KYIV. March 29 (Interfax-Ukraine) – The European Business Association (EBA) has asked the Ministry of Agricultural Policy and Food to support changes to the instruction on grain accounting and standards for wheat, corn, barley, rapeseeds and soybeans, which permit the formation of export batches of various grain grades stored in elevators.
According to a press release from the EBA, participants in the grain market have problems with the formation of export batches of grain at grain storage facilities and port elevators. These problems occur because of inconsistencies in the outdated state standards and departmental instructions and requirements of today’s market.
“The main problem is the impossibility of forming export consignments of various classes of cereals (mainly wheat) both at granaries and port terminals As a result, a deficit of infrastructure for the simultaneous storage of grains of different classes appears,” reads a statement.
The inability to mix grains leads to unnecessary logistics costs of domestic exporters, the excessive length of grain transshipment in ports and congested transport infrastructure.
KYIV. March 29 (Interfax-Ukraine) – State Enterprise Antonov (Kyiv) at the ninth International Defense Exhibition DefExpo-2016 to be held in Goa (India) on March 28-31 will present the projects of new promising transport aircraft An-132 with a load-carrying capacity of 9.2 tonnes and an An-178 with a capacity of up to 18 tonnes, according to the press service of the company.
According to the report, the promising projects of Antonov could become the basis for a further development of fruitful cooperation between Ukraine and India in the aircraft industry.
The program of a new multi-purpose An-132 aircraft is realized in cooperation with partners from the Kingdom of Saudi Arabia with the participation of the leading companies in the global aviation industry.
“Indian businesses are invited to take part in the creation of this aircraft, while the ministries and departments of the country to become its customers,” the press service said.
KYIV. March 29 (Interfax-Ukraine) – Smart Maritime Group (SMG) of Smart-holding was the ultimate buyer of 9.64% stake in public joint-stock company Chornomorsky Shipbuilding Yard put up for sale by Ukraine’s State Property Fund at an auction on March 29 on the Ukrainian Stock Exchange (Kyiv), the press service of the group has told Interfax-Ukraine.
According to the exchange, the price was decreased from UAH 0.25 per share to UAH 0.03 per share. The cost of the stake decreased from UAH 12.45 million to UAH 1.495 million.
Earlier the fund said that two bids were submitted.
The fund said that the shares in Chornomorsky Shipbuilding Yard have been placed to the list of 34 facilities which privatization failed. The shares could be sold at auctions with 60% and 50% discounts and Dutch auctions.
The fund sold shares in Chernihiv Plant of Radio Equipment (CheZaRa) for UAH 4.67 million and public joint-stock company Bilyky (Chernihiv region) for UAH 1.38 million.
Chornomorsky Shipbuilding Yard is the shipyard with the highest technical potential in Ukraine.
Chornomorsky Shipbuilding Yard, together with Kherson Shipyard, is part of Smart Maritime Group (SMG), the largest shipbuilding holding of Ukraine, was founded in 2009 to manage the maritime assets of Smart-holding.
KYIV. March 29 (Interfax-Ukraine) – State-run companies potentially could generate around $5 billion of profit a year, Ukraine’s Economic Development and Trade Ministry has said.
“We believe that the potential is near $5 billion of profit a year,” Senior Advisor to Economic Development and Trade Minister Adomas Audickas said at a press conference on Monday.
He said that around 2,000 operating companies are owned by the state. These companies posted around $5 billion of loss in 2014. Their loss in 2015 would be around $700 million.
“This year the companies might report profit,” he said.
He said that large companies were not privatized in 2015. Only 117 facilities (not companies) were privatized. Proceeds from privatization amounted to $6 million.
KYIV. March 28 (Interfax-Ukraine) – Ukraine will export cold cuts of meat to Israel, the Cabinet of Ministers of Ukraine has reported on its website, referring to Ukrainian Agrarian Policy and Food Minister Oleksiy Pavlenko.
“From now on Ukrainian farmers can supply cooled meat to the Israeli market. The agreements on beef and poultry supplies to the Israeli market have been achieved,” the minister said at a meeting.
He said that the negotiations on resumption of egg supplies from Ukraine to Israel, which were halted in January this year due to unfounded worries about salmonella, were successful.
Ukrainian companies are ready to resume egg deliveries to Israel next week.
The minister expressed confidence that by the end of the year Ukraine will be able to sign a free trade agreement with Israel.
KYIV. March 28 (Interfax-Ukraine) – Ukrenergo on March 25 signed a contract with Zaporizhtransformator (ZTR) for the supply of 22 autotransformers and shunt reactors for a total of UAH 928.591 million (including VAT), the press service of the company has said.
The deadline for signing the contract set by legislation expires on March 25.
As reported, the price of transformer equipment turned out to be UAH 1.1 billion lower than expected due to competition between ZTR, ABB and Siemens at the auction.
Transformers should be delivered to the objects no later than the first quarter of 2017.
Ukrenergo operates backbone and interstate power grids, as well as performs the centralized dispatching of the country’s united energy system. The company is state-owned and is managed by the Ministry of Energy and Coal Industry.
