Ukraine is currently debating grain quotas and the jury is still out on the country’s new president but the energy sector is making waves.
Poland’s richest man, billionaire Jan Kulczyk, who bought into Ukraine’s natural gas production in June, has already started drilling. Kulczyk Oil Ventures launched the M-19 well at the Makiivka gas deposit in Donetsk region.
Earlier [...]
Author Archives: admin
Ukraine’s Gas Wells and Windmills
Aug 25 2010 – 9:33 am
Feeling War
Jul 26 2010 – 10:52 am
Yesterday’s New York Times Week in Review Article: “The War – A Trillion Can Be Cheap” made a very insightful point about the fact that since we do not feel the war, we are divorced from it. Meanwhile it is draining our collective coffers at a startling rate.
Meanwhile I am currently reading, “The Balkan Trilogy,” by [...]
Ukraine Econ Upturn As its Billionaires Start to Raise Cash
Jul 22 2010 – 10:23 am
Ukraine’s youngest billionaire, Kostyantin Zhevago, who almost lost his iron ore producer, Ferrexpo, when markets crashed two years ago, is back raising cash. According to Millenium Capital, Ferrexpo completed its road-show July 16 planning to place Eurobonds worth $500 million. The company plans to ramp up production by 50% over the next five years, and has [...]
Gold Tussle: Russia vs. Kazakhstan
Jul 13 2010 – 12:50 pm
Plans by the owners of Russia’s top gold producer, Polyus Gold, including Russian billionaires, Mikhail Prokhorov and Suleiman Kerimov, may be thwarted in their efforts to buy Kazakh gold miner KazakhGold Group.
The Kazakh government this week annulled a merger of the two evoking the 2007 Subsoil Law which allows the government to annul any contract involving the [...]
Ukrainian billionaires behind Privat Group Take on Russian Billionaire Makhmudov
Jul 08 2010 – 9:25 am
Ukrainian billionaires, Henadiy Boholyubov and Ihor Kolomoyskyy, via Mantara Holding, a company close to the their jointly-owned Privat Group, may be in for a fight over Ukrainian locomotive-maker, Luhanskteplovoz, with Russian billionaire, Iskander Makhmudov.
Mantara Holding filed a lawsuit with the State Property Fund of Ukraine (SPF) to cancel the sale of Luhanskteplovoz to Transmashholding, Russia’s largest maker [...]
Luxe travel not set to recover until next year
Jul 07 2010 – 10:34 pm
Global Markets recently interviewed Mark Tamis, COO of Setai Hotels and Resorts, about his expectations for the global travel industry and how Setai, a luxury concept targeting “the world’s most coveted and affluent consumers,” stays on top. An excerpt of the conversation follows:
Global Markets: Let’s talk about the past several years in travel.
Tamis: “Challenging would be [...]
Billionaire Post Office
Jul 05 2010 – 1:16 pm
I recently read Mrs. Adams in Winter, a wonderful historical biography that took me on a carriage ride from Russia to France along post roads in 1815 (the upkeep of roads was not for individual travel per se but to ensure swift and efficient mail communiques). Not only were the roads she travelled important in [...]
Ukrainian Billionaire Akhmetov Tries For Another Steel Mill
Jun 17 2010 – 11:12 am
After recently losing Ukraine’s fourth largest steelmaker, Zaporizhstal, to an unnamed group of Russian investors, Rinat Akhmetov, Ukraine’s wealthiest (with a fortune estimate by Forbes at $5.2 billion) is at it again.
Akhmetov’s Metinvest, Ukraine’s largest vertically integrated steel group, is negotiating a merger with Mariupol Ilyich Steelworks, the country’s largest flat rolled steel producer.
According to a note from financial [...]
Polish billionaire buys Ukrainian gas firm in middle of Naftogaz debate
Jun 15 2010 – 8:19 am
Polish richest man, billionaire Jan Kulczyk, whose fortune was estimated by Forbes to be $2.1 billion in March, is increasing his energy investments in Ukraine.
His Kulczyk Oil Ventures, through its subsidiary, Loon Ukraine Holding, bought a 70% stake in of one of Ukraine’s largest private producers of natural gas, KUB-Gas, for $45 million; the deal [...]
New World (that is China, India) Outpaces Old World 2 to 1
Jun 10 2010 – 10:11 am
Greece, Spain and Hungary once spawned mighty empires (8th to 6th century BC, 15th century AD and 19th century AD respectively), but now their crumbling economies are far outshined by cousins in the East – particularly China and India.
Yes we all know China and India are giants but today consulting firm BCG came out with its [...]