The operation results of Astarta agroindustrial holding improved in all business segments in 2016, the company’s press service reported. Astarta’s plants increased sugar production by 42% in 2016/2017 agricultural year (September-August), to 505,000 tons YoY. Gas consumption per ton of sugar beet fell by 4%, to 25,100 cubic meters. In 2016 the company exported a…
Four international companies are supplying imported gas to Ukraine to sell it to local consumers, Commercial Director of the national joint-stock company Naftogaz Ukrainy Yuriy Vitrenko reported. “These are Hungarian, Swiss, German and French companies,” he said. Vitrenko said that in January these and other importers of natural gas to Ukraine imported less gas than…
Moldova has outlines for settling its debt to Russian gas giant Gazprom, but the debt of the breakaway Transdniester republic is a complicated issue, Moldovan President Igor Dodon said. “We have an idea how to end the situation. As of today, the debt of the right bank (of the Dniester River) is about $500 million.…
S&P Global Ratings assigned its preliminary ‘B’ long-term corporate credit rating to Kernel Holding S.A. (Kernel), a Ukraine-based producer and exporter of sunflower oil and grains. The outlook is stable, S&P said in a press release. S&P assigned its preliminary ‘B’ ratings to Kernel and its proposed U.S. dollar-denominated eurobond. Final ratings will depend on…
National joint-stock company Naftogaz Ukrainy has confirmed that it received a $5.3 billion bill from Russia’s Gazprom for gas the company did not order in 2016. Naftogaz does not intend to clear it until Arbitration Institute of the Stockholm Chamber of Commerce issues its final decision, the press service of the company reported. “Gazprom refers…
Belarus is eager to implement new projects with Austria’s Kronospan Group, Belarusian Prime Minister Andrei Kobyakov said as he met with Kronospan owner Peter Kaindl on January 18. The head of the government noted that Belarus appreciated the contribution of this investor to the development of the Belarusian economy. “We attach great importance to the…
The presidential decree “On additional measures for the intensification and expansion of activities of free economic zones” dated October 26, 2016 serves as an important guide to action in creating a more favorable investment climate, expanding privileges and preferences. A single legal regime for free economic zones, unification of tax and customs privileges and preferences,…