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Motor Sich transfers management rights of Snizhne Machine-Building Plant to foreign company

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PJSC Motor Sich (Zaporizhia) has transferred management rights of its Snizhne Machine-Building Plant (SMBP), part of the company located in the area of Donetsk region beyond Ukrainian government control, to a foreign company, the Prague-based U.S.-government funded Radio Free Liberty/Radio Europe’s (RFE/RL) Donbas.Realii bureau has said, citing Motor Sich’s Honorary President and Member of Ukrainian … Read more

Canadian TIU builds 10.5 MW solar power plant in Dnipropetrovsk region

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TIU Canada has built a solar power plant with an installed capacity of 10.5 MW in the town of Nikopol, Dnipropetrovsk region, the company’s press service said. “The total investment amounted to EUR 10.5 million,” it said. The National Commission for State Regulation of Energy, Housing and Utilities Services (NCER) has already established a feed-in … Read more

Motor Sich officially announces loss of control over assets of Snizhne plant in ORDLO

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PJSC Motor Sich (Zaporizhia) has issued an official announcement about the loss of control over the assets of the Snizne Machine-Building Plant, which is the part of the company and is located in the area of Donetsk region beyond Ukrainian government control. “The public joint-stock company Motor Sich has announced the loss of control since … Read more

Poverty in Ukraine falls to 12% in 2017

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The poverty level in Ukraine fell to 12% in 2017, according to Kyiv International Institute of Sociology (KIIS), the Dzerkalo Tyzhnia.Ukraine (ZN.UA) weekly has reported, referring to Deputy Execute Director of KIIS Viktoria Zakhozha. She said that from 1994 to 2017, the poverty level in Ukraine changed. The worst situation was in the late 1990s. … Read more

KCBW almost doubles sales in 2017

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Kriukov Car Building Works (KCBW, Poltava region) in 2017, according to live data, increased sales of products by 1.8 times compared to 2016, to UAH 3.6 billion, according to the website of the plant. According to the report, over the past year the plant sold more than 2,000 freight cars, which is 30% more than … Read more

SD Capital finalizes deal to sell towing company operating in Yuzhny seaport to DP World’s subsidiary

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P&O Maritime, a fully owned subsidiary of DP World Group, has started operating in Ukraine. The company will provide towing services in the Yuzhny seaport (Odesa region) via the acquisition of a towing company. The press service of SD Capital investment company founded by the co-owner of TIS Group Andriy Stavnitser and its manager Filip … Read more

Dragon Capital buying Victoria Gardens mall in Lviv, ECO Tower business center in Zaporizhia

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The Antimonopoly Committee of Ukraine has permitted Dragon Capital Investments Limited (Nicosia, Cyprus) to acquire stakes in Ukrainian Commercial Property LLC (Zaporizhia) and Phoenix Capital LLC (Lviv), which own ECO Tower class A business center (earlier Baida Business Hall) and Victoria Gardens shopping and leisure center respectively. The committee said on Tuesday that it permitted … Read more

Energy ministry announces tender to select independent members of Ukrenergo’s supervisory board

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Ukraine’s Energy and Coal Industry Ministry has announced a tender to select independent members of Ukrenergo’s supervisory board. According to an announcement on the ministry’s website, applications and documents for the tender can be submitted before March 2, 2018. The ministry seeks to create the supervisory board consisting of seven members with the following qualification: … Read more

Ukraine posts 26.8% rise in imports of gas in 2017

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Ukraine increased imports of natural gas by 26.8% or 2.972 billion cubic meters (bcm) in 2017, to 14.05 bcm, according to public joint-stock company Ukrtransgaz. According to Interfax-Ukraine’s calculations, imports from Slovakia in 2017 amounted to 9.91 bcm, Hungary to 2.835 bcm, and Poland to 1.305 bcm. Imports in December 2017 amounted to 954.9 million … Read more

Yatsenyuk sells 30% of Espresso.TV for $1.5 mln

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Former prime minister of Ukraine Arseniy Yatsenyuk has sold 30% of shares in Espreso.TV to U.S. Atmosphere Entertainment, Inc. (New York) under control of Ivan Zhevaho, son of MP Kostiantyn Zhevaho, for $1.465 million, Yatsenyuk’s spokesperson Olha Lappo has said. “As a result of a transparent and public sale of the stake in the TV … Read more