KYIV. Oct 30 (Interfax-Ukraine) – The Ministry of Energy and Coal Industry of Ukraine and China National Nuclear Corporation (CNNC) have discussed organization of nuclear fuel production in Ukraine, the press service of the ministry has said.
The corresponding issue was raised during the meeting of Deputy Energy Minister of Ukraine Natalia Boiko and the CNNC President on October 26.
“The parties discussed the expansion of cooperation in the development of the nuclear industry of Ukraine and China, organization of nuclear fuel production and the joint implementation of an investment project on the basis of a newly constructed mine at Novokostiantynivske uranium ore deposit,” the report said.
The parties also discussed the issue of involving China Development Bank (CDB) in financing the project of Novokostiantynivske uranium ore deposit.
As reported, Minister of Energy and Coal Industry of Ukraine Ihor Nasalyk stated about the interest of Westinghouse and one of French companies in building a plant for producing nuclear fuel in Ukraine.
KYIV. Oct 30 (Interfax-Ukraine) – PET Technologies Ukraine LLC (Chernihiv) recently launched a new administrative building in the regional center and finished construction of a new complex producing PET bottle making machines.
“The enterprise has a full production cycle – from processing of metal to assembly of finished machines,” the press service of Chernihiv City Council reported after a ribbon-cutting ceremony with the participation of City Mayor Vladyslav Atroshenko.
According to postings on the websites of the city council and PET Technologies Ukraine, small enterprise Polimash LLC was created in 1999. Austria’s PET Technologies Europe GmbH decided to outsource production in 2009 and selected Polimash as a partner.
According to the public register, the key owners of the limited liability company are its director general Oleksandr Suvorov (75%) and Andriy Ampeleyev (25%).
KYIV. Oct 30 (Interfax-Ukraine) – Fitch Ratings has affirmed Ukraine’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a Stable Outlook, Fitch said in a press release published on October 27.
In addition, issue ratings on long-term senior-unsecured foreign-currency bonds affirmed at ‘B-‘; issue ratings on long-term senior-unsecured local-currency bonds affirmed at ‘B-‘ and issue ratings on short-term senior-unsecured local-currency bonds affirmed at ‘B’. Country Ceiling affirmed at ‘B-‘; Short-Term Foreign-Currency IDR and Short-Term Local-Currency IDR affirmed at ‘B’.
As in the previous rating report published in May 2017, Ukraine’s ratings reflect weak external liquidity, a high public debt burden and structural weaknesses, in terms of a weak banking sector, institutional constraints and geopolitical and political risks.
Fitch’s proprietary SRM assigns Ukraine a score equivalent to a rating of ‘CCC’ on the Long-Term FC IDR scale.
Fitch’s sovereign rating committee adjusted the output from the SRM to arrive at the final LT FC IDR by applying its QO, relative to rated peers, as follows: Macro: +1 notch, to reflect Ukraine’s strengthened monetary and exchange rate policy which will support improved macroeconomic performance and domestic confidence. Increased exchange rate flexibility allows the economy to absorb shocks without depleting reserves, Fitch said.
KYIV. Oct 30 (Interfax-Ukraine) – Ukraine’s Economic Development and Trade Ministry has placed the Kyivschyna industrial park (Novi Petrivtsi, Vyshgorod district of Kyiv region) to the list of industrial parks being the 28th park in the list.
The ministry said that the park was registered on October 25.
Private joint-stock company Kyivschyna industrial and technological park initiated the creation of the park.
The park has been created for the period of 30 years. The area of its land parcel is 118.36 ha.
PrJSC Kyivschyna industrial and technological park was registered in Novi Petrivtsi in 2002. It was planned to create an industrial park on its basis.
The ministry said that since 2013, in line with the law on industrial parks, the creation of 30 industrial parks has been initiated in Ukraine, and 28 of them were placed to the register.
As of October 25, 2017, seven private parks that were not placed to the register have been functioning in Ukraine.
KYIV. Oct 27 (Interfax-Ukraine) – Grain exports by OKKO Agrotrade LLC, the agrarian business direction of Galnaftogaz concern, in the 2017/2018 marketing year (July-June) could grow by 1.5-2 times.
According to a company press release, in the 2016/2017 MY the company exported 500,000 tonnes of grain.
In addition to the grain group, the company also delivers oilseeds to foreign markets.
More than 90% of agricultural products purchased by OKKO Agrotrade are exported. In the domestic market, the largest buyer of the company is Khlibprom Concern, one of the leading bakeries in the western regions of Ukraine.
The key tool OKKO Agrotrade offers to agricultural enterprises is a forward program, according to which the company provides partners with fuel, fertilizers or directly financial resources during the field work. They pay with the grown harvest.
“Today, the main partners of the OKKO Agrotrade forward program are small and medium-sized farms with a land bank of 500 to 30,000 hectares, but we do not do any restrictions on the size of land bank for potential partners and are open to cooperation with everyone,” Commercial Director of OKKO Agrotrade Oleksandr Kucherenko said.
KYIV. Oct 27 (Interfax-Ukraine) – Airlines of Lufthansa Group want to increase the number of flights to Kyiv in the 2018 summer navigation schedule.
According to a press release of the group, Lufthansa airline would offer six additional flights a week from Frankfurt to Kyiv from March 25, 2018, and Swiss airline will return to Ukraine and will service four flights a week to Zurich from March 26, 2018.
“Thanks to the increase in the frequency of flights, Lufthansa Group passengers receive more opportunities to combine flights via Frankfurt, Munich, Vienna or Zurich,” the press service said.
General Manager of the Lufthansa Group’s office in Ukraine, Belarus, Georgia, Azerbaijan, Turkmenistan and Armenia Rene Koinzack said that the increase in the frequency of flights from Kyiv by 25% would allow Ukrainians to have more options for planning holidays and business trips. Additional flights would help foreign guests to easier reach the capital of Ukraine for holidays or business.
Increasing the number of flights from Frankfurt from 14 to 20 a week, Lufthansa will service additional six flights a week every day, apart from Saturday using Airbus 320 planes with economy and business class seats.
Swiss airline will service four flights a week using A320 planes with business and economy class seats on Mondays, Wednesdays, Fridays and Sundays.
Lufthansa Group started flying to Ukraine in April 1991.
