Lithuanian Foreign Minister Kęstutis Budris said that the EU should consider a “plan B” to unblock negotiations with Ukraine, which are currently stalled due to Hungary’s veto. He emphasized that the normal enlargement process is based on the principle that a…
Category: 9. Business
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A Ukrainian developer of autonomous drone solutions has raised $1M to fund its rapid expansion.
Ukrainian startup Norda Dynamics, which develops software for autonomous drone control, secured $1M for expansion. The funding round was led by Swedish investment firm Varangians, with Ukrainian funds Angel One, MITS Capital, the angel syndicate United Angels Network,…
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The US promises to defend Poland and the Baltic states if Russia continues to escalate, but also plans to reduce its military support for Europe.
President Donald Trump stated that the US will assist Poland and the Baltic states in defending themselves if Russia decides to escalate its aggression further. He also expressed that he “does not like” the recent incursion of Russian fighter jets into Estonian…
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Despite the war, Ukraine is experiencing a resurgence in wind farm construction.
According to Deputy Chairman of the Ukrainian Wind Energy Association Mykola Savchuk, although 69% of domestic wind farms are currently located in territories temporarily occupied by Russia, the construction of wind power capacities in the central and western parts of…
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Ukrainian farmers are expanding the export of farm products.
According to experts, India is currently the largest importer of Ukrainian peas, and China is also opening its market for this product in 2025, with initial deliveries to China currently being finalized. Ukraine now ranks 6th or 7th among the world’s pea exporters,…
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Ukrainian consumers have surpassed businesses in the growth of their demand for loans.
In Ukraine, financial institutions have issued ₴1.23T in loans to both businesses and individuals as of early August this year. This amount is 15% higher than last year and 26% more than in 2021. According to Opendatabot, businesses borrowed the most money –…
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The Russian economy is expected to contract to a virtual standstill due to sanctions and declining exports.
After experiencing growth supported by increased military expenditure in 2023-2024, the Russian economy has sharply contracted, with July’s GDP growth estimated at just 0.4% year-over-year, reported The Economist. Additionally, exports of goods in the first quarter of…
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Three Russian fighter jets entered Estonian airspace and harassed a Polish oil platform in the Baltic Sea.
On Friday September 19, three Russian fighter jets penetrated Estonian airspace, marking the Kremlin’s third attempt this month to probe NATO’s eastern border. The MiG-31s, capable of carrying the Kinzhal hypersonic missile, headed for Estonia’s capital, Tallinn….
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Ukraine continues to weaken Russia’s ability to finance its war efforts by damaging energy facilities.
On the night of September 20, the Ukrainian military attacked the Saratov Oil Refinery, with an annual refining capacity of over seven million tons of oil, which supplies 2.54% of Russia’s annual oil refining needs. Ukrainian drones also damaged the Novokuybyshev Oil Refinery in the Samara…
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Zelenskyy and Trump will meet this week to discuss security guarantees for Ukraine and increasing pressure on Russia.
President Volodymyr Zelenskyy told reporters that he plans to address the issue of security guarantees for Ukraine during his meeting with US leader Donald Trump on the sidelines of the UN General Assembly. Additionally, the president added that Ukraine anticipates…
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