Business news, entrepreneurship and startups in Kyiv region
Two courts have confirmed: four residential buildings of the Briz cooperative in the Gorbachykha locality are standing illegally. However, actual demolition depends not on the court verdict, but on who and how will enforce it.
Ukrainian Railways, facing a shortage of 100-200 traction units and with over 96% of rolling stock worn out, is negotiating with Vilnius over the transfer of reserve rolling stock. The Lithuanian side is still assessing the request.
By June 15, Brussels may adopt a new package of restrictions - this time targeted, aimed at Chinese companies that supply Russia's military-industrial complex.
The actual owner of companies involved in completing the Tashlyk PSPP ended up in custody after investigators established that contracts worth over 305 million hryvnias were conducted through a controlled foreign company, with equipment prices inflated by 170 million hryvnias.
The House of Representatives voted 218-204 to bring the Ukraine Support Act to a final vote for the first time since Trump returned to power. The key was a procedure typically used by the minority: a discharge petition.
American short-seller Grizzly Research claims that 10% of Pirelli's net profit still comes from Russia — despite official assurances about "suspending investments" in 2022.
# European Regulators Target Google Again — This Time Over Digital Markets Act Violations. What's Behind the Accusations and Why It Matters Beyond the Corporation European regulators have renewed their scrutiny of Google, this time focusing on alleged violations of the Digital Markets Act. The charges underscore Brussels' increasingly aggressive stance on big tech monopolies and what officials say are anticompetitive practices. The accusations center on how Google leverages its dominance across multiple digital services — from search to advertising to mobile platforms — to disadvantage competitors. Regulators claim the company is using its market power in ways that stifle innovation and limit consumer choice. The case carries significance far beyond Google itself. It signals how the EU is attempting to enforce its landmark Digital Markets Act, legislation designed to curb the gatekeeping power of tech giants. A potential penalty could set precedent for how other large technology companies face similar scrutiny. For consumers and smaller tech firms, the outcome could reshape the digital landscape by creating more room for competition. For Google, fines and operational restrictions could fundamentally alter its business model in Europe, the world's most stringent regulatory market. The case also reflects a broader geopolitical divide, with the EU pursuing a regulatory approach that contrasts sharply with the lighter-touch oversight favored in the United States.
# Ukrainian News Translation The chief designer and majority owner of the manufacturer of the "Flamingo" missile confirmed at a session of the Verkhovna Rada's temporary special commission his interest in selling 30% of the company to the UAE's EDGE Group defense holding. At the same time, it emerged that the application submitted to the AMCU was returned without review back in January, and a resubmission has not been made.
State property tenants for years have been "improving" premises in order to buy them without competitors — at reduced prices. The government has adopted a resolution that transfers such sales to open Prozorro auctions.
# Strike on May 21 Disabled AVT-6 Unit That Rosneft Had Just Repaired Following April Attack A strike on May 21 disabled the AVT-6 unit at a Rosneft facility that had only recently been repaired following an April attack. Repairs are expected to take up to a month, with production capacity at zero.
# Light Aircraft LMS-901 "Baikal" Delayed Again — Now Until 2027 The LMS-901 "Baikal" light-engine aircraft, intended to replace the Soviet-era An-2, has been postponed once again — this time until 2027, and only for cargo and technical use. However, the real problem runs deeper: in February 2025, "dramatic design errors" came to light.
The Specialized Environmental Prosecution has referred a case to court against Vitaliy Pavlov, director of Slavsk Forestry Enterprise "Galsillis": the investigation alleges that he issued permits for a type of timber harvesting that does not exist in Ukrainian legislation for years, causing damages exceeding 103 million hryvnias.
A vertically integrated poultry farming project in Croatia has been frozen — the environmental assessment failed, and the community took to the streets. MHP is reorienting toward Slovenia and Spain.
Park Hyatt Paris-Vendôme, Mandarin Oriental Paris, and Hôtel du Palais in Biarritz have lost France's most prestigious hotel status. Behind the elegant decision lies a concrete reason: the hotels failed to renovate while competitors were redefining luxury.
The Defense Procurement Agency signed record contracts for long-range 155mm shells: a competitive tender saved billions of hryvnias and made it possible to purchase more ammunition than originally planned.
On the night of May 24, Russia delivered one of its most powerful strikes on the capital since the beginning of 2025—using "Oreshnik" missiles, hundreds of drones, and various types of rockets. The scale of destruction is now measured not only by casualties but also by another wave of applications for state compensation.
Oura, the smart ring manufacturer, has confidentially filed its S-1 prospectus with the U.S. Securities and Exchange Commission. In 2025, the company doubled its revenue to $1 billion and sold nearly 3 million rings — however, the stock price and number of shares remain undisclosed.
A 63-year-old Sidônio Moreira drilled a well searching for water and found crude oil instead — and continues paying off a 25,000 real loan because under Brazilian law, mineral deposits belong to the state, not the landowner.
The Zhytomyr club, founded in 2014, finished in the top-3 of the UPL for the first time and has already twice qualified for the Conference League. This is no coincidence — it is a new benchmark for clubs outside the "big two."
On the night of May 24, a Russian attack destroyed the Kyiv distribution center "FIM" — a key logistics hub of the Omega company. This is already the third strike against the infrastructure of one of Ukraine's largest auto parts distributors over the past year.
Bicycle shop VeloHub Muromets, covering 905 square meters, stands on land that cannot be built on or sold under the law. The court ordered its demolition — but according to a scheme that has been used on other plots in Kyiv.
# Translation In February 2022, the head of the registration department of one of the city councils in Ternopil region registered ownership of non-existent construction objects — as a result, lands of a state defense enterprise worth 15.7 million hryvnias almost transferred to private structures. The investigation lasted for years, and the scheme turned out to be simple: fake documents plus one registrar's signature.
# Irish Low-Cost Airline Redeems €1.2 Billion Bond Issuance The Irish budget carrier has repaid its final bond issue worth €1.2 billion — the same debt taken out during the pandemic at a record-low rate of 0.875%. With its entire fleet now debt-free, the company gains a systemic advantage over Lufthansa, easyJet, and other competitors who continue paying for aircraft leasing and expensive credit facilities.
# Ukraine's Oldest McDonald's Damaged on Its Anniversary Night Ukraine's oldest McDonald's was damaged during the night of May 23-24 — the same day it opened its doors in 1997. This marks the sixth attack on the establishment since the start of the full-scale invasion.
A single statement about a possible nuclear deal with Tehran immediately corrected the European gas market. Dutch futures fell 4.9% on the morning of May 25.
As the Strait of Hormuz remains blocked by conflict, India—the world's third-largest oil consumer—is urgently pivoting to sanctioned suppliers: Venezuela and Russia. Both options suit Delhi only temporarily.
On September 1, a guided aerial bomb destroyed Department No. 11 — three days after a drone strike on the same company that killed a 49-year-old man and injured a child. Logistics infrastructure in the city has become a regular target.
While most tanker companies are shunning voyages through the Strait of Hormuz, Abu Dhabi's national oil company has worked out three separate schemes for covert cargo shipments — and has already transported at least 6 million barrels of oil in April.
The Astana International Financial Center (AIFC) court ruled to recover $1.4 billion from Gazprom — but Kazakhstan's Justice Minister explained why the state has no connection to this body and will not comply with its order.
LLC "Berdychiv Wind Park," founded by the Tyshchenko family in 2024, has launched an environmental assessment procedure for a 57 MW project—which could generate up to 180 million kWh annually for the forest-steppe region of Zhytomyr Oblast.