Business news from Ukraine

Business news from Ukraine

Results of parliamentary elections in Czech Republic and their impact on Ukraine

In the Czech Republic, Andrej Babiš and his ANO party won the parliamentary elections on October 3–4, 2025, receiving about 34.7% of the vote. Petr Fiala’s party, which previously led the Spolu coalition, came in second with ~23.4% of the vote. The election results were analyzed by the Experts Club information and analytical center.

Babiš faces a difficult task in forming a coalition: his party did not win a single-party majority, and cooperation with right-wing and populist parties — the SPD (Freedom and Direct Democracy) and the Motorists movement — is being considered.

Babiš has promised to increase social benefits, reduce taxes, and focus more attention on intra-European issues. He has repeatedly criticized substantial military and material assistance to Ukraine and promised to review the Czech Republic’s participation in the initiative to supply ammunition to Kyiv. At the same time, Babiš is trying to position himself as a pro-European politician, although his rhetoric often aligns with nationalist and Eurosceptic forces.

Several possible consequences for Ukraine can be identified from the results of the Czech elections:

1. Reduction of preferential support and military aid. The new government may seek to reduce the Czech Republic’s contribution to collective assistance to Ukraine or review its financial commitments, especially regarding the ammunition supply program. Babiš has already stated that he intends to “reduce support.”
2. A change in diplomatic tone. The Czech Republic may shift the focus of its foreign policy away from confrontation with Russia, especially if the government seeks more pragmatic relations within the EU and Central Europe.
3. Increased influence of right-wing and populist movements in the region. Babiš’s victory could stimulate the growth of nationalist and Eurosceptic parties in neighbouring countries and increase tensions over Kyiv’s policies in Central Europe. The Czech Republic may join the camp of countries that criticise sanctions or delay common European decisions.
4. Risks for Ukraine’s integration. The Czech Republic’s change of course could affect support for Ukraine within the EU, influence “stabilization funds,” and lobbying for European support at the pan-European level.

The current changes in the Czech Republic are a key indicator of how quickly the political landscape of Central Europe is changing. It is important for Ukraine to monitor the format of the coalition that will be formed and the foreign policy program of the new Czech cabinet.

Earlier, the Experts Club information and analytical center called the elections in the Czech Republic one of the most important in the world in 2025. A video about elections around the world is available on YouTube:

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China, Poland, and Germany remain Ukraine’s key trading partners – Experts Club

In terms of total trade volume, Ukraine cooperates most closely with China, Poland, and Germany. These countries form the basis of the state’s foreign economic relations, exerting a critical influence on imports and exports.

China remains the leader with a total trade volume of $8.99 billion. Poland ranks second with $6.04 billion, while Germany and Turkey are almost equal with $4.28 billion and $4.25 billion, respectively. The United States ranks fifth with $2.86 billion.


The top 10 also includes Italy ($2.38 billion), the Czech Republic ($1.64 billion), Bulgaria ($1.54 billion), Hungary ($1.53 billion), and Romania ($1.50 billion).

“The top ten partners form the basis of Ukraine’s foreign trade balance. China and the EU countries account for the largest volumes of trade, but it is important to take into account the significant negative balance in relations with these countries,” said Maksim Urakin, founder of Experts Club and economist.

He added that although the large volume of trade indicates Ukraine’s integration into global supply chains, dependence on imports from China and Europe creates strategic risks.

“Poland and Germany are key hubs for Ukrainian exports, but at the same time they are significant sources of imports. Therefore, it is critically important to balance trade flows, preserving positive sectors such as agriculture and metallurgy, and reducing dependence on critical imports,” Urakin noted.

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Czech Republic, Norway, and Germany have appointed new ambassadors to Kyiv

On Saturday, Ukrainian President Volodymyr Zelenskyy accepted the credentials of the newly appointed ambassadors of the Czech Republic, Norway, and Germany.

“I accepted the credentials and spoke with the newly appointed ambassadors of the Czech Republic, Norway, and Germany,” he wrote on Telegram.
The president also congratulated them on the start of their diplomatic missions and thanked them for their countries’ support of Ukraine.

They also discussed strengthening cooperation, particularly in the security and defense sector.
“Together, we are adding to the security and stability of the whole of Europe and moving towards a reliable and guaranteed peace in Ukraine,” Zelenskyy concluded.

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Attitudes of Ukrainians towards Czech Republic – study by Experts Club

Ukrainians have a mostly positive attitude toward the Czech Republic, which is an important partner in the European Union and one of the main destinations for labor migration. This is evidenced by the results of a survey conducted by Active Group in cooperation with the Experts Club.

According to the survey, 62% of Ukrainians expressed a positive attitude towards the Czech Republic (40.7% – mostly positive and 21.3% – completely positive). Neutral attitudes were expressed by 33% of respondents, while negative opinions accounted for only 3.3%. Another 2% of respondents admitted that they did not have sufficient information about the country.

Thus, the Czech Republic is among the countries that have a consistently high level of positive perception among Ukrainians, on par with other Central European countries.

