The governments of Ukraine and Moldova have signed a memorandum on the synchronization of the work of the energy systems of the two countries with the ENTSO-E energy system of Europe. According to the press service of the Cabinet of Ministers of Ukraine, the relevant agreements were reached during the meeting of Prime Ministers of Ukraine and Moldova, Volodymyr Groysman and Pavel Filip.
“The parties noted that the energy and economic component of cooperation has a significant growth potential,” the message reads.
During the talks the parties discussed a wide range of road map of cooperation and agreed on the participation of Ukrainian PM Volodymyr Groysman at the GUAM summit in Chisinau in June this year, the press service of the Cabinet said.
The number of electric cars imported to Ukraine in the first quarter of 2018 tripled year-over-year, to 1,744 vehicles, according to a posting on the website of the State Fiscal Service. The authority said that in January 2018, some 784 passenger cars and other vehicles with electric engines were imported compared with 132 in January 2017, in February 2018, some 413 vehicles were imported (181) and in March – 537 (237).
As reported, in 2017, some 2,700 electric cars were imported to Ukraine.
In 2018, electric vehicles and other vehicles equipped exclusively with an electric motor are exempted from taxation by excise duty and value added tax (VAT) when they are transported to the customs territory of Ukraine.
The National Bank of Ukraine (NBU) expects the country’s Finance Ministry will place $2.5 billion in eurobonds in 2018, $1.5 billion in eurobonds in 2019. “In 2018 and 2019, we expect that eurobonds worth $4 billion will be placed: $2.5 billion this year and $1.5 billion next year,” Deputy NBU Governor Dmytro Solohub said at a briefing in Kyiv on Thursday.
Agro-industrial holding Astarta, Ukraine’s largest sugar producer, wants to keep EUR 61.84 million in net profit for the financial year 2017 undistributed. This decision is on the agenda of a meeting of the holding’s shareholders scheduled for May 25.
In addition, the shareholders will consider the re-appointment of Viktor Ivanchyk, Viktor Hladky and Marc Van Campen as board members, along with the appointment of Gilles Mettetal as non-executive director and resignation of Vladyslav Bartoshevsky as non-executive director and deputy chairman of the board of directors.
Another issue on the agenda is the appointment of Zeljko Erceg as Chief Operating Officer of Astarta Kyiv LLC. He will temporarily head the company in case the entire board is temporarily unable to perform duties.
In addition, the shareholders may decide on the prolongation of the buyback program for another 18 months (from the date of the shareholders’ meeting). The company can buy out no more than 2.5 million shares at a price not higher than PLN125 per share.
The agenda also includes the issue of authorizing the board of directors to organize the issue of shares to the amount of up to 10% of current issued and paid-in share capital, as well as the restriction or cancellation of any existing pre-emption rights in shares. All actions are carried out within one year, starting from the date of the annual meeting of shareholders whose permission cannot be withdrawn.
Ukraine and India have signed new contracts worth $20 million to expand bilateral military and technical cooperation as part of the 10th international defense exhibition Def Expo 2018, which is taking place in Chennai (India) on April 11-14, the press service of the Ukroboronprom State Concern reported on Thursday. According to the report, following its participation in the first two days of the exhibition, Spetstechnoexport, part of Ukroboronprom, signed contracts worth about UAH 500 million.
“Representatives of the state-owned enterprise Spetstechnoexport, as part of Def Expo 2018, signed an agreement on cooperation with Indian state-owned company Bharat Electronics Limited. The agreement outlines cooperation between the parties as part of programs for the modernization and localization of the production of components for armored vehicles. Representatives of the Ukrainian and Indian defense industries are to be involved in the creation of a new a tank for the needs of the Indian Defense Ministry, the modernization of radar and air defense systems produced by the former Soviet Union, and joint research and engineering development, including in the sonar and radar directions,” reads the statement.
Bharat Electronics Limited is one of the largest Indian suppliers of defense products for the Indian Defense Ministry. Spetstechnoexport is one of the leading special exporters of Ukraine. It has been part of the Ukroboronprom State Concern since December 2010.
