KSG Agro plans to increase pig numbers by 50% in 2019, according to a company report on the Warsaw Stock Exchange (WSE).
“We want to double the number of pigs by 50% – from the existing 60,000 at the fattening stage to about 100,000 heads. This is a level that is safe in terms of availability of feed,” KSG Agro CEO Andriy Skorokhod said.
The Ukrainian holding also plans to set up an enterprise for the selection of sows with a capacity of 2,000 heads with a group of investors at the first stage (a total of three stages of the project are planned).
“Negotiations with partners continue, the project will involve the Danish fund and the Ukrainian retail chain, and we intend to cover 30% of the project’s shares. We plan to sell sows not only to the Ukrainian market, but also to foreign markets, and we have some experience in selling to China and Georgia,” Skorokhod said.
According to him, a fall in the number of pigs in the world, in particular because of the ASF, contributes to the plans of the agricultural holding. More detailed information will become known in a few months.
KSG Аgro is a vertically integrated agricultural group, working in almost all the segments of the agricultural market, including the production, storage, processing, and sale of agricultural products.
NJSC Naftogaz Ukrainy has completed repayments under the loan agreements worth $500 million received under the World Bank’s guarantees and state guarantees, the press service of the company has reported.
According to Naftogaz, within the framework of these loan agreements, which were signed on December 30, 2016, the company managed to purchase about 5 billion cubic meters of natural gas from the European direction over two years.
“In general, since 2014, Naftogaz has redeemed the state-guaranteed loan debt amounting to about $3.2 billion in a timely manner and in full. Naftogaz’s loan portfolio has decreased by 6.6 times since 2014 and is a record low,” Naftogaz CEO Andriy Kobolev said.
The company noted the important role of further cooperation with the creditors and noted that this year the company plans to pump 3 billion cubic meters of gas more into underground gas storage facilities (20 billion cubic meters) compared to the previous year.
German Federal Chancellor Angela Merkel is pleased with the resumption of the work of the Normandy format in the framework of the Minsk process.
“I am glad that we are resuming the work in the Normandy format in the framework of the Minsk process,” Merkel said at a joint briefing with Ukrainian President Volodymyr Zelensky in Berlin on Tuesday.
First Deputy Prime Minister and Economic Development and Trade Minister Stepan Kubiv at the annual meeting of the Board of Governors of the Black Sea Trade and Development Bank (BSTDB) has called the bank to increase financing of projects in Ukraine commensurate with the country’s contribution in the bank’s share capital, the Economic Development and Trade Ministry has reported on its website.
“It is important that the Board of Governors expands the activities of the bank and in 2018 approved 28 new projects worth EUR 569.7 million. At the same time, it is important that the active portfolio in Ukraine corresponds to the level of our contribution to the share capital of the bank, that is, 13.5% rather than 6% as we see today,” the ministry’s press service said, citing Kubiv speakingh in Istanbul (Turkey).
He also proposed holding the 22nd annual meeting of the BSTDB in Ukraine in 2020.
The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established in 1998 by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey, and Ukraine. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries.
Ambassador William B. Taylor has become U.S. Chargé d’Affaires a.i. in Ukraine, the United States Embassy informs. “The U.S. Embassy in Kyiv is pleased to welcome Ambassador William B. Taylor back to Ukraine as Chargé d’Affaires a.i. He will lead our team in this period of historic elections and transition,” the U.S. Embassy in Kyiv said.
