Editor’s Note: This is issue 153 (special issue) of Ukrainian State-Owned Enterprises Weekly. The Kyiv Independent is reposting it with permission. Ukrzaliznytsia’s corporate governance failures In this special issue, Oleksandr Lysenko and Andriy Boytsun highlight several events illustrating failures in the corporate governance of Ukrzaliznytsia. These relate to
Editor’s Note: This is issue 151 of Ukrainian State-Owned Enterprises Weekly, covering events from Oct. 6-12, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Ukrzaliznytsia’s CEO Yevhen Liashchenko filed a resignation letter, the company’s supervisory board said on Oct. 7. The board
Editor’s Note: This is issue 148 of Ukrainian State-Owned Enterprises Weekly, covering events from September 15-21, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs UDI looking for a new CEO. On Sept. 19, Ukrainian Defense Industry (UDI) said that its supervisory board had launched
For the past eight years, Anton Lytvynov, a stage director at Lviv National Opera, has celebrated New Year in Kyiv with his three friends – Sandra, Mykhailo, and Volodymyr. However, on Dec. 31, 2022, work commitments kept Lytvynov in Lviv longer than he had expected. Determined to reunite with his closest
Editor’s Note: This is issue 139 of Ukrainian State-Owned Enterprises Weekly, covering events from July 1-6, 2024. The Kyiv Independent is reposting it with permission. Energy sector Russia strikes at Ukrgasvydobuvannya’s facility in Poltava oblast, the company’s press office reported on July 4. Ukrgasvydobuvannya’s acting CEO
Editor’s Note: This is issue 138 of Ukrainian State-Owned Enterprises Weekly, covering events from June 24-29, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Updated IMF Memorandum. On June 28, the International Monetary Fund (IMF) published an updated Memorandum of Economic and Financial Policies
State-owned railway company Ukrzaliznytsia has been granted a license by the Polish Railway Transport Authority, allowing it to enter the European railway freight transportation market, the company announced on June 27.
Editor’s Note: This is issue 135 of Ukrainian State-Owned Enterprises Weekly, covering events from June 2-8, 2024. The Kyiv Independent is reposting it with permission. The Cabinet approved the Reforms Matrix based on international partners’ recommendations on June 4. According to Prime Minister Denys Shmyhal, more than 200 reforms
A railway inspector and repairman working for Ukrainian Railways (Ukrzaliznytsia) were killed by Russian shelling of civilian railroad infrastructure in Dnipropetrovsk Oblast, Ukrzaliznytsia reported on May 15.
Editor’s Note: This is issue 131 of Ukrainian State-Owned Enterprises Weekly, covering events from May 4-10, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Cabinet appoints new acting CEO for Ukrspyrt. On May 3, Stanislav Banchuk was appointed to the position. On May 6,
Editor’s Note: This is issue 128 of Ukrainian State-Owned Enterprises Weekly, covering events from April 13-19, 2024. The Kyiv Independent is reposting it with permission. Banks Oschadbank earns a record Hr 6 billion profit in 2023 (audited). On April 19, Oschadbank reported that its executive and supervisory boards approved
Editor’s Note: This is issue 127 of Ukrainian State-Owned Enterprises Weekly, covering events from April 6-12, 2024. The Kyiv Independent is reposting it with permission. Banks EBRD extends 200-million-euro lending guarantee to Oschadbank. On April 10, the European Bank for Reconstruction and Development (EBRD) extended a 50-million-euro ($53 million)
In an effort to facilitate integration with the European Union, Ukrainian Railways (Ukrzaliznytsia) has initiated the construction of a European-gauge railway, stretching from the Ukrainian border town of Chop in Zakarpattia Oblast to its administrative center, Uzhhorod.
Ukraine's High Anti-Corruption Court ordered on April 4 the arrest of former Presidential Office advisor Artem Shylo, suspected in a corruption scheme connected to Ukrainian Railways (Ukrzaliznytsia).
Seven people have been listed as suspects in a corruption scheme connected to Ukrainian Railways (Ukrzaliznytsia), the Specialized Anti-Corruption Prosecutor's Office (SAPO) reported on April 3.
Editor’s Note: This is issue 125 of Ukrainian State-Owned Enterprises Weekly, covering events from March 23-29, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs High Anti-Corruption Court arrests a suspect in absentia in a Ukrzaliznytsia case, the Specialized Anti-Corruption Prosecutor’s Office (SAPO) reported
The case was reported by the National Anti-Corruption Bureau of Ukraine (NABU), but it did not disclose the name of the suspect. Ukrainska Pravda, citing unnamed sources, wrote that it was Artem Shylo, a former advisor to the president's office.
Ukrposhta, Ukraine’s state-owned postal service, was the first to resume operations in the country’s recently liberated cities and villages, delivering packages and much-needed pensions to the most vulnerable. The company is continuing to grow, expand, and digitize its services. Ukraine’s state-owned railway company Ukrzaliznytsia transported 25 million
Editor’s Note: This is issue 121 of Ukrainian State-Owned Enterprises Weekly, covering events from Feb. 24 – March 1, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Former Ukrzaliznytsia CEO charged with embezzling Hr 11 million. On Feb. 26, the National Anti-Corruption Bureau of Ukraine
Former chair of Ukrainian Railways (Ukrzaliznytsia) Yevhen Kravtsov has been in charged in connection to an embezzlement case of Hr 11.4 million (around $300,000), Ukrainska Pravda and Forbes Ukraine reported on Feb. 28, citing their sources.
Editor’s Note: This is issue 119 of Ukrainian State-Owned Enterprises Weekly, covering events from Feb. 10-Feb. 16, 2024. The Kyiv Independent is reposting it with permission. Ukrainian SOE Weekly is an independent weekly digest based on a compilation of the most important news related to state-owned enterprises (SOEs) and
State railway operator Ukrzaliznytsia generated $16 million of profit in 2021, according to the company’s Jan. 12 press release. The company bounced back to profitability after posting a $436 million loss in 2020, but failed to match its 2019 results, when it made a profit of $108 million. Ukrzaliznytsia
