Ukrainian business

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How Ukrainian businesses use innovation and exports to stay afloat during wartime

How are European partners helping Ukrainian businesses survive the war and build for long-term recovery and growth? Hanna Haiduchok of the EU4Business program and Tetiana Sakharuk of the UN Global Compact in Ukraine share their insights on April 17.

17 April 2025, 03:06 PM

Russia seizes $95M in alcohol assets from Ukrainian business owners labeled ‘extremists’

Russia’s Federal Bailiff Service has transferred control of alcohol industry assets belonging to Ukrainian entrepreneurs Nataliya Bondaryeva and Sviatoslav Nechytailo—both officially labeled as “extremists” by the Kremlin—according to The Moscow Times on April 10.

10 April 2025, 05:55 PM

Ukraine appoints ambassador to Norway after nearly three-year gap

President Volodymyr Zelenskyy has appointed businessman Oleksii Havrysh as Ukraine’s new Ambassador Extraordinary and Plenipotentiary to the Kingdom of Norway, Presidential Office wrote on April 7.

8 April 2025, 09:04 AM

Ukraine's Economy Ministry approves first 2025 grants for processing enterprises

Ukraine's Ministry of Economy has approved the first round of grants for processing enterprises in 2025, allocating 157.9 million hryvnias ($3.8 million) to 28 applicants, as part of the "Made in Ukraine" policy, the department’s press service reported on April 2.

2 April 2025, 03:18 PM

Pet food giant Kormotech eyeing growth in Ukraine, Romania

Kormotech, Ukraine’s top pet food manufacturer, is weighing options to boost its production capacity either in Ukraine or by setting up facilities in Romania, Chief Operating Officer Ihor Paranyak said in an interview with news agency Interfax-Ukraine on April 1.

1 April 2025, 07:06 PM

NovaPay’s new button enhances payment options for business

NovaPay, one of the major players in Ukraine’s fintech scene, has introduced the NovaPay Button, a new internet-acquiring tool allowing businesses to integrate secure, card-free payments, the company’s press service told NV Business on March 19.

19 March 2025, 12:42 PM

Zelenskyy’s initiative: Ukraine launches platform for business feedback

Ukrainian entrepreneurs can now evaluate government services through the Pulse analytical platform, with Artificial Intelligence to be used for analyzing responses, Ukraine’s Economy Ministry wrote on March 17.

18 March 2025, 12:14 PM

Ukrainian agribusiness to power operations with solar and gas

Ukrainian agribusiness KSG Agro will construct an energy complex in Dnipropetrovsk Oblast in 2025, incorporating a solar power station, an energy storage system, and a gas cogeneration unit, the company wrote on March 13.

17 March 2025, 01:30 PM

Ukraine’s trade deficit deepens as imports outpace exports

In January-February 2025, Ukraine imported goods worth $11.3 billion, while exports amounted to $6.3 billion, therefore resulting in a negative trade balance of $5 billion, the State Customs Service of Ukraine reported on March 10.

11 March 2025, 03:13 PM

Payment chaos: Mastercard glitch behind cashless payment issues in Ukraine

Ukrainian bank customers reported widespread issues with cashless payments on March 9, with Mastercard cardholders particularly affected.

9 March 2025, 04:14 PM

State firms dominate Ukraine’s top earners list

About 408,000 Ukrainian companies filed financial reports for 2024, with nine exceeding 100 billion hryvnias ($2.4 billion) in net revenue, per YouControl’s ranking of Ukraine’s top 10 firms by sales (though not all turned a profit), the company reported on Facebook on March 7.

8 March 2025, 01:48 PM

Ukrainian-made equipment powers new buckwheat processing plant in Estonia

Ukrainian engineering company Olis has launched a buckwheat processing plant in Estonia, featuring its Optimatyk H-24 grain processing system with a capacity of up to 24 tons per day, the company announced on Facebook on March 4.

5 March 2025, 04:07 PM

Ukraine’s oil giant Kernel boosts net profit 73%

Kernel, one of the world’s biggest sunflower oil producers, saw its net profit climb 73% from $102 million to $177 million in the first half of fiscal 2025 (July 2024-June 2025) compared to the same period last year, according to the company’s financial report.

3 March 2025, 02:44 PM

Kryvyi Rih mine ups capacity with new block

Sukha Balka, a Kryvyi Rih iron ore mine within Oleksandr Yaroslavsky’s DCH Group, has activated a new production block at its Frunze Mine, boasting reserves of 41,500 tons, news agency Interfax-Ukraine reported on Feb. 28.

1 March 2025, 07:44 PM

Ukrainian pharma giant Darnytsia outlines future steps with focus on domestic security

The direction Europe is taking in the pharmaceutical business is not the path Ukraine should follow, Kateryna Zagoriy, the director of the board of directors at Darnytsia and co-founder of the Zagoriy Foundation, said during the NV event "Ukraine Changes the World: Dialogues on Opportunities" on Feb. 19.

19 February 2025, 02:25 PM

Business community urges Ukraine to declassify mineral deposit data

The business community is urging the Ukrainian government to declassify information regarding mineral deposits in the country, the press service of the European Business Association (EBA) reported on Feb. 13.

13 February 2025, 04:23 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

Ukrposhta makes global shipping more affordable for Ukrainian small businesses

Ukrposhta introduced new weight categories for international parcels with discounts - service primarily targets Ukrainian businesses selling on global marketplaces like Etsy and Amazon, the company wrote on Feb. 5.

5 February 2025, 02:04 PM

Foreign companies file trademarks in Ukraine despite war

2,573 applications for trademark registration by foreign companies were submitted in 2024, the Ukrainian National Office of Intellectual Property and Innovation (IP Office) data shows, Opendatabot analytical portal wrote on Feb. 3.

3 February 2025, 12:08 PM

Kernel suspends production at one plant despite increased processing

Kernel, Ukraine’s largest producer and exporter of sunflower oil, suspended operations at one of its plants due to limited sunflower availability. The decision is announced in a quarterly report dated Jan. 20, showing significant processing growth.

27 January 2025, 01:43 PM

Ukrainian business

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