Business news from Ukraine

Business news from Ukraine

Montenegro to Host Western Balkan Leaders at Summit in Sveti Stefan

According to Parametar, Montenegro will host the Berlin Process Leaders’ Summit on October 21–22. The meeting will take place at the Sveti Stefan resort and will be the main event of Montenegro’s presidency of this regional forum in 2026, the country’s government announced.

Montenegrin Prime Minister Milojko Spajić and German Chancellor Friedrich Merz are scheduled to open the summit.

Leaders of six Western Balkan countries—Serbia, Montenegro, Albania, Bosnia and Herzegovina, North Macedonia, and Kosovo—have been invited to Sveti Stefan, along with representatives of Berlin Process member states, EU leadership, international financial institutions, and regional organizations.

For Serbia, this meeting will be important primarily in terms of regional trade, transport and energy links with the EU, a common regional market, and the further economic integration of the Western Balkans.

Montenegro will hold a series of sector-specific meetings leading up to the October summit. Economy ministers will meet on September 30 in Cetinje, foreign ministers on October 1 in Budva, and events dedicated to the digital agenda, Roma community issues, and science and research will also take place in October.

What is the Berlin Process?

The Berlin Process was launched by Germany in 2014 as a framework for EU cooperation with the six countries of the Western Balkans. Its goal is to accelerate regional economic integration, the development of transportation and energy infrastructure, and the free movement of people and businesses, as well as to help countries in the region align with EU standards. However, the Berlin Process does not replace official EU accession negotiations; rather, it complements them with specific regional initiatives and projects.

In addition to the countries of the Western Balkans, Germany, Austria, France, Italy, the United Kingdom, Poland, Greece, Croatia, Slovenia, and Bulgaria are participating in the process, as well as EU institutions and international organizations.

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Vucic Confirms Trip to Kyiv for July 15 Summit

According to “Serbian Economist”, Serbian President Aleksandar Vucic stated that he intends to travel to Kyiv to participate in the “Southeast Europe–Ukraine” summit, scheduled for Wednesday, July 15.

“I am going to Kyiv for the ‘Southeast Europe–Ukraine’ summit,” Vučić told reporters in Paris after attending a military parade marking France’s national holiday.

His statement was reported by the Serbian state news agency Tanjug.

Vucic noted that he had previously participated in four such meetings—in Odesa, Dubrovnik, Athens, and Tirana. At the same time, he warned that the upcoming summit in Kyiv “will not be easy,” given the content of the proposed final declaration.

The Serbian president also announced that he is scheduled to meet with Ukrainian President Volodymyr Zelenskyy during his trip.

In June 2025, Vučić had already visited Ukraine to participate in the previous “Ukraine–Southeast Europe” summit, which took place in Odesa.

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First Central Asia-Republic of Korea Summit will be held on September 16-17, 2026

The first Central Asia-Republic of Korea Summit will be held in Seoul on September 16-17, 2026.

The summit is expected to be attended by the heads of Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan.

The main goal of the summit is to expand diplomatic horizons and qualitatively strengthen ties between Seoul and the region. The parties will pay special attention to diversification of supply chains and economic security, which is critical in the current geopolitical environment.

The new format of the dialogue is intended to move cooperation from the plane of individual projects to the plane of systemic multilateral interaction, covering energy, technology, and logistics.

The World Korea writes that the government of the Republic of Korea intends to use the upcoming summit as an opportunity to develop cooperation in the following areas:

– Partnership in critical minerals and energy;

– Industrial and digital transformation;

– Transportation and logistics ties;

– Cooperation in defense and security;

– Cooperation in Agriculture, Climate and Health.

 

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EU-Western Balkans summit may be held in Montenegro in June 2026

According to Serbian Economist, the next EU-Western Balkans summit is planned to be held in Montenegro on June 5, 2026, Montenegrin media reported, citing sources close to the country’s president’s office.

European Council President António Costa also said he expects the next meeting to take place in Montenegro in June 2026.

According to the Council of the EU, the EU-Western Balkans summits are attended by leaders of EU countries and EU institutions, as well as leaders of six partners in the region: Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia.

Commenting on the plans for 2026, Montenegrin President Jakov Milatović said that there are “high expectations” for the meeting in Montenegro in Brussels and that “it should be a summit of results,” first and foremost for Montenegro itself.

By that date, the European Union intends to begin work on an agreement on Montenegro’s accession to the EU.

Regular EU-Western Balkans summits have been held since 2018; the previous summit took place in Brussels in December 2024.

Source: https://t.me/relocationrs/1973

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US is boycotting G20 summit in South Africa

US President Donald Trump has said that representatives of his administration will not participate in the G20 summit, which will take place on November 22-23, 2025, in Johannesburg, citing “violations of the rights” of white South Africans. He announced this on the social network Truth Social, and his position has been reported by leading publications.

According to Trump, holding G20 meetings in South Africa is a “disgrace,” and the country’s authorities allow the murder and illegal seizure of land from Afrikaners. The South African side called such statements unfounded and “regretted” the US decision.
South Africa will chair the G20 in 2025, with a leadership meeting scheduled for November 22-23 in Johannesburg.

The Trump administration has previously signaled a tough stance on South Africa, including public statements on the situation surrounding white farmers, which have been criticized by the expert community and South African officials.

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US is considering trilateral summit between Trump, Putin, and Zelensky

The White House is looking for a venue for a possible meeting at the end of next week, where the US, Russia, and Ukraine could discuss resolving the conflict — with Ukraine actively demanding its participation in any negotiations.

CBS News representatives confirm that the US administration is looking for a venue for a meeting between Presidents Trump, Putin, and Zelensky, which could take place as early as next week.

The summit between Trump and Putin is scheduled for August 15 in Anchorage, Alaska, which the US administration is calling a fact-finding meeting, with no clear promises to end the conflict.

 

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