Top News, Business

Ukraine takes big step to brighter energy future As a nation with Europe’s fourth-largest shale gas reserves, Ukraine has taken a step closer toward achieving energy independence from Russia following news reports that two Western companies were chosen to explore vast fields for unconventional natural gas resources.
May 10 at 23:35 | Kyiv Post
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
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
Major shopping centers in operation in Kyiv (by area) Office lease prices in Kyiv
Apr 26 at 23:13 | Kyiv Post
Kyiv’s top hotel suites Ukraine has in recent weeks faced sharp criticism in Western media by charging inflated hotel prices in the 500-700 euros per night range during the Euro 2012 soccer championship to be co-hosted in June-July with Poland.
Apr 26 at 22:39 | Oksana Faryna
Onishchenko: Ukraine to blame for its cheese still being barred from Russian market MOSCOW - The fact that Ukrainian cheese is still barred from the Russia market is Ukraine's fault, Gennady Onishchenko, Russia's chief epidemiologist and head of the Rospotrebnadzor consumer rights protection watchdog, has told Interfax.
Apr 26 at 18:49 | Interfax-Ukraine
Expats in struggle to file Ukrainian tax declarations Ukraine’s tax administration has gone out of its way this year to warn foreigners residing in the nation that they are required to file tax declarations and pay their fair share. But compliance has proven incredibly difficult.
Apr 25 at 16:54 | Jakub Parusinski
Ukraine's $58 billion problem Ukrainian officials were at pains to reassure investorslast weekthat no debt default was in the offing. But people familiar with the numbers will find it hard to believe them.
Apr 25 at 08:09 | Reuters
II Annual International Conference 'Money for Business, Business for Money' (advertisement) Investment holding company Pro Capital Group held its second-annual international conference “Money for Business, Business for Money.”

The topic of the conference was: “Capital market 2012: investment strategies in the period of turbulence.”

More than 100 financers and businessmen from various domains took part in the event.
Apr 24 at 12:31
BDO International head praises increased auditing industry regulation Head of international auditing company BDO Martin van Roekel argues that increasing regulations is the only way to save the auditing industry and make sure that its dominant players are independent enough to identify corporate malpractice in time.
Apr 23 at 16:49 | Jakub Parusinski
Donetsk has highest rent rates for high-quality retail space after Kyiv The highest rent rates in Donetsk did not change in 2011, and remain at $780 per square meter a year, and the city has the second highest rent rates in Ukraine after Kyiv, reads a press release of Jones Lang LaSalle Ukraine (JLL).
Apr 17 at 12:40 | Interfax-Ukraine
Ukraine's Metinvest increases net profit 320% in 2011 Mining and metallurgical holding Metinvest posted $1.854 billion in net profit for 2011, up 320% from $437 million for 2010, according to the company's unaudited financial results, which were published on Tuesday.
Apr 17 at 12:31 | Interfax-Ukraine
French dairy giant Danone's sales grow to $6.6B PARIS (AP) — French dairy company Danone says its revenue grew 7.6 percent in the first quarter of the year, driven by strong sales in Asia.
Apr 17 at 09:27 | Associated Press
Leading foreign businessman faces probe by tax authorities One of Ukraine's wealthiest and most influencial expatriates, Bohdan Batruch, is under investigation for tax fraud. He denies any wrongdoing and says someone is after his businesses.
Apr 12 at 22:32 | Vlad Lavrov