Category: 9. Business

Since the beginning of the Russian Federation’s full-scale invasion of Ukraine, Moscow’s income from the export of fossil fuels has reached almost €785B. Despite sanctions, the EU remains the largest importer after China, with expenditures of more than €205B for… Continue Reading

After paying taxes, 62 Ukrainian banks generated ₴117.63B ($2.8B) in profit for the first nine months of the year. Even though the banking sector’s tax rate increased significantly this year, total profit is 7% more than last year (₴109.85B). State banks produced… Continue Reading

Russian troops are likely to focus on capturing Ukrainian front-line cities and towns during the winter campaign of 2024-2025, the ISW predicts. This tactic will allow them to compensate for Ukraine’s advantage in using drones and possible restrictions on armored… Continue Reading

Bankers, households, and financial analysts expect the dollar to the hryvnia exchange rate to rise over the next 12 months. Banks predict that the exchange rate will be ₴44.92 per $1, which is higher than the previous forecast in July for ₴43.15 per $1. Businesses… Continue Reading

After months of negotiations with Washington, the Biden administration, with two months left in office, has for the first time authorized the Ukrainian military to use American ATACMS to strike Russian targets in the Kursk region in response to North Korea’s deployment… Continue Reading

The G7 countries will continue to provide Ukraine with the necessary assistance and support to protect it from Russian aggression for as long as necessary, the G7 leaders said in a statement. “We are united in our joint efforts to contribute to the struggle for… Continue Reading

German Chancellor Olaf Scholz called the Russian dictator for the first time in almost two years. The German government noted that the chancellor called on Putin to negotiate an end to the war. President Zelenskyy immediately commented that the German government’s… Continue Reading

Ukrainian attack drone companies plan to increase their production of inexpensive and effective kamikaze drones that are not affected by Russian electronic warfare (EW) systems to an industrial scale this month. Kyiv is set to receive tens of thousands of miniature… Continue Reading

Ukraine will obtain soft loans totaling over $1B from the World Bank and €150M from the EU. “Within the framework of this agreement, the money will be directed to the restoration of the port infrastructure and rapid reconstruction projects,” said Prime Minister… Continue Reading

Russia has lost its long-standing position and dropped to second place, according to data on German export and import operations for three quarters of the year, published by the German Committee on Eastern European Economic Relations, which administers the markets of the… Continue Reading