International Warrant is Being Prepared for Billionaire Zhevaho
An international arrest warrant is being prepared for Ukrainian billionaire Kostyantyn Zhevaho, who the newly created State Bureau of Investigations (DBR) suspects of large-scale money...
Grammarly raises $90M, surpassing $1B valuation
Grammarly, a startup that checks your grammar, suggests better ways to write and moderates the tone of what you write, has closed a $90 million...
Several big tobacco companies fined USD 265m in Ukraine
The Antimonopoly Committee issues $265 million fine for several big tobacco companies and distribution company TEDIS. Committee Chairman Yuriy Terentyev said the penalty was for “collaborating to...
AccorHotels is entering Ukrainian market
France-based international hotel operator Accor Group has signed an agreement to enter the Ukrainian market with a Swissotel Living hotel in central Kyiv. The new hotel is...
Big tobacco companies threaten to pull out of Ukraine
Big tobacco companies including Phillip Morris and British American Tobacco claim a new law targeting profit margins could cause a pullout. In a press conference,...
PrivatBank posts a record profit of $1.11 bln
PrivatBank posts a record profit of $1.11 billion in the first nine months of 2019, according to Board Chairman Petr Krumhanzl. Commissions netted the bank $539...
EBRD will loan Ukrzaliznytsia $100 mln to modernize infrastructure
The EBRD plans to loan Ukrzaliznytsia $100 million to modernize Ukraine’s portion of the Trans-European Transport Network [TEN-T], Yevhen Kravtsov, the state railroad CEO, writes on Facebook....
Morgan Stanley upgrades Ukrainian GDP forecasts
Morgan Stanley has upgraded its Ukrainian GDP growth forecasts for the coming two years as international optimism over the country’s economic outlook continues to strengthen....
Government burns reserves to pay down debt
Ukraine’s international reserves fell from $22 billion in September to $21.44 billion this month, or a 2.6 percent decrease, due to significant expenditures on state...