Business

Motor Sich (Zaporizhzhia) will produce a passenger helicopter for 8 people made of European composite materials.  This was said by Vyacheslav Boguslaev, head of Motor Sich JSC  during the forum “Big Construction: Aviation and Tourism”, which took place at the Borispol airport.   “We have built a production line for 60 helicopters a year. Now we are building 20 helicopters. If there are […]

The State Property Fund (SPFU) has announced demonopolization of Ukraine’s alcohol industry. According to the SPF press service, 30 alcohol companies have been privatized for more than 1.7 billion hryvnias since October 2020 at the auctions. It is noted that UAH 1.05 billion has already been paid by investors to the state budget, and another UAH 37 million – received […]

According to the results of the 2019-2020 marketing year, Ukraine is the second exporter in the world after the United States in total exports of all grain crops. This was stated by Taras Kachka, Deputy Minister of Economic Development, Trade and Agriculture, and trade representative during the 52nd session of the International Grain Council, the press service of the Ministry of […]

Russia’s gas monopoly Gazprom refused to book additional transit capacity of 12 million cubic meters a day through Ukraine Gas Transport System (GTS) for November. This is evidenced by GSA platform data, according to Espresso. According to the data, the Ukrainian Gas Transport System Operator distributed the proposed capacity along two routes: 9.8 million cubic meters per day were offered […]

Zaporizhzhia Titanium and Magnesium Plant was returned to state ownership. Previously it was owned by Ukraine oligarch Dmytro Firtash. The Commercial Court of Zaporizhzhia region upheld the claim of the Specialized Anti-Corruption Prosecutor’s Office in the interests of the state against Tolexis Trading Limited (Firtash’s Cyprus offshore company) and LLC Zaporizhzhia Titanium and Magnesium Plant to return the plant to […]

The company “Antonov-Canada” was established in the province of Quebec to promote aircraft developed and manufactured by SE “Antonov” on the international market. It plans to organize final assembly of An-74TK-200 model there. This was reported by Ukroboronprom press service and the Canadian Capital Hill Group. The final model assembly will be organized at production facilities in Ukraine and Canada. The design of […]

The dirtiest power plant in Europe is Ukrainian oligarkh Akhmetov’s Burshtynska coal thermal power plant. Ukraine emits more toxic dust containing heavy metals than all EU countries, Turkey and the Western Balkans combined. This is reported by BusinessCensor referring to the report of the public organization Ekodia with reference to a new study of the independent climate and energy policy […]

Forbes magazine updated its 100 the richest Ukrainians. There are some rotations in the list – 21% of it is represented by new names. The list includes representatives of various industries- metallurgy, pharmaceutical, agrotechnical sector, energy sector, and others.  Authors of the rating state that in order to define the top 100 the richest Ukrainians, they have evaluated the financial […]

1,5 billion dollars are returned to the Ukraine state budget – money of ex-president Victor Yanukovich’s entourage, out of which  87% is in real cash. This news is announced by Yevgeniy Enin, deputy Ministry of Foreign Affairs of Ukraine in the “Unofficial talk” TV program on “Dom” TV channel, as informed by Censor.Net.  I was taking an active part in […]

According to the forecast, the global English language learning market will reach 55 bn USD by 2025, growing by 7% annually.  Leveraging this global trend, a Ukrainian startup has launched an online English study school called Allright. This is a mobile application using a virtual teacher who provides interactive lessons.  Allright has attracted 5 mln USD from Genesis Investments fund […]

The owners of the exclusive contract for the supply of diesel fuel (produced by the Russian Lukoil) to Ukraine (30% of all supplies from the Russian Federation) – the Grand Prix Oil company – are planning to get another lithium ore deposit in Kirovoghrad region, central Ukraine. Mikhail Zhernov owns 85% of the Grand Prix Oil LLC. In late 2019, […]

The capital of Medvedchuk, who tried to abolish the anti-corruption reform through the Constitutional Court, was estimated at $ 780 million. The fortune of Russian President Putin’s crony, Viktor Medvedchuk, is $ 780 million, according to Dragon Capital and NV (both owned by Tomáš Fiala). Over six years, Medvedchuk has transformed from a marginal politician into a full-fledged oligarch. Medvedchuk […]