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Wednesday, October 7, 2026
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Business — Page 16

IKEA has decided to get rid of all four plants in Russia and lay off workers

IKEA has decided to get rid of all four plants in Russia and lay off workers

The Swedish company IKEA, which sells furniture and household goods, has decided to get rid of all four factories in Russia and lay off workers. This was reported on her website. In early March, IKEA suspended stores in Russia and Belarus, and now decided to say goodbye to local production. “Unfortunately, the environment has not […]

One of the largest producers of mineral water in Ukraine has been arrested

One of the largest producers of mineral water in Ukraine has been arrested

A Ukrainian court has seized the corporate rights of companies that are among the largest producers of mineral water in the country. These are securities and cash that are part of the authorized capital of enterprises, the beneficial owner of which is a Russian oligarch, according to the website of the Prosecutor General’s Office. “According […]

Two new industrial parks will be built in Zakarpattia and Kyiv region

Two new industrial parks will be built in Zakarpattia and Kyiv region

It became known that the government continues to work on building a network of industrial parks in Ukraine. This was reported by the press service of the Ministry of Economy. At a meeting of the Cabinet of Ministers of Ukraine, a decision was made to include two new objects in the relevant Register. We are […]

Spotify forecasts $100 billion in revenue over 10 years

Spotify forecasts $100 billion in revenue over 10 years

Spotify said it expects to reach $ 100 billion in annual revenue over the next 10 years. Such high profits should bring its further expansion in the field of podcasts and audiobooks. The streaming audio company has organized its first investor day since going public in 2018, hoping to warm up Wall Street’s enthusiasm despite […]

About 90% of enterprises in the Kyiv region resumed work

About 90% of enterprises in the Kyiv region resumed work

In the period from March to April, more than 1,000 new businesses were registered. Since the beginning of the year, the budget has received almost UAH 7.6 billion from small and medium-sized businesses. Kyiv region remains in the top three attractive areas for business. About 90% of enterprises in the region have already resumed their […]

PayPal lays off employees to cut costs

PayPal lays off employees to cut costs

According to Bloomberg, PayPal fired its Risk and Operations Department this week. This is the last in a series of layoffs in the company – and it is unlikely to be the last. The company also reportedly recently cut staff in Chicago, Omaha, Nebraska and Chandler, Arizona. In addition, there were earlier plans to lay […]

Russian oligarchs offer to buy off Western sanctions

Russian oligarchs offer to buy off Western sanctions

According to the head of the Canadian Ministry of Finance, she receives phone calls from oligarchs from Russia, who are on the list of sanctions and offer to pay for the opportunity to get out of the sanctions. Canadian Finance Minister Christa Freeland (pictured) told her six fellow ministers that she was being called by […]

The European Union has abolished import duties on all Ukrainian exports for a year

The European Union has abolished import duties on all Ukrainian exports for a year

The Council of the European Union has adopted a resolution allowing the temporary liberalization of trade and other trade concessions on certain Ukrainian goods. This is reported on the website of the Council of the EU. “This means that import duties on all Ukrainian exports to the European Union will not be paid for one […]

Alibaba fires 40% of AliExpress employees in Russia over the war in Ukraine

Alibaba fires 40% of AliExpress employees in Russia over the war in Ukraine

The Russian-Chinese trading platform AliExpress Russia has laid off about 40% of its employees in Russia due to the fact that cross-border business has been disrupted due to the war in Ukraine, Nikkei reported on Friday. According to a Nikkei source, the joint venture’s commercial unit suffered the most from the cuts. AliExpress Russia, a […]

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