Business
The State Fiscal Service (SFS) on Sept. 6 announced that it has discovered an illegal online casino employing 60 people, with an annual turnover of over $30 million. Since gambling was legalized a yea
Sep. 7, 2021
For the first six months of 2021, Ukraine exported $35.59 billion worth of goods, 8.9% more than the same period in 2020, and imported $37.31 billion worth of goods, 8.45% more than in 2020 for the sa
Aug. 16, 2021
Kyiv’s skyline is littered with construction cranes; its residents complain of noisy construction sites. It makes one wonder if the city isn’t experiencing a residential real estate boom. In reality,
Aug. 2, 2021
Ukraine has imposed sanctions on Russia’s biggest online retailer Wildberries and its founder Tatyana Bakalchuk, the richest woman in Russia, on July 23. Tatyana Bakalchuk’s husband Vladislav was also
Jul. 26, 2021
The Nord Stream 2 pipeline was supposed to be a solution to satiate Germany’s vast energy needs. Instead, the project stoked a years-long diplomatic crisis as Germany’s allies in Europe and the U.S. r
Jul. 23, 2021
The Ukrainian division of E-cigarette manufacturer JUUL has quietly begun to close its Ukraine office, but its addictive product still has the country hooked. As of Jan. 2021, amendments to the tax co
Jul. 14, 2021
Russia is sending a clear message to Europe: Allow the completion of Nord Stream 2 or gas prices will remain high and supplies dangerously low. Following a cold winter in Europe, gas storages in sever
Jul. 13, 2021
For food delivery services to succeed in Ukraine, there is but one unwritten rule to follow: have McDonald’s on the menu. The fast food chain serves 100 million orders annually in Ukraine. For McDonal
Jul. 12, 2021
Managing state-owned oil and gas company Naftogaz pays off, no matter how much money the company loses. Despite losses of nearly $700 million in 2020, Naftogaz’s top management this year pocketed mult
Jul. 6, 2021
Pairing a love for Ukraine and wine brought true magic for Carl Steinke. More than three years ago, Steinke, a retired salesman, began importing Ukrainian wine to Canada. In 2018, his family traveled
Jul. 3, 2021
On July 1, Ukraine finally left the small club of six countries where the sale of farmland is still prohibited. From now on, Ukrainians can start buying and selling land, as the 20-year moratorium on
Jul. 1, 2021
U.S. tech giant Apple officially entered Ukraine, Minister of Digital Transformation Mykhailo Fedorov announced on June 30. The company will now control stores of local dealers and will import its equ
Jun. 30, 2021
When Ukrainian entrepreneur Igor Fostenko created his first wooden map to put on an empty wall in his office, he didn’t expect to turn the decorative piece into a business bringing him $12 million in
Jun. 30, 2021
When Tymofiy Mylovanov took over the Kyiv School of Economics in 2016, the school was, in his words, “in disarray.” Mylovanov had to restructure the de-facto bankrupt school’s debt and cut personnel b
Jun. 25, 2021
Since 1992, when Ukraine joined the International Monetary Fund, the nation has borrowed roughly $32 billion out of a possible $74 billion in 11 separate programs. Those numbers alone tell an unflatte
Jun. 17, 2021
Ukraine has the potential to become a major processing hub for Norwegian seafood — if Norwegian producers come to trust the investment climate here. High labor costs in Norway have forced its seafood
Jun. 14, 2021
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As Ukraine prepares for another winter under Russian attack, it is shoring up its energy capacity by making a “strategic shift” toward distributed energy resources.
Nov. 17