Ukrainian President Volodymyr Zelenskyy has revealed the staggering human cost of Russia’s invasion. During an interview with NBC News show “Meet the Press” broadcast on February 16, the Ukrainian leader stated that more than 46,000 Ukrainian soldiers have been killed since the start of the Russian invasion in February 2022. Zelenskyy confirmed that approximately 380,000 […]
Business Ukraine magazine
Posted inSecurity
Ukrainian long-range drones knock out 10% of Russia’s oil refining capacity, reports Reuters
Ukrainian long-range drone strikes have knocked out around 10% of Russia’s oil refining capacity since the start of 2025, according to new data from Reuters. Calculations by Reuters analysts based on oil industry trade figures covering the period from January to early February 2025 indicate that Ukraine’s drone offensive has disabled approximately one-tenth of Russia’s […]
Posted inInvestment
DTEK unveils wartime Ukraine’s largest investment with €450 million wind farm expansion
Ukraine’s largest private energy company DTEK has unveiled plans for the EUR 450 million expansion of its Tyligulska Wind Power Plant in Mykolaiv region close to southern Ukraine’s Black Sea coast. The news was announced at the World Economic Forum in January, and came after the Ukrainian energy giant reached a financing agreement with lenders […]
Posted inNews
Russian fuel exports declined in 2024 amid escalating Ukrainian drone strikes on refineries
Russian seaborne oil product exports fell by almost 10% during 2024, Reuters reports. Ukrainian long-range drone attacks caused damage at a number of major Russian refineries, while higher funding costs and a gasoline export ban imposed by the Kremlin to prevent domestic price hikes added to existing pressure from Western sanctions. Ukraine’s air offensive against […]
Posted inInterview
Saint Javelin: the remarkable rise of Ukraine’s most iconic wartime meme
As the storm clouds of war gathered over Ukraine in early 2022, Canadian Christian Borys found himself glued to his phone and expecting the worst. A former journalist with ancestral ties to Eastern Europe, he had worked as a Ukrainian correspondent for the international media from 2015 to 2018, an experience that he says left […]
Posted inNews
American University Kyiv expands to Dnipro
The American University Kyiv expanded to Dnipro in late 2024 with the first 34 students enrolling for American master’s programs in the central Ukrainian city. This initiative is the first stage in the ambitious development of the AUK presence in Ukraine following the university’s February 2022 launch just three weeks before the onset of Russia’s […]
Posted inInterview
New personal insurance option for wartime Ukraine
The full-scale Russian invasion of Ukraine has led to an unprecedented influx of international companies and organizations engaged in everything from aid work and investment initiatives to reforms and reconstruction. With hostilities ongoing in parts of the country and transport links disrupted by wartime conditions, providing comprehensive personal insurance coverage for staff and contractors operating […]
Posted inInvestment
JTI plans to invest $60 million in Ukraine over next two years
The full-scale Russian invasion of Ukraine has created unprecedented challenges throughout the Ukrainian business environment. What have been the biggest issues encountered by JTI? The full-scale war in Ukraine has had an impact on the entire business community in terms of reduced production, logistical problems, labor shortages, rising energy and raw material costs, and complex […]
Posted inInterview
McDonald’s invests in Ukraine’s future with restaurant openings and people development
When McDonald’s first began reopening its Ukrainian restaurants during the seventh month of Russia’s full-scale invasion in September 2022, the move made headlines around the world and was widely touted as a symbol of Ukraine’s wartime resilience. This trend has since gained further momentum with the opening of twenty new McDonald’s restaurants throughout Ukraine by […]
Posted inEconomy
Ukrainian economic recovery continues with 4.5% GDP growth in first nine months of 2024
Ukrainian GDP increased by 4.5% year-on-year during the first nine months of 2024, according to new data from Ukraine’s Ministry of Economy. This growth continues the trend established in 2023, which saw Ukrainian GDP rise by 5.3% following a 28.8% crash during the first year of Russia’s full-scale invasion. Commenting on Ukraine’s strong economic performance […]