Category: 9. Business

According to the Chairman of the Board of Ukrenergo, Volodymyr Kudrytskyi, “We have every reason to expect that the most difficult period of the summer in the energy industry is behind us.” He added that the improvement occurred because the heat subsided, and some energy facilities have… Continue Reading

The US Treasury has warned that Indian banks will be subject to sanctions and will lose access to the US financial system if they cooperate with the Russian defense and industrial complex. “We know that the Russian military relies on the import of sensitive goods, such as machine tools and… Continue Reading

The American Chamber of Commerce in Ukraine (AmCham) called on Ukrainian authorities to strengthen their fight against Ukraine’s shadow economy before increasing the tax burden on honest taxpayers. AmCham’s biggest concern in the proposed tax changes is the 1% tax to be applied to corporate… Continue Reading

Ukrainian Railways (UZ) noted that significant progress has been made in cooperation between the railways of Ukraine and Poland over the past few years. New passenger routes have been launched, the cargo transportation situation has been regulated, and border crossing operations have been… Continue Reading

Banks expect an increase in demand for all types of corporate and retail loans and loan portfolio volumes, NBU data shows. Most banks will increase their corporate and retail portfolios, though their retail portfolios somewhat less. Banks expect a certain deterioration in the quality of… Continue Reading

The EU announced the transfer of the first €1.5B tranche of frozen Russian asset profits to Ukraine. The money will be directed through the European Peace Fund to support Ukraine’s military and the country’s reconstruction. Moreover, the Pentagon discovered an additional $2B in errors in… Continue Reading

Despite all the challenges brought about by the war, and contrary to forecasts, capital markets in Ukraine not only avoided collapse but also persisted in demonstrating slow growth and development. “Although the pace is not as fast as we would like, the market works daily,” said a National… Continue Reading

The Antimonopoly Committee of Ukraine (AMCU) allowed Saggarco Limited (Cyprus) to acquire more than 50% of the shares of the RESPECT insurance company. On April 19, 2024, Saggarco Limited entered into five sales agreements with several shareholders to acquire 96.382% of RESPECT’s shares. At… Continue Reading

The largest Russian private oil company, Lukoil, has increased oil exports through the country’s seaports, as supplies through the Druzhba pipeline to Slovakia and Hungary are currently suspended due to Ukrainian sanctions against Lukoil. As a result, Lukoil added another 340,000 tons of… Continue Reading

The Vinnytsia company Elixir, which privatized the Ust-Danube seaport, plans to make it a hub for supplying mineral fertilizers to Ukraine, the company’s owner, Valery Vihrenko, said. Elixir bought the port to bring fertilizers to Ukraine from its Serbian plant via the Danube River. Vihrenko… Continue Reading