KYIV. July 23 (Interfax-Ukraine) – Iranian companies want to invest in the Ukrainian agro-industrial complex, specifically the construction of elevators and a handling complex in the south of the country, the Chamber of Commerce and Industry of Ukraine has reported on its website.
The chamber said that a delegation of leading Ukrainian companies will visit Iran on July 25-29.
On July 21, a meeting of an Iranian business delegation with the top managers of the chamber was held. Investment in the construction of elevator complexes and a handling complex in southern Ukraine was discussed.
“Iranian businesses are interested in holding exterritorial agriculture, leasing farmland to plant wheat, corn, barley and other crops in Ukraine,” the report said.
The project is intended to provide the Persian Gulf market with agricultural products. It is planned to create joint ventures with Ukrainian partners as part of cooperation.
“We need to use and expand infrastructure opportunities of our countries. The stirring up of Ukrainian-Iranian relations would allow for lifting international economic and financial sanctions from Iran,” the report said, citing Chamber President Hennadiy Chizhykov.
KYIV. July 23 (Interfax-Ukraine) – The Ukrainian Venture Capital Association (UVCA) has forecast that around $100 million will be invested in Ukrainian IT projects, UVCA Board Chairman and Managing Partner of AVentures Andriy Kolodiuk wrote on his blog.
He said that in H1 2015, 34 Ukrainian companies raised $11 million of investment, and 20 of them received investment for the first time.
“For all the skeptics and those who judge information only by sums, not paying attention to the core and trends, I have two peaces of news. The first one: $100 million will be invested into Ukrainian IT projects and startups by late 2015, which is several times up on 2014. The second news: two new international investors that are working on investment in the IT area are coming to Ukraine and will invest by the end of the year,” Kolodiuk said.
As reported, Kolodiuk told Interfax-Ukraine that the most promising sectors for investing in Ukraine are projects linked to healthcare, payments, cloud projects and mobile applications.
KYIV. July 23 (Interfax-Ukraine) – State enterprise Ukrspyrt plans to buy 50,000-60,000 tonnes of moist corn from agricultural producers in the western regions of the country in September-December 2015.
The company said in a press release that the plans are linked to the lower prices of grain at farmers compared to the prices at ports.
“According to the plan, in September-December 2015, a total of 50,000-60,000 tonnes of moist corn will be bought. It does not require additional processing at elevators. We have special sleeves at the sites which allow storing 5,000-8,000 tonnes of grain,” reads the report.
In H1 2015, Ukrspyrt paid a debt of UAH 61.6 million to farmers out of a total of UAH 72.76 million.
Ukrspyrt is subordinated to the Ministry of Agricultural Policy and Food. In 2014, Ukrspyrt plants produced around 15 million decaliters of alcohol, the entire volume was sold in the domestic market.
KYIV. July 23 (Interfax-Ukraine) – Fish catch in Ukrainian water basins (inland water basins and seas) totaled 19,200 tonnes in January-June 2015, which is 30.2% up year-over-year.
The State Fishing Agency reported on Wednesday that 13,300 tonnes of fish was caught in the Azov and Black Sea basin, which is 62.7% up year-over-year. The upward pace was achieved thanks to the increase of catch of Black Sea sprat (5,540 tonnes, a rise of 42% year-over-year), gobies (6,300 tonnes, a rise of 84%) and silver carp (2,594 tonnes, a rise of 146%).
Total fish catch (Ukrainian water basins and ocean fish catch) did not change compared to 2014: 35,096 tonnes in 2014 and 35,058 tonnes in 2015.
Ukraine boosted krill catch in ocean: it almost doubled, from 7,100 tonnes to 13,400 tonnes in 2015.
Fish catch in inland water basins of Ukraine fell by 10% year-over-year, to 5,900 tonnes.
Production of fish products fell by 22.8%, to 27,500 tonnes, which is linked to the decline in buying power and supplies of imported fish.
KYIV. July 23 (Interfax-Ukraine) – The State Property Fund of Ukraine (SPF) has rescheduled the sale of a 94.5% stake in public joint-stock company Odesa Port-Side Plant from November to September 2015.
The press service of the fund reported that the decision is stipulated in the ministry’s order dated July 22, 2015.
The stake will be put up for sale at auction with an open price.
SPF Head Ihor Bilous, who has predicted there will be considerable interest in the auction, said that the stake could be sold for at least $500 million.
The conditions and the price of the stake are to be approved by a cabinet decision.
The press service said that the fund moved the terms of sale of stakes in the following energy companies: public joint-stock company DTEK Dniprooblenergo, DTEK Dniproenergo, DTEK Zakhidenergo and Kyivenergo (25% each) from November to August 2015.
Odesa Port-Side Plant is in state ownership. The plant trans-ships ammonia to vessels and produces chemical products.
KYIV. July 22 (Interfax-Ukraine) – KSG Agro and Ukrsotsbank (Kyiv, the UniCredit Bank trademark) as a part of a memorandum on the restructuring of credits, have finished the first stage of the credit restructuring program.
“The debt of agricultural enterprise Chumaky LLC (earlier Dnirpoagrostandard LLC) to Ukrsotsbank was paid by Dnirpoagro Group via the sale and purchase of corporate rights in Chumaky LLC. In addition, during the first stage of restructuring, Dnirpoagro paid a credit debt to Vidrodzhennia LLC,” KSG Agro said on Tuesday.
The company said that KSG Agro in June 2015 transferred operation management and control over Chumaky LLC to Dnirpoagro Group during the preparation of the corporate rights sale and purchase deal.
As reported, referring to KSG Agro Board Chairman Serhiy Kasyanov, KSG Agro agroholding has signed a memorandum on the restructuring of credits of around $7 million with Ukrsotsbank.
He also said that the debt burden of the company has been estimated at around $30 million. The debt of the company is mainly in hryvnias.