Business / Exclusive

IMF extends $5 billion credit to Ukraine, but expects stronger fight against corruption

The International Monetary Fund will lend up to $5 billion over the next 18 months to help Ukraine’s economy, which is expected to shrink by 8.2% this …
Alexander Query

Kolomoisky made millions selling Russian coal to state company in Ukraine, investigation alleges

Controversial Ukrainian oligarch Ihor Kolomoisky allegedly made money selling coal from Russia and Russian-occupied territories of eastern Ukraine to …
Alexander Query

Danone ad featuring Russian actor who shot at Ukrainian troops sparks outrage

A new ad by French dairy company Danone has sparked outrage among Ukrainian social media users for featuring a Russian actor who fired a heavy machine …
Alexander Query

Top manager of Antonov aviation manufacturer sacked after inspection

Oleksandr Donets, the director of legendary Ukrainian aviation manufacturer Antonov, has been fired following an in-depth inspection of the company, …
Illia Ponomarenko

Ukraine wins contract to repair Pakistan’s aerial refueling tankers

UkrSpetsExport, an arms trade company affiliated with Ukraine’s state-run defense production giant UkrOboronProm, has won a contract to repair the …
Illia Ponomarenko

Ukraine International Airlines to resume Kyiv-Odesa flights

Ukraine’s largest air carrier, Ukraine International Airlines (UIA), will relaunch regular air travel between Kyiv and Odesa starting from June 5. In …
Illia Ponomarenko

Antitrust body accuses Akhmetov’s DTEK of abusing its market power

Two subsidiaries of oligarch Rinat Akhmetov’s power producer DTEK have allegedly abused their market power, according to a preliminary conclusion …
Oleg Sukhov

PMHUB — a hall with a panoramic terrace and an open roof for events — opens in the center of Kyiv

To celebrate the opening of the venue, companies that present the most interesting event ideas will be able to hold events for free.   The new PMHUB …
PMHUB Kyiv Event Space

After returning to Ukraine, Forbes unveils 100 richest Ukrainians list

For the first time since 2016, the Ukrainian version of business magazine Forbes has presented its brand new list of the 100 richest Ukrainians in …
Illia Ponomarenko

Business Update: Pandemic not likely to affect Ukraine’s visa-free travel with EU

The COVID-19 pandemic will likely not affect the current visa-free regime between Ukraine and the European Union, a top European Commission official …
Jack Laurenson

New director appointed for Centrenergo in attempt to end oligarch’s control

After a grueling battle featuring judicial abuse and multiple bomb threats, state energy company Centrenergo is finally under new management.  The …
Igor Kossov

Business Update: Ukraine expects $5 billion IMF loan approval on June 5, first payment next day

Ukraine expects a $5 billion IMF loan to be approved on June 5, Prime Minister Denys Shmyhal has said in an interview with Reuters. The first tranche …
Jack Laurenson

Travel industry will need a long time to recover from COVID-19

The novel coronavirus outbreak of 2020 — the most rampant and deadly epidemic of this century — will likely be remembered for how quickly it spread …
Jack Laurenson

Business Update: Ukraine International Airlines moves to cut 900 jobs, country opens some EU borders

Ukraine International Airlines (UIA) has started the process of firing 900 of its employees, and plans to reduce the size of its long-haul fleet, UIA …
Jack Laurenson

Farmers rail against quotas on fertilizer imports

Quotas on fertilizer imports would bleed Ukrainian agriculture dry to enrich oligarchs, protesters came out to tell the Cabinet of Ministers.  A rally …
Igor Kossov

Ukraine should use crisis as opportunity to modernize its economy (VIDEO)

Ukraine has the resources to overcome the global financial crisis caused by COVID-19 and, in fact, should use it as an opportunity to leap forward, …
Alexander Query

Business Update: Kyiv to lift more lockdown restrictions, railway ticket offices open

The Ukrainian capital Kyiv is to open hotels, shopping and leisure centers on May 30. Shopping and entertainment centers in Kyiv will start operating …
Jack Laurenson

Crisis on high: The DTEK story, as told by Maxim Timchenko

When DTEK is doing well, Maxim Timchenko says he doesn’t speak often with its owner, Ukraine’s richest billionaire oligarch, Rinat Akhmetov. When a …
Brian Bonner
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Igor Kossov
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