Kyiv Post News, General

Lviv’s Euro 2012 stadium construction hits a snag Construction of a soccer stadium (above) was temporarily halted in Lviv, one of four Ukrainian cities to host games during Europe’s Euro 2012 soccer tournament.
Feb 25, 2010 at 23:27
Spring thaw is on the way, but bank lending remains frozen Ukraine’s economy will struggle to climb out of recession unless the country’s heavily-battered banking sector starts lending again – and at affordable rates. But that is still not likely to happen soon, judging from the horrible financial results that banks posted last year and the mountains of bad loans and shaky public trust they are still struggling to overcome.
Feb 25, 2010 at 23:04 | Olga Gnativ
Best Western launches Ukraine expansion via Sevastopol Best Western, the popular hotel chain headquartered in Phoenix, Arizona, has kick-started its expansion into Ukraine by bringing a leading hotel based in Ukraine’s Crimean peninsula within its network.
Feb 18, 2010 at 23:03
OPIC holds workshops to reboot services in Ukraine The Overseas Private Investment Corporation, a U.S. government agency better known by its OPIC acronym, has held a series of workshops in recent weeks as it resumes operations in Ukraine.
Feb 18, 2010 at 23:00
Ukraine’s economy in 2009 had its worst contraction in 15 years Ukraine's economy shrank 15 percent in 2009 – the worst contraction in 15 years – after growing 2.1 percent the previous year, according to the Economy Ministry's preliminary figures published on Feb. 16.
Feb 18, 2010 at 22:51 | Reuters
Gaining support from IMF, Russia seen as key steps for new president in soothing investors Whoever emerges from Ukraine’s post-election turmoil in charge, avoiding another poll and gaining support from the International Monetary Fund and Russia will be key to drawing investors back to one of Europe’s biggest undeveloped economies.
Feb 18, 2010 at 22:41 | Reuters
Investors hope new president will unite nation, move to cure economic woes Top challenges include persuading International Monetary Fund to restart critical lending.
Feb 11, 2010 at 21:40 | James Marson
Yanukovych to help Russia build pipelines bypassing Ukraine, double gas transit Kyiv should persuade Moscow to nearly double Russian gas transit to Europe via Ukraine, Ukrainian presidential frontrunner Victor Yanukovych said on Jan. 27 while ruling out the sale of transit pipelines.
Feb 4, 2010 at 22:35 | Reuters
Mergers, acquisitions fly under public radar While Ukraine’s presidential election campaign continues to command center stage, fewer eyes are focusing on an important trend in business under way.
Feb 4, 2010 at 22:23 | John Marone
Pinchuk gathers influential friends at Davos Ukrainian billionaire Victor Pinchuk, who amassed a fortune during the years when his father-in-law, Leonid Kuchma, served as Ukraine’s president, has once again dug into his deep pockets to bring together some of the world’s most influential individuals.
Feb 4, 2010 at 22:11
Macedonia to buy 84 buses from Lviv’s LAZ Skopje, capital of the Balkan country of Macedonia, has inked a 10 million euro contact to purchase 84 buses from LAZ, the Ukrainian bus factory based in Lviv, western Ukraine.
Feb 4, 2010 at 22:06
Business Person of the Year KyivPost's Best of Kyiv 2009: Philippe D’Have

You may not have heard of Belgian native Philippe D’Have. But if you’re a woman, you are likely to have purchased something from L’Oreal, the international cosmetics giant whose business D’Have heads in Ukraine.

And while many businesses downsized during the economic recession in 2009, under D’Have’s management, L’Oreal is one of the few strong companies that seized the moment. They capitalized on the crisis by expanding business.

In 2009 compared to 2008, D’Have said L’Oreal posted a 15 percent increase in unit sales in Ukraine, a 40 percent increase in turnover (in hryvnia) on top of a 25 percent increase in price, which was unavoidable in light of the hryvnia devaluation.

While some competitors cut advertising, promotions and sales expansion strategies, L’Oreal increased it.

D’Have, who also heads L’Oreal’s business in much of the CIS region with the exception of Russia, said the strategy paid off. The changes preserved the group’s margin while increasing market share by an estimated 2 percent, to 15 percent.

Boasting of the group’s success, D’Have said there was “no crisis in Ukraine for L’Oreal” because the group “took a risk.”

“We have continued to recruit people,” D’Have said. The L’Oreal group, he said, plans to increase its workforce in Ukraine in the near term from about 180 to 200 individuals.
Jan 29, 2010 at 19:24
The Spirit of Kyiv KyivPost's Best of Kyiv 2009: Curtis ‘B.J.’ Bjelajac

Someone who is pleasant in manner and quick with a smile, visible in the community and active in helping the neediest – these are the traits the Kyiv Post searched for in giving its first-ever Spirit of Kyiv Award. The ancient capital is fortunate to have many worthy candidates, but the Kyiv Post chose Curtis “B.J.” Bjelajac as the first recipient.


Bjelajac says the spirit of Kyiv means “doing what you can to help others.” That is what he did as Kyiv Lions Club president in the past year. Club members said that, under Bjelajac’s leadership, the service organization did more than in many previous years, despite the recession.

The Lions Club helps children, elderly and handicapped. It also promotes international understanding. “My association with the club is a natural extension of my desire to help others,” Bjelajac said.

Bjelajac, 41, came to Ukraine in 1997 from America in order to help Ukraine in its transition to a market economy. He is married and has a daughter. He works as chief financial officer for The Science and Technology Center, an organization that seeks to halt the proliferation of weapons of mass destruction.

Kyiv Lions Club meetings are held every second Monday of the month at 7 p.m. in Golden Gate Pub, 15 Zolotovoritska St., with more information at http://goldengatepubkiev.com. The Kyiv Lions Club website is: www.kyivlionsclub.org.
Jan 29, 2010 at 18:53
Best Night Spot KyivPost's Best of Kyiv 2009: Shooters
Jan 29, 2010 at 17:56
Best Restaurant KyivPost's Best of Kyiv 2009: Concord
Jan 29, 2010 at 17:53