The volume of sold industrial products (goods, services) in January 2018 stood at UAH 204.197 billion, which is 28.1% more than in January 2017, in particular the volume sold abroad was worth UAH 59.119 billion (an increase of 48.1%), the State Statistics Service has reported. According to the agency, in January 2018 compared to January 2017 the index of turnover of sold production in mining and quarrying grew by 7.7%, in processing industry by 33.8%.
In the total volume of sales, the largest share accounted for the supply of electricity, gas, steam and air conditioning (25.7%), metallurgical production (18.9%), production of food, beverages and tobacco goods (17.7%), and mining and quarrying (14.2%).
As reported, in 2017 industrial products (goods, services) worth UAH 2.153 trillion were sold, which is 21.9% more than in 2016.
The adoption of the draft law on currency developed by the National Bank of Ukraine (NBU) will facilitate the inflow of foreign direct investment (FDI) into the country, Oleh Churiy, the deputy head of the central bank, has said.
“We believe that the adoption of this law will certainly promote such an inflow, since we will first of all bring our legislation in correspondence with European standards, it will fully comply with these principles and this will indicate that we are finally moving towards free capital movement, removing many restrictions that are currently ineffective and inhibit the inflow of foreign investments. I think this will be a very positive factor in terms of inflow of not only foreign investments but also from the point of view of even domestic investments,” he said at a press conference in Kyiv.
Churiy also said that the entry into force of the law on currency would not affect the situation in the market.
“Regarding its influence on the balance of payments: we have our simultaneous process – it is currency liberalization. Of course, this should not affect the market situation, since when we lift restrictions, we will also be guided by our plan for currency liberalization. At the same time, if the law is passed, we will be able to immediately remove the norms that affect the business climate. That is, after the adoption of this law, I think the situation will improve much in terms of effectiveness of currency legislation on the one hand and, on the other hand, there will not be any negative impact on the market situation,” he said.
Enterprises of the aerospace sector in Ukraine increased production by 26.3% in 2017, to UAH 4.6 billion.
Sales last year grew by 24% and export – by 8.1%, according to a report of the head of the State Space Agency of Ukraine (SSAU) for 2017 posted on the agency’s website.
According to the report, in 2017, the sector enterprises produced and sold products for over UAH 4.6 billion. Total volume of gross products was over UAH 5.4 billion.
SSAU currently manages 26 enterprises and organizations of the aerospace industry.
The national budget for 2017 announced UAH 2.91 billion of financing the aerospace industry, or 14.2% less than in 2016. In the total amount of financing, 61.5% of the funds from the national budget’s general fund are envisaged for paying on debt obligations on previously attracted loans for the implementation of international industry projects.
Germany’s abrasives manufacturer Klingspor plans to relocate some production processes from France to Velyki Mosty in Lviv region in 2018, the press service of Lviv Regional Administration has reported.
“In the past four years alone, the company has invested more than EUR 7 million in the plant in Lviv. The company has built production, warehouse and administrative premises with a total area of 6,700 square meters in the town of Velyki Mosty, employing more than 200 people. It is planned to move some of the production processes from France to Ukraine,” the administration said.
According to the regional administration, the company produces more than 50,000 articles for treating surfaces and cutting materials.
Klingspor was founded in 1893 in Germany. In Ukraine, Klingspor LLC began its operations in 2008.
Germany’s Polipol could build an upholstered furniture plant in Lviv region with 1,000 new jobs, according to a posting on the website of Lviv Regional Administration.
The plans were announced at a meeting of German investors with Head of Lviv Regional Administration Oleh Syniutka.
“More than 80 new production facilities were opened last year in the region. We actively invest in infrastructure, roads, social infrastructure. Lviv region is also the best in terms of exports. If you decide to invest in Lviv region, we will ensure all conditions for you to feel yourself comfortable,” the press service said, citing Syniutka.
As the representative of the Polipol company in Ukraine, Herbert Wittwer, said, it could take from one to four years to implement the project, and eventually it is planned to create 1,000 jobs.
“We need a land parcel of 20 hectares. Education is important. We are ready to train employees and create conditions for workers not to migrate. The salary we are ready to offer is EUR 500-600,” Wittwer said.
In turn, Syniutka said that there are enough land parcels of a large area in Lviv region. He acquainted German investors with the existing enterprises in the region – Leoni, Bader, Fujikura, which are successfully developing.
Syniutka said that there is enough workforce in the region, as well as technical educational institutions that are training skilled workers.
The sides decided to study the land parcels in the region and determine the possible options for locating the future enterprise.
Polipol, founded in 1990, according to information on its website, currently has more than 5,000 employees in Germany and abroad. The range of upholstered furniture includes 300 models and 150 television seats. The annual turnover of the company is more than EUR 400 million.
