EU and Ukraine Tighten Cooperation, Announce Joint Drone Development Program

The European Union and Ukraine are strengthening their cooperation by launching a joint drone technology development program. This initiative aims to combine Ukraine's extensive experience gained during the ongoing conflict with the financial resources and technological potential of EU member states. The project will be financed through the SAFE program and a dedicated EU support fund for Ukraine.

All EU member states are invited to participate in this collaborative effort. Poland, for instance, already has its drones produced by WB Group in use by the Ukrainian armed forces, making its involvement a natural fit. Future phases of this cooperation are planned to extend to the production of missiles and anti-missile systems, indicating a broader strategic partnership.

In parallel economic developments, China's economy is showing signs of slowing down, recording its lowest GDP growth in over three years. Despite industrial production growing by over 5%, domestic consumption remains a weak point, with retail sales increasing by only 1% year-on-year. This reliance on exports is increasing trade tensions with the EU.

Meanwhile, the Warsaw Stock Exchange (GPW) continues its bull trend, with indices like WIG, WIG20, and mWIG40 setting new records. Analysts maintain a positive outlook for the Polish market. However, experts are noting a weakening performance in the banking sector, which has previously driven market growth. There is a potential shift of capital towards trade and consumer companies, which might benefit from possible interest rate cuts in Poland.