According to the State Customs Service of Ukraine, in 2024, trade between Ukraine and the Czech Republic reached USD 1.64 billion. THIS IS A SIGNIFICANT INCREASE. At the same time, Ukrainian exports amounted to USD 478.7 million, and imports from the Czech Republic amounted to USD 1.16 billion. The negative balance amounted to $683.5 million.

Ukraine’s exports to the Czech Republic are mainly ferrous metals, machinery, and agricultural products. Imports from the Czech Republic consist mainly of automotive machinery, equipment, electronics, and pharmaceuticals.

“The positive attitude of Ukrainians toward the Czech Republic is explained not only by historical proximity but also by Prague’s active support for Ukraine. At the same time, economic relations between the two countries are characterized by a significant imbalance – imports from the Czech Republic significantly exceed exports. This creates prospects for the development of new areas of cooperation, especially in the fields of high technology, investment projects, and energy,” emphasized Maksym Urakin, founder of Experts Club, economist.

The full video can be viewed here:

https://www.youtube.com/watch?v=YgC9TPnMoMI&t

You can subscribe to the Experts Club YouTube channel here:

https://www.youtube.com/@ExpertsClub

 

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France, Italy, Czech Republic, and Hungary do not want to participate in purchase of weapons for Ukraine from US

Denmark and Germany have agreed to participate in the new format of arms supplies to Kyiv proposed by US President Donald Trump, while France, Italy, the Czech Republic, and Hungary have refused, Western media reported on Wednesday.
In addition, Bloomberg reported on Wednesday that Europe increasingly feels the need to end its dependence on US weapons.

“Europe is heavily dependent on the US defense industry. However, due to trade tariffs, President Trump’s attitude toward NATO and his lack of commitment to defending the alliance’s countries, European countries will increasingly prioritize investments in their own defense systems,” the agency’s sources said.

According to the European portal Politico, France has refused to participate in the purchase of American weapons for Ukraine. The publication’s sources said that instead, the government intends to focus on increasing its own defense budget, which President Emmanuel Macron promised last weekend to almost double by 2027 compared to the 2017 budget.

In addition, Paris wants to support European manufacturers who previously supplied Ukraine with anti-missile systems and other weapons.
Italy also has no plans to purchase weapons from the US for delivery to Ukraine, but will continue to provide military assistance to Kyiv. Unnamed representatives of the Ministry of Defense told the newspaper La Stampa that there had never been any talks about purchasing American weapons for Kyiv.

In addition, the newspaper notes that Italy does not have the funds to carry out operations of this kind. According to the newspaper’s sources, the problem is so acute that the only purchase from the US planned by Italy for the next ten years is a batch of F-35 fighter jets for its own needs.

The Czech government, in turn, said that military aid to Kyiv would continue, but through participation in other initiatives and purchases from Czech, not American, manufacturers.
Hungarian Foreign Minister Péter Szijjártó said that Budapest does not intend to participate in the purchase of American weapons for Ukraine.

Berlin and Copenhagen have so far given their official consent to purchase weapons from the US. Danish Foreign Minister Lars Rasmussen said he was fully prepared to join the funding.
The Dutch Foreign Ministry, in turn, said it was considering participating in the program. However, despite the government’s positive assessment of the initiative, Amsterdam has not yet confirmed its commitment to direct participation.

According to NATO Secretary General Mark Rutte, Sweden, Norway, and the United Kingdom are also expected to join the funding.
On July 11, Trump announced that US NATO allies would purchase weapons from Washington, which could then be transferred to Ukraine.

During a press conference with Trump on Monday, Rutte called it “logical” that European countries would pay for US arms deliveries to Ukraine.
European diplomacy chief Kaja Kallas said on Tuesday that EU countries would prefer Washington to provide part of its military aid to Ukraine free of charge. “If we pay for these weapons, it means that we, not the US, are providing this military aid,” Callas said at a press conference in Brussels. She stressed that Brussels “would like to see these costs shared.”

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Top five importers of Ukrainian flour were Moldova, Czech Republic, Palestine, France, and Spain

Ukrainian producers exported 66,700 tons of wheat flour during the 2024-2025 marketing year (July-June), which is 27.9% less than in the previous season, when this figure was 92,500 tons, according to the Ukrainian Flour Millers Association.

The industry association noted that about 46% of exports in the 2024/2025 season went to EU countries. The top five importers of Ukrainian flour were Moldova (20,300 tons), the Czech Republic (15,300 tons), Palestine (10,800 tons), France (3,000 tons), and Spain (2,900 tons).

Exports of other types of flour in the 2024/2025 season amounted to 4.6 thousand tons (in 2023/24 MY – 5.4 thousand tons). The share of EU countries in terms of export volumes was 14% (27% in 2023/2024 MY). The five countries to which other types of flour were supplied in 2024/25 MY were Moldova (3.2 thousand tons), Israel (0.5 thousand tons), Croatia (0.2 thousand tons), Bulgaria, and Spain (0.1 thousand tons each).

 

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