The National Bank of Ukraine (NBU) is giving Getin Holding six months to sell its 100% stake in the charter capital of Idea Bank (Lviv), the holding said in a statement on the Warsaw Stock Exchange on Thursday. It states that on May 2, 2024, Getin Holding received a decision from the NBU Committee on … Read more
Ukraines’ state oil and gas company Naftogaz is interested in expanding cooperation with energy companies of other countries — in particular, regarding the storage of their gas reserves in Ukrainian underground storage facilities, said the head of the company Oleksiy Chernyshov. During the visit to Turkiye, the Naftogaz chief discussed the prospects of cooperation in the … Read more
Ukraine imported 225000 MWh of electricity in April, which is the highest figure since the beginning of the current year, reported the press service of the state energy trader Energy Company of Ukraine. Compared to March, the volume of commercial imports in April increased by a third. In April, ECU increased the volume of imports by 1.5 … Read more
Ukraine’s economy is likely to grow by about 4.6% in 2024, although Russian attacks could worsen this figure, Economy Minister Yuliya Svyrydenko said during the Kyiv Investment Day Forum. Svyrydenko stated that after a large-scale decline in the economy — by almost 30% in 2022 — growth began last year, which amounted to at least … Read more
Hackers targeted Ukraine’s largest mobile-only bank, Monobank, with a powerful denial of service (DDoS) attack on May 2, the company’s co-founder and CEO Oleh Horokhovskyi reported. DDoS attacks direct excessive amounts of traffic at a website in order to overload its servers, often causing disruptions to service. Horokhovskyi announced “another powerful DDoS attack” against the … Read more
More than 8 million passengers traveled on Ukrainian Railways’ trains between January and April 2024, indicating a 25% person increase compared to 2023, the company reported on May 2. Ukraine’s state-owned railway company, Ukrzaliznytsia, announced on Twitter that a total of 8.43 million passengers traveled on Ukrainian Railways’ trains between January and April 2024. Around … Read more
Philip Morris announces the expansion of its portfolio of smoke-free products in Ukraine and the launch of the latest version of the Iqos Iluma tobacco heating device. “In 2024, the company will invest $11 million to increase the number of stores, expand service infrastructure and create new jobs in Ukraine,” the company said in a … Read more
Ukrainian businessman Rinat Akhmetov has been recognized among the world’s wealthiest individuals, according to Bloomberg’s latest report on May 1. French mogul Bernard Arnault, with a major stake in luxury giant LVMH, tops the Bloomberg Billionaires Index with a net worth of $215 billion, reflecting a $7 billion increase since the beginning of 2024. In … Read more
The number of transfers through the international financial service NovaPay in the first quarter of 2024 reached 96 million, which is 18% more than the same period in 2023, the company’s press service reported on Wednesday. It is indicated that UAH 66.1 billion of transactions passed through the NovaPay system in January-March this year, which … Read more
The Ukrainian platform for finding tutors BUKI was included in TIME’s recent ranking of the best EdTech “rising stars” companies of 2024. In this rating, the company took the sixth place, being the only one from Ukraine overall. This year, TIME, together with Statista, an international provider of market and consumer data and rankings, for … Read more