okko

Tuesday, April 29

OKKO aims to become a prominent player in the wind energy market by developing wind farms and seeking additional financing.

OKKO aims to become a prominent player in the wind energy market by developing wind farms and seeking additional financing. The OKKO group plans to initiate several large wind energy projects and has already started working on their implementation. Construction of the Ivanychi wind farm in the Volyn region is already under...

Friday, April 4

OKKO will receive over €150M in loans from three Western banks to construct a wind farm.

OKKO will receive over €150M in loans from three Western banks to construct a wind farm. Galnaftogaz (OKKO brand) has agreed to secure €157M in funding for the establishment of a wind farm in Volyn, as reported by the International Finance Corporation. The financing consists of €60M from ...

Thursday, February 13

The OKKO Group has started building the first hotels at the GORO Mountain Resort.

The OKKO Group has started building the first hotels at the GORO Mountain Resort. Construction of the OKKO Group’s first hotel complex has begun at the GORO Mountain Resort. The first complex consists of three hotels with 415 rooms. The total area is 48,000 square meters, of ...

Tuesday, February 11

A Ukrainian oil trader is actively investing to diversify its business, concentrating on the agricultural sector and electric vehicle infrastructure.

A Ukrainian oil trader is actively investing to diversify its business, concentrating on the agricultural sector and electric vehicle infrastructure. The Antimonopoly Committee of Ukraine (AMCU) has approved the Cypriot company Vi.An Holding Limited’s acquisition of the Borshchiv Agrarian Company based in the Lviv region. The beneficial owner...

Thursday, November 28

The IFC may join the EBRD in financing the construction of a 147 MW wind farm in Volyn.

The IFC may join the EBRD in financing the construction of a 147 MW wind farm in Volyn. On December 10, The World Bank Group’s IFC plans to consider the provision of a €55M loan to Concern Galnaftogaz to finance the construction of a wind farm with a 147 MW capacity in the Volyn re...

Tuesday, November 26

Last year, financial and industrial groups in Ukraine earned almost ₴6T.

Last year, financial and industrial groups in Ukraine earned almost ₴6T. 23,300 companies that are part of Ukrainian financial and industrial groups (FIG) and submitted financial statements for 2023 collectively earned ₴5.8T, according to a YouControl study. As of October,...

Thursday, October 24

OKKO starts construction of an all-season ski resort worth $1.5B.

OKKO starts construction of an all-season ski resort worth $1.5B. The largest gas station network in Ukraine, OKKO Group, is building an all-season mountain resort, the GORO Mountain Resort in the Lviv region. Construction was planned to begin in the spring of 2022,...

Friday, July 26

One of Ukraine’s largest fuel traders will increase its rolling stock by more than 200%.

One of Ukraine’s largest fuel traders will increase its rolling stock by more than 200%. The TAS-Poltavvagon company, which is part of the TAS financial and industrial group, will produce 100 tank cars for the OKKO group of companies. In July, OKKO received the first 20 wagons, and the re...

Tuesday, June 18

Wholesale trade leaders increased their revenues by 17%.

Wholesale trade leaders increased their revenues by 17%. In 2023, the leading wholesale trade companies earned more than ₴535B, 17% more than the leaders in 2022. The Kernel Trade company leads the revenue list for the third year in a row despite a decrease...

Friday, June 14

Vitagro seeks €110M to increase its biomethane production capacity, and OKKO will build a biofuel plant with EBRD funds.

Vitagro seeks €110M to increase its biomethane production capacity, and OKKO will build a biofuel plant with EBRD funds. According to Vitagro, by 2030 35 million cubic meters of biomethane will be consumed in the EU. That is why the company invested €6M in a biomethane plant and plans to make additional investments with...

Wednesday, June 5

Four companies plan to invest at least $2.5B in Ukraine by 2026.

Four companies plan to invest at least $2.5B in Ukraine by 2026. Metinvest, OKKO, Terwin, and Vodafone plan to invest $300-600M each to develop their businesses in Ukraine during 2024-2025. OKKO says that they have been working on developments in the biofuel sector...

Monday, June 3

OKKO group will build a 150 MW wind farm as well as bioethanol and biodiesel plants.

