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 […]
Business Ukraine magazine
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 […]
Posted inInterview
Oschadbank focuses on supporting growth within Ukraine’s expanding MSME sector
As the Ukrainian business community continues to grapple with the new realities created by Russia’s full-scale invasion, state-owned bank Oschadbank has identified support for the country’s micro, small, and medium-sized businesses (MSMEs) as one of its strategic priorities. Through a combination its own initiatives and cooperation with the Ukrainian government and international institutional partners, Oschadbank […]
Posted inSecurity
New NATO chief Mark Rutte backs long-range Ukrainian strikes inside Russia
Newly appointed NATO General Secretary Mark Rutte has begun his four-year term by backing Ukraine’s right to conduct long-range strikes inside Russia. Speaking in Kyiv on October 5 during his first official visit as NATO chief, Rutte said Ukraine “obviously” has the right to defend itself with attacks on Russian territory. “International law here is […]
Posted inInterview
L’Oréal Ukraine prioritizes safety, service, and solidarity
What was the initial impact of the full-scale Russian invasion on the work of L’Oréal in Ukraine? The full-scale Russian invasion profoundly impacted every aspect of our operations in Ukraine. Our immediate concern was the safety of our employees, so we swiftly relocated nearly 500 team members and their families, providing ongoing financial and other […]
Posted inEconomy
Maud Joseph: French companies are the biggest foreign employers in wartime Ukraine
How many French companies are currently active in Ukraine? At present, there are 180 French companies operating in Ukraine. Around three-quarters of these companies have been in Ukraine for more then fifteen years. French businesses contribute significantly to the Ukrainian economy and are present in every region of the country. In total, French companies have […]
Posted inInvestment
Turkish industrial equipment company Dalgakiran invests $10 million in new Ukrainian facility
Turkish industrial energy equipment company Dalgakiran Kompresör has unveiled a major new production and maintenance facility close to the Ukrainian capital. The company invested UAH 400 million (approximately $10 million) in the construction of the plant, making it one of the largest single investments in the Kyiv region since the onset of Russia’s full-scale invasion […]
Posted inSociety
Champagne diplomacy: creative initiative aims to raise funds and promote Ukrainian culture
Ukrainians are rightfully recognized for their remarkable fundraising skills, with enormous sums of money collected in support of the country’s defense since the start of Russia’s full-scale invasion. Mariia Didkovska, the founder and owner of Kyiv French restaurant Citronelle, Saint Bar, and the Open Music in the City charity foundation, is responsible for what must […]