The memorandum of understanding will establish over 100 industrial parks across Ukraine, impacting the lives of 2.5 million citizens, and helping create “hyper-modern” cities.
Gazprombank, one of Russia's largest banks that is also under heavy U.S. sanctions, is reportedly poised to acquire the Russian operations of the Auchan retail chain, according to sources cited by Le Monde on Oct. 25.
Auchan, one of the few French chains still operating in Russia, is in final negotiations to sell its Russian subsidiary to a local buyer, French media La Lettre reported on Oct. 24.
After a long journey fraught with a global pandemic and all-out invasion, Canada and Ukraine successfully revamped a free trade agreement that comes into play on July 1, expanding the relationship between Canadian and Ukrainian businesses. The Canada Ukraine Free Trade Agreement (CUFTA) was initially introduced in August 2017, abolishing
Swedish furniture giant Ikea decided in May to make plans to reopen its store in Kyiv, Forbes Ukraine reported on June 27, citing two managers of shopping centers and two commercial real estate consultants.
A study conducted by the Kyiv School of Economics found that more than 2,000 have remained as of the beginning of May. Around 1,200 other companies have only curtailed their businesses, while only 387 have fully exited.
Businesspeople from Turkey represent the largest share, data shows, as they own 354 new Ukrainian businesses, or 13% of the total.
Along with many other Western companies, Hugo Boss suspended its retail operations in Russia after the beginning of the full-scale invasion of Ukraine in February 2022.
The media outlet RBC-Ukraine shared videos of long lines of people waiting to enter the stores.
The exit measures implemented by the Russian government, combined with writedowns, lost revenue, and other factors, account for the staggering figure, Reuters found.
Leading international electronics companies, including Samsung and Xiaomi, have resumed advertising in Russia after suspending product promotion after the start of the full-scale invasion, Russian state media outlet Kommersant reported, citing TelecomDaily data.
After Russia began its brutal full-scale invasion of Ukraine on Feb. 24, many multinational companies have announced that they are voluntarily curtailing or halting their business there. Some, like Nestle or PepsiCo, were pressured into making the decision after facing pushback from their employees in Ukraine, customers around the globe,
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