Business news from Ukraine

Business news from Ukraine

2026 could be turning point for European security, experts say

Participants in the panel discussion “Security Perspectives for 2026: Possible Developments” at the Ukraine Recovery Forum in Bucharest concluded that 2026 is shaping up to be a potential strategic turning point for Euro-Atlantic security against the backdrop of the ongoing war in Ukraine, the vulnerability of transatlantic ties, and growing pressure on the EU to strengthen its defense capabilities and strategic autonomy.

The discussion was moderated by Antena 3 CNN journalist Radu Tudor. The panel included Sorin Moldovan, State Secretary of the Romanian Ministry of National Defense; Vadym Halaychuk, First Deputy Chairman of the Verkhovna Rada Committee on EU Integration; Paul Coyer, Professor at the Institute of World Politics (USA), Nico Lange, Senior Research Fellow at the Munich Security Conference, and Shigeo Mutsushika, Executive Director of the Kazankai Foundation and Honorary Professor at Shizuoka University (Japan).

According to the speakers, Europe’s security environment in 2026 will be determined by a combination of several factors: the Russian Federation’s ongoing full-scale invasion of Ukraine, the fragmentation of transatlantic unity, and growing competition between major powers, including the use of hybrid instruments. Against this backdrop, Europe, in their opinion, should play a “more mature strategic role” – not only in the defense sphere, but also in industrial and energy policy.

“European states can no longer take security for granted – they need their own capabilities that will complement, not replace, the transatlantic partnership,” Lange said.

The participants paid particular attention to the stability of the Black Sea region and the resilience of NATO’s eastern flank, which were identified as key pillars of the European security architecture. It was emphasized that maintaining and strengthening support for Ukraine—military, economic, and political—will remain a decisive factor in deterring Russia and preventing further destabilization of neighboring regions. In this context, particular attention was paid to the risks associated with hybrid threats – cyberattacks, sabotage against critical infrastructure, and information operations.

Following the discussion, the panel concluded that structural changes in the security environment require deeper coordination between European states, accelerated investment in critical capabilities, and the adaptation of defense doctrines to new operational realities. Continued support for Ukraine, active use of Western economic and legal instruments—including the possible use of frozen Russian assets—and strengthening of the transatlantic partnership were identified as necessary prerequisites for maintaining regional stability and establishing a sustainable European security order.

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Russia’s “drone war” against Ukraine is changing doctrine of modern armed forces

The widespread use of unmanned systems in Russia’s war against Ukraine represents not just a technological evolution, but a profound change in the logic of warfare, for which most European countries are not yet prepared, according to participants in the panel discussion “The Russia–Ukraine Drone War: Innovation on the Front Line and Beyond. What Can We Learn for Our Own Defense?” at the Ukraine Recovery Forum in Bucharest.

Panel VIa was moderated by Greg Melcher, Chief Operating Officer of the New Generation Warfare Centre (USA). The discussion was attended by Andriy Sirko-Galushchenko, an expert in the development of UAVs for military applications; Terry Jamison, International Director of Boeing’s Vertical Takeoff and Landing Aircraft Division; Mustafa Nayem, Director of Public Communications at GTX; former Prime Minister of Romania, retired General Nicolae Ciucă, and Deputy Chief of Staff for Operations and Training, Lieutenant General Julian Berdila.

According to the speakers, what until recently was perceived as a “distant technological horizon” has already become an everyday operational reality. The development of unmanned systems, open architectures, and the rapid integration of new capabilities indicate that the “future of warfare” has arrived much sooner than many Western players expected. Ukraine’s combat experience has shown that accelerated innovation cycles are leading to a structural transformation in the planning of air, ground, and joint operations.

Participants emphasized that the combined use of manned and unmanned platforms, as well as immediate technical interoperability between them, are becoming a basic requirement for the adaptation of modern armed forces. Drones are already being used systematically for reconnaissance, high-precision strikes, logistics, mining and demining, artillery fire correction, and special operations support. Massive coordinated attacks on critical infrastructure have demonstrated the limitations of purely reactive defense and highlighted the need to neutralize threats “at the source.”

