More than two years after Russia’s full-scale invasion delayed its release and upended its developers’ lives, Ukraine’s "S.T.A.L.K.E.R. 2" — one of the most anticipated video games of the year — was released on Nov. 20. Employees of GSC Game World, the Ukrainian company
Greenpeace has warned that Ukraine’s power grid faces a "heightened risk of catastrophic failure" after a mass missile and drone attack on Nov. 17 targeted electrical substations essential for nuclear power plants, the Guardian reported on Nov. 20.
Sales of new cars and light commercial vehicles in Russia could decline by 21-30% in 2025 if high interest rates persist, Avtovaz CEO Maxim Sokolov said on Nov. 19, according to the state-owned TASS news agency.
Ukrnafta, a state-owned oil and gas extraction company that is a subsidiary of Naftogaz, has bought a 51% stake in Shell's gas station network in Ukraine, the press service of Naftogaz reported on Nov. 19.
Editor’s Note: This is issue 154 of Ukrainian State-Owned Enterprises Weekly, covering events from Oct. 24-Nov. 17, 2024. The Kyiv Independent is reposting it with permission. Energy sector Ukraine’s energy infrastructure under attack, first in almost three months; power outage schedules are back. On Nov. 17, Ukraine’s
Editor’s note: This is issue 82 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Nov. 11-14, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Dear
The state expects to get Hr 2 trillion ($48.2 billion) in revenues, while expenditures are planned at Hr 3.6 trillion ($86.8 billion).
Editor’s note: This article was originally published in the Israeli investigative outlet Shomrim. The Kyiv Independent is republishing it with permission. After Israeli officials earlier ignored Ukrainian warnings and offers to help counter the threat of Iranian drones, the tides appear to be turning as Israel faces increased drone
When Chicagoan Chris Exline decided to expand his furniture rental company to Ukraine, he did not expect to relocate his life to a small town of 20,000 people in Ternopil Oblast. The businessman and CEO of Home Essentials initially planned to rent furniture to expats and organizations flooding in
The biggest weapons makers in the world convened in Washington, D.C. for the 70th meeting of the Association of the United States Army in early October. It was the third year in a row where Ukraine remained at the center of the event's enormous buzz. Synchronized press releases ensued.
The transportation and construction industries remain the drivers of the growth, as well as the manufacturing sector, said First Deputy Economy Minister Oleksii Sobolev in a statement.
Editor's note: This article is an on-site version of KI Insights' The Week Ahead newsletter covering events from Nov. 18-Nov. 24. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. The G20 Summit will take place in Brazil on
Russia targeted thermal power plants during a mass strike on the country's power grid on Nov. 17, dealing "serious damage," said the country's largest private energy company, DTEK.
The United States will partner with Ukraine to transition Ukraine's coal-fired plants to small modular nuclear reactors, and to use them to help decarbonize its steel industry, the countries announced on Nov. 16 at the U.N. Climate Change Conference in Baku, Azerbaijan.
Russia's Gazprom Export announced that its supply of natural gas to Austria is ending on Nov. 16, according to OMV, Austria's largest gas supply company.
At least three Russian oil refineries have been forced to halt or scale back production due to significant losses and now face the risk of closure, Reuters reported on Nov. 15, citing five undisclosed sources.
Austrian integrated oil and gas company OMV announced on Nov. 13 that it had secured an arbitral award from the International Chamber of Commerce exceeding $243 million. This ruling relates to irregularities in German gas supplies provided by Gazprom.
EU member nations hope to approve the package by the end of the year, in time to adopt the sanctions on Feb. 24, 2025 — the third anniversary of Russia's full-scale invasion.
Germany's Economy Ministry instructed its state-operated import terminal "to reject LNG deliveries from Russia until further notice."
Ukraine relies on nuclear power for more than half of its energy production, which is increasingly in demand amid Russia's attacks on Ukraine's energy infrastructure.
"As we're approaching the 1000th day of Russia's atrocious war, we will help keep the Ukrainian state running while the country fights for survival. We are in it for the long haul," Ursula Von der Leyen said.
Private Chinese oil refinery Landbridge Petrochemical Co. has made a rare purchase of a shipment of West African oil instead of typical import from sanctioned Iran and Russia, Bloomberg reported on Nov. 14.
Arvid Tuerkner’s first winter in charge of the European Bank for Reconstruction and Development in Ukraine comes with a daunting task: swiftly mobilize investment into energy companies crippled by two years of Russian attacks. Russia began targeting Ukraine’s energy infrastructure in late 2022 and has since then pounded
Ukraine’s sovereign bonds rose in price after Donald Trump’s win in the U.S. presidential elections as investors expect a quicker end to the war, the Financial Times reported on Nov. 14.
Editor’s note: This is issue 81 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Nov. 4-10, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks
The following is the Nov. 12, 2024 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. As Donald Trump prepares to reenter the White House, the biggest question hanging over Ukraine is what his
About thirty Russian airlines, accounting for 26% of domestic passenger traffic, may go bankrupt in 2025, Russia's Izvestia newspaper reported on Nov. 13.
Prominent organizations such as Come Back Alive and the Serhiy Prytula Foundation, headed by the well-known Ukrainian TV personality of the same name, have seen contributions decrease by approximately one-fifth in 2024, Bloomberg reports.
Ukraine has received a $1.35 billion grant from the U.S., which will be allocated to humanitarian and social programs, Prime Minister Denys Shmyhal announced on Nov. 13.
Some Hr 54.55 billion ($1.3 billion) will be directly allocated for the development and implementation of new technologies, and the expansion of defense production capacity, according to Strategic Industries Minister Herman Smetanin.
On Nov. 11, 2021, a group of young journalists in Ukraine fired for defending their editorial independence decided to launch a new publication that would stand by those principles. This new publication, without a name at its start, would later become known as the Kyiv Independent. Three years in, the
Almost three years after Russia launched its full-scale invasion of Ukraine, the West’s financial sanctions have finally started to bite, triggering fierce infighting within the Kremlin over control of Russia’s central bank. Russia’s business community has remained largely silent over the past two years, even as Western
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.
