KYIV. July 31 (Interfax-Ukraine) – The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has approved some resolutions required for the transfer of national energy company Ukrenergo to Regulatory Asset Base (RAB) regulation.
The regulator approved the document at a meeting in Kyiv on Thursday.
“This is a full package for the introduction of the incentive based tariff formation for main power lines and state-owned enterprise Ukrenergo… International organizations that actively issue loans to Ukrenergo have been waiting for this package for a long period of time,” NCER Head Dmytro Vovk said.
The regulatory income limit for these companies is set at 12.5%.
Ukrenergo operates trunk and interstate power grids, as well as carries out the centralized dispatching of the united power system of the country. The company is owned by the state and subordinated to the Ministry of Energy and Coal Industry.
KYIV. July 31 (Interfax-Ukraine) – Ukraine’s Health Ministry has signed contracts to procure medicines and medical products using the 2017 national budget funds with three international organizations.
Acting Health Minister Ulana Suprun said at a press conference in Kyiv on Thursday that the contracts for UAH 5.9 billion were signed with the organizations which have already taken part in public procurement – the United Nations Development Program (UNDP), UNICEF and Britain’s Crown Agents.
Suprun said that 98% of medicines, vaccines and medical products have been procured using 2016 budget funds, and 57% of them have been delivered and 44% have been distributed among the regions.
“When we saw old procurement lists we saw out-of-date medicines and the wrong distribution of funds for medicines,” she said.
Suprun also said that it is hard to compile information about the needs in medicines from the regions.
KYIV. July 31 (Interfax-Ukraine) – Vesco, uniting clay mining business of UMG investment company under control of SCM, has launched quarry one of the Zakhidny section of Druzhkivka mine and seeks to boost clay production and sales by 21% in 2017, to 2.9 million tonnes.
The company said in a press release on Thursday that investment in the launch of the new quarry was UAH 10 million.
By the end of 2017, clay production by the quarry could reach 400,000 tonnes.
“The new quarry was launched in the short term over growing demand on clay from our clients. In May our Spain partners visited the enterprise in Druzhkivka. A contract to increase clay supplies was signed during the visit. We quickly attracted technical partners to launch a new quarry of the Novoraiske field, which launch initially was scheduled for 2018, in order to meet the commitments taken to the client,” Vesco CEO Yevhen Tsymarman said.
He said that in 2018, the company intends to invest over UAH 50 million in additional equipment required for development of the quarry. This would allow creating 50 new jobs in Druzhkivka.
Vesco intends to develop the 12th quarry during 20 years.
KYIV. July 31 (Interfax-Ukraine) – The International Finance Corporation (IFC) has decided to invest $15 million in the direct investment fund to support small and medium-size enterprises (SME) in Ukraine, Ukrainian Prime Minister Volodymyr Groysman has said.
“The International Finance Corporation has decided to invest $15 million in the direct investment fund to support SME in Ukraine. I am sure that this step would give a new incentive to develop to Ukrainian businessmen and the economy,” he wrote on his Facebook page on Friday.
He said that assistance to legal business for the sake of the economic growth is a priority for the government.
“Businessmen create the national product and push the economy forward,” the prime minister said.
KYIV. July 29 (Interfax-Ukraine) – Ukroboronprom state concern in 2016 ranked 62nd in the annual rating of the Top 100 of the world’s defense companies composed by the U.S. specialized edition Defense News.
According to data posted on the website of the rating, Ukroboronprom’s revenue from military products sales in 2016 amounted to $1.075 billion, which is 17% more compared to 2015.
A year ago Ukroboronprom ranked 68th in the Defense News rating: the concern’s revenue from military products sales in 2015 stood at $920 million, which is 59.75% more than in 2014.
Three American and Western European arms manufacturers were among the leaders in the Top 100 Defense News rating in 2016: Lockheed Martin (the United States) ranked first with $43.468 billion, Boeing (the United States) ranked second with $29.5 billion, and BAE Systems (Britain) ranked third with $23.62 billion.
According to data provided by Ukroboronprom at the beginning of the year, exports of arms and military and special purpose services by Ukroboronprom enterprises in 2016 increased by 25% compared to 2015, to $756 million. The total net income of Ukroboronprom enterprises in 2016 rose by 31.2% compared to 2015, to UAH 28.3 billion.
KYIV. July 27 (Interfax-Ukraine) – PJSC Khlibprom Concern (Lviv), one of the largest bakeries in Ukraine, in January-June 2017 saw its net profit rise by 1.8 times compared to the same period in 2016, to UAH 5.75 million.
According to a concern report in the information disclosure system of the National Securities and Stock Market Commission, its net income for the first half of the year rose by 7%, to UAH 491.98 million.
Gross profit increased by 4.5%, to UAH 171.8 million, operating profit decreased by 38%, to UAH 23.95 million.
PJSC Khlibprom Concern unites eight production divisions in Lviv and Vinnytsia regions. It owns the following trademarks: Khlibna Khata, VinnytsiaKhlib, Khlib Po-Lvivsky, Liubliana, Bandinelli, and Panerini.
Its core business is production of bread, confectionery and semi-finished bakery goods.
