Ukraine moves to speed up privatization of state-owned assets
If passed, the bill could help alleviate bottlenecks the State Property Fund has repeatedly faced when trying to sell state-owned assets and help shore up funds for the state budget.
Team
Dominic Culverwell
Business ReporterDominic is the business reporter for the Kyiv Independent, reporting on Ukrainian companies, investment, energy, corruption, and reforms. Based in Kyiv, Dominic joined the Kyiv Independent team in 2023, having previously worked as a freelancer. He has written articles for a number of publications, including the Financial Times, bne IntelliNews, Radio Free Europe/Liberty, Euronews and New Eastern Europe. Previously, Dominic worked with StopFake as a disinformation expert, debunking Russian fake news in Europe.
Articles
Ukraine's steel industry is nearing collapse — and calling for help from abroad
Ukraine’s largest steel company, ArcelorMittal Kryvyi Rih, said on Sept. 25 that it cannot restart steel production amid a surge in Russian strikes on factories, as the embattled sector calls for more domestic and international support to prevent its total collapse.
Since the summer, Moscow has launched a widespread campaign of attacks on Ukraine’s economy to shut down key industrial centers. The metallurgy sector, which contributed 7% of Ukraine’s gross domestic product (GDP) last year and em
Taiwan company plans to buy Ukraine’s second-largest cement business for 750 million euros
TCC Group Holdings, based in Taipei, plans to purchase a 100% stake in Ivano Frankivsk Cement and three other related companies through its Dutch subsidiary, the company announced in a press release on Sept. 23.
Ukraine’s defense tech partnerships surge, but many deals stall, new report finds
International joint ventures in Ukraine's defense tech sector are on the rise, with at least 180 partnerships in manufacturing, R&D, and maintenance confirmed by a new report from the Kyiv School of Economics Institute. But export restrictions and fragmented procedures are slowing some deals.
A third of those partnerships were signed in the past 12 months as Ukraine's defense tech sector has matured and consolidated. German companies lead the group with 36 partnerships, followed by Denmark with
As Russia targets Ukraine’s economy, keeping businesses alive takes priority
As Russian attacks on Ukraine's businesses escalate, the government's push to attract investment to Ukraine's wartime economy is coming up against a more immediate challenge: keeping businesses alive at all.
"When the attacks started, we realized that the challenge was about more than raising investment. It's also about keeping supply chains and businesses going, like pharmacies, food and retail goods that are needed to survive," Deputy Economy Minister Yegor Perelygin told the Kyiv Independent
US makes major wartime bet on Ukraine’s largest private energy company with 85 million euro investment
Ukraine’s biggest private energy firm, DTEK, has secured an 85 million euro ($97 million) loan from the U.S. International Development Finance Corporation for a critical battery storage project, marking the DFC’s largest wartime transaction, DTEK announced on Sept. 16.
With Russia continuing to target Ukraine’s energy facilities, particularly power plants, ensuring a reliable energy supply has become a major concern in Ukraine. During the war, Ukraine has increasingly searched for investors to
Ukraine increases food exports in September, but remains at 40% of its capacity
Since the start of September, Ukraine has exported 630,000 metric tons of agricultural products, more than half of which was grain — 380,000 tons.
‘Our desire to create is bigger than our fear’: How one Kyiv restaurant rebuilds, adapts and keeps going after 3 Russian attacks
It was never normal for Anna Zavertailo to shelter in her restaurant’s basement kitchen alongside her employees and diners as drones flew overhead. But after multiple attacks damaged her popular family-run businesses in Kyiv, safety has become the top priority.
Her restaurants-cum-bakeries, Zavertailo and Honey, which Anna runs with her husband, Stas, have been victims of three separate attacks in just over a year. But the couple has been selling carefully crafted cakes and pastries to foreigne
Ukrainian agri-oligarch gives Ferrexpo $50 million lifeline, company to resume London trading
Ferrexpo's board welcomed the investment, with Lucio Genovese, the board’s non-executive chair, writing in a statement that the company will be able to resume exports to international customers, resume spending it had previously postponed and increase production when conditions in Ukraine improve.
Ukrainians know another hard winter is coming. Their government isn’t ready
On the last day of summer in Kyiv, the city’s residents, young and old, made the most of the hot weather by sunbathing on the sandy banks of the Dnipro River, even as dozens of drones were being shot down overhead.
But as the sun sets on the final warm weeks, memories of last winter — when homes went weeks without heat and electricity in temperatures as low as minus 25 degrees Celsius — are setting in. Ukraine has yet to fully repair the damage Russia inflicted, while Moscow is likely to escala
Kyiv shopping center once belonging to sanctioned oligarch on sale for $207 million
Many in Kyiv’s business community think that the starting price is too high for the market, particularly as Russia has escalated attacks on Ukrainian businesses, including shopping centers, in recent months.
Russian attacks on Ukraine kill eight and injure 41 over past day
In Donetsk Oblast, two people were killed, including a 13-year-old child, and two more were injured after Russian forces dropped bombs on houses in the village of Bilbasivka on Aug. 30,
Ukraine tests interceptors to down Russian jet-powered Shaheds
As Russia scales up production of its jet-powered drones — the Geran-4 and Geran-5 — Ukraine is struggling to shoot them down amid prolonged waves of attacks.
Why Russia escalates attacks on Ukraine’s businesses, explained
Russia has sharply escalated its attacks on Ukrainian businesses, striking supermarket distribution centers, postal facilities, gas stations, warehouses, railway infrastructure, industrial plants, and Black Sea ports.
The Kyiv Independent’s Dominic Culverwell sits down with Hlib Vyshlinsky, executive director of the Kyiv-based Center for Economic Strategy, to discuss why Russia is increasingly targeting Ukraine’s civilian economy — and what the campaign could mean for businesses, consumers, and
At least 4 injured as Kyiv and Kyiv Oblast endure 4th day of drawn-out Russian attack
Drones have been flying toward the capital for hours at a time, with explosions and the sound of air defense fire rocking the city throughout the morning and afternoon.
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