KYIV. March 29 (Interfax-Ukraine) – State-run companies potentially could generate around $5 billion of profit a year, Ukraine’s Economic Development and Trade Ministry has said.
“We believe that the potential is near $5 billion of profit a year,” Senior Advisor to Economic Development and Trade Minister Adomas Audickas said at a press conference on Monday.
He said that around 2,000 operating companies are owned by the state. These companies posted around $5 billion of loss in 2014. Their loss in 2015 would be around $700 million.
“This year the companies might report profit,” he said.
He said that large companies were not privatized in 2015. Only 117 facilities (not companies) were privatized. Proceeds from privatization amounted to $6 million.
KYIV. March 28 (Interfax-Ukraine) – Ukraine will export cold cuts of meat to Israel, the Cabinet of Ministers of Ukraine has reported on its website, referring to Ukrainian Agrarian Policy and Food Minister Oleksiy Pavlenko.
“From now on Ukrainian farmers can supply cooled meat to the Israeli market. The agreements on beef and poultry supplies to the Israeli market have been achieved,” the minister said at a meeting.
He said that the negotiations on resumption of egg supplies from Ukraine to Israel, which were halted in January this year due to unfounded worries about salmonella, were successful.
Ukrainian companies are ready to resume egg deliveries to Israel next week.
The minister expressed confidence that by the end of the year Ukraine will be able to sign a free trade agreement with Israel.
KYIV. March 28 (Interfax-Ukraine) – Ukrenergo on March 25 signed a contract with Zaporizhtransformator (ZTR) for the supply of 22 autotransformers and shunt reactors for a total of UAH 928.591 million (including VAT), the press service of the company has said.
The deadline for signing the contract set by legislation expires on March 25.
As reported, the price of transformer equipment turned out to be UAH 1.1 billion lower than expected due to competition between ZTR, ABB and Siemens at the auction.
Transformers should be delivered to the objects no later than the first quarter of 2017.
Ukrenergo operates backbone and interstate power grids, as well as performs the centralized dispatching of the country’s united energy system. The company is state-owned and is managed by the Ministry of Energy and Coal Industry.
KYIV. March 28 (Interfax-Ukraine) –In order to help the major sectors of the Ukrainian economy, the mining and metallurgical complex and mechanical engineering, avoid crisis, manufacturers need to work on improving the efficiency and quality of products, while the state should stimulate exports and create conditions for the development of the internal market.
This conclusion was reached at the meeting “The Internal Metallurgical Market of Ukraine: Problems and Prospects,” organized by the Metalurgprom association of metallurgical enterprises of Ukraine (Dnipropetrovsk) in Kyiv.
According to Metalurgprom Head Oleksandr Kalenkov, currently the steel sector is in a catastrophic situation, and efforts are required from all the parties and the state to normalize the situation.
“It is necessary to fight for every dollar. Exports should be supported and the internal market should be developed,” Kalenkov stated.
At the same time, he pointed to not very effective communications with the government, in particular with the Ministry of Economic Development and Trade, adding that efforts to establish an appropriate dialogue will be made in future.
“Domestic consumption should be satisfied simultaneously with export promotion. It is also necessary to increase the state’s role in the salvation of the national economy,” chairman of the parliamentary committee on industrial policy and entrepreneurship Viktor Halasiuk said.
KYIV. March 28 (Interfax-Ukraine) – Private joint-stock company DHL International Ukraine (Kyiv) tentatively reported a 10% rise in net profit in 2015, to UAH 10.711 million.
The company said in an announcement of the general meeting of its shareholders scheduled for April 26 in the Netherlands its assets as of January 31, 2015 reached UAH 93.87 million. This was 13.2% up year-over-year.
Total bills receivable over the period increased by 7.4%, to UAH 48.368 million, undistributed profit – by 23%, to UAH 52.648 million, net worth – by 18.7%, to UAH 62.346 million and charter capital remained unchanged at UAH 9.698 million.
Current liabilities increased by 3.7% in 2015, to UAH 31.524 million and the company did not have non-current liabilities.
The number of employees decreased by 20%, from 380 to 305.
DHL has been operating in Ukraine since 1991, its core business is express delivery and logistics. DHL-Ukraine is part of DHL Group (Germany).
KYIV. March 28 (Interfax-Ukraine) – Agroprodservice Corporation (Ternopil region) will build a soybean workshop with a crushing capacity of 40,000 tonnes, the company has reported on its website.
The workshop will produce soybean cake and unrefined oil. Now the corporation has facilities that can produce 1,400 tonnes of soybean cake every month.
“The decision to expand soybean crushing is linked to the realization of the strategic cattle breeding development plan, as soybean cake use in cattle feeding considerably cuts the cash cost. Soybean oil is actively used to make high-calorie fodder mixes at own plant,” the corporation said.
The corporation’s marketing services have started studying exports opportunities and soybean oil markets.
Agroprodservice will expand soybean planted areas and buy it from farmers.
Agroprodservice Corporation was created in 1999. As a diversified enterprise, it operates in 50 settlements in seven districts of Ternopil and Ivano-Frankivsk regions. The company cultivates 37,000 hectares of land.
