ECONOMY MINISTRY TO WORK OUT FIVE-YEAR STRATEGY FOR AUTOMOTIVE INDUSTRY DEVELOPMENT

Business news from the Ukrainian League of Industrialists and Entrepreneurs

ECONOMY MINISTRY TO WORK OUT FIVE-YEAR STRATEGY FOR AUTOMOTIVE INDUSTRY DEVELOPMENT

12 Sep , 2017  

KYIV. Sept 12 (Interfax-Ukraine) – Ukraine’s Ministry of Economic Development and Trade intends in the near future to begin the development of a medium-term strategy for the development of the automotive industry for five years, which provides for the maximum localization of production in Ukraine, First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said.
“It [the strategy] will envisage the development of the Ukrainian car industry, the creation of jobs in this and related fields of production. The task is to maximize the localization of vehicle production in Ukraine,” he wrote on his Facebook page during a working trip to Cherkasy region.
Kubiv said during the trip he visited the Bogdan Motors plant in Cherkasy, which supplies vehicles for defense needs.
These are special dual-purpose vehicles, including armored tactical vehicles, trucks, all-wheel drive special (sanitary) vehicles, he said.
As reported, according to the Ukrautoprom association, Ukraine in 2016 produced 4,340 cars (23% less than a year earlier), bus production decreased by 64%, to 321 units.