US Treasury Secretary Scott Bessant stated that the potential reconnection of Russian banks to the SWIFT international banking system will depend on future actions by Russian authorities. Commenting on the conditions proposed by Russia for a truce in the Black Sea,…
Category: 9. Business
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Ukraine summarizes its energy infrastructure losses suffered in the Russian invasion.
Before the full-scale conflict began, Ukraine’s power plants had an installed capacity of 56.1 GW. Russia occupied 18 GW of generation, including Europe’s largest nuclear power plant in Zaporizhzhia. Over the past three years, Russia has conducted more than 30…
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Ukraine will require significant amounts of steel for reconstruction and searches for ways to address the deficit.
After the war, Ukraine will have a substantial demand for steel to rebuild its infrastructure and housing, while the market will encounter challenges – competition from foreign suppliers, the necessity to attract investment, and the need to restore production,…
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A Finnish company invests €7.3M in production and warehouse distribution facilities in the Kyiv region.
Finnish fast-food chain Hesburger has opened a burger patty production facility, along with a warehouse and distribution center in Boryspil, Kyiv region. The project’s total investment has reached €7.3M, marking the first Finnish industrial investment in Ukraine…
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A €110M industrial park for the production of bioethanol and biogas is being constructed in the Ternopil region.
The construction of the BIO-LAN industrial park is currently underway in the Lanovets urban territorial community of Ternopil. The future park, for which registration documents have already been submitted to the Ministry of Economy, is expected to create over 200 jobs,…
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During the three years of the war, the combined workforce of the 50 largest Ukrainian IT companies has declined by 20,000 specialists due to relocation abroad.
IT companies N-IX and Grid Dynamics Group saw a decrease of 50% in their workforces, while EPAM’s workforce was reduced by 31%. The largest exodus of IT specialists from Ukraine occurred in the second year of the full-scale war, with a loss of 10,700 people compared to…
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Ukraine’s membership in the EU as its best security guarantee. Is this really the case?
EC President Antonio Costa believes that Ukraine’s strongest security assurance is joining the EU. He highlighted “the impressive achievements of a country at war regarding its ability to implement reforms and meet convergence goals for EU accession.” Costa stated,…
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Russia has set forth conditions for the Black Sea truce to take effect; the US is willing to lift some sanctions, while the EU is opposed.
The Kremlin released a final statement following talks with US representatives in Saudi Arabia, outlining its conditions for a maritime truce with Ukraine. According to Russia’s statement, the agreement will take effect only after:
- Sanctions on Rosselkhozbank and…
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Zelenskyy states that the ceasefire in the Black Sea and regarding energy infrastructure took effect on March 25. Moscow, however, see it differently.
An agreement to mutually refrain from attacks on energy facilities, along with a ceasefire in the Black Sea, went into effect that day, President Zelenskyy announced on March 25. He explained that an agreement has been reached to ensure that neither side will target…
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Europe has backed down from sending its peacekeepers to Ukraine and is seeking alternatives.
Amid discussions about deploying troops to Ukraine to provide security, European nations are also considering other options. This is due to political and logistical challenges faced by these countries when it comes to sending peacekeepers, along with the likelihood of…
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