The decision on allocation of additional funding in the amount of 15-20 billion UAH for the road sector will be made in 2017, President of Ukraine Petro Poroshenko has said. “This year 10 times more roads have been built than in 2015. Not 10% but 10 times more, and I emphasize the decision on allocation…Details
Director of the European Bank for Reconstruction and Development (EBRD) in Ukraine Sevki Acuner hopes an agreement on financing subway construction in Kharkiv will be signed in the first half of 2017. “Now the procedure of due diligence is underway. We are completing preliminary preparations, developing the project. I hope we will be able to…Details
Since the beginning of 2016/2017 MY, Ukraine exported 19.7 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared on December 13, referring to the State Fiscal Service. In particular, wheat exports totaled 10.5 million tons, barley – nearly 4.1 million tons, and corn – 5.1 million tons. Also, flour export…Details
A new oilseed crushing facility of LLC Taiynsha-May has recently started operating in the Kazakh village of Ilichevka, Amadyk village district. The project is being implemented jointly with Chinese investors. The plant’s design capacity will be 300 KMT of oilseeds a year. The facility is aimed at making products for export. Kazakh sunoil exports to…Details
Automotive Electric Ukraine LLC (Chernivtsi), a manufacturer of electric cable products for cars, the founder of which is Prettl Kabelkonfektion GmbH (Germany), was opened on December 13, with the participation of the Prime Minister of Ukraine Volodymyr Groysman. “We’ve opened Automotive Electric Ukraine LLC in Chernivtsi. Investments totaled 80 million UAH, some 1,000 jobs will…Details
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Public joint-stock company Ukrzaliznytsia would see some 300 million UAH in profit in 2016, Ukrzaliznytsia Board Chairman Wojciech Balczun has said. “I think that in 2016 we would see profit of near 300 million UAH”, he wrote on his Facebook page. He said that earlier the financial plan for 2016 was revised. The number of…Details
Ukraine has managed to become a key wheat supplier to the Indian market this season, running close to Australia now. Ukraine exported more than 900 KMT of wheat to India in the first five months of the season. This is a historical high of Ukrainian wheat supplies to the country. Another factor that fueled last…Details
State-run enterprise Ukrspyrt expects to see 46 million UAH of net profit in 2016 compared to net loss of 13.89 million UAH in 2015. “The official figure for 2015 is the loss of around 14 million UAH. It is the official report submitted to the State Fiscal Service. We want to have around 46 million…Details
Acting head of the State Automobile Roads Agency of Ukraine (Ukravtodor) Slawomir Nowak has said that Poland’s experience in reforming the road sector would suit Ukraine. “I would back on my experience in Poland. I think the ‘copy-paste’ policy would work here”, he said at a meeting at the American Chamber of Commerce in Kyiv.…Details
According to Bulgarian Ministry of Agriculture, as of December 1, 419.2 thousand ha of corn were threshed, which was 99.2% of the plan (423 thousand ha). 2210.2 KMT were harvested with the average yield of 5.27 MT/ha. Pace of harvesting is 0.4% lower than in 2015 due to weather conditions, which are unfavorable for finishing…Details
October sunoil exports from Ukraine amounted to 433 KMT, or up by 183 KMT (73%) MoM and by 25 KMT (6%) YoY. The new season of 2016/2017 features active vegoil sales on foreign markets. Export shipments for the past two months reached 683 KMT, a record high for this time, and exceeded last season’s level…Details
Subsidiary of Kaspersky Lab (Moscow) Kaspersky Lab Ukraine LLC (Kyiv) has announced its liquidation under the decision of its owner.
Claims of creditors can be submitted within two months from the moment of the publication of the announcement (until February 14, 2017).
Andriy Polischuk has been appointed liquidator of the company. (Interfax/Business World Magazine)
On November 21-30, air temperatures were below normal in the south and southeast of Kazakhstan, where winter crops were grown. Precipitation rates were below normal as well. Kazakh meteorologists say the alternation between above-zero air temperatures and their night drops to –27 degrees C during that period may affect winter hardiness of underdeveloped winter wheat…Details
Ukraine is interested in increasing imports of coffee, tea, exotic fruit and nuts from Kenya, and Kenya, in its turn, is interested in supplies of Ukrainian grain, flour, apples, juice concentrates, seeds and fodder for poultry and fish farming. These issues were discussed during an official visit of the Ukrainian delegation headed by Deputy Economic…Details
In January-November the production volumes of agricultural commodities in Ukraine increased by 2.9% YoY at the expense of rising production volumes of plant growing commodities, the State Statistics Service of Ukraine announced on December 14. In particular, the production of plant growing products grew by 5.3%, while livestock products output was down by 2.9%. According…Details
The Armed Forces of the Republic of Kazakhstan have received the first multi-role Mi-35M attack helicopters. The first helicopter was spotted in Almaty Airport. At present Kazakhstan uses old Soviet Mi-24 helicopters. The multi-role Mi-35M attack helicopter is a comprehensive modernization of the Mi-24V. The Mi-35M was developed by the Mil Moscow Helicopter Plant, and…Details
In January-October the prices for exported products in Kazakhstan increased by 9.9% YoY, including grains – by 13.6%, the Committee on statistics at the Ministry of National Economy reported. According to the announcement, in the reporting period the export prices for cotton increased by 36.6%, wool – by 10.6%. In addition, the prices for imported…Details
Ukraine will launch a dialogue with the European Union in 2017 to promote the development of the country’s industry, Deputy Minister of Economic Development and Trade Representative of Ukraine Natalia Mykolska has said. “In 2017 we start the industrial dialogue with the European Commission to stimulate the Ukrainian industry”, she wrote on her Twitter account…Details
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…Details
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…Details
Iran is interested in the exports of agricultural products to the Russian Federation and other CIS countries through the territory of Azerbaijan, the Governor of the Iranian province Golestan Hassan Sadiq declared. According to the governor, Golestan takes an important position in development of agriculture in Iran. Sadiq noted that the province had a well-developed…Details
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…Details
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…Details
Gas Natural Fenosa Furnizare Energie requests ANRE to increase the tariff for the electricity supply to the residential customers by 14.2%, to 219.3 bani per 1 kW-h. The company petitioned the National Agency for Energy Regulation on the approval of the new tariffs, and applying them from January 1, 2017. Currently, the residential consumers connected…Details