Category: 9. Business
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The second Russian attack on a civilian city in as many days has killed seven people: Biden condemns the raid but still does not want Ukraine to strike Russian territories.
After the missile attack on Poltava on September 3, Russia carried out an air raid on Lviv the next day. As a result of this attack, seven people died, including three children, and another 53 were injured. In total, on the night of September 4 the enemy launched 42 cruise missiles and attack… Continue Reading
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Britain is buying tens of thousands of shells for Ukraine, and Germany will deliver the promised IRIS-T air defense systems on time.
The British Ministry of Defense announced the signing of a £300M contract to purchase 152-mm shells for Ukraine. London plans to deliver 120,000 shells over the next 18 months, stimulating the development of Europe’s industrial capacity and ensuring reliable supply chains that will continue… Continue Reading
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The EU is not in a rush to provide Ukraine with the $50B loan secured by Russian assets, though Kyiv desperately needs it.
The EU has still not taken the necessary steps to fulfill the agreement with the G7 and provide Ukraine with about $50B, secured by revenues from the Russian Federation’s assets, by the end of the year. The EU was supposed to pass legislation that would extend the freeze on sovereign Russian… Continue Reading
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In August, Ukraine held 500 auctions for state and communal property, attracting over ₴160M.
According to Prozorro.Sale, more than 500 August online auctions has generated almost ₴161.7M for Ukrainian budgets at all levels. The most expensive lot of the month became the property of the automobile company Bohdan Motors, which bought JK Dream Town for ₴250.5M. The second most… Continue Reading
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Ukraine completed its $20.5B Eurobond restructuring, reducing the national debt by $9B.
The restructuring process included the exchange of 13 series of government Eurobonds and one series of state-guaranteed Ukravtodor Eurobonds worth about $20.5B, approximately $24B including capitalized interest, for eight new series of Eurobonds with a nominal value of $15.2B. Ukraine’s debt… Continue Reading
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The IMF pushes Ukraine to raise taxes and depreciate the hryvnia, with $1.1B in new financial aid at stake.
Ukrainian officials expect the IMF this week to push the country toward faster currency devaluation, lower interest rates, and to increase tax collection efforts to close the country’s budget deficit. These steps are intended to boost Ukraine’s budget revenue in local currency and make… Continue Reading
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Ukrainian agricultural producers will have access to the financial resources of the IFAD.
The Ukrainian Parliament adopted a decision on Ukraine’s accession to the International Fund for Agricultural Development (IFAD). This will give Ukrainian agricultural producers access to new financial resources and innovative technologies and expand their opportunities on the international… Continue Reading
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Green Flag Ventures invests in a Ukrainian manufacturer of tactical military communication systems.
The American investment fund Green Flag Ventures has invested in Himera, a manufacturer of military radios that are being actively used in combat conditions, providing communication in the most complex electronic warfare scenarios. Not only does Himera offers tactical advantages over… Continue Reading
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In eight months, Ukraine’s seaports have exceeded last year’s transshipment volume.
The Ukrainian maritime corridor’s operation has allowed Ukrainian seaports to record a cargo turnover of 66.8 million tons in January-August 2024, exceeding the previous year’s figure, when the transshipment volume was 62 million tons. Over eight months, the ports increased cargo handling… Continue Reading
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This fall, the prices of products in Ukraine will increase by 30%.
A short-term seasonal decrease in vegetable prices will be replaced by an increase in autumn, especially for high quality goods. Entrepreneurs complain that they have run out of security, and consumers should prepare for the fact that everyday food will become 20-30% more expensive. The factors… Continue Reading