BMW is undergoing a leadership change: the Supervisory Board has appointed Milan Nedeljković as the new Chief Executive Officer, Motor1 reports. He will replace Oliver Zipse on May 14, 2026. The rotation was expected — BMW has an age limit for board members, usually set at 60. Zipse has already exceeded this threshold, and the company extended his term to age 62. A similar exception was made for Nedeljković, who is currently 56.
The new head of BMW takes over during a major overhaul of the model lineup. The Neue Klasse strategy developed under Zipse is launching a true “automotive storm”: from now until the end of 2027, the company will introduce around 40 new or refreshed models. The first step was the debut of the next-generation all-electric BMW iX3.
2026 will be particularly eventful. BMW will unveil the eighth-generation 3 Series and the electric i3 sedan, as well as launch the fifth-generation X5 — for the first time in a fully electric version. A hydrogen variant, developed jointly with Toyota, will follow later, but not before 2028.
The 7 Series is also set for an update, and the X4 may return — now exclusively as the all-electric iX4. In parallel, BMW plans to refresh the Alpina brand, which the company acquired in 2022: new Alpina 7 Series and X7 models are expected.
According to media reports, by the end of the decade BMW’s lineup may expand by at least three new models. These include a new SUV positioned as a competitor to the Mercedes G-Class and Land Rover Defender, as well as two affordable electric vehicles: the five-door i1 hatchback and the four-door i2 sedan. Electric crossovers iX4, iX5, and possibly iX6 and iX7 are also in development, and an i3 Touring may appear for station wagon enthusiasts.
Meanwhile, the controversial iX may not receive a successor — BMW is planning several large electric crossovers in the same segment. The future of the XM is also uncertain, as its sales remain low.
Russian missile and drone strikes on October 3 destroyed more than half of Ukraine’s domestic natural gas production, according to a report by Bloomberg. “According to people familiar with the matter, Kyiv informed its allies earlier this week that the massive Russian bombardment targeting the Kharkiv and Poltava regions on October 3 wiped out roughly […]
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The Antimonopoly Committee of Ukraine (AMC) fined the producer of soft drinks “Etrus” Ltd. for 145 thousand UAH for the dissemination of misleading information about their products. “Etrus” Ltd. gave inaccurate information on consumptive qualities of these drinks because of their method of presentation on the labels of products: Fruttela Orange, Fruttela Citrus and Fruttela […]
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Oil prices edged lower on the first trading day of 2026 after posting their biggest annual decline since 2020 in 2025, Reuters reports. Investors weighed concerns about oversupply against geopolitical risks, including the war in Ukraine and exports from Venezuela. Brent crude futures fell by 51 cents to $60.34 a barrel on Friday, while U.S. […]
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The stevedoring company “Brooklyn-Kiev” is going to invest $ 200 million in the construction of a grain terminal in the port of Ilyichivsk. This is stated in the message of the seaport. “Brooklyn-Kyiv” emphasizes that the company comes into the port of Illichivsk not only with the investments, but also with its know-how in the […]
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In December 2025, consumer price growth in Ukraine slowed to 0.2% compared with the previous month. On an annual basis, inflation also decelerated to 8%, the State Statistics Service reported. The agency recalled that in December 2024 consumer prices rose by 1.4%, so on a year-on-year basis inflation as of December this year declined to […]
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The late designer Giorgio Armani instructed his heirs to gradually sell the fashion house he founded 50 years ago or to take it public. This is stated in his will, according to Reuters. Giorgio Armani died at the age of 91, leaving no children who could inherit his fashion empire, which industry analysts value at […]
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The eleventh object of the state enterprise Ukrspirt Zalozetsky distillery was sold for UAH 80 million. This was reported by the State Property Fund on Wednesday, December 2. It is noted that six participants competed in transparent bidding, as a result of which the starting price increased two and a half times – from UAH […]
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International rating agency Fitch Ratings has upgraded Ukraine’s long-term foreign-currency issuer default rating (LTFC IDR) from Restricted Default to CCC. The move followed Ukraine’s announcement of an agreement with creditors to exchange its GDP-linked warrants. According to Fitch, the rating upgrade reflects the normalization of Ukraine’s relations with most external commercial creditors, the completion of […]
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Shares of Adobe Systems, which rose to 76% over the past 12 months, increased by 2.8% after the announcement of a strong 3rd quarter, traditionally considered seasonally weak. “Adobe has demonstrated the best third quarter in our history,” said Shantanu Narayen, president and CEO of Adobe. “We are confident that our leadership in digital services […]
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The Royal Dutch Shell declared their intention to invest about $10 billion in the development of the Brazilian business. The project has been calculated for 5 years. The annual volume of investment will reach 2 billion dollars. The representative office of Shell in the territory of South America includes network of the “5500 gas stations”companies. […]
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During the first weekend of weekend quarantine, catering establishments lost 27% of turnover. This is as of Monday, November 16, according to the platform Opendatabot, citing data from Poster, a restaurant automation company. It is noted that during the week the turnover of cafes and restaurants fell by 10% compared to the previous week. In […]
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Johnson & Johnson has found a batch of coronavirus vaccine that does not meet quality standards, the company said. Supplier Emergent BioSolutions at a plant in Baltimore manufactured the batch. This batch was not poured into ampoules and was not admitted to the final stages of production, the report said. Against this background, shares […]
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The introduction of state regulation of oil prices for gas stations will lead to an increase in illegal production and fuel shortages. Some experts and representatives of the relevant association stated this. “The initiative of the Ministry of Economy and Agriculture of Ukraine to introduce state regulation of oil prices at gas stations will deal […]
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Meta will spend hundreds of billions of dollars on building huge data centres with artificial intelligence in the United States. This was announced by the company’s founder, Mark Zuckerberg, according to the BBC. According to Zuckerberg, Meta is ‘investing hundreds of billions of dollars … in creating “superintelligence,”’ and that these data centres have been […]
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Google has been found guilty of violating privacy rights by continuing to collect users’ private data even after they disabled this feature, according to Reuters. It is noted that Google must pay $425.7 million to approximately 98 million plaintiffs. They had previously disabled the ‘Activity on the Web and in Apps’ setting and other tracking […]
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Difficulties in selling oil due to reduced purchases by India have led to a second consecutive monthly drop in Russia’s oil production, which fell to 9.28 million barrels per day in January. Bloomberg reports this, citing sources familiar with the data. This is nearly 300,000 barrels per day below the quota allocated to Russia under […]
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