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Business news from the Ukrainian League of Industrialists and Entrepreneurs

ELLINAIR WILL INCREASE FREQUENCY OF FLIGHTS FROM ODESA TO THESSALONIKI

KYIV. Feb 17 (Interfax-Ukraine) – Ellinair airline (Greece) in the 2017 summer season will operate direct flights on the Odesa-Thessaloniki-Odesa route twice a week.

According to the press service of Odesa airport, departure from Odesa will be on Wednesdays and Sundays from May 31 to October 4, 2017. Travel time is two hours. The flight is performed on board an Avro 146-RJ85 plane with 96 seats produced by British Aerospace.

The increase in the number of flights will increase tourism, business and cultural exchange between the citizens of Ukraine and Greece.

Ellinair is a Greek air carrier, founded in 2013. It is based at Macedonia International Airport in Thessaloniki (Greece).

Ellinair operates scheduled flights from Greece to Ukraine, European cities, carries out domestic flights between the cities and islands of Greece. Ellinair is part of Mouzenidis Group Holding.

ARTYOMSOL TO USE UAH 199.6 MLN FOR MODERNIZATION IN 2017

KYIV. Feb 17 (Interfax-Ukraine) – The Ministry of Agricultural Policy and Food has approved the financial plan of state enterprise Artyomsol, which provides for the allocation of UAH 199.6 million for modernization of production.

According to a press release from Artyomsol, these funds will be spent on modernization and reconstruction of workshops, the introduction of advanced equipment and technology, the modernization of mine technical and technological equipment.

“A significant amount of funds, which we will spend on the replacement of obsolete and the purchase of new equipment, will allow us, first of all, creating safe working conditions and improving the enterprise’s efficiency. In addition, we continue to work on improving the quality of products and increasing the product range,” Artyomsol head Volodymyr Dolia said.

Artyomsol is the largest enterprise for production and sale of table salt (NaCl) in Central and Eastern Europe. Its production facilities are located in Soledar (Donetsk region). The company exports its products to 19 countries. About 35% of the company’s products are sold in Ukraine, and the rest are supplied abroad (data for 2016).

PM ORDERS TO DESIGN INDUSTRIAL PRODUCTION DEVELOPMENT SYSTEM

KYIV. Feb 17 (Interfax-Ukraine) – Ukrainian Prime Minister Volodymyr Groysman has ordered First Deputy Prime Minister and Economic Development and Trade Minister Stepan Kubiv and the National Industrial Development Committee to draw up the industrial production development system.

The press service of Ukraine’s Cabinet of Ministers, the prime minister held a meeting devoted to support of production of specialized vehicles in Ukraine.

“We need a high-quality system to stimulate own production,” the prime minister said.

Groysman said that the quality of all equipment and vehicles made and bought should be high, and production should be localized in Ukraine as wide as possible.

“The main thing that this should not be semi knocked down assembly of vehicles. All aggregates and parts should be by 60% and more made at Ukrainian enterprises. This is jobs and salaries,” the prime minister said.

When discussing the need to update the fleet of firefighting machinery, the premier noted the need for a medium-term program of such purchases.

The meeting was also attended by Finance Minister Oleksandr Danyliuk, First Deputy Minister of Economic Development and Trade Maksym Nefyodov, Chairman of the State Emergency Service Mykola Chechetkin, the leadership of the Defense Ministry and the Interior Ministry, Automobile Roads of Ukraine.

In addition, CEO of PJSC AvtoKrAZ (the only manufacturer of heavy trucks

GOVERNMENT TO FORESEE UAH 1 BLN FOR COMPENSATION OF COST OF AGRICULTURAL MACHINERY IN 2018

KYIV. Feb 17 (Interfax-Ukraine) – Ukraine’s Cabinet of Ministers intends to foresee UAH 1 billion in 2018 for compensation of the cost of agricultural machinery made in Ukraine, Ukrainian Prime Minister Volodymyr Groysman has said.

“The program for this year is UAH 550 million. For the next year we have foreseen around UAH 1 billion,” the prime minister said during his visit to Agro Animal Show 2017 in Kyiv on Friday.

Groysman said that the parts of the machinery which cost could be partially compensated are to be made by at least 60% in Ukraine.

He said that in 2016 Ukrainian agricultural producers spent UAH 10 billion to buy agricultural machinery and only UAH 1.5 billion was sent to buy machinery made in Ukraine.

UKRAINIAN UAV ATTRACTS INTEREST AT INDIA EXHIBIT

KYIV. Feb 16 (Interfax-Ukraine) – The new Ukrainian tactical UAV (TBpAK) Sparrow-LE has drawn a lot of attention at the 11th International Aero India-2017 exhibition, the press service of Ukraine’s Ukroboronprom concern said on Wednesday.

The invention of Ukrainian arms experts was designed by Spetstekhnoeksport, part of Ukroboronprom, which said the device is being readied for use by the Ukrainian Armed Forces.

The UAV was presented at the exhibition with modifications.

“The UAV’s capabilities exceed demands of our Indian military partners,” Ukroboronprom’s press service said.

The Sparrow-LE is designed to conduct aerial surveillance and controlled via an encrypted data channel with a range of up to 25 kilometers. It can be airborne for up to 3.5 hours. The wingspan of the UAV exceeds 3 meters, enhancing its flight performance, compared to similar UAVs in the same class.

The UAV model was created by designers of Spytech, Ukroboronprom’s press service said.

Aero India-2017 takes place from February 14-19 Air Force Station, Yelahanka, Bengaluru.

India is among Ukraine’s prospective customers in military production cooperation. Ukraine and India signed intergovernmental agreements in military production cooperation in 2010. The countries have teamed up to modernize military transport planes and in military aviation, in addition to armored vehicles.

India earlier expressed interest in boosting military production cooperation with Ukraine in area of transfer technology, as well as the development in India of military equipment production in cooperation with Ukrainian enterprises. Joint development of military equipment has also been discussed.