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UJ Week
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     Business    

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Nestle to invest UAH100 million in development in Ukraine this year

KIEV, Sept. 14 - Nestle, one of the world's largest food producers, will invest about UAH 100 million in development in Ukraine in 2015.

"We plan in 2015 to spend a little more than UAH 100 million on the installation of a production line at Torchyn factory [and we will] expand our workshops at Svitoch. We've also installed new equipment for air conditioning at the distribution center in Smolyhiv," Nestle Director for Ukraine and Moldova Ansgar Bornemann said in an interview with Interfax-Ukraine.


Fujikura to present details of new Lviv region investment project

KIEV, Sept. 15 – Fujikura, the Japanese manufacturer of electrical and telecommunications systems, intends to officially present the details of a new investment project in Lviv region, the Ministry of Economic Development and Trade reported.


Metinvest CEO refuses to rule out 'haircut' in debt restructuring

KIEV, Sept. 15 – Metinvest, Ukraine's largest private mining and steel group, has refused to rule out writing off part of its debt which is to be restructured, Group CEO Yuriy Ryzhenkov said during an exclusive meeting with the experts of Concorde Capital investment company (Kiev).


Ukraine economy may shrink 6% this year, says finance minister

KIEV, Sept. 15 - Ukraine's economy may shrink by 6 percent this year due to the financial burden of fighting a months-long separatist conflict in its eastern regions, Finance Minister Oleksander Shlapak said on Monday.


USDA increases 2013/2014 sunflower oil production forecast by 7%

KIEV, Sept. 13 - The U.S. Department of Agriculture has upgraded its forecast for sunflower oil production in Ukraine in the 2013/2014 agricultural year (September – August) by 312,000 tons or 7% compared to its August assessment, to 4.515 million tons, reads a posting on the USDA Web site.


EBRD and Wind Farms of Ukraine resolve issues on EUR48.4 million loan

KIEV, Sept. 13 - The European Bank for Reconstruction and Development and Wind Farms of Ukraine have resolved all problems regarding the issue of a EUR 48.4 million loan to Novoazovsky wind farm (Donetsk region), the bank said.


Delta Bank shareholder close to acquisition of Odessa's Marfin Bank

KIEV, Sept. 13 – Mykola Lahun, a key stockholder in Kiev-based Delta Bank, is close to the acquisition of Odessa-based Marfin Bank, according to a well informed source in the banking sector.


Ukraine state enterprise wage arrears total UAH336 million, says DPM

KIEV, Sept. 13 – Wage arrears in Ukraine as of September 9 stood at UAH 959 million, including UAH 336 million at state-owned enterprises, First Deputy Prime Minister Serhiy Arbuzov said.


AMC allows Jura-Cement-Fabrike to buy Lafarge Ukraine Holding shares

KIEV, Sept. 16 – The Antimonopoly Committee has permitted Jura-Cement-Fabriken AG (Switzerland), one of the largest producers of cement in Switzerland, and a 100% subsidiary of Cement Roadstone Holdings (CRH, Ireland) to acquire shares in Lafarge Ukraine Holding (France), which holds a 99.26% stake in public joint-stock company Mykolaivcement (Lviv region), the committee reported.


First two Oplot tanks for Thailand undergo testing near Kharkiv

KIEV, Sept. 16 – The first two Oplot main battle tanks produced under an order from Thailand at the Malyshev Plant (Kharkiv), have successfully undergone driving and firing trials at a firing ground near the village of Chuhuiv (Kharkiv region), Ukroboronprom State Concern announced.


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