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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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Zelenskyi owns movie business in Russia though he claimed its termination in 2014, - Skhemy project Showman Zelenskyi, who runs for president in Ukraine, still owns movie business in Russia though he claimed to have closed it back in 2014. 72 634 1 498
Zelenskyi responds to exposing Skhemy probe: "We work solely in Ukraine" Showman Zelenskyi, who runs for president in Ukraine, has responded to the Skhemy project probe into his business in Russia. 60 523 1 088 Previously in trend: Presidential election 2019
About 100,000 entrepreneurs will be obliged to use cash registers, Finance Ministry says 96,700 self-employed individuals, who are working under the rules of the third group of single tax payers, must be using cash registers effective July 1, 2015 in accordance with amendments to the tax code, which will reduce the amount of infringing merchandise. 95 246 647
Kvartal-95 co-owner believes agreeing with Russia to end war possible, calls for limiting language requirements Co-owner of Kvartal-95 group Borys Shefir has said that if there is a strong desire it is possible to agree with Russian officials to end the war in Donbas. 35 162 609
Zelenskyi claims withdrawal from Cyprus company owning movie business in Russia Showman Volodymyr Zelenskyi said he is to withdraw membership in Green Family LTD company, which owns movie production company Green Films in Russia. 17 327 549 Previously in trend: Presidential election 2019
Zelenskyi wants to meet with business representatives Ukraine’s president-elect Volodymyr Zelenskyi has invited business representatives to meetings and stated that relations with entrepreneurs will be transparent during his presidency. 32 664 406
Poroshenko calls on Ukrainian business to raise salaries by 20-30 percent President Petro Poroshenko urged Ukraine's business representatives to increase the salaries of Ukrainians by 20-30 percent due to the unified social tax reduction to 22 percent starting this year. 71 315 399
One in four employed Ukrainians avoid paying taxes, social policy minister says Four out of 16 million Ukrainian jobholders avoid paying taxes to the state budget. 48 645 343 Previously in trend: Shadow economy
Poroshenko of his business: It's hard to sell, but I have high hopes President of Ukraine Petro Poroshenko announced some "important news" in the nearest future regarding sales of his assets. 35 662 329
"No more occupation! Russia wrestles away what we earned in Ukraine!" - Sevastopol entrepreneurs complain about pressure on business in Crimea. PHOTOS Entrepreneurs of the annexed Sevastopol complain about the pressure the Russian officials exert on business and recall the incomes they received before Crimea annexation. 112 631 297 Previously in trend: Occupied territories - Crimea and Donbas
Yatseniuk urged business to come out of the shadows Prime Minister of Ukraine Arsenii Yatseniuk called on the Ukrainian business to come out of the shadows and start paying legal wages to employees. 25 706 220
Kremlin Held Secret Talks with Representatives of German Business Representatives of the two countries were engaged in discussion of economic relations during a meeting. 41 037 212 Previously in trend: Sanctions against Russia
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
Ukraine has improved in Doing Business ranking by 16 positions -Yatseniuk Despite the fact that Ukraine is having military economy and the government and the country are actually in a state of war, the government continues carrying out the reforms and changes which are much needed, so that over the certain period of time the economic situation could stabilize. 24 637 194
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
Poroshenko praises work of National Bank regarding stabilization of situation in financial sector President of Ukraine Petro Poroshenko took part in the European Business Association Forum "President and Business: Frank Dialogue". 10 194 189
Shufrych and Rudkovskyy "Opted Out" of Profitable Gas Business in Favor of Yanukovych Family Shufrych and Rudkovskyy decided to "share" with friends of Yanukovych Jr. – Naftogazvydobuvannia (Oil and Gas Production) went under control of the partner of Viktor Yanukovych junior. 55 039 182
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
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
Liquidation of Roshen factory in Lipetsk launched, lay-offs underway The employees of the Roshen confectionery factory in Russia's Lipetsk are being discharged. 59 056 155
Canada-Ukraine Free Trade Agreement is recognition of Ukraine's reform progress, - Poroshenko President of Ukraine Petro Poroshenko commented on the ratification of the Canada-Ukraine Free Trade Agreement (CUFTA). 10 458 154
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
Ukraine climbs seven spots in Doing Business ranking Ukraine has climbed seven spots in the Doing Business 2020 investment attractiveness rating, which is published annually by the World Bank, to place 64th among 190 countries 7 809 150
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
