KYIV. Sept 12 (Interfax-Ukraine) – Prometey group of companies will invest about UAH 20 million in the reconstruction of the newly acquired elevator in Cherkasy region until the 2018/2019 marketing year (MY, July-June).
“In early September Prometey bought an elevator in the village of Khatsky (Cherkasy region). The new elevator with a storage capacity of up to 10,000 tonnes is a complex of warehouses of a floor storage type. The elevator is in non-operating condition. Prometey by the start of the marketing year will invest about UAH 20 million in the renovation of the material and technical base of the elevator,” reads a press release from the group.
It is planned that in the first year of operation the capacity of the elevator in Cherkasy region will increase to 30,000-50,000 tonnes, over the next two or three years to 100,000 tonnes.
As part of modernization, it is planned to update laboratory equipment, repair warehouses, roofs, access roads and internal roads. It is also planned to upgrade the elevator electrification system, shipping points, grain transfer systems, work safety and grain storage systems. There is a railway station nearby, therefore it is planned to build a rail track to the elevator.
“Prometey is constantly developing, increasing the volume of shipment and expanding the geography of its activities. Cherkasy region is the sixth one in which Prometey operates. After the acquisition of an elevator in the village of Khatsky, the total volume of storage exceeded one million tonnes,” Prometey Group Head Rafael Goroyan said.
KYIV. Sept 12 (Interfax-Ukraine) – Ukraine’s Ministry of Economic Development and Trade intends in the near future to begin the development of a medium-term strategy for the development of the automotive industry for five years, which provides for the maximum localization of production in Ukraine, First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said.
“It [the strategy] will envisage the development of the Ukrainian car industry, the creation of jobs in this and related fields of production. The task is to maximize the localization of vehicle production in Ukraine,” he wrote on his Facebook page during a working trip to Cherkasy region.
Kubiv said during the trip he visited the Bogdan Motors plant in Cherkasy, which supplies vehicles for defense needs.
These are special dual-purpose vehicles, including armored tactical vehicles, trucks, all-wheel drive special (sanitary) vehicles, he said.
As reported, according to the Ukrautoprom association, Ukraine in 2016 produced 4,340 cars (23% less than a year earlier), bus production decreased by 64%, to 321 units.
KYIV. Sept 12 (Interfax-Ukraine) – The Ukrainian National Committee of the International Chamber of Commerce (ICC Ukraine) together with the European Bank for Reconstruction and Development (EBRD) and state-controlled Ukreximbank (Kyiv) will hold the Ukrainian forum on trade finance issues entitled “Trends of Trade between Ukraine, Asia and the Middle East” in Kyiv on October 4.
Vice President of ICC Ukraine Ihor Hres said at a press conference at Interfax-Ukraine on Monday that representatives of the government, the National Bank of Ukraine, state and commercial Ukrainian banks, Asian banks and banks of the Middle East will take part in the forum. The target audience of the event is specialists in trade financing in the banking sector, foreign economic activity subjects, transport-expeditionary companies, insurance and legal companies.
The aim of the forum is to reveal the basics of international trade and finance for expanding trade in international markets, acquaint with the international banking practices on the effective use of trade finance instruments. Presentation of participants in the event will be accompanied by interactive case studies and situation modeling.
KYIV. Sept 12 (Interfax-Ukraine) – Ukraine’s trade mission has been launched in Delhi. Negotiations of Ukraine’s Economic Development and Trade Ministry with the Ministry of Commerce and Industry, the Ministry of Shipping and the Ministry of Agriculture of India will be held, according to a posting on Ukraine’s Economic Development and Trade Ministry
“This mission focuses on two sectors: agriculture, engineering and production. Ukrainian goods in these sectors are competitive on the Indian market. We see a large interest to the Ukrainian business,” Deputy Minister of Economic Development and Trade, Ukraine’s Trade Representative Natalia Mykolska wrote on her Facebook page on Monday who chairs the mission.
The ministry said that the main task of the trade mission is to present Ukrainian goods and services on the Indian market. The Export Promotion Office and representatives of Ukrainian business take part in the mission.
We are very honored to invite you to the Kyiv International Economic Forum, a major international conference focused on the future of economic development. It will take place on October 5-6 in Kyiv (Ukraine), under the patronage and with participation of the Prime Minister of Ukraine Volodymyr Groysman.
It is not just an event about or for Ukraine, but an innovative forum that covers the global agenda. KIEF has been envisioned to become a leading discussion platform at an intersection of civilizations based in the capital of the biggest country in Europe.
KIEF 2017 “Ukraine and the World in the New Economic Reality”‘ will be dedicated to the main challenges of the 21st century with focus on the 4th Industrial Revolution, digital and sharing economy, the new age in education and leadership, and sustainable and inclusive economic development.
Each year KIEF gains more and more recognition from the international community, and this year it is expected to congregate over 1,500 participants from business and politics, leading economic experts, social and opinion leaders from Europe, CIS, Asia, Middle East and North America. Over 100 outstanding speakers from more than 20 countries will gather to share their vision of substantial changes needed to enable new approaches to the global economic development.
To find out more about KIEF 2017, program and speakers and to participate in the event please visit and register at www.forumkyiv.org. Also, a short video report about KIEF 2016 is available online
If you have any questions do not hesitate to contact KIEF Organizing Committee: info@forumkyiv.org,+380 44 496 30 38
We look forward to welcoming you at the KIEF 2017!
KYIV. Sept 11 (Interfax-Ukraine) – Holtec International (the United States) in 2023 will start the active phase of building small module reactors SMR-160, President of Ukrainian National Nuclear Generating Company Yuriy Nedashkovsky said at a ribbon-cutting ceremony for a new plant of the company in New Jersey (the United States).
According to a posting on the website of Energoatom, Nedashkovsky said that earlier President of Holtec International Chris Singh made a proposal to Ukrainian President Petro Poroshenko to create a hub in Ukraine to sell small module reactors to Europe, Asia and Africa with localization of production facilities and the large amount of equipment at Ukrainian enterprises.
Nedashkovsky said that Kharkiv-based Turboatom has turbines suiting SMR-160. There is a chance of attracting other Ukrainian enterprises to the project.
He said that the start of licensing of SMR-160 could start in 2018.
He said that SMR-160 reactors are rather cheap compared to more powerful reactors. They can be installed in small areas and do not require powerful lines. Nedashkovsky said that the need in SMR-160 after 2025 is estimated at $1 trillion.
“These reactors have an increased level of safety due to the fact that they use passive safety systems: that is it has no pumping equipment, reinforcement and other things which require external power supply,” the president of Energoatom said.
The plant, built by Holtec in New Jersey, is mainly focused on two spheres: production of container fleet for spent nuclear fuel, as well as vessels for small modular reactors of the SMR-160 project.
