KYIV. July 29 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine has approved the state order for 64 scientific and technical (experimental) inventions as well as scientific and technical production in 2016.
The corresponding decision was taken at a government meeting on Wednesday.
Minister of Education and Science of Ukraine Liliia Grynevych said the inventions would be launched in 2016 and completed by 2018.
State order is provided, among other things, for eight innovations in the field of information and communication technologies, 10 – in the power industry and energy efficiency, 5 – in the rational use of natural resources, 10 – in the life science and diseases prevention and 13 – in new substances and materials.
According to the minister, the implementation of the state order does not provide for additional state budget expenditures.
KYIV. July 29 (Interfax-Ukraine) – Enterprises forming Ukraine’s aerospace sector saw a combined 47% rise in production in January-June 2016 year-over-year, to UAH 1.35 billion, the press service of the State Space Agency of Ukraine (SSAU) has reported.
Sales in H1 2016 grew by 39.6%. The exports share was around 60% of total sales, and this was 1.5 times up year-over-year. The key exporters were State Scientific Production Enterprise Kommunar Corporation, Pivdenne Design Bureau, Hartron and Special Device Production State Enterprise Arsenal.
Enterprises engaged in the provision of communications and engineering services, researches added to production growth: Arsenal, Dniprovsky Design Institute, Instrumental Building Technology Scientific and Research Institute, Pivdenne Design Bureau and Ukrkosmos.
The agency said that today it manages 26 aerospace enterprises and institutions, including 17 state-run enterprises, four joint-stock companies and five budget-funded institutions.
In 2015, production by aerospace enterprises in Ukraine grew by 1.8%, to UAH 2.9 billion, and sales rose by 5.7%, to UAH 3.05 billion.
KYIV. July 29 (Interfax-Ukraine) – Demand on fertilizers on the domestic market grew by 20% in January-June 2016, the press service of Group DF has reported, referring to Marketing, Strategic Analysis and Planning Director at Ostchem Maria Bezzubova.
“According to our assessments, in the first six months of 2016 demand on the domestic market grew by 20% on average, and even more for some products. For example, consumption of urea by the domestic market was over 550,000 tonnes compared to 450,000 tonnes year-over-year, consumption of ammonia nitrate was around 790,000 tonnes compared to 642,000 tonnes in H1 2015,” the press service said, citing Bezzubova.
She said that demand on multiple-nutrient fertilizers is also growing. The Ukrainian market consumed over 320,000 tonnes of urea-ammonium nitrate (UAN) compared to 275,000 tonnes in H1 2015, 75,000 tonnes of limestone ammonium nitrate (LAN) compared to 87,000 tonnes and around 650,000 tonnes of NPK fertilizers compared to 420,000 tonnes.
Bezzubova said that competition on the Ukrainian market in 2015-2016 has toughened: the capacities of Ukrainian plants cover domestic demand, but imports, mainly from Russia, is swelling.
“There is no secret that we see lobbying. Russian rival importers protect their interest and actively import fertilizers. The Ukrainian market is the largest nearest market for Russian producers. The incomparably low price of raw material – natural gas – allows them to compete here with any prices,” she said.
Ostchem is a managing company that coordinates operation of nitric chemical enterprises belonged to Dmytro Firtash’s Group DF.
KYIV. July 29 (Interfax-Ukraine) – Nikopol Ferroalloy Plant (Dnipropetrovsk region) is looking for new markets due to a fall in sales in Ukraine related to instable operation of metal companies caused by hostilities in the Anti-Terrorist Operation (ATO) zone.
Board Chairman and Director General of Nikopol Ferroalloy Plant Volodymyr Kutsyn said in an interview with the Elektrometallurh newspaper published by the Ukrainian Association of Ferroalloy and Other Electrometallurgical Products Manufacturers on Thursday that the Ukrainian market depends on hostilities.
“In June due to difficulties in the operations of railways almost all metal companies were idle. This resulted in steel production decline by 15% that month. The restricted Ukrainian market forces use to look for new foreign markets. There are these markets: we work with the Far East, continue cooperating with South Korea, Taiwan, Malaysia and Philippines. These are new markets. We develop relations with traditional partners – Turkey, the United States, Egypt, Arab Emirates and the whole of Europe,” Kutsyn said.
He said that the exports share today is around 70%. Earlier the share of silicon manganese made by the enterprise reached 20% of the global market, while today is less than 18%. The plant supplies its products to more than 60 countries, almost all the state that smelt steel (around 70 countries on the list of the World Steel Association).
“As for prospects, we have many ideas, but they require large investment. We sought to install ferrofluid cogeneration station. We had to burn it, but this is wrong from the point of energy saving and environment friendliness. This project could cost $70-80 million. It is still an idea,” he said.
He said that the electricity tariff increase decreases the opportunities for modernization and stable operation, as ferroalloy production is energy intensive: the share of electricity of the cost production is around 30%.
Kutsyn said that the plant sent UAH 1.126 billion of taxes and duties in 2015, including UAH 92.51 million to the local budget.
Interbank currency exchange, UAH/USD
Source: National Bank of Ukraine
Interbank currency exchange, UAH/EUR
Source: National Bank of Ukraine
KYIV. July 28 (Interfax-Ukraine) – State-owned public joint-stock company Ukrbud Construction Company, part of the Ukrbud Corporation (all based in Kyiv) saw a 4.9-fold rise in net profit in January through June 2016 year-over-year, to UAH 2.804 million.
The company said in a report that it saw a 3.8-fold rise in net revenue, to UAH 101.837 million.
Gross profit soared by 2.8 times, to UAH 17.065 million and operating profit – by 4.5 times, to UAH 3.529 million.
Undistributed profit totaled UAH 11.099 million (a rise of 37.5% year-over-year).
Current liabilities grew by 6.8 times, to UAH 456.168 million and noncurrent liabilities decreased by 43.8%, to UAH 160.191 million.
The company saw a 48% rise in assets, to UAH 824.173 million.
Ukrbud Construction Company was created by the government of Ukraine in 2004. It is engaged in the design and construction of industrial and civil objects, and staff training for the construction industry.
Ukrbud as of late 2015 consisted of 12 subsidiaries in the country.
