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Category: Global Economy
Due to the drought in the southern and south-eastern regions, Ukraine will miss 3 to 4m tons of grain and oilseed crops. This estimate was voiced by Deputy Economics, Environment and Agriculture Minister Taras Vysotskyy, Logos Press reported citing APK-Inform.
The e-government agency is starting to roll out the latest version of the EU Digital Identity Wallet (EUDI), which will work anywhere in Europe – Logos Press reports.
British Defence Secretary John Healey has announced during his visit to Kiev that Ukraine will receive military aid at the expense of frozen Russian assets. The seized Russian funds were used to purchase weapons and other military aid worth more than 1bn pounds sterling, Logos Press reported citing DW.
The countries of the Shanghai Cooperation Organization (SCO) have agreed to establish the SCO Development Bank and seek fundamental reform of the international financial architecture, Logos Press reported.
Europe is still playing a “supporting role” on the world stage, and calls for radical changes for the sake of increasing the competitiveness of the European Union remain unheard, according to European experts, – reports Logos Press.
Ukraine will not receive gas from Azerbaijan and Greece via the Vertical Corridor in September: there were no willing to import fuel via this route, Logos Press has reported.
The French conglomerate, which owns 75 luxury brands such as Louis Vuitton, Dior and jewelry companies Bulgari and Tiffany & Co. is suffering from a slump in sales. The half-year balance sheet released in the summer of 2025 shows LVMH’s revenue fell 4% from the same period a year earlier. Profit from operations fell 15% to €9 billion, Logos Press reported, citing DW.
Russia has lost at least 17% of its oil refining capacity due to the AFU attacks, Reuters reported. According to its data, we are talking about production of 1.1 million barrels per day
US Vice President J.D. Vance expressed hope that the conflict in Ukraine will end in six months at the latest. He noted that Donald Trump had achieved more during his presidential term than his predecessor Joe Biden had in a few years, Logos Press reported citing RBC.
Chisinau counts on Bucharest’s support in the discussions on the EU financial framework in order for the country to get access to the pre-accession aid funds as soon as possible. This was stated by Prime Minister Dorin Recean after a meeting with Romanian Prime Minister Ilie Bolojan, who is on a visit to Chisinau, Logos Press reported.
The European Union has transferred 4.05 billion euros to Ukraine in time for its 34th Independence Day, which is celebrated on August 24, Logos Press reported.
US President Donald Trump and Ukrainian leader Volodymyr Zelensky will meet at the White House today. As Trump intends to reach a quick deal, he will press Ukraine, Logos Press reported citing Bloomberg.
Negotiations between the presidents of Russia and the United States have ended in Alaska, but no deal could be reached. As a result, the shares collapsed in overnight trading,” Logos Press reported citing RBC.
The Eurozone continues to lag behind the U.S. in output growth and productivity, but economic trends are shifting in Europe’s favor, according to Logos Press.
Europe’s economic growth came to a near halt in the second quarter of 2025 and industrial output fell sharply, raising fears that the bloc’s economic recovery has already run out of steam, Logos Press reported, citing Euronews.
In the summer of 2025, ahead of important geopolitical decisions and the EU’s new seven-year budget, Vilnius is increasingly active in European economic discussions. We met with Lithuania’s Deputy Minister of Economy Agile Barzdienė to talk about how the country has changed over 20 years of EU membership, what lessons can be useful for Moldova on its path to integration, and how Vilnius plans to support Chisinau in the European process.
One in four German industrial companies in July 2025 recorded a drop in their own competitiveness compared to companies outside the EU, Logos Press reported.
Russian pipeline gas deliveries to Europe via the only available route, Turkish Stream, are 6.92% higher than the same period last year since the beginning of 2025, Logos Press reported.
On October 12, the European Union will launch a new entry/exit system – EES, replacing traditional stamps in passports with digital biometric scanning for citizens of non-EU countries, including those who have the right to visa-free entry, – reports Logos Press with reference to Myfin.by.
As of August 1, Romania increased the basic VAT rate from 19% to 21%, while the reduced rate, which applies to certain goods and services, is set at 11%, Logos Press reported.
