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Tomas Fiala, CEO and founder of Dragon Capital, at the company's office in Kyiv, Ukraine on June 15, 2026.
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What 30 years in Ukraine taught one of its biggest investors

by Liliane Bivings

As the Ukrainian business community prepares for its biggest annual event — the Ukraine Recovery Conference, this year taking place in Gdansk — foreign investment in the country is once again set to be a central topic. Russia’s full-scale invasion has brought unprecedented attention to Ukraine, not only because of the war, but also as the West, particularly Europe, has come to better understand the country and the role it can play in its economy. That attention, however, has not translated int

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Ex-Ukrainian ambassador to Poland: President Nawrocki disregards decades of reconciliation between Warsaw and Kyiv

In July 2024, serving as Ukraine's Ambassador to Poland, I was honored to be decorated by President Andrzej Duda with the Commander's Cross with the Star of the Order of Merit. For the trust, the fellowship, and the years of honest partnership — I remain profoundly grateful to my Polish friends. And it is in that same spirit of honesty that I ask them to understand what conscience now requires of me. My devotion to the interests of the Ukrainian state, my duty to honor the dignity of Ukraine's

Polish President Karol Nawrocki (L) and President Volodymyr Zelensky (R) in Warsaw, Poland, Dec. 19, 2025

Analysis: Russia breaks into Kostiantynivka, opening battle for Donbas fortress belt

Amid a wave of positive headlines about Russian refineries in flames and logistics crippled, the battle for the legendary "fortress belt" of Ukraine's Donbas region has begun in earnest, with Russian forces breaking into the city of Kostiantynivka in Donetsk Oblast and steadily overrunning the urban area. As the summer campaign opens up, Russian forces are bucking the trend of offensive stagnation across the rest of the front line and making real headway into the heart of Ukrainian-controlled D

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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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Key developments on June 20-21: * Ukraine strikes both sides of the occupied-Crimean Bridge in overnight drone attack, Zelensky says * Russia preparing 'new massive strike,' Zelensky warns * Zelensky mails revoked Polish medal back to Warsaw * Russian oil, gas sites in Crimea and Siberia hit by Ukrainian drones * At least 5 dead, 12 injured in Russian bombing in Zaporizhzhia Ukraine's army struck energy and military targets on both sides of the Crimean Bridge, Ukrainian President Volodymy

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