Category: 9. Business
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The West is changing its position toward confiscation of frozen Russian assets.
“If earlier the West spoke very cautiously about the possibility of using these assets, now we hear the statements of the G7 that these assets will remain immobilized. This is a ‘break in the position of the West’, and we consider the $50B loan as the first step to… Continue Reading
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The government and energy companies assess Ukraine’s readiness for winter.
Considering gas consumption by power plants, Ukraine will have enough resources for the upcoming winter season, Energy Minister Herman Galushchenko assured the public. According to him, Ukraine has agreements in place that provide the possibility of importing gas “in… Continue Reading
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Bloomberg reports that Europe is nearing an agreement on gas transit from Azerbaijan through Ukraine; Bratislava and Kyiv deny such plans.
Companies from Hungary and Slovakia are close to signing a contract that would supply up to 14 billion cubic meters of gas per year from Azerbaijan following the completion of a transit agreement between Russia and Ukraine, reported Bloomberg. According to the commercial… Continue Reading
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Ukraine has developed and plans to produce air defenses and ballistic missiles soon.
Kyiv can start making its own ballistic and cruise missiles as early as the middle of 2025, said Director of the state enterprise Spetstechnoexport, Oleksiy Petrov. According to him, flight tests of Ukrainian missiles are already being conducted with positive results…. Continue Reading
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The World Bank will provide almost $600M in financing for Ukrainian businesses, and USAID provides $6M to four companies to increase exports.
The World Bank is starting a new $593M program to support small and medium-sized businesses in Ukraine. The financing consists of $283M from the ADVANCE Ukraine trust fund (from Japan), $300M from the Special Program of the International Development Association (IDA) for… Continue Reading
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A Russian victory will cost Germany 900%-1,900% more than aid to Ukraine.
An analytical note published by the Kiel Institute of the World Economy points out that, contrary to claims about vast amounts of aid sent to Ukraine, Germany’s military support is low from a macroeconomic point of view. Since the start of the Russian aggression,… Continue Reading
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Social benefits to Ukrainians cost Germany €539M per month: The employment program has failed.
The German Audit Office (BRH) has published a report claiming that the government program for simplified employment of Ukrainians, Job-Turbo, has not yielded beneficial results. The program was expected to reach at least 400,000 Ukrainians in Germany, who would be… Continue Reading
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Ukrainian businesses continue to expand despite the war: What new shops and restaurants opened in Ukraine last week?
Retailer Varus returned to the development of its network in the Kyiv region, and on November 2 the company opened its first supermarket in the Varus Home format in Belogorodka. The new store became the fourth unique shopping space using this format in the Varus network,… Continue Reading
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Congress calls on Biden to allow Poland to shoot down Russian missiles over Ukraine.
The bipartisan leaders of the US Helsinki Commission are calling on President Biden to allow Poland to expand its air defenses in the skies over Ukraine, helping shoot down Russian missiles in self-defense. As The Hill notes, Republican Joe Wilson and Democrat Steve… Continue Reading
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Pentagon: Russia will not defeat Ukraine even with North Korea’s support.
The North Korean troops transferred to the Kursk region in Russia, close to the border with Ukraine, are dressed in Russian uniforms and equipped with Russian weapons. “According to the latest intelligence, North Korea has sent 10,000 soldiers who are undergoing… Continue Reading