Ukrgazvydobuvannia opens two new fields with reserves of 2.7 bcm of gas

JSC Ukrgazvydobuvannia in June 2019 opened new fields in Kharkiv and Poltava regions. According to the press service of the company, in particular, in Kharkiv region, after testing an exploratory well with a depth of over 3,700 meters, an oil inflow was obtained. Oil resources in the field are about 130,000 tonnes. In Poltava region, … Read more

Kyivstar plans to provide access to 4G for 75% of Ukrainian population in 2019

The Kyivstar mobile communications operator plans in 2019 to expand the 4G (LTE) mobile communication network, covering the territory of Ukraine where 75% of Ukrainian population lives, President of Kyivstar Alexander Komarov told reporters in Lviv on Saturday. “We invest a lot in expanding coverage, but we invest even more in coverage capacity in order … Read more

Darnitsa joins the European Business Association

PrJSC Pharmaceutical Firm Darnitsa (Kyiv) has become a member of the European Business Association (EBA), the company’s press service reported.    “The primary goal of our cooperation with EBA is to take part in solving the issues, important for the country’s investment climate and for the development of the Ukrainian pharmaceuticals industry,” Dmytro Shymkiv, the … Read more

Ukrainian mobile communications market first in six year to grow higher than inflation in 2019

The mobile communications market in Ukraine first since 2014 could show positive growth of revenue in 2019 adjusted to inflation, President of Kyivstar mobile communications operator Alexander Komarov told reporters in Lviv on Saturday. “In 2019, for the first time since 2014, we will be able to show positive growth with an adjustment to inflation. … Read more

Naftogaz increases share of gas imports to 66% in 2018

National joint-stock company Naftogaz Ukrainy in 2018 increased its share of natural gas imports to the country to 66%, which is 5 percentage points more than in 2017 (61%), according to consolidated statements of the group posted on its website last week. According to the document, Naftogaz in 2018 bought gas from 18 European suppliers … Read more

Group DF refutes information about alleged sale of Firtash’s stake in Inter TV channel

Group DF, which unites the assets of Ukrainian businessman Dmytro Firtash, categorically denies reports by a number of Ukrainian media about the alleged sale by the businessman of his stake in Inter TV channel. “There were and are no talks with anyone about the sale of Firtash’s share in Inter TV Channel,” says a statement … Read more

Naftogaz sees 71% fall in net profit in 2018 – consolidated statements

National joint-stock company Naftogaz Ukrainy in 2018 saw UAH 11.567 billion in net profit, which is 70.6% less than in 2017 (UAH 39.449 billion), according to the group’s consolidated statements published on Thursday. The group’s net income decreased by UAH 27.9 billion compared to 2017, mostly due to the effects of reflecting the Stockholm arbitration … Read more

Transit of Ukrainian goods via Russia possible with use of GLONASS seals – decree

The transit of Ukrainian goods by road and rail to third countries via Russia will be resolved once their traceability with GLONASS-based seals is ensured, according to the amendments to a presidential decree on the application of special economic measures over Ukraine’s unfriendly actions in respect of Russian citizens and legal entities signed in October … Read more

Liovochkin affiliated company to build up 95% of shares in Zakarpattiaoblenergo

Energy Ukraine TV LLC, holding a large controlling stake in PrJSC Zakarpattiaoblenergo (85.64653%), has signed a sale and purchase agreement, after the implementation of which the limited liability company will become the holder of a dominating take in the power supply company – 95.21697%, according to data in the information disclosure system of the National … Read more

Ukraine’s plans to launch 5G in 2020 too

Ukrainian mobile communications operators and vendors selling network equipment believe that 5G communication could be launched in Ukraine in 2020 only in the specific area with specific functionality, and the pilot launch across Ukraine is possible only in two or three years. “If we set a task for ourselves, we can fulfill it next year … Read more