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…
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…
Ukraine exported 2,900 tons of cranberries and bilberries in 2016, up 3.3-fold YoY, Ukraine’s Agricultural Policy and Food Ministry has reported. The largest importers of Ukrainian berries were Poland (1,400 tons), the Netherlands (613 tons) and Belarus (541 tons). In general, exports of cranberries and bilberries brought $6.9 million of currency income last year. The…
In 2016, the exports of goods from Ukraine totaled $36.4 billion, a decrease of 4.6% compared with 2015 (down by $1.8 billion), the Ministry of Economic Development and Trade of Ukraine reported. According to the announcement, there was a significant slowdown in the rates of exports falling in comparison with the beginning of 2016. In…