainian companies are participating in developing the KAAN, Turkey’s fifth-generation fighter jet, Ukrainian Ambassador to Turkey Vasyl Bodnar said. As he specified, Ukrainian companies have joined the development of a promising engine and a promising fifth-generation aircraft – the KAAN… Continue Reading
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Orban met with the leader of Turkey, which is balancing between good relations with Russia and supplying weapons to Ukraine.
Hungarian Prime Minister Viktor Orbán announced that he is continuing his “peacekeeping mission” and met with the President of Turkey in Washington. He called Istanbul an “indispensable player” in peacemaking efforts. Orbán also asked Recep Erdogan to “join the peacekeeping… Continue Reading
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Britain promises to provide Ukraine with £3B of military support a year as long as it needs.
British Prime Minister Keir Starmer told Volodymyr Zelenskyy at the NATO summit that the new government will stick to its plans to spend at least £3B every year on military support for Ukraine “as much as it takes.” Starmer confirmed that military aid would continue until at least… Continue Reading