Business news, entrepreneurship and startups in Kyiv region
The U.S. Treasury Department has extended an exemption from sanctions on maritime supplies for Russian oil for another 30 days, despite Scott Bessent publicly rejecting such a possibility just days earlier.
While Ryanair's CEO hands out predictions to the press, Latvia quietly rescues its airline with state credit. The difference between survival and collapse in aviation is now measured not by routes, but by the percentage of hedged fuel.
A biomethane complex "Sokolov Energy" will appear in Chortkiv District — a joint project of the OKKO group and Gadza agro-holding. The plant fits into a market where Ukraine has just taken its first export step.
Ukraine's SBU obtained documents that Moscow is hiding from its own citizens. The figures describe not a catastrophe—but precisely that point where structural decline becomes irreversible.
Hancock Prospecting's Gina Rinehart shifted capital in a single quarter from Chilean lithium into weapons, gold, and rare earth metals. The logic is simple: the portfolio follows a geopolitical risk map.
Through the Global Trade company, Russia received over 16,000 shipments worth more than 30 million euros — including equipment for its nuclear program. The scheme was uncovered by the BND after penetrating the network.
After a winter that killed every fifth Kyiv restaurant, the market for catering premises is gradually reviving. April figures are the first signal of stabilization in a year, rather than recovery.
# State Postal Operator Posts 106 Million Hryvnia Net Profit in First Four Months of 2025 The state postal operator earned 106 million hryvnia in net profit over the first four months of 2025 and restored its own capital to 2.3 billion hryvnia. Whether this represents a genuine financial turnaround or a skillful presentation of results depends on which accounting methodology is used as the basis for analysis.
Economists at Brown University calculated that as of February 28, 2026, the average American family has overpaid more than $300 for fuel — and this is before food prices catch up with gasoline.
ARMA has launched its third tender for an IDS Ukraine manager. The previous one was disrupted by technical complaints, and the one before that by a legislative trap. New rules are meant to resolve both issues, but they do not eliminate the main risk.
# Class Action Lawsuit Claims Amazon Deliberately Withholding Hundreds of Millions in Illegal Tariff Charges from Customers to Maintain Trump's Favor A collective lawsuit alleges that Amazon is knowingly refusing to return hundreds of millions of dollars collected from customers through unlawful tariffs—in order to preserve its relationship with Trump. While not the first such case, it is the most high-profile: it follows a precedent set by a phone call between the president and Bezos in April.
# China's Ministry of Commerce Confirms Trump-Xi Trade Deal on Mutual Tariff Cuts China's Ministry of Commerce has officially confirmed an agreement between Trump and Xi Jinping on mutual tariff reductions. The package includes purchases of American aircraft by the Chinese side. Here's what stands behind this deal and why the details remain undisclosed.
# Economy Ministry Expands Industrial Equipment Subsidy Program for 2026 The Ministry of Economy has expanded the list of industrial machinery eligible for 15% state compensation for the first time in 2026 — now covering 1,354 items from 50 manufacturers. These figures represent a real mechanism to reduce equipment costs for businesses and communal enterprises, with 475 million hryvnia allocated for the program.
# Kyiv Regional Prosecutor's Office Files Lawsuit Against Shopping Center Developer Kyiv Regional Prosecutor's Office in Kharkiv has filed a lawsuit against the developer of the Nikolsky shopping center over unpaid infrastructure development contributions. The developer has failed to pay its share toward municipal infrastructure development for four years following the mall's opening. The amount owed exceeds 180 million hryvnias, representing approximately 7.7% of the construction budget.
The government approved the procedure for forming and using a decentralized reserve of power plants, boiler houses and transformers — to be financed from the state budget, local budgets and international aid, but the mechanism for controlling the distribution is not publicly described.
# Ankara Seeks to Connect Fuel Infrastructure with Romania via Bulgaria Ahead of NATO Summit Turkey aims to link its fuel infrastructure with Romania through Bulgaria before the July NATO summit. The main argument is price: the Turkish route costs one-fifth of routes through Greece or Romania's western neighbors.
Since the beginning of the American-Iranian conflict, forecasts for increased oil demand have fallen sixfold — from 1.2 million to 200,000 barrels per day. The IEA is already discussing a possible reduction in consumption for the first time since 2020.
Japanese NAND memory manufacturer forecasts 48-fold increase in net profit for the quarter. Behind the figures lies a race for technology in which Kioxia has only just caught up with competitors.
There are no independent members left on the supervisory board of Ukrposhta. For a company that conducts financial operations for millions of Ukrainians, this is not a formality — it is a hole in the control system.
# DOT-Chain Defence Delivers 500,000 Items Worth 23.3 Billion Hryvnias to Defense Forces in Seven Months DOT-Chain Defence has supplied half a million items valued at 23.3 billion hryvnias to the Defense Forces during seven months of operation. The Cabinet of Ministers has extended the experiment until 2027 and opened the platform for the Interior Ministry—but the real question is not about the number of clicks, but whether weapons will arrive on time.
A former deputy of Ivaniv village council in Vinnytsia region, owner of "Podillia-myaso" company, purchased assets worth 42 million hryvnias despite officially declaring income of only 5.3 million — and attempted to flee to Poland while the National Agency on Corruption Prevention had already submitted materials to police.
# Azerbaijan's State Company Closes €3 Billion Deal, Acquires Two Oil Refineries and Over 4,500 Gas Stations Azerbaijan's state-owned company has closed a deal worth approximately €3 billion, acquiring two oil refineries and more than 4,500 gas stations. The appointment of Levan Davitashvili as CEO signals the first indication of how SOCAR plans to build its presence in the European Union.
Energoatom explains Patrick Fragman's departure with a new full-time job. People's Deputy Zelenskyy adds a detail the company didn't mention: board members haven't been paid for three months.
A Gazprom plant in Astrakhan has halted fuel and sulfur production for the second time in a year. The chronology of attacks indicates a systemic objective — not a one-time strike, but exhaustion through repeated shutdowns.
Washington eased restrictions on Belarusian potash in exchange for the release of political prisoners — and almost immediately began demanding that Vilnius restore transit through Klaipeda. Lithuania refuses, citing EU sanctions that no one intends to lift.
# New "Bila Tserkva – Sighetu Marmației" Border Checkpoint to Become Largest Crossing with Romania: 400 Trucks Daily. But It Cannot Open Yet—Ukrainian Side Still Under Construction
Washington has issued licenses for ten Chinese companies to purchase Nvidia H200 chips, but no deliveries have taken place yet — Beijing is advising its companies to steer clear of American semiconductors.
# Kyiv City Council formally submitted a request to the Cabinet of Ministers and Parliament for equal funding of energy resilience: the city and the state to each cover half of the approximately 30 billion hryvnias in total costs. However, the "agreement" currently lacks an implementation mechanism.
Kyivpastrans announced a tender for the same two cabins it planned to purchase back in 2021 for €6.5 million — now for €13 million. The difference amounts to over €6 million in European Investment Bank and city budget funds.
Ukraine's AMCU Fined "Optima-Pharm" 7.09 Million Hryvnia for Failing to Provide Information — But This Is Just the Finale of a Longer Story About Price Collusion and Frozen Accounts of a Company That Controls 85% of Pharmacy Supplies Together With a Competitor.