Economics
Ukrainians rank among the world’s poorest people and the net wealth of its citizens now lags behind countries like Nepal, Bangladesh and Cameroon, new research published on Oct. 18 shows. According to
Oct. 19, 2018
Ukrainian entrepreneur Petro Golota sells handmade woolen shoes online, on such U.S. marketplaces as Etsy and eBay. Both websites support only one payment system — PayPal. It is a convenient internet-
Oct. 5, 2018
Russia has been replaced by Poland as the top destination for Ukrainian migrant workers. But an estimated three million Ukrainians still live and work in Russia and send over a billion dollars in remi
Oct. 5, 2018
While most of Ukraine’s successful tech entrepreneurs long ago relocated to the European Union or the United States, Dmitriy Zaporozhets, the founder of GitLab, a startup now worth $1 billion, is dete
Oct. 5, 2018
Gulliver, the tallest shopping mall and business center in Ukraine, could be sold this fall by its state-run creditor banks, Oschadbank and Ukreximbank, the owners have announced. But some analysts ha
Oct. 1, 2018
Seven locomotives General Electric (GE) TE33AC Trident (Tryzub) arrived in Chornomorsk (Odesa region), and the arrival of the next batch is expected in two weeks, acting Board Chairman of Ukrzaliznyts
Sep. 26, 2018
Ukraine’s textile industry is gradually regaining momentum after the 2014 EuroMaidan Revolution ousted President Viktor Yanukovych and triggered Russia’s invasion. Exports reached almost $1.1 billion
Sep. 21, 2018
BRUSSELS – Lithuanian specialists say they have invented a new artificial intelligence program which can identify fake news within two minutes. The program can be translated into any language, also in
Sep. 21, 2018
Global equity firm General Atlantic is contemplating investing in Ukraine’s information technology services sector, according to its CEO, William E. Ford. Speaking at the annual Yalta European Strateg
Sep. 14, 2018
German chemical and pharmaceutical company Bayer has launched its Monsanto seed plant in the village of Pochuiky (Zhytomyr region) on Sept. 5. In a Facebook post, Poroshenko said that $200 million of
Sep. 5, 2018
As Ukraine gears up for Independence Day and its annual military parade on Aug. 24, it might consider including some economists, business people, lawyers and civil society advocates in the march. Desp
Aug. 23, 2018
It’s been a long time since Ukraine has been able to boast about its aerospace accomplishments – not much has been achieved since the country became independent in 1991. While it inherited a large chu
Aug. 20, 2018
Ukraine’s largest bank PrivatBank just rolled out on Aug. 2 an extended version of its internet bank Privat24, making its services available to users of any bank around the world. The state-owned bank
Aug. 2, 2018
The workers have begun to install the framework of the new section of the international terminal in Zhuliany airport as Avianews reported. “The project of the increasing of the area assumes the constr
Jul. 30, 2018
U.S. tech giant Amazon acquired Ring for an impressive $1 billion this February. But the startup, which is developing smart home security systems, still has its largest R&D center in Ukraine and i
Jul. 8, 2018
Grammarly is going up in the world. The Ukrainian startup has been so successful in helping English speakers to check their writing that they have moved to a new office on the 14th floor of Kyiv’s cen
Jul. 6, 2018
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Riyadh denied the Bloomberg report, saying it did not threaten to sell euro and French bonds as a way to influence the G7 into not seizing $280 billion of Russia’s frozen assets.
Jul. 10