The German government backed a €1T plan to invest in the country’s defense and infrastructure. During an emergency meeting on March 18, the German parliament approved a debt package – amendments to Germany’s constitution that exempt defense and security spending,…
Category: 9. Business
-
What will Ukraine receive as part of Germany’s €3B military aid package?
The €3B military aid package to Ukraine, which was approved by the Bundestag, provides for the supply of equipment and materials in both the short and long term, said Steffen Hebestreit, spokesperson for the German federal government. This mainly concerns weapons, some…
Continue Reading
-
British investors are ready to invest in the reconstruction of Ukraine; China also seeks to become involved.
During a meeting between Ukrainian Deputy Development Minister Alena Shkrum, British government officials, and businesses, Britain expressed its readiness to invest in Ukraine’s reconstruction and involve its companies in reconstruction projects. The meeting was…
Continue Reading
-
Ukraine and Sweden will become partners in the energy field and the green transition.
Ukraine and Sweden signed a memorandum of understanding on the establishment of a partnership on energy issues and the green transition in the field of nuclear energy. The memorandum’s purpose is to promote Ukraine and Europe’s energy security, emergency…
Continue Reading
-
European defense giants urge the EC to promote the continent’s technological independence from the US.
Around 100 European companies and lobby groups, including defense giants Airbus and Dassault, issued a joint letter calling on the European Commission to take measures to stimulate the development of technologies produced in Europe in order to become less dependent on…
Continue Reading
-
Ukrainian gunsmiths increased their production by more than 200% in 2024, and will continue to grow this year.
In 2024, total arms production volume in Ukraine amounted to $10B, which is 200% more than in 2023 and 900% more than in 2022. However, Ukrainian manufacturers are only operating at 30-40% of their capacity. The potential for growth is laid down in the plans for 2025:…
Continue Reading
-
Developers in Kyiv prefer to build business-class housing, while budget residential complexes are built in the suburbs.
During the last three years of war, construction costs in Kyiv have increased by 16% annually, according to average annual indicators of the indirect cost of housing construction in Ukraine.
It is noted that the increase in the cost of construction work is due to changes…
Continue Reading
-
The US has outlined two stages for ending the war in Ukraine and the terms of a peace agreement.
According to US Secretary of State Marco Rubio, this involves a ceasefire followed by a transition to negotiations.
“Nobody is saying that the second part will be easy, but we can’t even begin until we complete the first,” Rubio stated.
He explained that…
Continue Reading
-
Starmer presents a plan to deploy over 10,000 Western peacekeepers in Ukraine indefinitely.
British Prime Minister Keir Starmer, during a virtual meeting of the coalition of the willing, detailed plans for deploying Western peacekeeping forces to Ukraine that would be primarily sourced from the UK and France. It is expected that the final contingent will exceed…
Continue Reading
-
Europe has made progress on €40B in military aid for Ukraine.
EU member states have made strides toward a new military aid package for Ukraine worth up to €40B, just days before a leaders’ summit later this week. Following a meeting of foreign ministers from the European allies on Monday, the EU’s chief diplomat, Kaja Kallas,…
Continue Reading