Ukraine: energy priorities for 2017

Representatives of political, business and expert circles have discussed the progress of Ukrainian energy reforms, the role of new strategic partnership in this area and priorities for 2017 at an international high-level conference on the new EU-Ukraine strategic partnership in energy and the role of business in this process in Brussels. “Having signed the memorandum…


Ukraine: IMF chief calls PrivatBank nationalization an important step to maintain fiscal stability

Managing Director of the International Monetary Fund (IMF) Christine Lagarde has welcomed the decision of the Ukrainian government and the National Bank of Ukraine on the nationalization of PrivatBank, the largest bank in the country, as it is an important step to ensure financial stability. “Today’s decision of Ukrainian authorities to nationalize PrivatBank is an…


Ukraine: FUIB begins the disbursement of funds to depositors of the PJSC “Bank Mykhailivskyi”

Starting on December 16, First Ukrainian International Bank (FUIB) began to disburse the guaranteed amounts of deposits to the customers of PJSC “Bank Mykhailivskyi”, that is to individuals whose funds were subject to compensation by the Private Deposit Guarantee Fund. PJSC “FUIB” disburses funds to depositors who, when concluding bank deposit/account agreement with PJSC “Bank…


Belarus: FEZ Minsk registers composite materials manufacturer

Minsk Free Economic Zone (Minsk FEZ) hosted a resident – NanoComposite, which planned to produce polymer materials with nano particles.

Established in March 1998, Minsk FEZ is now home to 113 resident companies. (Prime-TASS/Business World Magazine)

Ukraine: EBRD strongly supportive of decision to nationalize PrivatBank

President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti has said that the EBRD is strongly supportive of the decision of the Ukrainian government to nationalize PrivatBank and to protect the bank’s depositors, both individuals and businesses. “The nationalization which took place with the cooperation of existing shareholders will be combined with…


Estonia: Tekhnolift to supply EUR 3.378 million worth of equipment for Brest Garbage Plant

Estonia’s Tekhnolift will supply EUR 3.378 million worth of special equipment from European manufacturers for the upgrade of the state-owned company Brest Waste Recycling Factory, a company official reported. They plan to start the upgrade in spring 2017. Brest Waste Recycling Factory has been operating since November 2010, providing sewage water treatment and recycling solid…


Ukraine: grain exports at seaports up in mid-December 2016

On December 10-16, Ukraine exported 670.1 thousand tons of grains from the seaports against 635.2 thousand tons on the previous week.

In particular, wheat shipments reached 202.9 thousand tons, corn – 442.4 thousand tons, and barley – 24.8 thousand tons. (APK-Inform/Business World Magazine)

Ukraine: Ukroboronprom to expand cooperation with Defense Ministry under UKRARPA project

The Ukroboronprom State Concern seeks to have tighter cooperation with Ukrainian Defense Ministry under the UKRARPA defense innovation development platform project initiated by the concern. Ukroboronprom Head Roman Romanov said that recently the UKRARPA project was presented to the Defense Ministry and the General Staff. The project was approved by the military. It was decided…


Ukraine: agricultural exports exceed $11 billion in January-October 2016

According to the State Statistics Service, in January-October Ukraine exported agricultural products valued at $11.837 billion, or 40.7% of the general national exports, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, grain crops ($4.8 billion, or 16.5% of the general agricultural exports), food preparations ($1.9 billion, or 6.4%), fats and oils…


Italy: Honeywell to install SCADA for TAP

Trans Adriatic Pipeline AG (TAP) has selected Honeywell SRL of Italy for the engineering, procurement and installation of its SCADA (Supervisory Control and Data Acquisition) telecommunications and security systems, reads a message posted on the TAP website. “The SCADA and security system will provide integrated, centralized and seamless monitoring and control along the entire 878-kilometer…