Ukrainian business

Ukrainian Intellias announces acquisition of British NorthLink Digital

Intellias announced the acquisition of NorthLink Digital, a UK-based IT company specializing in consulting and technology solutions for the financial services and insurance (FS&I) industry, Career.intellias.com reported on Aug. 5.

7 August 2024, 12:03 PM

Poland closes major border crossing with Ukraine for repairs

Poland is closing one of its border crossing points with Ukraine near the Yagodyn crossing for major repairs, Polish outlet RMF24 reported on Aug. 5.

5 August 2024, 01:44 PM

Russian attacks slash Ukraine’s shadow fuel market by half

The shadow fuel market in Ukraine has nearly halved since the Russian invasion began, Serhiy Kuyun, director of the A-95 Consulting Group, reported during a briefing at the Media Center Ukraine.

2 August 2024, 01:57 PM

Zelenskyy's 1 GW gas power goal unlikely this year — expert

Valerii Tarasyuk, head of the National Energy and Utilities Regulatory Commission (NEURC), believes that Ukraine is unlikely to build 1 GW of distributed gas generation facilities by the end of the year, as stated earlier by President Volodymyr Zelenskyy, he told Forbes in an interview on July 29.

29 July 2024, 06:55 PM

Ukraine's processing industry revenue up 23% in 2023

Leaders of Ukraine's processing industry increased their revenues by 23% in 2023, with companies from Rinat Akhmetov's SCM Group earning more than a third of the total, while Oleksiy Poroshenko's Roshen made the largest net profit, Opendatabot reported on July 29.

29 July 2024, 03:29 PM

New inclusive business hub opens in Lviv Oblast

A new inclusive business hub, PROSTIR, has officially opened in Lviv Oblast, offering over 118,000 square feet of warehouse, manufacturing, retail, and office spaces, according to Alterra Group's press release.

26 July 2024, 03:51 PM

EU approves first €4.2 billion tranche for Ukraine Facility Plan

Permanent representatives of European Union (EU) member states approved €4.2 billion as the first tranche for the Ukraine Facility Plan, the Hungarian Presidency of the EU reported on X on July 24.

24 July 2024, 03:25 PM

Not everyone to be granted with loans to deal with blackouts, Privatbank says

Banks will divide its potential borrowers into several groups, but loans will not be issued to everyone, Yevhen Zaihraev, PrivatBank board member for small and medium-sized businesses said at "The Future of Ukrainian Energy. Dialogues with NV" event.

24 July 2024, 02:02 PM

American neobank Mercury to block Ukrainian accounts

American neobank Mercury has announced that it will stop supporting accounts of companies whose founders have passports from several countries, including Ukraine, Petcube founder Yaroslav Azhnyuk reported on Facebook on July 22.

24 July 2024, 02:46 AM

Record criminal cases against businesses in Ukraine in 2023, 80% without convictions

In 2023, over 5,000 companies were embroiled in criminal cases, with 43,000 related documents recorded, according to the Opendatabot monitoring platform’s report on July 15.

16 July 2024, 02:10 PM

Ukrainian presidential business council proposes amendments to Criminal Procedure Code

The Council for Entrepreneurship Support during Martial Law under the President of Ukraine finalized a draft of amendments to the Criminal Procedure Code (CPC) aimed at protecting businesses from undue pressure by law enforcement agencies.

12 July 2024, 03:48 PM

Kyiv city subway to be expanded by Autostrada companies group

Autostrada Group won the tender for construction of the metro to Vynohradar, and will carry out all the work at its own expense with full speed construction beginng in 2025, reported company owner Maxym Shkil on Facebook on July 12.

12 July 2024, 03:14 PM

SBU detains Kyiv State Tax head for bribery

The acting deputy head of the Main Department of the State Tax Service in Kyiv has been exposed for corruption, Ukraine’s Security Service (SBU) reported on Telegram on July 12.

12 July 2024, 02:43 PM

Ukrainian business backs Okhmatdyt: What assistance is provided?

Ukrainian businesses reacted to the brazen Russian massive attack on Ukraine and Kyiv Children Hospital Okhmatdyt and united their efforts to help deal with attack's devastating aftermath.

9 July 2024, 01:39 PM

Thousands of draft reservation applications remain unaddressed, says Ukrainian MP

The Economy and the Defense ministries are not reviewing documents on the reservation of defense company personnel, Deputy Head of the National Security Committee, Mariana Bezuhla, said in an interview with NV Business on July 6.

6 July 2024, 01:54 PM

EU duties on Ukrainian products aid Polish market reentry

The European Commission's "emergency braking" mechanism, which imposes duties on eggs from Ukraine, had an immediate effect, said Pawel Podstawka, head of the Polish Federation of Poultry and Egg Producers, PAP reported on July 4.

5 July 2024, 03:36 PM

European Business Association to oversee customs operations in Ukraine

Ukraine will criminalize the smuggling of goods, with the European Business Association (EBA) monitoring any cases of increased pressure on businesses starting July 1, the association's press service reported.

1 July 2024, 05:37 PM

Ukraine's largest oil producer starts key drilling projects

Ukrnafta, Ukraine's leading oil producer, has commenced construction of two new oil wells projected to yield over 100 tons of oil daily, the company's press service announced on July 1.

1 July 2024, 02:51 PM

Naftogaz, Ukraine’s state-owned oil company, reports $247 million profit in quarter

In the first quarter of 2024, Naftogaz Group reported a net profit of UAH 10.9 billion ($270 million), a significant turnaround from a net loss of UAH 1.4 billion ($34.6 billion) in the same period of 2023, the company announced on June 28.

28 June 2024, 10:31 PM

8,000 companies launched by Ukrainians in Poland post-Russian invasion

Since the beginning of Russia's full-scale aggression in February 2022, Ukrainian citizens have established about 8,000 small and medium-sized companies in Poland, and over 50,000 have registered as private entrepreneurs.

26 June 2024, 01:59 PM

Ukrainian business

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