ukrainianbusiness

Thursday, November 21

A relocated metal packaging manufacturer will soon open a plant in the Ternopil region.

A relocated metal packaging manufacturer will soon open a plant in the Ternopil region. Andrii Nemtsev, co-founder of the Favor company, relocated his operation from Sumy Oblast to Ternopil Oblast, and the construction of a new tin packaging factory in Ternopil Oblast, which began in May...

Thursday, November 7

A Ukrainian manufacturer of non-ferrous metal products launches a €19M cable production plant in Poland.

A Ukrainian manufacturer of non-ferrous metal products launches a €19M cable production plant in Poland. One of the largest producers of non-ferrous metal products in Ukraine, Electro Cable Group, launched a cable production plant in the Polish city of Zabrze in June. The key argument in Poland’s f...

Wednesday, November 6

Ukraine’s investment climate shows signs of improvement.

Ukraine’s investment climate shows signs of improvement. Ukraine’s investment attractiveness index increased to 2.49 points in 2024 (out of a possible five) from 2.44 points in 2023, according to a survey by the EBA, in which 80 top managers of intern...

Monday, November 4

Ukrainian businesses continue to expand despite the war: What new shops and restaurants opened in Ukraine last week?

Ukrainian businesses continue to expand despite the war: What new shops and restaurants opened in Ukraine last week? Retailer Varus returned to the development of its network in the Kyiv region, and on November 2 the company opened its first supermarket in the Varus Home format in Bilogorodka. The new store became t...

Friday, November 1

Croatian Orbico acquires a controlling interest in one of the largest Ukrainian distributors of food and goods.

Croatian Orbico acquires a controlling interest in one of the largest Ukrainian distributors of food and goods. General Director of Sav Orbico, Andrii Makhovskyi, announced that Croatian company Orbico Group bought a controlling stake (51%) in one of the largest Ukrainian distributors of everyday goods, Savserv...

Through a digital investment portal, KSE and the Ministry of Economy seek investors for projects worth €2.1B.

Through a digital investment portal, KSE and the Ministry of Economy seek investors for projects worth €2.1B. Thirty-one new projects representing a total amount of €2.1B have been added to Ukraine’s investment portal, created by the Ministry of Economy and the Kyiv School of Economics with support from...

Thursday, October 31

Businesses have named key conditions for participation in Ukraine’s reconstruction projects.

Businesses have named key conditions for participation in Ukraine’s reconstruction projects. Olena Shulyak, the head of the Parliamentary Committee on Regional Development, said that Ukrainian businesses are willing to join the reconstruction and restoration processes in Ukraine. The most com...

Wednesday, October 30

UMAEF launched a $50M investment program for Ukrainian businesses.

UMAEF launched a $50M investment program for Ukrainian businesses. Ukraine-Moldova American Enterprise Fund (UMAEF) has announced the launch of a new $50M direct investment program to support small and medium-sized enterprises (SMEs) in Ukraine and Moldova. The progr...

Friday, October 25

Ukraine records a business boom despite the war, but challenges remain.

Ukraine records a business boom despite the war, but challenges remain. One in six Ukrainian entrepreneurs started their current business after the start of the full-scale war. As well, 66% of them had no previous business experience, according to the Mastercard SME Index...

Most Ukrainian businesses invest in building their energy independence.

Most Ukrainian businesses invest in building their energy independence. According to EBA research, this summer’s power outages affected the operations of 87% of companies in Ukraine. Among the companies surveyed, 67% had to suspend work, 60% had increased production...

Tuesday, October 22

Ukrainian businesses are ready to work in the EU: What forecast do entrepreneurs give regarding the terms of Ukraine’s accession?

Ukrainian businesses are ready to work in the EU: What forecast do entrepreneurs give regarding the terms of Ukraine’s accession? 31% of the member companies of the EBA believe that they are fully ready to operate in the EU currently, 38% are primarily ready, 26% are partially prepared, and only 5% are not ready. 71% of companie...

Friday, October 18

Despite the challenges of the war, the size of the average deal in the Ukrainian M&A market continues to grow.

Despite the challenges of the war, the size of the average deal in the Ukrainian M&A market continues to grow. According to KPMG, activity in the Ukrainian M&A market has remained stable for the second year in a row, indicating cautious investor confidence despite the ongoing war. In the first nine months ...

