Nibulon will invest $19 million in construction of a river transshipment terminal in Ternivka (Zaporizhia region). According to a posting on the company’s website, the launch of the terminal is scheduled for June 2019. Along with the terminal, the project envisages construction of a berth of over 3 km long and dredging works on the … Read more
The Warsaw court (Poland) on October 3, 2018 declared groundless the lawsuit of the State Treasury of Poland against Zaporizhia Automobile Plant (ZAZ) seeking to collect some PLN 250 million (over $70 million) for not meeting commitments taken during the purpose of a state-owned stake in Poland’s FSO automobile plant in 2005. “Thus, the arguments … Read more
DTEK would not participate in the privatization of PJSC Centrenergo electricity generating company, DTEK CEO Maksym Tymchenko has said. “No, we have said this several times,” he told reporters on Thursday. He evaded the question about the fairness of the starting price of 78.289% stake in Centrenergo of UH 5.985 billion recently approved by the … Read more
Ukrainian President Petro Poroshenko has signed a bill amending some Ukrainian laws regarding preserving Ukrainian forests and preventing illegal imports of rough timber, according to a Wednesday posting on the official website of the head of state. The law increases fines for illegal logging and causing damage to forests and young trees by several times. … Read more
SkyUp airline has received a Third Country Operator (TCO) License, allowing to fly to 28 countries of the European Union (EU), as well as Switzerland, Norway, Iceland and Lichtenstein. “We are pleased to announce that SkyUp has passed the TCO procedure, having received permission to fly to European countries! Now the sky of Europe is … Read more
The top 100 largest state-owned companies in Ukraine in 2017 saw net profit rise by 38.5% compared to 2016, to UAH 44.4 billion, while 88.5% of this amount was the profit of Naftogaz, according to data released by the Ministry of Economic Development and Trade. “The main factor of the growth of Naftogaz Ukrainy’s profit … Read more
The TAS Group of Sergiy Tigipko has reached a preliminary agreement on acquisition of PrJSC Kuznya on Rybalsky Plant (both based in Kyiv), the press service of the group told Interfax-Ukraine on Thursday. “At the current stage an application to buy shares in PrJSC Kuznya on Rybalsky Plant has been submitted to the Antimonopoly Committee … Read more
ICU investment group, one of the largest on the Ukrainian market, has entered the venture capital market and launched first five investment projects, ICU Director Roman Nikitov has said. “We only have started investing this year, it took us several years to make this decision… We made five investments,” he said at the Ukrainian Financial … Read more
Fitch Ratings has affirmed the Ukrainian City of Kyiv’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B-‘, Fitch Ratings said in a press release on September 21. Simultaneously Fitch has upgraded Kyiv’s National Long-Term Rating to ‘A(ukr)’ from ‘A-(ukr)’. The Outlooks are Stable. Fitch said that the upgrade of the National Rating reflects … Read more
Ukrainian President Petro Poroshenko has expressed doubts that a decision to create the land market will be made in the near future. “I understand that, unfortunately, there are no chances for a balanced state decision to create, for example, a civilized land market … now it will be difficult to do,” he said from the … Read more