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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.
TOP news business
Regulatory agencies to be liquidated by tomorrow, - PM Hroisman announces new regulatory bodies system in Ukraine A new system of regulatory bodies will appear in Ukraine. 150 724 130
"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. 112 703 297 Previously in trend: Occupied territories - Crimea and Donbas
Businessman from mayor Kernes' circle shot dead in Kharkiv. PHOTOS+VIDEO This morning in Kharkiv, local businessman Yurii Dyment was shot dead. 96 038 127
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. 95 287 647
Law abolishing stamps on documents comes into force The bill provides for abolishing of obligatory use of stamps for business. 86 790 119
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. 77 886 126 Previously in trend: Abromavicius-Kononenko scandal
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. 72 739 1 498
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. 71 417 399
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. 68 113 81
Deputy governor's family store guarded by 'DPR' militants. VIDEO Boutique store She&He, which belongs to family of the deputy governor of the Donetsk region Oleksandr Klymenko, operates in regular mode in Donetsk. 61 800 53
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). 60 702 136
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. 60 600 1 088 Previously in trend: Presidential election 2019
Liquidation of Roshen factory in Lipetsk launched, lay-offs underway The employees of the Roshen confectionery factory in Russia's Lipetsk are being discharged. 59 092 155
Rada adopts law amending regulations on auditing companies The new bill introduces an Internet-based register of audits to record scheduled and random checks, as well as their initiators, causes, findings, and results. 57 457 39
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. 55 054 182
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. 53 241 78 Previously in trend: New Cabinet
SBU officers wearing masks are raiding Gulliver Business Center. PHOTOS Ukraine's Security Service (SBU) is raiding one of corporate offices in Gulliver Business Center at Sportyvna Square in Kyiv. 51 519 36
Vessels involved in preventing Ukrainian ships from passing through Kerch Strait belong to persons running business in Ukraine, - InformNapalm. PHOTOS The Neyma tanker and tug boats Bystryi, Gandvik and Eltigen, which were deployed near the Kerch Strait bridge's arc to block the passage of Ukrainian ships, belong to individuals doing business in Ukraine. 50 658 61 Previously in trend: Russian aggression against Ukraine Azov Sea blockade
Terrorists Shot a Businessman from Antratsyt, Blogger Reports Today the terrorists shot dead businessman Alexander Petrenko in the Luhansk region. 49 372 57
Finance Minister Danyliuk confirms directorship in three offshore companies Finance Minister Oleksandr Danyliuk has confirmed being CEO in three companies abroad. 48 916 129
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. 48 730 343 Previously in trend: Shadow economy
Kremlin Held Secret Talks with Representatives of German Business Representatives of the two countries were engaged in discussion of economic relations during a meeting. 41 055 212 Previously in trend: Sanctions against Russia
Interpol tells member states to ignore Russia's attempts when it pursues its interests through organization Interpol rejected Russia’s request to arrest Hermitage Capital Management founder Bill Browder. 38 929 50
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. 35 705 329
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. 35 219 609
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. 33 701 85
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. 33 526 189 Previously in trend: Going abroad under age of 25
Kyiv police chief says professional activities are major version of businessman murder Police investigators believe that the businessman who was shot dead in his car in downtown Kyiv on March 8 could have been hit over his professional activities. 33 511 30 Previously in trend: Police workdays
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. 32 714 406
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." 26 927 100
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. 25 754 220
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. 24 658 194
Censor.NET launches BusinessCensor economic section Today, March 17, Censor.NET launches its economic section BusinessCensor (in Russian). The project is led by Serhii Holovniov, who previously worked for INSIDER and Forbes Ukraine. 24 094 64
Ukraine listed 83rd in Doing Business 2016 rating, - World Bank Group The country has gone up from the 87th position in the 2015 list. 23 669 139
Deshchytsia offered to help businesses by reducing all governing regulations. The Ministry of Economic Development agreed to a ‘guillotine’ Ambassador of Ukraine to Poland Andrii Deshchytsia proposed to shorten a large number of regulations that govern businesses in Ukraine. Deputy Head of the Economic Development and Trade Ministry Yuliia Klymenko is not so optimistic on the issue. 23 663 60
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. 22 934 82
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. 22 177 159
"Smuggling is protected by incumbent law enforcers," – PM Hroisman Cabinet approved amendments to the bill restricting raids on businesses dubbed "maski-shou stop" 21 815 69
Well-known businessman gunned down in Kherson yesterday, his bodyguard shot and injured. PHOTOS An unknown attacker fired several shots at local residents in the Dniprovskyi district of Kherson last night. One of the victims received fatal injuries. 21 276 43
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. 20 974 204
"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. 20 815 121
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. 20 307 176 Previously in trend: Anti-epidemic measures and restrictions
Cabinet wants to reduce the number of administrative services by six times The Cabinet of Ministers is ready to support the proposal of the Economic Development and Trade Ministry on reducing the number of administrative services by six times – down to about 500 services. 19 645 48
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. 18 656 102
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. 17 651 76
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. 17 450 117
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. 17 377 549 Previously in trend: Presidential election 2019
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. 17 113 143
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