Wojciech Balczun, Chairman of the Board of PJSC Ukrzaliznytsia, expects to receive a billion-dollar investment into the development of Ukrzaliznytsia in the coming years. He said this at a meeting with representatives of the American Chamber of Commerce. “As for investments into rolling stock and infrastructure, we would like to attract $1 billion in two-three…
DetailsPublic joint-stock company Ukrzaliznytsia intends to sign a contract to carry out construction works on over 300-km railway tracks with Ministry of Roads and Urban Development of Iran, the company’s press service reported, referring to Board Chairman Wojciech Balczun. “We quickly worked with the agreement of the Infrastructure Ministry of Ukraine and Ministry of Roads…
DetailsNational Energy Company Ukrenergo saw 292.681 million UAH of net profit in 2015 compared to 1.94 billion UAH of net loss a year ago, according to an audited report posted on the company’s website. Revenue grew by 74.5% in 2015, to 5.5 billion UAH, and pretax profit totaled 395.326 million UAH compared to 2.264 billion…
DetailsUkrainian airlines saw a 23.2% YoY rise in passenger transportation in January-July, to 4.26 million people, according to State Aviation Service of Ukraine. Seventeen Ukrainian airlines serviced passenger transportation in January-July 2016. Over the period 18 Ukrainian airports serviced 6.8 million passengers, up by 15.1% YoY. As reported, ten Ukrainian airlines serviced regular flights between…
DetailsIn 2016 rapeseed harvest in Ukraine will reach 1.2 million tons, sunflower seed – nearly 12 million tons. Also, the European Union countries expect for good harvest of oilseeds. Since the reporting vegetable oils are interchangeable, Ukraine will not face any high prices for rapeseed by-products, the Supervisory Board member at PJSC Nizhyn Fat Processing…
DetailsSince the beginning of 2016, the exports of food products of Ukrainian origin to the European Union countries rose by 68%, while the general exports to the EU increased by 7%, the First Vice-Prime-Minister, Minister of Economic Development and Trade of Ukraine Stepan Kubiv declared. According to him, Ukrainian producers actively use trade preferences within…
DetailsAPK-Inform analysts increased the forecast of the export potential of Ukrainian grains in the current season within the July forecast adjustments to supply and demand balances of grains and pulses to 34.7 million tons, down by 9.3% compared with the record level in 2015/2016 MY (38.2 million tons). (APK-Inform/Business World Magazine)
PJSC “Ukrzaliznytsya” (Ukrainian Railways) promises to introduce a special mobile application for purchasing train tickets by the end of 2016. Chairman of the Board of PJSC “Ukrzaliznytsya” Wojciech Balczun said this during the meeting with representatives of the American Chamber of Commerce. “We want to eliminate scams with tickets. We have learned that there is…
DetailsPublic joint-stock company Sumy Machine-Building Science and Production Association (Sumy NPO) has joined the imports replacement program in defense industry. The company’s press service reported that Sumy NPO would take part in industrial cooperation in the area of armored vehicle and tank building. “A new contract for a test batch of products for Malyshev Plant…
DetailsUkrainian agricultural companies anticipate that production in the third quarter of 2016 will grow QoQ. According to the State Statistics Service, 70% of agricultural companies out of 847 polled expect their output to grow. Some 23% of respondents do not project any changes in production and 6% expect a fall in their output. Some 28%…
DetailsNibulon agricultural company intends to build a transshipment terminal to load grain and oilseeds to river and sea transport in Hola Prystan (Kherson region) in three months. According to the company report, a memorandum of cooperation between Kherson Regional Administration and Nibulon was signed on August 5. The implementation of the project would help to…
DetailsThe Cabinet of Ministers has to make the final decision on including Yuzgas B.V. (the Netherlands), which has won the corresponding tender, as an investor in the production sharing agreement (PSA) for hydrocarbons extraction on Yuzivska deposit (Donetsk and Kharkiv region), Nadra Ukrainy board chairman Yaroslav Klymovych has said. “Procedurally, investors appeal to the government…
