Russia’s full-scale war on Ukraine has dealt a devastating blow to the country’s economy. While the country has begun to bounce back from an initial 29% drop in GDP, it’s estimated that at today’s level of growth, the country’s GDP won’t return to pre-war
Business is good for Ukrainian banks. Last year, the country’s banks brought in record profits of Hr 130 billion ($3.5 billion) with the five top state-owned banks making 61.5% of the total. One of these banks is Oschadbank, the country’s second-largest state-owned bank after PrivatBank. In
Russia’s full-scale invasion in February 2022 did little to shake German pharmaceutical and agricultural giant Bayer’s commitment to its business in Ukraine. Operating in Ukraine since 1992, Bayer today employs around 700 people in the country, and last year, announced a 60-million-euro investment from 2023 onwards in its
Getting around Ukraine’s major cities like a true local means having the Uklon ride-hailing app on your phone, and maybe even digitally bartering for the price you want to pay. Ukraine’s leader in the ride-hailing market, Uklon — originally named Ukron for the web version “Ukraine Online” but changed
Put active community organization and rapid digitalization together and you get the story of contemporary Ukrainian society. You also get Monobank— Ukraine’s hugely popular mobile-only bank that has facilitated nearly $1 billion in donations to fund the war effort since the start of Russia’s full-scale invasion in February
After being pruned by the Russian invasion, Ukraine's largest supermarket chain, ATB-Market, is fighting to grow back bigger and better. Like the German chains Aldi and Lidl, ATB prioritizes low prices and big selections. This proved popular with shoppers — the company entered the full-scale war with over 1,300 stores.
Nova Poshta, Ukraine’s largest private delivery company and domestic analog to FedEx or DHL — stands head and shoulders above all other private parcel firms in Ukraine. When Russia’s invasion in 2022 forced millions of Ukrainians to flee to EU countries, the company, now known abroad in English as
As the Polish trucker blockade of Ukrainian haulers heads toward the one-month mark, the toll on Ukraine’s businesses is adding up. As of Dec. 4, around 2,500 trucks are stuck at the Ukrainian border with Poland waiting to cross because of the protests, which started on Nov. 6
One of just two Okko gas stations along the road to the Russian-occupied city of Bakhmut in Ukraine’s eastern Donetsk Oblast has seen better days. Last winter during a nighttime Russian artillery strike on Kostiantynivka, around 20 kilometers from Bakhmut, debris crashed through the roof and landed in the
