Business
Ukraine’s long-awaited large-scale privatization has officially begun. On July 15, the state-owned four-star Dnipro Hotel, located in the Kyiv city center, was sold for $41 million to a private invest
Jul. 15, 2020
The main United Nations compound in Ukraine, situated in central Kyiv, stands largely empty. Only a skeleton crew of staff and security remains. Those who need to be at the office have to reserve a ti
Jul. 15, 2020
Ukrainian seaports are the main gates for the country’s exports and imports. Last year, these gates seemed open and inviting, as the ports hit a historic record of 160 million tons in cargo turnover i
Jul. 15, 2020
Ukrainian President Volodymyr Zelensky made it clear at a press conference in May that he wants to be “remembered as the president who built good roads in Ukraine.” The roads in Ukraine are among the
Jul. 15, 2020
It could have been a good year for Ukraine’s economy. In January, Ukraine placed eurobonds with a historically low interest rate. Negotiations for another International Monetary Fund loan were underwa
Jul. 10, 2020
For the first time since 2016, the Ukrainian version of business magazine Forbes has presented its brand new list of the 100 richest Ukrainians in 2020. After closing in 2017, the magazine relaunched
Jun. 2, 2020
The Swedish company IKEA, the world’s largest furniture and home goods retailer, has decided to temporarily restrict the ability to place new orders in the Ukrainian online store, IKEA has told Interf
May. 25, 2020
The number of Ukrainian households at or below the official poverty line will grow to 45% in 2020, the Social Policy Ministry has stated, as reported by UNIAN. Effects of the coronavirus pandemic in U
May. 21, 2020
The Swedish company IKEA, the world’s largest retailer of furniture and household goods, on May 14 officially launched the possibility of ordering goods from an online store in Ukraine, distribution p
May. 14, 2020
Melinda Simmons became the United Kingdom’s ambassador to Ukraine only in September, but she’s got ancestral roots to the country. She is one-quarter Ukrainian. Her great-great-grandparents lived near
Apr. 17, 2020
Ending quarantine measures in Ukraine is not feasible until after a steady reduction in cases of COVID-19, Health Minister Maksym Stepanov said. “Given today’s anti-record on new COVID-19 cases, I bel
Apr. 15, 2020
Pakistan’s most famous businessman in Ukraine, by far, is Mohammad Zahoor. He is the owner of the ISTIL Group of companies who came to Ukraine in 1974 as a university student and then went on to a hig
Mar. 19, 2020
The National Bank of Ukraine this week continued to cut the policy rate while trying to buffer the hryvnia from coronavirus panic. NBU governor Yakiv Smolii said that the interest rate cut, from 11% t
Mar. 13, 2020
New York – The S&P 500 fell for the seventh straight day on Feb. 28 and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spread
Feb. 29, 2020
U.S. hospitality giant Hilton has announced its plans to open two casinos in premises of its Kyiv hotel, anticipating Ukraine’s parliament approval of legislation to legalize gambling. The co-owner of
Feb. 29, 2020
Since the summer of 2019, Burisma Group, a Ukrainian energy company, has been surviving in a perfect storm. The enterprise has found itself at the center of political struggle in Washington, having be
Feb. 21, 2020
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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