DetailsOn August 6 and 7, at the seaports of Yeysk, Taman, Kavkaz and Novorossiysk (Kransodar Krai) 21 dry cargo ships were loaded with grain and grain products. Officers of the Regional Office of Rosselkhoznadzor (Federal Service for Veterinary and Phytosanitary Surveillance) for Krasnodar Krai and the Republic of Adygea issued 43 phytosanitary certificates for 397,959…
DetailsFour Kharkiv-based enterprises, part of the Ukroboronprom State Concern, have received government guarantees for taking credits to implement defense order, Secretary of the Verkhovna Rada national security and defense committee MP Ivan Vinnyk has said. “The Groysman’s government issued guarantees, using which 10 Ukroboronprom’s enterprises will be able to receive credits. Kharkiv, as the region,…
DetailsKazakhstan’s National Atomic Company Kazatomprom is interested in developing cooperation with Ukraine in various areas of the nuclear fuel cycle (NFC), including production of nuclear fuel in Kazakhstan for Ukrainian nuclear power plants (NPP), Kazatomprom has said. The Kazakh Ministry of Energy and Kazatomprom plan to meet with the Ukrainian Ministry of Energy and Coal…
DetailsKazakhstan has almost completed realization of the project to expand the sea port of Aktau in the northern direction, which will increase the carrying capacity from 16.5 million tons to 19.5 million tons, the press-service of the port declared. The project consists of three stages: construction of protective hydraulic engineering structures, dredging and construction of…
DetailsIndia is interested in the development of pharmaceutical industry in Sumy region and plans to expand production there. Indian Ambassador to Ukraine Manoj Kumar Bharti said this during a visit to Sumy region. “The pharmaceutical industry is now one of the areas, where the cooperation between the two countries has been already set up. In…
DetailsIn January-July the export volumes of agricultural food products from Ukraine increased by 2.6% YoY to $7.8 billion, while imports went up by 10% to $2.2 billion, the press-service of the Association “Ukrainian Agribusiness Club” (UCAB) declared. According to the announcement, the share of agricultural products in the general export structure reached 40.1%, up by…
DetailsIn August Russia will export nearly 3-3.1 million tons of grains, as opposed to 4.2 million tons in the same month last year, the Deputy Director of the strategic management department at Rusagrotrans CJSC Igor Pavensky announced. At the same time, he noted that the previous forecast totaled 3.5 million tons, but Rusagrotrans had to…
DetailsAccording to preliminary data from the Federal State Statistics Service (Rosstat), in 2016/2017 MY the planted areas under sunflower seed in Russia will increase by 7% compared with the previous season – to 7.5 million ha. The reporting result will become the second largest one after the record index in 2011/2012 MY (7.6 million ha).…
DetailsGeneral production of wheat in Moldova reached 1.283 million tons, which exceeded the expected rate by almost 300 thousand tons, the Ministry of Agriculture and Food Industry declared. According to the announcement, the harvested areas under wheat in the country totaled 371 thousand ha with the average yield of 3.1 t/ha. In particular, milling wheat…
DetailsAccording to Rufco Company, in the Azov Sea basin grain freight rates have strengthened. Grain supply for transportation from Russian part of the basin increased gradually. Besides, some recovery of grain shipments from the ports of Volga and Don (in the direction of Iran and Turkey) was observed in the market. As a result, outflow…
DetailsThe State Service of Ukraine on Food Safety and Consumers’ Rights Protection has imposed a ban on imports of cattle and associated products from countries where Lumpy Skin Disease (LSD) has been recorded. “We are drawing up rules to prevent the spread of the disease and combat it. This week the first draft document will…
DetailsThe process of corporatization of the state-owned enterprise NAEC “Energoatom” should provide for the opportunity to involve the western partners, including from the USA, in the company’s management. President of NAEC “Energoatom” Yuri Nedashkovsky said this, speaking at the meeting of the Eurasian Center of the Atlantic Council in the United States, the press service…
DetailsBelarus plans to increase exports of agricultural and food products to $7.5 billion by 2020, according to the program of socio-economic development of Belarus for 2016-2020. In order to achieve the objective, it is envisaged to realize a number of measures aimed at ensuring the competitive advantages in the agricultural industry of the country. The…
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