Advanced search

Almost all the available Russian economic resources have already been used, and the country finds itself in a unprecedented situation. The unemployment rate has fallen to a historic low of 2.4%, and the personnel shortage continues to grow, the head of the Russian Central Bank said. 73% of enterprises suffer from personnel shortages, and the capacity utilization at factories exceeds 80%, which is also a record. Next year, the economy may be on the verge of stagnation: GDP will increase

The German government announced another package of military aid for Ukraine, which includes tens of thousands of rounds of ammunition of various types, 47 vehicles with mine protection (MRAP), four Panzerhaubitze 2000 self-propelled howitzers, three WISENT 1 demining tanks, hundreds of UAVs, and 100,000 small arms with ammunition. In addition, Poland is already preparing its 45th military aid package for Ukraine. Also, the US State Department has approved the potential sale of $100M worth of military equipment and services to

Andrii Nemtsev, co-founder of the Favor company, relocated his operation from Sumy Oblast to Ternopil Oblast, and the construction of a new tin packaging factory in Ternopil Oblast, which began in May, is planned to be completed at the beginning of 2025. “Construction of the plant is an important step not only for strengthening the economy of Ternopil Oblast but also for the development of industry in Ukraine in general. We support the investment initiatives of the enterprise and hope

Spain has become the main importer of Ukrainian agricultural products in Europe, and the primary trade strategy for this country is not to overheat its market with excessive exports to prevent a trade confrontation with Spanish farmers, said Pavlo Koval, director of the Ukrainian Agrarian Confederation. “On the corn market, Spain increased imports from Ukraine for the third year in a row: third place among importers of our corn with a market share of 11.1% in 2022 (2.756 million tons),

In the statement from the G20 leaders that was adopted at summit in Rio de Janeiro’s conclusion, there is only one mention of the war in Ukraine. “Regarding the war in Ukraine, we highlight the human suffering and negative collateral consequences of the war on global food and energy security, supply chains, macro-financial stability, and inflation. We welcome all appropriate and constructive initiatives that support a comprehensive, just, and durable peace, supporting all goals and the principles of the UN

In the coming days, the US will announce a new package of defense aid to Ukraine, said the permanent representative of the US to the UN, Linda Thomas-Greenfield, at a meeting of the UN Security Council. She also called on other countries to support the Peace Formula promoted by the Ukrainian side because “Ukrainians should get the security they deserve”. “And let me state clearly, when this war ends a sovereign, independent, democratic Ukraine will control its internationally recognized territory

The plan contains 10 points that address issues of unity, human capital, and cultural sovereignty. Zelenskyy plans to present the full version of the plan together with its annexes next month. These are the key points: Unity – The President dismissed rumors of a wartime election being likely. The front line – There must be a fundamental change in approach to management in the military, and a military ombudsman should be created. The Ministry of Defense and military command must

Internal investment in weapons production and involving partners will form a reliable financial basis for the further development of the Ukrainian defense-industrial complex, President Zelenskyy said during the presentation of his internal stability plan in the Verkhovna Rada. “Our weapons will always be our first guarantor of security. We are preparing a reliable financial basis for this. We are directing our own investment in producing weapons and attracting partners,” Zelenskyy emphasized. Through the Danish model of financing weapons production in

In 2024, the Western regions continued their leadership in the Ukrainian construction market in terms of investment flows, the amount of new housing construction, and price growth. For almost three years of war, the Transcarpathian region has broken records for its pace of bringing residential construction projects to the market. Last year, developers reached the pre-war level in terms of their work pace, showing a 180% increase after the collapse, and in 2024 another 24% in growth is expected. A

Europe will probably have to double its defense spending to address the challenge of Russia’s aggression against Ukraine, as well as a possible reduction in American support with Donald Trump’s presidency, writes Bloomberg. In particular, the 15 largest European NATO members will have to increase military investments by $340B a year to $720B. Earlier, the former president of the European Central Bank said that Europe needs to expand its defense industrial capacity to ensure that the region’s fundamental values ​​do

