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The Ukrainian business landscape is characterized by significant contrasts, particularly amid ongoing geopolitical tensions. A striking example involves the family of MP Vitalii Bort, accused of funding the Russian budget through an agricultural firm in occupied Zaporizhzhia. Meanwhile, President Zelenskyy engages international business leaders to revitalize Ukraine's economy, focusing on energy and defense investment. Additional government measures support local businesses, including 0% loans for energy equipment. Despite challenges, American businesses express confidence in Ukraine's resilience, continuing investments amid adversity. Such activities reflect both the opportunities and ethical dilemmas present in Ukraine's business sector.
How is the Ukrainian government supporting local businesses during the war?
The Ukrainian government has introduced measures such as one-time payments and 0% loans for energy equipment to support businesses amidst energy crises. These initiatives are aimed at bolstering local entrepreneurship and ensuring economic stability in challenging times.
What are the international business engagements with Ukraine?
International business engagements with Ukraine include meetings with global leaders by President Zelenskyy to discuss investments, particularly in the energy and defense sectors. These engagements aim to attract foreign investment and foster economic growth in Ukraine.
Why is there controversy over Ukrainian businesses paying taxes to Russia?
The controversy arises from Ukrainian businesses in occupied territories being re-registered under Russian laws, thus paying taxes to Russia. This situation is contentious because it involves financially supporting a country currently engaged in military conflict with Ukraine.
What challenges do American businesses face in Ukraine?
American businesses in Ukraine face challenges such as damage from Russian attacks, logistical difficulties, and the need to operate under turbulent political and economic conditions. Despite these issues, many remain committed to the Ukrainian market and seek further investment opportunities.
What steps are being taken to boost Ukraine's defense industry?
Steps to boost Ukraine's defense industry include obtaining export authorizations for Ukrainian weapons manufacturers. This process involves coordination with the State Service for Export Control and the Interagency Commission on Military-Technical Cooperation, aimed at expanding Ukraine's defense export potential.
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Family of MP from "OPFL" Bort has agricultural firm in occupied Zaporizhzhia region that pays millions of rubles in taxes to Russian budget – media The family of Vitalii Bort, a Member of Parliament from the banned "OPFL" (Opposition Platform – For Life) party, owns an agricultural business in the occupied part of the Zaporizhzhia region that has been re-registered under Russian laws. The company pays millions of rubles in taxes to the... 3 981 45
Energy, reconstruction and investments in defence industry: Zelenskyy spoke with international business representatives. VIDEO President Volodymyr Zelenskyy held a conversation with representatives of the international business community. 911 22 Previously in trend: Support of Ukrainian energy International investments
One-time payment and 0% loan for energy equipment: Svyrydenko announces support for businesses The government is introducing additional support for entrepreneurs amid an emergency energy situation. 2 048 3 Previously in trend: Power outages
Zelenskyy meets with international business, financial institutions, and energy companies in Davos. VIDEO&PHOTOS. VIDEO&PHOTOS In Davos, President of Ukraine Volodymyr Zelenskyy took part in a panel discussion of the International Advisory Council for Ukraine's Recovery, attended by representatives of international business, financial institutions, and energy companies. 1 489 15 Previously in trend: Support for Ukraine
Shmyhal asks businesses to turn off outdoor advertising: if you have excess energy, give it to people The government is asking businesses to turn off outdoor advertising in order to save electricity. 2 319 45 Previously in trend: Power outages
President of American Chamber of Commerce Hunder: American business believes in Ukraine Every second company - representative of American business in Ukraine has suffered from Russian attacks, but they continue to operate and develop. 109 0 Previously in trend: Russian aerial attacks
Start of Ukrainian weapons exports: Tech Force in UA explain procedure Ukrainian arms manufacturers seeking to enter foreign markets must first obtain export authorization from the State Service for Export Control and secure approval from the Interagency Commission on Military-Technical Cooperation and Export Control. 119 0 Previously in trend: Ukrainian Arms Drone industry
Ukrainian developer of drone autonomy systems raises $1 million investment Ukrainian defense-tech company Norda Dynamics has raised $1 million in investment. 133 0 Previously in trend: investments Drone industry
Largest investment since start of war: Ukrainian startup Swarmer secures $15 million for drone swarm development Ukrainian AI developer Swarmer, which builds autonomy solutions for drones, has raised $15 million from U.S. investors — Broadband Capital Investments, R-G.AI, D3 Ventures, Green Flag Ventures, Radius Capital, and Network VC. 152 0 Previously in trend: Drone industry
Government clarifies grounds for military exemption of employees from mobilization The Cabinet of Ministers has clarified the grounds for military exemption of persons liable for military service during mobilization and martial law. 49 0 Previously in trend: Employee mobilization exemption Drone industry
