Business news from Ukraine


KYIV. Aug 30 (Interfax-Ukraine) – Ukraine and India are working on expanding military and technical cooperation, the parties are in talks on cooperation in modernization of T-72 armored vehicles for the Armed Forces of India, a source in the defense sector has told Interfax-Ukraine.

“India is interested in placing an order for modernization of T-72 armored vehicles in Ukraine. Currently the parties are negotiating on organization of cooperation. The estimated need of Indian customers for upgraded T-72 armored vehicles, according to some estimates, exceeds 1,000 units,” the report reads.

According to the source, among the basic requirements of the Indian customer is re-motorization of the armored vehicles with replacing engines for Ukrainian 6TD-2 engines with a power of 1,200 hp, as well as equipping the vehicles with air conditioning and autonomous power systems.

Ukraine plans five-fold increase in military-technical cooperation with India and to bring its volume to $500 million a year by 2019.


KYIV. Aug 29 (Interfax-Ukraine) – The most likely candidate for the post of the Ukrainian presidential administration head is Kharkiv regional governor Ihor Rainin, an informed source close to the administration told Interfax-Ukraine.

According to the source, Rainin will be presented in his new position after a meeting of the National Reforms Council on Monday.

Rainin, 43, he graduated from the Kharkiv Aviation Institute in 1997, where he studied engine and power systems for spacecraft, with a degree in mechanical engineering.

In 2000, he graduated from the Kharkiv branch of the National Academy for Public Administration under the President of Ukraine with a master’s degree in public administration, he also has a PhD in public administration.

From September 1990 until July 1993 he was a technician in the Naladchik gas equipment cooperative and a service engineer at the state-run Techservice Engineering and Consulting Center.

From July 1993 until January 1996 he headed the Agris industrial and commercial company, then until April 1998 he was deputy director general, then director general of the Labor Protection Training Research and Production Center LLC.

In April-August 1998 he worked in Kolomak District State Administration.

From July 2000 to March 2001 he was the executive director of Labor Protection Training Research and Production Center LLC.

From March 2001 to April 2002 he headed of the department for coordination of international technical assistance projects of the Main Economy Directorate of Kharkiv Regional State Administration.

From April 2001 until March 2010 he was deputy, then first deputy head of the Economic Department of Kharkiv Regional State Administration.

In 2010 he was appointed director general of the National Research Center “Institute of Metrology”.

From July 2010 until March 2014 he was deputy director of Sintofleks LLC.

From April until November 2014 Rainin was first deputy head of Kharkiv Regional State Administration.

From November 17, 2014 until February 3, 2015 he served as deputy head of the presidential administration.

On February 3, 2015, he was appointed chairman of Kharkiv Regional State Administration.


KYIV. Aug 29 (Interfax-Ukraine) – The electronic declaration system of assets of officials will begin its work in Ukraine on September 1, 2016, Ukraine’s President Petro Poroshenko said in an interview with CNN, the Ukrayinska Pravda Internet publication said.

According to the publication, when commenting on the recent statements by Transparency International regarding the deterioration of the situation in the fight against corruption, Poroshenko said that the system of combating corruption is being reformed, and, the electronic declaration system, which was previously expected to start its work on August 15, will be launched on September 1.

“We are launching it now … namely on September 1, we will launch an e-declaration system. The topic of discussion with Transparency International was the situation surrounding the fight against corruption. Only five days remain [before the start of the system], and you will see that the project will start its work, and the electronic declaration is an effective tool for fighting corruption. The system of e-declaration will start its work on par with other elements of the anti-corruption system,” the Ukrainian president said.

As reported, Ukrainian Prime Minister Volodymyr Groysman at a government meeting demanded the system of e-declaration of officials’ assets should be launched on September 1, 2016 and threatened with dismissals for the failure to launch it. “My goal is to launch e-declaration from September 1. I demand this… There is no other date,” he said.

As was earlier reported, officials announced the launch of the e-declaration system at midnight on August 15 despite the fact that its data protection system had not been certified by the State Service of Special Communications and Information Protection of Ukraine.

In particular, Transparency International Ukraine was disturbed by the launch of an electronic income declaration system without proper certification, and insists that the officials who are responsible for this should resign.

Under the law on combating corruption, high-ranking officials are to fill in new detailed income declarations in 2016 within 60 days after the launch of the e-declaration system.

In particular, electronic statements of assets and income should be submitted by the Ukrainian president and the prime minister along with their advisors and assistants, government members, deputy ministers, members of the national commissions and the Antimonopoly Committee of Ukraine, the head of the State Property Fund and the central bank governor along with their deputies. Ukrainian parliamentarians and civil servants belonging to the “A” or “B” categories, as well as judges, prosecutors, investigators, heads, deputy heads of state agencies whose jurisdiction covers the entire territory of Ukraine are also subject to e-declaration. High-ranking military officers are also to declare their incomes with the help of the new system.


KYIV. Aug 29 (Interfax-Ukraine) – Ukrainian farmers started the maize harvesting campaign and collected 8,000 tonnes from 3,000 hectares as of August 26, 2016.

The crop yield is 3.32 tonnes per hectare, the Ukrainian Agrarian Policy and Food Ministry’s press service said.

What is more, they harvested 60,000 tonnes of buckwheat from 46,000 hectares (31% of the target. The crop yield of buckwheat was 1.29 tonnes per hectare.

Millet was harvested from 47,000 hectares, or 46% of the target. The total yield was 87,000 tonnes with the crop yield being 1.84 tonnes per hectare.

Farmers harvested 71,000 tonnes of sunflower seeds from 37,000 hectares with the crop yield being 1.89 tonnes per hectare.

Grain and leguminous crops were harvested from 9.8 million hectares (68% of the target). Farmers gathered 38.2 million tonnes, the crop yield was 3.91 tonnes per hectare.

Actual exports as of August 26, 2016, were 3.948 million tonnes. Of this amount, wheat is 1.74 million tonnes, maize is 478,000 tonnes, barley is 1.714 million tonnes, while 16,000 tonnes are other types of grain crops.

By that date, flour exports totaled almost 31,000 tonnes.

Total grain exports were 3.989 million tonnes.



KYIV. Aug 26 (Interfax-Ukraine) – NJSC Ukrenergo has developed a draft investment program for 2017 to the tune of UAH 7.667 billion.

The document was posted on the company’s website.

The key sources of the financing will be profit worth UAH 2.476 billion, amortization worth UAH 984.993 million, and loans worth UAH 4.206 billion.

As reported, Ukrenergo operates trunk and interstate power grids, as well as performs the centralized dispatching of the united energy system in the country. The company is a state enterprise, and it is subordinate to the Ministry of Energy and Coal Industry.



KYIV. Aug 26 (Interfax-Ukraine) – Head of Luhansk civil and military administration Yuriy Harbuz has said Chinese investors are interested in launching photovoltaic (PV) panel production in the region.

“Recently I had investors from China under the industry development program. We are looking for an option to organize PV panel production here,” he said in an interview with the Uriadovy Kurier publication.

He said that the region has skilled staff and industrial sites where they can work.

He also said that there is demand on PV panels in the region.