Ukraine’s seniors had a combined $123 million in retirement savings in 2020, which was just 0.1% of the country’s GDP. This is the second-lowest rate out of 89 countries surveyed by the Organization for Economic Co-operation and Development. Only Pakistan’s rate was lower. As of Aug.
The U.S.-based Westinghouse Electric Company signed a contract with Ukraine’s state nuclear operator Energoatom on Nov. 22. The agreement outlines the construction of two AP1000 reactors at the power plant in Khmelnytskyi, a regional capital in western Ukraine. In September, Westinghouse signed a memorandum with Energoatom to
The company began daily flights between Kyiv and Zaporizhia on Nov. 21. It also sent its first commercial flight from Kyiv to Lviv on Nov. 22 and plans to add more routes in the future, including international ones. The airline is based in the Kyiv International Airport, known as Zhuliany.
Ukraine’s state-owned postal service Ukrposhta signed an agreement with Grand Impeks to construct a fully-automated mail sorting complex in the regional capital of Dnipro on Nov. 19. The step is expected to speed up delivery times. The new facility will be built on an eight-hectare plot close to the
The all-in-one restaurant management system ORTY made it into the U.K. TechRound’s list of top food tech startups in 2021. Founded by Ukrainians, the Toronto-based startup developed an app for restaurants to track data, including customer orders, ingredient expiration dates, supplies, and marketing procedures. ORTY has received $105,
The number is four times higher than the bank’s earnings in the same period of last year, state-owned Ukrgasbank announced on Nov. 15. This is the bank’s most profitable year on record. Banks around the world have seen windfall profits in 2021 as consumer spending increased and economies
On Nov. 17, the Security Service of Ukraine (SBU) charged an unnamed top manager at the ArcelorMittal Kryvyi Rih plant with manipulating the company’s documents to evade mining taxes from 2014 to 2019. The company denied accusations, saying it paid all its taxes, and accused the SBU of “unfounded