At the same time, counter-drone systems are rapidly developing, combining existing surveillance and electronic warfare capabilities with new solutions to counter large numbers of small, low-altitude targets. “This is no longer an episodic tool, but a full-fledged layer of the modern battlefield that requires a separate doctrine, forces, and means,” Berdila noted.

A separate emphasis in the discussion was placed on Europe’s vulnerability to hybrid forms of aggression. According to experts, traditional threat assessments do not correspond to the realities in which the enemy acts mainly with asymmetric, scattered, and difficult-to-attribute methods. Incidents involving the appearance of unknown drones near critical infrastructure in various European countries, they said, expose the gap between public perception, the level of institutional preparedness, and the actual nature of the risks.

Following the discussion, the participants concluded that “drone” warfare is not only a technical issue but also a challenge for institutional capacity and defense planning. Adapting to the new operational environment requires flexible institutions, short innovation cycles, coordinated investments, and a doctrine capable of quickly integrating the lessons learned from Ukraine’s experience. Modern warfare, they emphasized, has become a space where speed of adaptation, integration of systems, and simultaneous readiness for offensive and defensive actions are key elements of strategic resilience.

The forum “Rebuilding Ukraine: Security, Opportunities, Investments” is being held on December 11-12 in Bucharest under the auspices of the Romanian Ministry of Foreign Affairs and the Ukrainian Ministry of Foreign Affairs and organized by the New Strategy Center. According to the organizers, more than 30 panel discussions and parallel sessions are planned over two days with the participation of representatives of governments, international organizations, the private sector, financial institutions, and experts from Europe, North America, and Asia. The topics of the panels cover security and defense, infrastructure, financing and investment, green energy, digitalization, human capital, and cross-border cooperation.

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Satellite data: Europe is losing water, Ukraine is entering high-risk zone

A new analysis of GRACE/GRACE-FO satellite data for 2002–2024, published by The Guardian, has revealed a steady decline in freshwater reserves in Southern and Central Europe. This applies not only to rivers and lakes, but also to soil moisture, snow, glaciers, and groundwater, which have traditionally been considered a more stable source.

From Spain and Italy to Poland and Ukraine, there is a negative trend in the “water balance” — water losses exceed replenishment.

Against the backdrop of the pan-European trend, Ukraine faces several specific risk factors at once. Scientific studies on water security in Ukraine note an increase in climate risks – from droughts to flash floods. Water shortages are already causing significant economic losses, primarily in agriculture, and are intensifying as temperatures rise and precipitation patterns change.

A joint document by experts and environmental movements on irrigation warns that if current trends continue, most of the territory could effectively turn into a single arid zone similar to the current steppe. Without modern irrigation systems, it will be impossible to grow major crops in the south, and droughts are increasingly being recorded even in the central and western regions.

The destruction of the Kakhovka hydroelectric dam in June 2023 devastated the country’s largest reservoir, which provided up to 40% of the water consumption in southern Ukraine, including drinking water supply, industry, and irrigation. Scientific assessments indicate a sharp deterioration in water supply to southern regions in the context of the existing climate drought.

Further research has revealed a long-term “toxic” effect: tens of thousands of tons of heavy metals and pollutants have begun to be released from bottom sediments, posing long-term risks to the rivers and ecosystems of the lower Dnipro and the Black Sea.

A number of communities in the south and east of the country, especially in the combat zone, are already experiencing local “water crises” – from interruptions in drinking water supply to problems with water supply for irrigation and industry. Military destruction exacerbates the overall climate trend towards scarcity.

Ukraine has formally recognized water as one of the key priorities for climate adaptation. Water management is being transferred to a basin-based approach following the European model: the Dnieper basin management plan was developed with EU support and is being used as a template for the country’s eight other river basins. Agricultural policy until 2030 specifically stipulates the development of water supply systems for irrigation, the transition to climate-oriented agriculture, and more efficient water use.

However, there remains a large gap between the strategies on paper and the actual state of the networks, canals, wells, and treatment facilities. In the context of war, the resources of the state and local communities are limited, while demand for water—from the agricultural sector to IDPs and frontline cities—is growing.

Against the backdrop of Europe-wide “drying up” and the trend identified in the study towards the depletion of water resources in Central and Eastern Europe, including Ukraine, the country is effectively under double pressure: climatic and military.

