Business news from Ukraine

Business news from Ukraine

ARTYOMSOL SEES 31% RISE IN PRODUCTION IN H1 2017

KYIV. July 12 (Interfax-Ukraine) – The state-owned enterprise Artyomsol (Donetsk region) saw a 31% rise in salt production in January-June 2017 year-over-year, to 780,000 tonnes.
The enterprise said in a press release on Tuesday that in H1 2017 the enterprise fully recovered the loss of the Russian market thanks to the increase of supplies to other countries.
In H1 2017, 391,000 tonnes of products were shipped to European consumers, which is five times more than a year ago. Exports to Hungary, Poland, Romania and Slovakia significantly grew. Shipments to the domestic market also expanded.
Artyomsol said that in H1 2016, 236,000 tonnes of salt was sent to Russia.
This year the enterprise will start producing edible salt purified using photo separation. At the first stage the new product will be exported. The enterprise plans to continue re-equipping salt mines and switch to production of separated salt at all production lines.

UKRAINIAN CHAMBER OF COMMERCE AND INDUSTRY TO CREATE ANTI-CRISIS CENTER FOR BUSINESS CYBER SECURITY

KYIV. July 12 (Interfax-Ukraine) – The Chamber of Commerce of Industry of Ukraine plans to create an anti-crisis center for consulting business in cyber security issues in the near term, the Chamber said in a press release on Wednesday.
“The anti-crisis center specialists will consult business suffered from cyber attacks free of charge and help to prevent possible cyber threats in the future,” the Chamber said.
The Chamber told Interfax-Ukraine that the premium is to approve the decision on the creation of the anti-crisis center at the end of July.
“The business should be prepared for the fact that cyber attacks will continue, and during the discussion we assessed the problem on the basis of what we have heard, to develop an effective mechanism for protecting domestic entrepreneurs and preparing for a new wave of attacks. In addition to creating an anti-crisis cyber security center for business, a working group will be formed. An appeal to government bodies to establish the main reserve channels for the transfer of social information would be sent,” Chairman of the committee for e-communications at the Chamber Volodymyr Koliadenko said.

UKRGAZVYDOBUVANNIA ANNOUNCES TENDER FOR 40 MORE HYDRAULIC FRACTURING PROJECTS

KYIV. July 12 (Interfax-Ukraine) – Public joint-stock company Ukrgazvydobuvannia has announced a tender to carry out 40 more hydraulic fracturing projects for the total cost of up to UAH 195 million (VAT included).
Ukrgazvydobuvannia said in the ProZorro e-procurement system that the tender is divided into two lots 20 hydraulic fracturing projects each for one year each with the expected cost of up to UAH 97.5 million.
Bids can be submitted by July 20.
Hydraulic fracturing will be conducted at the gas and gas condensate wells of Shebelynka and Poltava gas divisions in the depths of 2,800-5,000 meters.

BORSCHAHIVKA CHEMICAL PLANT TO LAUNCH NEW PILLS, GELCAPS PRODUCTION LINE IN 2019

KYIV. July 12 (Interfax-Ukraine) – Public joint-stock company Research and Industrial Center Borschahivka chemical and pharmaceutical plant plans to launch a new pills and gelcaps production line in 2019.
The company’s press service reported that the capacity of the new line will be 500 million pills and gelcaps a year, which would allow boosting the total pills and gelcaps production capacities by almost 30%.
The project is being implemented using own funds of the plant. The enterprise wants to expand warehouses and open a new warehouse in 2019.
By late 2018, the plant seeks to invest UAH 317 million in upgrade of production facilities.

ECONOMY MINISTRY TO CREATE WEBSITE BY LATE 2017 TO ATTRACT FOREIGN TOURISTS

KYIV. July 11 (Interfax-Ukraine) – The Visit Ukraine tourism website with information about tourism potential of the Ukrainian regions and cities in foreign languages is to be launched in the fourth quarter of 2017.
The Economic Development and Trade Ministry of Ukraine at the end of June 2017 approved this in the action plan for 2017 to implement the tourism and resorts development strategy until 2026 (order No. 958).
Along with the Economic Development and Trade Ministry the Ecology and Natural Resources Ministry and local authorities will design the website and provide content.
The interactive database containing information about tourism and recreation resources of Ukraine will be created in the fourth quarter to establish the national tourism tours network.
It is planned to create tourism and information centers for fully independent travellers (FITs) and draw up a concept for retaining and developing narrow gauge railroads as important tourist attractions.
The ministry expects that the Infrastructure Ministry and regional administrations would improve the organization of logistics between the regions.

KHARKIV TRACTOR PLANT MEETS PRODUCTION TARGET FOR H1 2017 – OWNER

KHARKIV. July 11 (Interfax-Ukraine) – Public joint-stock company Kharkiv Tractor Plant in January-June 2017 met the tractor production target for the period, the owner of the enterprise and President of DCH Group Oleksandr Yaroslavsky has said.
“Of course, [the target is met]. Around 500 tractors have been made,” Yaroslavsky told reporters in Kharkiv last week.
He said that after a long idle period Kharkiv Tractor Plant lost markets and now it is working on restoring them.
“We are wining them back. In a year all the markets were lost, all 100%. Imported analogs occupied Ukraine,” he said, expressing hope that the annual target will be met.
“We will try. We will do what we have promised,” he said.
As reported, Kharkiv Tractor Plant resumed operations early February 2017 after a 10 month idle period. A total of 302 tractors were made from February through April.
Yaroslavsky said that the plant intends to produce 150 tractors every month. Some 30% of products will be supplied to the domestic market and the rest of the tractors – to Kazakhstan, Uzbekistan, Azerbaijan and Iran.