Defense forces struck a Russian ammunition warehouse in the Bryansk region with US-supplied ATACMS missiles, 110 km from the border with Ukraine. At least 12 secondary explosions and detonations took place after the warehouse was hit. Andriy Kovalenko, head of the Center for Combating Disinformation, claims that North Korean ammunition was stored at this facility. There could also have been aerial bombs, anti-aircraft missiles, and ammunition for multiple rocket launchers. This is Ukraine’s first use of this weapon in Russian

DTEK representative Nataliya Slobodian said: “This is the only case in world history when a renewable generation facility is being built 100 km from a front line under martial law. We have completed the first 114 MW phase of the Tyligulska wind farm.” She clarified that currently, there is enough capacity to provide electricity to 200,000 Ukrainian families. According to Slobodian, the wind farm’s second phase can generate 384 MW, enough for another 900,000 families. DiXi Group analyst Bohdan Serebrenikov

At the UN COP29 International Climate Conference, Deputy Minister of Economy Andrii Telyupa presented the Ukrainian National Energy and Climate Plan (NECP), which was developed and approved in less than a year. The plan contains 140 specific measures and sets ambitious goals: reducing greenhouse gas emissions by 65% ​​ compared to 1990 by 2030 and achieving a 27% share from renewable energy sources in total energy consumption. Telyupa also presented a large-scale investment portfolio designed to realize the NECP’s goals.

EBRD representative Olha Yeromina reported that since the beginning of the full-scale war, the bank has invested approximately €5B in Ukraine and approximately €2B to implement energy projects, particularly in renewable energy sources. The EBRD is open to new investment in Ukraine’s RES sector, noting improvement in the regulatory environment and alignment of reforms with EU requirements. However, there are problems regarding the guaranteed purchase of electricity, uncertainty of income streams, and the electricity market’s stability. As well, the European

Experts believe that Ukraine can become the same opportunity for Polish companies as Poland was for German companies in the early 90s. Polish companies are not leaving Ukraine, although many are “surviving and waiting for better times.” Since the beginning of the war, Polish entrepreneurs have registered about 300 companies in Ukraine. “Although most of them have little capital, they are a springboard for further expansion,” said Jacek Piechota, co-president of the Polish Ukrainian Chamber of Commerce. The Polish Investment

Turkish President Recep Tayyip Erdogan intends to present his proposal for freezing the war in Ukraine “at the current level” at the G20 summit in Rio de Janeiro. According to Erdogan’s plan, Ukraine would delay joining NATO for at least 10 years, conceding to Putin. In addition, the Turkish proposal provides for the creation of a demilitarized zone in the Donbas. Erdogan also proposes deploying international troops in this buffer zone as an additional security guarantee for Ukraine and compensation

The initial targets may be Russian positions in the Kursk region, where about 10,000 Korean troops are currently stationed. ATACMS strikes are believed to be more effective than long-range Ukrainian drones. However, according to some Western officials, this development is unlikely to fundamentally change the war’s course because Russia can continue to move its weapons beyond missile range. Analysts claim that for a significant effect, the permission to strike should apply not only to the Kursk region. The Western partners

North Korea may deploy up to 100,000 soldiers to help Russia in its war against Ukraine. According to Bloomberg, this military support is likely to occur in stages with troop rotation over time rather than a one-time deployment. Meanwhile, according to Ukrainian intelligence, Russia has received long-range missile and artillery systems from North Korea. Some of them were sent to the Kursk region. The systems that have been delivered include 50 170-mm M1989 Koksan self-propelled howitzers and 20 upgraded 240-mm

Ukraine’s economy grew by 4.2% over the 10 months of the year, and in October growth slowed to 1.3% against 3.8% in September, reports the Ministry of Economy. It is noted that the drivers of growth remain the transport and construction industries, as well as the processing industry, which all demonstrate high positive dynamics. However, there was a decline in the agriculture sector. The reason is the early harvest: Farmers had finished harvesting some crops by October. At the same

Former Deputy Secretary General of NATO Rose Gottemoeller believes that newly elected US President Donald Trump has every opportunity to change the war’s dynamics. Putin presumably wants to return Russia to the world stage and ease sanctions on his country. Therefore, Trump can demand concessions, and if they are formulated sensibly, it will not be difficult for Putin to agree to them, Gottemoeller says. Among the conditions that Trump can offer to Putin, she names a cease-fire agreement modeled on