KYIV. Feb 21 (Interfax-Ukraine) – Piramida Trade LLC (Poltava) developing the eponymous movie theater chain in Ukraine seeks to open three new movie theaters in Kyiv city and one in Boryspil (Kyiv region) in 2017, the press service of the chain has told Interfax-Ukraine.
“Movie theaters will be opened as part of the shopping malls on 2,000-3,000 square meters. Wizoria will work in the six screen format in Kyiv and two screens in Boryspil,” the press service said.
The company receives offers to cooperate from operating malls and malls under construction. The company is selecting the malls now.
The chain also plans to expand to Dnipro and Odesa.
“Investment in movie theaters varies depending on the concept, the number of screens, equipment, quality of decoration and other things. Average payback term for one movie theater is four or six years,” the company said.
As of February 2017, the Wizoria chain had four movie theaters in Kyiv, Poltava and Myrhorod.
Piramida Trade LLC was registered in 1997.
Ultimate beneficiaries are Andriy Sokolov and Iryna Sokolova (36% and 64% respectively).
The charter capital is UAH 100,000.
They are also owners of the Concorde shopping mall (Poltava).
KYIV. Feb 21 (Interfax-Ukraine) – PJSC Elvorti manufacturer of seeding and tillage machinery equipment (Kirovohrad, formerly Chervona Zirka) in 2016 increased sales by 43.3% compared to 2015, to UAH 938.4 million, according to the company.
Some 52% of the products were sold in the Ukrainian market.
According to chairman of the company supervisory board Pavlo Shtutman, capital investments exceeded UAH 61 million, UAH 65.8 million of taxes and fees was paid to the budgets of all levels, the average wage rose by almost 43% to UAH 6,440.
“Increasing the production capacity and human resources in 2016, Elvorti expanded the range of products and introduced new ASTRA 4 and ASTRA 6 sowing machines, FORTIS 1600 wheel loaders and ELEX 81A backhoe loaders,” the expert said.
According to him, Elvorti plans in 2017 to increase production and sales by 22%.
Chervona Zirka was founded by the Elvorti brothers in 1874 as a small workshop for repair of machines imported from England. In 1922, the plant received the name of Krasnaya Zvezda (Red Star), and in 2003 it was renamed as Chervona Zirka.
KYIV. Feb 21 (Interfax-Ukraine) – ArcelorMittal Kryvyi Rih plans in 2017 to use $400 million in capital and operating investments in the development of the plant.
According to a company press release, the funds will be spent on modernization of production, improving the environment, the overhauls of equipment and construction of new facilities, in particular, the second continuous casting machine.
The press service noted the main tasks of this phase of the investment program are to improve performance, replace obsolete equipment with new environmentally sound, and significantly improve the ecological environment both in Kryvy Rih and in the whole region.
According to CEO of ArcelorMittal Kryvyi Rih Paramjit Kahlon, the amount of funds invested in the development of the enterprise is another confirmation of not only the commitments undertaken when buying the mill but also the readiness to fully upgrade ArcelorMittal Kryvyi Rih by 2020.
KYIV. Feb 21 (Interfax-Ukraine) – The State Agency of Automobile Roads of Ukraine (Ukravtodor) and the Ministry of Infrastructure have signed an action plan to reform PJSC Automobile Roads of Ukraine for the next three years.
According to the press service of the company, the document has been submitted to the government for review, while planned activities were officially started on February 20.
These agencies will control the reform process.
“In July 2016 a new team under my presidency was set up with a view to transform the company, which serves 97% of Ukrainian roads, from unprofitable and almost unusable to a cost effective and competitive structure in the market. We have developed a clear reform plan covering the next three years and in 2017 we begin to implement active changes,” company head Artem Hrynenko said.
According to the company, by 2020 the company will have a vertically integrated structure with 24 branches, an updated asset structure, centralized procurement, fully automated processes and the staff of 16,000 people.
KYIV. Feb 21 (Interfax-Ukraine) – Ukraine in 2016 purchased nuclear fuel worth a total of $548.81 million, which is 14.7% (or $94.761 million) less than in 2015.
According to the State Statistics Service, over the period Ukrainian nuclear power plants purchased Russian fuel for $386.782 million, fuel made in Sweden for $162.028 million.
Thus, the share of nuclear fuel purchases by Ukraine in 2016 from TVEL (Russia) accounted for 70.5% in monetary terms, from Westinghouse (Sweden) for 29.5%.
As reported, Ukraine in 2015 purchased nuclear fuel worth $643.57 million, including Russian fuel for $610.883 million, Swedish fuel for $32.688 million.
