Ukraine, within the framework of an agreement with the Turkish company Bayraktar on the location of the production of unmanned aerial vehicles (UAVs) in the country, is looking for an appropriate site for the enterprise, Deputy Prime Minister for Strategic Industries Oleh Urusky has said.
“The Turkish side is ready to make an investment. They need a platform from us meeting the appropriate requirements, on which they will build an enterprise that will eventually produce these vehicles,” he said at a press conference in Kyiv last week.
Urusky said that the Turkish side presented such an updated approach recently, and earlier it was ready to start production at one of the enterprises of Ukroboronprom.
The deputy prime minister said that Ukrainian engineers and designers will work at the Bayraktar enterprise in Ukraine, and it will receive the right to sell UAVs both in the Ukrainian and other markets.
Urusky also said that the possibility of joint production of mobile anti-tank missile systems with Turkey and the organization of a joint venture for the production of aircraft engines in Turkey for both UAVs and helicopters and a possible Turkish advanced combat aircraft are being considered.
The deputy prime minister said that the general principle is: “If their products are localized with us, our products are localized with them.”
“We envisage that several joint ventures will be created, including in the maritime area,” Urusky said. He said that the Ministry of Defense of Ukraine is interested in Turkish corvettes, detailed negotiations have not yet taken place, but the first corvette can be built in Turkey, and the rest at a Ukrainian enterprise.
Naftogaz Group received a feed-in tariff and a license to sell electricity for a new solar power plant in Chudniv, Zhytomyr region.
As the group reported on Wednesday, October 21, the planned volume of productive electricity supply for the first year of solar plant operation, built in September 2020, will amount to at least 36,500 MWh with an expected income of more than UAH 153 million.
Naftogaz clarified that the peak capacity of photovoltaic modules is 33.313 MW, and the capacity at the connection point is 25 MW.
The release states that the plant uses graphene-coated monocrystal photovoltaic modules with one of the highest capacity in its class of 430 W from ZNSHINE PV-Tech Co., as well as SUN2000-185KTL string inverters from Huawei.
“All support elements of equipment and materials are of Ukrainian origin,” the company noted.
“According to the company’s forecasts, the reduction of greenhouse gas emissions, in particular, carbon dioxide, will be at least 880,000 tonnes. In addition, the project encourages the economic development of the local community, as only Ukrainian specialists, including local residents, were involved in the construction of the solar power plant,” first deputy chairman of the board of NJSC Naftogaz Ukrainy Serhiy Pereloma explained.
National bank of Ukraine’s official rates as of 26/10/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of October 26
One troy ounce=31.10 grams
Unscrupulous agricultural producers, amid a low harvest, are trying to disrupt the previously concluded forward contracts for the supply of grain, which could collapse the grain market of Ukraine and provoke disastrous results both for the agricultural sector and for the country’s economy as a whole already in the current marketing year, Ukrainian Grain Association (UGA) President Mykola Horbachev believes.
“Today, many unscrupulous producers, seeing an increase of market prices, want to refuse to fulfill the previously concluded contracts, in fact to make a default. And we are not talking about those agrarians who lost crops due to drought or other weather disasters, but those who had good harvest,” he explained in an exclusive commentary to the Interfax-Ukraine agency.
Because of this, Ukraine may lose a source of about $11-12 billion to finance the agricultural sector, he said.
Horbachev also said that companies that did not suffer from drought in some regions of the country are trying not to fulfill the previously signed contracts for the supply of grain, aiming to get excess profits at the expense of counterparties. Such unfair actions will inevitably lead to both economic and reputational losses for the entire economy of the country.
According to the UGA assessment, in the spring, the agrarians contracted about 6 million tonnes of maize of the current harvest on forward contracts at a price of $150-160 per tonne, thus receiving financing for the sowing campaign.
Metinvest B.V. (the Netherlands), the parent company of Metinvest Group, has announced the acquisition of a dominant stake in PrJSC Dniprovsky Coke Chemical Plant (formerly Evraz-Dniprodzerzhynsk Coke and Chemical Plant, Kamianske, formerly Dniprodzerzhynsk, Dnipropetrovsk region) and intends to buy out the remaining shares from minority shareholders on the squeeze-out procedure.
According to the information of the plant, the issuer received a notification on October 21 from Metinvest B.V. company (the Netherlands) on the acquisition of a dominant controlling stake in the company.
At the same time, it is specified that the direct stake of Metinvest B.V. increased from 73.37% (500.623 million shares) to 97.01%. The aggregate ownership of shares in the plant by Metinvest (with the affiliated company Barlenco Ltd, Cyprus, which owns another 2.09% of the company’s shares), reached 99.1%.
The shares will be redeemed at a price of UAH 1.62 per ordinary share.
As reported, Metinvest B.V. in April 2019 announced an offer to buy out shares from the plant’s minority shareholders as part of the sell-out procedure (buyout at the request of a minority shareholder on the basis of Articles 68 and 69 of the law on joint-stock companies).
