Business news, entrepreneurship and startups in Kyiv region at Razom UA
Iraq’s Ministry of Oil has begun negotiations with American companies to transfer management of the country’s largest oil field — currently operated by Lukoil, which has been hit by U.S. sanctions — to one of them.
In November Turkey cut purchases of Russian Urals oil by 100,000 barrels per day — to 200,000 bpd. Facing sanctions and a planned EU ban, the country is ramping up shipments of other grades but confronts logistical risks.
SoftBank founder Masayoshi Son explained that he sold a package of Nvidia shares to raise funds for large-scale investments in AI, including OpenAI; he called the decision painful and said he cried during the sale.
The Ukrainian Veterans Fund under the Ministry for Veterans Affairs will allocate 100 grants ranging from 500,000 to 1.5 million hryvnias to start or develop veterans’ businesses. This year’s competition received 398 applications.
Ukraine's first REIT fund bought the Sky Park shopping mall in Vinnytsia for UAH 1.5 billion; after the transaction the fund's assets rose to UAH 3.48 billion, and Sky Park became its largest asset.
The Specialized Anti-Corruption Prosecutor's Office filed a claim with the High Anti-Corruption Court seeking recovery of more than UAH 8.6 million in assets linked to People's Deputy Serhiy Lytvynenko, including three luxury cars.
Indian Oil Corp. and Bharat Petroleum bought Russian oil for January delivery at a discount of about $5 a barrel. Expected volumes will not exceed roughly 600,000 barrels per day; Nayara will supply part of the shipments, while some refineries are refusing Russian crude.
On 29 November KFC opened a restaurant in Kolomyia, Ivano‑Frankivsk Oblast, at the Galeria Korzo shopping mall. The restaurant covers 274 sq. m and offers 76 indoor seats and 32 on a summer terrace; the chain continues to expand in the regions.
Despite the destruction of one of the three offshore berths, shipments through the Caspian Pipeline Consortium (CPC) terminal in Novorossiysk continued via another berth; expert assessments indicate a reduction in deliveries, and Kazakhstan lodged a diplomatic protest.
PJSC "Lviv Liqueur and Vodka Plant" was the sole participant in the privatization auction and will acquire ownership of the property complex it had leased for more than two decades.
SIPRI reported that in 2024 the revenues of the world's 100 largest defence companies rose by nearly 6%, reaching a record high. The increase was driven by the wars in Ukraine and Gaza, as well as by rising military budgets.
The cartel left unchanged the schedule for output increases in the first quarter of 2026 and extended production coordination through the end of 2026; it approved mechanisms for capacity control and flexible response.
Thousands of Airbus aircraft have had flights suspended due to a software malfunction linked to solar radiation. About 6,000 A320-family aircraft were affected by the problem, which can corrupt data critical to flight control.
A private collector in the United Kingdom bought the jewellery figure "Jack," cast in 18‑carat gold with a ruby eye and turquoise inlay, for £82,550. Earlier the piece became the focus of a global hunt prompted by clues in the author's book.
The Commercial Court of Dnipropetrovsk Oblast on November 17 declared JSC "Dniprovazhmash" bankrupt. The court noted a deterioration in financial indicators from 2022 to 2024 and found signs of deliberate actions that led to the company's insolvency.
The Ministry of Agriculture has proposed transferring Carrefour’s Polish assets into the ownership of the state-owned company Krajowa Grupa Spożywcza to create a national network to support farmers and lower prices. The decision is being stalled by the Ministry of State Assets; estimated costs reach about 8 billion zlotys.
An urgent software update on A320 aircraft has caused delays and cancellations across several airlines. Avianca was hit hardest — more than 70% of its fleet is subject to inspections; ticket sales have been suspended until December 8.
The Caspian Pipeline Consortium reported damage to one of its three offshore berths following an alleged attack by unmanned boats at 04:06. There is no independent confirmation; VPU-2 has been declared inoperable and a replacement is already being fabricated in Dubai.
The city rejected a loan to upgrade public transport amid energy supply problems. The project envisaged purchasing 20 trolleybuses with off‑wire (autonomous) capability and 15 electric buses for a total of €17 million.
On 28 November, explosions struck two sanctioned tankers in the Black Sea off the Turkish coast. Kairos caught fire and began to sink, while Virat came under attack; all crew members were rescued.
In Warsaw, the renovated Warszawa Zachodnia railway station was officially opened: the modernization lasted five years, about PLN 2.5 billion was invested, an underground tunnel was built and solar panels were installed on the roof.
Deputy Minister Serhiy Derkach announced plans to introduce mandatory technical inspections for all vehicles in Ukraine, implement roadside checks, and change the certification procedure for imported used cars to align with EU standards.
In November, U.S. liquefied natural gas exports reached a record 10.7 million tonnes. The rise in shipments is easing pressure on markets in Europe and Asia; U.S. production could roughly double by the end of the decade.
Chancellor Friedrich Merz will send a letter to Ursula von der Leyen asking her to review the part of the Fit for 55 regulation that bans the sale of new cars with internal combustion engines after 2035 and to allow hybrids, range‑extenders and "high‑efficiency" engines. The European Commission is set to present proposals on 10 December.
Demand for Ukrainian corn on the global market is falling as competition intensifies.
Lukoil International companies have been granted permission to conduct business operations until February 2026.
ARMA announced a new auction to select a manager for IDS Ukraine, including all key enterprises of the group.
An accident at the Baikonur Cosmodrome has damaged the only launch pad for crewed missions.
The M4 line will become the first fully driverless line in the Polish capital.
Kyivkhlib (Alviva Group) has begun producing dry confectionery products — wafers, biscuits and snacks; total production capacity is 500 tonnes per month.