Due to the problems with logistics of agricultural products, Ukraine will fail to export the harvested grain volumes, the founder and CEO at the Agri-industrial holding Astarta Viktor Ivanchyk declared. Thousands of rail cars were taken out of service, the number of motor transport reduced, because many vehicles became disabled, and there is no upgrade…
Ukraine’s Mevics has raised $500,000 from Britain’s UBTower consulting company. The company has not presented other details of the deal. The Mevics team has created a gadget, which controls posture and synchronizes it with smartphone using Bluetooth. The price of the gadget would vary from $80 to $100. The team is working on the new…
Ukraine’s Cabinet of Ministers has postponed redemption of Series A, B and C 4.8 billion UAH bonds issued by the national joint-stock company Naftogaz Ukrainy for one year (until the end of 2017) to allow the company to have working capital in the conditions of permitting Ukrainians to pay 50% of the heating bills in…
Kernel, Ukraine’s major farming holding, is planning to kick off the construction of a new grain terminal in Chornomorsk as soon as in the coming months, the company’s management said. The terminal is designed to handle 4 MMT of grain a year. The investment amount is projected at $100 million. The construction of the facility…
In the current season (2016/2017) strong rapeseed demand from European countries due to a poor harvest has provoked a substantial decline in rapeseed crushing in Ukraine, Julia Garkavenko, chief oilseeds market expert of UkrAgroConsult notes. According to calculations, Ukrainian fat-and-oil companies processed about 200 KMT of rapeseed in July-November against 300 KMT at the same…
In the current season of 2016/2017 Ukraine’s grain market has faced a shortage of rolling stock for transporting grain freights. However, while the transport shortage was previously associated with a lack of railcars, the availability of trucks has also become an acute problem now. The logistical difficulties in Ukraine have already caused changes in the…
Ukrainian company Sixa, which has developed an application for access to a high-performance virtual computer in the “cloud,” has raised $3.5 million from U.S.-based Tandem Capital fund, as well as the investment companies Horizon Capital and Digital Future. “Sixa is a very valuable company for Digital Future’s portfolio. Fight among investors for the opportunity to…