Business news from Ukraine

Business news from Ukraine

Kyivstar opens office in New York

Kyivstar Group Ltd. (Nasdaq: KYIV), the parent company of Ukraine’s largest telecommunications operator Kyivstar, has announced the opening of its own office at Rockefeller Center in New York, marking an important stage in the company’s international development following its historic Nasdaq listing in August 2025.

“The opening of our New York office is an important milestone in the international development of Kyivstar Group Ltd.,” Kyivstar President and CEO Oleksandr Komarov was quoted as saying in the release.

According to him, a presence in one of the world’s key financial centers will help strengthen relations with investors and international partners, as well as expand cooperation.

The Kyivstar office is located at 1270 Avenue of the Americas. It is expected to support the company’s investor relations and corporate communications activities, as well as strengthen its presence in the United States.

“The opening of the office also creates additional opportunities to present Ukrainian business and its investment potential to the international community,” Kyivstar emphasized.

At the same time, the office will not perform commercial, contractual or operational functions on behalf of the Group, the press release said.

The company recalled that Kyivstar is celebrating the first anniversary of its Nasdaq listing this summer. During this period, the company continued to develop its portfolio of digital products and implement strategic initiatives, including the expansion of digital healthcare services, the development of the Uklon platform and the introduction of new telecommunications solutions, including Starlink Direct to Cell.

“In addition, the new office will become the New York base for the Invest In Ukraine NOW! initiative launched by VEON and Kyivstar in August 2025,” the company said.

As reported, Kyivstar increased EBITDA in the second quarter of 2026 by 21.1% to UAH 8.3 billion, while revenue rose by 27% to UAH 14.9 billion.

In 2025, the Group increased EBITDA by 30% to UAH 27 billion, while revenue grew by 30.3% to UAH 48.2 billion.

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New York Remains World’s Most Expensive City for Renters

New York has retained the top spot among 69 cities worldwide in terms of rental costs for both one-bedroom and three-bedroom apartments, according to data from the Deutsche Bank Research Institute.

In the ranking of three-bedroom apartment rents, Zurich, San Francisco, Boston, and Singapore follow New York. London ranked eighth, Paris 21st, Frankfurt 30th, Tokyo 40th, and Seoul 44th.

The authors of the study point out that a high nominal salary does not always translate to high disposable income. New York ranks among the top five cities globally in terms of net wages, yet a significant portion of residents’ income is consumed by housing costs.

The contrast with Tokyo is particularly striking: renting a three-bedroom apartment in the Japanese capital costs about four times less than in New York.

Data from Deutsche Bank show that housing costs are becoming one of the main factors driving differences in real living standards among the world’s largest financial centers.

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Ukreximbank closes its representative offices in London and New York

State-owned Ukreximbank (Kyiv) is closing its representative offices in the United Kingdom and the United States to optimize operating costs, the issuer said in a statement in the disclosure system of the National Securities and Stock Market Commission (NSSMC).
According to it, the above decisions were made by the supervisory board of the state-owned bank on August 30, 2024.
According to the National Bank of Ukraine (NBU), as of July 1, 2024, Ukreximbank ranked 3rd (UAH 287.18 billion) in terms of total assets among 62 banks in the country.
The net profit of the financial institution in 2023 amounted to UAH 3.25 billion.

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New York, London and Singapore remain main financial centers of world – study

New York has once again taken the top spot in the list of the world’s largest financial centers, according to a survey by Z/Yen Group Ltd. financial advisory company, which calculates the Global Financial Centers Index (GFCI).

New York has been in the lead since the fall of 2018. Compared to the previous version of the ranking, published in September last year, New York’s score increased to 764 from 763, and London’s, which ranks second, to 747 from 744.

The top three leaders are still Singapore with 742 points, followed by Hong Kong in fourth place and San Francisco in fifth. Shanghai moved up to sixth place, Geneva to seventh, while Los Angeles slipped two positions to eighth. Chicago retained its ninth place, while Seoul moved up to tenth, displacing Washington.

The most significant rise in the ranking was demonstrated by São Paulo (up 21 places) and Wellington (up 15), while Miami (down 14 places) and Helsinki (down 12 places) showed the sharpest drops.

Among the financial centers of Eastern Europe and Central Asia, Astana is in the lead (66th place).

The World Financial Centers Index was first published in 2007 and is updated every six months (the current edition is the 35th). The latest ranking was based on a survey of nearly 8.5 thousand respondents.

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Volodymyr Zelenskyy received highest Atlantic Council award in New York

During his visit to the United States, President of Ukraine Volodymyr Zelenskyy was awarded the Atlantic Council Global Citizen Awards, which recognizes outstanding people who contribute to improving the world.

According to the President’s press service, the Atlantic Council’s highest honor was awarded to the head of the Ukrainian state in May of this year in Kyiv. The official award ceremony took place in New York, where he dedicated the award to the Ukrainian people and partners.

“To be honest, this is not my award. I dedicate this award to all Ukrainians in uniform. I dedicate this award to all our children who were killed by Russian terrorists. We will never forget this. I dedicate this award to all the fathers and mothers who raised such brave Ukrainian soldiers, as well as to all the teachers and doctors who did not leave Ukraine when the full-scale war began,” Zelensky said at the ceremony.

“And, of course, I dedicate this award to all of Ukraine’s partners: The United States, the EU, all the brave countries that stood by us and supported us. Thank you very much! I dedicate this award to all the people in the world who are fighting for freedom and democracy, just like us, Ukrainians. Glory to Ukraine!” – the President added.

This year’s Global Citizen Awards 2023 was also attended by: German Chancellor Olaf Scholz, who received the award for his significant contribution to peace in Europe and countering the threat to global democracy posed by Russia; Japanese Prime Minister Fumio Kishida, who was recognized for his leadership in the G7 in strengthening the Global South and promoting international cooperation U.S. Secretary of the Treasury Janet Yellen, who was honored for her 40-year career as an economist and political leadership in ensuring a sustainable and inclusive economy in the United States and the world; U.S. Secretary of the Treasury Janet Yellen, who was honored for her 40-year career as an economist and political leadership in ensuring a sustainable and inclusive economy in the United States and the world.

The event was attended by about 700 people, including current and former heads of state and government, UN ambassadors, representatives of the US administration, global business leaders, media and opinion leaders. The ceremony was covered by leading US media.

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Companies’ migration from London Stock Exchange to New York will continue – experts

Companies are increasingly refusing to list in London in favor of the New York Stock Exchange, and this trend may continue, Bloomberg writes with reference to the opinion of analysts.
“If London fails to regain its status as a leading financial center, the trend away from London, mainly to New York, is likely to continue,” says Freshfields Bruckhaus Deringer LLP partner Oliver Lazenby.
Just this week, two major companies, construction materials manufacturer CRH Plc and IT firm Arm Ltd. opted to list in New York.
Meanwhile, bookmaker Flutter Entertainment Plc and biopharmaceutical Indivior Plc are planning secondary listings in the U.S.
Even some companies in the FTSE 100 Index are considering moving their listings to New York, said sources who wished to remain anonymous.
According to Citigroup’s Paddy Evans, U.S. exchanges attract companies with access to a larger capital market, higher valuations and less control over top executive compensation.
The capitalization of the British stock market now stands at about $3 trillion, compared with a peak of $4.3 trillion in 2007. Meanwhile, the combined market value of U.S.-listed companies has more than doubled over the same period, to $43 trillion, according to Bloomberg estimates.

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