Business news from Ukraine

UKRAINE TO CONSIDER POSSIBILITY OF TRAINING HIGHLY SOUGHT INDUSTRIAL STAFF ACCORDING TO HIGH GERMAN STANDARDS

Ukraine will consider the possibility of training industrial staff doe highly sought professions according to German standards, the press service of the Cabinet of Ministers of Ukraine has reported after a meeting of Ukrainian Prime Minister Volodymyr Groysman with representatives of leading German companies operating in Ukraine.
“At the suggestion of Germany, the agenda of bilateral relations includes issues related to the facilitation of the training of industrial personnel in Ukraine for the most popular professions, according to German standards,” the report said.
In this context, the prime minister proposed further identifying the most urgent priorities for joint work and moving in specific directions and projects.

government EXTENDS AVTOKRAZ POWERS AS SPECIAL EXPORTER UNTIL JUNE 1, 2019

The government of Ukraine has extended until June 1, 2019 the powers of PJSC AvtoKrAZ (Kremenchuk, Poltava region) to export military goods of its own production and import military goods for its own production.
Such a decision is stipulated in cabinet resolution No. 1034 of December 20, 2017, which introduces amendments to resolution No. 1228 dated 1999.
The status of a special exporter was provided to AvtoKrAZ by the government in 2007. Subsequently, the term of powers was periodically extended.
PJSC AvtoKrAZ produces 33 basic models, more than 260 modifications and sets for KrAZ machinery for work in all sectors of the economy and in the Armed Forces of Ukraine.
The enterprise is part of the financial and industrial group of Kostiantyn Zhevaho.

EBRD TO PROVIDE UP TO $50 MLN LOAN TO NIBULON for grain logistics infrastructure

The European Bank for Reconstruction and Development (EBRD) will provide up to $50 million loan to JV Nibulon LLC to support the expansion and modernization of Nibulon’s grain logistics infrastructure in 2018-2019.
EBRD Senior Adviser Anton Usov told Interfax-Ukraine that the project was approved by the bank’s board at a Wednesday meeting.
According to the materials of the bank, the project includes the construction of river terminals, transshipment crane, river fleet and Mykolaiv terminal enhancement.
The project will support Nibulon’s strategy aimed mainly at the expansion and optimisation of its river grain logistics facilities in order to increase grain trading volumes reducing the share of road and rail transportation, which will lead to the improvement of profitability, efficiency, as well as to the reduction of environmental footprint.
The total cost of the project is near $140 million. Technical Cooperation funds are provided by Japan-EBRD Technical Cooperation Fund to partially cover project’s external legal costs.
Nibulon LLC was established in 1991. It is one of the largest operators in the grain market of the country. It has elevators with a total capacity of about 2 million tonnes, as well as its own transshipment terminal with a capacity of 5 million tonnes in Mykolaiv.
Nibulon cultivates 82,000 hectares of land, owns and operates the second largest network of internal elevators and river terminals, a sea terminal in Mykolaiv. The company exports mainly maize, wheat and barley to more than 20 countries. The annual volume of exports reaches 4.5 million tonnes.

Ukrainian ARTYOMSOL STARTS PRODUCTION OF PURIFIED EDIBLE SALT

State enterprise Artyomsol (Donetsk region) has launched the production of purified food salt, according to a press release issued by the company.
To obtain premium quality salt according to state standard 3583:2015, the process of photoseparation was integrated into the existing technology, which allows removing dark inclusions of natural origin (anhydrides) from rock salt.
“As a result, salt has acquired a more attractive appearance, the content of NaCl it grew to 99%,” the report says.
The production of purified food salt was launched simultaneously at two mines.
Food salt after additional cleaning corresponds to European quality standards.
The program of reconstruction and modernization of all Artyomsol mines began in 2016. The main investment in the purchase of imported high-tech equipment amounted to UAH 23.5 million, which, according to preliminary calculations, will be paid back in 1.5 years.
The plans include the continuation of technical re-equipment of the mines, the transition to production of purified salt on all production lines.