Whilst enrolled on an MBA course at Kyiv Mogyla Business School in 2016, Volodymyr Patis, head of the Ukrainian Association of Furniture Producers, had a “light-bulb moment".
Washington halted the delivery of missiles used in air defence and ammunition to Kyiv on July 1, claiming its own stocks were dwindling causing consternation in Kyiv which is battling to hold off massive Russian drone and missile barrages.
Ukrainian President Volodymyr Zelenskiy has been calling for western arms from day-one of the war and has never received enough soon enough.
The International Monetary Fund has warned that Ukraine’s ability to absorb further economic shocks is rapidly diminishing as the war with Russia enters its fourth year and reform momentum in Parliament slows, says the IMF in a staff report.
Russian forces have reportedly taken full control of the region of Luhansk and a village in Ukraine’s east-central Dnipropetrovsk region, marking the first such advance in the area since the war began, reported Reuters, citing Russian media.
Economies across Central, Eastern and Southeast Europe are set to maintain solid growth in 2025 and 2026 but face downside risks from Middle East tensions, the war in Ukraine and US trade policy.
Slovak Minister of Foreign Affairs Juraj Blanár has caused international outrage for his statement about the need to “find some way of cooperation and maybe also of forgiveness” to Russia.
The Armed Forces of Russia (AFR) brought down one of Ukraine’s valuable F-16 fighters at the weekend that was trying to counter another massive missile barrage. Such strikes have been intensifying in the last month.
Russian forces have taken control of a village in Ukraine’s Donetsk Oblast that is also the site of Europe’s largest known lithium ore deposits that will gut the recent minerals deal signed on April 30 with the Trump administration.
Russia’s banking sector faces a growing threat of a systemic crisis within the next 12 months, with internal assessments suggesting a more fragile outlook than official statements imply.
Hungarian Prime Minister Viktor Orban claimed this week that 95% of Hungarians are against Ukraine’s accession to the EU.
Company owner Fuat Tosyali became a favourite businessman of president Erdogan. Projects he’s involved in include making Turkey’s “native and national” Altay battle tank.
Russia’s full-scale invasion in 2022 caused Europe’s biggest displacement in decades as millions fled, most of them women and children. Three years later, there are still more than 5mn Ukrainians living abroad and only 20% say they will go home.
Moscow said dozens crossed western parts of its neighbour headed for Russian targets.
Nato leaders agreed to raise defence spending to 5% of GDP by 2035 and renewed their commitment to collective defence at the Nato summit held in the Hague on June 25, but how many of them will pay?
Public backing in Poland for Ukraine’s accession to the European Union and Nato has fallen significantly since the start of the war, according to a new survey by the research agency IBRiS.
Nato members are gathering in The Hague for the annual security conference on June 25 where the US is demanding countries increase defence spending to at least 5% of GDP by 2035. Estonia is already there.
The collected membership of Nato meets in The Hague on June 25 for a cutdown version of the annual gathering, where Ukraine has been dropped from the agenda and the only thing that will be discussed is increasing defence spending to 5% of GDP.
wiiw research blames crisis in German industry and the uncertainty surrounding Donald Trump’s second term as US president for sharp slowdown in FDI.
Polish and Ukrainian security services disrupted an attempt to assassinate Ukrainian President Volodymyr Zelenskiy at Rzeszów airport in April 2024, the Security Service of Ukraine said on June 23.