Category: 9. Business
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The Pentagon confirms that Ukraine’s military strike across the Russian border conforms to US policy; the US allocates a new $125M aid package.
Deputy Pentagon spokeswoman Sabrina Singh confirmed late last week that the US continues to support Ukraine and that US policy “allows Ukraine to fire back to defend against Russian attacks from the border region,” which includes Russia’s Kursk region and the border in the Sumy… Continue Reading
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Lithuania will provide Ukraine with short-range air defense and wants to transfer 5,000 drones by winter, while Latvia announced €20M for 2025’s drone coalition.
Prime Minister of Lithuania Ingrid Šimonite announced in Kyiv a new package of military aid with air defense systems, which should arrive by the beginning of September. “The support package will include 10 short-range air defense systems, missiles, anti-drone and other equipment, weapons,… Continue Reading
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A digital trade agreement between Ukraine and the UK enters into force in a week. What does this mean for Ukraine?
The Ministry of Economy stated that the agreement is part of another agreement on political cooperation, free trade, and strategic partnership between the countries, concluded on October 8, 2020. The agreement on digital trade aims to create a legal framework for the development of… Continue Reading
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Ukraine will resume electricity exports during peak hours of RES generation.
According to Ukrenergo, the mild heat in Ukraine has led to a significant decrease in electricity consumption. In addition, a 1 GW power unit at a nuclear power plant has been returned to the power system after its scheduled repairs. This has created a surplus of capacity in the Ukrainian power… Continue Reading
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Industrial inflation is gaining momentum in Ukraine.
In July, the industrial product manufacturer’s price index (an indicator of the average level of changes in wholesale prices for raw materials, materials, and intermediate consumption goods) amounted to 8.8%. This is primarily due to a 16.9% increase in prices for electricity, gas, steam, and… Continue Reading
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Ukraine has extended the early consent period deadline for the exchange of Eurobonds.
Ukraine announced a four-day extension – until the evening of August 27 – of the deadline for early consent to the exchange of Eurobonds within the framework of their restructuring, which provides the holders with the most favorable conditions, according to the Ministry of Finance of… Continue Reading
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Cooperation in the agricultural sector, recovery, and security: Results from the meeting between Zelenskyy and Modi.
President Zelenskyy, during the talks with the Prime Minister of India, Narendra Modi, discussed issues related to bilateral and multilateral cooperation; the parties agreed on four cooperation agreements in the medical, agricultural, humanitarian, and cultural spheres. The five-year… Continue Reading
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Ukraine is ready to hold the second Peace Summit in India.
The President of Ukraine, Volodymyr Zelenskyy, announced that negotiations with Saudi Arabia, Qatar, Turkey, and Switzerland regarding the second Peace Summit are ongoing. He also said he was open to holding the second Peace Summit in India after meeting with Indian Prime Minister… Continue Reading
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The State Property Fund plans to introduce military insurance for privatization.
The State Property Fund of Ukraine (SPFU) is actively seeking opportunities to expand export insurance instruments to cover war risks for privatization objects, said the head of SPFU, Vitaliy Koval. “The main task is to get the support of MIGA (the World Bank’s Multilateral International… Continue Reading
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What awaits bank depositors through the end of the year?
Inflation is forecast to be within 5-6% from September to December. Considering current deposit rates, individual depositors can not only protect their funds from depreciation but also receive a 3-4% net profit, as predicted by financial analysts. In September compared to August, the average… Continue Reading