Category: 9. Business

Kaja Kallas, recently appointed as the EU’s top diplomat, will deal with war in the Middle East, threats to economic security from China, and the struggle to win over a skeptical Global South that Moscow and Beijing are both trying to woo. But the most critical task she will be entrusted with… Continue Reading

On July 1, Hungary accepted the presidency of the EU Council from Belgium, which will last for six months. Budapest will chair the body for the second time and will be replaced by Poland in December. The motto of Hungary’s presidency is “Let’s make Europe great again.” The main element… Continue Reading

This proposal, which will be presented at the summit in Washington, will guarantee the Alliance’s long-term commitment to Ukraine’s security and is perceived as a bridge to Kyiv’s future membership. According to the NYT, Ukraine and some Central European countries hope that at the… Continue Reading

Stopping the flow of cheap Russian fertilizers could drive European producers out of business, threatening long-term global food security. In particular, 33% of urea imports, the cheapest form of nitrogen fertilizers, come to the EU from Russia. Last year, the volume of deliveries came close to… Continue Reading

A flow of cheap Russian fertilizers could drive European producers out of business, threatening long-term global food security. In particular, 33% of urea imports, the cheapest form of nitrogen fertilizers, come to the EU from Russia. Last year, the volume of deliveries came close to setting a… Continue Reading

According to The Economist, Ukraine is facing a looming financial crisis, because the two-year deferral of debt service payments that the country’s creditors agreed to is about to expire. The deferrered payments amount to 15% of Ukraine’s GDP annually – these costs would become the second… Continue Reading

The Ministry of Finance reported that the largest revenues were from international partners and domestic state loan bond (OVDP) issuance. External financing amounted to $13.8B, and the largest donors were: The European Union with $8.5B Japan – $2.1B Canada – $1.5B The IMF – $881M In… Continue Reading

Representatives of the ministries of agriculture from BRICS (Brazil, Russia, India, China, South Africa), an international organization of the largest developing countries in terms of area and population, support Moscow’s initiative to create a BRICS grain exchange, where member countries… Continue Reading

The IMF’s negative scenario assumes that the war will end by the end of 2025 (compared to the end of 2024 in the baseline scenario) and that the shock will start in the third quarter of 2024. This will affect business and household sentiment and the pace of migrant returns, accelerated by… Continue Reading

In June, businesses again negatively evaluated the results of their activity. According to the NBU, the Business Expectations Activity Index decreased to 43.6 from 48 in May. Rising costs due to electricity shortages and tariff increases, weak investment demand, and a significant shortage of… Continue Reading