OKKO group will build a 150 MW wind farm as well as bioethanol and biodiesel plants. CEO of the OKKO group Vasyl Danylyak said, “In the fall, we will start our first wind energy project with a capacity of 150 MW in Volyn.” In addition, the group has already purchased the n...

Wednesday, April 10

McDonald’s invests ₴1B in network expansion in Ukraine and strengthens cooperation with domestic businesses.

McDonald’s invests ₴1B in network expansion in Ukraine and strengthens cooperation with domestic businesses. Yuliya Badritdinova, the company’s general manager for the markets of Ukraine, the Czech Republic, and Slovakia, said that the plan for 2024 is similar to 2023, so the amount of investment will ...

Thursday, March 7

A German entrepreneur buys an amber deposit in the Rivne region, and Concorde Capital purchases a limestone deposit in the Dnipropetrovsk region.

A German entrepreneur buys an amber deposit in the Rivne region, and Concorde Capital purchases a limestone deposit in the Dnipropetrovsk region. A license to mine amber at the Kryuchkova site, with an area of almost 40 hectares in the Rivne region, was sold at auction for ₴3.48M ($92,000). The auction winner was a Kyiv company; the ultimate be...

Wednesday, February 14

Ukraine will develop a market for energy conservation systems with investments totaling more than $500M.

Ukraine will develop a market for energy conservation systems with investments totaling more than $500M. In 2023, transmission system operator Ukrenergo issued a record 11 sets of technical requirements for the construction of industrial energy conservation systems. In particular, the largest fuel compan...

Monday, February 5

A Ukrainian fuel trader will build a wind farm with a capacity of 150 MW.

A Ukrainian fuel trader will build a wind farm with a capacity of 150 MW. The Antimonopoly Committee of Ukraine has allowed the Cypriot company, GNG Retail Limited, which owns the OKKO Group holding, to acquire Wind Power GSI Volyn and Wind Power GSI Volyn 3. These companie...

Friday, December 29

How are industries and businesses in Ukraine implementing the transition to green energy?

How are industries and businesses in Ukraine implementing the transition to green energy? The top manager of SOLAGRO, Serhii Shcherban, said that the transition to alternative fuel sources for grain elevators will continue regardless of price fluctuations for natural gas. According to him,...

Wednesday, December 27

A fuel trader and an agricultural giant plan to invest in green energy generation in Ukraine.

A fuel trader and an agricultural giant plan to invest in green energy generation in Ukraine. By 2025, Ukraine’s largest fuel company, OKKO, plans to build a 150 MW wind farm in the Volyn region. The head of OKKO, Vasyl Danylyak, said that the company purchased an energy storage project ...

Tuesday, November 28

Which enterprises have become the Ukrainian wholesale trade market’s leaders during the war?

Which enterprises have become the Ukrainian wholesale trade market’s leaders during the war? Almost half of the 10 most successful Ukrainian wholesalers are businesses that trade solid, liquid, and gaseous fuels alongside similar products, reported Opendatabot. In particular, Okko, WOG, West ...

Tuesday, May 2

One of the largest chains of gas stations in Ukraine has attracted a €25M loan from the Black Sea Trade and Development Bank.

One of the largest chains of gas stations in Ukraine has attracted a €25M loan from the Black Sea Trade and Development Bank. The OKKO gas station network and BSTDB agreed to open a revolving credit line of up to €25M. The money will be used to purchase petroleum products, including in the countries from the Black Sea region...

Monday, April 3

The OKKO group will expand their agricultural product processing plant and launch a $200M green project,

The OKKO group will expand their agricultural product processing plant and launch a $200M green project, according to the head of the company, Vasyl Danylyak. The company’s press service reports that OKKO plans to invest about $120M in expanding their agro-processing plant in the Ternopil region. Moreove...

Tuesday, December 28

OKKO has invested UAH 25 mln in 2021 to install solar panels at its gas stations.

OKKO has invested UAH 25 mln in 2021 to install solar panels at its gas stations. OKKO’s total design solar capacity is currently about 1.4 MW. The amount of electricity they can produce during the year saves more than 1,000 tons of conventional fuel from non-renewable source...

