Swedish clothing brand H&M will open its first store in Ukraine in 2018. The information appeared in the company’s six-month report for 2017. “New H&M store markets planned for 2018 are Uruguay and Ukraine,” the document read. H&M has been one of the most anticipated international brands in Ukraine, along with Ikea. Rumours of its ... Read More
More recently, the aviation industry has indicated signs of recovery with considerable growing demand forecast over the next decade in regions such as the Asia-Pacific and Middle East. In these regions, to operate a large number of aircraft produced in Ukraine and the countries of the former Soviet Union. Now Ukraine expands aircraft maintenance and repair ... Read More
Despite several turbulent years, Ukraine’s economy is now showing real promise. The country recently received its latest tranche of IMF funding and is making a huge effort to stamp out corruption. With a large base of highly skilled technology professionals and a highly-developed information technology sector, Ukraine’s economy has all the ingredients required to create ... Read More
The Swedish furniture and home goods chain IKEA plans to expand to the Ukrainian market, the head of PrJSC Mandarin Plaza’s board Oleksandr Chernytsky said. According to him, IKEA may rent one of the country’s largest sales and amusement centers, Yuzhny, with an area of 450,000 square meters. Construction of the facility is planned to ... Read More
The Verkhovna Rada of Ukraine has cancelled the registration of foreign investment and simplified the procedure for issuing permission to employ foreigners, as well as the procedure for issuing temporary residence permits. Some 239 deputies voted in favor of the draft law in its second reading on Tuesday. The bill cancels registration of foreign investment, ... Read More
Grain, steel and sunflower oil have been recognized as the most famous goods of Ukrainian exports for centuries, but recently Ukraine’s reputation in the international arena has been growing thanks to outstanding achievements in information technology, high fashion, aviation, architecture and design. 1. Unmanned aerial vehicles. The Kiev company Drone.ua produces drones, which are sold ... Read More
For so long mired in corruption and bureaucratic red tape, in the past three years Ukraine has enacted numerous reforms to improve the climate for doing business. Now, writes Natasha Turak, the battle is on to convince investors that the conflict-affected country is a safe bet. The story is familiar by now: for decades a ... Read More
Ukrainian Antonov AN-132D, the first aircraft with no Russian components performed its first flight last week. The aircraft created by Ukroboronprom’s Antonov has been developed by cooperation between Ukraine and international aerospace firms that includes partners from USA, Canada, UK, Germany, France and other countries – Honeywell, Pratt & Whitney Canada, Liebherr-Aerospace Toulouse SAS, Dowty ... Read More
KPMG practical guide provides insight into basics. It is a compass to all stages of your business in Ukraine: market entry strategies, your company registration, taxation and other relevant information. Our industry expertise will help you to find effective practical solutions in Ukraine and abroad.
Ukraine has officially reported yet another record grain harvest for 2016, exceeding 66m tonnes in the process. Of this, wheat accounted for 26.8m tonnes, maize came in at 28m tonnes and the barley harvest amounted to 9.9m tonnes. Aside, 4.3m tonnes of soy bean were also harvested. Agriculture-related products are now the largest exports from Ukraine, accounting for €14.6 billion, or 42.5% ... Read More
