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It's official — Ukraine has a new bank
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It's official — Ukraine has a new bank

by Luca Léry Moffat

Ukraine will have a new bank on its books as of tomorrow, after Estonian fintech Iute Group finalized its entry into the market on March 16 — the first foreign bank to enter the country's competitive banking sector since 2021. Representatives from Iute and Ukraine's Deposit Guarantee Fund announced on Monday at a press conference in Kyiv that Ukraine's central bank had approved the sale, paving the way for the bank to begin operations tomorrow. Iute purchased a bridge bank from Ukraine's guara

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Why must Ukraine's justice system adapt to a traumatized society?

Ukraine is rebuilding courts, laws, and institutions while the war continues. At the same time, it faces the vital task of helping its people rebuild their lives. Our European integration debate is rightly obsessed with the rule of law, independent courts, predictable procedures, and public trust. Yet one factor is still treated as "soft" and therefore optional. It is war trauma. In a country where trauma is at mass‑scale, ignoring it does not make justice tougher. It makes justice less just.

With all eyes on Orban, billions more for Ukraine at risk as reforms derail

For more news like this directly into your inbox, subscribe to our weekly Ukraine Business Roundup newsletter. Billions in urgently needed financing to Ukraine are at risk as a deepening political crisis jeopardizes access to aid — all while Hungary continues to block a separate financial lifeline. Ukraine has so far failed to implement reforms needed to unlock almost $4 billion in World Bank and EU loans, putting it on track to permanently lose access to some earmarked funds for the first tim

Hungary’s Prime Minister Viktor Orban arrives at the European Council meeting in Brussels, Belgium, on June 26, 2025.

Amid Iran war, Ukrainian drone makers fear Zelensky risks missing 'window of opportunity'

Ukraine’s drone industry is abuzz with anticipation of a deal that would allow them to sell interceptor drones abroad, hoping for the first big relaxation of wartime export restrictions that would finally put their technology in the hands of foreign militaries amid the U.S. war with Iran. But President Volodymyr Zelensky is seemingly holding out for a deal over PAC-3 missiles, an anti-air munition for Patriot systems that are uniquely good at defending against Russian ballistic attacks. The re

Ukrainian Sting drone interceptors in an undated photo.

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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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