Business news from Ukraine

Business news from Ukraine

UKRZALIZNYTSIA DISCUSSING WITH U.S. PARTNERS SUPPLY OF ADDITIONAL BATCH OF DIESEL LOCOMOTIVES

JSC Ukrzaliznytsia is discussing with its U.S. partners an agreement for the supply of an additional batch of diesel locomotives, Chairman of the board of the company Ivan Yuryk has said.
“I think that we will move along several parallel paths to modernize diesel traction. Both the modernization of the existing ones and the purchase of a small batch of new diesel locomotives are planned. We are now discussing with our U.S. partners an additional batch of up to 40 new diesel locomotives. I hope we will come to signing by the end of the year,” he said.
Yuryk also said that the company has also begun the process of purchasing new electric locomotives up to 200 units of various types of electric traction.
“Now we are holding an open tender. I hope that by the end of the year there will also be an answer who will become our partner in the construction and acquisition of these locomotives. The task of our company and the government is a large percentage of localization so that we launch the economy inside the country,” the chairman of Ukrzaliznytsia said.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 27/07/20

National bank of Ukraine’s official rates as of 27/07/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JULY 27

Official rates of banking metals from national bank as of July 27

One troy ounce=31.10 grams

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UKRAINE HARVESTS 20 MLN TONNES OF GRAIN

As of July 23, 2020 Ukrainian farmers harvested 20.6 million tonnes of grain and leguminous crops from an area of 5.7 million hectares (38% of the forecast).
According to a report on the website of the Ministry of Economic Development, Trade and Agriculture posted on Friday, July 24, 12.8 million tonnes of wheat from an area of 3.5 million hectares (53%) was harvested, 6.4 million tonnes of barley from an area of 1.7 million hectares (75%), and 385,000 tonnes of peas from an area of 173,000 hectares (74%).
In addition, 1.2 million tonnes of rapeseed were harvested from an area of 623,000 hectares (55%).
According to the ministry, the leaders in terms of harvest volumes since the beginning of the harvesting campaign are Dnipropetrovsk (2.7 million tonnes from an area of 787,000 hectares), Zaporizhia (2.7 million tonnes from an area of 776,000 hectares), Kherson (2.5 million tonnes from an area of 823,000 hectares), Mykolaiv (2.5 million tonnes from an area of 844,000 hectares) and Donetsk (2.2 million tonnes from an area of 596,000 hectares) regions.The Ministry of Economic Development, Trade and Agriculture predicts that Ukrainian agricultural producers will harvest 68 million tonnes of grain crops in 2020 compared with 75 million tonnes in 2019.

UKRAINIAN RDS GROUP TO BUILD ROADS IN KHERSON REGION – OWNER

The RDS Group of road construction companies will repair a section of M-14 road in Kherson region, which will be the ninth region of Ukraine in which the company carries out works, the co-founder of RDS, Yevhen Konovalov, told Interfax-Ukraine.
“Our production will be based in Nova Kakhovka. The south, Kherson region are strategically important for the development of both passenger flow and trade infrastructure of our country,” he said.
According to Konovalov, the group plans to join projects in other regions of the country within the president’s Big Construction program by the end of this year.

According to the ProZorro system, Rostdorstroy LLC, which is a part of the RDS Group, won two lots in the tender for medium repairs of M-14 Odesa-Melitopol-Novoazovsk road in Kherson region worth UAH 22.998 million and UAH 46.98 million (PJSC Khmelnytsky Road Construction Department No. 56 won two other lots).
In addition, Rostdorstroy has passed prequalification along with Khmelnytsky Road Construction Department No. 56 and Avtomagistral-Pivden LLC in several more tenders for medium repairs of this road in Kherson region.
In 2020, the State Agency of Automobile Roads of Ukraine (Ukravtodor) plans to repair 177.5 kilometers of national roads in Kherson region for UAH 2.1 billion, including 36.1 kilometers of M-14 Odesa-Melitopol-Novoazovsk road.

RDS Group is included in the top three road construction companies of Ukraine. It includes Kyivshliakhbud and Rostdorstroy. The core business is construction, reconstruction and maintenance of roads and bridges, construction of airfield complexes.
The ultimate beneficial owners of RDS Group are Ukrainian citizens Yuriy Shumakher and Yevhen Konovalov.

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UKRAINE AND EGYPT DISCUSS STEPS TO DEVELOP TRADE

President of Ukraine Volodymyr Zelensky had a phone conversation with President of Egypt Abdel Fattah Al-Sisi, during which they highly appreciated the trade and economic cooperation between the countries, discussed further steps to develop mutually beneficial cooperation, the press service of the President’s Office said.
“The President of Ukraine expressed interest in further strengthening trade and economic cooperation with Egypt, our country’s largest trading partner on the African continent and in the Middle East. Zelensky noted the contribution of Ukrainian companies to ensuring food security in Egypt, and stressed the importance of successful implementation of projects of Ukrainian enterprises in this country,” the message reads.
In addition, the topic of strengthening cooperation in the space industry was separately discussed.
“Given the considerable experience and the available industrial and engineering base, Ukraine is interested in resuming mutually beneficial cooperation with Egypt in such areas as satellite production and management, modernization of ground-based flight control base and equipment for testing spacecraft, training and education of Egyptian specialists. I am convinced that our states have a significant potential for cooperation in the use of outer space for peaceful purposes,” the President of Ukraine said.
The presidents also exchanged invitations on visiting the two countries after the stabilization of the situation with the coronavirus.

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