The auction, which is for a 100% stake in the plant, will be held on Feb. 4. Its starting price is Hr 234.4 million ($5.6 million), which includes debts for the last six months.
Editor’s Note: This is issue 159 of Ukrainian State-Owned Enterprises Weekly, covering events from Dec. 15-22, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Updated IMF Memorandum. On Dec. 20, the International Monetary Fund (IMF) published an updated Memorandum of Economic and Financial Policies
Editor’s Note: This is issue 158 of Ukrainian State-Owned Enterprises Weekly, covering events from Dec. 9-14, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs The Cabinet of Ministers completes the composition of Ukrenergo’s new supervisory board. On Dec. 10, the Cabinet of Ministers
Editor’s Note: This is issue 157 of Ukrainian State-Owned Enterprises Weekly, covering events from Dec. 2-8, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Parliament appoints Naftogaz’s CEO Chernyshov as national unity minister; CFO Chumak takes over as acting CEO. On Dec. 3,
Editor’s Note: This is issue 156 of Ukrainian State-Owned Enterprises Weekly, covering events from Nov. 25 – Dec. 1, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs The Cabinet approves the state ownership policy, a key document for SOEs’ corporate governance. On Nov. 29, the
Editor’s Note: This is issue 154 of Ukrainian State-Owned Enterprises Weekly, covering events from Oct. 24-Nov. 17, 2024. The Kyiv Independent is reposting it with permission. Energy sector Ukraine’s energy infrastructure under attack, first in almost three months; power outage schedules are back. On Nov. 17, Ukraine’s
Editor’s Note: This is issue 152 of Ukrainian State-Owned Enterprises Weekly, covering events from Oct. 13-24, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Updated IMF Memorandum. On Oct. 18, the International Monetary Fund (IMF) published an updated Memorandum of Economic and Financial Policies
Editor’s Note: This is issue 151 of Ukrainian State-Owned Enterprises Weekly, covering events from Oct. 6-12, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukrzaliznytsia’s CEO Yevhen Liashchenko filed a resignation letter, the company’s supervisory board said on Oct. 7. The board
Ukraine sold state-owned UMCC-Titanium for Hr 3.94 billion hryvnia ($96 million) to Cemin Ukraine, the country’s State Property Fund said on Oct. 9th in a statement.
Editor’s Note: This is issue 150 of Ukrainian State-Owned Enterprises Weekly, covering events from Sept. 29 – Oct. 5, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Cabinet completes the composition of UDI’s supervisory board. On Oct. 4, the Cabinet of Ministers appointed Timur
Editor’s Note: This is issue 149 of Ukrainian State-Owned Enterprises Weekly, covering events from Sept. 22-28, 2024. The Kyiv Independent is reposting it with permission. Energy sector Naftogaz Group made Hr 24.4 billion in consolidated net profit in the first six months of 2024, the group reported on
Editor’s Note: This is issue 148 of Ukrainian State-Owned Enterprises Weekly, covering events from September 15-21, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs UDI looking for a new CEO. On Sept. 19, Ukrainian Defense Industry (UDI) said that its supervisory board had launched
The following is the Sept. 25, 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. Kyiv’s iconic “Hotel Ukraina,” located on the city’s central Independence Square, also known as Maidan Nezalezhnosti,
Editor’s Note: This is issue 147 of Ukrainian State-Owned Enterprises Weekly, covering events from Sept. 8-14, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Former Ukrenergo’s CEO Kudrytskyi interviewed. Volodymyr Kudrytskyi, who was dismissed as Ukrenergo’s CEO on Sept. 2, was interviewed
Editor’s Note: This is issue 145 of Ukrainian State-Owned Enterprises Weekly, covering events from Aug. 25-31, 2024. The Kyiv Independent is reposting it with permission. This newsletter was originally published before the news that state energy grid operator CEO Volodymyr Kudrytskyi was dismissed on Sept. 3 amid a wide-scale
The following is the Aug. 27, 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. Just as Ukraine was breathing a sigh of relief that over a month of regular power outages brought
Editor’s Note: This is issue 144 of Ukrainian State-Owned Enterprises Weekly, covering events from Aug. 17-24, 2024. The Kyiv Independent is reposting it with permission. Energy sector Cabinet leaves current gas tariffs for heat producers and households unchanged. On Aug. 23, the Cabinet of Ministers extended the public service
Editor’s Note: This is issue 143 of Ukrainian State-Owned Enterprises Weekly, covering events from July 29 – Aug. 16, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukrnafta completes the composition of the supervisory board. On Aug. 7, Ukrnafta reported that Kateryna Kuznetsova joined the
Editor’s Note: This is issue 141 of Ukrainian State-Owned Enterprises Weekly, covering events from July 14-20, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs PrivatBank appoints a new CFO. On July 15, PrivatBank reported that Larysa Chernyshova will serve in this role starting Sept.
