Category: 9. Business

Trade between China and Russia dropped to $163.6B for the first nine months of the year, a 9.4% decrease compared to the same period in 2024. Nevertheless, Moscow’s dependence on Beijing continues to grow. China’s exports to Russia fell by 11.3% to $73.6B, while…

They agreed that a reparations loan mechanism that utilizes frozen Russian assets would be the most effective option for Ukraine’s further financing that has been proposed by the European Commission. Using frozen Russian assets has broad support among EU finance…

The EU is urging third countries to accelerate their financial assistance to Ukraine next year, European Commissioner for Economy Valdis Dombrovskis said. He mentioned that, during negotiations with its partners, the EC “is raising the issue of providing financial…

The IFC, part of the World Bank Group, and the EBRD are each investing $25M in the Rebuild Ukraine Fund, created by Ukrainian investment firm Dragon Capital. “The joint investment of $50M in the new fund will increase access to alternative sources of capital for growth…

Ukraine has passed an important milestone by receiving candidate country status and has a chance to join the EU in the early 2030s, Polish Foreign Minister Radosław Sikorski said. He emphasized that the main condition for Ukraine’s accession remains the fight against…

As reported by the Ministry of Economy, every fifth Ukrainian works in agriculture, the industry accounts for about 17% of Ukraine’s GDP, and nearly 50% of foreign exchange earnings come from exports. This year, the most profitable crop was sunflower. Under favorable…

The Cabinet of Ministers has added the Korosten-Podilskyi project, covering over 78 hectares in the city of Korosten (Zhytomyr region), to the Register of Industrial Parks. The city council initiated this project. It aims to host enterprises involved in woodworking,…

The Volyn Smart Agro Cluster has launched this initiative, with an estimated total investment of up to €4M. The venture includes collaboration with a European investor and will operate a comprehensive process, encompassing both potato cultivation and processing into…

The Volyn Smart Agro Cluster has launched this initiative, with an estimated total investment of up to $4M. The venture includes collaboration with a European investor and will operate a comprehensive process, encompassing both potato cultivation and processing into food…

Norway, worried about the Russia-Ukraine conflict and US President Trump’s tough remarks about defending Europe, might allow its $2.1T sovereign wealth fund, the largest in the world, to invest in major defense firms beginning in 2027 following more than 20 years of…