McDonald's to open 10 new restaurants in Ukraine this year, NYT reports
The 10 new locations will bring the total number close to 120 — more than were operating in Ukraine before the war.
Ukrainian business
Zelensky to impose long-term moratorium on business inspections in Ukraine
The moratorium is intended to "protect businesses from any pressure by unscrupulous individuals in various government positions," the president said at the State and Business Forum in Kyiv on June 27.
Amid relentless Russian strikes, Ukraine’s businesses rebuild alone
It took firefighters two days to extinguish the flames at Oleksiy Tarnopolskiy's warehouse in Kyiv after a Russian attack on June 10. Nothing inside could be saved from his tea and coffee business. Tarnopolskiy arrived on site to an "apocalyptic" scene at 5 a.m., one hour after a Russian
Ukrainian media outlet launches first AI tool to let readers listen to articles from any line
Vector, a media platform focused on the creative economy, launched the new artificial intelligence-powered narration tool in partnership with Respeecher, the Ukrainian voice technology startup known for recreating the voices of Luke Skywalker and Darth Vader in major Hollywood productions.
Ukrainian defense firms urge Zelensky to lift drone export restrictions in open letter
The open letter, signed by leading representatives of Ukraine's defense-industrial sector, highlights the strategic potential of the country's homegrown military technologies, from drones to electronic warfare systems, and calls for decisive political action to authorize the controlled export of surplus weaponry to allied nations.
Ukraine's gas storage reserves fall to their lowest level in at least 11 years
Ukraine's underground storage facilities are currently using 19.4% of their capacity. Almost 32%, or 2.79 bcm, less gas is available in the storages than in the previous year, according to the estimates.
Ukrainian bakery Lviv Croissants to enter South Korean market
"We are entering the Korean market. We are planning to open by the end of the month (April)," Lviv Croissants told Ain.
Ukraine Business Roundup — McDonald's and DOGE in Ukraine
The following is the March 18, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. I’ve always wanted an excuse to talk to this newsletter audience about McDonald’s in Ukraine and
Meet the Ukrainian fashion brand that's making heritage trendy
Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With Ukraine, a non-profit organization that launched a platform to showcase businesses
McDonald's relaunches breakfast menu in Ukraine amid full-scale war
The announcement from McDonald's Ukraine comes as more Western companies expand offerings to Ukrainian customers amid the full-scale war, with some companies choosing to reopen storefronts across the country.
Ukrainian bakery Lviv Croissants opens first French location in Cannes
Ukrainian cafe chain Lviv Croissants opened its first restaurant in Cannes, France, making it the fifth country outside of Ukraine where it now operates, the company said in a press release on Feb. 3.
World's largest business organization cuts arbitration costs to boost foreign investment in Ukraine’s reconstruction
The International Chamber of Commerce (ICC), will lower the costs of its arbitration court for foreign investors involved in Ukraine's reconstruction projects to encourage much-needed investment.
Global entrepreneur organization Endeavor launches first Ukraine office to boost growth amid war
The New York-based global entrepreneur network Endeavor has opened its first office in Ukraine, signaling confidence in the country’s business potential.
Puzzle company Frisson helps Ukrainians escape wartime reality
Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With Ukraine, a non-profit organization that launched a platform to showcase businesses
Ukrainian bakery Lviv Croissants opens first US location in Georgia
A Ukraine-based eatery Lviv Croissants has opened its first U.S. location in Roswell, a suburb of Atlanta. on Aug. 10. Founded in Lviv in 2015, the chain has since expanded to over 180 stores across Ukraine, Poland, Slovakia and now the U.S.
The story behind Petcube, the Ukrainian-founded, multimillion-dollar pet tech company
Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With Ukraine, a non-profit organization that launched a platform to showcase businesses
Pushing boundaries of prosthetics, Ukrainian startup Esper Bionics makes cyborgs a reality
Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With Ukraine, a non-profit organization that launched a platform to showcase businesses
Dragon Capital sells stake in one of leading developers of shopping centers in Ukraine
The Dragon Capital investment group announced on July 19 that it has withdrawn from the shareholding of Arricano Real Estate PLC, which manages one of the biggest shopping malls in Ukraine.
200 Ukrainians learned entrepreneurship from top experts thanks to Promprylad and Berkely
War has not stopped the entrepreneurial spirit of Ukraine – in fact, developing Ukrainian businesses is vital to ensuring the country’s future and post-war recovery. For this reason, the Promprylad Foundation and the Berkeley Haas School of Business have partnered to create a unique program for Ukrainian entrepreneurs, which was
‘A bumpy ride:’ CEO of MacPaw, developer of apps for Apple devices, on business during war
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
Oschadbank CEO on doing business during war: ‘I wouldn’t characterize current climate as a disaster’
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
Talking business in Ukraine: Conversation with Bayer on war and investing in Ukraine’s future
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
Ukrainian startup Reface partners with Warner Bros. to promote new films
When Ukrainian tech entrepreneur Dima Shvets was a child, he wanted to "get inside a movie" – become an actor or a favorite character. With the mobile app called Reface, which Shvets and his friends cofounded in 2020, his dream has finally come true. Reface uses technology called deepfake that allows
Grammarly becomes most expensive Ukrainian tech startup with $13 billion valuation
This represents a sixfold increase from its $2.1 billion valuation in 2019, the startup announced on Nov. 18. In its latest round of funding, Grammarly attracted $200 million from investment firm Baillie Gifford, venture firm General Catalyst and accounts managed by investment manager BlackRock. Grammarly uses machine learning to
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