Avellana Gold Ltd. has become the owner of PJSC Carpathian metallic mineral company. Interfax-Ukraine has informed about it. According to information, placed on the website, the foreign holding also invests about 400 million dollars in the development of an industrial complex. The agreement on investment attraction was signed on November 16,2016. Other details of the signed contract haven’t disclosed yet.
PJSC Carpathian metallic mineral 100% shares company have belonged to PJSC “Mining and metallurgical complex” until the last moment. The Carpathian Private Joint Stock Company is a legal successor of PJSC Carpathian metallic mineral company, the entity which name was often connected with V. Zakharchenko, a former Minister. The plant specialises in a gold mining.
The Ministry of Infrastructure has developed a draft order that will allow Ukraine to establish production of hydrogen-powered cars. This was reported on the website of the ministry. It is noted that today in Ukraine there are no requirements for hydrogen transport. These are electric vehicles on hydrogen fuel cells. They run on compressed hydrogen. […]
PrivatBank warns users about a new fraud scheme that uses a fake website and at the same time the bank’s logo. This was reported by the press service of the Bank. It is noted that the Bank’s security service found the site p-invest.site, which was registered by unknown individuals in the United States and which […]
In 2020, corruption caused JSC Ukrzaliznytsia 8 billion hryvnias in losses. The head of the Temporary Investigation Commission of the Verkhovna Rada on UZ Yulia Hryshyna with reference to NABU data announced this. “NABU has carried out significant analytical work on Ukrzaliznytsia’s procurement. Detectives estimated Ukrzaliznytsia’s losses from corruption in procurement at UAH 8 billion […]
The development of critical materials could attract billions of euros in investment in Ukraine, according to Prime Minister Denis Shmygal. He said this at a summit conference on the strategic partnership between Ukraine and the EU on critical raw materials and batteries. “Ukraine creates conditions for attracting investors. The current rules of access to subsoil […]
The US Federal Aviation Administration (FAA) has ordered the state airline to inspect about 2,500 Boeing 737 aircraft for defective relays and cabin pressure drops. “An undetected failure of both relays could slow the crew’s detection of insufficient cabin pressure and result in the crew losing their ability to work due to hypoxia and, as […]
To reduce emissions to 35% of 1990 levels, Ukraine needs more than 100 billion euros in capital investment over 10 years, according to Prime Minister Denis Shmygal. “We have been actively involved in shaping the Ukrainian green exchange rate, which we want to synchronize with the European green exchange rate, and we make a lot […]
At its session held on Wednesday, July 14, the Verkhovna Rada adopted by 303 votes the law 3508-d, concerning the restructuring of debts for gas and its transportation services to heat and power companies. The document also regulates the debts of regional gas and regional gas sales, provides for the restructuring of debts of water […]
Amazon Corporation will work in Ukraine in the field of cloud technologies. Minister of Digital Transformation Mikhail Fedorov in the Telegram announced this. The Minister stated that a memorandum of cooperation had been signed with Amazon. “Another global technology giant has started operating in Ukraine. The beginning of our cooperation is a positive signal to […]
On Wednesday, Boeing announced the financial results of the 2nd quarter, which ended on June 30. Boeing Management noted that the company makes “tough, but necessary steps to adapt for a new realities of market.” Aviation giant is experiencing perhaps the most difficult times in its history, faced with a double crisis. On the one […]
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Large investors of the Ferrari – Exor and Piero Ferrari holding company, made a pact that will protect the corporation from hostile takeovers. Ferrari feared for his integrity after it will be separated from the Fiat Chrysler in the beginning of the next year. Investors are joining forces to make all actions together and consulting […]
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The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]
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Boeing has identified the need to refine the 787 Dreamliner aircraft, which are awaiting delivery to customers – it will take some time. This is stated in the company’s quarterly report. Production of the Boeing 787 will be less than five units per month for some time and will gradually return to a monthly level […]
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Confectionery Corporation “Biscuit-Chocolate” has invested € 8 million in the development of the production capacity in 2015. This is stated in the report of the corporation. According to the President of the corporation Alla Kovalenko, investments were directed including the introduction of new technologies, enabling enterprises to manufacture products that are still not produced in […]
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Today Wells Fargo, the fourth-largest U.S. bank, reported record losses of $2.4 billion in the second quarter, which was even worse than the bank management and Wall Street analysts expected. For the three months by June 30, Wells Fargo’s loss was $0.66. This is $0.46 worse than analysts’ forecast of $0.20 loss per share. One […]
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Apple has received a fine of € 318 million from the Italian regulatory authorities. Apple is accused of violating tax laws, namely in the tax evasion in Italy by transferring funds to Ireland. During the investigation, regulatory authorities found that the company deliberately transferred funds in the amount of € 880 million to Ireland, where […]
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Concern Khlibprom invests 560 thousand UAH in an energy saving project. This information is stated in a message on the website of the company. In 2016 Khlibprom plans to upgrade the gas boiler on Lviv bakery № 1. The plant plans to install energy-saving equipment, which will reduce the consumption of gas in the boiler […]
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The Supreme Court did not satisfy the cassation appeal of Sberbank of Russia and recognized the Ukrainian state Оschadbank as the legal owner of the Sberbank trademark in the country. “The Supreme Court did not find grounds to satisfy the cassation appeal of Sberbank of Russia and upheld the decision of the Northern Commercial Court […]
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The capacity of installed solar energy facilities in Ukraine will increase up to 3 GW by 2020. Vitaliy Daviy, CEO of IB Center Europe, made such forecast for the development of the industry at CISOLAR 2019 the 8th Solar Energy Conference in Kiev. As of April 1, 2019, more than 2.2 GW of solar energy […]
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UK will provide humanitarian assistance to Ukraine in the amount of 6.5 million dollars to support the regions in the east of the country affected by the armed conflict and the pandemic, said in the statement issued by the Foreign Ministry of the United Kingdom. This was reported by TASS. As specified, the allocation of […]
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The American company Pfizer, which developed in partnership with the German BioNTech vaccine against coronavirus COVID-19, expects revenue from sales of this drug in 2021 for $ 15 billion. This year the company hopes to produce 2 billion doses of coronavirus vaccine. The drug is expected to generate a quarter of Pfizer’s total revenue, which […]
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Shares of Pfizer decreased by 3.2% since the beginning of the year, fell by 1.65% on Tuesday after the company announced the results of the third quarter, which ended on September 30. Pfizer reported a 4% drop in earnings per share (compared to the same quarter in 2019) to $ 0.72, but this was slightly […]
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The National Bank of Ukraine (NBU) has decided to revoke the banking license and eliminate the Soyuz bank. It is reported by the National Bank press service. The liquidation of the bank will be held under the compact procedure due to violations in the sphere of financial monitoring legislation, – noted in the NBU. “The […]
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US President Donald Trump has expressed dissatisfaction with the fact that under the terms of the agreement between ByteDance and Oracle, the Chinese company will retain a majority stake in the TikTok service, and Oracle will have a minority stake. This Trump said during the press briefing at the White House. Responding to the question […]
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On December 12, 2019, Kyiv City State Administration held an International Roundtable on Land Legal Relations organized by the Union of Real Estate Specialists of Ukraine SFNU and the Ukrainian Chapter of FIABCI International Real Estate Federation. Representatives of the Ukrainian real estate market and agrarian sector participated in the event. A teleconference was held […]
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