Economy

Businesses have been hit hard by Russia's invasion of Ukraine. Finca Coffee, a coffee roasting company, managed to relocate its operation from Hostomel, outside Kyiv, to Rivne, in western Urkaine as part of a ministry of economy's programme, which supports entrepreneurs to equipment and workers to safer areas. Smaller businesses, however, have to fend for themselves.
Businesses have been hit hard by Russia's invasion of Ukraine. Finca Coffee, a coffee roasting company, managed to relocate its operation from Hostomel, outside Kyiv, to Rivne, in western Urkaine as part of a ministry of economy's programme, which supports entrepreneurs to equipment and workers to safer areas. Smaller businesses, however, have to fend for themselves. © Vitaliy Koval Facebook page

Ukraine: Businesses Relocate to Safer West

With government help, hundreds of strategic enterprises have moved to the safer west of the country. Smaller businesses, however, have to fend for themselves.

13 Jun 22
Russian troops occupied Volodymyr Semiryaga’s farm, in Peresadivka, a village in Mykolaiv region, for one week in March, destroying most of it. The area is now back under Ukraine's control but as fighting continues about 40 kilometres from his farm, the farmer cannot receive any credit to finance farming activities and purchase new equipment.
Russian troops occupied Volodymyr Semiryaga’s farm, in Peresadivka, a village in Mykolaiv region, for one week in March, destroying most of it. The area is now back under Ukraine's control but as fighting continues about 40 kilometres from his farm, the farmer cannot receive any credit to finance farming activities and purchase new equipment. © Oksana Cooper

Ukraine: How Russia is Emptying the World’s Breadbasket

Moscow is accused of using hunger as a weapon as it blocks ports, bombs storage facilities and takes grain reserves.

5 May 22
A view of the towers of Termoelectrica, Moldova's producer and supplier of thermal and electric energy in Chisinau. Moldova remains highly vulnerable in the wake of Russia's invasion of Ukraine. The government has not applied sanctions on Russia as the country's economy and its energy security are deeply dependent on Moscow.
A view of the towers of Termoelectrica, Moldova's producer and supplier of thermal and electric energy in Chisinau. Moldova remains highly vulnerable in the wake of Russia's invasion of Ukraine. The government has not applied sanctions on Russia as the country's economy and its energy security are deeply dependent on Moscow. © Andreea Campeanu/Getty Images

Ukraine War Rocks Moldova’s Fragile Economy

Chisinau has not imposed sanctions on Russia, but is looking into economic alternatives to Moscow.

29 Mar 22

Central Asian Migrants Leave Russia

Millions from all over the region have historically travelled there to work, with their remittances playing a significant part in many countries’ economies.

25 Mar 22
After thousands of computers used to mine cryptocurrency overwhelmed the power grid in Georgia’s mountainous region of Svaneti at the height of winter, 200 residents gathered in the medieval church of St. George in Mestia, Svaneti's main centre, to take an oath on the ancient icon of the saint that they would never mine cryptocurrencies.
After thousands of computers used to mine cryptocurrency overwhelmed the power grid in Georgia’s mountainous region of Svaneti at the height of winter, 200 residents gathered in the medieval church of St. George in Mestia, Svaneti's main centre, to take an oath on the ancient icon of the saint that they would never mine cryptocurrencies. © IWPR

Crypto Mining Overtakes Georgian Power Grid

Svaneti residents turned to ancient rituals to fight electricity shortages caused by virtual currencies.

24 Mar 22
Support local journalists
DONATE