business
Editor’s note: This is issue 69 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Aug. 12- Aug. 18, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and soft commitments in the memorandum with the IMFDraft laws on increasing taxes and defense expenditure were postponed until the beginning of September. In August, Ukraine's Parliament, the Verkhovna Rada, will not consider draft la...
Kyiv Independent (CA)
The following is the Aug. 13, 2024 edition of our Ukraine Business Roundup weekly newsletter. This version is condensed as the author was out of the office. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. While most businesses around the world worry about their bottom lines, businesses in Ukraine have what appears to be an ever-growing list of concerns the longer Russia’s war goes on: missile and drone attacks, mobilization, migration abroad, lack of foreign investment, and a tight labor market. Late last week, Russia struck a supermarket in th...
Kyiv Independent (CA)
An arbitration court in St. Petersburg ruled to freeze the assets of Linde Russia U.K. Limited, a subsidiary of German-based Linde chemical company, Radio Free Europe/Radio Liberty (RFE/RL) reported on Aug. 14, citing Russian court documents. The decision came after Ruskhimalyans, a sanctionedsubsidiary of Russia's state-owned Gazprom, filed a lawsuit against Linde in March, demanding to recover more than 746 million euros ($822 million) and 30.71 billion rubles ($347 million) in debt. In its lawsuit, the Russian company claimed that it was impossible to enforce the upcoming court order at the...
Kyiv Independent (CA)
Editor’s note: This is issue 68 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from Aug. 5- Aug. 11, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and soft commitments in the memorandum with the IMFThe Finance Ministry tries to sabotage customs reform. Last week Serhii Marchenko, Ukraine's Finance Minister, presented the ministry’s vision of customs reform to G7 Ambassadors. The ...
Kyiv Independent (CA)
Editor’s note: This article is part of a series of profiles highlighting successful Ukrainian startups and businesses. The series is funded by the regional investment fund Ukraine-Moldova American Enterprise Fund (UMAEF) and created in partnership with Spend With Ukraine, a non-profit organization that launched a platform to showcase businesses with Ukrainian roots and provide one more meaningful way to support Ukraine – by choosing to spend with Ukraine. The series’ sponsors are not involved in the editorial process of the writing of these profiles. A sunflower inspired Yevgen Erik to reinven...
Kyiv Independent (CA)
A Ukraine-based eatery Lviv Croissants has opened its first U.S. location in Roswell, a suburb of Atlanta, on Aug. 10. Founded in Lviv in 2015, the chain has since expanded to over 180 stores across Ukraine, Poland, Slovakia and now the U.S. The store is primarily owned by Lviv Croissants corporate and Brett Larrabee, the CEO of Lviv Croissants USA, according to the Atlanta Journal-Constitution. Larrabee, who has nearly 40 years of experience in food franchising, mentioned that he and co-founder Andrii Halytskyi have long been eager to introduce Lviv Croissants to the U.S. Larrabee, who was in...
Kyiv Independent (CA)
Ukraine's Finance Ministry announced on Aug. 9 the terms of the exchange of old bonds for newly issued securities, launching the process of restructuring Ukraine's external debt on Eurobonds. Kyiv reached an agreement in principle with some of its creditors in late July to restructure the country's external debt, which amounts to around $23 billion. Ukraine struck a deal with creditors at the onset of the Russian full-scale invasion to postpone the payments due to the war's pressure on the country's economy. The deal to freeze payments of around $23 billion was set to expire on Aug. 1. Holders...
Kyiv Independent (CA)
Supermarket shelves go unstocked. Metro trains run less often. Large companies are freezing whole divisions. Factory employees take on overtime shifts to meet production. Projects to alleviate Ukraine’s energy crisis have been delayed. Across nearly every sector, Ukraine’s economy is feeling the same labor crunch that is squeezing its battlefront units, as companies face the reality that a large portion of their workforce has simply vanished. Some Ukrainians are fighting on the frontline, some are internally displaced, and millions more have moved abroad to flee the war. “I have been in HR for...
Kyiv Independent (CA)
Russia is on track for an intense economic slowdown due to significant labor shortages and constraints placed on the key sectors that backed growth until now, Bloomberg reported on Aug. 9. Labor resources are practically drained while the competition between the military and business for recruits becomes more fierce, the outlet writes. This is likely to limit the further growth of defense-related industries. The banking and construction sectors are no longer protected from the impacts of high interest rates as the government shuts down the state-subsidized mortgage programs. Despite Russia's G...
Kyiv Independent (CA)
The Hungarian government’s arguments against Ukraine’s sanctions on Russian oil company Lukoil are falling apart. Hungary accused Ukraine of “blackmail” and endangering its energy security after Ukrainian sanctions blocked Lukoil, Russia’s second-largest oil company, from transiting crude oil through the Druzhba pipeline in June. Hungary and Slovakia were exempt from the EU’s Russian oil sanctions in 2022, which made up 65-70% of supplies to Hungarian oil refiner Mol and its Slovakian subsidiary Slovnaft in May 2024. But Hungary’s panic-imbued rhetoric has fallen flat as country fails to find ...
Kyiv Independent (CA)
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら