Ukraine in the first half of 2017 implemented 415 international technical assistance projects worth a total of $5.32 billion, the press service of the Ministry of Economic Development and Trade reported. The major donors of technical assistance remained the U.S. with 104 projects worth $1.5 billion, the European Bank for Reconstruction and Development with 39…
Ornex, a company operated by SCM Group, has bought a 25% stake in DTEK Dniproenergo and DTEK Dniprooblenergo from the State Property Fund of Ukraine. The deal has taken place at PFTS Stock Exchange. The company paid UAH 728.236 million for a 25% stake in DTEK Dniproenergo, and UAH 1,004.676 billion for a 25% stake…
Prime Minister Volodymyr Groysman says that Ukraine and Lithuania may achieve a mutual trader turnover of $1 billion a year. He stated this at a meeting with Viktoras Pranckietis, Speaker of the Seimas of the Lithuanian Republic, in Kyiv on August 31. “The level of bilateral trade is quite high. We’d like to set the…
PJSC Farmak pharmaceutical company will invest UAH 230 million in the development of projects in 2017, Farmak CEO Augustin Dubnicka has said. According to Dubnicka, at present the company uses and plans to use mainly own funds for the development of projects, although in the past the company used a certain amount of attracted resources.…
Ovostar Union, a leading shell egg producer in Ukraine, saw $3.9 million of net profit in January-June, down by 56.5% YoY. According to a company report published on August 30, revenue over the period grew by 6%, to $36.5 million, while gross profit narrowed by 28%, to $8.5 million, and operating profit declined by 40%,…
The National Bank of Ukraine (NBU) has allowed banks to provide loans in domestic currency against the collateral of foreign currency on customers’ accounts. This has been reported by the press service of the central bank. “As part of further relaxations of anti-recessionary foreign exchange restrictions, the National Bank of Ukraine has allowed banks to…
Sugar refineries in Vinnytsia region intend to produce 375,000 tons of sugar in 2017, up by 10% YoY, according to Ukrtsukor National Association of Sugar Producers of Ukraine. India, Iran, Azerbaijan and China told Vinnytsia authorities they were interested in the purchase of sugar produced in the region. In 2017, seven sugar refineries will operate…