Business news from Ukraine

Business news from Ukraine

UKRAINIAN SEA PORTS AUTHORITY STARTS DREDGING WORKS AT BERDYANSK SEAPORT

Ukrainian Sea Ports Authority (USPA) is starting exploitation dredging works at Berdyansk seaport in an amount of 1.85 million cubic meters. As the USPA press service said, Dunay dredger to maintain the passport depths has already come to Berdiansk port.
“The start of operational dredging is an important event for the Berdiansk seaport. A decrease in depth negatively affects the competitiveness of our port and the efficiency of port operators. The contractor has a large-scale task: to dredge with a total volume of 1.85 million cubic meters. The first dredger has already begun work in the port’s water area, we expect that in September the contractor’s fleet will begin to work in full force in the Berdiansk port,” a press service of USPA regional office in Berdiansk quotes its chief Oleksandr Barchan as saying.
At the end of May 2019, USPA for the restoration of passport depths in the port of Berdiansk, following a tender in the ProZorro electronic procurement system, signed an agreement with Azimut Specialized Technical Bureau LLC. According to USPA, the savings following the results of the tender amounted to more than UAH 75 million.
According to the agreement, the total amount of works to be performed by the contractor in the port of Berdiansk is 1.85 million cubic meters. It is necessary to carry out major works with an amount of 1.39 million cubic meters on the access channel, and 466,000 cubic meters in the port water area. The contractor should complete half of the contract by the end of 2019.
On a par with contractor’s fleet, Meotida dredger continues its works at Berdiansk port operating on the certain parts of the access canal.
As reported, in 2019 USPA plans to carry exploitation dredging at seven seaports: Mariupol, Berdiansk, Izmail, Chornomorsk, Mykolaiv, Odesa, Kherson, and two major dredging projects at Chornomorsk and Yuzhny ports.

, ,

DUBAI-ORIGINATED FUND PLANS TO INVEST OVER $1 BLN TO UKRAINE

A Dubai-originated fund is studying investing over $1 bln to Ukraine through the end of 2020, Amer Kharb, the fund’s Ukraine country representative, tells UBN.
Kharb, who plans to open an office in Kyiv this fall, targets investments in infrastructure, construction, logistics, agriculture, defense and energy.
“We consider this first $1 billion seed capital in anticipation of much more investment in the future,” he said Monday in Kyiv.
“A well-governed Ukraine presents Europe’s best opportunities for growth and development”, he added.

,

JOHN BOLTON TO VISIT UKRAINE

Assistant to the U.S. President for National Security Affairs John Bolton has announced his visit to Kyiv without indicating specific dates.
“The president had productive meetings in Biarritz at the G7. I’m looking forward to my upcoming meetings with our partners in Kyiv. We support President Zelensky’s reform efforts and vision to create a stronger and more prosperous Ukraine,” he said on Twitter.

, ,

AIS STARTS SELLING CHINA’S FAW GROUP BRAND CARS IN UKRAINE

AIS Group of Companies, an exclusive distributor of China’s FAW Group brand cars in Ukraine, plans start selling five models of cars under this brand in all categories (small tonnage, small commercial, medium tonnage and heavy tonnage vehicles) on Ukrainian market in the next few months of this year. As the company’s press release said, the start of sales was scheduled for October. A FAW B30 compact passenger sedan with a 1.6-liter petrol engine rated at 109 l/s with a 6-speed AISIN Japan’s automatic transmission will be the first model to sell.
It also planned to start selling a FAW X40 compact crossovers with a 1.6-liter petrol engine rated at 109 l/s with manual transmission.
“These models will be competitive to European, Korean, Chinese brands, which will be offered under the most affordable price,” the company said in its press release.
Besides, the company will offer a FAW Tiger VR small commercial vehicle with a carrying capacity of up to 1.5 tonnes with a 2.3-liter Weichai diesel engine with 110 l/s, with a reinforced frame and chassis, anti-lock braking system and power steering; and a FAW Tiger V medium tonnage truck with a load capacity of 4.7 tonnes with a 3.8-liter Cummins diesel engine with 139 l/s and ZF transmission.
“It is planned that a FAW Tiger model line will compete with GAZ commercial and cargo vehicles,” the Group said.
Moreover, by the end of the year market will see two modifications of large tonnage dump trucks FAW J6P 6х4 и FAW J6P 8х4 of wheel configuration, engine power 375 l/s and 390 l/s and a load capacity of 19 and 23.6 tonnes respectively.
Leading world leaders alike Bosch, Wabco, Sachs, ZF, Fast, Eisenmann, TRW, Tenneco and others are suppliers of the component parts for production of FAW cargo vehicles.
As reported, the AIS Group, a leading operator selling and servicing vehicles for business in Ukraine, signed an exclusive distribution agreement with China First Automotive Group Corporation (FAW).
Under the agreement, the AIS Group will present FAW trucks in Ukraine.
AIS group of companies, established in 1992, is the national network of auto centers and service stations, spares stores, a manufacturing enterprise, regional automobile warehouses and a logistics center for storage and distribution of spare parts, a customs and licensed warehouse, and a motor transport company.

, , ,

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 27/08/19

National bank of Ukraine’s official rates as of 27/08/19

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 27

Official rates of banking metals from national bank as of August 27

One troy ounce=31.10 grams

,