The Supreme Court of Ukraine has upheld court decisions obliging ex-owner of the insolvent Delta Bank Mykola Lahun to compensate UAH 4 billion, or $150 million, in favor of the state-run Oschadbank, according to the latter’s press service. The case concerns Delta Bank’s failure to fulfill obligations under two contracts of 2010 related to the…
Ukraine continued increasing flour exports at the beginning of 2017-2018: the country exported 72 KMT in the first two months of the season, or 20% more than at the same time last year (60 KMT was shipped abroad in July-August 2016). China is still the key end market for Ukrainian flour and keeps stepping up…
Kharkiv Bearing Plant (HARP), a part of UPEC industrial group, has signed a one-year contract to supply bearings to the largest manufacturer of agricultural machinery in Bulgaria – MetalAgro AD. According to the press release of the HARP, earlier MetalAgro AD used HARP AGRO bearings with a tight X-SHIELD sealing sold via HARP dealers. “For…
Kernel, a large agroholding in Ukraine, seeks to invest $130 million in construction of an oilseed crushing plant in Khmelnytsky region. The company said in a press release that the commissioning of the plant was scheduled for 2020. The installed processing capacity of the plant will be 1 million tons of sunflower seeds per year.…
Production of milk in Ukraine in January-September (excluding the temporarily occupied territory of Crimea and Sevastopol, part of the ATO zone) decreased by 0.9% YoY, to 8.109 million tons. According to the State Statistics Service, egg production increased by 1.6%, to 12.117 billion units. Production of meat (live weight) in January-September grew by 0.1%, to…
Raiffeisen Bank Aval (Kyiv) has become the third bank in Ukraine that will be able to carry out operations with the cash reserves of the National Bank of Ukraine (NBU) and also provide regional banks with cash and take surplus from them, reads a report on the NBU’s website. According to the report, Raiffeisen Bank…
The Deposit Guarantee Fund continues payments to the depositors of JSC Artem Bank and PJSC Vector Bank, the fund’s press service reports. “From October 10 the Deposit Guarantee Fund has started carrying out payments to the depositors of PJSC Vector Bank, who haven’t received their refunds during previous payments, and the depositors whose accounts have…