Category: 9. Business

IT companies N-IX and Grid Dynamics Group saw a decrease of 50% in their workforces, while EPAM’s workforce was reduced by 31%. The largest exodus of IT specialists from Ukraine occurred in the second year of the full-scale war, with a loss of 10,700 people compared to…

EC President Antonio Costa believes that Ukraine’s strongest security assurance is joining the EU. He highlighted “the impressive achievements of a country at war regarding its ability to implement reforms and meet convergence goals for EU accession.” Costa stated,…

The Kremlin released a final statement following talks with US representatives in Saudi Arabia, outlining its conditions for a maritime truce with Ukraine. According to Russia’s statement, the agreement will take effect only after:

1. Sanctions on Rosselkhozbank and…

An agreement to mutually refrain from attacks on energy facilities, along with a ceasefire in the Black Sea, went into effect that day, President Zelenskyy announced on March 25. He explained that an agreement has been reached to ensure that neither side will target…

Amid discussions about deploying troops to Ukraine to provide security, European nations are also considering other options. This is due to political and logistical challenges faced by these countries when it comes to sending peacekeepers, along with the likelihood of…

Several European countries have resisted the European Commission’s initiative to boost defense spending through low-interest loans, fearing it would exacerbate their already significant debt burden. In particular, France, Italy, and Spain oppose EC President Ursula von…

Over the three years of Russia’s full-scale war against Ukraine, 62% of companies from “unfriendly” countries have exited Russia, according to Kept, a consulting firm. This total includes more than 300 foreign companies that had “significant assets” in Russia…

Investment company Dragon Capital, which invested about $700M in Ukraine between 2015 and 2021, in addition to reinvestment of several hundred million dollars more, plans to invest $100M in 2025, said company CEO Tomasz Fiala. This will be financed primarily with its own…

Maciej Zaniewicz, an expert with the Green Deal Ukraine project, notes: “The actual volume of biomethane production in Ukraine may be around 0.5% of EU demand. We are discussing approximately one billion cubic meters of biomethane in 2030.” According to Zaniewicz,…

Oschadbank has signed an investment loan agreement for nearly six years with international Ukrainian company KNESS in the amount of €9.6M to both finance and refinance the construction and commissioning costs of energy storage facilities (ESF). The EBRD is…