National joint-stock company Naftogaz Ukrainy has confirmed that it received a $5.3 billion bill from Russia’s Gazprom for gas the company did not order in 2016. Naftogaz does not intend to clear it until Arbitration Institute of the Stockholm Chamber of Commerce issues its final decision, the press service of the company reported. “Gazprom refers…
Belarus is eager to implement new projects with Austria’s Kronospan Group, Belarusian Prime Minister Andrei Kobyakov said as he met with Kronospan owner Peter Kaindl on January 18. The head of the government noted that Belarus appreciated the contribution of this investor to the development of the Belarusian economy. “We attach great importance to the…
The presidential decree “On additional measures for the intensification and expansion of activities of free economic zones” dated October 26, 2016 serves as an important guide to action in creating a more favorable investment climate, expanding privileges and preferences. A single legal regime for free economic zones, unification of tax and customs privileges and preferences,…
Naftogazvydobuvannya operated by DTEK Naftogaz has commenced drilling a new well at Semirenkivske gas and condensate field. The project will employ new engineering solutions and environmental approaches. The 5,628 m deep well will be slanted, yet the company is going to drill, explore and test it in just 160 days. Naftogazvydobuvannya will use a retrofitted…