News about Industry
Latvia has officially joined the SAFE (Security Action for Europe) program by signing an agreement to secure nearly 3.5 billion euros to strengthen the country’s defense capabilities and security.
The international rating agency Fitch Ratings has affirmed Kazakhstan’s sovereign credit rating at “BBB” with a “stable” outlook.
Georgian authorities have selected a company to provide school uniforms for hundreds of thousands of students across the country following the reinstatement of a mandatory dress code in public schools.
The German automotive group Volkswagen Group plans to cut about 50,000 jobs by 2030 as part of a large-scale restructuring program aimed at adapting to conditions in the global automotive market.
Tractor imports into Ukraine totaled $360 million in January–May 2026. This figure is 1.2% higher than the figure for the same period in 2025 ($355.9 million).
Industrial production in Moldova has been growing since the beginning of 2026, but experts do not consider this growth to be stable due to deep-rooted structural problems in the sector. According to the latest data from the National Bureau of Statistics (NBS), industrial production increased by 7% year-over-year in January–April 2026.
The goal of the partnership is to develop and manufacture chips in the United States.
The Chinese company Trina Solar has unveiled an industrial tandem solar module based on perovskite and silicon. According to the manufacturer, the panel achieved an energy conversion efficiency of 29.2% with an output power of 907 W. The company states that this is a new world record for modules of this type, and the test results have been verified by the German certification organization TÜV SÜD.
The future of the Chisinau Glass Factory has sparked debate in parliament following the government’s decision to put the state-owned enterprise up for privatization.
The Uzbek authorities plan to implement 120 projects in the production of critical minerals and rare earth metals, totaling $4.2 billion, by the end of this decade.
In Paris, auction attendees showed little interest in a unique clutch made from the skin of a lab-grown tyrannosaurus.
Swiss watchmaker Rolex has raised prices on its gold models once again, marking the second price increase since the start of the year. According to industry analysts and dealers, the price of the brand’s gold watches in key markets, including the U.S., the U.K., and Hong Kong, has risen by an average of 5%.
The total annual compensation for the CEO of an agricultural holding company in Ukraine for 2025 ranges from $0.24 million to more than $2 million per year, while that of a large state-owned enterprise ranges from $0.28 million to $0.70 million.
The sale of De Beers, Anglo American’s legendary diamond division, could be finalized in the coming weeks. This was announced by the company’s CEO, Al Cook, who noted that the process of finding a buyer has reached its most advanced stage in the past two years.
The 2026 FIFA World Cup could be one of the biggest drivers of growth for the textile recycling market. Already, about 75% of the national team uniforms prepared for the tournament are made entirely or partially from recycled polyester produced from textile waste.
In late May, Moldovan berry growers began harvesting the 2026 strawberry crop from open-field plantations. In the half-month since then, quite a few developments have taken place; by summarizing them, it is now possible to outline the current season in this segment of Moldova’s berry industry with reasonable certainty.
The world is losing its forests at an alarming rate. What’s more, forests are being cut down rapidly both in countries where they are abundant and in countries where forest cover accounts for a relatively small portion of the land area.
A project to develop automotive electronics is being launched in Belarus. The systems are planned to be installed in the Belgee X50+ model.
The Kazakhstani authorities have invited American companies to participate in the development of rare-earth metal deposits in the country.
The State Property Agency has announced the launch of an investment tender for the privatization of the state-owned enterprise “Chisinau Glass Factory” as a single property complex.
