State-controlled Oschadbank (Kyiv) has attracted credit resources from the German-Ukrainian Fund (GUF) in the amount of EUR 8 million and UAH 50 million to finance micro, small and medium-sized businesses. According to a bank press release, the parties signed the relevant credit agreements within the framework of the memorandum on strategic partnership and cooperation on…
Sunseed crushing volumes have been shrinking for a second month in a row in the current 2016/2017 season. Ukraine’s large and medium-sized crushers produced 439.2 KMT of sunoil in February, down by 7.7% MoM (475.7 KMT). However, 2016/2017 production continues to be all-time high in terms of both February and seasonal outputs. Sunoil production by…
Belarus and Turkmenistan are able to raise trade to $1 billion, Ambassador Extraordinary and Plenipotentiary of Belarus to Turkmenistan Oleg Tabanyukhov declared on March 29. “Our embassy should treble our efforts. Our task is to raise the trade to $1 billion. Today we are exploring the ways to accomplish this task,” Oleg Tabanyukhov said. In…
The process of inventory of two troubled commercial banks – Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development) and Fononbank – is going on and special administrators appointed by the court say the banks have enough assets to settle with their customers. The banks began paying out savings starting from March 16. The…
In 2017, Kherson region is expected to raise investments worth $250 million thanks to building new alternative energy facilities within its area, Kherson Regional State Administration Head Andriy Hordeyev has stated in a report on the administration’s management performance for 2016. “In 2017, thanks to new energy facilities, we expect to reach 250 megawatts of…
DTEK Naftogaz has announced a tender to select a contractor for drilling four wells at the Semyrenkivske gas condensate field, the company has reported. All wells are slant wells, their depth is 5,500-5,700 meters. The drilling is to be finished in 2017-2019. Bids can be submitted until April 20. The conditions of the offer meet…
Once the sale of Sberbank of Russia’s subsidiary in Ukraine is closed, the bank will be renamed Norvik Banka. “The bank will be renamed. By all appearances, its name will be Norvik Banka, because it will be a subsidiary of European bank Norvik Banka,” Russian-born businessman Grigory Guselnikov said. The change in the bank’s brand…