Business news from Ukraine

UKRAINE’S NEW AN-178 MAKES DEMO FLIGHT IN BAD WEATHER AT BERLIN AIR SHOW 2016

KYIV. June 6 (Interfax-Ukraine) – The new Ukrainian An-178 transport aircraft with carrying capacity of 18 tons has made its debut in the summer program of ILA Berlin Air Show 2016 in Germany.

The new Ukrainian aircraft performed aerobatic elements in extremely adverse weather conditions, the press service of the Antonov State Enterprise reported.

“Because of the bad weather, the demonstration flights were allowed only to the European Airbus A400M and Ukrainian Antonov An-178, which made its debut in the flight program of the international exhibition,” the press service said.

The new An-178 aircraft is created to replace An-12 planes and is designed for the effective fulfillment of its tasks as a transport aircraft, including logistics and transportation of equipment. Some experts say the An-178 aircraft can serve as a modern replacement of the C-160. The aircraft has a modified form of fuselage, a ramp for loading and unloading of bulky cargo and can lift up to 18 tons of cargo, including heavy maritime containers. The industrial cooperation program for the An-178 involves about 200 companies from fifteen countries. The Antonov Enterprise is promoting the aircraft in the Middle East and Central Asia. The United Arab Emirates, China and Azerbaijan expressed interest in the new Ukrainian transport aircraft.

The An-178 aircraft premiered at Le Bourget 2015 outside Paris, where it was one of the major events. It was also showcased at Dubai Air Show 2015 in the UAE.

ILA Berlin Air Show, which takes place in Berlin on June 1-4 is one of Europe’s largest specialized exhibitions. According to the organizers, this year the air show is attended by 1,200 companies from 40 countries.

In addition to the An-178, Ukraine presents the An-132 new multipurpose aircraft, the An-148/158 special purpose aircraft and the An-70 transport aircraft at ILA Berlin Air Show 2016.

POROSHENKO DECLARES MACROFINANCIAL STABILIZATION IN UKRAINE

KYIV. June 6 (Interfax-Ukraine) – Ukrainian President Petro Poroshenko has declared macrofinancial stabilization has been achieved in the country.

“I believe the main achievement is achievement of macrofinancial stabilization, without which progress would be impossible. This is a constant, gradual increase in foreign exchange reserves without participation of our partners, the International Monetary Fund or international financial institutions,” Poroshenko said at a press conference in Kyiv.

According to the head of state, just today, on June 3, “we bought $10 million, the day before yesterday $60 million… Over the past two months the figure significantly exceeded $1 billion.”

Poroshenko noted these figures clearly reflect guaranteed financial stabilization in the Ukrainian market.

“We already have the first result of this financial stability: it’s agreements with the IMF and the approval by the parliament of the law scrapping taxation of pensions […] Few results have been achieved so far,” the president said.

“I am setting the government a task: we need to transition from survival policies to a development strategy policy […] from the macrofinancial improvements we have now achieved to economic growth,” he said.

In this regard, the president recalled Ukraine is looking to ensure a 1.1% GDP growth this year, with inflation not exceeding 12%.

“We already have positive [GDP] dynamics in the first quarter […] We are optimistic about the future as it regards targeting the annual inflation level of 12%,” Poroshenko said.

Poroshenko said achieving these goals will make it possible to achieve an 8% inflation level in 2017.

TURNOVER OF RETAIL TRADE IN JANUARY–APRIL 2016

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Excluding the temporarily occupied territories, the Autonomous Republic of Crimea, the city of Sevastopol and part of the anti-terrorist operation zone.  Data may be revised. Source: State Statistics Services

 

 

DART-450 AIRCRAFT WITH UKRAINIAN ENGINE TO BE EXHIBITED AT FARNBOROUGH AIRSHOW 2016

KHARKIV. June 3 (Interfax-Ukraine) – DART-450 twin-engine aircraft made by Austria’s Diamond with Ukrainian AI-450S turboprop engine has been successfully tested and will be exhibited at Farnborough Airshow 2016, the press service of public joint-stock company FED (Kharkiv), a participant of the AI-450S engine project, has reported.

