Head of JSC Ukrzaliznytsia Volodymyr Zhmak does not see the need for further purchase of diesel locomotives of the U.S. General Electric.
“As for cooperation with General Electric, today I do not see the need for further purchase of General Electric diesel locomotives. Our goal is to switch to electric locomotives, since it is much more cost efficient,” he said at a press conference on Thursday.
He said that Ukrzaliznytsia has eliminated the shortage of locomotives. “We have the first small achievements. For almost one month since the start of work, we have managed to eliminate the shortage of locomotives,” he said.
According to him, today, for the first time in a long time, Ukrzaliznytsia satisfies all transportation needs.
“There is not a single request for transportation that Ukrzaliznytsia did not satisfy. The market saw that we can transport. We can ship everything and do it quickly,” he added.
Ukraine International Airlines (UIA, Kyiv) has decided to terminate the activities of structural divisions in Switzerland, Spain, Italy, Germany and Austria due to staff reductions.
This decision was made in connection with the reduction of the staff of UIA and the reduction in costs for representative offices, the company said in the information disclosure system of the National Securities and Stock Market Commission.
In particular, the UIA Supervisory Board decided to terminate the activities of UIA structural divisions in the Swiss Confederation, in the Kingdom of Spain, in the Italian Republic, in the Federal Republic of Germany and in the Republic of Austria.
As reported, UIA ceased operations of its divisions in Turkmenistan, Uzbekistan and Belarus in September.
Kyiv Sikorsky International Airport is completely ready to work in winter.
According to the press service of Kyiv City State Administration (KCSA), with reference to its deputy head Oleksandr Hustelev, the existing snow-clearing equipment was checked, deicing materials were prepared.
“We have 36 units of snow removal equipment, which will be used to combat snow and icing. Anti-ice treatment is almost the most important component of aviation safety. To prevent ice formation on the fuselage, surface and tail of the aircraft, deicers are used – a technique for treating aircraft with liquid from ice, installations for heating the aircraft and attachments,” he said.
According to him, 70 tonnes of granular and 88 cubic meters of liquid anti-ice reagent were prepared to combat ground icing on all types of airfield pavements. The equipment of boiler houses, heating and power grids is completely ready. In addition, the lighting equipment was repaired and prepared for operation in winter.
The airport fleet has a runway friction meter, sand and liquid chemical applicators, snow and wind machines, as well as garbage trucks and tractors, bulldozers, graders, loaders.
Over the past few years, the airport has acquired five new units of snow removal machinery.
The net profit of Ukrgasbank (Kyiv) in January-September 2020 amounted to UAH 685.19 million, which is twice as much as in the same period of 2019 (UAH 346.98 million), according to the bank’s quarterly reports posted on its website.
According to it, in the third quarter Ukrgasbank’s net profit amounted to UAH 248.01 million, which is 3.5 times more than in July-September 2019 (UAH 70.99 million).
This growth in the indicator for the first nine months of 2020 is due to the bank’s positive result under the item “changes in expected credit losses on other assets and other reserves” (UAH 167.88 million), while last year this indicator was negative (‘minus’ UAH 587.28 million).
The bank’s net interest income (after payments for credit losses) for the nine months decreased by 10.9% compared to the same indicator a year earlier, to UAH 1.28 billion, net and commission income increased by 17.3%, to UAH 868.7 million.
Ukrgasbank’s assets in the nine months increased by 32.1%, to UAH 157.36 billion, in particular loans to customers and finance lease by 9.8% (to UAH 42.81 billion), while cash and cash equivalents decreased by 17.9% (to UAH 38.12 billion).
In addition, the bank’s investments, which are valued at a fair value through other comprehensive income, increased by 2.4 times over this period, to UAH 72.61 billion, and investment property decreased by 1.5 times, to UAH 151.65 million.
The French group AgroGeneration with assets in Ukraine received EUR 5.46 million of net loss in the first half of 2020, which is 68.8% less than in the same period last year.
According to a report on the group’s website, income decreased by 13% to EUR 9.47 million in the reporting period. AgroGeneration received EUR 2.48 million of gross profit in January-June 2020 against EUR 5.57 million of gross loss in the same period previous year. The company reduced its operating loss from EUR 10.76 million in the first half of 2019 to EUR 340,000 in January-June 2020.
EBITDA was positive in the first half of 2020 and amounted to EUR 2.83 million against EUR 7.77 million negative in January-June 2019.
The group’s net debt as of June 30, 2020 amounted to EUR 37.18 million against EUR 50.78 million on the same date last year.
The company noted that since the beginning of the year, AgroGeneration has sold all the harvest remaining in stocks from the 2019 season. As of the date of the report, the company had completed the 2020 harvest, which included 100% of early crops, mainly winter wheat, and 100% of late crops, represented only by sunflower.
The Antimonopoly Committee of Ukraine (AMCU) fined the Ukrainian industrial company Interpipe UAH 69.3 million for violating antimonopoly legislation.
“Today, on October 29, 2020, the Ukrainian industrial company Interpipe has received a fine from the AMCU in the amount of UAH 69.3 million for violating antimonopoly legislation. According to the decision of the AMCU, the fine was imposed in connection with the abuse of a monopoly position in the wheel supply market,” the company’s press release reported on Thursday.
At the same time, Interpipe officially declares that it categorically disagrees with such decision of the AMCU and intends to contest this decision in court.
“As a national producer, we consider the AMCU’s decision to be unfair and unreasonable, taken not on the basis of facts, but on assumptions. The Ukrainian market is open to producers from other countries, and there are no protective duties on the market,” the press release emphasizes.
At the same time, it is noted that by submitting such complaints to the AMCU, unscrupulous competitors are trying to discredit the national manufacturer in order to ensure the supply of products of Russian manufacturers to Ukraine.
The statement also recalls that unlike the Ukrainian market, the Russian Federation protected its market from Ukrainian wheels with a 39% protective duty.
