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
The price of coffins in Russia has soared by 74% since the beginning of Russia's full-scale invasion of Ukraine, the Moscow Times reported on Dec. 5, citing Russia's Federal State Statistics Service (RosStat).
Hungary has requested the United States to provide the country with a sanctions waiver to further continue payments for Russian natural gas imports through Gazprombank, Foreign Minister Peter Szijjarto said on Dec. 4.
The United Kingdom's National Crime Agency (NCA) announced on Dec. 4 that it had dismantled a multibillion-dollar money laundering scheme that has enabled criminal networks, including Russian spies and oligarchs, to evade sanctions using cryptocurrency.
As Ukraine begins yet another winter with rolling blackouts and freezing temperatures, businesses are increasingly looking beyond diesel generators to fuel their operations during power cuts, business leaders said at the Energy Security Dialogue 2024 on Dec. 4.
Editor’s Note: This is issue 156 of Ukrainian State-Owned Enterprises Weekly, covering events from Nov. 25 – Dec. 1, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs The Cabinet approves the state ownership policy, a key document for SOEs’ corporate governance. On Nov. 29, the
The following is the Dec. 3, 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. President Volodymyr Zelensky finally signed into law a bill authorizing Ukraine’s first wartime tax increase on Nov.
With a deal to transport Russian gas through Ukraine expiring at the end of 2024, Ukraine’s gas transit network could soon come under Russian attacks, warned Dmytro Lyppa, CEO of the Gas Transmission System Operator of Ukraine.
Editor’s note: This is issue 3 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Nov. 24-Dec. 1, 2024. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial
Ukraine's Finance Ministry and the EU signed a memorandum and an agreement to attract up to 35 billion euros ($36.7 billion) as part of the G7 loan, the ministry said on Dec. 4.
The latest Western sanctions against 50 Russian banks forced Russian importers to use complex and underhand schemes to pay their Chinese sellers, the Moscow Times reported on Dec. 2, citing undisclosed business sources.
Since 2022, Oleksii Chernyshov has been the CEO of the Naftogaz Group, Ukraine's state-owned energy giant.
Supply to customers was not affected by a leak on one of the branching pipes of the Russian Druzhba pipeline in Poland, the Polish operator Pern said in a statement on Dec. 1.
Ukraine’s new eSupport program received over 2.1 million applications on its first day of operation, including nearly half a million for children, President Volodymyr Zelensky announced on Dec. 1.
Editor's note: This article is a shortened on-site version of KI Insights' The Week Ahead newsletter covering events from Dec. 2-Dec. 8. Sign up here to start your week with an agenda of Ukraine-related events, delivered directly to your inbox every Sunday. The NATO Ministers of Foreign Affairs Meeting will
Spending on war and law enforcement agencies exceeds expenditures on education, healthcare, social policy, and the national economy combined.
At least 15 of Ukraine's 20 civilian airports have sustained damage since Russia's full-scale invasion began in 2022, Prime Minister Denys Shmyhal said on Nov. 30.
Join our exclusive KI Insights monthly briefing to gain critical perspectives on Ukraine's demographic shifts and refugee flows this winter and beyond. This session is tailored for analysts, policymakers, academics, and organizations seeking data-driven insights into the country's post-war population trends. Event Details: * Topic: Demographic Forecasting: Refugee Flows in Winter
Editor’s note: In accordance with the security protocols of the Ukrainian military, most soldiers featured in this story are identified by first names or callsigns only. One soldier is mentioned by first and last name as he is permitted to use his full name with the press. Ihor was
In April of this year, Kyiv and Seoul signed an agreement enabling Ukraine to attract up to $2.1 billion in concessional loans over 2024-2029.
The bill, which was passed by the Ukrainian parliament on Oct. 10, will raise taxes by Hr 8 billion ($192 million) in 2024 and Hr 141 billion ($3.4 billion) in 2025, lawmaker Yaroslav Zhelezniak said, as the country struggles to shore up its budget deficit amid Russia's ongoing full-scale war.
Editor’s Note: This is issue 155 of Ukrainian State-Owned Enterprises Weekly, covering events from Nov. 18-24, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs State 2025 budget projects Hr 66.01 billion ($1.6 billion) in SOE net profit and dividends. On Nov. 19,
According to the Federal State Statistics Service (RosStat), during the week of Nov. 19-25, the consumer price index increased by 0.36%, up 1.15% from the beginning of the month, and over 8% from the beginning of the year.
The following is the Nov. 26, 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. Our most-read article last week was a story about how after Israel repeatedly ignored Ukraine’s warnings and
Ukraine has received a $4.8 billion loan from the World Bank through the PEACE project, Prime Minister Denys Shymhal said on Nov. 27.
Kyiv has indicated it will not extend the transit deal, ending over 50 years of gas flows from Siberia to central Europe — a vital revenue stream for Russia since the Soviet era.
Editor’s note: This is issue 2 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly "Ukraine Reforms Tracker" covering events from Nov. 18-24, 2024. This newsletter was until recently titled “Ukrainian Economy in Brief." The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs.
The statement is a response to an article published by the Italian newspaper Corriere della Sera. The newspaper reported on Nov. 24 that Odile Renaud-Basso, the president of the EBRD, had said the bank would not provide funds to DTEK due to its ownership by oligarch Rinat Akhmetov.
There are some $4-5 billion of frozen Russian assets in the U.S. and it will be up to President-elect Donald Trump to decide what to do with them when he takes office in January 2025. After Russia’s full-scale invasion of Ukraine, Western nations froze around $300 billion of
The day Russia invaded Ukraine, Ivan Kaunov watched from his 23rd-floor Kyiv apartment in disbelief as rockets came down on his city. He was 30, married, and running a fintech startup that was seeing remarkable traction. The scion of a Kyivan family that had gotten wealthy on construction and IT,
The EU's 15th sanctions package will include 30 legal entities from eight countries and 50 individuals, the Ukrainian president’s commissioner for sanctions, Vladyslav Vlasiuk, said on Nov. 26.
Ukraine's Supreme Court on Nov. 26 upheld earlier rulings on nationalizing Ukraine's largest bank and dismissed an appeal of its former owner Ihor Kolomoisky, ending a years-long case.
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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