For the first time in the history of the company, specialists from PJSC Ukrnafta used modern technology to optimize reservoir pressure maintenance systems. “The result was an increase in oil production at the pilot site of one of the company’s western fields by almost 17%,” the company said in a press release on Thursday. According … Read more
The Solidarity Lanes have allowed Ukraine to export more than 136 million tonnes of goods, such as grain, ores and steel since 2022 and to import more than 52 million tonnes of essential goods, including fuel, vehicles, and fertilisers, and also enabled the delivery to Ukraine of military and humanitarian assistance, according to pap.pl, citing … Read more
The International Monetary Fund (IMF) team, led by Alfred Kammer, Director of the IMF’s European Department, begins meetings on Thursday in Kyiv with Ukrainian authorities and other partners, according to a statement by the IMF’s Resident Representative to Ukraine, Vahram Stepanyan. “The discussions will focus on the risks to the Ukrainian economy and the authorities’ … Read more
The Verkhovna Rada of Ukraine adopted bill No.8316 on a moratorium on the bankruptcy of state-owned critical infrastructure facilities during martial law plus two more years. The essence of the bill is that disputes and cases the subject of which is the state’s ownership of critical infrastructure facilities, restoration of the solvency of such facilities … Read more
The Verkhovna Rada of Ukraine adopted as a whole bill No. 11150 on amending some legislative acts of Ukraine to protect the interests of owners of land shares, as well as the application of administrative procedures in the field of land relations (registry), prepared for second reading. As MP Yaroslav Zhelezniak (Holos faction) said on … Read more
Ukrainian citizens, businesses, and banks have purchased over Hr 1 trillion ($25 billion) of domestic government bonds on market terms since the outbreak of the full-scale war, the Finance Ministry said on May 22. These funds have played a major role in sustaining Ukraine’s financial stability throughout the all-out war, the ministry said in a … Read more
In April 2024, Ukraine exported the largest volume of grain and oilseeds since the beginning of the war some 6.6 million tonnes, the British Ministry of Defense said, citing intelligence data. “This demonstrates Ukraine’s ability to export unilaterally via its shipping corridor in the Black Sea. Throughput at the Black Sea ports have almost certainly … Read more
State-owned Oschadbank has entered into an agreement with Nova Poshta to purchase unsecured corporate bonds of E series with a maturity of 15 months in the amount of UAH 650 million, the press service of the financial institution said on Tuesday. “The acquisition of bonds for such a significant amount indicates both Oschadbank’s willingness to … Read more
NJSC Naftogaz Ukrainy and the Ministry of Defense of Ukraine, as the sole shareholders of PJSC Ukrtatnafta, have launched the process of forming an independent supervisory board of the company. “The corresponding decision of the general meeting of the company was made on May 21, 2024,” the Naftogaz group said on Tuesday. According to Head … Read more
Ukraine’s leading network of construction hypermarkets, Epicenter, is expanding its business model by introducing shopping centers that will include third-party tenants, according to a Forbes report on May 20. The company is currently refining the design for the third floor of its Lviv shopping center and anticipates the launch of two additional centers in Kyiv … Read more