Friday, August 14

With the Rhosus disabled by the leak, Grechushkin abandoned the ship and the crew, With the Rhosus disabled by the leak, Grechushkin abandoned the ship and the crew, both news agencies report. Four crew members were forced by Lebanese officials to stay on the ship for 11 months to p...

IFC is supplying a $35 million loan to help Galnaftogaz to improve its supply of fertilizer and fuels to small farmers. IFC is supplying a $35 million loan to help Galnaftogaz to improve its supply of fertilizer and fuels to small farmers. The Lviv-based company has pioneered allowing farmers to buy fertilizer and seed...

After good weather in eastern and central Ukraine, the USDA has raised its Ukraine harvest forecasts to: 27 million tons of wheat, and 39.5 million tons of corn. After good weather in eastern and central Ukraine, the USDA has raised its Ukraine harvest forecasts to: 27 million tons of wheat, and 39.5 million tons of corn. “Yields are expected to be the second ...

Ukraine’s Avangard, Europe’s largest egg producer, may close six of its 20 farms, cutting production by 20% by mid-October, Ukraine’s Avangard, Europe’s largest egg producer, may close six of its 20 farms, cutting production by 20% by mid-October, reports Poultry World. UkrLandFarming, Avangard’s parent company, may have t...

Next year, Ukraine will create a domestic airline based on a fleet of regional jets produced by Kyiv’s Antonov Next year, Ukraine will create a domestic airline based on a fleet of regional jets produced by Kyiv’s Antonov, Infrastructure Minister Vladyslav Krykliy said yesterday on a visit to Kharkiv State Air...

Betting that corona travel restrictions will ease, SkyUp announces seven new international routes for its winter schedule. Betting that corona travel restrictions will ease, SkyUp announces seven new international routes for its winter schedule. Starting Oct. 25, Ukraine’s discount carrier will fly from Kyiv Boryspil to A...

Starting today, Ukraine’s new electronic visa platform launches at this address: Starting today, Ukraine’s new electronic visa platform launches at this address: https://evisa.mfa.gov.ua/. Citizens of India, the Philippines and South Africa will be able to get electronic visas for...

After Belarus President Aleksandr Lukashenko cracked down violently in the wake Sunday’s presidential election, U.S. Secretary of State Mike Pompeo said Washington is considering ending oil shipments to Belarus. After Belarus President Aleksandr Lukashenko cracked down violently in the wake Sunday’s presidential election, U.S. Secretary of State Mike Pompeo said Washington is considering ending oil shipments ...

By Sept. 15, all of Ukraine’s ports are to complete “extraordinary measures for government supervision” of the import, handling and storage of ammonium nitrate, By Sept. 15, all of Ukraine’s ports are to complete “extraordinary measures for government supervision” of the import, handling and storage of ammonium nitrate, Prime Minister Shmygal has ordered. The...

Ukraine, Europe’s largest food exporter, is a major importer of ammonium nitrate, a key component of fertilizers. Ukraine, Europe’s largest food exporter, is a major importer of ammonium nitrate, a key component of fertilizers. Last year, Ukraine imported 716,000 tons, at least seven times the volume of 2016, acc...

At Pivdennyi, Ukraine’s busiest port, 9,600 tons of ammonium nitrate are stored “in accordance with all norms and standards,” At Pivdennyi, Ukraine’s busiest port, 9,600 tons of ammonium nitrate are stored “in accordance with all norms and standards,” the seaport administration says in a statement. The compound is “packed in...

Behind the devastating Beirut port explosion was a Russian business man who abandoned his ship, his 8-man Ukrainian crew and his cargo of ammonium nitrate in Beirut in 2013, Behind the devastating Beirut port explosion was a Russian business man who abandoned his ship, his 8-man Ukrainian crew and his cargo of ammonium nitrate in Beirut in 2013, according to a Reuters sto...

Flying the flag of Moldova, a landlocked nation, the ship, the Rhosus, was loaded in Sept. 2013 with 2,750 tons of ammonium nitrate produced by Rustavi Azot, a nitrogen producer in Georgia Flying the flag of Moldova, a landlocked nation, the ship, the Rhosus, was loaded in Sept. 2013 with 2,750 tons of ammonium nitrate produced by Rustavi Azot, a nitrogen producer in Georgia. The cargo ...

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