Category: 9. Business

Despite a decline in the number of tourists and many companies leaving the market altogether, the hotel industry is experiencing growth: Hotel tax revenue in the first quarter of 2025 reached ₴565.9M, 43% higher than the same period last year, according to the State…

Russia is using the escalation of military activity in the Middle East to intensify its assaults on Ukraine, Polish Foreign Minister Radosław Sikorski said. He added that the conflict between Iran and Israel benefits Russia, as oil prices are rising.

The most recent…

The Iranian parliament has approved a bill to block this vital shipping route for oil exports in response to recent US airstrikes on Iranian nuclear facilities. The Strait of Hormuz is one of the world’s key maritime passages, through which about 20% of the world’s…

Foreign governments are already starting to build institutional support for companies planning to enter Ukraine to participate in its reconstruction.

1. Poland has introduced a special credit program to help with Ukraine’s reconstruction, offering over $67M in…

The Taliban, which controls Afghanistan, has agreed to increase the number of Afghan migrant workers in Russia tenfold. Currently, around 100 Afghan workers are engaged in construction in Russia, with another 1,000 expected to arrive soon. Plans are also underway to…

Analysts believe that despite investing billions, Europe must spend much more to strengthen its military power and reach parity with Russia. To achieve this, European weapons output would have to increase roughly fivefold to decisively shift the balance in Europe’s…

Despite the benefits of wind energy, its development in Ukraine remains limited by tax pressures, said Volodymyr Omelchenko, Director of Energy Programs at the Razumkov Center, stressing the need to exempt imported equipment for wind farms from VAT and import duties. He…

French Foreign Minister Jean-Noel Barrot said before a meeting of EU foreign ministers that the EU is discussing what is likely to be the strongest sanctions enacted against Russia since 2022 in response to its “unrelenting cruelty.” He added that Russia is…

The country has designated about NRK 6.7B (€580M) to support the maritime coalition it leads together with the UK. Some of these funds will go toward developing and producing unmanned naval vessels, utilizing the technology and expertise of the Norwegian company…

This fund aims to back projects in Ukraine related to rebuilding and connecting with the European market. The success of a previous grant agreement, signed last year, was driven by strong interest from French businesses. Applications for funding exceeded expectations…