The draft communiqué for the NATO summit set for June 24-25 in The Hague is notably concise and largely avoids mentioning Ukraine, concentrating instead on boosting defense spending. This document starkly contrasts with last year’s lengthy version, which spanned over…
Category: 9. Business
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For the second time in two weeks, Ukraine has targeted Russia’s largest gunpowder factory while the aggressor strikes Kharkiv again.
On the night of June 11, Ukrainian drones launched a substantial strike on the Tambov gunpowder facility. Local residents reported hearing at least 15 explosions accompanied by a fire, likely ignited by one of the ammunition warehouses. The Tambov gunpowder plant is the…
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Ukraine and the EBRD are working together on nine energy projects.
Ukraine’s Minister of Finance, Serhiy Marchenko, and Mark Bowman, VP of the EBRD, have agreed to continue these initiatives, which are aimed at strengthening Ukraine’s energy security. During their meeting in Kyiv, they reviewed the progress of ongoing projects and…
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Ukraine’s Accounting Chamber has warned that allocating 73% of Ukraine’s budget for defense carries risk.
Auditors identified several risks to economic stability, including a decline in the number of individual entrepreneurs, volatility in the foreign exchange market, and inflationary pressures. Olga Pishchanska, Head of the Accounting Chamber, stated that executing the…
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How long will the war last, and what are Ukraine’s economic prospects?
The updated World Bank forecast notes that discussions on a potential ceasefire between Russia and Ukraine began earlier this year; however, the prospects for a long-term settlement remain uncertain. Ukraine’s economic growth is expected to rise to 5.2% by 2026. This…
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Over 400 grain silos will be built in Ukraine, along with dozens of processing and logistics hubs.
AgHoldCo will implement a large-scale project that will involve building hundreds of grain silos in Ukraine with a total capacity exceeding five million tons for simultaneous storage, as well as creating extensive logistics and processing hubs, said AgHoldCo co-founder…
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A construction waste recycling plant has been launched in Mykolaiv.
This initiative was made possible through the city’s collaboration with the Japan International Cooperation Agency (JICA), which provided Mykolaiv with modern equipment. At the plant, construction waste resulting from damage caused by Russian shelling is given a second…
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The Turkish Onur Group is set to invest $450M to establish 690 MW of generation capacity in Ukraine by 2030.
The company has announced its intention to develop this new generation capacity in the country, building on their existing 150 MW of solar power plant capacity, which was constructed prior to the war and now operates successfully under the green tariff.
The company…
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A new chicken processing plant has been opened in the western portion of Ukraine.
Ukrainian poultry company Avesterra Group has launched a new processing facility in the Volyn region. Approximately €60M has been invested in the enterprise’s construction, automation, and environmental safety. The area of the new complex spans nearly 30,000 square…
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Ukrainian refugees have enriched the Polish economy, yet they continue to rate their level of integration as low.
According to a report by the UN Refugee Agency, war refugees from Ukraine have contributed significantly to the Polish economy.
“By allowing Ukrainian refugees to start working and open small businesses, Poland increased its GDP by 2.7% in 2024,” the agency…
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