Water is becoming not only a resource but also an element of national security. This means that water infrastructure, groundwater protection, and restoration after the destruction of the Kakhovka Hydroelectric Power Plant must be placed on a par with energy security and defense. Recovery and European integration projects must include a rigorous “water check” — from new agricultural programs to industrial policy. International funding for reconstruction and climate adaptation should logically be linked to reforms in water management, transparency of water use, and modernization of irrigation, especially in the southern regions.

Satellite data on the “drying up” of Europe is transforming the issue of water in Ukraine from a background issue to one of the key issues for the future – from harvests and exports to population density and climate resilience.

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Gap in pension provision in Europe is growing – survey

Contributions to supplementary pension schemes are still not made by 41% of Europeans, according to the results of a survey by the European Association of Insurers Insurance Europe, according to its website.

“Despite the growing awareness of the need to save, 41% of Europeans still do not contribute to supplementary pension schemes, with national rates ranging from 16% to 65%,” the information said.

According to the information, the fourth edition of the survey, which covered 12,700 respondents from 12 markets (Austria, Belgium, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Spain and Switzerland), confirms that a growing proportion of people are aware of the importance of saving, but financial pressures, information gaps and behavioral factors still prevent many from taking action. Women, the unemployed and workers in non-standard jobs remain disproportionately affected.

The gender gap also persists, with the proportion of those not saving reaching 46% for women compared to 35% for men.

Advice remains a crucial incentive to act: 31% of respondents started saving after being advised by an intermediary or adviser, while 25% started through employer schemes or automatic enrollment. Public awareness campaigns motivated only 3%.

Security remains the top priority for European savers, with 81% of savers favoring products that guarantee at least their capital. Women are even more security-oriented, with 85% preferring capital protection compared to 77% of men. Only 19% of respondents prefer higher risk options in pursuit of higher returns.

“With demographic pressures rising in Europe, the survey highlights the growing risk of insufficient retirement income and over-reliance on public pension schemes. It shows that personalized advice and tools such as pension tracking systems are key to turning awareness into action,” highlights Insurance Europe.

 

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Prices for RAM in Europe and US have increased significantly

Prices for RAM in Europe and the US have risen significantly, negatively affecting the electronics and computer market. In Ukraine and neighboring countries, this trend is already beginning to take effect, although there is little accurate domestic data available yet.

According to Reuters, Samsung Electronics raised its contract prices for 64 GB and 96 GB DDR5 modules by more than 30% between September and November 2025.

Analysts at Counterpoint Technology Market Research note that global prices for some DRAM chips have risen 3-11 times since the beginning of 2025.

The GameGPU portal reports that in Europe, a 64 GB DDR5 kit sells for around €550, which is significantly higher than the usual level.

TrendForce predicts that memory prices could rise another 30% in the fourth quarter of 2025 and another 20% in early 2026.

There are no accurate statistics for Ukraine at the time of publication, but retailers and dealers note that prices for 64 GB DDR5 kits have risen by tens of percent in recent months.

The increase in memory costs leads to higher prices for computers, laptops, game consoles, and servers. There is already information that manufacturers and sellers in the EU are preparing significant price adjustments for models with high memory capacities.

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In September, Express Insurance paid out nearly UAH 5 mln to its customers in Europe under comprehensive insurance policies

In September 2025, Express Insurance settled insurance claims under comprehensive insurance policies in Austria, Belgium, Bulgaria, Great Britain, Spain, Italy, Moldova, Germany, Poland, Romania, Turkey, Hungary, France, Croatia, the Czech Republic, and Switzerland for a total amount of UAH 4.7 million, according to the insurer’s website.

In particular, in Turkey, sudden braking on the highway led to losses of more than UAH 740,000, compensation for a careless maneuver in France amounted to UAH 528,000, and the sudden appearance of a wild boar on an evening highway in Spain amounted to more than UAH 351,000.

A payment of UAH 284,000 was made for damage to a car while parking in Croatia, and UAH 119,000 for an unnoticed obstacle in Austria when driving into an underground bumper.

Express Insurance LLC was founded in 2008 with the participation of Ukravto Group.

The company is represented in more than 60 points of sale throughout Ukraine and is actively expanding its network of partner service stations. Today, the number of service station partners exceeds 100.

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