Ukraine International Airlines (UIA, Kyiv), a leading airline in the country, tentatively saw UAH 304.5 million of net loss in 2017 compared with UAH 387.885 million of net profit in 2016. The information is outlined in the agenda of the general meeting of the company’s shareholders scheduled for April 25, 2018.
The company’s assets as of December 31, 2017 were UAH 4.222 billion, which is 16.2% more than a year ago.
Total bills receivable grew by 6%, to UAH 1.763 billion, and uncovered loss – by 12%, to UAH 2.834 billion. Noncurrent liabilities fell by 28%, to UAH 550.9 million and current grew by 21.1%, to UAH 6.214 billion. Net worth last year rose by 12.6%, to UAH 2.542 billion.
Ukraine International Airlines was founded in 1992. It connects Ukraine with more than 50 cities and key points in Europe, Asia, America, Africa, the Middle East and the CIS countries and provides connection with the routes of partner airlines in more than 3,000 cities of the world. UIA performs more than 1,100 regular flights a week.
Private joint-stock company APK-Invest (Donetsk region), a large pork producer in Ukraine, would retain the current structure of owners and plans large expansion, the owner of the company, Borys Kolesnikov, has told Interfax-Ukraine. “No sale of APK-Invest company. On the contrary, the company plans to expand pig numbers to 1 million, while today it has 570,000 pigs,” he said.
Kolesnikov said that APK-Invest also plans to introduce several new technologies in agriculture that are widely used in Western Europe and the United States, but they are new not only for Ukraine, but for many countries of Eastern Europe.
According to an announcement of the company made on March 21 on holding of the annual general meeting of its shareholders on April 23, APK-Invest saw UAH 889.09 million in net profit in 2017, and UAH 36.52 million will be sent to pay dividends and UAH 849.78 million for development.
Total costs of assets grew by 16.7%, to UAH 5.157 billion and net worth rose 1.5-fold, to UAH 3.178 billion.
As for the report of the Antimonopoly Committee of Ukraine on the provision of preliminary conclusions on the necessity of receiving a permit to buy shares in the company by individuals, Kolesnikov said that this is internal restructuring of APK-Invest, which would not affect the ownership structure. 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.
Danish BankeElectromotive and Lutsk Automobile Plant No. 1 of Bogdan Motors have signed contract for engineering (designing of the structural model) and production of trucks for collecting waste by municipalities of cities and towns all over the European Union. Bogdan Corporation said in a press release that the company seeks to produce at least 15 electric trucks for Denmark in 2018. In general, the need of BankeElectromotive is around 200 trucks a year.
The first trucks will be manufactured this summer. If its tests are successful, bulk production of trucks for Western Europe will begin this year.
Director of the automobile plant Dmytro Pysany said that the signing of the contract with the western European company is confirmation of high skills of specialists of the Bogdan Motors design bureau.
BankeElectromotive designs and produces electric trucks for urban use and spare parts for them for the EU market. “The issue of electric transport for Bogdan Motors is not new. The enterprise has experience in manufacturing modern trolleybuses for Ukraine and Europe, electric buses for Poland and electric bus bodies for France,” the corporation said.
The corporation reminds that it will also manufacture the bodies for electric buses of the French company Bluebus. The parties signed the contract. Under the first contract, the Ukrainian manufacturer will supply five 12-meter bus bodies to Bluebus. The customer will receive them before the end of May. Bogdan expects to extend the contract and deepen cooperation in the future.
Fuhrlander Windtechnology LLC (Kramatorsk, Donetsk region) intends to produce 17 wind turbines for Ukrainian wind farms in 2018, deputy director for commercial issues Yuriy Shevchenko has told reporters during a visit to Kramatorsk organized by Ecodiya (Ecoaction) and Germanwatch.
“Last year only three units were built. This year we plan to manufacture 17 turbines. The customers are our Ukrainian investors,” he said.
Shevchenko added wind turbines will have different installed capacities: 2.5 MW, 3.3 MW, 3.5 MW, 4 MW and, possibly, 4.5 MW.
“These turbines will be mostly used at wind farms in Mykolaiv region. In addition, one of them is to be installed in Kramatorsk, on the Karachun mountain (later this wind farm will be expanded). In addition, it is planned to install one wind turbine of 4 MW in Kaniv (Cherkasy region),” he said.
According to Shevchenko, the cost of 1 MW of capacity of wind turbines produced by Fuhrlander Windtechnology is about EUR1 billion. For a 4 MW unit, this figure should be lower, at a level of EUR800-850 million.
Fuhrlander Windtechnology is the only manufacturer of modern wind power plants in Ukraine. It is engaged in construction of wind farms. The company produces goods on the site in Kramatorsk.
The Cabinet of Ministers of Ukraine at a meeting on March 21 approved the state targeted economic program for the development of public roads for 2018-2022.
According to the program, its total funding is UAH 298.349 billion, of which UAH 178 million at the expense of the State Road Fund, and UAH 113.8 billion at the expense of other sources.
Presenting the program at a government meeting, Head of the State Agency of Automobile Roads of Ukraine Slawomir Nowak said that in five years it is planned to connect all the regional centers of the country with high-quality roads.
“I just want to note: we plan to gradually move away from the current repairs and carry out overhauls, reconstruction and new construction. This requires more professional preparation of project documentation, more preparation and competition between construction organizations,” he said.
According to the expert, half of public roads in Ukraine, i.e. about 20,000 km, can be repaired by the end of 2022.
