Category: 9. Business

As noted by the Ministry of Economy, in January through May the trend of slowing inflation continued; consumer inflation was the lowest in recent years – 2% since the beginning of the year. Annual inflation in May was 3.3%, below the NBU’s target range (5%). The current “sluggishness” of… Continue Reading

At the beginning of this year, the EDS Ukraine group, under the leadership of Oleksandr Zapyshny, planned large-scale investments in the production of transformers and chargers for high-power electric vehicles. The company planned to build a new workshop with an area of ​​4,000 square… Continue Reading

For two years, the Russian economy ignored the sanctions levied against it and grew steadily, which has led the World Bank to raise the Russian Federation’s income level rating from an “above average income” to a “high income” country. Data from the World Bank show that Russians… Continue Reading

According to analysts, almost 92,000 individual entrepreneurs (FOP) ceased their activities in Ukraine in the first half of the year, which is 54% more than in the same period last year. The most significant number of entrepreneurs closed in May and January – more than 16,000 each month. Most… Continue Reading

The leaders of the G7 countries have agreed that each will provide Ukraine with a loan that will be repaid with the annual profit generated by frozen Russian assets. Politico believes that this process will be delayed because US authorities must first obtain Congressional approval for such a… Continue Reading

The Alliance plans to send a high-ranking civilian official to Ukraine to coordinate military logistics. In Wiesbaden, Germany, a new command center will be created to control the delivery of military equipment and weapons and coordinate training of the Armed Forces of Ukraine. About 700 US and… Continue Reading

These funds, $16B, were provided through the Extended Fund Facility (EFF) program. Prime Minister Denys Shmyhal said this will help the government finance critical budget expenditures, social assistance, and salaries for doctors and teachers. It should be noted that this is the fifth tranche… Continue Reading

The Czech-Ukrainian company, UAC, near Kolin, began producing military drones exclusively for the Ukrainian army. The company plans to make hundreds of surveillance and attack drones every year. The machines are being constantly adapted to the Ukrainian military’s changing needs. “We… Continue Reading

By 2026, Latvia plans to build a factory to produce modular powder charges for artillery ammunition with a capacity of 50,000 charges per year. Construction and equipment purchase costs will amount to €12M, of which €1M will be co-financed by the EU. Purchasing raw materials to produce this… Continue Reading

By 2026, Latvia plans to build a factory to produce modular powder charges for artillery ammunition with a capacity of 50,000 charges per year. Construction and equipment purchase costs will amount to €12M, of which €1M will be co-financed by the EU. Purchasing raw materials to produce this… Continue Reading