The top 100 largest state-owned companies in Ukraine in 2017 saw net profit rise by 38.5% compared to 2016, to UAH 44.4 billion, while 88.5% of this amount was the profit of Naftogaz, according to data released by the Ministry of Economic Development and Trade. “The main factor of the growth of Naftogaz Ukrainy’s profit … Read more
The TAS Group of Sergiy Tigipko has reached a preliminary agreement on acquisition of PrJSC Kuznya on Rybalsky Plant (both based in Kyiv), the press service of the group told Interfax-Ukraine on Thursday. “At the current stage an application to buy shares in PrJSC Kuznya on Rybalsky Plant has been submitted to the Antimonopoly Committee … Read more
ICU investment group, one of the largest on the Ukrainian market, has entered the venture capital market and launched first five investment projects, ICU Director Roman Nikitov has said. “We only have started investing this year, it took us several years to make this decision… We made five investments,” he said at the Ukrainian Financial … Read more
Ukrainian President Petro Poroshenko has expressed doubts that a decision to create the land market will be made in the near future. “I understand that, unfortunately, there are no chances for a balanced state decision to create, for example, a civilized land market … now it will be difficult to do,” he said from the … Read more
There are currently no problem banks in Ukraine, Kostiantyn Vorushilin, the managing director of the Individuals’ Deposit Guarantee Fund, has said. “Today there are no problem banks. There are banks where there are supervisors. The NBU is thoroughly supervising all the banks. All the operations of all banks are being monitored … We monitor those … Read more
Sweden’s IKEA, the largest furniture and household goods retailer in the world, has officially announced the opening of a first store in Ukraine in the city store format in the shopping and entertainment center Ocean Mall in 2019. “The company will open its first store of the new city format in Kyiv in 2019. It … Read more
Germany’s Bayer chemical concern has launched a seed plant in the village of Pochuiky (Zhytomyr region) for $200 million, Ukrainian President Petro Poroshenko has written on his Facebook page. “Today [on September 5] in Zhytomyr region, a new modern plant for the production of seeds of agricultural products of Bayer company was opened. These are … Read more
Ukraine’s Finance Ministry has paid $444 million for the sixth coupon on government external loan bonds (eurobonds), the press service of the ministry has told Interfax-Ukraine. The ministry recalled that the first Monday of September is a day off in the United States, the coupon was paid on September 4. As reported, these eurobonds were … Read more
Dragon Capital Investments Limited (Cyprus) with the ultimate beneficiary Tomas Fiala, which owned a dominating controlling stake in PJSC KMZ Industries (Poltava region), has finished squeeze-out for shares belonged to minority shareholders. KMZ Industries reported on Tuesday that the stake held by Dragon Capital after the squeeze-out grew from 98.51589% to 100%. The price of … Read more
The Verkhovna Rada has rejected the European integration bill, which adapts the Ukrainian legislation in the field of intellectual property to the EU legislation in terms of the rights to protect inventions and utility models. An Interfax-Ukraine correspondent said corresponding bill No. 7538 on amending certain legislative acts of Ukraine regarding the improvement of the … Read more