KYIV. Aug 15 (Interfax-Ukraine) – The National Bank of Ukraine (NBU) is facilitating the conditions for foreign economic transactions and expanding the possibilities of financing imports, according to a posting on the NBU’s website.
According to the NBU, the relevant amendments are outlined in NBU resolution No. 368 dated August 11, 2016. The amendments will take effect on August 18, 2016.
“The NBU expands the opportunities for financing imports transactions of Ukrainian enterprises thanks to relaxation of the conditions for attracting foreign financing with participation of foreign export-credit agencies and international financial institutions (IFIs),” the central bank said.
Resident can submit original documents and their copies in the electronic form to register the loan agreements signed with nonresidents.
Source: The Ministry of Finance
KYIV. Aug 12 (Interfax-Ukraine) – UMG Holding, the only Ukrainian operator of waste from TPPs, in January-June 2016 increased sales of dry ash from Ukrainian coal thermal power plants (TPP) by 17.5% compared to the same period in 2015, to 83,700 tonnes.
According to a press release from UMG, 100% of the said volume of raw materials was shipped to Ukrainian producers of cement and concrete.
The company notes dry ash is used in the manufacture of concrete structures, dry building mixes and aerated concrete. Its use allows improving the technical characteristics of final products and saving natural components in their composition. At present the UMG customer base includes about 50 largest producers of this product in Ukraine.
The raw material base for dry ash supplies to UMG customers are five TPPs of DTEK, namely Kurakhove TPP, Kryvy Rih TPP, Ladyzhyn TPP, Burshtyn TPP and Dobrotvirska TPP.
UMG is a diversified holding company operating in commodity, industrial and trading areas. It was founded in 2006 as a clay extracting business.
ASTANA. Aug 12 (Interfax-Ukraine) – Kazakhstan’s National Atomic Company Kazatomprom is interested in developing cooperation with Ukraine in various areas of the nuclear fuel cycle (NFC), including production of nuclear fuel in Kazakhstan for Ukrainian nuclear power plants (NPP), Kazatomprom has told Interfax-Ukraine.
The Kazakh Ministry of Energy and Kazatomprom plan to meet with the Ukrainian Ministry of Energy and Coal Industry to discuss cooperation in nuclear energy, Kazatomprom said.
The date of the meeting is yet to be approved, the company said.
Ukrainian Minister of Energy Ihor Nasalyk said earlier that Kazakhstan had expressed the intention to help Ukraine finish the construction of a nuclear fuel plant in Ukraine.
“I am flying to Kazakhstan on August 18. Among other things, we are going to discuss Kazakhstan’s participation in the final stage of the project for construction of a nuclear fuel plant in Ukraine,” he said.
Kazatomprom is the national operator of the Republic of Kazakhstan for export of uranium and its compounds, rare metals, nuclear fuel for nuclear power plants, special equipment, technologies and dual-use materials.
KYIV. Aug 12 (Interfax-Ukraine) – The profit of Idea Bank (Lviv) in January-June 2016 amounted to UAH 11.568 million, while its loss in the same period in 2015 amounted to UAH 53.049 million.
According to a bank press release, its net interest income in the first half of this year increased by 8.1 times compared to the same period last year and amounted to UAH 217.067 million.
The bank’s assets in January-June this year increased by 4.2%, to UAH 2.905 billion, the loan portfolio amounted to UAH 2.19 billion.
Net worth increased by 61.8% and amounted to UAH 242.529 million. In April this year Idea Bank completed the next issue of shares and increased its capital by UAH 81.03 million.
Idea Bank was founded in 1989. The largest shareholder on January 1, 2016 was Getin Holding S.A. (99.522%).
Idea Bank ranked 39th among 109 operating banks on April 1, 2016 in terms of assets (UAH 2.735 billion), according to the National Bank of Ukraine.
KYIV. Aug 12 (Interfax-Ukraine) – Yuzhny and Illichivsk seaports as ‘the sea gates’ of the so-called New Silk Road are ready for cooperation with Chinese business.
The press service of the Ukrainian Infrastructure Ministry said that Minister Volodymyr Omelyan gave the information at a meeting with Chinese Ambassador to Ukraine Du Wei on Thursday.
“Now we can offer rental of terminals, and next year when the concession law would be passed, we will be able to discuss a wider form of cooperation. We are to provide for a powerful and reliable route for delivery of goods from Europe to Asian countries bypassing Russia,” he said.
The minister invited the Chinese diplomat to take part in the Transport Week to be held in Odesa on September 8.
A first experimental cargo train was launched on January 15, 2016 on the New Silk Road by the Infrastructure Ministry jointly with Ukrzaliznytsia.
The dry run of the new container train via Ukraine-Georgia-Azerbaijan-Kazakhstan-China (across the Caspian Sea and the Black Sea) ended in the early hours of January 31, 2016, on the 16th day of the journey.
