Category: 9. Business
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A swarm of kamikaze drones attack Russia, closing Moscow airports.
Russian official sources said it shot down 144 drones on the night of September 10, including in the Moscow region. Moscow’s Domodedovo, Vnukovo, and Zhukovsky airports have temporarily suspended operations. In the Bryansk region, which borders Ukraine, air defenses shot down 72 drones, and… Continue Reading
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Scholz plans to pressure Ukraine to sacrifice some of its territory to Russia.
German Chancellor Olaf Scholz is preparing a plan to end the war in Ukraine which does not exclude the transfer of a part of the currently occupied Ukrainian territories to Russia. “The leader of the Social Democrats is already working on something similar to Minsk-3, including the hypothesis… Continue Reading
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Ukraine will not lose the remaining $6B in aid from the US, as it is a funding mechanism, not a source of funds.
With the end of the US fiscal year on September 30 approaching, Ukraine will not lose the opportunity to receive aid supplied through the Presidential Drawdown Authority mechanism, as in practice, these funds are intended to replenish US military reserves of the arms transferred to other… Continue Reading
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External aid to Ukraine in August exceeded the monthly state budget expenditure by 100% but only partially covered for previous financing shortfalls.
According to the Center for Economic Strategy, aid from international partners amounted to $8.5B in August. In particular, $4.5B was provided by the European Union ($1.6B in grants, the rest soft loans), and $3.9B in grants from the US. Therefore, the share of budget needs covered by foreign… Continue Reading
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The Russian economy is cratering: Imports are falling, coal companies are going bankrupt, oil prices are falling, and the ruble is weakening.
Mass refusals by banks in Turkey, China, the Middle East, and the countries of the former USSR to make payments for Russian companies has impacted imported supplies to Russia. According to results from the current year, import volumes will be $29.2B lower than planned, the Russian Ministry of… Continue Reading
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The prime minister held a press conference regarding Ukraine’s work with the IMF and the upcoming winter.
Here are the most interesting items from the head of the Ukrainian government, Denys Shmyhal. The IMF’s fifth mission emphasizes the 2025 budget. As the PM noted, this was the first time the IMF mission took place offline during the war, with its leadership present in Kyiv. Shmyhal noted the… Continue Reading
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A British oil and gas company will invest in Ukraine’s energy industry, and 10 MW of projects have already been approved.
British oil and gas company Cadogan Petroleum plc, which has assets in western Ukraine, announced its intention to accelerate the diversification of its business and move into electricity production. The company plans to invest in new electricity generation projects in Ukraine with a total… Continue Reading
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Kyiv commissioned 23,400 sq m of warehouse capacity this year, and another 205,000 sq m will be added.
The capital’s warehouse real estate market expanded by 23,400 square meters in January-June 2024 after the launch of the first phase of the Dudarkiv logistics complex, reported CBRE. In the second half of the year and in 2025, 205,000 sq m are expected to be commissioned. Thus, this year… Continue Reading
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A ten-year Ukrainian telecom deal: A French billionaire has bought Lifecell and Datagrup-Volia.
Investment company NJJ Holding, owned by French billionaire Xavier Niel, has completed its acquisition of Ukrainian mobile operator Lifecell and fixed internet provider Datagroup-Volia. This acquisition is a decade-long deal in the Ukrainian market, the total amount could reach over $650M…. Continue Reading
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One of the oldest players in the Ukrainian fast-food market is investing $6M to expand its network.
After a pause of almost 2.5 years, Puzata Hata has resumed the expansion of its chain of restaurants. During 2024, it will grow by at least six facilities, investing $1M in each. The Ukrainian restaurant’s authentic interior is shifting to a modern café design, where guests can not only eat… Continue Reading