Business news from Ukraine

Business news from Ukraine

Historic Qutub Minar tower in Delhi was illuminated with colors of Ukrainian flag — video

The historic Qutub Minar tower in New Delhi was illuminated in blue and yellow on the evening of August 23–24 in honor of National Flag Day (August 23) and Ukraine’s Independence Day (August 24). The event became a symbol of solidarity with the Ukrainian people; photos and videos of the illumination were posted on the embassy’s social media pages and website. Indian media also reported on the event: Ukrainian Ambassador to India Alexander Polischuk thanked the organizers, noting that the illumination was “another sign of support” for Ukraine;

The event took place despite the rain.

Previously, similar Qutub Minar lighting events were held on international dates and anniversaries, making the monument one of the venues for public diplomacy in the Indian capital.

 

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In July, Ukraine ranked 23rd among 70 countries in steel production

In July 2025, Ukrainian metallurgical enterprises produced 581,000 tons of steel (down 18.1% year-on-year and down 6.4% month-on-month), ranking 23rd in the Worldsteel rating of 70 countries. In January–July, production amounted to 4.263 million tons (–7% y/y), with Ukraine ranking 22nd for this period.

According to Worldsteel, India, the US, Turkey, and Iran showed growth in July compared to last year, while the other countries in the top 10 recorded a decline.

The World Steel Association is an international association of the steel industry, bringing together steel producers, national and regional industry associations, and research institutes; its members account for about 85% of global steel production. Its headquarters are in Brussels, and it has an office in Beijing. The organization was founded in 1967 as the International Iron and Steel Institute and was renamed in 2008. Worldsteel regularly publishes monthly production statistics and an annual reference book, World Steel in Figures.

 

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Top 10 global steel producers in July 2025 — Worldsteel data

In July 2025, global steel production amounted to 150.126 million tons, which is 1.3% less than in July 2024.

According to the World Steel Association (Worldsteel), the top ten countries are as follows:

China — 79.660 million tons (-4% y/y)
India — 14.000 million tons (+14%)
United States — 7.142 million tons (+4.8%)
Japan — 6.918 million tons (-2.5%)
Russia — 5.700 million tons (-2.4%)
South Korea — 5.256 million tons (-4.7%)
Turkey — 3.182 million tons (+4.2%)
Brazil — 2.930 million tons (-5.5%)
Germany — 2.719 million tons (-13.7%)
Iran — 2.235 million tons (+29.7%)

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Romania is most accessible country in Europe for digital nomads

Romania is the most accessible country in Europe for digital nomads, according to a study by Omio. The index looked at the cost of living, rent, visa requirements, and internet access, with interest in remote work across borders growing fast.

Romania ranked first among European countries in terms of accessibility for digital nomads. Its assets include the lowest cost of living (index 37) and favorable rental conditions (index 7), which are significantly lower than in the US (72).

However, to obtain a digital visa in Romania, you need to prove that you have a monthly income of at least £3,700 (~$5,000), which is a high threshold for many freelancers.

In second place is Albania, which has the same low cost of living and rent but a more lenient income threshold (€1,000), although it lags behind Romania in terms of safety and internet speed.

Georgia is one of the leaders in terms of low living and rental costs, but its mandatory income requirement for a visa — around £2,000 — is higher than in Albania.

Hungary also ranks highly in the regional rankings thanks to its fast internet speeds and moderate income requirements for a visa.

Omio’s research confirms Eastern Europe’s status as the most accessible region for digital nomads. Romania leads the way thanks to its favorable combination of cost of living and infrastructure quality. However, visa requirements — particularly the relatively high level of provable income — remain a barrier for effective freelancers with unstable incomes.

 

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Norway and Germany to finance two Patriot systems for Ukraine

Norway is allocating approximately NOK 7 billion (US$696.12 million) to finance air defense systems for Ukraine, according to a press release from the Norwegian government on Sunday.

“Together with Germany, we will ensure that Ukraine receives powerful air defense systems. Germany and Norway are working closely together to support Ukraine in defending the country and its civilian population against Russian air attacks,” Norwegian Prime Minister Jonas Gahr Støre said.

It is noted that Norway and Germany are financing two Patriot systems, including missiles. In addition, Norway is contributing to the purchase of air defense radars from German manufacturer Hensoldt and air defense systems from Kongsberg.

“Air defense is crucial for protecting military units and infrastructure. Together with Germany, we are now stepping up our efforts even further,” added Defense Minister Tore Rømmers.

Earlier this summer, German Chancellor Friedrich Merz and Støre agreed to transfer two Patriot systems to Ukraine, which are currently in Germany and will be delivered to Ukraine as soon as possible.

The US has confirmed that it will replace the transferred systems, and Norway has pledged to make a financial contribution to their replacement.

 

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Construction of vegetable storages has intensified in Ukraine – expert

The long-awaited revival in the construction of vegetable storage facilities has begun in Ukraine, with small and medium-sized facilities prevailing, Andriy Marushchak, Commercial Director of Van Dyke Techs, told SEEDS in an interview. According to him, this format allows farms to quickly meet local needs, but “storage is not everything”: without parallel development of processing, the effect will be limited.

According to the expert, construction is currently most active in Lviv, Khmelnytsky, Vinnytsia, Cherkasy, Odesa, Dnipro, and Chernihiv regions. The farmers’ decision was influenced by the high cost of logistics: “It is no longer as profitable to transport onions 400-800 km as it is to grow and store them closer to the market,” Marushchak said.

The most promising areas for a quick launch are French fries, dried mashed potatoes, peeled/ready-made potatoes; for onions, peeling, freezing and drying. In countries where processing is already in operation, farmers have gradually scaled up storage facilities from 3 to 30 thousand tons or more; it is logical for the Ukrainian market to follow the same trajectory, the expert emphasizes.

Vegetable consumption in Ukraine is less than 30% of WHO recommendations (≈150-200 g per day versus 600 g), which restrains demand beyond the “borscht set”. In a typical consumption structure, the share of potatoes is 50-60%, cabbage – ~10%, carrots – ~5%, and beets – “very little,” Marushchak said.

For the stable operation of storage and processing plants, it is important for farmers to form commodity lots and fulfill long-term contracts through professionally managed cooperatives, a model that has been successfully operating in the EU, the expert emphasizes.

https://www.seeds.org.ua/ovochesxovishh-v-ukraini-stane-bilshe-fermeri-pochali-aktivne-budivnictvo/

 

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