KYIV. Sept 27 (Interfax-Ukraine) – Investment in the launch of a new sunflower seeds crushing plant belonged to Agroliga Group are assessed at $9 million, the group has reported on its website.
“The total sum of financing is estimated at $9 million, including $6.7 million financed from external sources,” Director General Oleksandr Berdnik said.
He said that a land parcel to build the plant with all communications and railway track has been allocated in Kharkiv region.
The group said that the company raised the required funds and settled first advance payments for equipment.
The group’s share of the sunflower oil market in Kharkiv region would reach 10-12% after the launch of the plant.
KYIV. Sept 27 (Interfax-Ukraine) – Public joint-stock company Ukrgazvydobuvannia has started producing diesel fuel meeting Euro 4 emission standard at the facilities of Shebelynka gas refinery.
The company’s press service reported that the certificate confirms compliance of fuel with Euro 4 emission standard and GOST 7688:2015 standard.
First batches of Euro 4 diesel fuel made at Shebelynka gas refinery will be sold via own filling station chain and shipped to fuel own trucks and special machinery.
The press service said that the modern equipment bought by the company requires modern fuel. In H1 2016, the company bought specialized machinery for UAH 248 million.
KYIV. Sept 27 (Interfax-Ukraine) – KTD Group importing and producing household appliances (Saturn, Kupava trademarks) seeks to open a new refrigerator plant in the first half of 2017 in Cherkasy, the press service of Cherkasy Regional Administration has reported.
KTD Group President Oleksandr Hromyko gave this information at the Cherkasy Investment Forum held last week.
“We do not see obstacles for business in Cherkasy region now. They really love investors and create hothouse conditions for them. When we decided to start a new investment project to produce refrigerators in Cherkasy, we simply wrote a letter to the Regional Administration and were surprised with the quick reaction,” the press service said, citing Hromyko.
It is planned to create 500 new workplaces at the plant. According to the Business weekly, investment in the project will total $25 million.
The company said that it recently started the full reconstruction of a large plant in Cherkasy.
KTD Group has been operating on the household appliances market for 19 years.
KYIV. Sept 26 (Interfax-Ukraine) – Ukrainian President Petro Poroshenko in New York City met Hungarian President Janos Ader and agreed on stepping up a bilateral political dialog at the highest level.
The press service of the Ukrainian president reported on Wednesday that Ader confirmed the unwavering support for sovereignty and territorial integrity of Ukraine and continuation of the policy of sanctions against Russia.
The Hungarian President supported the provision of the visa-free regime for Ukraine as soon as possible.
Poroshenko thanked Hungary for the provision of financial and humanitarian assistance to Ukraine and treatment of Ukrainian military.
The parties agreed on enhancing economic cooperation, particularly in the spheres of energy, agriculture and infrastructure projects.
Ader confirmed his participation in the activities on the 75th anniversary of the Babyn Yar tragedy that will be held on September 29 in Kyiv.
KYIV. Sept 26 (Interfax-Ukraine) – The Cabinet of Ministers has approved a decree on implementing the pilot project on temporary restrictions on using state regulation for food prices.
First Deputy Prime Minister, Minister of Economic Development and Trade of Ukraine Stepan Kubiv said at a cabinet meeting the project would be launched on October 1, 2016 and last until January 1, 2017.
“The draft resolution is developed to study the effectiveness of food price regulation and making decision on whether it is appropriate to retain this regulation,” he said.
As reported, the ministry proposed to launch a project to abolish state regulation of prices for food and services in retail outlets from August 15, 2016.
According to the draft document, posted on the ministry’s website, it is proposed to temporarily suspend regulations No. 1548 of December 25, 1996 and No. 1222 of October 17, 2007 in part of state regulation of prices for baby food, bread, flour, sugar, cereals, meat and dairy products, eggs, sunflower oil and other products.
The document also provides for the abolition of state regulation of payment for services provided in trade facilities, in food and non-food markets, the level of prices and profitability for retail space rent.
KYIV. Sept 26 (Interfax-Ukraine) – Ukraine and the Netherlands have agreed to enhance cooperation in the development of inland waterways and port infrastructure.
Ukrainian Infrastructure Minister Volodymyr Omelyan announced this after a meeting with Dutch Ambassador to Ukraine Kees Klompenhouwer which took place in Kyiv on Friday, the press service of the Infrastructure Ministry of Ukraine reported.
Ukraine and the Netherlands have agreed to launch the Dnipro Development Initiative, which will involve cooperation in the development of inland waterways in Ukraine. They reached a preliminary agreement to organize the visit of representatives of Ukrainian government agencies in charge of water infrastructure management to the Netherlands to learn local experience in this area. The officials also discussed the issues of public-private partnerships in infrastructure. The Netherlands is ready to send experts on public-private partnership to work in the Public-Private Partnership Office under the Infrastructure Development Ministry.
Omelyan also invited Dutch companies to participate in development of infrastructure of Ukrainian ports.