Monday, October 7

The Astarta and Bukovel projects will be the first to receive state support under Ukraine’s investment program.

The Astarta and Bukovel projects will be the first to receive state support under Ukraine’s investment program. The Cabinet of Ministers approved the signing of two special investment contracts within the framework of the support program for projects with significant investment, known as the investment nanny. T...

Monday, September 23

AmCham and Deloitte survey results: How businesses in Ukraine are preparing for winter.

AmCham and Deloitte survey results: How businesses in Ukraine are preparing for winter. The vast majority (88%) of 139 companies, operating in various sectors of the Ukrainian economy, that participated in the survey are prepared for long-term power outages. 33% can provide their own ene...

Tuesday, September 10

The National Bank eased currency restrictions for businesses starting September 10.

The National Bank eased currency restrictions for businesses starting September 10. Beginning on September 10, Ukrainian businesses will be able to: Purchase and transfer foreign currency to cover carbon dioxide emissions. State-owned enterprises can buy currency and transfer it to ...

Grant support for businesses: What is being offered to light industry and eco-startups?

Grant support for businesses: What is being offered to light industry and eco-startups? To strengthen the competitiveness of Ukrainian enterprises and develop the economy, the USAID Program will provide enterprises in the textile industry with equipment to expand production. Businesses m...

Monday, September 9

Transcarpathia is turning into an economic hub; what makes the region attractive for businesses?

Transcarpathia is turning into an economic hub; what makes the region attractive for businesses? As of July, more than 80,000 entrepreneurs worked in Zakarpattia Oblast. During the war, the number of entrepreneurs has increased by more than 6,000, which indicates favorable conditions for economic...

Friday, September 6

One of Ukraine’s largest woodworking enterprises exports products for French winemakers and has continued to develop during the war.

One of Ukraine’s largest woodworking enterprises exports products for French winemakers and has continued to develop during the war. Wood International from Khust (Transcarpathia region) manufactures oak rivets (a barrel fastening component) and alternative products for aging wine, spirits, and beer. The primary sales market for th...

The business community offers an alternative to increasing taxes in Ukraine.

The business community offers an alternative to increasing taxes in Ukraine. Members of the European Business Association hope that instead of drafting laws to raise taxes for businesses, the government can find other solutions to fund the budget, as the entire burden of the p...

Thursday, August 15

Ukrainian businesses have begun to develop distributed generation; this provide for their needs and additional capacities for the power system.

Ukrainian businesses have begun to develop distributed generation; this provide for their needs and additional capacities for the power system. Ukrainian company Energo-Plus plans to purchase a closed thermal power plant with a capacity of 60 MW in a neighboring country and transport it to Ukraine. The project will cost approximately €50M. Th...

Monday, August 12

Ukrainian small and medium-sized businesses will receive €7B in international aid.

Ukrainian small and medium-sized businesses will receive €7B in international aid. Last week, the first meeting of the Small and Medium Business (SME) Sustainability Alliance, created in June during URC-2024 with the participation of Ukraine, 12 other countries and 17 development in...

Entrepreneurs note a satisfactory business climate only in the west of Ukraine.

Entrepreneurs note a satisfactory business climate only in the west of Ukraine. Business conditions in other regions of Ukraine are assessed by companies as difficult, and only in the Western region do most entrepreneurs consider them satisfactory, according to a survey by the Eu...

Friday, August 2

Despite declines in attendance and the electricity shortage, restaurant industry revenue increases by 16%.

Despite declines in attendance and the electricity shortage, restaurant industry revenue increases by 16%. According to the Poster POS company, restaurant turnover in January-June compared to the corresponding period in 2023 increased by 16%, and the average check, due to price increases, increased by 13% ...

The business community has softened its negative expectations; the construction sector feels the most confident.

The business community has softened its negative expectations; the construction sector feels the most confident. The Business Activity Expectation Index (BAEI) increased to 44.4 in July from 43.6 in June but is still below this year’s high of 52.3, recorded in April. Adaptability to energy supply problems,...

Wednesday, July 31

The NBU: Profitable Ukrainian companies do not use bank loans.

The NBU: Profitable Ukrainian companies do not use bank loans. Bank loans are not utilized by operationally profitable companies, which account for about 66% of their total operating profits, NBU data shows. In 2023, 8.6% of companies that borrowed money from Ukr...

