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Ukraine
Ukraine’s Manufacturers in 2023 – Heavy Industry Leaders Mostly Report Losses, Others Remain Profitable
Ukraine’s top ten most successful manufacturers list for 2023 is made of heavy industry that reduced net losses despite the war: food industry, defense and agricultural enterprises.
July 30, 2024
Business
Friday’s Global IT Outage Exposes Vulnerability of Modern Tech Systems
The global IT outage caused by a single faulty update released by Crowdstrike highlights the vulnerability of the interconnectedness of the modern tech ecosystem.
July 22, 2024
Energy
Three Days Without Power (and Counting) in Center of Ukraine’s Capital
Scheduled power outages and demands for extra payments compound the inability of experts to repair an electrical fault in Ukraine’s tallest building.
July 18, 2024
Business
Nibulon Is Ready to Build Ukrainian Naval Warships, Not Filing for Bankruptcy
Ukraine’s largest agricultural, maritime logistics company and shipbuilder is transforming a year after its founder was killed by a Russian missile – investigators say it was a murder.
July 18, 2024
Business
Saudi Arabia Threatened to Sell Off Europe’s Bonds If EU Seized Russian Assets – Bloomberg
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.
July 10, 2024
EU
Ex-Privatbank Owner Leaves Ukraine Due to Possible Suspicion Notice
Ukrainian oligarch Igor Kolomoisky’s partner, Gennady Bogolyubov, allegedly fled the country to avoid potential prosecution in the Privatbank criminal embezzlement case – spokesperson denies this.
July 10, 2024
EU
Dutch Good Growth Fund Becomes a Shareholder of Bank Lviv
In the first deal for Ukraine’s banking sector after the invasion, the Dutch invested €4.5 million in capital to purchase shares of a Ukrainian Swiss and Iceland-owned bank operating in Ukraine.
July 9, 2024
EU
Government Launched ePermits for Businesses – Another Step to EU Accession
Entrepreneurs in Ukraine can now manage their licenses online and complain in cases of license law violations, pay for administrative services and report on occupational health in the workplace.
July 9, 2024
Business
Ukraine’s Top Companies Helping to Rebuild Kyiv Children’s Hospital
Ukraine’s most successful companies announced they will help rebuild the destroyed Okhmadyt Children’s Hospital, and are now providing food, water and transportation for patients and staff.
July 9, 2024
EU
What Reforms Await Ukraine in the Next Four Years?
To get money from the West and sustain its economy in the reality of Russia’s full-scale invasion, Ukraine created a list of reforms it needs to make over the next four years.
June 15, 2024
Business
Ukrnafta, Ukrenergo and Ukrhydroenergo to Receive €300 Million From EBRD Energy Package
Ukraine’s largest state-owned energy companies received substantial financial aid from EBRD to build decentralized energy system after Russian missiles destroyed power-generating capacities.
June 6, 2024
War in Ukraine
Starbucks Applies to Register and Safeguard Trademarks in Russia
The US multinational has reportedly applied to register several of its trademarks through Russia’s intellectual property service.
June 6, 2024
Business
MHP Net Profits Fell by Two Thirds and a Warehouse was Destroyed
The agro-industrial group reported $16 million profit in the first quarter of 2024 was a third of that in 2023 made worse by the $8 million loss resulting from Russia’s strikes in the Odesa region.
June 5, 2024
Business
Ukraine’s PrivatBank Launches Corporate Business Loans – Alarms Banking Sector
Ukraine’s largest bank is to offer corporate business loans building on its experience with SMEs and individuals, stretching the nerves of the banking sector which faces tougher competition.
June 4, 2024
Ukraine
Ukrainian IT Companies Takes Part in Oman Tech Exhibition
A group that took part in the exhibition said it “opened up a world of new opportunities,” where the Gulf region is “increasingly piquing the interest of Ukrainian businesses.”
June 4, 2024
Russia
China e-Commerce Conglomerate Alibaba Reportedly Restricts Operations in Russia - True or False
Alibaba’s reported move to reject payments in rubles and cease deliveries to Russia in fear of secondary US sanctions is likely to further restrict access to foreign goods for Russian citizens.
June 2, 2024