Business

Ukraine International Airlines lays off 1,000 workers to cut losses

Ukraine’s flagship air carrier, Ukraine International Airlines (UIA), has laid off nearly half of its staff — 1,000 employees out of 2,560 — to …
Natalia Datskevych

What is the secret of BDO Centers’ success as a groundbreaking in-house consulting group?

In 2017 there was nothing.  Now in 2020, BDO Centers has distinguished itself as a highly effective and successful consulting group. This new …
BDO Centers LLC

CNBC: Warren Buffett recommended these 4 books to learn about investing

A few years ago at a dinner, Trey Lockerbie, founder and CEO of kombucha company Better Booch, met billionaire Warren Buffett. He took the opportunity …
CNBC

Wall Street Journal: COVID-19 propelled businesses into the future

Spurred by the pandemic, business changes that normally might have taken years unfolded in months. Now, shifts that began as temporary fixes are …
Wall Street Journal

UNIAN: Hryvnia gets stronger against US dollar

The National Bank of Ukraine (NBU) has set the official forex rate for Dec. 28 at Hr 28.35 to the U.S. dollar, which let the country’s national …
UNIAN

The new special economic zone for IT business in Ukraine:“Diia city” in details

The new ambitious project of the Ukrainian government “Diia City” has been presented in the summer of this year as a concept of a special legal …
GOLAW Law Firm

UIA transports 4 times less passengers in 2020

According to preliminary results, Ukraine International Airlines (UIA) carried 1.787 million passengers from January to December, which is four times …
Interfax-Ukraine

Energy giant Ukrnafta settles multimillion dollar debt with state

Ukraine’s largest oil producer Ukrnafta controlled by the state and connected to oligarch Ihor Kolomoisky is no longer the country’s largest tax …
Natalia Datskevych

Ukrzaliznytsia reaches growth of freight traffic

JSC Ukrzaliznytsia has overcome the negative trend towards a decrease in the volume of cargo transportation and reached its growth, the press service …
Interfax-Ukraine

Ukrainian delivery service Raketa rebrands, enters foreign markets

Ukrainian delivery service Raketa has changed its name to Rocket to make it it work on foreign markets as it started operating in Nicosia, the capital …
Liza Semko

How to avoid unpleasant surprises with arbitral award

The globalization of markets and capital has led to the complication and internationalization of Ukrainian business. It is already a rarity when a …
LCF Law Group

Businesses adapt to harsher reality

In 2020, whatever didn’t kill business, made it stronger – or at least that’s what owners hope. Those who survived also adapted. They switched online, …
Liza Semko

On the way to technological transformation – the story of Kyivstar

Kyivstar forges ahead with new model of business to harness opportunities of the digital revolution. The world is changing, fast. Indeed, in modern …
Kyivstar

International European University was opened in Kyiv

On December 21, the capital of Ukraine hosted a major event, the presentation of the great educational project called ‘University of the Future.’ The …
International European University

UNIAN: Poor harvest affects Ukraine’s GDP

The National Bank of Ukraine (NBU) says the grain harvest in 2020, which was below the target and down against the figure reported in 2019, has …
UNIAN

Ukraine to bring loan of up to $350 million from Deutsche Bank by end of 2020

Ukraine will bring a short-term loan of up to $350 million from Deutsche Bank until the end of 2020, according to the Cabinet of Ministers’ resolution …
Interfax-Ukraine

Recently created United Energy LLC wins auction to develop manganese ore deposit

United Energy LLC (Kyiv) has won an electronic auction for the sale of a special permit for the development of the Pokrovsky site of manganese ore, …
Interfax-Ukraine

Shrinking 5%, economy does better than expected in 2020

Fighting the pandemic-induced economic recession, Ukraine has taken hard punches but managed to avoid a knockout blow. The country’s biggest stroke of …
Natalia Datskevych
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