Olena Hrazhdan

Business Reporter at Kyiv Post

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Articles

Ukrzaliznytsia Seeks to Repay $703 Million Eurobond Debt by 2026

2 weeks ago | kyivpost.com | Olena Hrazhdan |Kateryna Mykhailova

The company warned investors of “uncertainty” as total debt looms at over $1 billion by 2028 – the state-owned company needs to finance operations after Russia’s destructive invasion of Ukraine.
French Framatome Expands Production With Russia’s Rosatom

Feb 2, 2025 | kyivpost.com | Olena Hrazhdan

French-owned nuclear company Framatome signed a contract with Rosatom to co-produce nuclear fuel for water-water energetic reactors (WWER or VVER), Olena Lapenko from think tank DiXi Group told Kyiv Post in an interview. Framatome is executing a scale-up to produce nuclear fuel as part of joint venture with Rosatom, the State Atomic Energy Corporation of Russia. The fuel will be produced in a Framatome-owned factory in Lingen, Germany. Follow our coverage of the war on the @Kyivpost_official.
Ukraine’s Oldest Cryptocurrency Exchange KUNA Shuts Down After Court Ban

Jan 31, 2025 | kyivpost.com | Olena Hrazhdan

Ukraine’s cryptocurrency exchange, Kuna, ceased its operations in all countries. This was announced by the company’s founder, Mykhailo Chobanian, on Jan. 30. The ceasing of operations was followed by a decision to block access to Kuna in Ukraine, issued by Shevchenkivsky District Court of Kyiv upon the request of the Bureau of Economic Security of Ukraine (BEB). Follow our coverage of the war on the @Kyivpost_official.
European Business Association Needs Tailored Air Alerts

Jan 31, 2025 | kyivpost.com | Olena Hrazhdan

The European Business Association (EBA), an organization representing almost 1,000 Ukrainian and foreign companies, asked Ukraine’s authorities to establish a “targeted air raid alert system” that limits work-stoppage to specific city sectors rather than region-wide halts that hamper productivity. The current air raid alert system covers entire Ukrainian regions, especially if the air raid alert is announced due to a possible ballistic missile strike or when Russian fighter-bombers take off.
Uklon Plans Merger with Largest Telecom Operator Kyivstar

Jan 28, 2025 | kyivpost.com | Olena Hrazhdan

Ukraine’s leader in the online taxi market, Uklon, is on the verge of being sold to the largest telecom operator in the country, Kyivstar, after years of competing with international players Uber and Bolt, Forbes Ukraine reported. In December 2024, Kyivstar applied to Ukraine’s Antimonopoly Committee to acquire the company, according to media sources. Follow our coverage of the war on the @Kyivpost_official.
No More Russian Gas Through Ukraine - But What Happens Next?

Jan 26, 2025 | kyivpost.com | Olena Hrazhdan

On Jan. 1, Ukraine halted the transit of Russian gas to Europe through the Druzhba, Soyuz and Yamal-Yevropa pipelines. The names of these pipelines – drawn from Soviet-era words meaning “friendship”, “union” or “brotherhood” – are, in all their irony, the remnants of a 60-year-old gas transit friendship. Until any new deals are made, most gas flowing through Ukrainian pipelines, aside from a tiny share of imports from Hungary and Moldova, will be Ukraine-produced gas.
Russia Imports $18.2B Worth of Precision Manufacturing Machines Since 2023

Jan 25, 2025 | kyivpost.com | Olena Hrazhdan

Russia purchased over 22,000 computer numerical control (CNC) machines and components worth $18.2 billion from abroad since 2023, as per recent research. The total includes more than 10,000 CNC machines worth $403 million and more than $4 billion worth of machine tools, United24 media reported, citing research conducted by the Economic Security Council, a Ukrainian NGO. Follow our coverage of the war on the @Kyivpost_official.
Ukraine Central Bank Increases Key Rate by 1% as Inflation Reaches Double-Digits

Jan 23, 2025 | kyivpost.com | Olena Hrazhdan

Ukraine’s central bank, the National Bank of Ukraine (NBU), increased the key interest rate from 13,5% to 14,5%, raising concerns after inflation spiked above the forecast. NBU announced the decision at a monetary briefing on Thursday. Follow our coverage of the war on the @Kyivpost_official. In the summer last year, the central bank forecasted inflation to be no more than 10%, but it overlapped forecasts starting from autumn 2024.
DTEK and Danish Vestas Team Up to Expand Massive Wind Power Plant

Jan 23, 2025 | kyivpost.com | Olena Hrazhdan

DTEK Renewables is expanding the Tylihulska Wind Power Plant in the Mykolaiv region into a €450 million project ($468 million) alongside the Danish wind turbine producer Vestas. The company, working as a part of DTEK group under Ukraine’s richest man Rinat Akhmentov’s System Capital Management Holding (SCM), reached a financing agreement with lenders to purchase 64 wind turbines from Vestas, the DTEK press release said. Follow our coverage of the war on the @Kyivpost_official.
‘Men in Balaclavas’ Watch as Russian Court Fines Raiffeisen Bank $2.1 billion

Jan 21, 2025 | kyivpost.com | Olena Hrazhdan

The Kaliningrad Regional Arbitration Court granted the lawsuit filed by MKAO “Rasperia Trading Limited” against Raiffeisenbank, Strabag SE, Raiffeisen-Holding Niederösterreich-Wien, and several other foreign defendants, awarding €2 billion ($2.1 billion) in damages on Monday.