Tuesday, July 30

After currency liberalization in May, companies’ demand for currency increased to $322M.

After currency liberalization in May, companies’ demand for currency increased to $322M. Forbes has calculated that the additional demand for currency following the introduction of a large currency liberalization program in May amounted to $322.6M. During the liberalization’s introd...

Ukraine will launch a feedback platform for government services.

Ukraine will launch a feedback platform for government services. The Ministry of Economy announced the launch of beta testing for Pulse, an online platform designed to collect feedback from businesses and interact with the state. It is noted that the platform’...

Thursday, July 25

How does a business assess its state and prospects?

How does a business assess its state and prospects? The number of EBA member companies operating at full capacity has decreased from 78% to 64% compared to the beginning of the year. In particular, 45% of the surveyed top managers assess their business...

Tuesday, July 23

International partners offer development grants to Ukrainian businesses.

International partners offer development grants to Ukrainian businesses. The Norwegian Nansen Grant Program opened a competition for projects from Ukrainian agricultural producers and processing enterprises. The competition aims to promote investment-ready projects, partic...

Monday, July 22

Ukrainian and Polish businesses sign a cooperation agreement in Warsaw.

Ukrainian and Polish businesses sign a cooperation agreement in Warsaw. More than 200 representatives of Ukrainian and Polish businesses met in Warsaw as part of the Business in the City event. The parties signed an agreement on cooperation between Diia.Business in Warsaw...

Wednesday, July 3

The NBU’s currency restrictions threaten defaults in the corporate sector and an increase in the cost of loans to the state.

The NBU’s currency restrictions threaten defaults in the corporate sector and an increase in the cost of loans to the state. Oleksandr Vodoviz, the top manager of the Metinvest group, noted: “The largest easing package was introduced in May 2024: businesses were allowed to take foreign currency abroad to pay loans and...

Tuesday, June 25

Ukrainian small and medium-sized businesses strive to develop abroad to maintain efficiency.

Ukrainian small and medium-sized businesses strive to develop abroad to maintain efficiency. Faced with an increasing number of macroeconomic challenges, small and medium-sized businesses (SMEs) in Ukraine are resorting to using artificial intelligence technologies, supplier diversification, ...

Monday, June 24

Government experts advise Ukraine to build economic clusters and underground factories protected by air defense to accelerate its economic development.

Government experts advise Ukraine to build economic clusters and underground factories protected by air defense to accelerate its economic development. Experts from the Advisory Council on Economic Policy believe that Ukraine should build economic clusters protected by air defense systems and, closer to Russia, hide factories underground. They see th...

Since the beginning of the year, Ukraine’s GDP has grown by 4.3%.

Since the beginning of the year, Ukraine’s GDP has grown by 4.3%. According to the Ministry of Economy, in May 2024 Ukraine’s GDP increased by 3.7%, and in January-May 2024, by 4.3%. GDP growth continued thanks to high export rates supported by the stable oper...

Tuesday, June 18

Metallurgy and energy: key investments of Ukrainian business in the EU.

Metallurgy and energy: key investments of Ukrainian business in the EU. The total amount of Ukrainian investment in Poland has already reached more than €1B, while last year, more than 300 Ukrainian companies started operating in Romania. In general, businesses from Ukrai...

Thursday, June 13

Ukraine and more than 30 international partners have created the Small and Medium Business Sustainability Alliance and will contribute more than €7B.

Ukraine and more than 30 international partners have created the Small and Medium Business Sustainability Alliance and will contribute more than €7B. In particular, Austria, Canada, Estonia, Germany, Japan, Luxembourg, the Netherlands, Norway, Spain, Switzerland, Britain, the EU, the World Bank, USAID, The Council of Europe Development Bank, the EB...

Tuesday, June 11

How is the retail market in Ukraine doing in the third year of the war?

How is the retail market in Ukraine doing in the third year of the war? Comfy, one of Ukraine’s largest retailers of household appliances and electronics, continues to scale its business. The retailer opened its first store in Berdychiv (Zhytomyr Region) with a tota...

Tuesday, June 4

Businesses in Ukraine are increasingly threatened by a lack of workers, not war.

Businesses in Ukraine are increasingly threatened by a lack of workers, not war. Mobilization in Ukraine has led to the significant draining of personnel from the Ukrainian economy. In addition, more than six million people have fled the war, and many men work in the shadow econom...

