East-West switch for Cadogan
Cadogan Petroleum has changed its strategy in Ukraine following disappointing exploration results in Zagoryanska and Pokrovskoe licences in Eastern Ukraine. Instead it plans to focus production on shallow natural gas prospects in Western Ukraine. Ukraine Energy reports that the company now expects to....

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Monsanto to invest US$ 3m
Monsanto Ukraine, a subsidiary of GM (genetically modified) seed company Monsanto, plans to invest US$ 3m to establish irrigation on hybridization sites within the production program, to be implemented jointly with the Ukrainian partners agricultural producers. The project is developing intensive agriculture in.....

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IPOs resume in Ukraine
After a year-and-a-half pause Ukrainian companies are once again looking at IPOs to meet their pent-up demand for capital. Last year twenty Ukrainian companies announced plans for initial public offerings (IPO) on foreign markets, aiming to raise an estimated US$ 2.5bn; 11 of them intend to make a placement on the Warsaw Stock Exchange (WSE). These developments were reported in a research report ....

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EU agreement gathers momentum
In a statement put out last month Ireland and Lithuania declared their supports for the EU leadership signing an Association Agreement with the Ukrainian government at the Eastern Partnership summit in Vilnius in late November. French Prime Minister Jean-Marc Ayrault says his government is interested in the EU signing ......

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FDI up 1.3% in Q1
Foreign investors invested US$ 1.6bn in Ukraine in the first quarter of 2013, according to the State Statistical Committee of Ukraine. On 1 April 2013 the volume of foreign direct investment (FDI) had reached US$ 55.7bn, a 1.3% increase compared to the start of....

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Business confidence stagnates in Q1
The European Business Association (EBA) Ukrainian Investment Attractiveness Index for the first quarter of 2013 remained unchanged in comparison with the same measurement at the end of last year - 2.12 points out of a possible five. Some 85% of respondents think that no changes for the better have occurred, and this is the biggest indicator of ....

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Akhmetov buys UkrTelecom
On 3 June Rinat Akhmetov’s company SCM Holding agreed a deal to buy 100% of the Cyprus-based UA Telecominvest Limited from Ausria’s EPIC group in an estimated US$ 1bn to 1.3bn deal which gives SCM control of Ukrtelecom. The company has a 71% share of the country’s domestic fixed-line market, 83% of the long-distance and international telephony market , and its only 3G mobile ......

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Foreign investors encouraged
During a meeting with the members of the American Chamber of Commerce in Kyiv at the end of May, the Ukrainian Deputy Minister Oleksandr Vilkul discussed key aspects for economic growth in 2013-2014, in particular, the development of infrastructure, staging……

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Agri-exports up 40%
Despite the drought, Ukrainian agricultural export increased by nearly 40% by value to reaching US$ 17bn last year, according to the Ukrainian Minister of Agrarian Policy and Food Mykola Prysyazhnyuk who added that Ukraine’s agricultural industry exports twice as much as it consumes domestically. …

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US$ 3.5bn coal gas investment
While shale gas development dominates news of Ukraine’s diversification away from coal, new technologies of hydraulic fracking, horizontal drilling and seismic technology improvements are also making it more economical to gasify coal. Development will be boosted through a US$ 3.65bn deal with China Development Bank Corporation to achieve savings of up to US$ 1.5bn...

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