KYIV. July 17 (Interfax-Ukraine) – PJSC Bank Sich (Kyiv) has increased its charter capital by UAH 71.69 million, or by 55.8%, to UAH 200.09 million by an additional issue of shares, the bank said on its website.
“The NBU agreed changes in the charter of PJSC Bank Sich, by which the bank’s capital was increased to UAH 200 million. The regulator’s capitalization requirements have been fulfilled by the bank in full,” the report says.
As reported, the bank will use the funds attracted from share placement to ensure its operating activities.
Bank Sich was founded in 2011. The largest shareholders of the bank by early January 2017 were Valeriy Razdorozhny (48.33%), Oleh Balanda (36.6667%), Andriy Melnyk (9.17%), and Oleh Hubanov (5.83%).
KYIV. July 14 (Interfax-Ukraine) – Agrofusion, the largest Ukrainian vertically integrated producer of tomato paste, could in August 2017 put into operation a tomato processing plant.
“We are building one of Europe’s largest commodity processing plants. We hope that at the end of August it will be successfully completed and put into operation,” Agrofusion (the Inagro brand) Financial Director Ivan Sakal said at a meeting of business representatives with Head of the State Architecture and Construction Inspectorate Oleksiy Kudriavtsev in Kyiv.
As reported, in March 2017 the European Bank for Reconstruction and Development issued a loan of $15 million to Agrofusion for building the third tomato processing plant.
The loan will allow the company to partially finance the construction of the third tomato processing plant in Ukraine with a capacity of 34,000 tonnes of tomato paste a year.
Earlier, the total cost of the Agrofusion project was estimated by the EBRD at $50 million.
In 2017 the Cabinet of Ministers of Ukraine approved funding of $23 million from the European Investment Bank to Organic System (Mykolaiv region), part of Agrofusion.
KYIV. July 14 (Interfax-Ukraine) – Ukraine has proposed to the European Commission to hold a forum devoted to raising investment into the Ukrainian economy early 2018 and a forum on the opportunities of using the Ukrainian gas transport system (GTS) in the context of ensuring energy security of Ukraine.
Ukrainian President Petro Poroshenko said at a joint press conference with President of the European Council Donald Tusk and President of the European Commission Jean-Claude Juncker in Kyiv on Thursday that Ukraine instructed to consider an opportunity of organizing a potent investment conference for Ukraine early 2018.
He also said that European gas transport operators have plans to jointly modernize and exploit the Ukrainian GTS and gas storage facilities. Ukraine proposed to the European Commission to hold a conference, an international forum devoted to the prospects of using the Ukrainian GTS in 2018, he said.
Poroshenko said that this conference could be conventionally named “Potential opportunities of the gas transport system for energy security of Europe.”
The Ukrainian president said that the energy front strengthening is dynamically developed in Ukraine and the European Union confirmed its readiness to support the country in the issue.
KYIV. July 14 (Interfax-Ukraine) – China’s TBEA International Ltd. Is studying the issue of building a 0.5 GW wind power plant in Mykolaiv region, the press service of the Ministry of Energy and Coal Industry of Ukraine has said.
According to the agency, the pilot project in the field of renewable energy, which the company plans to implement in Ukraine, has already passed all the necessary expertise.
The ministry said TBEA is a manufacturer of modern power equipment.
KYIV. July 14 (Interfax-Ukraine) – Ukraine’s State Treasury Service has sent UAH 528.86 million of budget subsidies for May, Ukraine’s Agricultural Policy and Food Ministry reported on its website on Thursday.
The ministry said that in May 700 agricultural producers received subsidies. The rest of subsidies in the amount of UAH 105.6 million will be transferred to next month.
In 2017, farmers have received UAH 1.3 billion.
As reported, State Treasury Service sent UAH 473.47 million of budget subsidies to farmers for April, UAH 241.8 million for March and UAH 79.8 million for February.
The government allocates UAH 4 billion for the subsidy system in agriculture in 2017.
KYIV. July 14 (Interfax-Ukraine) – Deputy Head of the Presidential Administration of Ukraine Kostiantyn Yeliseyev has said that during the visit of Ukraine’s President Petro Poroshenko to Georgia on July 17-19, a number of documents aimed at realizing the economic and investment potential of the two countries will be signed.
“Recently, we have significantly intensified our relations with Georgia, a new ambassador has been appointed. We expect strengthening our strategic partnership with Georgia and of course a number of important bilateral treaties will be signed, as well as the documents that will allow us to unlock the economic and investment potential of our cooperation,” he said on the air of Channel 5 on Thursday.
Yeliseyev said the state visit of the president of Ukraine to Georgia will take place on July 17-19.
