KYIV. July 17 (Interfax-Ukraine) – Lviv Locomotive Repair Plant, one of the leading enterprises of Ukrzaliznytsia, increased its net income by 92.4% in January-June compared to the same period in 2016, to UAH 113.8 million.
According to a quarterly financial report of the enterprise posted in the information disclosure system of the National Commission on Securities and the Stock Market, its net loss for this period increased by 16.5%, to UAH 26.9 million.
In the first half of the year the plant received UAH 600,000 of gross loss against UAH 400,000 a year earlier, while operating loss amounted to UAH 26.9 million against UAH 23 million.
Thus, taking into account the previously announced figures for the first quarter of this year, in the second quarter of this year the plant almost doubled net income compared to the same period in 2016, to UAH 62.9 million, while its net loss decreased by 5%, to UAH 11.7 million.
According to the report, the plant in April-June repaired 204 wheel sets for UAH 16.8 million, 34 traction engines for UAH 7.7 million, and 11 units of auxiliary electric machines for UAH 900,000.
KYIV. July 17 (Interfax-Ukraine) – PJSC Bank Sich (Kyiv) has increased its charter capital by UAH 71.69 million, or by 55.8%, to UAH 200.09 million by an additional issue of shares, the bank said on its website.
“The NBU agreed changes in the charter of PJSC Bank Sich, by which the bank’s capital was increased to UAH 200 million. The regulator’s capitalization requirements have been fulfilled by the bank in full,” the report says.
As reported, the bank will use the funds attracted from share placement to ensure its operating activities.
Bank Sich was founded in 2011. The largest shareholders of the bank by early January 2017 were Valeriy Razdorozhny (48.33%), Oleh Balanda (36.6667%), Andriy Melnyk (9.17%), and Oleh Hubanov (5.83%).
KYIV. July 14 (Interfax-Ukraine) – Agrofusion, the largest Ukrainian vertically integrated producer of tomato paste, could in August 2017 put into operation a tomato processing plant.
“We are building one of Europe’s largest commodity processing plants. We hope that at the end of August it will be successfully completed and put into operation,” Agrofusion (the Inagro brand) Financial Director Ivan Sakal said at a meeting of business representatives with Head of the State Architecture and Construction Inspectorate Oleksiy Kudriavtsev in Kyiv.
As reported, in March 2017 the European Bank for Reconstruction and Development issued a loan of $15 million to Agrofusion for building the third tomato processing plant.
The loan will allow the company to partially finance the construction of the third tomato processing plant in Ukraine with a capacity of 34,000 tonnes of tomato paste a year.
Earlier, the total cost of the Agrofusion project was estimated by the EBRD at $50 million.
In 2017 the Cabinet of Ministers of Ukraine approved funding of $23 million from the European Investment Bank to Organic System (Mykolaiv region), part of Agrofusion.
KYIV. July 14 (Interfax-Ukraine) – Ukraine has proposed to the European Commission to hold a forum devoted to raising investment into the Ukrainian economy early 2018 and a forum on the opportunities of using the Ukrainian gas transport system (GTS) in the context of ensuring energy security of Ukraine.
Ukrainian President Petro Poroshenko said at a joint press conference with President of the European Council Donald Tusk and President of the European Commission Jean-Claude Juncker in Kyiv on Thursday that Ukraine instructed to consider an opportunity of organizing a potent investment conference for Ukraine early 2018.
He also said that European gas transport operators have plans to jointly modernize and exploit the Ukrainian GTS and gas storage facilities. Ukraine proposed to the European Commission to hold a conference, an international forum devoted to the prospects of using the Ukrainian GTS in 2018, he said.
Poroshenko said that this conference could be conventionally named “Potential opportunities of the gas transport system for energy security of Europe.”
The Ukrainian president said that the energy front strengthening is dynamically developed in Ukraine and the European Union confirmed its readiness to support the country in the issue.
KYIV. July 14 (Interfax-Ukraine) – China’s TBEA International Ltd. Is studying the issue of building a 0.5 GW wind power plant in Mykolaiv region, the press service of the Ministry of Energy and Coal Industry of Ukraine has said.
According to the agency, the pilot project in the field of renewable energy, which the company plans to implement in Ukraine, has already passed all the necessary expertise.
The ministry said TBEA is a manufacturer of modern power equipment.
KYIV. July 14 (Interfax-Ukraine) – Ukraine’s State Treasury Service has sent UAH 528.86 million of budget subsidies for May, Ukraine’s Agricultural Policy and Food Ministry reported on its website on Thursday.
The ministry said that in May 700 agricultural producers received subsidies. The rest of subsidies in the amount of UAH 105.6 million will be transferred to next month.
In 2017, farmers have received UAH 1.3 billion.
As reported, State Treasury Service sent UAH 473.47 million of budget subsidies to farmers for April, UAH 241.8 million for March and UAH 79.8 million for February.
The government allocates UAH 4 billion for the subsidy system in agriculture in 2017.
