Ukrainians opened record number of businesses in this European country. Nearest competitor managed 2,000
Ukrainians repeated their 2024 record across sectors from gastronomy and logistics to IT, as their homeland faces war.
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Business
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Foreign companies left Russia after 2022. Moscow is now building legal framework to use their names, software, and trademarks
Russia calls it "external temporary management."
Squeezing out a new start: Ukrainian veterans turn service into small business
After nearly a decade of combat, veteran Yaroslav Kozachuk opened a juice factory. His "Juice for the Front" initiative has sent 400 liters to soldiers still in the fight.
World Bank releases $290 mn for Ukraine to support small and medium-sized businesses
A $290 mn World Bank payment has landed in Ukraine's budget following the government's completion of key milestones in a $593 mn program targeting 20,000 businesses and 40,000 jobs
€140 billion lifeline at risk: Massive corruption scandal threatens Ukraine’s access to frozen Russian assets
Ukraine urgently needs this money as US aid dries up.
Moscow courts Western firms with promises of economic opportunities – FT
Russian officials have begun directly contacting major US multinationals about returning to the country as Moscow and Washington rapidly re-engage politically.
One-third of American companies still operate in Russia despite war
American companies have withdrawn from Russia at a slower pace than European businesses, maintaining 46% of pre-war revenue in 2023 compared to just 2-4% for Northern European firms.
Russian tycoon secretly owned US flight app before FSB connection
A US flight tracking application with millions of users worldwide was purchased by a Russian businessman with close ties to state corporation Rostec.
War wounds doomed them to unemployment. Then they sparked Ukraine’s economic boom
Cast aside by employers, Ukraine's wounded veterans and war widows drive nation’s small business boom, healing both the economy and their own battle scars.
Ukraine’s economic growth expected to reach 4% in 2024, but slow in 2025 due to labor shortages
A return to Black Sea trade boosts 2024 growth, but labor and energy constraints dampen longer-term prospects.
Norway and Germany allocate $ 2.1 million to support energy resilience of small businesses in Ukraine
A new grant program offers Ukrainian entrepreneurs over $21,000 for energy equipment investments.
Over 20 Finnish business projects received support under Ukraine’s reconstruction plan
Finland's plan for Ukraine's reconstruction includes tools to stimulate private business involvement in key sectors such as construction and energy.
Kyiv runs into strong opposition on tax hike to fund war – Politico
Ukraine's proposal to raise taxes for war funding faces strong opposition from domestic and international businesses, reports Politico.
Ukrainian company Nova Poshta receives international logistics “Oscar”
Nova Poshta, co-founded by Volodymyr Poperechnyuk, triumphed over global competitors to win the prestigious WORLD POST & PARCEL AWARDS, showcasing its excellence in delivering parcels and cargo amid Russia's war.
Ukrainian oligarch Ihor Kolomoisky’s commercial interests reportedly prompted murder plot, police say
The National Police revealed details of the scheme, shedding light on a decades-old case involving the businessman, who was sanctioned by the US.
World Bank plans to disburse $ 500 million to support Ukrainian business in 2024
In an effort to bolster the Ukrainian economy targeted by the Russian war, the country's Ministry of Economy…
Ukraine business-police relations hit crisis point after Mazepa arrest
Ukraine's business leaders are voicing outrage over the revival of coercive police tactics likened to the corrupt Yanukovych era after the arrest of financier Ihor Mazepa.
Ukrainian fashion keeps lights on despite war’s darkness
Despite daily attacks on infrastructure that leave them in the dark, Ukrainian fashion brands carry threads of hope, devising workarounds to keep creating.
Top Ukrainian job portal cuts ties with 200 more companies linked to Russian market
Ukraine's leading job portal, Work.ua, has expanded its roster of brands conducting business with Russia. The job portal…
Ukraine anti-graft agency designates Philip Morris, Japan Tobacco int’l sponsors of war for business in Russia
Ukraine's anti-graft agency put tobacco companies Philip Morris and Japan Tobacco on the Ukrainian list of international sponsors of war for doing business in Russia.