Economics
Ukrainian startup People.ai has attracted $100 million of investment, bringing its total valuation to $1.1 billion, its founder Oleg Rogynsky said on Aug. 11. With this valuation, People.ai joins the
Aug. 12, 2021
Kyiv’s skyline is littered with construction cranes; its residents complain of noisy construction sites. It makes one wonder if the city isn’t experiencing a residential real estate boom. In reality,
Aug. 2, 2021
An app to substitute your face for a movie star’s in the split of a second, a live map to track wars and crimes, and a mind-controlled prosthesis — these are only some examples of Ukrainian innovative
Jul. 29, 2021
Kazakhstan’s largest financial technology firm Kaspi.kz has signed a purchase agreement with Ukraine-based online payment service Portmone, according to financial statements Kaspi.kz published on July
Jul. 28, 2021
Ukraine’s Security Service (SBU) detained a Ukrainian national who is suspected of setting up a bot farm to sell fake online accounts, called bots, to Russian customers. The suspect, a local tech spec
Jul. 27, 2021
Ukraine has imposed sanctions on Russia’s biggest online retailer Wildberries and its founder Tatyana Bakalchuk, the richest woman in Russia, on July 23. Tatyana Bakalchuk’s husband Vladislav was also
Jul. 26, 2021
The Nord Stream 2 pipeline was supposed to be a solution to satiate Germany’s vast energy needs. Instead, the project stoked a years-long diplomatic crisis as Germany’s allies in Europe and the U.S. r
Jul. 23, 2021
The Ukrainian parliament voted in the first reading for a bill that allows foreign tech specialists to register businesses and pay taxes in Ukraine online. The so-called e-residency is expected to bri
Jul. 21, 2021
A data center busted by Ukrainian law enforcement this month for suspected electricity theft may have had a purpose different from mining cryptocurrencies. Ukraine’s security service described the fac
Jul. 18, 2021
The Ukrainian division of E-cigarette manufacturer JUUL has quietly begun to close its Ukraine office, but its addictive product still has the country hooked. As of Jan. 2021, amendments to the tax co
Jul. 14, 2021
Russia is sending a clear message to Europe: Allow the completion of Nord Stream 2 or gas prices will remain high and supplies dangerously low. Following a cold winter in Europe, gas storages in sever
Jul. 13, 2021
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
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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