News

Due to ill-considered and inconsistent decisions by state authorities, Smart Energy group is forced to once again stop the operation of one of the largest private gas producing enterprises - Representative Office of Regal Petroleum Corporation Limited, which is 100% owned by British public company Enwell Energy and operates in Poltava region. Before shut down, wells of the company produced a total average of 210,000 m3 of natural gas, 35 tons of condensate, 25 tons of oil and 19 tons of liquefied gas per day.

According to the results of 2024, the businesses of the Smart Holding Group paid over 1.2 billion UAH in taxes to various levels of budgets. These funds have become an important contribution to supporting the economic stability and resilience of Ukraine amid the ongoing war.

In total, since the beginning of the full-scale invasion, Smart Holding companies have transferred nearly 8 billion UAH to the state and local budgets.

Additionally, nearly 3 billion UAH was directed towards humanitarian aid for Ukrainian communities in the regions and support for the Armed Forces of Ukraine.

Among the largest taxpayers within the holding are:

• Smart Energy Group of Companies (gas production sector) – over 900 million UAH
• Agro-food Group of Companies "Veres" – over 150 million UAH
• Smart Maritime Group (shipbuilding and ship repair) – about 10 million UAH.

"We continue to support Ukraine’s economy by diligently fulfilling our obligations to the state. Hydrocarbon extraction, tax payments, job creation, and attracting international investments – this is our strategy aimed at supporting, developing, and securing the future of the country. Despite all the challenges we face today, Smart Holding businesses remain true to their values and principles, working for the dignified future of Ukraine and its citizens," said Ivan Herasymovych, CEO of Smart Holding.

As one of the largest private investors in Ukraine, Smart Holding not only fulfills its obligations to the state and shareholders but also actively works on attracting international investments in reconstruction projects and the development of critical sectors of the country's economy, such as energy, industry, and food production. We are especially focused on restoring a favorable investment climate and creating conditions and fair rules for sustainable economic growth.

Due to ill-considered and inconsistent decisions by state authorities, Smart Energy group is forced to once again stop the operation of one of the largest private gas producing enterprises - Representative Office of Regal Petroleum Corporation Limited, which is 100% owned by British public company Enwell Energy and operates in Poltava region. Before shut down, wells of the company produced a total average of 210,000 m3 of natural gas, 35 tons of condensate, 25 tons of oil and 19 tons of liquefied gas per day.

Foreign investors, particularly from the US and the UK, are forced to account for losses due to the suspension of Ukrainian enterprises owned by the British public company Enwell Energy. This is not merely a financial blow to the business but it sends a troubling signal to the international investment community.

On 14 November, Kyiv hosted a major brainstorming session with business and political leaders, focusing on how Ukraine can transition from being one of the world’s most promising economies to becoming a key player on the global stage. Discussions centred on opportunities for the future, attracting investments, and driving GDP growth.

To establish Ukraine as a significant player on the global economic map, overcoming the challenges of war is not enough. The inefficiency of the legal system and the government's reluctance to build transparent partnerships with businesses are equally threatening to business, the driving force of the economy. These points were highlighted by Ivan Gerasymovych, CEO of Smart Holding, during the "Ukraine 2050: Dialogues About the Future" forum organised by NV.

Yesterday, Smart Holding’s CEO, Ivan Gerasymovych, joined Chuck Valceschini, Non-Executive Chairman at Enwell Energy, and Oleksiy Zayets, Acting General Director of the Smart Energy Group, for a visit to the production facilities of Regal Petroleum Corporation Limited in the Poltava region. This site plays a crucial role in supporting Ukraine’s energy needs, producing natural gas, gas condensate, and liquefied propane-butane (LPG, autogas).

Forbes Ukraine, in partnership with Korn Ferry, has recently released its ranking of Ukraine’s most influential CEOs. This list brings together 303 leaders across 33 industries who are steering their businesses through unprecedented challenges. We’re proud to see Ivan Gerasymovych, Chuck Valceschini, and Oleksiy Zayets among these top executives.