YuriyVitrenko

Monday, October 3

Ukraine plans to completely abandon the use of natural gas for heating. According to Yury Vitrenka, chairman of the board of Naftogaz of Ukraine, the experience in Zhytomyr shows that in most cases, it is possible to switch to heating using biomass and garbage as fuel sou...

Monday, September 12

Naftogaz’s CEO warns of complete shutdown of Russian gas transit through Ukraine. There’s a high-risk Russia will completely stop natural gas shipments to the European Union through Ukraine, said the CEO of state energy company Naftogaz-Ukraine, Yuriy Vitrenko. “I would estimate t...

Tuesday, August 30

Naftogaz talks about the risks of the upcoming heating season. This year’s heating season in Ukraine will start later than traditionally and end earlier. As the CEO of Naftogaz, Yuriy Vitrenko, predicted in an interview with The Guardian, the air temperatur...

Thursday, August 18

Ukraine might not be able to store 19 billion cubic meters of gas in reserves before winter. Ukraine’s Naftogaz is unlikely to be able to fulfill the task given by the Cabinet of Ministers to accumulate 19 billion cubic meters of gas in underground storage by winter, said CEO of Naftogaz Yuri...

Thursday, June 23

Oil refining has been stopped completely in Ukraine. Ukraine’s entire oil refining industry has ceased to work due to targeted Russian rocket attacks, said the CEO of Naftogaz, Yuriy Vitrenko. “All oil refining in Ukraine is currently at a halt du...

Wednesday, June 22

Naftogaz has increased payments to the government by 34%. In January-May 2022, compared to the same period in 2021, Ukraine’s national gas and oil company Naftogaz, increased payments to the state budget (excluding dividends) by 34.3% to UAH 47B ($1.5...

Thursday, June 16

Naftogaz’s net income for 2021 is UAH 13B, compared to a UAH 19B loss in 2020. The Cabinet of Ministers approved the Naftogaz Ukraine annual report for 2021 and recognized the work of the Naftogaz board in 2021 as satisfactory. The government approved Naftogaz’s yearly rep...

Tuesday, June 14

Naftogaz has signed a memorandum with a Canadian company on liquefied natural gas supplies. Symbio Infrastructure plans to supply liquefied natural gas and green liquid hydrogen starting from 2027. Through its subsidiary, GNL Québec, Symbio is developing a carbon-neutral project in Quebec t...

Monday, May 30

Naftogaz will create its own gas station network. Naftogaz will be a national operator in the gas station market to prevent high prices, said the CEO of Naftogaz, Yuriy Vitrenko. According to him, the state does not intend to monopolize this market. ...

Wednesday, March 23

Ukraine will continue gas transit until it is technically possible. Ukraine will continue the transit of Russian natural gas while it is technically feasible but proposes to freeze funds from its sale in escrow accounts until the withdrawal of Russian troops from Ukr...

Tuesday, February 22

Naftogaz is demanding $10B in compensation from Russia through the Arbitration Tribunal in The Hague for assets lost due to the annexation of Crimea. In a lawsuit against Russia, Naftogaz seeks more than $10B in damages, including interest. Arbitration he...

Friday, January 21

Ukrgazvydobuvannya has put into operation a new software complex for gas metering. State gas producer Ukrgazvydobuvannya has started research and development operation of the new Bee-UGV software package, which collects data from energy metering units and calculates the amount of na...

Thursday, August 26

Naftogaz CEO says there should be one rule for all. Commenting on the decision of the German court, Yuriy Vitrenko wrote: “Our strategy is to play by the same rules that the West lives by, and it pays off. Gazprom lost the Stockholm arbitration. ...

Vitrenko says tough battle over Nord Stream 2 still ahead. According Naftogaz’s CEO, “It will be a hard battle. The Kremlin has been blackmailing Europe with gas shortages in the winter period. Some Western government officials don’t want to realize or ...

Thursday, August 19

With European gas prices at their highest in 20 years, Naftogaz is scrimping on purchases, gambling on starting the heating season in mid-October with one third less gas than the 28.4 billion cubic meters stockpiled last fall. Yuriy Vitrenko, Naftogaz CEO, said Tuesday the company plans to ...

Tuesday, August 17

Seeking to attract foreign investment in the gas sector, Naftogaz will host the Ukraine Gas Investment Congress in Kyiv Oct. 20 to 22. “With the second largest gas reserves on the continent, Ukraine has the single largest growth opportunity in natural gas production in the EU,” says Naftogaz CEO Yuriy Vitrenko. Ukraine has set a targ...

Wednesday, June 16

Justice Minister Denys Malyuska promised yesterday to challenge the decision in court . Prime Minister Shmyhal set a 10-day deadline to resolve the impasse. The challenge to Vitrenko comes as Naftogaz closely watches today’s Biden-Putin meeting in Geneva for news on the Nord Stream 2 p...

Friday, May 14

Yuriy Vitrenko has signed a one-year contract to work as Chairman of Naftogaz, announced Andriy Yermak, the chief of President Zelenskiy’s staff, at a meeting of Ambassadors of the G7 countries, Sweden and the European Union. With the Supervisory Board planning to quit today, th...

