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In 2023, 15 of the 30 largest IT companies in Ukraine recorded a decrease in revenue compared to 2022. This is due to the redistribution of business between legal entities of the same group, relocation to other jurisdictions, the departure of qualified personnel abroad, and a general decrease in business activity stemming from the war. However, despite the difficulties, global players EPAM, GlobalLogic and Luxoft continue to generate the largest revenues in the Ukrainian IT industry. Growth was shown by

According to the Polish Central Bank, last year Ukrainians bought real estate in Poland with a total area of ​​almost 380,000 square meters. This is despite the fact that in Poland, due to a real estate shortage, the growth of housing prices is Europe’s highest, and mortgages are the most expensive. For example, prices in Warsaw have increased by 100% since 2018, and currently the average cost per square meter is almost $4,000. In Ukraine, the highest prices are in

NATO has finally confirmed the presence of North Korean troops on Russian territory. “If they plan to participate in this war on behalf of Russia, this is a very serious problem, and it will affect not only Europe but also events in the Indo-Pacific region,” states US Defense Minister Lloyd Austin. NATO spokeswoman Farah Dakhlallah had noted that the participation of North Korean troops in the war against Ukraine would mean a significant escalation of North Korea’s support for Russia’s

German Chancellor Olaf Scholz said that completing the work to provide the $50B loan agreed upon by the G7 countries is a clear signal to Putin regarding his long-term support for Ukraine. In turn, US Treasury Secretary Janet Yellen confirmed that the US is almost ready to offer $20B as part of a broad credit program led by the G7 to assist Ukraine. “We are 99% ready, and only a few relatively small issues are left to resolve. We are

The President of Ukraine, Volodymyr Zelenskyy, is working on expanding the Victory Plan, the first part of which concerns the assistance of Western partners and on Ukraine joining NATO. The next part will involve the development of internal solutions in many areas, such as the military-industrial complex, defense, economy, social policy, and other areas that will help Ukraine survive the war with Russia. This part of the plan will provide steps that Ukraine itself must take. “The President has already

The UK plans to allocate another £120M ($155M) to support the Coalition of Naval Forces and Means for Ukraine. London is also looking for partners to co-finance the supply of “hundreds” more maritime drones and surveillance radar systems to protect the Ukrainian grain corridor. In addition, Britain and Norway are jointly seeking about $130M to finance the coalition. As part of the maritime coalition, Ukraine has already received dozens of amphibious all-terrain vehicles and raiding boats, hundreds of anti-ship missiles,

Washington is concerned about the EU’s weapons procurement plan, which prioritizes purchasing European weapons. The US believes that this is not the cheapest or fastest way to get weapons to Ukraine and other countries that need them, said outgoing US Ambassador to NATO Julianne Smith. Amid Trump’s possible return to the US presidency, France has emerged as a leader in making the EU more militarily self-sufficient. The EU’s industrial defense strategy stipulates that the bloc’s 27 countries, 23 of which

The EU’s future expansion will not weaken, but rather will increase the bloc’s competitive advantages. During European integration, each candidate country must fulfill necessary criteria, including economic requirements. However, in Ukraine’s case, competition in the single market and the EU’s overall competitiveness will continue to grow, said Oliver Röpke, President of the European Economic and Social Committee (EESC). “I don’t ignore challenges such as agricultural policy, especially regarding Ukraine. But I don’t think it’s an obstacle, but instead an investment in

In 2024, Ukrainian entrepreneurs can take advantage of several support programs, including: EU4Business provides grants of up to €10,000 for businesses in manufacturing, the creative industries, and logistics sector. EIT Food offers up to €1M for agriculture and food technology start-ups. Through this program, an agricultural company from the Kharkiv region modernized its equipment and expanded its exports to the EU. Google Cloud provides cloud loans of up to $350,000 for the development of projects in the field of AI

During the first nine months of 2024, Ukraine exported 48.9 million tons of agricultural products worth $10.5B. The volume farm product exports for the year increased by 9.9 million tons, or by $1.4B. This growth is primarily related to the restoration of maritime transportation. 89% of the total volume of exported agricultural products was carried out by sea. At the same time, on land exporters prefer rail transport, and only 2% of these exports are moved by road transport. The

