Business Rss

Ukrainian billionaire takes control of financially ailing Aerosvit airlines

New owner could revitalize airline which is deep in debt, hit by recession.
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Business

Will Russia go for another damaging gas war?

MOSCOW, Nov 11 (Reuters) - Russia cannot afford cutting gas to Ukraine for a second year in a row as it would have too much to lose, including Europe's support for its key gas projects at a time when its European gas market share is shrinking.

Gazprom: Naftogaz Ukraine paid for gas delivered in October

Naftogaz Ukrainy paid in full for natural gas delivered in October, Gazprom's press center told journalists.

General

GM to release plan for European units in December

FRANKFURT (AP) — General Motors Co. said it expects to release a full restructuring plan for its Opel and Vauxhall operations in mid December, but did not specify the amount of cuts to capacity and jobs it would seek.

Business Briefs

Dubai group buys Ukrainian chopper plant; Dubai mulls buying Ukrainian planes; Tycoon seeks $8 billion in damages from Ukraine; Retail sales decline; Gazprom: Won’t fine Ukraine's Naftogaz; EBRD delays $300 million loan to Naftogaz; State railway defaults on Barclays loan; ISTIL Group buys Kyiv's historic Leipzig Hotel.

Business Focus

For firms, ranking matters

Picking right lawyer is not always easy; rankings can help, but they are subjective and don't tell whole story.

Magisters expands amid crisis

Since being established in 1997 by a group of Ukrainian lawyers with U.S. law degrees, Magisters has grown into one of Ukraine’s largest law practices. In recent years, Magisters has launched practices in Moscow, Minsk, Astana and has a support office in London.

On the move

On the move

Volodymyr Terzov

On the move

Sergiy Sulimov