Economics
Editor’s note: the story has been updated to include the report from Ukraine’s energy regulator about the unjustified energy consumption by Vinnytsiaoblenergo. Ukraine’s Security Service reported on J
Jul. 12, 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
Ukrainian entrepreneurs Daria Shapovalova and Natalia Modenova announced on July 6 that they raised $2 million from big U.S. investors to finance a fashion-tech startup called DressX. Based in Los Ang
Jul. 8, 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
Ukrainian Victoria Repa, 28, co-founded the tech startup BetterMe at age 24, only a year after starting a career in information technology. Five years later, Repa heads a 130-person firm that develops
Jun. 28, 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
For 30 years, the Hubble Space Telescope has been providing us with breathtaking images from distant corners of the universe. Now it’s suffered a computer glitch. Here’s a look back at some of its fin
Jun. 22, 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
With no investment culture of their own, Ukrainians often overlook traditional assets like stocks and bonds. But powered by a strong tech industry, the country is increasingly turning to alternative a
Jun. 16, 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
From humble beginnings thirty years ago, software outsourcing firm ELEKS has gone on to become a key player on the global stage. To mark three decades in business, ELEKS’s founder Oleksiy Skrypnyk and
Jun. 4, 2021
Promprylad.Renovation is an innovation center on the territory of the revitalized plant in Ivano-Frankivsk. It is focused on four areas of regional development: the new economy, urban planning, contem
Jun. 4, 2021
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Could Russia be forced out of Ukraine, not due to a military victory, but due to the Russian economy's collapse? Increasingly there are signs in Moscow that Russia's war may soon run out of money.
Oct. 3