Business news from Ukraine

DEZEGA HOLDING UKRAINE STARTS SUPPLIES OF MINE RESCUE EQUIPMENT TO THAILAND

equipment, has supplied a batch of compact self-contained self-rescuers worn on a belt to Thai Kali Company Limited, the press service of the holding has reported.

The press service said that Thailand is the second country in Southeast Asia after Hong Kong and the 19th market in the world where the products of the Ukrainian producer are sold.

The Ukrainian self-rescuers will be used during construction of a new mine in Thailand. The mine will be launched early 2017.

The cost and the size of the batch are not disclosed. It is a pilot batch.

“If positive references are received, the company can have new orders with the mine being launched and the number of workers increased,” the press service said.

The company confirmed that Donetsk Mine Rescue Equipment Company (DZGA) produces equipment.

“The plant in Donetsk is operating under Ukrainian law. It is included in the list of strategic enterprises that have permits to operate, supply products and materials by rail from/to the territory beyond control of the Ukrainian government. DEZEGA Holding has all permits from Ukrainian supervising authorities,” the company said.

The production facilities of the holding are also located in Russia (Ozon company, Orenburg region) and Turkey (Izmir).

The R&D center operates in Cherkasy.

The press service said that today the main markets to sell products are South Africa, CIS countries, India, Turkey and Poland. Starting from 2014, the Ukrainian market’s share of the total order portfolio decreased from 50% to 10%.

“We see a growing interest to our products in Asia where requirements to the quality and reliability of equipment are high. It is important for us to have positive references from Thailand and Hong Kong to expand cooperation with leading global mining consortiums in Asia and other countries,” the press service said, citing Board Chairman of DEZEGA Holding Ukraine Anton Sakovych.

According to DEZEGA Holding Ukraine, its global self-rescuers market share is 40%. The company has official representative offices in six countries.

UKRAINE PREPARING TRANSFER OF CYCLONE 4 LAUNCH OPERATIONS TO NORTH AMERICA

KYIV. Sept 6 (Interfax-Ukraine) – Ukraine is working out plans to establish the Cyclone 4 launch vehicle complex being built jointly with Brazil at Alcantara space center in North America.

SpaceRef portal has reported that Ukraine’s Pivdenne Design Bureau (Dnipro) has been authorized by the State Space Agency of Ukraine to proceed with a new international launch complex and operations in North America based on the existing Cyclone 4 rocket.

The search has begun for business and investment partners to develop the launch infrastructure and conduct sales, marketing, and mission management. On site assessments have already been conducted in Canada and the United States for possible launch complex locations.

According to the bureau’s assessments, the all Ukrainian vehicle will offer highly competitive pricing in this launch class along with reliable launch services, and eliminate the need for US customers to seek waivers for the use of other launch service providers. Operating from North America will provide operational convenience with negligible export control issues for customers, SpaceRef reported.

The Cyclone family of vehicles have launched successfully 221 times.

Cyclone 4 launch service target pricing will be $45 million (all inclusive) for 3,700 kg payloads to sun synchronous orbit.

“The Cyclone 4 launch vehicle design is complete and the first flight vehicle manufacturing is nearly complete and will be ready for launch shortly. It’s estimated that with sufficient and timely funding the launch site construction will take 2.5 years since the ground systems are also designed and partially manufactured,” SpaceRef reported.

In 2003, Ukraine and Brazil signed a long-term cooperation agreement to build the Cyclone-4 launch vehicle to deliver spacecraft to geostationary transfer and low and medium Earth orbit from the Alcantara Launch Center.

In summer 2015, the agreement was denounced by Brazil. The decision took effect in summer 2016.

GEOLOGY SERVICE: U.S. AVELLANA GOLD WILL MINE POLYMETALS IN ZAKARPATTIA

KYIV. Sept 5 (Interfax-Ukraine) – U.S. Avellana Gold has acquired a number of companies holding licenses for production and exploration of polymetallic ores in western Ukraine and is negotiating the practical implementation of a project for extraction of metals, the State Service of Geology and Natural Resources has said.

“Today we are fully aware of the geological and operational risks of the project, the high demands of local communities as for environmental friendliness, as well as the actual inability to attract long-term debt capital to the country with a pre-default rating,” Avellana Gold head and shareholder Brian C Savage said.

According to a press release, the service management has recently held a formal meeting with the company representatives in order to discuss the basic conditions of cooperation and obtaining guarantees of its long-term period.

Savage said Avellana Gold would like to receive a signal from the government that the country really needs a big project for extraction and enrichment of polymetallic ores and guarantees of stability of license conditions and regulatory rules in the sphere of subsoil use.

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UKRAINE COULD INTRODUCE PUBLIC HEALTH INSURANCE FROM 2017 – DEPUTY HEALTH MINISTER

KYIV. Sept 5 (Interfax-Ukraine) – Ukraine could from 2017 introduce a system of public health insurance, Deputy Health Minister Pavlo Kovtoniuk has said.

“We have to implement a system of national health insurance in 2017,” he said at a briefing in Kyiv.

According to Kovtoniuk, the Health Ministry plans in the near future to represent a plan of introduction of the national health insurance system.

“This plan is very cumbersome. It involves serious changes in the regulatory framework, including laws, adoption of resolutions by the Cabinet,” the deputy minister added.

Kovtoniuk expressed hope for fruitful cooperation with the profile parliamentary committee and joint development of changes to legislation.

“The profile committee has developed bills. We agree on some of them and see opportunity for cooperation. The main thing we are united with the committee in the need to introduce a national health insurance system,” he said.

UKRAINE, GERMANY DISCUSS LAUNCH OF EUR52 MLN PROJECTS OF SOFT LOANS FOR HOUSING FOR IDPS – OFFICIAL

KYIV. Sept 5 (Interfax-Ukraine) – The governments of Ukraine and Germany are discussing the possibility of launching projects of soft loans for housing for internally displaced persons (IDP) for EUR52 million, the minister for the temporarily occupied territories and internally displaced persons of Ukraine, Vadym Chernysh, has said.

“We together with Germany’s credit institution KfW are discussing a separate project not to just gift housing and make some kind of “social ghettos” but provide IDPs with the possibility of buying it at a low rate or paying by installments,” he said on the air of TV Channel Five.

He noted the issue is being discussed at the level of the governments of Germany and Ukraine and the matter concerns about EUR52 million.

The minister said at present the issue of providing IDPs with housing has not been resolved, while the previous project of villages consisting of block houses, which other countries provided to Ukraine, failed because due to no jobs in such villages the crime rate was rapidly growing there.