Ukrainian President Volodymyr Zelensky plans to find financing in the amount of $3 billion for the construction program to restore bridges across Ukraine.
“There is a planned large program, which I am looking another $3 billion for, as this is my responsibility. These are all the bridges of our country,” he said during a press conference on Wednesday.
According to the president, only in Ivano-Frankivsk region there are about 1,900 bridges of different sizes.
Zelensky also said that it is planned to complete the construction of a bridge in Zaporizhia in two and a half years.
JSC Ukrzaliznytsia in January-March 2020 saw a loss of UAH 7 billion, according to materials of the Cabinet of Ministers posted on its website on Wednesday.
According to the document, since March 11, 2020, Ukrzaliznytsia has suspended economic activity, which negatively affects its financial and economic performance.
“According to the results of the first quarter of this year, the company saw losses of UAH 7 billion… At the same time, according to the company’s forecasts, due to the need to repay loans and interest on them (UAH 11 billion and UAH 3 billion, respectively), a shortage of funds by the end of the year may amount to UAH 16 billion,” the company said in an explanatory note.
According to the document, the reduction in production in Ukraine, the shutdown of enterprises-shippers and the negative situation on international markets led to a 4.8% decrease in total cargo turnover in the first quarter of 2020 compared to the same period last year.
In order to minimize the negative consequences, Ukrzaliznytsia is implementing a number of compensation measures: an idle time for staff, suspension of planned salary increases, restriction of procurement of material and technical resources and services (except for critical positions), and optimization of payments.
On this basis, the Infrastructure Ministry proposed that the basic standard for sending part of the profits allocated for the payment of dividends based on the results of economic activities in 2019 is set in the amount of 30% (currently – 90%) for Ukrzaliznytsia.
Official rates of banking metals from national bank as of May 21
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 21/05/20
Source: National Bank of Ukraine
The Deposit Guarantee Fund (SPF) of Ukraine is working on preparations for the privatization of PJSC Centrenergo, Ukrainian President Volodymyr Zelensky has said.
“A lot of things are being said about Centrenergo. The company will prepare for privatization. The State Property Fund is engaged in this. They have a clear plan,” the head of state said during a press conference on Wednesday. More…
Ukrainian transport companies carried 939.3 million people in January-April 2020, which is 34.1% less than a year ago, the State Statistics Service has said.
The authority said that passenger turnover of transport companies over the period totaled 19.3 billion passenger/km, which is 39.6% less than a year ago.
According to the State Statistics Service, in January-April of this year, 28 million passengers used rail transport (including transportation by the city electric train), which is 43.1% less than in January-April 2019, and 394.7 million passengers (35.1% less) travelled by road.
Air transport decreased passenger transportation by 41.2%, to 2 million people.
In addition, according to the State Statistics Service, in January-April 151.6 million passengers used trams (a decrease of 26.6% compared with the same period a year earlier), subways carried 139.2 million people (a decrease of 41%), and trolleybuses some 223.8 million passengers (30.5% down).
Passenger transportation by water decreased by 96.2% and amounted to around 10,000 people.
According to the service, the indicators are given without taking into account the temporarily occupied territory of Crimea, Sevastopol and part of the temporarily occupied territories of Donetsk and Luhansk regions.
