PJSC “Ukrtransgas” (Kiev) has announced its intention to conclude a contract with IC “VUSO” for compulsory insurance of civil liability, according to the electronic procurement system Prozorro. The expected purchase price of the relevant services is UAH 1.175 mln, the company’s price offer is UAH 1.131 mln.
“Ukrtransgas”, 100% owned by NJSC ‘Naftogaz of Ukraine’, operates the system of main gas pipelines and 12 underground gas storages of the country.
IC VUSO was founded in 2001. The company holds 50 licenses: 34 – for voluntary and 16 – for compulsory types of insurance, is represented in all regions of Ukraine. It is a member of the Motor (Transport) Insurance Bureau of Ukraine (MTSBU), the League of Insurance Organizations of Ukraine, and also a member of the Nuclear Insurance Pool.
Ukrnafta PJSC produced 1.170 billion cubic meters of gas in 2024, which is 6.5% more than in 2023 (1.097 billion cubic meters) and 1.418 million tons of oil, which is 0.6% more than in the previous year (1.410 million tons). According to the company’s press release on Thursday, production growth in oil equivalent in 2024 amounted to an additional 70.5 thousand tons of hydrocarbons, or 3%: 2.42 million tons against 2.35 million tons in 2023.
“Despite prolonged power outages that limited mechanized oil production, the company managed not only to compensate for the natural decline but also to ensure an increase in oil and gas volumes,” said Sergiy Koretsky, Ukrnafta’s CEO, as quoted in the press release. He added that the company has been improving its production figures for the second year in a row.
According to the company, in 2025, Ukrnafta will continue to drill new wells, upgrade equipment, replacing Soviet equipment with modern and technological equipment from world leaders, and intensify production.
“Ukrnafta is Ukraine’s largest oil producer and operator of the national network of gas stations. In March 2024, the company took over the management of Glusco assets and operates 547 filling stations – 462 owned and 85 managed.
The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, the company has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
“Ukrnafta holds 92 special permits for commercial development of fields. It has 1832 oil and 154 gas production wells on its balance sheet.
Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company owned by private owners, which is currently managed by the Ministry of Defense.
The sugar market in Ukraine is stable, but with the opening of the European Union market in 2025, it opens up new prospects for Ukrainian producers, according to the analytical cooperative Pusk, created within the framework of the All-Ukrainian Agrarian Council.
The analysts reminded that since January 1, 2025, Ukrainian producers have gained access to the EU market thanks to new agreements on trade liberalization. This step has opened up the possibility for Ukraine to export large volumes of sugar to the European market without additional duties, which previously hindered the growth of supplies.
“The opening of the EU market is an important event for our industry. Currently, we are just starting to sign contracts for exports to Europe, but we expect a significant revival in this area in February-March. In January, we actively exported sugar to Turkey and African countries, but the European market is gradually becoming a priority,” the experts said.
According to them, the selling prices for sugar in Ukraine are 23-24.5 thousand UAH/t. This level is relatively stable, but seasonal factors and export expansion may lead to a gradual increase in prices in the near future.
“January-May is usually a period of seasonal growth in sugar prices. Probably, the current price level is one of the lowest, and the cost will continue to grow. The opening of the European market will also contribute to this dynamic,” experts predict.
In the coming months, the share of European supplies in the export structure will increase, which, in turn, will have a positive impact on the Ukrainian economy, Pusk summarized.
The upcoming Ukraine Recovery Conference (URC-2025) on July 10-11 this year in Rome will be attended by over two thousand participants, including almost 100 different delegations and 700 enterprises, said Italy’s Special Envoy for Ukraine Recovery Davide La Cecilia.
He pointed out at the Ukrainian House on the margins of the World Economic Forum in Davos on Wednesday that URC-2025 will feature conferences focusing on four areas: business, human capital, regional development and European integration.
According to La Cecilia, the conference will be held on two levels: the first will be organized panel discussions, while the second will be a recovery forum and a business fair.
As the Ambassador informed, the latter will feature 120 stalls, including 30 presented by Ukrainian companies, 30 by Italian companies and another 30 by international companies.
Cecilia noted that the Italian business community has expressed an active desire to participate in the Conference, and at the moment the process of consultations with them has started.
The Ambassador also said that in preparation for URC-2025 on March 5 in Milan will be held an event in cooperation with the Italian Chamber of Commerce and Industry, which will be attended by a hundred Ukrainian companies, a hundred Italian and a hundred representatives of the international community. “We will talk about housing construction, about energy,” the special envoy added.
Cecilia also indicated that further on April 2, Kiev will host a civil society event, and the next event is scheduled for May 10 in Verona.
The EU will provide Ukraine with €35 billion in financial support in 2025, European Commission Vice President Valdis Dombrovskis said on Platform X on Wednesday evening.
“The EU is providing Ukraine with financial support through the G7 ERA credit initiative and the Ukraine Facility in the amount of €35 billion for 2025,” Dombrovskis wrote.
Revenues from tourism can grow tenfold if a new law on tourism is adopted and market transparency is ensured, said Mariana Oleskiv, head of the State Agency for Tourism Development (DART), at a reporting press conference.
“Over the five years of DART’s existence, we have been able to achieve significant efficiency in the systemic development and regulation of the Ukrainian tourism industry, together with MPs we have developed the Law on Tourism, the concept and the first stage of the Unified Tourism Register (UTR) and harmonized the interaction between participants. Despite the war, tourism today brings about UAH 3 billion to the country’s budget and creates new niches. These revenues can grow tenfold after the adoption of the new law “On Tourism” and ensuring transparency of this market, including the submission of statistics on tourist accommodation,” she said.
Oleskiv explained this indicator by calculations based on the example of the Slavska community, based on the break-even level of institutions (30% of the workload – IF-U).
“The better data the community receives, the better it can manage this area. For example, a certain season is less active, so the community can reduce the tourist tax and do more promotion to attract more visitors with promotions,” she explained.
Over the five years that Oleskiv has been in charge of DART, state budget revenues from the tourism industry have increased from UAH 1 billion 852 million in 2020 to UAH 2 billion 938 million in 2024. According to a forecast by Oxford Economics, made at the request of DART, the country’s tourism industry could bring up to UAH 598 billion to the state budget in 2034.
“We managed to get Russia expelled from the UN World Tourism Organization, and we created a whole new niche – memory routes. We have reoriented tourism from international to domestic and managed to interest people in new destinations to visit. Today, there is a very real and fully prepared strategy for the development of the industry for the coming years, as well as a professional environment that demonstrates unity and high interaction,” she says.
Systemic steps to create modern rules for managing the industry include a new law on tourism, bills to stimulate investment and development in the industry, a new hotel categorization system, and the creation of the first joint municipal enterprise in the tourism sector.
“Today, the first stage of the UTR has been created, an important element of which is the new categorization system developed by DART experts, after which it makes sense to finalize the second stage of the UTR in accordance with new criteria that meet European ones,” Oleskiv said.
The draft resolution adds modern formats (hostels, glamping, camping, etc.) to the categorization system, in addition to 1-5 star hotels. All accommodation facilities are required to register voluntarily through online resources (address, basic documents, number of beds, etc.). As for the categorization and star rating system, Oleskiv believes that, as required by international practice, it should include on-site compliance checks.
Oleskiv hopes that both the law and the resolution on the new categorization system will be adopted this year, which will help the systematic development of the industry, which has the potential to become a driver of the country’s economy.
