Business news, entrepreneurship and startups in Kyiv region
# 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.
5–10 stores in Q4 2026 is a pilot, not a strategy. The logic behind Pepco's entry seems paradoxical at first glance, but it is quite organic for a market where over 80% of spending goes to basic needs, precisely the format of low prices.
The European Commission revised its inflation forecast from 1.9% to 3.1% — and this is more than just statistics: real household incomes in the eurozone will decline by 1.4 percentage points over the forecast horizon.
The National Security and Defense Council (NSDC) has compiled two registers: commanders who have fired over 5,200 missiles at cities, and merchant vessels that transport weapons under civilian flags. Most of the ships are already under Western sanctions—the question is whether this will stop them in ports.
On May 22 in Mexico, the Modernized Global Agreement and the interim trade agreement ITA were signed. The first requires ratification by all 27 member states, while the second may come into effect earlier — and it is precisely this agreement that will determine whether the signing becomes a real breakthrough or merely a symbolic gesture.
A contract worth approximately €35 million, derailed by delays and a demand for an additional €17 million, has become a diplomatic issue between two countries. Arbitrators in Geneva and Paris continue to determine who is right.
Zoom invested less than $100 million in Anthropic as part of a partnership agreement — and received a 13x return. This is not a venture strategy, but a corporate stroke of luck that now needs to be explained to shareholders somehow.
The first flight of the largest rocket in history experienced booster and Ship engine malfunctions, but the spacecraft delivered 22 dummy satellites to the target orbit. SpaceX obtained the data — and motivation ahead of its public offering.
A Mercedes-Benz Sprinter from German partners will operate freely through Holoskyvskyy Cemetery — primarily for people with disabilities, elderly visitors, and those tending to graves in the most remote sectors.
The European Commission included Yangzhou Yangjie Electronic in the 20th sanctions package against Russia and almost simultaneously proposed a nine-month exemption — because without these microchips, European auto plants would come to a stop.