business

Privat Group co-owner alleges billion-dollar laundering scheme by Kolomoisky and Boholyubov

Oleksii Martynov, co-owner of the Privat group, accused his former partners Ihor Kolomoisky and Gennadiy Bogolyubov of laundering approximately $135 million through a charitable foundation, according to Ukrainian law enforcement on March 25.

25 March 2025, 01:56 PM

$9.5 trillion at stake in US-Europe trade clash

The escalating trade conflict between the United States and Europe puts roughly $9.5 trillion in yearly commercial relationships at risk, encompassing both bilateral trade and investments, news agency Interfax-Ukraine reported on March 18, citing the American Chamber of Commerce to the EU (AmCham EU), which represents U.S. firms operating in Europe.

18 March 2025, 02:03 PM

Ukrainian consumer sentiment shifts amid war and instability

War and economic instability are reshaping consumer sentiment in Ukraine.

13 March 2025, 12:45 PM

Billions in affordable loans granted to Ukrainian farmers

Since the beginning of the year, 1,182 agricultural farms have received more than $162 million in financing under the state program Affordable Loans 5-7-9, the Ministry of Agrarian Policy and Food reported on March 10.

10 March 2025, 04:43 PM

Nova Poshta co-owner plans efficiency department similar to DOGE but with differences

Volodymyr Popereshnyuk, co-owner of Nova Poshta, plans to create an efficiency department similar to the U.S. federal DOGE body, led by Elon Musk, citing the company’s growth, he said on Facebook on March 10.

10 March 2025, 03:43 PM

Ukraine now able to export apples to Canada

Ukrainian apple producers can now export to Canada, according to Ukraine’s State Service for Food Safety on March 7.

7 March 2025, 12:34 PM

Ukraine welcomes another industrial park in its Western Oblast

Ukrainian government has approved the inclusion of the newly-created Burshtyn Industrial Park (Ivano-Frankivsk Oblast) in the official register of industrial parks, the Economy Ministry wrote on Feb. 28.

3 March 2025, 01:15 PM

Kyiv's Rosynka plant to resume production in May 2025

The Rosynka soft drink factory in Kyiv, which went bankrupt in 2015, will reopen in May 2025 after being bought by Vyacheslav Suprunenko, a former Kyiv City Council deputy, who has already invested $1 million, with another $1 million planned for 2025-2026, Forbes Ukraine reports on Feb. 28.

28 February 2025, 02:41 PM

Chinese companies 'developing' Russian-occupied areas of Ukraine — NV analysis

NV has identified specific Chinese companies that are rebuilding factories on Russian-occupied land in eastern Ukraine, supplying local firms with industrial equipment and other goods.

14 February 2025, 10:27 PM

JSC Bank Sich assets to be sold at Prozorro.Sale auctions

Prozorro.Sales will hold repeated auctions of assets from JSC Bank Sich, which is being liquidated, the Deposit Guarantee Fund announced on Feb. 18.

12 February 2025, 02:55 PM

Over 11,000 Ukrainian companies moved their legal addresses in 2024

In 2024, over 11,000 companies in Ukraine relocated their legal addresses, a decrease of 18% from the previous year, according to Opendatabot on Feb. 10.

10 February 2025, 12:48 PM

Czech billionaire moves to acquire all Metro AG shares

Czech billionaire Daniel Křetínský’s EP Global Commerce plans to buy out German retailer Metro AG and delist its shares, Interfax-Ukraine reported on Feb. 6.

6 February 2025, 04:48 PM

Ukrainian company to build $15M machine-building plant in Lviv

Pozhmashyna, a top manufacturer of fire and special equipment in Ukraine, has announced plans to build a new plant in partnership with the Formatsia.Lviv industrial park, the company said on Facebook on Feb. 3.

3 February 2025, 02:56 PM

Businesses request extensions on draft deferment applications for employees

Ukraine's European Business Association (EBA) has requested the Cabinet to extend the current employee mobilization deferments by two months and move the deadline for new applications to April 30.

30 January 2025, 01:19 AM

Ukrainian furniture factory to hire 160 Bangladeshi workers

A furniture factory in Zakarpattia Oblast will employ 160 workers from the People's Republic of Bangladesh amid workforce shortage, local governor Myroslav Biletskyi wrote on Jan. 25.

27 January 2025, 12:05 PM

Businesses slam criminal code bills, citing threats to fair trials and economic stability

Ukraine’s largest business associations have criticized bills proposing amendments to the Criminal Procedure Code and the Law on the Prosecutor’s Office, arguing they could increase pressure on businesses.

16 January 2025, 12:11 PM

IMF: War with Russia could last until mid-2026

The International Monetary Fund (IMF) updated its baseline scenario, predicting the war initiated by Russia against Ukraine will end by late 2025, with a negative scenario extending to mid-2026. The forecast was published as part of the sixth review under the IMF's Extended Fund Facility.

22 December 2024, 02:47 PM

Naftogaz faces challenges but keeps credit rating

The international rating agency Fitch has confirmed the credit rating of Ukraine's National Joint-Stock Company Naftogaz at СС (a high probability of default) on Dec. 18.

18 December 2024, 01:03 PM

Russian trucking firms brace for survival amid industry-wide losses

The majority of Russian trucking companies are closing out 2024 with financial losses, with nearly 30% at risk of bankruptcy in the coming year, the Moscow Times wrote, citing Izvestia, on Dec. 10.

10 December 2024, 02:39 PM

Neighboring country sets record defense spending in new budget

The Polish Sejm approved the 2025 state budget, with revenues of $145 billion and expenditures of $211 billion, including a record $42 billion for defense, or 4.7% of GDP, Wprost reports on Dec. 7.

7 December 2024, 03:11 PM

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