Seeing a clear plan of debt restructuring, international lenders agreed to continue cooperation with UkrLandFarming in the agricultural sector.
“Today we can see that efficiency UkrLandFarming fully restored, the financial situation is stable, and the lenders are configured to work with the holding in the future”, – said Nick Piazza, CEO of SP Advisors finance company.
According to him, the agricultural sector will be one of the most attractive destinations for investors in the next few years. “Right now, investor interest is concentrated on traditional industries of Ukraine – on agriculture sector and on the food industry”, – said the expert. Nick Piazza said the company Ukrlandfarming, which is owned by Oleg Bakhmatyuk already negotiates with creditors about finance the construction of grain processing terminal at the port of “Yuzhnij”, at the Black Sea.
“I think that the grain terminal in the port of “Yuzhnij “is a unique opportunity as for Ukrlandfarming, and for Ukraine. This ambitious project has been planned by the company for over a year. Money for investment in the capital of this project has already been found, and the Ukrlandfarming is negotiating about the conditions with debt investors “, – said a financial analyst.
Opportunities for new borrowing, in the international market, for UkrLandFarming, have been opened after successful negotiations with creditors to restructure debt.
“Bakhmatyuk was not lost sight of, and showed really constructive dialogue with creditors. This position looks for investors is very positive. Debt window currently remains closed to all Ukrainian companies. But as soon as this window will be open, I see no reasons why UkrLandFarming can not re-enter the debt market, for example, for the refinancing of its current debt, “- concluded the expert.
The company of Oleg Bakhmatyuk, UkrLandFarming already preparing to begin construction of grain processing terminal this year in the port “Yuzhnij”. The design capacity of grain processing complex will be 10 million tons. The company will build three berths 600 meters long, which will be able to handle ships carrying up to 100 thousand tons. The capacity for simultaneous storage of grain at the terminal will be 800 thousand tons. It will also build a container terminal, feed mill and the oil-fat complex with capacity of 260 thousand tons. Financing of the project is estimated at $ 400 million.
Ukrlandfarming Group is the largest in Ukraine vertically integrated agricultural holding, which controls the largest area of the fertile black earth in Ukraine – 653 thousand hectares.
SoftServe is expanding its presence and opening new office spaces in four cities — Vinnytsia, Khmelnytskyi, Uzhhorod, and Odesa. They are available for 250 people working in these regions as well as other employees. The coworking in Vinnytsia where SoftServe has around 50 employees is already fully operating. Odesa is the next — office space […]
COMBINE ROAD AND COMFORT Shell is launching a new coffee brand Shell Café all over Central and Eastern Europe (CEE) (to replace […]
Radisson Hotel Group is proud to be the world’s first hotel group to make all meetings and events across 400+ hotels in its EMEA portfolio carbon negative. For every event taking place at its participating hotels, Radisson Hotel Group will offset double the carbon footprint, to ensure that every meeting has a positive impact on […]
During trading on Monday, October 11, the price of a barrel of Brent oil rose by 2% to $ 84.01. She reached this mark for the first time since October 2018. US WTI oil rose by $ 1.62 to $ 81.3 – the highest price since 2014, according to Reuters. It is noted that Brent […]
The agreement on a single corporate tax rate of at least 15 percent was signed by 136 states, which account for more than 90 percent of world GDP. The agreement is aimed at combating tax evasion by international corporations. The initiative was also signed by countries that were initially opposed to tax reform, such as […]
The savings of Ukrainian citizens outside the banking system are estimated at $ 30-35 billion. This estimate was given by the chairman of the National Bank Kyrylo Shevchenko during the Kyiv Economic Forum. There are different estimates of the “gray” economy. We in the National Bank believe that this is up to 30% of GDP. […]
During the week, the National Bank of Ukraine bought $ 228 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. So the NBU continued to buy currency on the interbank market, the bank increased it compared to last week ($ 15 million) […]
The new Tesla factory in Berlin may release the first electric cars next month. CEO Elon Musk stated this. Speaking at the plant, Musk said he hoped to get the green light to begin production in the coming weeks. The last consultation on public concern about the plant ends on October 14, after which the […]
A few days ago was received a blow to the reputation of one of the five largest deposit banks in England – Barclays. The financial institution was fined by regulators for the amount of 72 million pounds for failing in managing, evaluation and controlling financial risks. According to the supervisory authorities, Barclays made significant mistakes […]Next
Marriott is buying Starwood to make the largest hotel company in the world. Together, the companies will operate or franchise 5,500 hotels with a total of 1.1 million rooms. The company will span 100 countries. Marriott International (MAR) and Starwood Hotels & Resorts Worldwide (HOT) announced the $12.2 billion deal on Monday. Starwood brands include W Hotels, St. Regis, Westin and […]Next
At its session held on Wednesday, July 14, the Verkhovna Rada adopted by 303 votes the law 3508-d, concerning the restructuring of debts for gas and its transportation services to heat and power companies. The document also regulates the debts of regional gas and regional gas sales, provides for the restructuring of debts of water […]Next
The international company Strauss Group is one of the largest coffee manufacturers in the world. They put into operation a warehouse and distribution center on the street in the third quarter of 2020. It’s located on Novopyrohivska str, 56a in the Holosiivskyi district of Kyiv. “An innovative distribution center opened in Ukraine in the third […]Next
BUSINESS TALKS, START-UP ALLEY AT #SUBF19 MAY 23 2019, KYIV TIME: 14:30-16:30 VENUE: PARKOVY CONGRESS AND EXHIBITION CENTER, KYIV, PARKOVA DOROGA 16A MODERATOR: BOHDAN SENCHUK, President of Swedish Business Association in Ukraine TOPICS FOR DISCUSSION: 1. ITC business partnership between Sweden and Ukraine; 2. Business climate in Ukraine: pros and cons to start, develop and […]Next
Shares of Johnson & Johnson, which rose till 1.44% over the past week, on Tuesday closed with a decrease of 2.3%, despite on the publication of a better-than-expected Wall Street experts, a report for 3 fin. quarter. Investors are concerned about the potential consequences of ending the large-scale study of the J&J vaccine against COVID-19, […]Next
The capacity of installed solar energy facilities in Ukraine will increase up to 3 GW by 2020. Vitaliy Daviy, CEO of IB Center Europe, made such forecast for the development of the industry at CISOLAR 2019 the 8th Solar Energy Conference in Kiev. As of April 1, 2019, more than 2.2 GW of solar energy […]Next
Nvidia company as a part of its online conference on the graphics processor technology announced its plans to create the fastest supercomputer in the UK, called “Cambridge-1″. Shares of Nvidia rose to 4.44% until the closing of the trading on Monday. Such organizations as: the biggest medical company in the UK GlaxoSmithKline, the British-Swedish pharmaceutical […]Next
S&P Investment Risk Management Agency launched a legal portal Lawyer.ua 5 years ago. It was designed as an innovative online-platform for lawyers’ communication and for all who needed legal assistance. Experts now can effectively provide legal services in personal online-cabinets while clients can get qualified legal assistance promptly. Today, Lawyer.ua has grown into a large-scale […]Next
The District Court of Zaporizhia refused Sberbank in approval of decision of Russian curt about enforcing recovery of debts in $ 10.4 million from the Ukrainian metallurgical combine “Zaporizhstal”, reports RIA “Novosti”. The court’s decision stated that on January 25, Sberbank of Russia appealed to the Court of Zaporizhia with a statement to allow the […]Next
Media Group will provide from 10 000 euros to 500 000 euros, depending on the stage of development of the project. One of the world’s largest media group Publicis decided originally to commemorate the 90th anniversary: to finance 90 StartUps from around the world, including Ukraine, – writes AIN. As the newspaper writes, the […]Next
In the United States, the International Trade Commission (ITC) has banned Altria and Philip Morris from selling IQOS in the country. The Wall Street Journal reported this. The regulator has ruled in a patent case initiated by a competitor of the companies – R.J. Reynolds Tobacco Co. “Encroachment on our intellectual property undermines our ability […]Next
UIA, the largest airline, suffered UAH 4.5 billion in losses last year, compared to UAH 1.6 billion in profit a year earlier. It is said in a statement. It is noted that in 2020, UIA’s assets decreased from UAH 14.9 billion to UAH 9.2 billion, total receivables increased to UAH 1.619 billion from UAH 969 […]Next
The resumption of the number of tourists in New York is possible after the vaccination process begins in 2021, said the head of the New York Department of Tourism Fred Dixon. This was reported by CNN with reference to the forecast of the New York Department of Tourism. “Given the uncertainty of the prospects for […]Next
Sources say that the air carrier is considering the Ukraine as an addition to its major markets. The largest European low-cost airlines Ryanair sizes up the Ukrainian market of air transportation, in particular, the discussions with Lviv are underway. This was announced in an interview to the forbes.net.ua by the Commercial Director of the airlines, […]Next
Panasonic Corporation shareholders intend to invest $ 260 million in the continuation of construction for production of solar plant in the State of New York (Buffalo). This is reported by foreign journalists edition of The Wall Street Journal referring to representatives of the Japanese company. According to official information, the company will be put into […]Next