The European Bank for Reconstruction and Development (EBRD) has lent a $20 million loan to Zerno-Agrotrade LLC and Tsukoragroprom LLC, owned by the Astarta agro-industrial holding, for replenishment of their working capital.
“Astarta will introduce advanced IT solutions necessary for precise farming that it develops in Ukraine. These modern agricultural technologies will allow boosting the yield of agricultural crops and reducing the use of mineral fertilizers by 15%,” EBRD Senior Adviser for External Relations Anton Usov wrote on Facebook.
In the next three years, Astarta also plans to increase the area of land on which it will use the technology of precision farming.
“In the context of this project, Astarta will also offer a high-quality integrated training program for graduates of schools and students of universities who want to work in the agricultural sector of Ukraine,” Usov noted.
Astarta is a vertically integrated agro-industrial holding operating in Poltava, Vinnytsia, Khmelnytsky, Ternopil, Zhytomyr, Chernihiv, Cherkasy, and Kharkiv regions. It consists of eight sugar refineries, agricultural enterprises with a land bank of about 250,000 hectares, a soybean processing facility, dairy farms and a complex that produce energy from agricultural residues.
One troy ounce=31.10 grams
PJSC Odesa Cable Works Odesakabel has launched a new production facility for the production of modern LAN cables, the company’s press service said.
“One of the latest investments was the acquisition of modern equipment for the production of LAN cables from the world’s leading brands: NIEHOFF (Germany) and SETIC (France),” the company emphasized.
The new LAN cables production complex was launched on August 21, 2018.
The plant emphasizes that the commissioning of the complex will allow the enterprise to increase output by 70%, or 5,000 km of cable per month, while quality will meet the highest international standards.
Odesakabel is the largest cable factory in Ukraine. It produces optical fiber cables, LAN cables, radio frequency cables, telecoms cables, power cables, wires and cords.
The government of Ukraine will offer Moldova to build a bridge across the Dniester in Vinnytsia region, Ukrainian Deputy Prime Minister Volodymyr Kistion wrote on Facebook on Wednesday.
“From the economic point of view, the project is advantageous not only to Ukraine and Moldova, but also to the entire European Union. Therefore the Ukrainian government is going to come up with a proposal to the Moldovan side to sign an intergovernmental agreement soon and start building the bridge,” he said.
According to Kistion, the shortest way between Kyiv and Chisinau today is the road through the city of Yampil in Vinnytsia region, which also includes a ferry service between two European countries with a length of 100 km, which has become obsolete and obsolescent long time ago.
The construction of this bridge is stipulated in the Transport Strategy of Ukraine until 2030, he added.
Grain Alliance (LLC Baryshivska Grain Company), a large agricultural producer in Ukraine, has completed the harvesting of early grain and legumes, having threshed 43,800 tonnes of grain from 7,800 hectares.
The average yield of wheat is 5.77 tonnes per hectare; second- and third-grade wheat accounts for 84.5% of the harvest, the company said on its website.
The company is now preparing for gathering late crops.
Grain Alliance was co-founded by Harvest Moon East LLC (Baryshivka, Kyiv region) and BZK Grain Alliance (Sweden) in 2009.
Grain Alliance tills about 50,000 hectares of agricultural land in Ukraine’s Kyiv, Cherkasy, Poltava, Khmelnytsky and Chernihiv regions.
The company owns five grain storage facilities in Kyiv and Poltava regions, a seed processing plant with a capacity of 30,000 tonnes per year.
