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Business news: companies, markets, investment climate, taxes and opportunities for entrepreneurs.
OpenAI removes limits on text chats in free ChatGPT
Unlimited correspondence OpenAI plans to expand the possibilities of free tariffs. Starting next week, Free users will be able to have unlimited text chats with ChatGPT.
Meta was fined $567 million due to the safety of children on social networks
The company Meta Platforms must pay $567 million to a special fund for mental health of young people and change the principles of operation of Facebook and Instagram for minors. A New Mexico court found the platforms a public threat because of their impact on children and insufficient protections against sexual exploitation.
What changes are proposed? One of the draft laws provides for strengthening the norms regarding the use of the state language. In particular, it is planned to: expand the list of officials who are obliged to use the Ukrainian language during the performance of official duties; to simplify the procedure of checks and consideration of complaints regarding violations of language legislation; strengthen the protection of the Ukrainian language in the field of education, culture, activities of local self-government bodies and during election processes. The parliament notes that international partners will be informed in advance about the proposed changes in order to avoid speculations about a possible violation of the rights of national minorities. Fines for Russian music can increase thousands of times. The Committee also supported the draft law, which introduces a real mechanism of responsibility for the reproduction of Russian music in public institutions and the service sector. It is proposed to establish the following fines: UAH 8.5 thousand - for the first violation; up to UAH 170,000 for repeated violations. Currently, the legislation also contains a ban on the public reproduction of Russian music in certain cases, but the current administrative fines are only from 17 to 170 hryvnias, which, according to the authors of the draft law, does not have a deterrent effect. How the punishment procedure will change The document also provides for a change in the prosecution mechanism. If the law is passed, the Commissioner for the Protection of the State Language will be able to impose a fine directly during the inspection, without a prior order or requirement to eliminate the violation. This should make control more operational and effective. The committee also asks to support the book industry In addition to the language draft laws, the parliamentary committee appealed to the government with a proposal to strengthen support for the Ukrainian publishing industry. Among the initiatives: the allocation of funds for the restoration of the Book Chamber building, damaged as a result of Russian shelling; financing of equipping the book depository with the necessary equipment; development of assistance programs for Ukrainian publishing houses that suffered losses due to a full-scale war. Currently, the draft laws are only recommended by the committee for consideration. The final decision on the introduction of new fines and changes to the language legislation must be taken by the Verkhovna Rada during the voting.
The Committee of the Verkhovna Rada on humanitarian and information policy recommended that the parliament adopt draft laws that strengthen the protection of the Ukrainian language and introduce effective fines for the public reproduction of Russian music in institutions and the service sector. The initiators explain that the current ban actually does not work because of the symbolic amounts of punishment.
Massive attack on the Kyiv region: which Ukrainian companies were affected by the Russian shelling
As a result of the massive Russian attack on Kyiv and the Kyiv region on the night of August 5, logistics centers, warehouses and production facilities of a number of Ukrainian and international companies were damaged. Businesses are already assessing the scale of destruction and damage, while some facilities have temporarily suspended work.
Ukraine is moving to a new electronic signature standard: what will change from September 1
From September 1, 2026, a new standard of qualified electronic signature (QES) will come into force in Ukraine. The Cabinet of Ministers decided on the final transition to the Ukrainian Kupina cryptographic algorithm, which will replace the outdated Soviet GOST standard. The new algorithm should strengthen the protection of electronic signatures against modern cyber threats and ensure the technological independence of the state.
Losses in the billions: Wildberries moves warehouses abroad after Ukraine destroys more than 20% of logistics capacity
The largest Russian marketplace Wildberries decided to move long-term storage goods to Kazakhstan, Uzbekistan and Belarus after Ukrainian drone attacks destroyed and damaged more than 20% of its logistics facilities. The company strives to minimize the risks of new losses and preserve product stocks.
Visa buys AI company BioCatch for $2.4 billion: how new technologies will change fraud protection
Visa has announced one of the biggest deals in fintech, acquiring BioCatch for $2.4 billion, as the payments giant plans to significantly boost its fight against online fraud by using artificial intelligence and behavioral biometrics to identify criminals before a payment is made.
For the fifth month in a row, business in Ukraine positively assesses its activities: what supports the economy and what risks remain
In July 2026, Ukrainian business demonstrated positive expectations for its own economic activity for the fifth month in a row. Despite the war, logistical difficulties and shortage of personnel, enterprises continue to work in the conditions of gradual recovery of the economy. The main factors of support were international financial aid, state investments in reconstruction, stable operation of the energy system and active consumer demand. At the same time, certain industries continue to face significant challenges that hold back the pace of development.
The taxi market in Ukraine is growing rapidly: the volume exceeded UAH 46 billion, but more than 90% of drivers work in the shadows
The Ukrainian online taxi ordering market continues to develop actively and has already approached the $1 billion mark. The number of trips is increasing every year, and digital services have finally become the main way to call a car. At the same time, the industry remains one of the most marginalized in the economy: only a small part of drivers work officially, due to which the state budget loses billions of hryvnias in tax revenue every year. The authorities have already prepared a number of legislative changes that should legalize the market, simplify the work of drivers and change the rules of taxation.
Almost every third business in Ukraine was at risk of closure: what a new study showed
Ukrainian small and medium-sized businesses continue to operate in conditions of high uncertainty, but financial pressure, staff shortages and rising costs increasingly affect their sustainability. A new study found that more than half of businesses have already downsized, and nearly a third are on the verge of shutting down. We tell you what factors put the most pressure on business, why entrepreneurs refuse loans, and what changes they consider critically necessary for the recovery of the economy.
Canadian company to buy Polish chain Żabka for $8.6 billion
The Canadian company Alimentation Couche-Tard, which owns the Circle K chain of stores, agreed to buy a controlling stake in the largest operator of convenience stores in Poland - the Żabka Group chain. As reported in Couche-Tard, the value of the deal is about 32.62 billion Polish zlotys ($8.6 billion).
Apple is preparing for record sales growth over the past five years
Apple is poised for its strongest June quarter sales growth in five years thanks to a decision to keep iPhone prices stable. Despite the increase in the price of iPad and MacBook due to the shortage of memory chips, the company decided not to increase the price of its main product.