naftogaz
Editor’s Note: This is issue 131 of Ukrainian State-Owned Enterprises Weekly, covering events from May 4-10, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEsCabinet appoints new acting CEO for Ukrspyrt. On May 3, Stanislav Banchuk was appointed to the position. On May 6, Ukrspyrt confirmed Banchuk’s appointment, with no further details. Banchuk previously had a legal practice in Kyiv. A person by that name was deputy regional prosecutor of Chernivtsi Oblast until 2014 according to Ekonomichna Pravda (EP). According to YouControl, Banchuk founded Standart...
Kyiv Independent (CA)
Editor’s Note: This is issue 130 of Ukrainian State-Owned Enterprises Weekly, covering events from April 27 – May 3, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEsUkreximbank appoints a new CEO. On May 3, Ukreximbank reported that its supervisory board had elected Viktor Ponomarenko as the new bank’s CEO following a competitive selection. According to Ukreximbank, the selection was carried out with the assistance of the recruitment company Odgers Berndtson. Ponomarenko’s candidacy is yet to be approved by National Bank of Ukraine (NBU). The bank said t...
Kyiv Independent (CA)
Editor’s Note: This is issue 129 of Ukrainian State-Owned Enterprises Weekly, covering events from April 20-26, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEsEconomy Ministry announces a competitive selection to find an independent member for Ukrenergo’s supervisory board. On April 23, the Economy Ministry reported that the SOE Nomination Committee approved the candidate requirements. The deadline to apply is May 22. The decision to find the final independent board member that the company needs wasapproved in November 2023. As we reported in June 2023 ...
Kyiv Independent (CA)
The CEO of Ukraine's national energy company has urged EU nations to assist in safeguarding its natural gas storage facilities against recent Russian attacks so they can keep contributing to lower prices across the continent. "It is of interest of the EU to protect storage, transportation and production [facilities], given that Ukraine’s gas infrastructure is 'well integrated' into Europe’s energy system," Naftogaz Group CEO Oleksii Chernyshov said, according to the Financial Times (FT). Gas storage sites in western Ukraine have faced multiple attacks in recent months, with only above-ground f...
Kyiv Independent (CA)
Editor’s Note: This is issue 128 of Ukrainian State-Owned Enterprises Weekly, covering events from April 13-19, 2024. The Kyiv Independent is reposting it with permission. BanksOschadbank earns a record Hr 6 billion profit in 2023 (audited). On April 19, Oschadbank reported that its executive and supervisory boards approved the 2023 audited financial statements. The net profit of almost Hr 6 billion ($151 million) is the highest in its history; Hr 1.2 billion ($30.2 million) more than the preliminary net profit for 2023. Oschadbank on Feb. 5 reported an unaudited net profit of Hr 4.75 billion ...
Kyiv Independent (CA)
The following is the April 16, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Russia’s large-scale attacks against Ukraine’s energy system late last week have stoked fears of renewed country-wide blackouts and highlighted Ukraine’s urgent need for more air defense to protect its critical infrastructure. The Kremlin launched over 80 missiles and drones against the country in the early hours of April 11, targeting thermal power plants across Ukraine, including the Trypillia plant, t...
Kyiv Independent (CA)
Editor’s Note: This is issue 127 of Ukrainian State-Owned Enterprises Weekly, covering events from April 6-12, 2024. The Kyiv Independent is reposting it with permission. BanksEBRD extends 200-million-euro lending guarantee to Oschadbank. On April 10, the European Bank for Reconstruction and Development (EBRD) extended a 50-million-euro ($53 million) unfunded portfolio risk-sharing facility to Oschadbank to unlock 200 million ($212 million) euros of new financing for Ukraine’s private sector. The facility will cover up to 50% of Oschadbank’s credit risk on newly issued sub-loans worth 200 mill...
Kyiv Independent (CA)
Editor’s Note: This is issue 125 of Ukrainian State-Owned Enterprises Weekly, covering events from March 23-29, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEsHigh Anti-Corruption Court arrests a suspect in absentia in a Ukrzaliznytsia case, the Specialized Anti-Corruption Prosecutor’s Office (SAPO) reported March 29. The co-organiszer of the scheme allegedly misappropriated Hr 11.4 million ($290,000) in Ukrzaliznytsia’s funds. SAPO added that the suspect was on the international wanted list, but did not name him/her. According to the media, this might ...
Kyiv Independent (CA)
Despite Russia’s incessant attacks on Ukraine’s energy system throughout its now more than two-year-old invasion, the country’s oil and gas giant Naftogaz just celebrated its first heating system without any gas imports. It is the “greatest moment in Ukraine’s energy history,” Naftogaz CEO Oleksiy Chernyshov told the Kyiv Independent in a recent interview. In the wake of Russia’s full-scale invasion, Naftogaz launched a record 86 wells in 2023, of which 24 had an initial flow rate of over 100,000 cubic meters, utilizing the country’s vast reserves. The move was part of a larger goal of attaini...
Kyiv Independent (CA)
Ukraine’s gas supply has not been affected by a Russian attack that damaged an underground gas storage (UGS) facility in western Ukraine, the CEO of the state-run Naftogaz energy company Oleksiy Chernyshov said on March 24. The facility, operated by Naftogaz’s subsidiary Ukrtransgaz, will require repairs to its surface infrastructure, but the attack did not impede its operations due to the gas being stored deep underground, Chernyshov noted. “We have sufficient backup capacities in place to mitigate any immediate impacts. The supply of natural gas to Ukrainian consumers remains unaffected by t...
Kyiv Independent (CA)
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