Business

Energy sector still in need of vast overhaul, big investment

The government focused on fighting the pandemic this year, further stalling reform in the energy sector as the state amassed a $1 billion debt to …
Alexander Query

U.S.-Ukraine Business Council (USUBC) celebrating 25 years – 1995-2020

US-Ukraine Business Council

UkrInform: Cabinet of Ministers approves Naftogaz’s financial plan for 2020

The Cabinet of Ministers has approved Naftogaz of Ukraine’s financial plan for 2020, with a net profit projected at Hr 11.489 billion. Read more …
UkrInform

DTEK to continue introducing Wi-Fi at its coalmines

DTEK will continue the practice of introducing a wireless Wi-Fi network at its coal mining assets, Maksym Timchenko, CEO of the company, has said. “A …
Interfax-Ukraine

Ukraine’s FX reserves expand to more than $28 billion

Ukraine’s foreign exchange and gold reserves have grown to over $28 billion, which is 7.3% more than as of Dec. 1 (according to preliminary data, …
Interfax-Ukraine

Ukraine increases steel output, ranks 13th in Worldsteel rating

Ukraine’s metallurgical enterprises in November increased steel production by 30.8% compared to the same period in 2019, to 1.733 million tonnes, …
Interfax-Ukraine

Antimonopoly Committee allows Dragon Capital to buy Novinsky’s bank

The Antimonopoly Committee of Ukraine (AMCU) has approved the acquisition of Unex Bank (Kyiv) of MP Vadim Novinsky by the Cyprus Dragon Capital …
Interfax-Ukraine

Tax chief: 4 million Ukrainians haven’t paid taxes in decade

There are nearly 30 million economically active Ukrainians aged 15–70, but 4.1 million of them haven’t paid any taxes over the last 10 years. They …
Natalia Datskevych

DTEK promises carbon neutrality by 2040, wants to enter EU

Ukraine’s largest energy company DTEK wants to invest in renewable energy outside Ukraine and produce oil within the next several years. The energy …
Igor Kossov

UNIAN: Hryvnia weakens on interbank market

The National Bank of Ukraine (NBU) has set the official forex rate for Dec. 21 at Hr 27.83 to the U.S. dollar, which made the country’s national …
UNIAN

Germany to loan Ukraine 250 million euros to boost energy sector, infrastracture

The German government has agreed to spend 250 million euros to support the Ukrainian energy sector, the Ministry of Finance announced on Dec. …
Daryna Antoniuk

Over 200,000 Ukrainian entrepreneurs apply for state economic assistance

Ukrainians have submitted over 200,000 electronic applications for one-time economic assistance from the government to receive Hr 8,000 ($283) each. …
Daryna Antoniuk

State Property Fund sells UkrSpyrt factory for record $8.4 million

The State Property Fund has sold an alcohol factory in Poltava Oblast from the Ukrainian potable ethanol monopoly UkrSpyrt for a record $8.4 million, …
Daryna Antoniuk

UNIAN: Ukraine central bank buys almost $300 million on interbank market

The National Bank of Ukraine this week, Dec. 14-18, bought $299.6 million on the interbank foreign exchange market. Read more here.
UNIAN

UkrInform: Trade between Ukraine and Pakistan doubled for 9 months

The volume of bilateral trade between Ukraine and Pakistan for nine months of 2020 amounted to $237.5 million, which is 2.3 times higher than in …
UkrInform

IMF to review Ukraine’s loan agreement on Dec. 21-23

Gosta Ljungman, the International Monetary Fund resident representative in Ukraine, said on Dec. 18 that an IMF mission “will start the first review” …
Kyiv Post

Ukraine receives $ 670 million from extra placement of 2033 eurobonds

Ukraine on Dec. 18 received funds from an additional placement of eurobonds maturing on March 15, 2033 with a nominal volume of $600 million, which …
Interfax-Ukraine

Parliament passes ‘investment nanny’ law to attract big investors

The Verkhovna Rada, the Ukrainian parliament, has passed a law on increasing state support for large investment projects in yet another attempt to …
Liza Semko
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