The Ukrainian Parliament approved legislation that would strip the country’s anti-corruption agencies of their independence and could hinder efforts to combat high-level corruption. The changes effectively place the National Anti-Corruption Bureau (NABU) and the…
Category: 9. Business
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Deteriorating relations with Trump will not compel Putin to end the war; Russia plans extensive rearmament.
According to The Guardian, Putin does not seem embarrassed by the first tangible rift between US President Donald Trump and Moscow, indicating that the Russian dictator has long anticipated this development. Although Russia considers the worsening of ties with Trump…
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The Russian oil business is under pressure: The US hopes that Europe will join secondary sanctions against buyers of Russian oil.
US Treasury Secretary Scott Bessent said that the Washington expects its European allies to join potential secondary tariffs against countries that help Russia, particularly by purchasing its oil. These sanctions could be implemented if Russia does not meet the…
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Energy system integration: Ukraine’s parliament approves draft law on unification of Ukrainian and EU electricity markets.
The Ukrainian Parliament adopted in the first reading a draft law that establishes the foundations for the phased integration of Ukraine’s electricity market into the EU’s single energy space. This draft law is based on nine key EU regulatory acts governing energy…
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Energy independence through solar power plants: Businesses across various industries are investing in green energy.
A 200 kW solar power plant installed by furniture manufacturer Pavlyk M from Transcarpathia has saved €19,400 in just three and a half months of operation. The factory, which exports products to over 15 countries, consumes about 300 kW per hour, with 200 kW of that…
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Ukraine needs $120B for defense in 2026, with 50% of this amount expected to come from its allies.
According to Defense Minister Denys Shmyhal, Ukraine will require at least $120B for its defense needs in 2026, and efforts are currently underway with EU and NATO member states to secure half of this amount through support from allies.
The new Defense Minister outlined…
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Drones, missiles and air defense reinforcement: Ukraine’s allies announce hundreds of millions in support.
At the 29th Ramstein format meeting, which was attended by 52 countries and organizations, Ukraine’s international partners confirmed their support for Ukraine in its fight for freedom and peace. The US, Canada, and EU countries announced additional assistance packages…
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Banks forecast a rise in capital inflows from consumers and businesses.
According to a survey of banking market players by the NBU, banks increased their customer acquisition and wholesale funding in the second quarter. The rise in the average cost of funding in the second quarter was mainly due to increased costs in retail funds, while the…
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South Korea will fund the construction of a modern waste processing plant in Odesa costing over $300M.
Odesa Deputy Mayor Anna Pozdnyakova stated that a waste processing plant with a price tag of over $300M will be built in the Peresypsky district of the city under an intergovernmental agreement with South Korea. The project will follow the Korean WtE (waste to energy)…
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Ukraine and France are strengthening their defense industry cooperation through partnerships between companies.
The Ukrainian Council of Gunsmiths and the French Land and Airland Defense and Security Industries Association (GICAT) have signed a memorandum of strategic cooperation, marking a new chapter in the relationship between their defense sectors. GICAT represents 480 French…
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