The second plant for the production of automotive electronics of Kostal Ukraine LLC, a subsidiary of Germany’s Leopold Kostal GmbH & Co, will be constructed in Boryspil district of Kyiv region, the press service of Boryspil district state administration has said.
“Despite quarantine in the country, cooperation with foreign investors continues. Recently, Boryspil district state administration and Kostal Ukraine LLC have signed a memorandum of cooperation and interaction under the project to construct the plant for the production of mechatronic products (automotive electronics) in the territory of Dudari rural council. The main office in Germany confirmed the intention to construct the plant,” the press service said on the website of the district state administration.
There are intentions to create 900 jobs at the plant.
Currently, Kostal Ukraine has a production site of automotive components in Pereiaslav (Kyiv region), established in 2006, where about 1,000 employees are currently working.
KOSTAL Group consists of 31 companies in 17 countries. The main activities are the development and production of technologically advanced electronic and electro-mechanical products for the automotive industry.
Ukraine’s Minister of Infrastructure Vladyslav Krykliy expects provision of financial support to Ukrzaliznytsia in the amount of UAH 4-5 billion from the funds received from Gazprom, he said in an exclusive interview with Interfax-Ukraine.
According to the minister, financial support on behalf of the state will be the most liquid aid for Ukrzaliznytsia in the current situation, taking into account the previously downgraded rating of the company by S&P Global Ratings to “CCC” with a negative outlook.
“Part of funds from Gazprom, which goes to Naftogaz, will be transferred to the budget in the form of dividends, we expect to receive a certain amount that will be provided to support Ukrzaliznytsia. But not just to close the current problems, but to order wagons, trains, etc. in the domestic market,” the minister emphasized.
Krykliy also said that the Ministry of Infrastructure plans to receive about UAH 4-5 billion of targeted financing for Ukrzaliznytsia.
“We expect that these funds will arrive this year, and will be distributed by the end of the year,” he stressed.
Retail goods turnover in Ukraine in March 2020 slowed to 6.1% year-over-year in comparable prices, the State Statistics Service has reported.
In January-March 2020 compared with January-March 2019, retail trade turnover decreased 10.6%, while in March 2020 compared to February 2020 it increased by 4.4%.
The largest increase in the retail turnover of enterprises (legal entities and private entrepreneurs) in March 2020 compared with March 2019 was recorded in Kyiv (by 15.3%), Dnipropetrovsk (by 15%), Kharkiv (by 14.9%), Zaporizhia (by 14.8%), Kirovohrad (by 13.9%), Poltava (by 12.8%), Volyn (by 12.6%) and Odesa (by 12.4%) regions.
National bank of Ukraine’s official rates as of 22/04/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of April 22
One troy ounce=31.10 grams
The Ministry of Infrastructure of Ukraine is working on a concession for Olvia and Kherson ports according to the approved schedule, the ministry said in a statement on its website.
“The accidentals of the concession agreement with QTerminals company are being finalized, negotiations are being held in the online conference mode, since Qatar has introduced strict quarantine requirements for citizens who cannot yet arrive in Ukraine, which we have been informed through diplomatic channels. Consultations on Kherson port concessions are continuing as well,” Minister of Infrastructure Vladyslav Krykliy said.
According to him, the Ministry of Infrastructure also continues to work on the preparation of concession projects in the ports of Chornomorsk, Berdiansk and Odesa. There are also international discussions in other areas of the transport industry.
“We are determined with our international partners on the mechanisms of public and private partnership in the road sector, as well as on airports and railway stations,” Krykliy said.
