KYIV. March 16 (Interfax-Ukraine) – PJSC Vistec machine building plant (Bakhmut, Donetsk region), in 2016, according to preliminary data, saw a net profit of UAH 34.14 million, while a year earlier it was UAH 280,000.
According to information on the agenda of a general meeting of shareholders scheduled for April 13, the company’s retained earnings by the beginning of this year amounted to UAH 62.77 million.
Current liabilities last year slightly decreased, to UAH 124.3 million, long-term liabilities rose to UAH 1.08 million.
Its total debtor indebtedness by January 1, 2017 amounted to UAH 106.66 million, which is 10.4% more than a year earlier, while the value of assets increased by 18%, to UAH 205.04 million.
The number of the plant personnel reduced by 110 people, to 709 employees.
PJSC Vistec specializes in production of round-link chains for various purposes, welding electrodes, metal cutting tools and goods made of metal powder. The enterprise also has forge-press and wire-nail production.
KYIV. March 16 (Interfax-Ukraine) – Ukrainian authorities would consider the possibility of creating an industrial park on the model of the Istanbul park.
The press service of the Cabinet of Ministers of Ukraine reported that on Wednesday as part of his official visit to Turkey Ukrainian Prime Minister Volodymyr Groysman visited the Istanbul industrial park and met top managers of the SAHA Istanbul, the association of defense and aerospace complex.
Groysman said that Ukrainian science, especially in the aerospace sector, aircraft building and military area is very fruitful.
He said that Ukraine and Turkey are all-sufficient to make a joint product if the countries unite their opportunities.
After the meeting the Ukrainian prime minister instructed to study the possibilities of creating the industrial park in Ukraine on the model of the park in Istanbul, which would discover the entire potential of Ukrainian science and technologies.
Top managers of the Istanbul park expressed their readiness to provide a free-of-charge place in the Istanbul park for one university and one enterprise from Ukraine.
KYIV. March 15 (Interfax) – Ukraine and Turkey have agreed on the possibility of mutual trips of citizens on the basis of internal passports in the form of ID cards, Spokesman for the PM Dmytro Stoliarchuk wrote on Twitter.
A corresponding agreement was signed between the governments of the two countries in Ankara on Tuesday during the official visit of Prime Minister Volodymyr Groysman.
“Ukraine and Turkey signed an agreement that simplified the mutual trips of citizens. Now it is possible to travel without visas using ID-cards,” Stoliarchuk wrote.
Besides, Ministries of Education of Ukraine and Turkey signed a cooperation agreement.
“The Education Ministries of Ukraine and Turkey opened the way to the creation of joint master’s programs in strategically important spheres,” the press secretary of the Ukrainian prime minister wrote.
The press service of the Cabinet of Ministers of Ukraine said that the agreement on the entry of citizens stipulates that citizens of Ukraine and citizens of Turkey, who use passports in the form of ID cards with a contactless electronic chip, will be able to enter, leave, follow transit and stay without visas on the territory of Turkey and Ukraine, respectively, for up to 90 days within 180 days.
The provisions of the memorandum on cooperation between the Ministry of Education and Science of Ukraine and the Council of Higher Education of Turkey provide for the creation of joint bachelor, master and postgraduate programs in the fields of nuclear energy, nuclear safety, aviation and space technologies, support for the study and teaching of Ukrainian and Turkish languages, the implementation of academic exchange programs.
KYIV. March 15 (Interfax-Ukraine) – Private joint-stock company APK-Invest (Donetsk region), a large pork producer in Ukraine, saw a 3.9-fold rise in net profit, to UAH 252.2 million.
The company said that its assets last year grew by 35.7%, to UAH 4.41 billion.
Total bills receivable came to UAH 239.67 million compared to UAH 181.4 million in 2015.
Current liabilities grew by 37%, reaching UAH 738.1 million. The company posted a 3.6-fold rise in undistributed profit, to UAH 373.1 million.
APK-Invest is a vertically integrated agro-industrial company with a complete closed cycle of production of chilled pork from growing grain and animal feed production to production and sale of meat goods.
The company has production facilities in Krasnoarmiysk and Kostiantynivka districts of Donetsk region.
The main owner is Borys Kolesnikov.
KYIV. March 15 (Interfax-Ukraine) – The Zhytomyr furniture factory that will manufacture furniture from the products made by Korosten MDF (medium density fibreboard) plant LLC (Zhytomyr region) will be created on the territory of the Zhytomyr-Skhid industrial park, the press service of Zhytomyr City Council has reported.
Last week the lawmakers of the city council signed a memorandum of partnership with Zhytomyr furniture factory LLC.
Some 1,250 jobs will be created.
“The investor promises to pay average salary of at least UAH 8,000 a month. The new furniture plant of the European model is not only UAH 2.5 billion of investment in the city economy, but this is the creation of new jobs. The factory will be the leader in furniture production in Ukraine,” the press service said, citing Zhytomyr Mayor Serhiy Sukhomlyn.
According to the register, Zhytomyr furniture factory LLC with the charter capital of UAH 1 million was registered on March 1, 2017. 99% of its capital belongs to Ukrbudinvest venture corporate investment fund affiliated with Leonid Yurushev and 1% belongs to Yurushev.
The ultimate beneficiary of Zhytomyr furniture factory LLC and Korosten MDF Plant is Yurushev.
Korosten MDF Plant manufactures medium density fibreboard (300,000 cubic meters a year) and laminate flooring (6 million cubic meters) under the REZULT trademark.
Yurushev is also the ultimate beneficiary of Ukrainian Holding Wood Sawing Company LLC that processes 1.2 million cubic meters of timber a year. It produces commercially sawn timber under the REZULT brand and wood pellets.
The Zhytomyr-Skhid industrial park on almost 25 ha was registered by the Economic Development and Trade Ministry in October 2016.
KYIV. March 15 (Interfax-Ukraine) – Heads of delegation from the countries participating in the 2017 Eurovision song contest have met in Kyiv, and Ukraine has received good feedback.
“All the issues that appeared during seven or eight months have been resolved, and I’m proud to say that we’re completely ready to hold the contest in May,” Eurovision executive supervisor Jon Ola Sand said at a press conference in Kyiv on Tuesday.
Delegates familiarized themselves with logistics, the agenda of special events and how the process of performances will be organized and security of participants and guests will be arranged.
Each participating country has a Head of Delegation who is the team leader and the contact point for the European Broadcasting Union (EBU).
A meeting of the heads of delegation traditionally takes place in March and allows teams to better prepare for participation in the song contest. Delegations consist of a performer, back-up singers, the authors of songs, dancers or other performers, the head of the press service and other team members. A delegation is led by the team leader who is a contact person for organizers of the contest and the EBU.
