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9:14 AM Wednesday, November 22, 2017
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UBJ AM News: Apr. 12, 2017
GE interested in investing in Ukraine; Deposits in Ukrainian banks on rise to over US$29 bln in March; Naftogaz reports almost $1 bln in profits in 2016.
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

• U.S. General Electric Transportation is interested in investing in Ukraine, including modernizing locomotives and rolling stock of Ukrainian railways, reports the press service of Ukraine's Economic Development and Trade Ministry.

• Heads of the railways of Azerbaijan, Georgia, Kazakhstan, and Kyrgyzstan invite Ukraine to join the development of the Trans-Caspian international transport corridor and possibly to create a joint venture, according to the Ukrainian Cabinet's press service.

• Turkish capital in Ukraine totals more than $2 billion -- and it is growing. Burak Pehlivan, Chairman of the International Turkish-Ukrainian Business Association, stated this at an expert meeting in Ukrinform.

• Deposits in hryvnias in Ukrainian banks in March 2017 grew by 3.4%, to UAH 429.699 billion, or US$15.97 billion. Those in foreign currency (in U.S. dollar equivalent) also expanded – by 0.4%, to $13.063 billion, according to the National Bank of Ukraine.

• National oil and gas holding Naftogaz in 2016 received UAH 26.5 billion, or US$ 984 million, in net profit. In 2015, the company saw a UAH 27.7 billion, or $1.029 billion, net loss , according to the Naftogaz press service.

• Kyivenergo, a public joint-stock company, has assessed its losses in heat and hot water supply in 2016 at $40 million, CFO Tetiana Hriaznova said at a briefing in Kyiv. She said that the loss is linked to gas prices and heat tariffs changing at different times.

• Public joint-stock company DTEK Krymenergo has started a procedure to settle an multi-million dollar investment dispute with Russia under an agreement on mutual protection of investment signed by Ukraine and Russia, Interfax-Ukraine reported. DTEK said that the dispute is linked to the nationalization of the company's assets in Crimea.

• Mutual claims of national joint-stock company Naftogaz Ukrainy and Russia's Gazprom under a gas sale and purchase contract total some $17.9 billion and $45.7 billion ($14 billion and $36.7 billion ex interest) respectively, Interfax-Ukraine reported.

• The project of agrarian receipts has allowed farmers to raise $31.4 million thanks to the issue of 101 receipts since 2014 when the pilot project was launched, according to Ukraine's Agricultural Policy and Food Ministry. In the 2016/17 agricultural season, farmers raised $24.4 million with the help of 41 receipts.
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