“DART-450 aircraft will be exhibited at the Farnborough Airshow in July 2016. The certification procedure will be finished by the end of the year,” the press service said, citing FED Head Viktor Popov.

He said that this is the first case of using the gas-turbine engine in the airplanes of this class: earlier the gas-turbine engines for these aircraft were considered unviable, as they consume more fuel and diesel and petrol engines.

“Ivchenko-Progress, FED and Kharkiv Aviation Institute found proofs for applying gas-turbine engines to this kind of aircraft. FED produces the fuel control system. When the calculations were presented to top managers of Diamond they agreed to realize the project. AI-450S engine has been designed and manufactured in short terms. Last year single-engine aircraft was tested (DA20 with petrol engine) and this year twin-engine aircraft (DA42 with diesel engines). This is the first use of the gas-turbine engine in these aircraft,” Popov said.

He said that the certification of the aircraft with the Ukrainian engine to meet EU standards would help to enter the quickly growing Asian aviation market.

“Today, the talks to sell licensed production of AI-450S engine to China are being held. The prospects of the project look great,” Popov said.

The sum of the contract is not disclosed. The prices and shares of the project participants have been preliminary agreed.

The DART-450 (Diamond Aircraft Reconnaissance Trainer) is the worldwide first all-carbon fiber tandem, 2-seat civilian and military trainer with a sidestick and pneumatic ejection seats. The airplane has a maximum take-off power of 500 hp, is equipped with the Ivchenko-Progress/Motor Sich AI-450S turboprop engine, a 5-blade MT propeller, and a GARMIN avionic system. The fuel control system of the engine is made by FED.

UKRAINE IN 2015/16 AGRI-YEAR IS LARGEST EXPORTER OF WHEAT TO EU – OFFICIAL

KYIV. June 3 (Interfax-Ukraine) – Ukraine since early 2015/16 agricultural year (July 2015 – June 2016) has exported 1.637 million tonnes of wheat to the European Union (EU), Deputy Minister of Economic Development and Trade, Trade Representative of Ukraine Natalia Mykolska has wrote on her Facebook page.

“According to data from our partners in the general Directorate of the European Commission, this agricultural year started on July 1, 2015 and will last until June 30, 2016. Ukraine is the largest exporter of wheat to the EU. A total of 1.637 tonnes or 49% of total imports to the EU was shipped, and we are ahead of the United States, Canada and Russia put together,” she wrote.

She said that the Commission Implementing Regulation(EU) 2016/876 was published in official Journal. The coefficients will be applied to the quantities covered by the applications for Ukrainian wheat import licenses.

She said that this means that Ukraine has used its quota for exports of wheat to the EU in the amount of 950,000 tonnes.

“It is very important that this does not mean that our grain exports to the EU halts. Supplies will continue as part of the global EU grain quota and beyond the quotas,” she wrote.

AIRBUS, STATE AVIATION SERVICE TO ORGANIZE TRAINING PLATFORM FOR AVIATION SPECIALISTS IN KYIV

KYIV. June 2 (Interfax-Ukraine) – Airbus (France), one of the largest aircraft manufacturers in the world, jointly with the State Aviation Service of Ukraine plan to organize a training platform for aviation specialists in Kyiv.

According to the service, the initiative was discussed on May 27 during a meeting with the regional director for flight safety at Airbus, Yuriy Chekanov. The parties discussed support for the safe operation of Airbus aircraft in Ukraine, conducting conferences, seminars, training and other events for state inspectors and operators.

Chekanov, in particular, said Airbus plans to take part in national courses for internal investigation into operational events on the basis of the ICAO European regional training center for training of state inspectors for flight safety and airworthiness. State Aviation Service representatives proposed expanding the list of trainings to further establish a regional training platform in Kyiv for aviation specialists from Ukraine, Moldova, Georgia, and the Baltic countries.