Ukrzaliznytsia by the end of 2020 expects to see a loss of UAH 12-14 billion.
“My personal vision: we will end this year with a loss of UAH 12-14 billion,” Head of Ukrzaliznytsia JSC Volodymyr Zhmak said at a briefing in Kyiv on Thursday.
At the same time, he said that the company counts on the support of international financial institutions.
“We are counting on our partners from the financial sector, first of all, international financial institutions,” he added.
In January-June 2020, Ukrzaliznytsia saw a net loss of UAH 8.792 billion, while for the same period in 2019 its net profit amounted to UAH 1.065 billion. At the same time, Ukrzaliznytsia’s net income from the sale of products (goods and services) in January-June 2020 amounted to UAH 35.623 billion (a decrease of 19.42% compared to the same period in 2019).
The trading corporation Posco International together with Nonghyup Feed, the largest importer of feed grain in Korea, supplied 68,000 tonnes of feed wheat from Ukraine to South Korea.
According to a report on Posco International’s website, out of 68,000 tonnes, 41,000 tonnes were sent through the Ukrainian grain terminal Posco.
“This food import is important because this is the first case of a stable supply of high quality feed grain to South Korea, secured by investments from a domestic company,” the company’s release stated.
Posco International expects that with the first delivery of feed wheat, the company will build a stable national grain procurement system using its own export terminal, expanding imports of wheat and maize.
The company indicated that in September 2019, Posco International completed the construction of an export grain terminal capable of shipping 2.5 million tonnes of grain per year at Mykolaiv Maritime Merchant Port.
It is noted that Posco International’s agricultural business is expanding with the delivery of major grains such as wheat, maize, soybeans and barley, but it all started with rice. The trade volume increased from 840,000 tonnes in 2015 to about 7.5 million tonnes in 2020.
The State Roads Agency of Ukraine (Ukravtodor) intends to repair 6,800 km of roads in 2021, said head of the agency Oleksandr Kubrakov.
“In 2020, the road sector has become a state priority. The program for 2020 envisages 4,000 km of roads. In 2021, we plan to repair and build more than 6,000 km of roads,” he said during an online presentation of the first public-private partnership program on Thursday.
The mobile operators Kyivstar, Vodafone Ukraine and lifecell, together with Huawei, have launched 4G at 23 more stations of Kyiv metro and in the tunnels between them.
According to the joint press release of the operators, in general, since October 28, the high-speed mobile Internet of three operators has been operating at 45 out of 46 underground stations.
4G will appear at the last Teremky station during December.
The launch of the 4G network in the metro began in March this year from the Akademmistechko station and continued gradually.
“It is interesting that almost 300,000 subscribers of all three operators use 4G Internet every day on average. Together, subscribers of mobile operators have already used more than 400 terabytes of traffic in the metro. This volume would be enough, for example, for a continuous viewing high quality video for 30 years,” the release notes.
For 4G operation in the metro Kyivstar, Vodafone Ukraine and lifecell use joint equipment from Huawei, but their own frequencies in accordance with licenses. Frequencies are used in two bands: 1800 MHz and 2600 MHz. According to the operators, the average 4G speed in the metro exceeds 40 Mbps.
4G, 4G INTERNET, 4G MOBILE, 4G NETWORK, KYIV METRO, KYIVSTAR, LIFECELL, MOBILE OPERATORS, VODAFONE
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.
