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cargo ship Algrace anchors on the Danube River near the port of Izmail, Odesa Oblast, Ukraine, on July 27, 2023
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Exclusive: Ukraine shipping giant is sinking amid allegations of mismanagement and corruption risks

by Luca Léry Moffat

Leaked internal documents obtained by the Kyiv Independent suggest one of Ukraine's largest state-owned shipping companies is being run into the ground and may be under the influence of external interests — offering a rare look at the governance failures that continue to plague the country's state-owned enterprises. In early May, the chairman of the Ukrainian Danube Shipping Company's (UDP) supervisory board sent a lengthy letter to Ukraine's parliament. In it, he sounds the alarm over a severe

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Trump makes U-turn on Ukraine drone deal

"We would buy their drones ... And you know, if we made that deal, we'd have great protection. I love the protection," Trump told reporters at the press conference in the Turkish capital of Ankara.

Ukraine is looking for workers while millions of women remain outside the labor market

In the fifth year of resistance to Russia's full-scale aggression, labor shortage has become the main challenge for Ukrainian businesses. Mobilization on the one hand and emigration on the other have reduced the labor force by millions. It's not difficult to imagine the consequences: labor shortages increase salaries and, therefore, producers' costs. They also limit firms' production capacity and their ability to export. At the macroeconomic level, a shortage of workers leads to slower economic

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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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