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The timing of the “Made in Ukraine” event that gathered over 400 entrepreneurs, government officials, foreign guests, and journalists in central Kyiv on Feb. 26 was no coincidence. In the absence of further U.S. funding, Ukraine is turning to its business in the hopes of being less dependent on what Economy Minister Yuliia Svyrydenko called a “sometimes volatile external environment." President Volodymyr Zelensky made a surprise appearance at the event to formally announce the new “Made in Ukraine” economic platform whose aim is to “facilitate dialogue between the state and businesses."
Diia.City, the special tax regime set up for local and foreign tech firms in Ukraine practically on the eve of the full-scale invasion, is in trouble. It was supposed to be the change that finally made the business climate attractive and beneficial for IT companies and startups. Since it was unveiled on Feb. 8, 2022, 800 companies have become “residents” of Diia.City.
The following is the Nov. 21, 2023 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here.
Persisting protests
Polish protests blocking three major Poland-Ukraine border crossings have now stretched into their third week, negotiations
Polish protests blocking three major Poland-Ukraine border crossings have now stretched into their third week, negotiations are going nowhere, and there is an increasing risk that the protests are going to spread to other EU countries that border Ukraine. If you haven’t been following closely, on Nov. 7 a group of Polish truckers began blocking Ukrainian haulers wanting to enter Poland. As the Ukrainian side repudiates the Polish protesters' complaints, analysts in Poland say that there is likely broad support in Poland for reinstating EU permits and restoring a level playing field.