Latvia spent approximately 0.3% of its gross domestic product (GDP) on military support for Ukraine last year, Foreign Minister Baiba Braze told journalists on January 8 following an inter-institutional meeting on the implementation of the Latvia-Ukraine security commitments agreement. She noted that Russia’s ongoing bombardments had severely affected Ukraine’s energy infrastructure. “It has not been…
Ukraine will win this war and become one of Europe’s engines of growth, Tarmo Sild, CEO of Iute Group, which is in the process of establishing a bank in Ukraine, has declared. The Estonian financial company Iute Group is acquiring RWS Bank in Ukraine. “We are buying selected assets from them. We’re taking over a…
Due to the large-scale power outage in Dnipro caused by a power shortage due to Russian enemy attack, the Department of Transport and Transport Infrastructure of the City Council has put public transport in emergency mode. Despite the complete shutdown of electric transport, the city has ensured stable passenger transportation through additional reserves of bus…
The revenue of Russian oil companies continues to decline rapidly following the fall in prices for the Urals oil grade, which is being sold at a discount of almost 50% compared to the Brent oil price. At the end of the week ending January 4, the average 4-week volume of Russia’s oil export revenues fell…
During 2025, 11,008 individual entrepreneurs expressed a desire to open their own business and officially registered a business in Kharkiv. According to the Main Department of the State Tax Service in the Kharkiv region, 424 individual entrepreneurs chose Kharkiv as a new location for their activities and changed their tax address. As of January 1,…
Property prices in Sofia are expected to continue their upward trend in 2026, even as the number of completed transactions declines, according to real estate expert Dr. Georgi Yankov. Yankov, co-founder of Imvestia and a managing partner at a major real estate agency, noted that rising prices did not indicate a market equilibrium where buyers…
A small German manufacturer that once shifted production to Slovakia as part of its European expansion has exited the country, leaving more than 70 workers in Trencin facing uncertainty. LES Slovakia, the local arm of cable-harness producer LES Langen Electronic Systems, has entered bankruptcy after running into financial difficulties. A Bratislava court began insolvency proceedings…