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At the European Political Community summit in Budapest, EU leaders urged Donald Trump to maintain support for Ukraine, avoid trade wars, and refrain from disrupting world order during his second US presidency. The head of the EC, Ursula von der Leyen, said the EU must unite now because no EU state can cope with future challenges alone. Regarding Ukraine, she added: “It is in our interests that the autocrats of this world receive a very clear signal that this is

NATO Secretary General Mark Rutte stressed the urgent need to step up action to change the trajectory of Russia’s war against Ukraine, citing the recent deployment of North Korean troops in Russia’s Kursk region, as Europe and the world now face a threat “much darker than the devastation already inflicted on the people of Ukraine.” Rutte noted that NATO countries have collectively provided more than 99% of the military aid to Ukraine since the start of the full-scale invasion and

According to a study by the International Labor Organization, Ukraine needs 8.6 million additional workers to enable GDP growth. At the same time, according to the Ministry of Economy, Ukraine only needs half this number, 4.5 million. Deputy Minister of Economy of Ukraine Tetyana Berezhna said that labor productivity is also essential for economic growth at the Kyiv International Economic Forum. She cited Denmark as an example, where there are fewer people than there were in Ukraine at the beginning

Flights from the Ukrainian airports, either Boryspil near Kyiv or in Lviv, may resume in January 2025, said a senior partner at insurance broker Marsh McLennan Crispin Ellison at the Kyiv International Economic Forum. “We have five or six airlines that would like to start operations,” he said. Ellison noted that it would be easier to provide insurance mechanisms for aviation if planes start flying from Lviv, but President Zelenskyy insists that the airport in Boryspil should be opened first.

Investment company Concorde Capital is working build an energy company worth $1B, company founder Ihor Mazepa said. Concorde Capital and its partners, including the American DFC, have invested €32M in creating an energy company that will provide energy storage services using battery storage. The project was implemented after winning an Ukrenergo auction to construct industrial batteries. “For now, we are financing 100% with our own capital, and then we want to refinance two-thirds through Ukrainian banks,” Mazepa notes, adding that

There are a considerable number of opportunities in Ukraine despite the full-scale war, said Lisa Kaestner, a senior official of the International Finance Corporation of the World Bank Group, at the Kyiv International Economic Forum. She is sure that there are more difficult countries in the world to operate in than Ukraine. “We did one project last year in the Democratic Republic of Congo, which is probably one of the most difficult markets in the world. But even there, we

The National Commission for Regulation of the Energy Market of Ukraine has simplified the technical requirements for connecting biomethane production facilities to gas distribution systems. A newly approved resolution establishes the procedure for submitting and considering applications for joining to the distribution network, as well as setting requirements for connection points and biomethane accounting. In general, the resolution will contribute to the sustainable development of Ukraine’s energy sector and transparency in the procedure for connecting biomethane plants to existing infrastructure.

Republican Donald Trump won the US presidential election. He announced his political victory and declared himself the 47th president of the United States during a speech to his supporters. Trump has promised that his new presidential term will be a “golden era” in US history. “I will not rest until I make the safe and prosperous America that our children and all of you deserve. This will be America’s golden age,” Trump said. The incoming US president also stated that

Donald Trump has repeatedly stated that he will end the war in Ukraine as soon as possible, but he has not clarified how he intends to accomplish this. And it is unlikely that this can be achieved without territorial concessions on Ukraine’s part. However, now Trump’s promise to quickly end the war, even with Ukrainian concessions, may not be the best outcome for Putin, as he has staked everything on this war. In addition, the continuation of the conflict will

The EU must be united and closely coordinate its actions with Donald Trump’s imminent return to the White House, French President Emmanuel Macron and German Chancellor Olaf Scholz said. They congratulated Trump on his victory but highlighted the challenges of his protectionist trade policies and isolationist rhetoric. “The EU must act with a united front,” Scholz said. The Minister of Foreign Affairs of Poland, Radosław Sikorski, believes that after the elections in the US, Europe should immediately assume greater responsibility

Fund managers have been buying Ukraine’s dollar bonds in a bet that Donald Trump would win the US election, accelerating an end to the war with Russia. Ukrainian Eurobonds and GDP warrants increased with news of the Trump victory. Eurobond prices increased by 1.72-3.8% to $38.15-60.71, maturing in 2029-2030 and 2034-2036. Ukrainian GDP warrants maturing in 2041 increased by 1.14% to $73.44. In addition, values of some Ukrainian shares on foreign stock exchanges increased on November 6 after the election.

