Business news from Ukraine


13 September , 2017  

KYIV. Sept 13 (Interfax-Ukraine) – Olam International Ltd. (Singapore) seeks to invest millions in construction of a port grain terminal in one of the Ukrainian ports, First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said.
“Ukraine continues attracting investors, such as Olam International, a transnational corporation from Singapore, among the founders of which is Mitsubishi Corporation. Earlier Olam acquired Bila Tserkva Elevator and seeks to invest millions in construction of a port grain terminal in one of the Ukrainian ports,” he wrote on his Facebook page.
Kubiv said that top managers of Olam Ukraine promises to publish the details of the project soon.
“Now they are confident in the incredibly attractive prospects of operation in Ukraine,” Kubiv said.
Earlier Deputy Head of the State Property Fund of Ukraine (SPF) Yuriy Nikitin told the Focus publication that Mitsubishi Corporation is interested in acquiring public joint-stock company Mykolaivoblenergo and public joint-stock company Khmelnytskoblenergo.
“We finally see the adoption of the bills our European and U.S. partners asked for – the bill on the National Commission for Energy, Housing and Utilities Services Regulation (NCER) and the legal base for RAB tariffs. The issue of introducing these principles is competence of the government and the regulator. We will appraise the stakes [in the regional power supply companies], taking into account all these factors. There is demand. For example, Mitsubishi is showing its interest in Mykolaiv and looking at Khmelnytsky,” Nikitin said.
Olam International is a leading agri-business operating from seed to shelf in 70 countries, supplying food and industrial raw materials.
Olam Ukraine was founded in 2005. It is a leading supplier of cacao beans and cacao products to local confectionaries and the largest exporter of grain and dry dairy products.