Shareholders in private joint-stock company AMD Illichivsk (Odessa region) have permitted the company’s board to refinance a credit line with the limit of $30 million (765.98 million UAH). According to a company report, the decision was made at an extraordinary general meeting of shareholders on October 28. The shareholders authorized the board of ADM Illichivsk…
Following a surge of public bewilderment over the riches declared by Ukrainian officials and members of parliament under a new system of electronic declaration of the personal financial status, Ukrainians have come up with proposals to make high-rank personalities invest the resources declared in the national economy. A petition for this was registered at the…
China’s Silk Road Economic Belt concept has been adapting to Russia’s Eurasian integration program, Russia’s ambassador to China Andrei Denisov said. “There has been significant progress in determining the mechanism of interaction between the Eurasian integration project and the Silk Road concept”, the ambassador said. “We have an opportunity to boost cooperation in all areas”,…
The largest bank in Ukraine, PrivatBank (Dnipro) posted a 6.5-fold rise YoY in profit in January-September, to 592 million UAH, the bank has said in a report. Net interest income (before payments to reserves) over the period reached 3.085 billion UAH (3.281 billion UAH in January-September 2015). Commission revenue grew by 71%, to 7.587 billion…
Baltic Fuel Company (BFC) says it has obtained a final permit from the Federal Marine and River Transport Agency (Rosmorrechflot) for construction of Marine Oil Terminal “Turukhtanniye Islands” within the Big Port St. Petersburg. This document approves of the construction of the entire complex of assets. The permit for construction of this terminal issued by…
Six new outbreaks of African Swine Fever (ASF) have been reported on pig farms and backyard/village units in Ukraine. The outbreaks were reported in the north and south of the country in the areas of Kharkov, Odessa, Nikolayev and Poltava. In total, there were 11 cases. (ThePigSite/Business World Magazine)
BelAZ heavy-duty truck manufacturer is due to hold a contest to choose a project developer, a project designer and an equipment supplier for a $45 million project aimed at upgrading the truck manufacturer’s CNC machine workshop. The closing date for applications is December 23. The equipment and solutions are to be supplied in the period…