Men under 22 quit major companies and leave Ukraine en masse – media Young men are quitting Ukrainian companies en masse due to the possibility of leaving the country. 33 475 189 Previously in trend: Going abroad under age of 25
Companies linked to Umerov joined joint investment project with Russians in Uzbekistan in 2018 – AntAC Structures linked to former Ukrainian Defense Minister Rustem Umerov and his associate Lenur Mambetov entered a joint investment project in Uzbekistan with a Russian investor in 2018, after Russia’s occupation of Crimea. 11 205 75 Previously in trend: Business of Umerov’s companies linked to Russia
War veteran opens self-service car wash in Chernihiv on National Flag Day. VIDEO&PHOTOS. VIDEO&PHOTOS On August 23, Ukraine’s National Flag Day, Armed Forces of Ukraine veteran and athlete Yevhen Smaha opened his own business, the "Vodolii" self-service car wash in Chernihiv. 2 063 5 Previously in trend: AFU veterans
Taxes, war, and corruption: Ministry of Economy identifies top issues businesses have complained about Ukrainian businesses most often complain about high taxes, unpredictable government actions, and administrative pressure. 70 0
On Monday, February 10, electricity supply restrictions will apply to industry and business - Ukrenergo On Monday, February 10, Ukraine will introduce power restrictions for industry and business. 4 657 2
New loyalty programme "Pluses" for military launched in "Army+" app, - Umerov The Ministry of Defence of Ukraine has launched a new national programme to support servicemen called "Pluses" in the "Army+" mobile application. 1 358 8
"e-Entrepreneur: Diia launched testing of five more services for business The Diia portal has expanded the list of services in e-Entrepreneur by launching beta testing of five new services. 42 0
Brodskyi addressed Zelenskyy: Business looting is destroying country Mykhailo Brodskyi appealed to the President of Ukraine Volodymyr Zelenskyy and the head of the Prosecutor General's Office and the Security Service of Ukraine to investigate the facts of looting during the war, as well as massive raiding in the interests of a certain group of people. 6 838 27
Dashboard with data from the register of cases against businesses has been launched in Ukraine The Prosecutor General's Office has launched a dashboard with data from the Unified Register of Pre-trial Investigations on cases against businesses. 50 0
No high-profile case of corruption pressure on business has been closed - Manifesto 42 Not a single high-profile case of corrupt pressure on business, which is under the control of the Manifesto 42 civic movement, has been closed. The security forces continue to use criminal proceedings to extort bribes. 4 891 29 Previously in trend: Fighting corruption in Ukraine
Svyrydenko on economic reservation: First we need to hear military, and only then make decision Before making a decision on economic reservation, the opinion of the military must first be heard. 2 107 26
Businesses will be obliged not only to keep military records, but also to ensure delivery of summonses - media The local authorities will be assigned additional responsibilities for communicating the TCR’s orders to businesses. 17 064 143
Zelenskyy: We are creating new mechanism of communication with entrepreneurs - All-Ukrainian Economic Platform. VIDEO President Volodymyr Zelenskyy’s address to Ukrainians at the end of the 702nd day of the war with Russia. 3 484 81
Manifesto 42 is preparing warning protest against arbitrariness of rear security forces: Work of enterprises will be stopped The Manifesto 42 civic movement has announced a move to more radical forms of protest against the pressure exerted by security forces on business. On 1 February, businesses promise to suspend operations for one hour. 14 371 74
Koretsky, deputy of Poltava Regional Council, continues to own business in Russia, in particular hotel in suburbs of Moscow, where Russian military stays - mass media Mykola Koretsky, deputy of the Poltava Regional Council from the "Fatherland" party, continues to own several businesses in Russia and the "Rus" hotel in the suburbs of Moscow, where Russian military personnel stay. 3 123 13
World’s largest fast food chain Subway is included in list of war sponsors Ukraine has added the American multinational fast food franchise Subway to the list of international sponsors of war. The company continues to do business in Russia. 5 759 19
Zelenskyy met with Norwegian business, invited them to localize their production in Ukraine As part of his official visit to Norway, President of Ukraine Volodymyr Zelenskyy and Prime Minister of Norway Jonas Gahr Støre met with representatives of the Norwegian business community. 3 356 23
American entrepreneurs are ready to make large-scale investments in Ukraine, - Zelenskyy. PHOTOS During his visit to the United States, President of Ukraine Volodymyr Zelenskyy met with American entrepreneurs and heads of the largest US foundations. 3 400 48
German companies paid more taxes to Russian budget than firms of any other EU country - Bild Before full-scale invasion, 371 German firms were operating in Russia, and now there are 262 left. However, they paid more taxes to Russian budget than firms from any other EU country. 7 214 58 Previously in trend: EU sanctions
"Wallet" of Rosneft chairman Trotsenko discusses future of Russian Federation with Russian businessman Matushevsky: "It will end in hell. People will kill each other on the streets of Moscow.". AUDIO An audio recording of a conversation allegedly between Russian billionaire Roman Trotsenko and businessman Nikolai Matushevsky was published online. 13 486 53 Previously in trend: War
