Category: 9. Business

In 2023, the ten largest international corporations and banks still remaining in Russia paid approximately $1.78B in income tax to the Russian Federation. Among them are Raiffeisen Bank, Chery Automobile, Philip Morris, Japan Tobacco International, Nestle, UniCredit Bank, and Pepsi, according… Continue Reading

The government and a specialized committee of the Danish parliament discussed the allocation of about DKK 783M ($115.8 million) for the purchase of weapons for Ukraine. This aid package, the country’s 20th, will help meet Ukraine’s military needs both in the short and long term. Among the… Continue Reading

Companies and governments worldwide plan to build almost 1,600 plants for hydrogen production, including green production. This year, Ukraine unveiled its Hydrogen strategy until 2050 legislation and is considered one of the priority partners in the EU’s future hydrogen economy. However, as… Continue Reading

Deputy Chairman of the All-Ukrainian Agrarian Council Denis Marchuk stated: “Blackouts are returning, and producers will use generators, which significantly increases production costs. The energy produced by generators costs up to ₴30 per kW, so an increase in product prices is… Continue Reading

In response to a crisis in the river transportation market, the Ukrainian Danube Shipping Company (UDP) is switching to reduced working hours and optimizing the number of staff, which currently consists of more than 1,000 employees. The main reason behind this decision is the need for more… Continue Reading

European Commissioner for Energy Kadri Simson calls for intensifying efforts to support the Ukrainian energy industry ahead of winter. She noted that the Russian Federation has destroyed or captured about 9 GW of Ukrainian generation, which is half of the electricity Ukraine needs in winter…. Continue Reading

Every year, Russia earns about $11B from exporting oil and gas through Ukraine, even though Ukraine itself earns only $1B, said ex-director of the Ukrainian GTS Operator, Serhiy Makogon. The energy transit capacity through Sudzha is about $6B in oil supplies and about $5B in gas. Because of the… Continue Reading

Following the increase in the number of electric vehicles on the roads of Ukraine, the electric vehicle infrastructure continues to grow. ECOSAT, a company with European investment and in cooperation with the GO TO-U platform, has installed its first high-speed charging stations in the Lviv,… Continue Reading

The Biden administration is “open” to providing Ukraine with long-range cruise missiles that will give F-16 fighter jets more combat power. The readiness of the White House to provide Ukraine with air-to-surface missiles appeared because of the Armed Forces of Ukraine’s successful… Continue Reading

Ukraine can freely use tanks, armored vehicles, and other equipment transferred by Canada on Russian territory. “Ukrainians know best how to defend their homeland, and we are committed to supporting their ability. Canada has no geographic restrictions on the use of military equipment provided… Continue Reading