KYIV. July 6 (Interfax-Ukraine) – The National Bank of Ukraine (NBU) expects foreign exchange reserves to grow to $18.7 billion in 2016 and to $22.6 billion in 2017, according to materials distributed during the press conference of NBU Deputy Head Vladyslav Rashkovan.
As reported, Ukraine’s international reserves rose by 2.2% in May 2016, to $13.536 billion.
HLOBYNE (POLTAVA Region.). July 5 (Interfax-Ukraine) – Astarta is considering the possibility of building a bioethanol plant in Hlobyne (Poltava region), company COO Zeljko Erceg has told reporters.
“This is a serious project. It perfectly fits the existing technological chain,” he said.
According to Erceg, the project cost could reach $45-50 million, while design capacity will be 100,000 tonnes of processed molasses per year.
He said the construction of the plant could take about two years, the technological feasibility of the project was made by specialists of the International Finance Corporation.
Astarta is a vertically integrated agro-industrial holding, uniting six regional divisions in Poltava, Vinnytsia, Khmelnytsky, Ternopil, Zhytomyr, and Kharkiv regions. They include nine sugar factories, agricultural farms with a land bank of about 250,000 hectares and dairy farms. The holding also has a plant for processing soybeans in Poltava region (Globyno processing plant).
KYIV. July 5 (Interfax-Ukraine) – Epicenter K LLC has become the holder of 80% of shares in the charter capital of Vinnytsia Agrarian-Industrial Group, according to the public register.
As of July 2, 2016, Unar Holding Ltd. (Cyprus) and Nyva and K LLC (Vinnytsia region) held 10% each in the Vinnytsia company.
Ultimate beneficiaries of Vinnytsia Agrarian-Industrial Group are Halyna Hereha, Volodymyr Bartsos and Tetiana Surzhyk.
Ukraine’s Antimonopoly Committee of Ukraine reported on Saturday that it fined Epicenter K LLC UAH 170,000 for acquisition of over 50% in the charter capital of Vinnytsia Agrarian-Industrial Group without a permit.
The committee issued relevant permit to the company.
Vinnytsia Agrarian-Industrial Group cultivates around 50,000 ha of land in Vinnytsia and Khmelnytsky regions. It has four elevators with a total capacity of 250,000 tonnes.
KYIV. July 5 (Interfax-Ukraine) – Ukrainian President Petro Poroshenko has signed the law on the promotion of the market of used cars, which until January 1, 2019 significantly reduced excise duty on imports of such cars by individuals or legal entities under the condition of imports of one car per year, presidential spokesman Sviatoslav Tseholko has said.
“The president signed the law of Ukraine on used cars in the presence of deputies of different factions,” Tseholko wrote on his Twitter page.
According to him, it was also agreed the law will be amended on July 7 “to avoid abuse.”
As reported, the relevant bill was passed by the parliament of Ukraine on May 31, signed by Speaker Andriy Parubiy on June 16 this year and submitted to the president for signature.
On July 4 the Cabinet of Ministers of Ukraine proposed Poroshenko sign this law.
The document comes into force on the first day of the month following the month of its publication.
The law provides for reduction of excise tax only on passenger cars manufactured after January 1, 2010, as well as bans imports of cars from the country recognized as an aggressor/invader.
KYIV. July 5 (Interfax-Ukraine) – Ukrainian Ambassador to the United States Valeriy Chaly has said that Ukraine and the United States have plans to jointly launch a space missile.
“We plan to launch a joint space missile with the U.S. in coming months,” he said on Channel 5 TV.
He said that Ukraine is among top ten space states thanks to cooperation with the United States.
KYIV. July 5 (Interfax-Ukraine) – ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) has opened its new steel products warehouse in Dnipro.
The company said in a press release last week that from its new, eighth storage facility in Ukraine. The company plans to ship over 3,000 tonnes of steel products per month.
The own warehouse of the plant in Dnipro has all the range of steel products which ArcelorMittal Kryvyi Rih produces.
ArcelorMittal Kryvyi Rih has opened a new warehouse in central region of Ukraine in accordance with its strategy to develop its own distributing network that the plant started to implement in 2013. The new storage facility holds up to 10,000 tonnes of steel products and occupies the area of 7,000 square meters. It is located on the outdoor and indoor sites. The warehouse in Dnipro possesses a railroad spur and the possibility of trucking services.
“We are not stopping; this is testified by opening of new warehouse in Dnipro. In 2013 we started to develop the warehouse distribution network, as of now we possess eight warehouses, which are capable to ensure the availability of plant’s products in all large regions of Ukraine. Dnipro is the center of steel trade in Ukraine thanks to the favorable location and developed transport infrastructure, thus the presence of warehousing base is a strategic priority for ArcelorMittal Kryvyi Rih,” Acting CMO of ArcelorMittal Kryvyi Rih Anastasia Tatarulieva said.
“All the main steel market players are located in Dnipro, we should not be exclusion. Our distribution model is simple: each warehouse is oriented to each region and it excludes the delay of delivery of products to client due to logistic problems. At that, the warehouse in Dnipro will also execute the function of logistic center for separate districts of central, northern and eastern Ukraine,” she said.
