ukrenergo
Ukraine will uphold restrictions on energy supply for industrial users due to the damage caused by recent Russian attacks against the Ukrainian energy system, the state-owned energy operator Ukrenergo announced on May 17. Moscow has recently intensified its missile and drone strikes against Ukraine's critical infrastructure, destroying several thermal power plants across the country. This included the Trypillia plant, the main electricity supplier to Kyiv, Zhytomyr, and Cherkasy oblasts. Russia carried out another large-scale attack on May 8 against Poltava, Kirovohrad, Zaporizhzhia, Lviv, Iva...
Kyiv Independent (CA)
Ukraine implemented rolling blackouts on May 15 due to power shortages caused by Russian attacks, Ukraine's state-owned energy operator Ukrenergo announced. Moscow has recently intensified its missile and drone strikes against Ukraine's critical infrastructure, destroying several thermal power plants across the country. This included the Trypillia plant, the main electricity supplier to Kyiv, Zhytomyr, and Cherkasy oblasts. Earlier in the day, Ukrenergo introduced emergency shutdowns for industrial and domestic users from 7:25 to 10 p.m. local time across all regions of Ukraine. Limitations ar...
Kyiv Independent (CA)
Ukraine introduced restrictions on energy supply across the country due to a "significant power shortage," Ukraine's state-owned energy operator Ukrenergo announced on May 14. Moscow has recently intensified its missile and drone strikes against Ukraine's critical infrastructure, destroying several thermal power plants across the country. This included the Trypillia plant, the main electricity supplier to Kyiv, Zhytomyr, and Cherkasy oblasts. Russia carried out a large-scale attack on May 8 against Poltava, Kirovohrad, Zaporizhzhia, Lviv, Ivano-Frankivsk, Kyiv, and Vinnytsia oblasts, mainly ta...
Kyiv Independent (CA)
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 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)
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)
Editor’s Note: This is issue 124 of Ukrainian State-Owned Enterprises Weekly, covering events from March 16-22, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEsCorporate governance, privatization, and state-owned banks’ non-performing loans prioritized in the government’s Ukraine Facility reform plan for 2024-2027. On March 18, Prime Minister Denys Shmyhal reported that the Cabinet approved a reform plan for the 50-billion-euro Ukraine Facility program. In 2024, Ukraine would receive about 16 billion euros under that program, he added. On March 20, Shmyh...
Kyiv Independent (CA)
Ukrposhta, Ukraine’s state-owned postal service, was the first to resume operations in the country’s recently liberated cities and villages, delivering packages and much-needed pensions to the most vulnerable. The company is continuing to grow, expand, and digitize its services. Ukraine’s state-owned railway company Ukrzaliznytsia transported 25 million passengers in long-distance trains in 2023, many from front-line zones that are subject to incessant Russian attacks. With Ukraine’s airspace closed since the start of the full-scale war, Ukrzaliznytsia’s trains are often the only means of reac...
Kyiv Independent (CA)
Editor’s Note: This is issue 121 of Ukrainian State-Owned Enterprises Weekly, covering events from Feb. 24 – March 1, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEsFormer Ukrzaliznytsia CEO charged with embezzling Hr 11 million. On Feb. 26, the National Anti-Corruption Bureau of Ukraine (NABU) detectives and the Specialized Anti-Corruption Prosecutor’s Office (SAPO) said they had exposed an organized criminal group of Ukrzaliznytsia officials and entrepreneurs who had embezzled Hr 11.4 million ($298,000) from the company. According to NABU, the group’s...
Kyiv Independent (CA)
Editor’s Note: This is issue 120 of Ukrainian State-Owned Enterprises Weekly, covering events from Feb. 17-Feb. 23, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEsThe Verkhovna Rada adopts the long-awaited law on the corporate governance of SOEs. On Feb. 22, the Verkhovna Rada passed the second reading of Draft Law No. 5593-d, aligning the SOE corporate governance framework with Organization for Economic Co-operation (OECD) and Development Guidelines The law introduces several key improvements of legal framework for SOEs, including: Establishing the exc...
Kyiv Independent (CA)
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