Economics
Ukraine has become the 10th largest pig iron maker in the world after its metal producers smelted 3.5 million tons of this type of iron in January and February, the Association of Ukrainian Metallurgi
Mar. 26, 2021
Russian tech behemoth Playrix has acquired Ukrainian game company Boolat Games and rebranded it under the new name Boolat Play, Playrix announced on March 22. Now the team of 30 Ukrainians based in Ky
Mar. 22, 2021
Ukraine’s egg production during the first two months in 2021 dropped by 16.1% compared to the same period in 2020, according to the State Statistics Service. The number of eggs collected in January-Fe
Mar. 19, 2021
The net worth of Ukrainian oligarch Rinat Akhmetov, according to Forbes magazine, has increased to $7.6 billion. Akhmetov’s net worth has tripled since the magazine’s last update in May 2020. On March
Mar. 14, 2021
Instead of generating a projected net profit of $60 million in 2020, Ukraine’s state nuclear giant Energoatom sustained a net loss of $177 million, anti-graft watchdog StateWatch reported on March 11.
Mar. 11, 2021
The Cabinet of Ministers has approved a plan of measures to prevent tax evasion by business entities and to prevent money laundering in offshore zones, the Ukrainian Finance Ministry’s press service h
Mar. 3, 2021
The Ukrainian venture Highland Systems led by Ukrainian engineer Alexander Kuznetsov has successfully developed the world’s first hybrid armored caterpillar vehicle powered by an electric motor and ca
Mar. 1, 2021
Kyiv’s Economic Court has ruled that state-owned PrivatBank must pay $1.5 million to the company Opt Nafta Plus. The court stated that Ukraine’s central bank wrongfully recognized Opt Nafta Plus (form
Feb. 25, 2021
Fozzy Group, the owner of the Silpo supermarket chain, has purchased another Ukrainian store chain, Furshet, according to the Anti-Monopoly Committee (AMCU), which signed off on the deal. Furshet’s pa
Feb. 22, 2021
Eleven tech companies that work in Ukraine have made it onto the list of the best tech firms in the world — the 2020 Global Outsourcing 100. The list includes local information technology companies Ci
Feb. 22, 2021
Ukraine has started negotiating a free trade agreement with Japan with the aim of abolishing most import duties to strengthen their economic ties. “The scale of the financial assistance provided by th
Feb. 18, 2021
A Ukrainian delegation to the United Arab Emirates, led by President Volodymyr Zelensky, signed memorandums and contracts worth $3 billion during a diplomatic visit on Feb. 14-15. The bilateral agreem
Feb. 15, 2021
Ukrainian tech companies are losing money because they lack tech specialists. Judging by how quickly they grow, tech firms need about 50,000 techies a year, while there are only a bit over 16,000 tech
Feb. 15, 2021
A Ukrainian immigrant to America has received $120,000 from a panel of U.S. investors on the television show “Shark Tank,” where entrepreneurs pitch ideas to get funding. In the episode, aired on Jan.
Feb. 10, 2021
Ukraine’s economy operates notoriously in the shadows: people get paid under the table and sell goods under the counter. Overall, tax evasion may cost the country $30 billion a year. Last year, Ukrain
Feb. 4, 2021
The Ukrainian sky has been virtually empty last year — the air traffic dropped by 58% since 2019. Ukrainian airlines have lost millions of dollars, teetering on the edge of bankruptcy without state su
Feb. 1, 2021
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IDPs who fled Russia’s invasion in 2022 are returning to their homes in the Donbas under Russian occupation because they cannot keep up with the cost of living in Ukrainian-controlled territory.
2d ago