The Epicentr K group is preparing to invest in the development of its port infrastructure, the company’s top manager, Petro Mykhailyshyn, said. “We already have 170,000 hectares of land and produce more than one million tons of grain annually. We already have two elevator complexes with two million tons of simultaneous storage,” Mykhailyshyn explained. According to him, Epicentr K is also taking steps toward the construction of its port terminal with a partner. But there is a condition for construction,

One of the largest producers of non-ferrous metal products in Ukraine, Electro Cable Group, launched a cable production plant in the Polish city of Zabrze in June. The key argument in Poland’s favor was the cheaper logistics costs to key markets in northern Europe. The country’s other advantages include state support for industry and Ukrainian refugees. The Ukrainian company was granted a five-year exemption from income and real estate taxes. Investment in the Polish plant totals €19M, with 80% loans

Chef and restaurateur Yevhen Klopotenko invested €500,000 in creating the 100Years brand and the 100shop online store. By the end of 2025, Klopotenko hopes to bring both businesses to self-sufficiency and attract an additional €1.5M in investment. The 100Years brand has 20 products in four categories: borscht dressings, canned beans, fried peas, and bean hummus. Sauces, spices, confectionery, and beverages are planned for release. Klopotenko’s goal is to reach sales of 500,000 units per month by the end of 2025.

The Sun-Craft Center company, which mined the most amber among private subsoil users in Ukraine last year, is being bought by Chinese citizen Ren Yongpeng. His company, Lumos Plus, has become the sole shareholder of the Sun-Craft Center LLC company. The previous majority owner of Sun-Craft Center LLC was Concorde Capital founder Ihor Mazepa (58%). Sources report that the deal is expected to be closed in the coming days. Mazepa noted that he is leaving the amber business to focus

The American founders of Green Flag Ventures, Justin Zeefe, and Deborah Fairlamb, invest in Ukrainian defense startups with checks ranging from $100,000 to approximately $1.2M. By the end of 2024, the Green Flag Ventures team planned to make five to eight investments. So far, they have invested in four Ukrainian startups: Himera, a tactical communication systems manufacturer; Kara Dag, a UAV countermeasures system developer; Swarmer, an AI drone swarm management solution; and Astra Nav navigation systems. There may be one

The Saint-Gobain international group’s first plant in Ukraine opened in the Ivano-Frankivsk region. The enterprise will provide employment for about 50 people and produce gypsum mixtures under the Rigips brand. The Saint-Gobain company, which previously was an importer, has positioned itself as a national manufacturer with a complete production cycle – from raw material extraction to the creation of finished building materials. The plant was built in a year. Saint-Gobain’s total investment in the plant’s construction exceeds €11M. The enterprise’s

Continental Farmers Group, which cultivates 195,000 hectares in the western regions and is the sixth largest agricultural producer in Ukraine, implemented several strategic investment projects this year. The company’s top manager, Georg von Nolcken, said: “We bought a powerful elevator in the Lviv region, started building our railway logistics park by purchasing 250 grain wagons, and signed a contract to implement an advanced SAP enterprise management system. In general, investments in the company’s development have already exceeded the $50M mark.

Strengthening the national defense of allied countries and further increasing military aid to Ukraine are two areas that are crucial for NATO’s security, NATO Secretary General Mark Rutte said in Berlin during a press conference with German Chancellor Olaf Scholz. He noted that Germany has made a decisive contribution to common security, allocating 2% of its GDP to defense for the first time in 30 years. It is also the largest European provider of military aid to Ukraine and is

More than a hundred current and former high-ranking officials from Western countries have called on Europe to be prepared for either outcome of the US presidential election and prevent an agreement with Russia from being reached. Against the background of the US election, Ukraine and its allies are facing a two-pronged strategic danger. The first is that a new administration headed by Republican candidate Trump may try to impose an agreement with the aggressor that would be harmful to the