Category: 9. Business

The impact of Polish aid to Ukraine compared to what Ukrainians have contributed to Poland’s economy is measured at a ratio of 1:5. Thanks in part to Ukrainian workers and businesses, Poland now ranks among the world’s top 20 economies. According to Vasyl Bodnar,…

US officials have been traveling across Europe to promote American energy resources as alternatives to Russian supplies. The US is trying to eradicate “every last molecule” of Russian gas from the European market. The US is officially demanding that its allies cease…

US President Donald Trump wants to quickly bring the conflict in Ukraine to a close. He said that 25,000 soldiers on both sides have died in the past month and reiterated that if he were president in 2022, this war would not have began. Trump also mentioned that the US…

Power One, part of Dragon Capital, has signed a €22.3M loan with the EBRD to develop a 68 MW decentralized power generation system in Transcarpathia. This project will also receive a €3M grant from the EBRD Crisis Response Special Fund, supported by Norway. The…

Trade between China and Russia dropped to $163.6B for the first nine months of the year, a 9.4% decrease compared to the same period in 2024. Nevertheless, Moscow’s dependence on Beijing continues to grow. China’s exports to Russia fell by 11.3% to $73.6B, while…

They agreed that a reparations loan mechanism that utilizes frozen Russian assets would be the most effective option for Ukraine’s further financing that has been proposed by the European Commission. Using frozen Russian assets has broad support among EU finance…

The EU is urging third countries to accelerate their financial assistance to Ukraine next year, European Commissioner for Economy Valdis Dombrovskis said. He mentioned that, during negotiations with its partners, the EC “is raising the issue of providing financial…

The IFC, part of the World Bank Group, and the EBRD are each investing $25M in the Rebuild Ukraine Fund, created by Ukrainian investment firm Dragon Capital. “The joint investment of $50M in the new fund will increase access to alternative sources of capital for growth…

Ukraine has passed an important milestone by receiving candidate country status and has a chance to join the EU in the early 2030s, Polish Foreign Minister Radosław Sikorski said. He emphasized that the main condition for Ukraine’s accession remains the fight against…

As reported by the Ministry of Economy, every fifth Ukrainian works in agriculture, the industry accounts for about 17% of Ukraine’s GDP, and nearly 50% of foreign exchange earnings come from exports. This year, the most profitable crop was sunflower. Under favorable…