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Ukraine Business Roundup — April 2

In March, Ukraine received the largest budget financing from its allies since the beginning of Russia's full-scale invasion and the start of Ukraine's independence, Prime Minister Denys Shmyhal said on March 29. Ukraine received more than $9 billion in financial aid in March, including 4.5 billion euros ($4.9 billion) from the European Union through its four-year Ukraine Facility, $1.5 billion in loans from the World Bank, $880 million from the International Monetary Fund (IMF), $1.5 billion from Canada, and $230 million from Japan, according to Shmyhal. In January, Ukraine received only $400 million from Japan.

Ukraine s popular Drunken Cherry opens in London as company expands westward

While nalivka is traditionally home-made, in 2015 Ukraine’s largest restaurant group !Fest opened a bar in Lviv that focused solely on selling 17.5% cherry liquor and recreating an intimate homely experience on the cobbled streets of Lviv’s old town. Piana Vyshnia, or 'Drunken Cherry' in English, has since grown to be one of Ukraine’s most recognizable chains of bars, from Kharkiv in the east to Lviv in the west, which now has six bars. In March 2024, !Fest brought the ruby liquor to an entirely new market and opened a Piana Vyshnia in London’s Soho district.

Ukraine s popular cherry liquor bar opens first location in London

While nalivka is traditionally home-made, in 2015 Ukraine’s largest restaurant group !Fest opened a bar in Lviv that focused solely on selling 17.5% cherry liquor and recreating an intimate homely experience on the cobbled streets of Lviv’s old town. Piana Vyshnia, or 'Drunken Cherry' in English, has since grown to be one of Ukraine’s most recognizable chains of bars, from Kharkiv in the east to Lviv in the west, which now has six bars. Inside each bar, barrels of liquor line the walls and a soft red glow emanates from sculptural light fixtures.

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