PJSC Ukrnafta is constructing a new exploration well in western Ukraine, company director Serhiy Koretsky announced on his Facebook page. According to him, the total depth of the new directional well is 2,213 m, more than 1,000 m have already been drilled to date. The work is being carried out using their own rig, which … Read more
Horizon Capital, a US private equity firm, has announced the investment into GoIT, a Ukrainian-founded EdTech platform. This transaction marks the second investment from Horizon Capital’s latest fund, HCGF IV. The amount of investment was not disclosed, but it marks the second investment from Horizon Capital’s latest fund, Horizon Capital Growth Fund IV (HCGF IV), … Read more
The Verkhovna Rada has authorized, until December 31, 2024, one-time sales of Russian and Belarusian rubles in non-cash form from accounts in resident banks that were frozen with the onset of full-scale aggression, through non-Russian and non-sanctioned banks. Some 242 MPs voted for corresponding amendment No. 62 to law on improving state regulation of financial … Read more
The Slovakia–Ukraine border is now unblocked, Viktoriya Sengetovska, the spoksperson Zakarpattiya Customs in western Ukraine, told Ukrainian news agency Ukrinform on Nov. 22. There are about 400 trucks waiting in line to enter Ukraine from the Slovak side. Vehicles are crossing the border normally, Sengetovska said. “The Uzhhorod–Vyšné Nemecké checkpoint was unblocked at 12.00 midnight … Read more
DP Media has secured licensing rights, granted by Hearst Magazines, to publish Harper’s Bazaar and Cosmopolitan magazines, manage the websites harpersbazaar.com.ua and cosmo.com.ua, and oversee social media, the company’s press service has reported. The harpersbazaar website is set to resume operations wiinthin December of this year under the leadership of editor-in-chief Kateryna Popova. The cosmo.com.ua … Read more
State-owned PrivatBank in the third quarter of 2023 again topped the list of banks with the highest net profit with an indicator of UAH 13.624 billion, followed by two more state-owned banks: Oschadbank – UAH 7.338 billion and the nationalized Sense Bank – UAH 3.441 billion. According to the data published by the National Bank … Read more
The Ukrainian parliament has approved the first draft of a bill that would raise taxes for commercial banks, Ukrainian MP and Deputy Head of the Finance Committee, Yaroslav Zheleznyak, said in a Telegram post on Oct. 19. According to him, the bill was supported by 247 MPs in its first reading. The document will now … Read more
For 2023, the Ukrainian Danube ports of Ukraine increased cargo handling by 2.2 times to 27.6 million tons compared to the same period last year. The head of the Administration of Sea Ports of Ukraine State Enterprise, Yuriy Lytvyn, announced this, Ukrinform reports. As mentioned, the ports on the Danube (Reni, Izmail, and Ust-Dunaisk) saw … Read more
The European Investment Bank (EIB) and Kyiv City Council, building on a long-term and successful partnership, signed a new cooperation agreement during the Kyiv Investment Forum 2023 in Brussels on Thursday. “This agreement provides the city of Kyiv with strategic advisory services for transforming its urban electric transport system and supports the preparation of significant … Read more
The railway ministries of Ukraine, Romania, and Moldova have developed a number of measures to improve freight transportation along the Reni-Giurgiulesti-Galati direction and return, Moldova’s Calea Ferata din Moldova federal operator posted on social media. A trilateral meeting of the railway operators took place in Chisinau on November 8-9, during which the parties agreed on … Read more