Ukraine on October 1, 2019 resumed commercial import of electricity from the Russian Federation, Ukrenergo transmission system operator has told the Interfax-Ukraine agency. The company noted that in accordance with Articles 38 and 39 of the law on the electricity market, the transmission system operator is obliged to provide non-discriminatory access to the grids. According … Read more
Britain’s diversified oil & gas company with assets in Ukraine Cadogan Petroleum has reached an agreement with Ukrinvest Group for the sale of Gazvydobuvannya LLC for a total consideration of $2.8 million, the company has said on the website of the London Stock Exchange (LSE). Gazvydobuvannya LLC is one of two wholly owned subsidiaries, based … Read more
The number of employed IT specialists in line with the Labor Code of Ukraine is 2-3%, and the rest of IT specialist work as private entrepreneurs or under a contract, Vice President for Strategy and Technologies at GlobalLogic Ukraine Andriy Yavorsky has said in an interview with Interfax-Ukraine. According to him, this situation has arisen … Read more
Investment of human capital in national wealth in Ukraine is much lower than in European countries, according to a report of the World Bank. According to the World Bank’s study of the sphere of education in Ukraine, investment of human capital into national wealth in Ukraine is 34% of total national wealth. For comparison, in … Read more
Ukroboronprom state defense concern has retaken control over its part, state-run company Ukrspeсexport, concern deputy director general for transformation issues Roman Bondar said. “Today took the largest exporter – Ukrspeсexport company – back to the family. Because it’s a nasty thing, when one part of the company raiders another,” he wrote on Facebook on Friday. … Read more
Naftogaz Ukrainy in January-June 2019 saw net profit rise by 1.8 times (by UAH 11.102 billion) compared to the same period in 2018, to UAH 24.704 billion. According to the consolidated statements posted on the company’s website, its sales revenue in the first half of 2019 decreased by 0.9% (by UAH 1.174 billion), to UAH … Read more
Solvent Ukrainian banks in January-August 2019 received UAH 44.29 billion in net profit, which is 3.2 times more than in the same period in 2018, the National Bank of Ukraine (NBU) has said. “More than half (58.3%) of this result was provided by the activities of state-owned PrivatBank,” the central bank said on its website. … Read more
Ukraine’s Verkhovna Rada has passed at second reading bill No. 1073 on “cashback,” followed by the adoption of bill No. 1053-1 passed at second reading, introduces compensation to buyers if violation during the settlement transaction is revealed from October 1, 2020. The corresponding bill at second reading at the evening plenary meeting on Tuesday was … Read more
Businesses plan their 2020 budgets with the forex trade set at UAH 28 per U.S. dollar, according to the “Global Outlook” study by the European Business Association (EBA). “When planning the budget for next year, owners use the average forex rate at UAH 28 per U.S. dollar. According to investors, the hryvnia will continue strengthening, … Read more
The Verkhovna Rada of Ukraine at second reading and as a whole adopted a law on amending certain legislative acts of Ukraine regarding the protection of rights of financial services consumers. The document provides for authorizing financial market regulators, including the National Bank of Ukraine, the National Commission on Securities and the Stock Market and … Read more