Category: 9. Business
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Ukraine will restore only 7% of its power generation needs by winter.
Before the heating season, Ukraine can restore 200-250 MW of generation (or 7.1%) of the required 3.5 GW, said Oleksandr Kharchenko, director of the Energy Research Center. According to him, work is proceeding in many directions, and projects are already being implemented. However, even the… Continue Reading
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NATO will send a clear message about Ukraine’s membership prospects in Washington.
At the upcoming Alliance summit in Washington, NATO Secretary Jens Stoltenberg said, there will be “no dates” regarding Ukraine’s membership. “I expect that we will reach an agreement on the wording, which will send a clear message about Ukraine’s membership prospects and that Ukraine… Continue Reading
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Ukrainian eurobonds drop in value following creditors’ refusal to write part of the debt off.
The value of Ukrainian Eurobonds fell during trading on June 17, showing one of the worst performances for emerging markets. The country’s eurobonds weakened across the curve, with bonds maturing in 2035 falling the most since April to ¢25.78 per $1. Before that, the Ministry of Finance… Continue Reading
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Italy will give Ukraine long-range Storm Shadow missiles, and Germany will send the Frankenstein air defense system.
Italy will transfer long-range Storm Shadow missiles to Ukraine as part of its ninth aid package, which Defense Minister Guido Crosetto will present to the parliament by the end of this month. The exact number of missiles that will be included in the future aid package is still unknown. The… Continue Reading
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Rheinmetall wants to produce a hybrid tank and anti-aircraft defense in Ukraine to increase the air defense effectiveness for ground forces.
According to Bild, Rheinmetall has integrated a 35mm Skyranger short range air defense turret onto a Leopard tank chassis, rather than the original Skynex mobile, modular anti-aircraft artillery system. This will provide a lower cost system that is able to move over rugged terrain with other… Continue Reading
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Spending on nuclear weapons reached a record $91B; this is enough to provide greenenergy for 12 million homes.
As reported by the International Campaign to Abolish Nuclear Weapons (ICAN), the nine states that possess nuclear weapons spent $91.4B on them last year. This spending is effectively useless, as the nuclear states agree that a nuclear war is unwinnable, so one should not be conducted. At the… Continue Reading
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Ukraine has great potential in solar energy, and the industry needs almost €5B in investment by 2030.
According to a study by Berlin Economics, in the years before the start of Russia’s full-scale aggression the share of solar energy in the total volume of Ukraine’s electricity production increased significantly, from 5.9 GW in 2018 to 8.06 GW in 2022, and growth in solar generation… Continue Reading
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Ukraine’s Glovo delivery service grew by 23% from its pre-war indicators, and the Spanish company plans to continue investing.
The company reestablished the business volumes it recorded before the full-scale invasion by the Russian Federation by November 2022, the co-founder of the service, Sasha Misho, and the Director of Glovo Ukraine, Maryna Pavlyuk, said. Ukraine is the third largest market for Glovo, Micho noted…. Continue Reading
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Japan will provide $188M in grants to Ukrainian businesses and hold a conference on demining Ukraine.
The Ministry of Economy and the United Nations Industrial Development Organization (UNIDO) has launched a project to transfer Japanese technologies to Ukraine, which Japan will fund. As part of the initiative, businesses will be able to receive a grant of up to $10M with a total project budget… Continue Reading
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The EBRD will finance 50% of the merger between Ukrainian telecom operators.
The EBRD will provide $217.5M, half of the $435M allocated jointly with the IFC, to finance the creation of a combined company, Datagroup-Volyaand Lifecell, following the completion of the purchase agreement for Turkcell’s Ukrainian assets by French NJJ Capital. “Financing will enable… Continue Reading