State-owned PrivatBank has announced its financial results for 2023, reporting a pre-tax profit of almost UAH 72.8 billion ($2 billion), more than double that of the previous year. The bank increased its net retail loan portfolio by 39% to over UAH 60 billion ($1.6 billion) and its net corporate loan portfolio by 23% to over … Read more
Ukrainian government and business representatives have agreed to establish a business support council, which will include heads of Ukraine’s prominent companies, President Volodymyr Zelensky announced on Jan. 23. The move follows the recent detention of influential investment banker Ihor Mazepa, perceived by some as an escalation of law enforcement pressure on businesses. Mazepa is suspected … Read more
The median salary of Ukrainian developers fell by $135 to $3,300 in the second half of 2023. This is the first drop in salaries since the start of Russia’s full-scale invasion of Ukraine. The data is reported in the DOU survey, which took place in December 2023 and early January 2024. The decrease in salaries … Read more
Ihor Mazepa, a Ukrainian businessman and the founder of the Concorde Capital investment firm, has been released from pre-trial detention on a Hr 21 million ($550,450) bail, according to a statement by his company’s press service. The bail set by the Kyiv Pechersk District Court was reduced from the initial Hr 350 million ($9.3 million). … Read more
Representatives of business and government held a meeting on Monday regarding pressure on business, the catalyst of which was outrage over the case of the arrest of investment banker Ihor Mazepa, founder of the investment holding EFI Group (Effective Investments) Ihor Liski said. “The good thing: the quick response of government officials (Chairman of the … Read more
The Kyiv Pechersk District court ordered the arrest of the detained Ukrainian businessman and the founder of the Concorde Capital investment company, Igor Mazepa, Suspilne reported on Jan. 19. He was taken into custody until Feb. 27 with an alternative of almost Hr 350 million ($9.1 million) bail, even though the prosecution insisted on bail … Read more
The National Agency on Corruption Prevention (NACP) has added the Swiss chocolate manufacturer Barry Callebaut to the list of international war sponsors, the agency reported. “Chocolate should improve your mood, but the world’s leading chocolate manufacturer chose a different path. Instead of giving positive emotions to people, it decided to work on blood,” the NACP … Read more
The Ukrainian businessman and the founder of the Concorde Capital investment company, Ihor Mazepa, was detained at the border, Concorde Capital announced on Jan. 18. Law enforcement officers also entered the company’s premises and are carrying out searches of the building and employees, the statement read. The announcement comes the same day as several media … Read more
Bolt Food will now be available in Brovary, as of January 17, the company announced. Orders can be made through the mobile app from 9 a.m. to 10 p.m. “Ukraine is one of our key markets in growth strategy for the company, so in 2024 we plan to develop our service,” said Bolt Food in … Read more
Ukrainian banks are facing growing difficulties in meeting financial obligations has, parliamentary Finance Committee Chairman Danylo Hetmantsev said on Telegram on Jan. 17. “According to the National Bank of Ukraine (NBU), as of Jan. 1, 2024, the regulatory capital adequacy ratio of banks decreased to 21.1% from 25.4%, as of Dec. 1, 2023,” he said. … Read more