Since 1991, Chernivtsi has been a part of an independent Ukraine. In May 1999, Romania opened a consulate general in the city.

Chernivtsi coat of arms – framed by a bronze ornamental cartouche, a red heraldic shield depicting an open stone gate with a figured trident in the middle. Under the gate, there are two crossed laurel branches, tied with ribbons. The crown of the symbol is the stone crown.

The Chernivtsi flag consists of a tree, the top, and a rectangular cloth, the front of which forms framed by a red tooth-like ornament white background with an inscription in Ukrainian in the center, over which there is inscribed in Ukrainian: "Chernivtsi". Under the coat of arms, there is the sign "1408" – the date of the first written mention of the city. On both sides of the coat of arms and all four corners of the field are filled with floral ornaments and with the addition of two beech branches with nuts and leaves. The reverse side is formed by a yellow background with the coat of arms of Ukraine in the center with frames and ornaments similar to the front side.

The mayor's honorary chain is a symbol of Chernivtsi mayor's authority, which is served on behalf of the territorial community. Founded in 1908 and restored in 2008. The symbol is a medallion with the inscription engraved on it: "From Chernivtsi community to freely elected head", on the reverse – "The foundation of a free state is a free community". The medallion is attached to a chain consisting of stylized coats of arms Ukraine, Chernivtsi region and the city of Chernivtsi. The symbol is made of gold colour metal.

In the early 2010s, a new city logo was developed and approved, and at the same time the official slogan was affixed: "Chernivtsi is unique in diversity". Old and new symbols of Chernivtsi were chosen for its creation. To the left, in the foreground, there is a trumpet player who wins the trumpet tune "Marichka". In the middle of the background, there is the town hall. The former Metropolitan Residence of Bukovina and Dalmatia which is recognized as the architectural pearl of the city is pictured to the right in the background.

The colour scheme of the logo represented in orange, blue and red, the name is purple. Such a combination is characteristic of tourism, which uses the notion of happiness, well-being, the joy of relaxation, visualizing positive symbols and images in a colourful, warm and vibrant colour scheme. The new logo uses old symbols from the "Chernivtsi 600" logo.

Chernivtsi is located at the intersection of the transport arteries: E85, H03, and H10

The main water source of Chernivtsi is the Prut River in its upper reaches, which divides the city in half. Besides, there are six small streams and nine lakes within the city.

The territory of Chernivtsi is divided into three administrative city raions (districts):

Based on the last available Soviet data, the population of the city, as of 1 January 1989, was approximately 295,000 residents. Among these, there are some 172,000 Ukrainians, 46,000 Russians, 16,000 Romanians, 13,000 Moldovans, 7,000 Poles and others.

The total number of economic entities in the city is 25.4 thousand. On 1 January 2006, there were 6739 legal entities – business entities and almost 19,000 private entrepreneurs – individuals, primarily represented by small enterprises. The volume of sales and services provided to small enterprises is UAH 578 million or 22% of the total Chernivtsi volumes. The share of the city's tax revenues is almost 35%. The most attractive for small businesses are trade and services, restaurant and tourist business.

Wholesale and retail trade, industry and construction are successfully developing in Chernivtsi. In 2005, wholesale and retail sales accounted for over 64%, industry – 23%, construction – 6%, real estate operations – 2.3%, transport and communications – more than 2%.

In the industrial sector of the city, there are 10 branches, which have 70 large enterprises with a total number of employees over 20 thousand people or 13% of the working population of the city. The annual volume of industrial production at these enterprises is about 775 million UAH. The share of citywide tax revenues to the budgets of all levels of the industry is 21%. Defining industries in the city's industry are food, light, mechanical engineering and woodworking. Defining industries in the city's industry are food, light, mechanical engineering and woodworking. Food processing companies produce sugar, bakery products, alcohol, oil, meat and milk, fruits, vegetables and other products. In the light industry, the production of garments, knitwear, hosiery, rubber and leather footwear and textiles prevails. Mechanical engineering is represented by the production of oil and gas processing equipment and agricultural machinery. The timber industry is dominated by the production of lumber, furniture, joinery and other wood products.

In 2005, there were 1922 trade enterprises, 609 restaurants, 892 services in the city. There are 22 markets and micro-markets in the city. 10 million UAH are invested annually in their construction, reconstruction, improvement of trade conditions and creation of facilities for buyers. Chernivtsi City Shopping Complex, "Kalinivskiy Rynok" Municipal Enterprise is a modern multidisciplinary enterprise with powerful infrastructure. The average daily number of market visitors is 50,000 people, served by 9,100 entrepreneurs. The volume of services in 2005 amounted to almost UAH 23 million, more than UAH 18 million was paid into the city budget, or nearly 10% of the total revenues.

Municipal medical establishments provide the following medical services:

Throughout centuries Chernivtsi, as the center of Bukovyna, was forming as a multinational city with tolerance atmosphere which became the cradle of artists representing different cultures

There are many places which attract citizens of Chernivtsi and the visitors: Drama Theatre, Regional Philharmonic Society, Organ and Chamber Music Hall, puppet-theatre, Museum of Local Lore, History and Economy, Museum of Fine Arts, Bukovynian Diaspora Museum, Museum of Folk Architecture and Way of Life, memorial museums of writers, the Central Palace of Culture, the Star Alley in Teatralna Square.

In 1945, Soviet authorities opened here a cinema, later a music school. Currently, the complex houses Adam Mickiewicz Association of Polish Culture.

Apart from the Polish House, Chernivtsi also has German, Romanian and Jewish Houses.

There are 15 higher educational institutions (universities, institutes, colleges). Among them:

There are three railway stations in Chernivtsi: Central Station (38 Gagarina Street., 1.5 km (0.93 mi) north from the centre), Chernivtsi-Pivnichna Railway station (Zavods'ka str., 13 (northwest 3 km [1.9 mi]) and Chernivtsi-Pivdenna Railway station (Malovokzalna str., 21 (south 5 km [3.1 mi])

The first international contacts with the city were established on 20 July 1989, when then-Mayor of Chernivtsi City Council Pavel Kaspruk, signed a twinning agreement with the Mayor of Salt Lake City (USA) – Lowell Turner. To commemorate this event, the Cradle of Peace was erected in Chernivtsi.

Response to the Ukrainian-Russian territorial conflict in Eastern Ukraine