Business

The Cabinet of Ministers of Ukraine has established for the majority of enterprises with a state share the basic norm of dividend payment from profit based on the results of economic activity in 2020 at the level of 50

The government fired Andriy Kobolyev as CEO of state-owned Naftogaz on April 28, 2021, and hired Yuriy Vitrenko as interim CEO for at least one year. Kobolyev and Vitrenko worked together for years before a falling out in 2020. Just…

Misen Enterprises AB and Misen Energy AB (Sweden) want to recover hundreds of millions of U.S. dollars from Ukraine due to an increase in the royalty for gas production during the period of its work with JSC Ukrgazvydobuvannia under joint…

The Verkhovna Rada has approved amendments to the Land Code and other laws to improve the management and deregulation system in the field of land relations. Some 284 MPs backed at the final reading bill No. 2194. As reported, the…

DTEK Energy said on Tuesday on the London Stock Exchange (LSE) that the company has entered into a lock-up agreement with over 50

The judge panel of the Pivnichny (Northern) Economic Court of Appeals referred the PrivatBank's appeals against the decision of the Economic Court of the city of Kyiv to recognize as terminated all obligations of Nikopol Ferroalloy Plant JSC (NFP, Dnipropetrovsk…

The Ministry of Finance of Ukraine at the primary auctions for the placement of government domestic loan bonds on Tuesday, the first after the news of the withdrawal of part of Russian troops from the Ukrainian border, was able to…

Naftogaz Group reduced capital expenditures (capex) by 44.5% (or by UAH 12.193 billion) in 2020 compared to 2019, to UAH 15.044 billion. As indicated in the consolidated statements of the group published on Tuesday, capex of the exploration and production…

Shebelynka gas refinery (Kharkiv region) in April completed preventive maintenance work, which was for the first time carried out without stopping production processes. According to a report on the Šhebel website, thanks to the optimization of maintenance work, the refinery…

A Naftogaz employee turns a valve at on UGV pipe infrastructure at Shebelynske gas field in Kharkivska oblast on June 25, 2020. State-owned gas giant Naftogaz lost $684 million in 2020