Business news, entrepreneurship and startups in Kyiv region
The state energy holding's debt will reach $18 billion by the end of 2027, and servicing it at a 20% key rate is becoming increasingly difficult. The company remains afloat only due to subsidies — the question is whether the Kremlin will continue to pay.
On June 9, police and the Office of the Prosecutor General conducted more than 40 simultaneous searches in a case involving illegal large-scale amber extraction in several regions. The scheme operated under legal permits that effectively concealed the destruction of fertile topsoil in Polesia.
Iraq has lost 90% of its oil exports following the closure of the Strait of Hormuz. The only alternative — a pipeline through Kurdistan to the Turkish port of Ceyhan — has proven vulnerable to Ankara's diplomatic veto.
Starting June 28, an updated schedule launches with new routes and accelerated trains. The problem is different: there are fewer cars than last year, but demand is higher.
One of the legal entities in the Odrex network lost its medical license, but government contracts apparently went nowhere — they were transferred to another structure within the same network. How this works and who allowed it.
The company is restructuring commercial eurobonds for the second time: previous maturity dates in 2026 and 2028 became unachievable after Russia inflicted 229 strikes on Naftogaz facilities in 2025 alone — more than in the previous three years combined.
# Major Overhaul of Bridge on M-19 Route Marks First EU-Funded Infrastructure Project in Region The major overhaul of a bridge on the M-19 route is not a restoration of a Soviet-era structure, but rather complete demolition and new construction. For the first time in the region, a project of this scale is being financed by the European Union.
# DBR Uncovers BEB Officers Selling "Solutions" for Bribes The State Bureau of Investigation has exposed two employees of the Bureau of Economic Security who were selling "solutions" in exchange for bribes — one was trading in closing criminal cases, while the other promised to influence licensing decisions. A demand to conduct an audit of all cases handled by the agency has run into a legal paradox: no such mechanism exists in Ukrainian legislation.
A judge in Boston has ruled that a fee implemented by presidential proclamation in September 2025 constitutes an unauthorized tax—a power that belongs exclusively to Congress. The administration plans to appeal the decision.
Electric car sales in Ukraine rebounded for two consecutive months, but fell again in May. Over the year, the market has contracted by half due to the reinstatement of VAT, which the state has not attempted to compensate for.
# Russian Oil Exports from Major Ports May Plummet in June Crude oil shipments from Russia's three main ports could fall by one-third compared to May levels in June. While official statements cite scheduled maintenance, the actual situation is more complex.
Andriy Vidiborets joined Derzhzembank from his position as chief accountant of the SFMS — the institution that now controls the bank. His predecessor Yaroslav Yaroslavsky left due to "different approaches" with the new management.
Kyiv Becomes Ukraine's Most Expensive Rental Market Again Following Late 2025 Collapse from Shelling and Utilities Crisis. Sumy Region Shows Anomalous 165% Monthly Surge, While Cheapest Housing Found in Frontline Chernihiv and Zaporizhzhia.
On the night of June 8, a Shahed drone destroyed part of Ukrposhta's sorting hub in Kholodnohirskyi district of Kharkiv. Fire and destroyed structures resulted from the strike, but there were no casualties thanks to the timely evacuation of personnel.
The company released internal data describing not a future risk, but an already existing trend: the AI model is accelerating its own development faster than humanity has managed to agree on what to do about it.
An international tender for the purchase of electric buses for Kharkiv ended without a winner. The city received financing from an EU bank but was unable to find a supplier.
A petition about "mass recruitment of foreigners" has gathered 25,000 signatures amid a disinformation campaign. Meanwhile, the government has yet to address the real scale of the labor shortage — 4.5 million workers.
The government has allocated funds for repairs of critical sections of local roads under co-financing arrangements with communities. However, the reporting mechanism remains an open question.
# Translation The Commercial Court of Cherkasy Region approved a restructuring plan for Cherkasy Chemical Fibre, a company that leases the city's thermal power plant until 2050. The debt to Naftohaz Trading is being written off as fines and penalties, while the enterprise's owner Anatoly Skribliak is involved in several criminal proceedings and is hiding abroad.
Albert Manifold came to BP with a mandate as a tough reformer. The board of directors unanimously fired him after whistleblower complaints about systematic bullying and improper handling of confidential information.
The United Arab Emirates' withdrawal from the cartel and prolonged instability in the Middle East have sent joint oil production plummeting to levels not seen in over thirty years.
A fire broke out at the Antipinsky Oil Refinery, the only private oil refinery in Russia's Urals Federal District. The official version: a technological accident. Eyewitnesses reported hearing explosions.
# Ukraine Launches Tool for Assessing Solar and Wind Energy Potential — But Best Resources Concentrated in South and East, Where Fighting Continues Ukraine has launched an instrument for evaluating the suitability of territories for solar and wind energy generation — however, the greatest potential is concentrated in the south and east, where hostilities are still ongoing.
Russia's federal budget lost 40% of revenues and fell into deficit of over $80 billion. While the Kremlin advertises "new partnerships," its own regions are sinking into a debt pit.
Nigeria, Niger, and Algeria have accelerated construction of the Trans-Saharan gas pipeline — but between Nigerian gas fields and European stoves lies 841 kilometers through a country run by a military junta.
The company "Avtomahestral-Pivden" has resumed work on a frozen 30-kilometer section of Ukraine's first highway. However, the completion date remains tied to the end of the martial law.
While the government is increasing funding for the capital's preparation for the heating season, Kuleba publicly criticized Klitschko's pace and promised to "assess the management capabilities" of city authorities after May 10.
The British government has revised its internal forecasts: oil will remain expensive for at least two years following a possible peace settlement with Iran. This means frozen interest rate cuts, higher bills, and a revision of budget rules.
A drone damaged the Kernel grain terminal in Chornomorsk on the night of June 5 — a month after an attack on the same company's oil terminal at the same port. Reconstruction following the 2023 attack is expected to be completed only in October.
Roman Karkosik — founder of the industrial conglomerate Boryszew with a capital of $1.1 billion — is financing the construction of a 55.6-meter statue of the Virgin Mary in a village with fewer than 120 residents. The opening is scheduled for August 15, 2025, but the construction is expected to be completed by mid-2026.