The Ukrainian State-Owned Enterprises Weekly issue 131 covers events from May 4-10, 2024. The corporate governance of State-Owned Enterprises (SOEs) in Ukraine is discussed, with the appointment of a new acting CEO for Ukrspyrt, Stanislav Banchuk. The privatization of Ukrspyrt distilleries is also mentioned, with 17 facilities planned to be privatized in 2024. The National Bank of Ukraine reports on losses from the Polish blockade partially offset by maritime trade.
In the energy sector, Russian attacks on Ukrainian energy infrastructure are highlighted. Damage to transmission facilities and gas infrastructure in various regions is reported. The European Council extends export tariffs suspension for Ukraine for another year to protect the EU market. Ukrhydroenergo reports damage to two hydroelectric power plants, including one destroyed beyond restoration due to a massive explosion.
The financial results of Ukrenergo for 2023 are discussed, with the company reporting a profit of Hr 377 million. Despite challenges from Russian attacks, the company also paid off debts and taxes to the state. Due to a significant shortage of electricity, restrictions are imposed on energy supply for businesses and industry in Ukraine. The German government grants 45 million euros to restore and protect energy infrastructure in Ukraine.
Naftogaz Group reports a consolidated net profit of Hr 23.1 billion in 2023, a rebound from the previous year’s loss. However, the financial statements are not yet available for public access. The company plans to pay dividends to the state based on its profits. Prime Minister Denys Shmyhal mentions the damages to over 800 heating facilities in Ukraine due to Russian attacks. The ongoing conflict has resulted in severe infrastructure damage across the country.
Privatization efforts in Ukraine involve the auction of confiscated assets like the PentoPack Plant, with a value of Hr 203 million. Ukrnafta and ARMA seek permission to manage assets previously owned by the Russian Tatneft Group. The media reports on the potential use of satellite systems made in Ukraine by Russian forces. Finally, the Bureau of Economic Security head faces scrutiny over alleged pressure on businesses, including a search of the CEO Club Ukraine’s premises.