In the first quarter, the profits from large and medium Ukrainian businesses reached ₴319.6B, and the share of unprofitable enterprises decreased to 26.7%.

In the first quarter, the profits from large and medium Ukrainian businesses reached ₴319.6B, and the share of unprofitable enterprises decreased to 26.7%. According to the State Statistics Service, large and medium-sized enterprises generated a positive financial result before taxation for the first quarter of 2024. It amounted to ₴253.6B, compared to ₴...

Tuesday, May 28

The largest pharmaceutical company in Ukraine received €12M from Ukrainian and Latvian banks to construct a plant in Spain.

The largest pharmaceutical company in Ukraine received €12M from Ukrainian and Latvian banks to construct a plant in Spain. Thanks to the West Bridge program, Ukrainian businesses continue to develop in EU countries. Another of the program’s significant projects is financing a new pharmaceutical plant for the largest Ukrai...

Friday, May 24

Ukrainian businesses cite the risks of discontinuing currency liberalization measures.

Ukrainian businesses cite the risks of discontinuing currency liberalization measures. As stated by analysts, the continuation of currency liberalization is absolutely necessary. Expanding the established limits and conditions for paying dividends and interest on existing debts remains ...

Friday, May 17

The EBRD will provide ProCredit Bank with a €70M guarantee for lending to Ukrainian businesses.

The EBRD will provide ProCredit Bank with a €70M guarantee for lending to Ukrainian businesses. The European Bank for Reconstruction and Development will provide guarantees for Ukrainian ProCredit Bank sufficient to support €70M in new lending for small and medium-sized enterprises. The EBRD gua...

Thursday, May 16

How will the EU’s Ukraine Investment Framework program work?

How will the EU’s Ukraine Investment Framework program work? The Ukraine Investment Framework (UIF) is an investment tool of the Ukraine Facility program, which is designed to mobilize investment for Ukraine’s recovery and development. Funding under this instru...

Thursday, May 9

What grants are international partners offering to Ukrainian businesses?

What grants are international partners offering to Ukrainian businesses? In Ukraine, the DRG4Food competition continues to provide grants for the implementation of innovations in the food industry. Its main goal is to promote the development and testing of responsible data...

Wednesday, May 8

Horizon Capital has raised $350M in investments for Ukrainian companies: Where and how much do they plan to invest?

Horizon Capital has raised $350M in investments for Ukrainian companies: Where and how much do they plan to invest? The Horizon Capital Fund has raised $350M and is ready to invest in new companies, said Lenna Koszarny, CEO of Horizon Capital. She expects the fund’s portfolio to grow to at least 8-10 companie...

Tuesday, November 28

Which businesses in Ukraine have been most affected by the blockade of the Polish border?

Which businesses in Ukraine have been most affected by the blockade of the Polish border? The European Business Association noted: “Among the EBA members, different businesses had a negative impact from the strike on their operations. These are retailers and heavy industry enterprise...

Friday, September 29

The EBRD plans to increase support for Ukrainian businesses next year.

The EBRD plans to increase support for Ukrainian businesses next year. As the Minister of Economy of Ukraine, Yulia Svyridenko, reported after the meeting with the President of the EBRD, Odile Renaud-Basso, the bank is ready to participate in financing the demining of ag...

Friday, September 15

Ukrainian entrepreneurs need diplomatic support to export to 16 countries.

Ukrainian entrepreneurs need diplomatic support to export to 16 countries. These companies are in the food, dairy, beverage, textile, furniture, cosmetic, and IT industries, informs the Ministry of Foreign Affairs’ Nazovni service. The largest numbers of requests for d...

Friday, July 21

USAID plans to invest $230M in Ukrainian business.

USAID plans to invest $230M in Ukrainian business. The US Agency for International Development will work with Congress to accomplish this goal. USAID head Samantha Power said that the money should help companies comply with EU rules and export more go...

Friday, June 2

Luxembourg is interested in microfinancing Ukrainian businesses.

Luxembourg is interested in microfinancing Ukrainian businesses. During a video meeting the Minister of Economy of Ukraine, Yulia Svyridenko, and her colleague from the Grand Duchy of Luxembourg, Franz Fayo, discussed the restoration of Ukraine, humanitarian demini...

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