KYIV. Dec 27 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) on December 26 signed an agreement with Electroavtotrans (Ivano-Frankivsk) municipal public transport operator providing a loan of up to EUR 8 million for the acquisition of 35 new low-deck trolleybuses, the rehabilitation and modernization of a trolleybus depot and the extension of the existing electric transport network, the press service of the EBRD has reported.
“The EBRD is extending more resources to support the renewal of rolling stock in municipalities across Ukraine in the context its Ukraine Public Transport Framework. The latest project under the facility, which was approved in 2015 and designed to help replace ageing municipal transport infrastructure, is a loan of up to EUR 8 million to Electroavtotrans, the municipal public transport operator in the western Ukrainian municipality of Ivano-Frankivsk,” the bank said.
The loan will be supported by a grant of up to EUR 1 million by the EBRD Shareholder Special Fund.
“The new trolley buses, which will be purchased in 2017 following a transparent procurement process, will be 25 per cent more efficient than the current ones, most of which have reached the stage of full depreciation. The new fleet will also be more energy efficient and environmentally friendly,” the bank said.
The EBRD is the largest international financial investor in Ukraine. To date, the Bank has made a cumulative commitment of almost EUR 12 billion through 369 projects since the start of its operations in the country in 1993.
KYIV. Dec 27 (Interfax-Ukraine) – PJSC Ukrzaliznytsia in the draft consolidated financial plan for 2017 foresaw earnings from operations in the amount of about UAH 84 billion, which is 10.9% more than the expected data for 2016, while income from freight and passenger traffic is projected at the level of UAH 75.2 billion, and the share of revenues from transportation is almost 90%.
The press service of the company told Interfax-Ukraine income from operations for 2016 are expected in the amount of UAH 75.7 billion, which is 3.5% less than the target, while income from traffic is set at UAH 61.6 billion, which is 7.5% less than the plan. This decrease in revenues is expected mainly due to the non-fulfillment of transit traffic volumes (a 36.5% fall).
“As a consequence, the activity of PJSC Ukrzaliznytsia in 2016 is expected to have positive financial result. This figure is affected by the hryvnia devaluation, which leads to additional costs for exchange differences on foreign currency liabilities,” Ukrzaliznytsia said.
As reported, with reference to Ukrzaliznytsia chairman Wojciech Balczun, Ukrzaliznytsia over the year will reach profit in the range of UAH 300 million.
KYIV. Dec 27 (Interfax-Ukraine) – MetaBank (Zaporizhia) is increasing charter capital by UAH 60 million, or 49.97%, to UAH 180.063 million by issuing additional shares, the bank said in the information disclosure system of the National Commission on Securities and the Stock Market.
According to the report, the bank’s shareholders at a general meeting on December 26 decided to increase charter capital.
Shares will be placed at par value, which amounts to UAH 34.75 per share, with the market value being UAH 12.43 per share.
MetaBank was founded in 1993.
The main shareholders of the bank on January 1, 2016 were Larysa Nosyk (32.49%) and Meta-Metalurg LLC (24.6%).
The bank ranked 65th among 100 operating banks in the country on October 1, 2016 by total assets (UAH 647.974 million), according to the National Bank of Ukraine.
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KYIV. Dec 26 (Interfax-Ukraine) – Etalon Corporation intends to start producing buses for the Ukrainian market at Chernihiv automobile plant from January 10, 2017 (in 2016 the plant was almost idle). The plant will produce around 25 buses a month, Etalon Corporation President Volodymyr Butko has said.
“Today we have paid for around 140 bus kits and with our pace we would have work for the first half of the year. Today the plant is optimistic. We are attracting workers to start bus production at Chernihiv automobile plant on the Ashok Leyland chassis,” Butko told Interfax-Ukraine.
He said that 8, 9 and 9.5-meter buses will be made. From April the plant would start mass production of city buses with low-deck rear platform for people on wheel chairs.
He said that the corporation hopes that the bus market would stir up and the plant would not produce buses for warehouses.
This year the plant made only 10 trolleybuses and two buses on DAF units and sold over 200 vehicles.
Butko said that this year the model range has been significantly upgraded.
Etalon Corporation units 21 enterprises, including two automobile plants in Boryspil and Chernihiv.
KYIV. Dec 26 (Interfax-Ukraine) – Ukraine and Belarus have prepared a roadmap for the development of cooperation in 2017-2020, in which the priority is the development of engineering projects, the press service of the Ministry of Economic Development and Trade has said.
According to the report, Deputy Minister of Economic Development and Trade of Ukraine Yuriy Brovchenko and Deputy Industry Minister of Belarus Dmitry Korchik met on December 23 to discuss the development of industrial cooperation between the two countries.
“The development of cooperation in the field of engineering is one of the main priorities of Ukrainian-Belarusian cooperation. The prepared roadmap for the development of cooperation for 2017-2020 reflects primarily engineering projects, in particular production of tractors, grain and forage harvesters, wagons, construction and municipal machinery,” Brovchenko said.
It is planned Ukraine and Belarus will jointly produce trolleybuses, expand the range of lifts of total production.
It is also planned to organize a number of joint ventures, in particular, for production of agricultural machinery, together with Gomselmash holding.
According to the ministry, in January-August this year the trade turnover between Belarus and Ukraine totaled $2.3 billion, which is 9% more than in the corresponding period last year.
