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15:23 PM Thursday, September 21, 2017
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UBJ AM July 26, 2017
Mark Satter
Steel giant starts 4-year, $1 billion investment; ‘Amazon bill’ will limit duty free imports; Sunflower oil production up 34 percent
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

• PJSC ArcelorMittal Kryvyi Rih is investing $267 million this year to modernize steel production facilities, according to CEO Paramjit Kahlon. The spending is part of a four-year, $1 billion investment in the in plan for the complex in Dnipropetrovsk region

• To limit international internet purchases from companies such as Amazon, a new bill in the Verkhovna Rada will limit duty free purchases by international mail to 150 euros and 30 kg per recipient per month.

• The volume of crude sunflower oil produced in Ukraine since January has increased by 34%, to 2.87 million tons, compared to the same period last year.

• State-owned oil and gas company Ukrnafta is searching for partners for five investment projects focused on upstream, drilling and gas processing. The company hopes to finalize a list of interested parties by September 30.

• Ukrenergo will annul contracts with Tilihulska wind power plant LLC and Azovinvestprom LLC that would have connected their wind power plants to the company's power grid. The reason is a long period of inactivity on the projects, Interfax reports.

• Energy company Energoatom has been allowed to build a nuclear fuel storage facility by Ukraine’s Ministry of Energy.

• PrivatBank and NGO Transparency International Ukraine have partnered to organize the sale of state assets via the ProZorro.Sales e-trading system, Interfax reports.

• American companies First Financial Network and The Debt Exchange Inc. will begin selling non-performing loans on behalf of the Deposit Guarantee Fund of Ukraine, according to Interfax.

• The EBRD will decide by October whether or not to loan up t0 $150 million to state-owned rail service Ukrzaliznytsia for the purchase of 6,500 gondola freight cars to carry grain.

• German bus giant Flixbus is starting new routes: from Kyiv, Lviv, Rivne, and Zhytomyr to Prague and Wroclaw. Tickets on all routes are 30 euros or less.


For comments or story tips, please email UBJ AM News Reporter Mark Satter at marksatter@theubj.com

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