Business

JSC Ukrtransnafta in June for the first time transported Algerian Saharan Blend crude oil, the press service of the company has reported. "After checking the quality indicators of crude oil, the company began accepting it into the oil transmission system…

People pass by the State Fiscal Service building in Kyiv on June 8, 2021. Ukraine’s parliament passed a tax amnesty law on June 15, 20

Current Naftogaz CEO Yuriy Vitrenko speaks with the Kyiv Post on Dec. 25, 2020

State budget of Ukraine in 2018-2020 received UAH 13 billion from excise tax on electricity produced in Ukraine and UAH 0.2 billion of tax on its imports, while tax shortfalls exceeded UAH 2.6 billion, the Accounting Chamber has reported. "In…

Fitch Ratings has upgraded Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of DTEK Energy B.V. to 'CCC' from 'RD' (Restricted Default). The upgrade reflects Fitch's assessment of DTEK's post-restructuring capital structure. Fitch also has assigned new $1.6 billion notes…

Russia-founded discount retailer Mere plans to open 40 new stores in Ukraine by the end of the year. Mere plans to enter cities with the population of over 6,000

New Minister of Infrastructure Oleksiy Kubrakov has been tasked with withdrawing Ukrzaliznytsia from bankruptcy, Ukrainian President Volodymyr Zelensky has said. "I saw completely their mathematics, their picture, debts … They [Ukrzaliznytsia] are completely bankrupt … Now new minister Kubrakov has…

A drone picture shows an aerial view of the Gavansky bridge with car traffic over the Dnipro River on April 19, 20

Protesters, holding flags reading “Save individual entrepreneurs”, take part in a march demanding to rescind the law cancelling the simplified tax system on Jan. 28, 2021 in downtown Kyiv. The state paid $100 million to nearly 340,000 Ukrainian individual entrepreneurs…

JSC Ukrzaliznytsia in April-May reaches a profit; in particular, in April the company received UAH 35 million of profit, and in May – almost UAH 39 million, the company's press service reported with reference to acting Board Chairman Ivan Yuryk…