All News, Business

Fozzy Group expands Silpo chain to 229 stores The Kyiv-based Fozzy Group has opened Silpo supermarkets in Dnipropetrovsk, Lviv and Lozova (Kharkiv region), bringing their total number to 229 trade outlets, reads a press release of the group.
May 2 at 19:06 | Interfax-Ukraine
DTEK boosts earnings by 23.3% in 2011 DTEK, Ukraine's biggest privately owned energy holding, boosted net consolidated profit according to international financial reporting standards (IFRS) by 23.3% in 2011 to Hr 3.522 billion, the company has said.
May 2 at 18:42 | Interfax-Ukraine
Crimea to launch rail bus in autumn A rail bus bought using the funds of state-run enterprise Prydniprovska Railways (Dnipropetrovsk) and the Autonomous Republic of Crimea is to be launched in October-November 2012, the press service of the enterprise has reported.
May 2 at 15:48 | Interfax-Ukraine
Russia to allow one more Ukrainian enterprise to supply cheese MOSCOW - Rospotrebnadzor plans to allow the Ukrainian enterprise Dubnomoloko, which has been inspected by Russian experts, to supply cheese to Russia. Dubnomoloko will be the fourth Ukrainian enterprise to be allowed to supply cheese to Russia.
May 2 at 13:49 | Interfax-Ukraine
Bloomberg: Freedom from Gazprom tempts Ukraine as Exxon hunts shale For the first time in more than two centuries, Ukraine sees its way to independence from Moscow.

That path tracks through a patch of sealed Soviet-era natural gas wells that are ready to be tapped once again and fields of shale rocks that the U.S. Geological Survey estimates will hold enough gas to fire eastern Europe’s largest nation for 100 years or more. Royal Dutch Shell Plc, Exxon Mobil Corp. and Chevron Corp. - three of the world’s four largest oil companies - bid last week for Ukrainian exploration rights.

“Ukraine is low-hanging fruit,” said Bertrand des Pallieres, chief executive officer of Cadogan Petroleum Plc, a London-based oil explorer with interests in 14 Ukrainian fields.

Read more here.

May 2 at 09:19
Law enforcers, tax officials give a hard time to Russian business in Ukraine, says Russian Embassy official Kyiv, May 1 (Interfax-Ukraine) – Russian companies working in Ukraine often come into conflict with law-enforcement and fiscal structures of the country, the head of the economic policy group of the Russian Embassy in Ukraine, Alexei Urin, has said.
May 1 at 18:03 | Interfax-Ukraine
AB InBev profit jumps 75 percent thanks to lower costs; Budweiser hits Ukraine BRUSSELS (AP) — The world's biggest brewer Anheuser-Busch InBev NV said Monday its first-quarter net profit jumped 75 percent thanks to lower financing costs and taxes as well as bigger beer sales.
Apr 30 at 10:47 | Associated Press
Ukraine conveys first engines for L-15 trainer airplane to China Ukraine is delivering the first batch of AI-222-25F engines for new Chinese L-15 trainer airplanes.
Apr 27 at 20:30 | Interfax-Ukraine
Infrastructure ministry to ban  leased vehicles for passenger transportation organizations The Infrastructure Ministry of Ukraine plans to ban passenger transportation organizations from submitting applications to obtain the right to transport passengers if they have leased vehicles, Vice Premier and Infrastructure Minister Borys Kolesnikov said at a roundtable devoted to the problems of illegal transportation of passengers held in Kyiv on April 26, 2012.
Apr 27 at 20:04 | Interfax-Ukraine
Surplus of Ukraine's balance of payments comes to $375 million in March The surplus of Ukraine's consolidated balance of payments in March 2012 was $375 million, whereas in the previous month its deficit stood at $55 million, and in March 2011 – the deficit was $511 million, according to the Web site of the National Bank of Ukraine (NBU).
Apr 27 at 17:58 | Interfax-Ukraine
Two companies submit bids to buy 45% stake in Krymenergo, says SPF Two companies have submitted bids to participate in a tender on the privatization of a 45% stake in energy supply company PJSC Krymenergo (Simferopol, Crimea), the press service of the State Property Fund of Ukraine (SPF) has told Interfax-Ukraine.
Apr 27 at 16:31 | Interfax-Ukraine
Ukraine this year could export 20-25 million tonnes of grain Exports of grain from Ukraine in the new agricultural year (July 2012 – June 2013) could reach 20-25 million tonnes, according to Ukrainian Agrarian Policy and Food Minister of Ukraine, Mykola Prysiazhniuk.
Apr 27 at 15:06 | Interfax-Ukraine
The Financial: EBRD invests in first wind power project in Ukraine The European Bank for Reconstruction and Development is making its first ever investment into wind power generation in Ukraine by organising a €13.3 million financing package to Eco-Optima, a Ukrainian -Italian joint venture company, which will operate a wind farm in Staryy Sambir region of western Ukraine.
Apr 27 at 12:22
Batruch pays $3 million despite disputing tax bill The legal standoff between Ukraine’s tax authorities and one of the wealthiest foreign businessmen working in the country has ended on a sour note.
Apr 26 at 23:37 | Vlad Lavrov
Real estate market shows signs of life once again Ukraine’s real estate market has yet to recover from the bubble that burst in 2008-2009, triggering a freeze in construction and a tumble in residential property prices from a peak price of $4,000 or so per square meter.
Apr 26 at 23:28 | Yuriy Onyshkiv