Category: 9. Business

Bruno Kahl, the head of Germany’s Federal Intelligence Service (BND), believes that Russia continues to prepare for an actual military confrontation with Western countries, but a full-scale attack by Russia will be preceded by local operations designed to test the… Continue Reading

The development company Alterra Group, which is currently implementing the Formatsia.Lviv industrial park project, intends to build a network of seven such parks, the company’s top manager, Olena Podolska, said during the Ukrainian Automotive and Mobility Forum 2024…. Continue Reading

At the beginning of 2022, businesses had almost ceased hiring, and people were not looking for work. According to IMF estimates, Ukraine’s total losses amounted to 35% of GDP, and many companies stopped their operations or evacuated. As one example, from 2022 to the… Continue Reading

Christoph Hansen from Luxembourg has become the new European Commissioner for Agriculture and Food. Hansen comes from a family that owns a large farm in Luxembourg. Hansen has been working in the European Parliament since 2018. During the European Parliament’s… Continue Reading

Ukraine’s public debt is already approaching 100% of GDP, and financing needs for recovery are currently around $600B. Even under the baseline scenario, the peak value of public debt is 103.9% of GDP, significantly deviating from an economically safe level. Under a… Continue Reading

The decline in exports of Ukrainian IT services continues. Even under an optimistic scenario, by the end of 2024 the decrease in volume will be at least 4% compared to last year, and this figure could reach 6%, according to a study by the Lviv IT Cluster. In the end, the… Continue Reading

US President Joe Biden has quietly asked lawmakers to allocate another $24B to help Ukraine and replenish stocks of previously transferred American weapons, citing a request submitted on November 25 from the White House Office of Management and Budget. It is expected to… Continue Reading

US Secretary of State Anthony Blinken said that the G7 countries and their partners are determined to provide Ukraine with everything it needs to successfully conduct military operations in 2025 or hold peace talks with Russia from a position of strength. He stressed… Continue Reading

On November 27, the European Parliament approved the European Commission’s new composition, proposed by EC President Ursula von der Leyen. Twenty-six European commissioners were approved. Former Estonian Prime Minister Kaja Kallas will become the High Representative of… Continue Reading

Ukraine’s military losses during the war could range from 60,000 to 100,000 dead with about 400,000 more soldiers wounded. “More than 0.5% of the pre-war male population of fighting age (18-49 years old) were killed,” the publication says, noting that almost 1 in… Continue Reading