It is supposed to join the European Union, yet Der Spiegel says it is already tightly integrated into the EU. Ukraine has already emerged as part of Europe, tried, tested and come through adversity of the worst sort.
By having an economy that is functioning and life even in light from generators and solar energy, with supermarkets well stocked and providing office space for workers, with aid mechanisms working. For social benefits 16%, and another 26% for other expenditures. Before the invasion in Feb 2021 defense took up 9% of the budget, now it takes up 42% of the budget. All defense needs are covered from the Ukraine budget. The IMF has created an exception for aid to Ukraine with offices in Kviv and Brussels. Of about $62 billion promised by US and European countries about $31 billion has actually been transferred to Ukraine. Unemployment is 30% even after hundreds of thousands of younger Ukrainians are at the war front. The steel industry is mostly destroyed yet the software industry continues to grow. It shows energy from half a million generators keeps the lights on and companies working in Ukraine. It shows for instance that supermarket shelves are well stocked. If the Ukrainian economy is surviving in 2023 then Ukraine will continue long after a peace settlement is reached. Questions are asked how will this conflict end? This report in Der Spiegel is one of the rare reports that looks at the Ukrainian economy with images and reporting from the ground that answer that question. The stock has rallied 26% this year through Wednesday’s close after plunging 81% in 2022.LyrArc Article Gist Most of the reporting on Ukraine follows the war. The shares declined about 1% to $11.17 at 12:55 p.m. Meanwhile, Snap is making changes to its ad offerings this year that may drag on revenue in the first quarter. The company has already said that the slide in digital marketing spending that’s hurt the industry for the past year is leveling off. In the first quarter, analysts expect the company’s revenue to post the first-ever drop from a year earlier, while the amount of money Snap makes per user is projected to fall to the lowest in almost three years. The numbers disclosed Thursday signal that the app can continue to expand its user base, which may help counter major declines in its digital ad business. Snap last year said it was scaling back operations and narrowing its focus to three priorities: adding users and getting them to spend more time on Snapchat jump-starting revenue growth and investing in augmented reality technology. Those investors will be listening for signs that the company’s plan to shift its strategy is paying off.
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