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Finance ministry agrees to NBU bailout plan for Ukrprombank

KIEV, July 29 The Finance Ministry has said that it is inexpedient to capitalize Ukrprombank using state funds and agrees with the National Bank of Ukraine on the movement of deposits of individuals in Ukrprombank to the State Savings Bank of Ukraine (Oschadbank), the acting finance minister, Ihor Umansky, told the press on Wednesday.

DTEK to conduct IPO to raise investment in coal extraction industry

KIEV, July 30 - Donetsk-based Donbass Fuel-Energy Company (DTEK) is to conduct an IPO only as a holding that unites companies that form a vertically integrated chain for coal extraction and enrichment, electricity generation, distribution and supply.

SigmaBleyzer Investment Company merges with Kiev companies

KIEV, July 30 SigmaBleyzer Investment Company is merging Cyprus-based Aquorn Limited and Oisiw Limited, which manage Kiev-based Volia-Cable and a number of regional cable companies, into Volia Limited, according to a Tuesday press release of SigmaBleyzer.

Coal extraction at key mines to increase, says company official

KIEV, July 30 Coal extraction at Pavlogradugol and Komsomolets Donbassa Mine in 2008 could be around 18 million tons, exceeding the business plan target by 1.4 million tons, according to Vitaliy Butenko, Chief Strategy Officer at Donetsk-based Donbass Fuel-Energy Company (DTEK).

With farmland sales restricted, state agency forecasts land prices

KIEV, July 27 The state land resources agency has presented its forecast of farmland prices for the start of the farmland market in Ukraine, and said that the price of one hectare of farmland will be between UAH10,000 and UAH12,000 on average.

NCRC balks at allowing UMC, Kyivstar to provide fixed communications

KIEV, July 27 The National Communications Regulatory Commission (NCRC) has refused to issue permission to mobile operators UMC and Kyivstar to provide fixed communications services through call divert of calls received on mobile phones.

Ministry to boost work on small-scale hydro plants in Zakarpattia

UZHHOROD, July 30 The Fuel and Energy Ministry is to boost work to reconstruct existing and build new small-scale hydro-power plants in Ukraine, primarily in Zakarpattia region, an Interfax-Ukraine correspondent has reported.

Frances AXA Insurance, UkrSibbank to buy 99% of Kievs Vesko

KIEV, July 30 France's AXA Insurance Company and Kharkiv-based UkrSibbank, the daughter bank of BNP Paribas, which jointly control Kiev-based Ukrainian Insurance Alliance, have reached agreement on the acquisition of a 99% stake in Kiev-based Vesko, the sixth-largest property and casualty insurance company in Ukraine.

UkrTatNafta concludes oil supply contract with Tekhnoprogres Ltd.

KIEV, July 30 Kremenchuk-based UkrTatNafta, Ukraine's major oil refiner, has concluded a contract with a new oil supplier - Tekhnoprogres Ltd., UkrTatNafta Chairman Serhiy Hlushko told Interfax-Ukraine.

Economic Court cancels 2003 sale of Mykolayivs Black Sea Shipyard

KIEV, July 30 Under an appeal of the State Property Fund, the Kiev Economic Court has cancelled a 2003 privatization agreement to sell a 90.25% stake in Mykolayiv-based Black Sea Shipyard due to the non-fulfillment of its conditions.

    Archive of Business
Currencies (in hryvnias)
  25.06.2019 prev
USD 26.19 26.27
RUR 0.416 0.416
EUR 29.84 29.72

Stock Market
  24.06.2019 prev
PFTS 551.4 552.7
source: PFTS


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