Ukrainian business

Employment fears grow in Ukraine, but job market remains stable

Despite growing fears of job losses, most Ukrainian businesses are focused on retaining their workforce, as evidenced by the 2024 Labor Market Barometer survey, conducted by GRC.ua and published on Dec. 13, 2024.

21 January 2025, 02:15 PM

Naftogaz profits surge by 52% in 2024

The Naftogaz Group reported a 52% increase in consolidated net profit, rising from $0.41 billion to $0.63 billion in the first nine months of 2024 compared to the same period in the previous year, the company wrote on Dec. 25.

26 December 2024, 02:36 PM

Ukrainian cargo airline chooses Prague as its international hub

Supernova Airlines, a cargo airline owned by Nova Post founders Vyacheslav Klymov and Volodymyr Popereshnyuk, has chosen Prague as its base for international flights, Center for Transport Strategies wrote on Dec. 6.

6 December 2024, 03:34 PM

Ukraine's resilient businesses: 13% operate in frontline territories

More than 1.4 million companies are registered in Ukraine, with approximately one in eight (a little more than 180,000) operating in frontline areas, Opendatabot analytical portal wrote in its report on Nov. 29.

29 November 2024, 01:01 PM

Ukraine to build two more powerful biomethane plants

Vitagro group is planning to build two additional biomethane plants with a combined capacity of 8 million cubic meters of this natural gas substitute per year, the company's owner, Serhii Labaziuk, said in an interview with LIGA media outlet.

22 November 2024, 01:29 PM

Ukrainian business may face both opportunities and challenges with EU membership

Some Ukrainian businesses may face hurdles as Ukraine progresses toward EU membership, Anna Derevyanko, Executive Director of the European Business Association (EBA) said at NV’s Ukraine 2050: Dialogues About the Future event on Nov. 14.

15 November 2024, 09:51 AM

Ceasefire in Ukraine possible by early 2025 — Ukrainian investment leader

Ceasefire agreement possibility in Russia's full-scale war against Ukraine is over 50% for the first quarter of 2025, Dragon Capital investment CEO Tomáš Fiala said, Interfax reported.

13 November 2024, 10:01 AM

Ukrainian retailer becomes major player in Polish real estate market

Newgate Investment, owned by Comfy chain founder Stanislav Ronis, has become a leader in the Polish retail real estate market, local outlet Puls Biznesu reported on Nov. 11. The company's portfolio is valued at 300 million euros ($318 million).

12 November 2024, 02:55 PM

Nova Post’s Supernova airlines completes first Budapest - Chișinău cargo flight

The Ukrainian cargo airline, Supernova Airlines, operated its first commercial flight using its own aircraft on Nov. 10, Nova Post’s press service reported on Nov. 11.

12 November 2024, 01:57 PM

Ukraine to ban sanctioned software: European Business Association proposes transition plan

The European Business Association (EBA) appealed to the Ukrainian government and parliament with a proposal to finalize Bill No. 11492, which introduces a ban on the use of sanctioned software and access to electronic information resources.

7 November 2024, 02:45 PM

Nova Poshta enters Dutch market, expands European reach to sixteen countries

Nova Poshta clients can now arrange shipments from Ukraine or request courier pickup for deliveries to any address in the Netherlands, the company’s press service reported.

29 October 2024, 02:51 PM

Ukraine returns to list of economically unfree countries: Fraser Institute report

Ukraine has returned to the group of the world's most economically unfree countries based on data from 2022, according to the updated "Economic Freedom of the World" annual report by the Fraser Institute released on Oct. 16.

16 October 2024, 04:55 PM

Ukraine set to build 45 new hotels by 2026

Ukraine plans to develop at least 45 new hotel-apartment complexes with a total of 6,670 rooms and 108 hotel-style cottage towns comprising 3,097 houses between 2024-2026, Ribas Hotel Group wrote in its research.

3 October 2024, 01:25 PM

Ukrainian pharma leader Farmak announces new representative office in Moldova

Ukrainian Kyiv-based pharmaceutical leader Farmak will open a representative office in Moldova, according to a decision by the company's supervisory board on Sept. 26, as reported by news agency Interfax-Ukraine.

27 September 2024, 12:56 PM

Zelenskyy signs bill to streamline business activities during war into law

Ukrainian President Volodymyr Zelenskyy signed a bill simplifying business operations and licensing requirements during the period of martial law into law on Sept. 2, according to the parliament's website.

2 September 2024, 02:11 PM

Nova Poshta postal service boosts investment in Moldova investment by 4.5 times in 2024

Nova Poshta will invest $880,000 in Moldova in 2024, marking a 4.5-fold increase from 2023, the Ukrainian postal and courier company announced on Aug. 28.

28 August 2024, 12:55 PM

Naftogaz chief: Gas storage operations in Ukraine continue despite Russian strikes

Russian strikes on Ukraine's onshore energy infrastructure haven’t disrupted gas injection into Ukrainian storage facilities, according to Naftogaz of Ukraine’s CEO, Oleksiy Chernyshov. In an interview with the Financial Times on Aug. 12, Chernyshov reassured that repairs have been completed, and gas injection is proceeding as usual.

12 August 2024, 03:55 PM

Key Ukrainian retailer grants licenses to supply gas and electricity

The National Commission for State Regulation of Energy and Utilities (NCSREU) granted licenses to supply electricity and natural gas to Epicenter, Ukraine's top retailer, Interfax-Ukraine reported on Aug. 7.

8 August 2024, 03:01 PM

Kernel sunflower oil plant in Ukraine damaged by Russian drones

Kernel, the largest oil extraction plant in western Ukraine, has been damaged and shut down following a Russian drone attack, the company announced on the Warsaw Stock Exchange on Aug. 8.

8 August 2024, 01:16 PM

Foreign banks block payments from Ukrainian companies' registered in temporarily occupied oblasts — NBU

Foreign banks often do not figure out where exactly Ukrainian company is registered - whether the territory is Ukraine-controlled or not - and block payments to all, the NBU reported on its website on Aug. 6.

7 August 2024, 02:13 PM

Ukrainian business

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