ukrainian news - 18.05.2004
Ukrainian Osnova concern granted $8,675 million by Raiffeisen bank Ukraine
Ukrainian Osnova concern was granted a credit of $8,675 million by Raiffeisen bank Ukraine for 3 years, Osnova public-affairs reported.
The funds will be allocated for the acquisition of new equipment for new production lines, production modernization and the payment of corporate arrears. A total of $50 million required for the production facilities modernization.
Osnova concern (Kiev) was established in 1999. Osnova is composed by 35 enterprises, including Zhidachevsky pulp and paper enterprise, Izmailsky pulp and paper enterprise, Zhidachevsky paper mill, Vtorma group of companies, Promles group of companies.
See also:
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- — Ukraine: Possible changes in customs tariffs
- — Ukrainian ports to introduce new cargo procession tariffs from July,1
- — Ukrainian timber sector held leading position in production rates within 6 months in 2004
- — Ukrainian pulp and paper industry production increased 32.1% within 6 months in 2004
