FDBusiness.com

EIB Supports Agri-Food Sector in Ukraine With €50 Million

 Breaking News
  • Royal Unibrew Completes Acquisition of French Lemonade Business Royal Unibrew, the Denmark-based beverages group, has completed the acquisition of Etablissements Geyer Fréres for an enterprise value of DKr660 million (€88.5 million) financed by bank debt. The acquisition of Etablissements Geyer Fréres will give Royal Unibrew increased access to the French soft drinks market and will further strengthen its export portfolio. Employing about 100 [...]...
  • Private Label Outperforms FMCG Brands in Europe Private label continues to grow across Europe and is now outperforming brands in the majority of markets measured by big data and technology expert for consumer FMCG industries, IRI in its analysis of private label performance across eight major Western economies markets (UK, France, Germany, Greece, Italy, Spain, Netherlands and the US) during 2017. Growing +4% year on [...]...
  • Meat & Poultry – Future-proof For Success The meat market remains fast-moving and competitive. As part of this processors and retailers are always looking for a point of differentiation. As well as new product development, this can mean new pack formats. Convenience remains a major driver here but this has to be matched by the ability to maintain product quality and freshness [...]...
  • Ready Meals – Not Ready For the Future New research (1) published by Eating Better, a powerful alliance of more than 50 organisations, shows that supermarkets need to shake up their ready meal ranges. They are not catering for the growing number of flexitarian customers who are cutting back on their meat eating for their health and the health of the planet (2). [...]...
  • Top 100 Largest Spirits Brands Revealed The world’s most popular alcoholic drink in 2017 was the South Korean soju brand Jinro, owned by Hite-Jinro, according to the IWSR Real 100, the definitive ranking of the world’s largest spirits brands by volume. Selling almost 76m nine-litre cases, Jinro retains its number one position from last year, and once again by a staggering [...]...

EIB Supports Agri-Food Sector in Ukraine With €50 Million

EIB Supports Agri-Food Sector in Ukraine With €50 Million
October 22
09:32 2014

The European Investment Bank (EIB) is lending €50 million to Astarta-Kiev, a leading Ukrainian agro-industrial producer. Founded in 1993, Astarta–Kiev is a vertically integrated agro-industrial holding specializing in sugar and agricultural production. Astarta–Kiev business units are located in different districts of Poltava, Vynnitsia, Kharkiv and Khmelnitskiy regions. Astarta-Kiev invests in bioenergy projects and recently commissioned a biogas facility at one of its sugar plants in Poltava region.

EIB Vice-President László Baranyay, responsible for lending operations in Ukraine, says: “The EIB will directly support, for the first time in Ukraine, the development of the local private sector. The loan will help improve the resource efficiency of the country’s agri-food sector and contribute to a better food security and self-sufficiency. It will support the economic development of Ukraine and its integration with international market and generate additional employment, particularly in country’s rural areas.”

Astarta-Kiev CEO and founder Viktor Ivanchyk, says: Astarta is focused on high operational efficiency and follows its long-term growth strategy. Our investments into industrial assets, infrastructure, bio-energy and production efficiency contribute to development of both: our business and rural areas where we operate. Our business is socially responsible, and we are committed to creating new jobs, supporting local communes, contributing to infrastructure development. We strongly believe in global competitive advantages of Ukraine’s agrisector and are working hard to unlock further its high potential.”

The EIB – the European Union’s bank – finances projects in Ukraine on the basis of an EU Council and European Parliament mandate for the countries of the Eastern Neighbourhood. The mandate allows the Bank to extend loans to support projects of significant interest to both the EU and its Eastern Neighbours, in the areas of local private sector development, social and economic infrastructure and climate change.

The European Commission has announced a comprehensive assistance package amounting to Eur11 billion over the coming years to support Ukraine under certain conditions. For its part, the EIB would contribute significantly to this package by providing lending over the next three years up to Eur3 billion should the political and operational conditions allow. The Bank will focus on energy and infrastructure investment as well as access to finance for SMEs.

CAPTION:

EIB Vice-President László Baranyay and Viktor Ivanchyk, founder and CEO of Astarta-Kiev.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
  • September 27, 2018Int'l Fruit Show (eurofruit)
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements