KYIV. March 1 (Interfax-Ukraine) – Elvorti manufacturer of sowing and tillage machinery equipment (Kropyvnytsky, formerly Chervona Zirka) tentatively saw a 5.5-fold rise in net profit in 2016, to UAH 170.43 million.
According to a report on the agenda of the general meeting of shareholders scheduled for April 12, its undistributed profit as of early 2017 was UAH 518.86 million (UAH 348.387 million as of early 2016).
As reported, in 2015 the company saw a 13.7% fall in net profit, to UAH 31.17 million.
Last year Chervona Zirka cut its current liabilities by 15%, to UAH 90.65 million and noncurrent liabilities – by 14.2%, to UAH 154.9 million.
Total debt of the company as of January 1, 2017 totaled UAH 220 million, or twice more than a year ago. Its assets grew by 19.5%, to UAH 786.53 million.
PJSC Elvorti, part of Elvorti Group of businessman Pavlo Shtutman, manufactures sowing and tillage machinery.
Its production facilities can produce 10,800 sowing equipment, 4,156 planter-cultivators and 868 disc harrows.
A division of the Paneuropean Union may be created in Ukraine that will strengthen not only economic but also political and cultural relations of our country with European states. The importance of the role of Ukraine in Europe in general and the EU as a political institution was discussed during a meeting between President of the Ukrainian League of Industrialists and Entrepreneurs (ULIE) Anatoliy Kinakh and Head of the House of Habsburg-Lorraine, President of the Austrian branch of the Paneuropean Union, Karl von Habsburg.
The latter is now best known as a public figure, who, along with his father Otto von Habsburg, has done much to create a united Europe and facilitate the integration of Eastern European countries in the EU.
The parties discussed, among other things, cooperation between Ukraine and the EU and key reforms for the country’s integration into the European space.
Karl von Habsburg stressed that Ukraine is as important to the EU as the EU is important to Ukraine, and therefore both sides should honor their commitments and do their “homework.”
“Ukraine is important not only because it is a large state with strong economic potential: it is also a key component of the collective security system in Europe. So we are interested in creating a Paneuropean organization here, assisting an NGO that will be able to maintain good contacts in various fields,” he said.
In turn, the ULIE president stressed Ukraine’s European integration being supported by the whole society is inevitable. According to him, it is not so much about a date for Ukraine to become an EU member, but about the introduction of European and other international standards in Ukraine, namely the rule of law, equality before the law, the protection of human rights, owner’s rights and others. However, the EU should also be aware that Ukraine now protects not only its territorial integrity, but also a civilization-defining choice.
“We are working on this at the international level, maintaining good relations with the European Parliament, the European Commission, Europe’s most powerful business association BUSINESSEUROPE through the ULIE’s representative office in the EU, and at the national one, holding a dialogue with the president, government and parliament. Our sovereignty and territorial integrity should not be traded on the world stage,” Anatoliy Kinakh has stressed.
The “Transformation of Ukraine” National Forum will facilitate the adaptation of Ukrainian legislation to European standards through its representatives in parliament and will also seek the adoption of state-building decisions on the country’s social and economic development. The “Transformation of Ukraine” inter-factional parliamentary group has prepared a plan of joint actions with the Forum’s Supervisory Board. The latter includes a series of meetings with the leaders of the parliamentary factions, the head of parliament, the prime minister and the president to discuss the initiative of the Forum. This issue was on the agenda of a joint meeting of the parliamentary group and the Forum’s Supervisory Board in parliament.
Lawmakers from all parliamentary factions, including the opposition ones, representatives of the National Forum’s Supervisory Board – Patriarch Sviatoslav, President of the Ukrainian League of Industrialists and Entrepreneurs (ULIE) Anatoliy Kinakh, Chair of the Center for Transformation of Ukraine Mykhailo Khariy, and a number of public figures took part in the meeting.
They stressed the need for the consolidation of civil society’s efforts around state-building initiatives, the implementation of the best European and international experience in reforming the economy, maintaining technical and scientific potential, as well as the country’s cultural heritage. It was also noted that such a thorough and responsible mission would succeed only if there is a close dialogue with the authorities, the international community and if it is based on national interests and priorities.
The said plan foresees negotiations between representatives of the forum, the parliamentary group with partners from the parliament and government of Poland, the U.S. Congress, the Parliaments of Canada and Lithuania. Co-initiator of the Forum, President of the ULIE Anatoliy Kinakh informed about plans to conduct the fifth session soon, where this and other initiatives of civil society, government and international partners will be presented.
The Ukrainian League of Industrialists and Entrepreneurs (ULIE), the largest business association in Ukraine, and Interfax-Ukraine News Agency are delighted to present you e-digest “Ukraine Open for Business”. This product is issued biweekly in English and covers key political and economic events in Ukraine.
KYIV. Feb 28 (Interfax-Ukraine) – Ukraine in January 2017 increased electricity exports by 61.9% (by 213.8 million kWh) compared to the same period in 2016, to 559.4 million kWh, a source in the Ministry of Energy and Coal Industry has told Interfax-Ukraine.
Electricity supplies from the Burshtyn TPP energy island in the direction of Hungary, Slovakia and Romania increased by 60.6% (by 161.6 million kWh), to 428.3 million kWh.
Electricity supplies to Poland rose by 68.9% (by 53.5 million kWh), to 131.2 million kWh.
Last month Ukrainian electricity was not exported to Moldova, Belarus and Russia, whereas exports to these countries in January 2016 amounted to 1.2 million kWh.
In addition, Ukraine in January 2017 imported 4.7 million kWh of electricity (from Russia 4.6 million kWh, Belarus 100,000 kWh) compared to 6 million kWh in January 2016.
As reported, Ukraine in January 2017 exported electricity worth $21.577 million, which is 53.5% more than in January 2016 ($14.056 million).
KYIV. Feb 28 (Interfax-Ukraine) – Public joint-stock company Sumy Machine-Building Science and Production Association (Sumy NPO) has signed contracts to supply a large batch of spare parts to pump equipment of four Ukrainian nuclear power plants (NPPs) – Khmelnytsky, Rivne, Zaporizhia and Yuzhnoukrainsk.
According to a report on the website of the association on Monday, the spare parts will be supplied to the customer in March through August 2017.
Sales Manager Olena Bala said that over 2,400 spare parts will be made.
Sumy Machine-Building Science and Production Association is one of the biggest producers in Europe of gas re-pumping units and outfitted compressor stations for various uses: centrifugal, vacuum, and chemical pumps, and centrifuges and other equipment for the chemicals gas and oil-refining industries.
