According to the Russian Finance Ministry, federal budget revenue from oil and gas in November dropped by 33.8% compared to November last year, and by 40.3% compared to October. Overall, energy sale revenues in the first 11 months of the year have decreased by 22.4% from…
Category: 9. Business
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Belgian Prime Minister Bart de Wever says Russia is unlikely to lose the war in Ukraine and considers transferring frozen Russian assets to Kyiv as “theft.”
He stated: “During wartime, sovereign assets are frozen, and after the conflict ends, the losing side must surrender some or all of these assets as compensation to the victors. But who truly believes Russia will be defeated in Ukraine? That’s just wishful thinking…
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Finland does not support providing security guarantees for Ukraine or committing to what it considers a fair, just peace.
Finnish President Alexander Stubb expressed doubt that all the conditions for a just peace in Ukraine, as discussed over the past four years, could be fulfilled. He emphasized that Finland should be ready for peace when it comes, even if those ideal conditions are…
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The first non-NATO countries have joined the PURL initiative for the purchase of US weapons for Ukraine; by the end of the year, the initiative is expected to attract $5B.
New Zealand and Australia, which are not NATO members, have agreed to participate in the PURL program – the North Atlantic Alliance’s initiative to buy US weapons for Ukraine, according to Secretary General Mark Rutte. New Zealand is providing $15M.
The Secretary…
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The global drone industry is relying on Ukraine’s experience and knowledge.
The global defense industry is entering the second phase of development for kamikaze UAVs and FPV drones, which consists of integrating them with other systems, thanks to Ukraine’s experience, in the opinion of Turkish military expert Yusuf Akbaba. He noted that the…
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In the Lviv region, the state has sold a 20-year license for a gas field for ₴110M.
The State Geology and Subsoil Service of Ukraine sold a special permit for the development of the Lyubinetsk oil and gas area in the Lviv region. The proceeds will go to the state budget and help replenish the US-Ukrainian Investment Fund for Reconstruction, in line with…
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The IFC: Ukraine could attract €4B in private investment by adopting innovative construction techniques.
According to an IFC report, this investment could create over 17,000 jobs through technologies such as geopolymers, hemp concrete, and 3D printing. As of late 2024, 13% of Ukraine’s housing stock was reported as being damaged or destroyed, with much of the nation’s…
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In Western Ukraine, initiatives are underway to establish both a mushroom cultivation facility and a pig farm with capacity for 10,000 pigs, as part of enhanced government support for the agricultural sector.
The Rozhyshche City Council (Volyn) has approved a detailed development plan for a mushroom farm site located outside the village of Perespa, covering an area of 11.2 hectares.
Additionally, the council has endorsed a project for a pig fattening complex near the village…
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A new industrial park in the Kyiv region will attract over ₴567M in financing and produce building materials for Ukraine’s reconstruction.
The Cabinet of Ministers has registered the TR FORGE industrial park, which will be located in the city of Rzhyshchiv (Kyiv region). The initiator is Eco Green Energy, which plans to build the industrial park on the 10-hectare area. The project will create 500 jobs in…
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European low-cost carriers are preparing to resume operations in Ukraine as soon as the country’s airspace reopens following a peace agreement.
Europe’s economy airlines are developing plans to re-enter the Ukrainian market, anticipating increased demand driven by national reconstruction efforts, the repatriation of citizens, and “disaster tourism”, wherein travelers visit areas that have been impacted by…
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