Business news from Ukraine

U.S. MANUFACTURE OF ROLLING STOCK GREENBRIER TO ENTER UKRAINIAN MARKET

The Greenbrier Companies, Inc. (Oregon, the United States), the manufacture of rolling stock, seeks to enter the Ukrainian market in the near term.
“We have been studying the Ukrainian market for several years and assume that we will come to this market in the near future,” Assistant Vice President for International Marketing at Greenbrier Adem Saglik said at the Rail Expo 2018 exhibition in Kyiv.
At the same time, he said that in order to make the Ukrainian market more attractive to foreign companies, it is necessary to make a number of legislative changes.
“It is important to adopt several laws, in particular, on market liberalization, so that private operators also have access to the market and there is competition… It is very important for us to see that private traction is supported by the government of the country,” he said.
According to Saglik, the sooner Ukraine liberalizes the traction market, the more European companies will come and start working.
Earlier, Greenbrier considered the option of creating a leasing company in Ukraine.
The Greenbrier Companies specializes in the manufacture and repair of railway rolling stock, provides management and leasing services for rail cars.

, ,

PRICEWATERHOUSECOOPERS WINS TENDER TO DESIGN PROJECT FOR REALIGNMENT OF UKRAINIAN UKRPOSHTA’S LOGISTIC CHAIN

The European Investment Bank (EIB) has selected PricewaterhouseCoopers (PwC) at a tender to design a new logistic chain of PJSC Ukrposhta, Ukraine’s Infrastructure Ministry reported last week. “At the end of the project an investment case would be created and it could be financed by the EIB jointly with other international institutions,” the ministry said.
According to the report, in six months, international advisors will develop several projects for the restructuring of the logistics network of Ukrposhta, which today consists of 35 sorting centers and more than 200 transport bases.
“It is important that these cases of the project will be immediately considered and defended with the technical specialists of the EIB from Luxembourg as one of the potential investors,” First Deputy CEO of Ukrposhta Oleksandr Petsovsky said.
The EIB does not disclose the amount for which the contract will be concluded.
As reported, in June, the EIB announced a tender for the selection of a consultant for the modernization of the logistics network of PJSC Ukrposhta with an estimated cost of EUR 400,000.

, , , , ,

COAL SHARE OF UKRAINE’S ENERGY BALANCE TO DECLINE BY 60% IN 15 YEARS

The share of coal of the structure of Ukraine’s energy balance to decline by 60% in 15 years, to 13%, and it will be replaced thanks to renewable energy, according to a forecast of the Razumkov Centre published by the center’s press service. According to the forecast, the share of green energy of the balance will grow fivefold in 15 years, to 25%. “Although the value of coal will gradually decrease – it will be replaced mainly by renewable energy, the coal industry will play a prominent role in the Ukrainian energy sector until 2035. First of all, for thermal generation, which performs an important function of maneuvering capacities,” the press service said, citing Director of Energy Programs Volodymyr Omelchenko.
According to forecasts, the share of gas and nuclear energy of primary energy consumption is expected to remain at the current level – 30% and 25%, respectively.
In addition, in the structure of the Ukrainian energy balance, the share of oil products may significantly decrease, to 7%.

, ,

PROVIDNA INSURER CUTS PREMIUM COLLECTION BY 5.8%, RAISES PAYMENTS BY 4.7% IN NINE MONTHS

Providna Insurance Company (Kyiv) for the first nine months of 2018 reduced collection of insurance premiums by 5.8% compared to the same period in 2017, to UAH 616.6 million.
According to the insurer’s website, for the specified period payments to customers amounted to UAH 362.2 million.
More than half of all collected premiums fell on voluntary medical insurance contracts, which amounted to UAH 342.6 million.
Insurance payments under voluntary medical insurance agreements for the nine months amounted to UAH 181.1 million. More than 146,400 insurance cases were settled.
To further improve the quality of customer service, the company opens up new medical assistance sites in the regions, continuing the implementation of the strategy to increase its presence in the Ukrainian market of voluntary medical insurance.
Providna Insurance Company has been working in the insurance market of Ukraine since 1995. It offers more than 80 insurance products on compulsory and voluntary types of insurance to individuals and legal entities.

, , ,