Business Rss

Gazprom starts diverting gas from Ukraine to Belarus

Almost three months after the launch of the Nord Stream gas pipeline, Gazprom lived up to its promise to decrease dependence on Ukraine at its expense. Ukraine's gas transit to Europe has been about 17% lower than in January for a week now.
Today at 19:48 | Interfax-Ukraine

General

Naftogaz: Russia to blame for drop in gas supplies to Europe in February

Ukrainian state oil and gas firm Naftogaz has not tapped since the beginning of 2012 a single cubic meter of natural gas sent by Gazprom for supply to Europe, the Ukrainian state holding said in a statement on Wednesday.

Miller: Ukraine selected gas intended for Europe at beginning of 2012

MOSCOW - Ukraine took Russian gas intended for European consumers at the beginning of this year, Gazprom (RTS: GAZP) CEO Alexei Miller said during a meeting with Russian President Dmitry Medvedev on Wednesday.

Business Focus

Top tax collector claims success, but experts see little to boast about

Oleksandr Klymenko, the 31-year-old head of the State Tax Service, has gone on a media blitz in recent weeks, boasting of improved tax collections, of pulling businesses out of the shadows and simplifying tax reporting by taking it online.

Know your rights when tax inspectors show up

Editor's Note: The Kyiv Post posed the following tax questions to lawyers Alex Frishberg of strategic alliance of Frishberg & Partners and the Ukrainian Foundation of Advocates, Roman Blazhko of Lavrynovych & Partners, Yuriy Zaluskyy of Baker & McKenzie and Taras Rozputenko of Gvozdiy & Oberkovych. Their full responses to Kyiv Post staff writer Vlad Lavrov's questions can be found online at www.kyivpost.com/news/business/bus_focus/

On the move

On the move: Alexey Khomyakov, Asters

Editor's Note: Have a new employee or promoted someone recently? Let Kyiv Post readers know about all the changes in your business, government agency or non-profit organization through a paid announcement in the On The Move section. For information about how to place your On The Move item at the low rate of Hr 1,440, please call advertising at 591-77-88 or email advertising@kyivpost.com.

Asters is pleased to announce that Alexey Khomyakov has joined the firm as counsel specializing in tax, corporate and M&A practices.

On the move: Sergiy Oleksiyenko, Continium Corporation

Sergiy Oleksiyenko joined Continium Corporation as Head of Investments and Corporate Development.

Business Sense

Business Sense: Ukraine needs overhaul of its economic system

Editor’s Note: Business Sense is a feature in which experts explain Ukraine’s place in the world economy and provide insight into doing business in the country. To contribute, contact chief editor Brian Bonner at bonner@kyivpost.com.

Business Sense: Jet fuel prices reflect nation’s competitiveness issues

The nation’s airlines, already operating on thin margins in a highly competitive environment, will likely take another hit next month when the price they pay for jet fuel at Ukraine’s airports increases by up to 15 percent.