Business / Exclusive

Leaders signal no big tax changes as elections dominate

Despite the president pushing for tax reform earlier, Ukraine’s plans to change its corporate tax system for 2019 have been shelved since the country …
Vyacheslav Hnatyuk

TIU Canada to build two new solar power plants in Odesa Oblast

TIU Canada is continuing to expand its renewables business in Ukraine, announcing on Jan. 24 that the company plans to build two new solar power …
Natalia Datskevych

Government tax agency going after unreported income

The State Fiscal Service of Ukraine, or SFS, is deepening its crackdown on unofficial employment, the government agency’s head Oleksandr Vlasov said …
Igor Kossov

PrivatBank announces record profits and prepares for privatization

PrivatBank, the largest bank in Ukraine, famous for its controversial history, published record profits of Hr 11.67 billion, or $417 million in …
Natalia Datskevych

TAS Group to acquire Kosmo pharmacy chain

The TAS Group’s pharmaceutical division, TAS Pharma, has agreed to acquire the Kosmo retail chain’s pharmacy business, currently controlled by …
Igor Kossov

Horizon Capital raises $200 million for its third Ukraine-focused fund, ‘largest in a decade’

Horizon Capital, a U.S. private-equity firm investing in high growth and export-driven companies in Ukraine and the near region, has closed its third …
Brian Bonner

Experts warn of relapse to corrupt ways in VAT refunds, customs checks (UPDATED)

Is Ukraine’s sickly economy at risk of a relapse? Anna Derevyanko, the executive director of the European Business Association, or EBA, is afraid …
Gabriel Hardy-Françon

Israeli ambassador: Free trade agreement with Ukraine ‘a good deal for both sides’ (VIDEO)

It’s an event years in the making. Over the weekend, Ukrainian President Petro Poroshenko will travel to Jerusalem on an official visit. Then on Jan. …
Matthew Kupfer

In Mumbai, Ukraine courts India for more trade and investment

A Ukrainian delegation to India from Jan 12-13 was tasked with boosting trade ties that remained strong through 2018, as India cemented its position …
Jack Laurenson

Ukrainian advertising enters 2019 trying to get back to 2013

Since 2016, the Ukrainian advertising market has been rebounding, with digital media showing the most promise. The market hit $625 million in 2018 and …
Natalia Datskevych

Ukraine to pay back nearly $15 billion in public debt in 2019

Ukraine will have to repay over Hr 1 trillion ($36 billion) in public debt over the next three years, with more than Hr 417 billion ($15 billion) due …
Oleksiy Sorokin

Ukraine drops to 5th place among top agricultural exporters to EU

Ukraine has dropped one position in the top 20 agricultural exporters to the European Union based on monetary value, and is now in fifth position, …
Natalia Datskevych

Milestone laws to be adopted for Ukraine’s stable growth

The year 2019 will keep Ukrainian MPs busy seeking re-election for themselves and supporting their favorite presidential candidate. Therefore, experts …
Vyacheslav Hnatyuk

IMF: Ukraine faces modest economic growth as it suffers from major reform delays

On Jan. 8, the International Monetary Fund released a 111-page economic report on Ukraine, following the approval of a 14-month stand-by agreement on …
Oleksiy Sorokin

Ukraine and UK to start talks about new trade agreement

Ukraine’s Economy Ministry is expecting to start official negotiations with the United Kingdom concerning a new cooperation and trade agreement …
Oleksiy Sorokin

Ukrainian ATMs to begin offering dollars and euros

ATMs and post offices across Ukraine can begin dispensing U.S. dollars and euros from Feb. 7, as the liberalization of the country’s foreign currency …
Jack Laurenson

Multiplex cinema chain plans to grow by a third

Seeking to capitalize on Ukrainians never-ending love of cinema, the country’s largest movie theater chain, Multiplex, is to expand its network across …
Jack Laurenson

Ukrainian tourists bring life to Egypt’s troubled Sinai resorts

SHARM EL SHEIKH, Egypt – On a freezing morning in late December at Kyiv’s Zhuliany international airport, the departure schedules are packed with …
Jack Laurenson
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