Category: 9. Business

The Russian Ministry of Economic Development and Trade expected GDP growth of 2.5% this year, but it now forecasts only 1.2%. This represents less than half of their original estimate, and it is even lower the 1.5% growth forecast given by the Russian finance minister…

For investors, Ukraine today feels like a startup: risky, yet full of potential. The boldest players are already entering the market. Before the war, hundreds of companies did so every year. Over the past 27 years, we at EBS have seen dozens of recurring mistakes — and…

Kremlin leader Vladimir Putin said at the Shanghai Cooperation Organization (SCO) summit in China that the agreements reached in Alaska with US President Donald Trump “open the way to peace in Ukraine.” Simultaneously, he reiterated the Kremlin’s typical arguments…

European Commission President Ursula von der Leyen stated that EU nations are developing a plan to send this force once the war ends, as part of the Ukrainian security guarantees that are supported by the US. However, German Defense Minister Boris Pistorius sharply

Sweden’s Foreign Minister, Maria Malmer Stenergard, noted that she is disappointed that the EU has not yet decided on the use of frozen Russian assets to support Ukraine. Stenergard highlighted that it’s clear Russia does not want to end the war, so increased…

As part of the total abandonment of Russian energy sources, the EU will also consider implementing stricter requirements for importers. The latest draft of a negotiation proposal includes new rules for gas suppliers. According to the draft, for natural gas imports…

White House Trade Adviser Peter Navarro has accused India of funding Russia’s war against Ukraine through its Russian oil purchases, calling it “Modi’s War.” Indian refineries are preparing to increase their Russian oil intake by 10-20% in September compared to…

European Commission President Ursula von der Leyen stated: “SAFE provides the capabilities that Europe needs most. These are joint procurements, including air and missile defense, cyber defense – and of course drones. I am very pleased that 19 Member States,…

Defense Minister Denys Shmyhal noted that Ukraine’s defense capabilities have increased 35-fold over the past three years, with approximately 900 enterprises and more than 1,000 innovative teams now active. He emphasized that Ukraine is developing a technological…

In the second quarter of 2025, non-bank financial service providers’ total assets decreased by 11.7% compared to the previous quarter due to the voluntary license surrender by a large state-owned leasing company, but assets increased by 1.8% year-on-year….