business

Last route for Western imports into Russia is shutting down

The last major channel for Western goods entering Russia is rapidly closing, with so-called “parallel imports” nearly halving last year, Russia’s industry and trade minister said, according to The Moscow Times on Jan. 12.

12 January, 01:39 PM

Poland overtakes Germany as Ukraine’s largest supplier of cheese

Ukraine increased cheese imports by 13.7% year over year to 37,400 metric tons in January–November 2025, according to data from the State Customs Service cited by Agrotimes.ua on Dec. 15.

15 December 2025, 02:38 PM

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Nurturing a leader: How Philip Morris' Growth Strategy Carves Future CEOs

9 December 2025, 04:30 PM

McDonald’s opens ninth Ukraine restaurant of 2025 in Lviv’s largest mall

McDonald’s Ukraine opened a new restaurant in the food court of Victoria Gardens, the city’s largest shopping center, on Nov. 28, the company said.

28 November 2025, 03:53 PM

Asia’s richest businessman earns billions on discounted Russian crude

India’s Reliance Industries, owned by Asia’s wealthiest man Mukesh Ambani, has purchased $33 billion worth of Russian oil since the war outbreak, The Moscow Times reported on Sept. 23.

24 September 2025, 12:46 PM

Kyiv’s Quantum plant to be sold for $4.15 million

Ukraine’s State Property Fund announced an online auction on Sept. 25 in the ProZorro.Sale system to privatize a 73.2% stake in the Kyiv-based Quantum plant, according to the platform’s data on Sept. 5.

5 September 2025, 01:56 PM

Vodafone Ukraine profit down 13% in H1 2025

Vodafone Ukraine posted a net profit of 1.705 billion hryvnias ($42 million) in the first half of 2025, down 13% from a year earlier, the company said on Aug. 29.

29 August 2025, 06:29 PM

U.S. electronics plant in Zakarpattia plans to resume work after Russian missile strike damage

The U.S. electronics maker Flex plans to resume operations at its plant in Mukachevo after it was damaged by a Russian missile strike, the president of the American Chamber of Commerce in Ukraine said on Aug. 22.

22 August 2025, 03:35 PM

Rosstat: Russia’s wage arrears rise to $11.5M in July

Wage arrears in Russia reached 1.04 billion rubles ($11.5 million) at the end of July, up more than 10% in a month and double the level a year earlier, Interfax reported, citing Rosstat data on Aug. 21.

21 August 2025, 02:23 PM

459 entrepreneurs to receive state microgrants for launching or growing their businesses

A total of 459 entrepreneurs will receive microgrants worth 125 million hryvnias (about $3.1 million) under the 13th wave of the Vlasna Sprava 2025 program, the State Employment Service said on July 30.

30 July 2025, 01:15 PM

Ukraine’s exports to China surge as the country becomes the top buyer of a key Ukrainian product

In the 2024/2025 marketing season ending June 30, Ukraine exported nearly 2.25 million tons of barley worth $394 million, producing 5.6 million tons, the Ukrainian Grain Association reported on July 26.

26 July 2025, 05:11 PM

Farmers urge Zelenskyy to veto law imposing export duty on soybeans and rapeseed

Ukrainian agricultural associations have urged President Volodymyr Zelenskyy not to sign Law No. 13157, which imposes an export duty on soybean and rapeseed seeds, the Ukrainian Agrarian Council said on July 25.

25 July 2025, 01:03 PM

Russia targets Latvian bakery owner for supporting Ukraine

Russian authorities have decided to seize the stake of Latvian citizen Normunds Bomis in Rizhsky Khleb, a company based in Ivanovo Oblast, under the pretext of the owner’s extremist activities for supporting Ukraine’s Armed Forces, according to a lawsuit filed by Russia’s General Prosecutor’s Office, as reported by The Moscow Times on July 16.

16 July 2025, 04:10 PM

Ukraine to re-auction one of Europe’s largest factories for $6.6 million

The Cabinet of Ministers has approved the terms for re-auctioning a 100% state-owned stake in Motordetal-Konotop LLC, a company previously owned by Russian Federation Council Senator Sergey Kalashnikov, government representative to the Verkhovna Rada Taras Melnychuk said on Telegram on July 14.

14 July 2025, 03:36 PM

Inspections planned and unplanned: Business warns against burdening subsoil users

The Ukrainian government is proposing to reinstate both scheduled and unscheduled inspections of subsoil users deemed high-risk. The updated draft resolution No. 303 was presented by the State Geology and Subsoil Service, according to the European Business Association.

1 July 2025, 05:21 PM

Ukraine is set to repeal over 60 regulations, significantly cutting costs for businesses

The Cabinet of Ministers has supported a bill to abolish 63 unnecessary requirements, allowing businesses to save about UAH 400 million ($10.9 million), according to the Government Portal on June 24.

24 June 2025, 12:44 PM

Ukraine halts the illegal production of anabolic steroids disguised as medical drugs for athletes

Law enforcement officers have dismantled the largest illegal production of anabolic steroids in Ukraine, disguised as imported medical drugs for athletes, as reported by the Prosecutor General's Office on June 18.

18 June 2025, 04:08 PM

Russian oil prices see 15% increase amid Israel-Iran conflict

Israel's war with Iran is becoming a "lifeline" for the Russian budget, which has seen a sharp drop in oil and gas revenues this year, with the ruble price of Russian Urals oil increasing by almost 15% in just a few days of the conflict, according to The Moscow Times, citing the Russian analytical company BCS on June 16.

16 June 2025, 05:19 PM

EU approves joint defense venture by BAE, Leonardo, and Japan partner

The European Commission has approved a joint venture between BAE Systems, Leonardo and Japan Aircraft Industrial Enhancement to manage the Global Combat Air Programme as the prime contractor and lead systems integrator, the commission said in a statement on its website on June 3.

3 June 2025, 12:53 PM

Ukrainian medicines to be distributed to 80 countries worldwide following UN tender

Darnytsia, a leading Ukrainian pharmaceutical company, is set to supply medicines to 80 countries across Europe, Asia, and Latin America after winning an international tender organized by the United Nations Population Fund (UNFPA), said Head of International Registration and Market Entry at Darnytsia Anna Pavliuk-Havrylova on April 24.

1 June 2025, 11:01 AM

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