Turkmenistan and Ukraine discussing infrastructure projects

President of Turkmenistan Gurbanguly Berdimuhamedov met with Ukrainian businessmen, Chairman of the Board at Interbudmontazh Construction Association Vladimir Petruk and Director General of Altcom Financial Industrial Group Alexander Tislenko, the Turkmen government said in a message. President Berdimuhamedov noted that Turkmenistan aimed at mutually beneficial cooperation with foreign partners, including with the business circles of…

Ukraine: Ukrzaliznytsia to build near 4,200 freight cars at own production facilities in 2018

The public joint-stock company Ukrzaliznytsia in 2018 seeks to build 4,000 gondola cars and around 200 fitting platforms at own production facilities – Paniutyne, Stryi and Darnytsia car repair plants. Head of the car department at Ukrzaliznytsia Oleh Motin gave the information at the international conference “Car Building & Rolling Stock Repair in Ukraine” in…

Ukraine: TAScombank to merge with VS Bank

Sergiy Tigipko intends after the purchase of VS Bank (Lviv) to merge it with TAScombank (Kyiv), the businessman said during the Ukrainian banking forum CIS Bankers held in Kyiv. “We want to merge VS Bank and TAScombank – we undertook such obligations. This will allow us to significantly increase the capital (by 60%), which we’ve…

Ukraine: Kyiv and Warsaw agree on cooperation in building Via Carpatia highway

Ukrainian and Polish Infrastructure Ministers Volodymyr Omelyan and Andrzej Adamczyk have signed a memorandum on cooperation in the implementation of an international infrastructure project – the construction of the Via Carpatia transport corridor. The document was signed in Przemysl on October 22 in the presence of Verkhovna Rada Chairman Andriy Parubiy and Marshal of the…

Ukraine: coffee sales up in 2016-2017

The Ukrainian coffee market showed an increase in sales by 3% in natural terms in the period from September 2016 to August 2017, the Nielsen research company has said. According to a press release, during the same period of 2015-2016 coffee sales dropped by 8%. In September 2016 – August 2017 the segment of natural…

Ukraine: AR-15 assault rifle variant constructed

Ukraine’s state-owned Ukroboronprom has recently showcased its locally built variant of the AR-15 assault rifle – M4-WAC-47. The Ukrainian Ministry of Defense (MoD) intends to induct the M4-WAC-47 as part of its technical and operational alignment with NATO. The M4-WAC-47 was developed in collaboration with U.S.-based Aeroscraft. Besides 5.56×45 mm NATO rounds, the M4-WAC-47 can…