According to the IMF’s New World Economic Survey (WEO), after a downturn during the pandemic immigration to the EU reached an all-time high in 2022, mainly due to the migration of more than four million refugees from Ukraine. “Ukrainian refugees have integrated into EU labor markets significantly faster than previous waves of refugees. Several countries have estimated the employment rate among Ukrainian refugees to be close to or above 50%, usually achieved only five or more years after arrival. Migrants

In the first half of 2024, the tourism sector achieved a net income of ₴5.8B, almost 29% (in nominal terms) higher than the results for the same period in 2023. According to experts, such an increase may indicate an increase in tourist flows in the country, which is associated with the difficulty of going abroad for men and problems with logistics and transport connections. Kyiv is the unchanged leader in the tourism field. Tourism companies’ turnover in the capital for

The largest gas station network in Ukraine, OKKO Group, is building an all-season mountain resort, the GORO Mountain Resort in the Lviv region. Construction was planned to begin in the spring of 2022, but the Russian invasion postponed these plans. The GORO Mountain Resort’s total area will be almost 1,200 hectares, of which 360 hectares are planned for ski infrastructure and more than 800 hectares for the development of hotel, commercial, and recreational facilities. The plans include the first gondola

When Ukraine gave up all of its nuclear weapons in 1996, it received nothing in return except full-scale war. “That’s why we need NATO, because we don’t have weapons to stop Putin,” the President of Ukraine emphasizes. According to him, there is a consensus among most NATO member countries regarding Ukraine’s invitation, but there are also a few doubters. There is confidence in support from France and Britain, probably Italy, but Germany is skeptical due to fears of the Russian

Ukraine will receive a loan from the UK for £2.26B ($2.93B), secured by profits from the frozen assets of the Russian Federation. The funds will become additional funding (up to £3B in military aid per year) for purchasing required military equipment. It is noted that £2.26B is London’s contribution to the credit assistance program for Ukraine from the G7 countries, which agreed to provide Ukraine with $50B. In turn, the European Parliament supported the European Commission’s proposal for a €35B

The results of January-August 2024 show that the EU imported 3.9 million tons of metallurgical products of Russian origin. Analysts note that import costs reached €1.87B, and predict that by the end of the year, Russia will earn at least €3B from its metal exports to the EU. To illustrate, deliveries of Russian ferroalloys for January-August increased by 114.9%. Import costs amounted to €118.98M (+43.9% annually). Experts explain that the trend results from Russian manufacturers offering products at significant discounts.

By holding the BRICS summit in Kazan, Russia, Putin aims to show the US and its allies that he has not become a global outcast. According to Bloomberg, the Kremlin expects representatives from more than 30 countries to attend the summit. Amid the Russian military offensive in Ukraine and growing war-weariness among some of Kyiv’s allies, Moscow is using the opportunity to portray Putin as a man who stands up to the West. It is noted that the BRICS group

South Korea promised to take step-by-step measures against North Korea and Russia through deepening military cooperation and called on North Korea to immediately withdraw its forces from Russia. In the event of continued military cooperation between Moscow and Pyongyang, Seoul could send military and intelligence officers to Ukraine and review measures regarding the possible supply of lethal weapons to Ukraine, in addition to humanitarian aid. For this reason, BILD states that drawing soldiers from North Korea into the war could

Assistant UN Secretary-General Miroslav Jenča stated at a meeting of the UN Security Council: “In recent weeks, we have witnessed renewed attacks by Russia on Ukrainian Black Sea ports.” He added that since September 1, shelling has damaged six civilian ships, as well as grain infrastructure in ports. As a result, wheat prices increased by more than 6% from September 1 to October 14. The insurance cost for Ukrainian exporters also increased, negatively affecting the Ukrainian agricultural sector. The US’

Ukraine and France signed a grant agreement in support of Ukraine’s recovery and critical infrastructure and priority sectors of the economy. Companies in France will be able to access this grant funding, as well as local authorities, in order to maintain critical infrastructure and mining operations in Ukraine. Currently, the Ukrainian side will select the financing projects, after which the French side will approve them. French companies have already presented projects worth more than €700M, but only €200M will be