Business news from Ukraine


Project finalists will have the opportunity to develop their own design project and undergo an internship in a business environment

Ukrainian cultural organizations have developed an innovative international educational program European Design Upgrade (EDU 2.0) for graduate students. The 2021 project is aimed at the development of creative industries and support for talented students of design and creative industries and is a continuation of the implemented international project in 2020.

EDU 2.0 is supported by the Ukrainian Cultural Foundation and implemented by the Vasyl Khmelnytsky K.Fund foundation and the non-governmental organization GoLocal. UNIT.City innovation parks in Kyiv and Kharkiv are business partners.

With the program, course participants will have the opportunity to increase their awareness and competitiveness, expand their worldview and gain understanding of the latest trends and achievements of European design, which were used in the European Design Upgrade project in 2020 and preparation for Ukrainian designers in Dutch Design Week 2020.

The project program will be available in Ukrainian and English and will include blocks: “Philosophy and concept of design”, “Urban design and innovative technologies”, “Business strategies for sustainable design”, “Humanistic design of the future”, two hackathons and final presentations of design ideas business representatives.

Among the advantages of the course are lecturer and mentoring support of leading Ukrainian designers and entrepreneurs of the creative sector, an active student network of designers, applied application of design concepts and interaction throughout the project with the innovative business environment. The finalists of the project, whose ideas will find a response from the partners, will have the opportunity to undergo an internship.

The project will run from early August to late October 2021. The ideal applicant must fill out a complete questionnaire, present the idea of ​​their own project, indicate their own motivation and be a graduate of specialized universities. It is possible to become a participant of the program after filling in the form and interview-interviews with the project curators.

More about the program “Development of European Design” via the link.


The K.Fund foundation was founded by Ukrainian entrepreneur Vasyl Khmelnytsky in 2015 to support projects in the field of education and economics. K.Fund’s mission is to provide keys for development and implementation, provide opportunities for new knowledge and skills, facilitate discovery and help reach a new level.

The project is funded with support from the Ukrainian Cultural Foundation.

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Design, IT, advertising, marketing and PR saw the largest growth in the declared income in 2020 among creative industries, according to the Ministry of Culture and Information Policy.
“The Ministry of Culture and Information Policy of Ukraine, together with the team of Kyiv School of Economics and with the support of the USAID Competitive Economy Program in Ukraine, prepared a study on the volume of tax revenues to the consolidated budget of Ukraine and the payment of a single contribution by business entities in the field of creative industries in 2019 and 2020,” the ministry’s press service said.
It is noted that in 2020 the declared income fell more compared to the previous year in the performance sector (less by 17%), audiovisual sector (less by 8%), book publishing, libraries and museums (less by 3% each).
“The fall in VAT, which indicates a decrease in the volume of sales of goods and services, in some sectors reached 50% compared to 2019: theater and concert activities [less by 53%], film screenings [less by 45%], the operation of theater and concert halls and activities to support them [less by 42-43%], activities in the field of television broadcasting [less by 38%], and the functioning of museums [less by 35%],” the report said.
The following sectors showed the largest growth in the declared volume of income in 2020: design (more by 31%), IT (more by 26%), advertising, marketing, and PR (more by 5%).
“Despite the quarantine measures, registration of new businesses did not stop in 2020. Since the growth in tax revenues occurred faster than the growth in the number of business entities, this may indirectly indicate an increase in the tax burden,” the ministry said.

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New missile boats for the Ukrainian Navy will be designed in the UK as part of a previously signed memorandum on re-equipping the Naval Forces of the Ukrainian Armed Forces, Defence Attaché at the British Embassy Tim Woods said.
“These missile boats are designed specifically for Ukraine, so they will be original and will have a length of approximately 50 to 65 meters, which will provide a speed of 40 knots. It is planned to install artillery systems and missiles on them. It depends, among other things, on what kind of missiles are needed. And these can be short- or long-range missiles. This is the issue that British companies are considering right now. But these will be missiles of a new class, specially designed for Ukraine by the British industry,” Woods said in an interview with the Day newspaper.
He said that the first four boats will be constructed in the UK. At the same time, Ukrainian shipbuilders will be able to observe construction, learn and train.
Woods said that the second part, namely, four missile boats, will be constructed in Ukraine. It will be great for Ukrainian shipbuilding and also for the Navy, so these capabilities will be available in Ukraine.
The attaché believes the construction of the first ship will start early 2022.
Woods also said another option that we they studying has not yet been formalized, it is the joint design of warships of the British industry with the Ukrainian design bureau in Mykolaiv.

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