Ukraine listed 83rd in Doing Business 2016 rating, - World Bank Group The country has gone up from the 87th position in the 2015 list. 23 646 139
Air Liquide to leave Ukrainian market Air Liquide is no longer able to continue its remaining activities in the Donets region as the 'DPR' established its administrative control over some Ukrainian companies (including Air Liquide Yenakiieve). 60 662 136
Finance Minister Danyliuk confirms directorship in three offshore companies Finance Minister Oleksandr Danyliuk has confirmed being CEO in three companies abroad. 48 877 129
Businessman from mayor Kernes' circle shot dead in Kharkiv. PHOTOS+VIDEO This morning in Kharkiv, local businessman Yurii Dyment was shot dead. 95 967 127
Journalists unveil ties between Poroshenko and Kononenko. VIDEO In the context of the scandal with resignation of Economy Minister Aivaras Abromavicius, journalists recalled the luxurious land plots in the Pechersk district of Kyiv acquired through mazy transactions by President Petro Poroshenko and First Deputy Head of the Poroshenko Bloc parliamentary faction Ihor Kononenko. 77 853 126 Previously in trend: Abromavicius-Kononenko scandal
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
"We made our step. Now I want to see business make its," - Yatseniuk on necessity to increase salaries The Cabinet of Ministers of Ukraine expects business to make specific steps to increase wages to employees in the face of cutting unified social tax. 20 798 121
Law abolishing stamps on documents comes into force The bill provides for abolishing of obligatory use of stamps for business. 86 738 119
Business in Ukraine can be registered within 24 hours from now on, - Cabinet The system of simplified registration of legal entities in the Pension Fund, State Fiscal Service, and State Statistics Service within 24 hours has been launched in Ukraine. 17 439 117
Austrian business mission agreed to be sent to Ukraine President of Ukraine Petro Poroshenko had a meeting with Federal President of the Republic of Austria Heinz Fischer in the premises of the UN General Assembly in New York. 8 875 117
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
PM Hroisman says EY should underpin putting Ukraine on top of corruption list Prime Minister Volodymyr Hroisman doubts the credibility of the ranking published by the international audit and consulting company Ernst & Young, where Ukraine ranks 1st in terms of corruption in business. 18 631 102
Bill on amendments to Tax Code signed by Poroshenko President Petro Poroshenko has signed the bill "On amendments to the Tax Code of Ukraine in part of improving investment climate in Ukraine." 26 906 100
Ukrainian and Belarusian enterprises sign contracts for more than half a billion dollars Ukrainian and Belarusian companies, enterprises, organizations signed contracts for more than half a billion dollars. 3 820 94
Rada endorses regulation preventing pressure on business The Verkhovna Rada of Ukraine has adopted a bill that provides for compulsory video recording of searches being conducted in the premises of business entities during a pretrial investigation. 33 663 85
Ukraine's president signs law limiting law enforcement pressure on business President of Ukraine Petro Poroshenko has signed the so called law "to ban masked inspections" that was earlier adopted by the parliament. The law amends some legislative acts to ensure observance of the rights of participants in criminal proceedings and other persons by law enforcement agencies during the pretrial investigation. 22 903 82
Ukrainian-made Delfast e-bike project raises $165,000 on Kickstarter. PHOTOS+VIDEO Delfast e-bike capable to cover a record breaking distance on a single charge that was developed in Ukraine has finished fundraising campaign on Kickstarter. The project has raised $165,800 which is three times more than its developers initially expected. It was crowd funded by 75 backers who preordered a total of 50 e-bikes. 68 060 81
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
Small, medium-sized businesses should have access to feasible loans, PM Hroisman says Prime Minister of Ukraine Volodymyr Hroisman expects the National Bank of Ukraine to take dramatic and resolute steps to restart lending of the small and medium-sized businesses. 5 817 80
President signs law reducing pressure on businesses Ukrainian President Volodymyr Zelenskyi has signed a law introducing amendments to the Criminal Code of Ukraine and the Criminal Procedure Code of Ukraine on reducing pressure on businesses. 11 614 79
Government Promises Two-Year Tax Holiday for Small and Medium Businesses The government’s action program within the the new economic policy provides for a two-year tax break for small and medium-sized businesses. 53 222 78 Previously in trend: New Cabinet
Ukraine launches online business registration service today The Ministry of Justice of Ukraine and State E-Governance Agency kick off new electronic state registration service from March 1. 17 632 76
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
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
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