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     Business    

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Naftogaz says Eurobond issue needed in May to boost gas imports in 2022

KYIV, Dec 23 – Naftogaz Ukrayiny, despite its intentions to increase its own production, will be forced to import gas in the summer of 2022, for which it plans to issue Eurobonds probably in May, Board Chairman of the company Yuriy Vitrenko has said.


Naftogaz files complaint with EU over Gazprom's gas market position abuse

KYIV, Dec 22 – Naftogaz Ukrayiny filed a complaint with the European Commission over Russia's Gazprom's abuse of its dominant position in the European gas market by submitting a petition to the Directorate General for Competition to take immediate measures to normalize the situation.


Ukraine’s economy to grow 3% in 2021, 3.4% in 2022, Alfa Bank forecasts

KYIV, Dec 22 - Alfa Bank (Kyiv) expects real GDP growth in Ukraine in 2022 by 3.4% after its projected growth of 3% over 2021 and a slowdown in the average annual inflation in 2022 to 8.6%, which is 0. 8 percentage points below the expected average annual inflation rate in 2021 (9.4%).


GlobalLogic to hire 5,000 IT specialists in Ukraine for Hitachi projects

KYIV, Dec 23 – The IT company GlobalLogic plans to expand its staff in Ukraine in the near future, recruiting an additional 3,000-5,000 IT specialists.

"To work with Hitachi, we need to grow our staff. In Ukraine, we want to recruit 3,000-5,000 people. These will be both attracted specialists and students, whom we additionally train. And this is quite realistic. We are now cooperating with 24 educational institutions in Ukraine," Vice President for Strategy and Technology at GlobalLogic Ukraine Andriy Yavorsky said at a meeting with journalists in Kyiv on Wednesday.


Ukrainian confectionaries suspend production on high gas prices

KYIV, Dec 23 - A number of confectionery enterprises have announced plans to fully or partially suspend production due to high prices for natural gas, the Ukrkondprom association reported.


Ukrhydroenergo starts unit-4 at Dnistrovska pumped storage power plant

KYIV, Dec 24 – Ukrhydroenergo began start-up operations at the hydroelectric unit four of the Dnistrovska pumped storage power plant (PSPP) on December 22 and plans to complete the work on launching the unit in summer 2021, the company has said.


Energoatom opens 186-km Zaporozhia-Kakhovka power line

KYIV, Dec 23 – Energoatom opened its part of the open switchgear at Zaporizhia Nuclear Power Plant (NPP), which is a part of the 750 kV overhead power transmission line "Zaporizhia NPP – Kakhovska substation" which is 186 km long.


IMF raises concerns with delays in energy sector transactions in Ukraine

KYIV, Dec 24 – The International Monetary Fund is concerned with increasing delays in financial transactions in the energy sector as many companies report shortage of cash pointing at looming crisis.


Warehouse logistics busy as COVID lockdown boosts demand for space

KYIV, Dec 23 – The warehouse logistics market in Ukraine felt least of all the negative consequences of the coronavirus (COVID-19) crisis; by the end of 2020, in anticipation of the next lockdown, the demand for warehouse space had significantly increased, which will lead to an increase in rental rates already at the beginning of 2021, co-owner of the Zammler Group of Logistics Companies Viktor Shevchenko said.


Kyivstar, Vodafone, Ukrtelecom to increaser cost of service package

KYIV, Dec 23 – The mobile operators Kyivstar, Vodafone Ukraine and lifecell, as well as the fixed-line operator Ukrtelecom, will increase the cost of service packages for a number of tariff plans from 2021, the press services of the companies reported.


    Archive of Business
Currencies (in hryvnias)
  20.09.2024 prev
USD 41.44 41.41
RUR 0.446 0.454
EUR 46.24 46.12

Stock Market
  19.09.2024 prev
PFTS 507.0 507.0
source: PFTS

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