Friday, January 29

Real wages rose by 10% last year, compared to 2019 Real wages rose by 10% last year, compared to 2019, reports the State Statistics Service. In nominal terms – without adjustments for inflation – December’s average salary was up 15.6% yoy. Nationwide,...

Kyiv had the highest salaries — $775 – Kyiv had the highest salaries — $775 – double the level of Chernihiv, its north eastern neighbor. Chernihiv, had the nation’s lowest — $390. The regions with fastest growing salaries last ...

Ukrainian companies transported 11% less cargo last year compared to 2019 Ukrainian companies transported 11% less cargo last year compared to 2019, reports the State Statistics Service. Of the 600 million tons, Ukrzaliznytsia carried slightly over half – 305.5 million tons...

Passenger transportation dropped in half last year Passenger transportation dropped in half last year, reports the State Statistics Service. Of the 54% yoy drop, the biggest was air travel, down 64%. Train travel was down 63%. Car, bus and city transp...

Kyiv Sikorsky, Ukraine’s second busiest airport, saw its traffic plunge by 63% last year Kyiv Sikorsky, Ukraine’s second busiest airport, saw its traffic plunge by 63% last year, compared to 2019, the airport reports. Heavily dependent on Wizz Air and on charter flights, the airport recor...

Air traffic in and out of Kharkiv, Ukraine’s second largest city, dropped by 51% last year Air traffic in and out of Kharkiv, Ukraine’s second largest city, dropped by 51% last year, slightly better than the nationwide drop of 64%, reported the Center for Transportation Strategies. Worldwid...

The number of Ukrainian tourists traveling abroad during the pandemic dropped by 70% — from 2.5 million in 2019 to 750,000 in 2020, The number of Ukrainian tourists traveling abroad during the pandemic dropped by 70% — from 2.5 million in 2019 to 750,000 in 2020, Pavlo Hryhorash, chief executive of Ukraine’s Travel Agencies Associ...

Hotel, restaurants, bar and ‘creative industries’ lost about $3 billion Hotel, restaurants, bar and ‘creative industries’ lost about $3 billion since coronavirus control were first imposed, in mid-March, says Kyrylo Kryvolap, coordinator of working group to develop the Na...

In a bold bid for China-EU rail traffic, Poland’s PKP Cargo plans to invest $1 billion in a village on the border with Belarus In a bold bid for China-EU rail traffic, Poland’s PKP Cargo plans to invest $1 billion in a village on the border with Belarus to create what the state company calls Europe’s largest and most modern a...

Facing collapsing demand, two thirds of Ukrainian hotels cut room prices last year Facing collapsing demand, two thirds of Ukrainian hotels cut room prices last year, according to a 122 3-star hotels survey by the Association of Hotels and Resorts of Ukraine. Other responses include...

PKP’s announcement is the latest China-oriented logistics investment planned for the 600 km Brest to Chop fault line PKP’s announcement is the latest China-oriented logistics investment planned for the 600 km Brest to Chop fault line that marks the rail gauge break between Soviet broad gauge and EU narrow gauge. Pro...

Ukrainian resort hotels were almost entirely occupied during the Christmas-New Year holidays Ukrainian resort hotels were almost entirely occupied during the Christmas-New Year holidays, Artur Lupashko, founder of the Ribas Hotels Group hotel chain, tells Interfax-Ukraine. Bukovel, the Carpat...

In Ukraine In Ukraine, electrification of the 95 km stretches of track between Kovel, Volyn’s rail hub and the Polish border was discussed yesterday in an online meeting between Infrastructure Minister Vladyslav...

UIA resume flights between Tbilisi and Kyiv Boryspil on Sunday UIA resume flights between Tbilisi and Kyiv Boryspil on Sunday. The resumption of twice a week flights comes as Georgia reopens on Monday to all airlines flying to Georgia. Tourism, a key component of...

Slovakia Slovakia intends to turn its existing rail freight marshalling yard at Dobrá into a major East-West logistics hub. The Czech rail company Metrans already sends trains from China to Dobrá, which is thr...

In Hungary In Hungary, work has started on a $75 million road and rail hub in Fényeslitke, 25 km south of Chop. Capable of handling 1 million TEU containers a year, the East-West Gate will take advantage of a sp...

President Zelenskiy yesterday failed for second time in one month to muster enough Rada votes to make Yuriy Vitrenko Energy Minister President Zelenskiy yesterday failed for second time in one month to muster enough Rada votes to make Yuriy Vitrenko Energy Minister. Although Zelenskiy’s Servant of the People has a majority in parli...

Timothy Ash writes Timothy Ash writes: “This is a reflection of Vitrenko’s background as a proven reformer, and strong adherent to market principles, plus also opposition from oligarchic business groups in the Rada…unde...

The IMF mission will extend its online review of Ukraine’s $5 billion program for another 10 days The IMF mission will extend its online review of Ukraine’s $5 billion program for another 10 days, reports Interfax-Ukraine. “It’s crucial for us to stay within the IMF program,” Finance Minister Serh...