Editor’s Note: This is issue 140 of Ukrainian State-Owned Enterprises Weekly, covering events from July 7-13, 2024. The Kyiv Independent is reposting it with permission. Energy sector Naftogaz Group pays Hr 47 billion ($1.1 billion) in taxes for January-June 2024, the company’s press office reported on July
Editor’s Note: This is issue 134 of Ukrainian State-Owned Enterprises Weekly, covering events from May 25 – June 1, 2024. The Kyiv Independent is reposting it with permission. Energy sector Ukrainian energy facilities struck again. In the early morning of June 1, Russia attacked Ukraine’s energy infrastructure in Zaporizhzhia,
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 SOEs Cabinet appoints new acting CEO for Ukrspyrt. On May 3, Stanislav Banchuk was appointed to the position. On May 6,
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 SOEs Ukreximbank appoints a new CEO. On May 3, Ukreximbank reported that its supervisory board had elected Viktor Ponomarenko
Editor’s Note: This is issue 126 of Ukrainian State-Owned Enterprises Weekly, covering events from March 30 – April 5, 2024. The Kyiv Independent is reposting it with permission. Energy sector Ukrtransgaz starts the season of gas injection into underground storage. On April 2, Ukrtransgaz, a Naftogaz subsidiary, reported the end
Editor’s Note: This is issue 123 of Ukrainian State-Owned Enterprises Weekly, covering events from March 9-15, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukreximbank looks for a new CEO. The competitive selection was announced on March 11. The submission deadline is April 1.
Editor’s Note: This is issue 122 of Ukrainian State-Owned Enterprises Weekly, covering events from March 2-8, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs The long-awaited law on the corporate governance of SOEs comes into effect. On March 5, President Zelensky signed the law
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 SOEs The Verkhovna Rada adopts the long-awaited law on the corporate governance of SOEs. On Feb. 22, the Verkhovna Rada
The State Investigation Bureau seized 100% of the shares of Kyiv’s Bilshovyk machine-building plant on Jan. 11 over suspicions that it may have been knowingly undersold at its privatization auction, according to a post on the bureau's website on Jan. 13. The shares, which are owned by tycoon Vasyl
The privatization of Ukraine's oldest wine-making enterprise located in the southern Black Sea port city of Odesa has been officially completed, the State Property Fund of Ukraine announced on Nov. 25. The buyer is Kaplor 7, an Odesa-based company, which paid three times the starting price. The purchase includes a
Dmytro Sennychenko led the State Property Fund for two years before he resigned on Nov. 18. Responsible for the country’s Big Privatization program, he said that he worked round the clock along with his team, and it was time for him “to have a bit of a rest.” Sennychenko
On Nov. 17, the Anti-Monopoly Committee refused to consider an application to complete the controversial purchase of the Bilshovyk machine-building plant. The agency said that the application didn’t comply with its requirements. Tycoon Vasyl Khmelnytsky and his business partners bought the Kyiv plant for a mere $53 million through
Dmytro Sennychenko, the head of State Property Fund of Ukraine, has resigned on Nov. 16, several Ukrainian media outlets reported, citing their sources. According to Ekonomichna Pravda, the reason for his resignation was the scandalous sale of the machine-building plant Bilshovyk standing on a 35-hectare land plot in Kyiv. The
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