Category: 9. Business
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Transcarpathia has launched a dry port with an investment of ₴282M and has plans for scaling.
A new enterprise, Chornotysiv Terminal, which functions as a new multimodal terminal (dry port), has started work in the Berehiv district of the Zakarpattia region. This terminal is a large logistics hub in the district. The enterprise’s main function is the transshipment of various cargoes,… Continue Reading
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The heat will destroy up to 20% of this year’s harvest, but high prices can compensate Ukrainian farmers for this.
As analysts note, due to the abnormal summer heat most farmers expect a drop in crop yields compared to previous years. A new wave of abnormal weather threatens Ukraine this month. Farmers admit that declines in the planned soybean, sunflower, and corn yields by at least 20% cannot be… Continue Reading
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Ukrainian IT export volumes fell by 5% in six months.
This is a difference of $170M compared to the first half of last year. Experts predict that the decline will continue even under an optimistic scenario, according to industry experts. “The trend of falling volumes continues. In January and June, the lowest figures were recorded during the… Continue Reading
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For the first time, Biden comments on the Kursk Operation; the EU declares its support.
US President Joe Biden said on August 13 that Ukraine’s sudden counter-invasion into Russia “creates a real dilemma” for Putin, and that the US government is in “constant contact” with Kyiv. The head of European diplomacy, Josep Borrell, declared his support for Ukraine’s incursion… Continue Reading
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Military commandant offices and a buffer zone: What has Ukraine gained in the Kursk region?
Ukraine’s Armed Forces are continuing the offensive operation in the Kursk region and advanced 1-2 km in different directions on August 14, capturing 100 Russian soldiers, reported the Commander-in-Chief of the Ukrainian Armed Forces, Oleksandr Syrskyi. Ukrainian forces also completed the… Continue Reading
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Fitch Ratings lowers Ukraine’s credit rating to limited default.
In particular, the issuer’s long-term foreign currency default rating was downgraded from C to RD (restricted default), Fitch Ratings said in a statement. This rating level means that the issuer has not made timely payments. Fitch also downgraded the 2026 $750M Eurobond from level C to D… Continue Reading
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Over the first half of the year, banks increased their profits by 17%.
In the first six months of the year, solvent banks earned ₴79B in net profit, 17% more than the ₴67.6B profit obtained in the same period last year. Only seven small banks out of 62 solvent financial institutions were unprofitable, with a total loss of ₴171M. The main drivers of… Continue Reading
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A Harris presidency could be a reboot for Ukraine.
Former US President Donald Trump’s camp is increasingly dictating US policy regarding Ukraine. Political consulting firm Rasmussen Global (RG) believes that now that Kamala Harris has become a presidential candidate, the Democrats should regain control over American policy towards Ukraine…. Continue Reading
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Ukrainian businesses have begun to develop distributed generation; this provide for their needs and additional capacities for the power system.
Ukrainian company Energo-Plus plans to purchase a closed thermal power plant with a capacity of 60 MW in a neighboring country and transport it to Ukraine. The project will cost approximately €50M. This power plant was built in 2016-2018 but was never put into operation due to high gas prices… Continue Reading
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What risks does the transit of Azerbaijani gas through Ukraine from the Russian Federation entail?
Mykhailo Gonchar, President of the Center for Global Studies Strategy XXI, warned that even after the contract for the transit of Russian gas through Ukraine expires in 2025, there is a risk of continued gas transit from the aggressor state, under the guise of it being a resource from… Continue Reading