Business news from Ukraine

FUHRLANDER WINDTECHNOLOGY STARTS PRODUCING 3.2 MW WIND TURBINES

KYIV. May 22 (Interfax-Ukraine) – Fuhrlander Windtechnology LLC (Kramatorsk, Donetsk region) has started producing 3.2 MW wind turbines, the company has reported on its website.
“Fuhrlander Windtechnology has made the first 3.2 MW wind turbine in Ukraine. It will be sent to Prychornomorsky wind farm located in Mykolaiv region. Earlier the enterprise produced and supplied several 2.5 MW wind turbines for the farm,” the company said.
Fuhrlander said that production of over 50% of wind turbines is localized in Ukraine. Kramatorsk enterprises Energomashspetsstal, KZTS and NKMZ are involved in the production cycle.
Fuhrlander Windtechnology is the only Ukrainian producer of modern wind turbines. It is engaged in construction of wind farms. The company produces turbines at the production facilities of KZTS.
Since 2010 Fuhrlander Windtechnology has built (using its own equipment) seven wind farms in Ukraine and one wind farm in Kazakhstan.
Beneficiaries of Fuhrlander Windtechnology LLC are the co-owner of ISD Corporation Oleh Mkrtchan and MP Maksym Yefymov (Petro Poroshenko Bloc).

UKRAINE WILL OFFER CHINA LOCALIZATION OF PRODUCTION OF ELECTRIC LOCOMOTIVES

KYIV. May 22 (Interfax-Ukraine) – Ukraine intends to offer China production of electric locomotives with the maximum possible localization in its territory.
According to an Interfax-Ukraine correspondent, Deputy Minister of Infrastructure for European Integration Viktor Dovhan said this at a press conference on the results of the visit of the Ukrainian delegation to the People’s Republic of China in Kyiv.
“Chinese experts in June will come to us, to Ukrzaliznytsia to work out a mechanism for auditing and investing investment in electric locomotives, supply an electric locomotive sample,” he said.
Speaking about the past testing of a locomotive manufactured by General Electric, Dovhan reported on the creation of a joint project group between GE, Ukrzaliznytsia and the Ministry of Infrastructure of Ukraine: there is a plan to enter the investment project within a year.
As reported, the U.S. company General Electric Transportation is interested in investing in Ukraine, in particular in the modernization of the rolling stock of the Ukrainian railways.
Prior to that, General Electric on July 21, 2016 signed memorandums of cooperation with the state-owned enterprise Antonov and Ukrzaliznytsia.

NOVA POSHTA, NIBULON, ASTARTA, AGROMARS, UKRSIBBANK, DE NOVO, ANOTHER 40 COMPANIES SIGN DECLARATION OF INTEGRITY

KYIV. May 22 (Interfax-Ukraine) – The council of the business ombudsman, with the support of the European Bank for Reconstruction and Development (EBRD) and the Organization for Economic Cooperation and Development (OECD), has presented the Ukrainian network of integrity and compliance, a new initiative for business that seeks to work transparently.
According to an Interfax-Ukraine correspondent, 46 Ukrainian and international companies in Kyiv on May 19 signed a declaration of integrity and will jointly form the principles and rules of the network.
The declared goal of creating the network is to promote the idea of ethical and responsible business doing: the network member companies agree to maintain an impeccable business reputation and constantly improve standards of integrity in accordance with the best world practices.
It is assumed that the network members will work together to assess anti-corruption risks for implementing compliance programs in their organizations, attract business representatives to discussing principles of integrity, increase interest in transparent business doing among market participants, and regularly confirm the level of their integrity.
Business Ombudsman Algirdas Semeta, who initiated the creation of the network, informed the agency its participants plan by mid-autumn to work out a model within the framework of which they will confirm and verify the fulfillment of commitments undertaken within this initiative.

