Lviv Business


Issue 127, October 2019.
Ukraine’s IT sector is expanding rapidly and will play an increasingly important role in the country’s economy over the coming years as revenues continue to rise and more qualified Ukrainians enter the IT workforce


Issue 126, September 2019.
The EU Enlargement Process, starting with the Berlin European Council of 1999 brought rapidly into the European Union ten new Member States: eight Central and Eastern European countries, plus Cyprus and Malta. The other Eastern European countries found themselves confronted with a new political and economic environment, notably for their economies and industries which had been based for more than half a century to GOST standards inherited from the Soviet Union. A similar situation appeared around the Mediterranean.

BIG MONEY: Ukraine to introduce new UAH 1000 banknote in autumn 2019

Issue 126, September 2019.
The new UAH 1000 bill will enter circulation in October as the National Bank of Ukraine updates the national currency

The EU’s crescendo fight against disinformation

Issue 125, July 2019.
As will be explained in the next paragraphs, disinformation has not only a long history, but also a future – hopefully not a bright future. In its modern meaning, disinformation means ‘verifiably false or misleading information that is created, presented and disseminated for economic gain or to intentionally deceive the public, and may cause public harm’.

New Credit Agricole Bank branch for corporate clients

Issue 125, July 2019.
In the beginning of June, the new Credit Agricole Bank branch with a focus on comprehensive services to all segments and areas of corporate business was officially opened at 23 Pekarska Street in Lviv.


Issue 124, June 2019.
On 14 May 2019, Ukraine and the European Union (EU) celebrated the 10th Anniversary of the Eastern Partnership with a High-Level Conference in Brussels attended by all its members. Launched on 7 May 2009 as a joint policy initiative between the EU and its Member States, on the one part, and Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine, on the other part, the Partnership progressed significantly with the adoption of Association Agreements (AA) between Eastern European and their EU partners, and with the Deep and Comprehensive Free Trade Agreements entered into between the EU partners and Ukraine, Moldova and Georgia respectively.

ARZINGER: Impeccable reputation for honesty and integrity

Issue 124, June 2019.
Arzinger is one of the leading law firms of Ukraine with offices in Kyiv, Lviv and Odesa. For over 15 years Arzinger has provided high-quality legal support to its clients, among which are many well-known international brands.

Strong Architecture Thanks to Strong Women!

Issue 121, March 2019.
You can’t have a successful business without successful people. They strive for sustainable growth while embodying ambitious ideas and courageous decision-making. At Parus Development, half of these people are women and we’d like to introduce them to you.

Taras Bachynskyy: 2019 LEGAL FORECAST

Issue 119, January 2019.
Ukrainian legal services market has been growing rapidly in recent years. Experts estimate it to be worth between $500-700 million a year (for comparison, Germany’s is worth $27 billion and more than $100 billion in the USA). Until recently, there was what’s known “lawyer’s craft”, or individual consulting companies. Success was measured by the number of “acquaintances” or opportunities a company had. The situation is now changing. The growth in quantity of companies providing these services doesn’t always mean an increase in the level of such services. Companies don’t compete for the values of their clients, but for the values they’ve set for themselves. How do you choose the one that will not only be able to provide professional, high-quality services, but also meets the needs of the client?

Double act educating Ukrainian TV audiences on international affairs

Issue 119, January 2019.
With Ukraine currently at the center of a geopolitical showdown between Russia and the Western world, it has never been more important for Ukrainian audiences to have a solid grasp of contemporary international affairs. This is where TV presenter double act Peter Zalmayev and Taras Berezovets aim to make their mark. The duo host weekly news review show The Week on Ukraine’s Pryamiy channel. Each Saturday evening, they seek to provide analysis of the biggest global headlines from the past week, with a particular focus on Russian hybrid war activities around the world that serve as extensions or echoes of Ukraine’s own struggle with the Kremlin. “One of our main goals is to be educational,” says Berezovets. “This often means providing our viewers with the necessary background and explaining the broader context of international events. After all, politics does not exist in a vacuum.”