Naftogaz increases share of gas imports to 66% in 2018

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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

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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

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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

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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

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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

Fitch affirms Ukrainian city of Lviv at ‘B-‘, outlook stable

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Fitch Ratings has affirmed the Ukrainian city of Lviv’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B-‘, the outlooks are stable, the rating agency has reported on its website. “Fitch has also assigned the city a National Long-Term Rating of ‘AA-(ukr)’ with stable outlook,” it says. “The affirmation reflects Fitch’s unchanged view that … Read more

Ukraine’s plans to launch 5G in 2020 too

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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

Pivdenne design bureau preparing for production of rocket engines in U.S.

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The Pivdenne Design Bureau (Yuzhnoye, Dnipro) is optimistic about a potential of mutually beneficial Ukrainian-U.S. cooperation in the rocket engines and working out plans to create a rocket engine production facility in the United States, Pivdenne Design Bureau Director General Oleksandr Degtyarev has said. During a press conference on Tuesday in Dnipro, assessing, at the … Read more