CHINA INTERESTED IN FTA, VISA-FREE REGIME WITH UKRAINE – POROSHENKO’S REP IN VERKHOVNA RADA

KYIV. May 22 (Interfax-Ukraine) – The People’s Republic of China is interested in creating a free trade zone (FTA) and establishing a visa-free regime with Ukraine.
The president’s representative in the Verkovna Rada, a member of the Petro Poroshenko Bloc faction Iryna Lutsenko informed about this during a briefing in Kyiv on Friday devoted to the recent visit of the Ukrainian delegation to China to participate in the high-level dialogue within the framework of the One Belt, One Road Forum, an Interfax-Ukraine correspondent reported.
“China does not restrict only on economic cooperation. It was said that China is interested in the initiative to create a free trade zone and establish a visa-free regime,” she said.
According to Lutsenko, today about 100 million Chinese citizens have the opportunity to travel to Europe, including Ukraine.
“This fact cannot but interest our tourist business, our hotels, enterprises, cafes, restaurants, etc. China is interested in Ukraine, it shows great preference towards it,” Lutsenko said.
As reported, the Upper House (Senate) of the Canadian parliament voted for a free trade zone with Ukraine on May 18.

URBAN EXPERTS WILL DEVELOP PROJECT OF UKRAINE’S LARGEST TRADE CENTER

KYIV. May 19 (Interfax-Ukraine) – Urban Experts & Leslie Jones Architecture (Kyiv) will act as a general designer of the largest trade and entertainment center in Ukraine with an area of 450,000 square meters.
According to the company’s press service, the trade center will be located in Holosiyevsky district of Kyiv and will become one of the largest shopping centers in Europe.
“The architects of Urban Experts & Leslie Jones Architecture will perform a full-stage design of the shopping center on the basis of the concept developed by the partner consulting company NAI Ukraine,” the report said.
Urban Experts was founded in March 2016 by the former managing partner of Ukrainian Trade Guild (UTG, Kyiv), Vitaliy Boiko.
The company is the exclusive partner of Leslie Jones Architecture international architectural bureau in Ukraine. It provides architectural services of the world level in all segments of real estate in Ukraine, Eastern Europe, the CIS, and the Baltic states.
Urban Experts cooperates with the leaders of the Ukrainian real estate market, including UDP, KAN Development, Mandarin Plaza, Kyivmiskbud, Bank Arkada, Argo Real Estate Fund and others.

STRATEGY OF UKRZALIZNYTSIA’S DEVELOPMENT UNTIL 2021 FORESEES UAH 130-150 BLN INVESTMENT IN MODERNIZATION – BALCZUN

KHARKIV. May 19 (Interfax-Ukraine – The strategy of development of PJSC Ukrzaliznytsia for 2017-2021 provides for a comprehensive modernization of rolling stock and infrastructure, company chairman Wojciech Balczun has said.
“In the next five years we plan to invest UAH 130-150 billion,” he said at a press conference in Kharkiv.
According to him, in particular, it is planned to upgrade 30% of the fleet of freight cars and locomotives, 45% of passenger carriages.
It is expected investments in the freight transportation sector will amount to more than UAH 28 billion, which will allow buying 20,000 new wagons and modernizing 50,000 already available. In addition, UAH 9 billion is expected to be used to purchase 400 passenger carriages, UAH 11 billion for the purchase of electric trains, UAH 3.5 billion for diesel trains and more than UAH 10 billion for the modernization and repair of the existing rolling stock. As for traction rolling stock, it is planned to purchase more than 200 new locomotives (UAH 30 billion) and modernize the existing ones (UAH 9.5 billion).
The strategy, which the management presented to the staff of the regional branch of PJSC Ukrzaliznytsia, provides for the continuation of reforming the industry by building a vertically integrated structure. In particular, it is planned to create companies not on a regional basis, as it was before, but on the areas of activity: freight transportation and logistics, passenger carriage, infrastructure, traction services, production and service. All these companies are expected to be created during 2017-2019.