Help rescue animals from the front line — shop our Companion Collection 🐾

Shop Now

Business news

Created in collaboration between Kyiv Independent and KPMG Ukraine Gateway
An investor’s guide to
UKRAINE
Learn more
A man walks past a closed bar at the Bessarabskyi  Market in Kyiv, Ukraine on Oct. 6, 2026.
Business

Food court flop? Kyiv’s historic market empties after million-dollar makeover

by Alessandra Hay

Bessarabskyi Market has stood in Kyiv for 114 years. Its upscale makeover lasted less than one. Less than a year after the late-2025 reopening, most of the restaurants are gone, and the hall is quieter than before the renovation. Before the makeover, Bessarabskyi was a labyrinth of produce stalls, offering everything from churchkhela — a sweet from the Caucasus — and watermelons from southern Ukraine to pigs' feet and sauerkraut craft beer. But by the end of 2025, the maze of vendors had shru

News Feed

Why EU sanctions have missed company behind Russia's tank industry?

With more than four years of full-scale war and 12 years since Russia first invaded Ukraine, it seems the European Union has developed an extensive arsenal of tools to sanction Moscow, but one problem appears to persist: the visibility problem. Consider two companies that share a name. The first is Research and Production Corporation Uralvagonzavod in Nizhny Tagil, Russia's only tank manufacturer. It has been under EU sanctions since March 2022 for supplying the T-72B3 tanks used against Ukrai

Russian tanks move during the military exercises near Borisov, Belarus, on Sept. 15, 2025.

Montenegro to expel founder of Russian war blog Rybar, citing security reasons

"Today, employees of the Police Department, together with the National Security Agency and with the support of international partners, conducted a targeted and coordinated operation aimed at preventing, detecting, and neutralizing illegal activities on the territory of Montenegro," Montenegro's police said.

About Business

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.

News Feed