Kuleba about subpoenas for employees of American Schlumberger in Russian Federation: Must leave Russia The head of the Ministry of Foreign Affairs, Dmytro Kuleba, called on Western companies to leave Russia after it became known that employees of the American oil service company Schlumberger began to receive subpoenas in the Russian Federation. 9 702 9 Previously in trend: War Mobilization in Russian Federation
American giant Emerson is selling its Russian business, - company’s statement In fiscal year 2021, the Russian market accounted for approximately 1.5% of Emerson’s total sales. 2 545 3
During 5 months of war, 323.7 billion UAH of taxes were collected - 102% of peacetime income plan The business paid UAH 323.7 billion in taxes for the 5 months of the war and exceeded the peacetime income plan. 2 850 47 Previously in trend: War
Business must share cost of war with the state, benefits for it must be abolished, - Finance Minister Marchenko The Minister of Finance of Ukraine Serhii Marchenko believes that the business benefits introduced with the beginning of the full-scale invasion of Russia should be abolished. 10 146 111
German business still wants to cooperate with Russia, - Duda Some German businesses want to continue doing business with Russia using cheap energy. Poland will argue that it is no longer possible to return to normal relations with Russia. 6 577 42 Previously in trend: War
Shmygal called on international companies to resume work in Ukraine: Government will help you as much as possible The closure of international companies in Ukraine is sanctions against our economy. 2 464 38 Previously in trend: War
Diia portal starts accepting applications by private entrepreneurs to receive UAH 8,000 of aid for period of toughened quarantine in January The Diia portal has received 5,000 applications for UAH 8,000 of one-time aid from the state from employees and individual entrepreneurs, whose activities are subject to a ban during the period of toughened quarantine in January, Prime Minister Denys Shmyhal said. 4 368 28 Previously in trend: Anti-epidemic measures and restrictions
Ruslan Shcherban: After I have watched the Heir, my key conclusion is that it was an absolutely right decision not to be a part of it After I have watched the Heir, my key conclusion is that it was an absolutely right decision not to be a part of it. It is called "an investigative film", but it has got everything but the investigation itself. The whole story is my brother's monologue with some videos from our family archive. It contains no evidence or any reliable documents whatsoever. 117 0
Protesters gather at Verkhovna Rada, block Hrushevskoho street in Kyiv. VIDEO&PHOTOS. VIDEO&PHOTOS As of now, protesters are gathering at the Verkhovna Rada building. 13 879 153 Previously in trend: Anti-epidemic measures and restrictions
Zelenskyi proposes allocating money from COVID-19 fund to support businesses Ukrainian President Volodymyr Zelenskyi has registered in the Verkhovna Rada a bill proposing to allocate money from the Fund to Combat COVID-19 to support entrepreneurs and employees. 1 119 15 Previously in trend: Anti-epidemic measures and restrictions
Zelenskyi tables bill to support businesses during lockdown Ukrainian President Volodymyr Zelenskyi has registered in the Verkhovna Rada the bill No. 4429 "On Social Support for Insured Persons and Business Entities for the Period of Restrictive Anti-Epidemic Measures Introduced to Prevent the Spread in Ukraine of the Acute Respiratory Disease COVID-19 Caused by the Coronavirus SARS-Co V-2," according to the website of the Ukrainian parliament. 2 256 20 Previously in trend: Anti-epidemic measures and restrictions
Zelenskyi announces new package of assistance to business in case of lockdown President of Ukraine Volodymyr Zelenskyi has said that in the near future, bills will be introduced to parliament on helping businesses and citizens in quarantine conditions, in particular, on one-time financial assistance. 20 277 176 Previously in trend: Anti-epidemic measures and restrictions
Vladimir Manukian: The state should support socially oriented business. When Ukraine faced difficulties, business came to help. 239 0
Rallies outside Cabinet: Businessmen demand quarantine easing, equal rules. PHOTOS Businessmen are rallying outside the Cabinet of Ministers in Kyiv, demanding that the government end the national quarantine on May 1 to give small businesses a chance to survive. 22 130 159
One third of small, micro businesses in Ukraine to reduce number of employees 29% украинских компаний приостановили свою деятельность на период карантина, 6% полностью закрыли свой бизнес. 16 075 124 Previously in trend: Anti-epidemic measures and restrictions
"Vlast Deneg" Magazine Named the 25 Most Successful Ukrainian Brands The magazine has published a list of the 25 most successful Ukraine-based brands, which includes companies from various economic sectors. 244 0
Ukraine wants to see big investment - Zelenskyi. PHOTO President of Ukraine Volodymyr Zelenskyi has met with Israeli businessmen in Jerusalem and called on them to invest in Ukraine. 20 927 204
Zelenskyi signs law reducing pressure on businesses Ukrainian President Volodymyr Zelenskyi has signed law No. 367-IX introducing amendments to certain legislative acts of Ukraine on the easing of pressure on businesses by market surveillance authorities, which the Verkhovna Rada approved on December 12, 2019, according to the website of the head of state. 2 797 18
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