KYIV. March 28 (Interfax-Ukraine) –In order to help the major sectors of the Ukrainian economy, the mining and metallurgical complex and mechanical engineering, avoid crisis, manufacturers need to work on improving the efficiency and quality of products, while the state should stimulate exports and create conditions for the development of the internal market.
This conclusion was reached at the meeting “The Internal Metallurgical Market of Ukraine: Problems and Prospects,” organized by the Metalurgprom association of metallurgical enterprises of Ukraine (Dnipropetrovsk) in Kyiv.
According to Metalurgprom Head Oleksandr Kalenkov, currently the steel sector is in a catastrophic situation, and efforts are required from all the parties and the state to normalize the situation.
“It is necessary to fight for every dollar. Exports should be supported and the internal market should be developed,” Kalenkov stated.
At the same time, he pointed to not very effective communications with the government, in particular with the Ministry of Economic Development and Trade, adding that efforts to establish an appropriate dialogue will be made in future.
“Domestic consumption should be satisfied simultaneously with export promotion. It is also necessary to increase the state’s role in the salvation of the national economy,” chairman of the parliamentary committee on industrial policy and entrepreneurship Viktor Halasiuk said.
KYIV. March 28 (Interfax-Ukraine) – Private joint-stock company DHL International Ukraine (Kyiv) tentatively reported a 10% rise in net profit in 2015, to UAH 10.711 million.
The company said in an announcement of the general meeting of its shareholders scheduled for April 26 in the Netherlands its assets as of January 31, 2015 reached UAH 93.87 million. This was 13.2% up year-over-year.
Total bills receivable over the period increased by 7.4%, to UAH 48.368 million, undistributed profit – by 23%, to UAH 52.648 million, net worth – by 18.7%, to UAH 62.346 million and charter capital remained unchanged at UAH 9.698 million.
Current liabilities increased by 3.7% in 2015, to UAH 31.524 million and the company did not have non-current liabilities.
The number of employees decreased by 20%, from 380 to 305.
DHL has been operating in Ukraine since 1991, its core business is express delivery and logistics. DHL-Ukraine is part of DHL Group (Germany).
KYIV. March 28 (Interfax-Ukraine) – Agroprodservice Corporation (Ternopil region) will build a soybean workshop with a crushing capacity of 40,000 tonnes, the company has reported on its website.
The workshop will produce soybean cake and unrefined oil. Now the corporation has facilities that can produce 1,400 tonnes of soybean cake every month.
“The decision to expand soybean crushing is linked to the realization of the strategic cattle breeding development plan, as soybean cake use in cattle feeding considerably cuts the cash cost. Soybean oil is actively used to make high-calorie fodder mixes at own plant,” the corporation said.
The corporation’s marketing services have started studying exports opportunities and soybean oil markets.
Agroprodservice will expand soybean planted areas and buy it from farmers.
Agroprodservice Corporation was created in 1999. As a diversified enterprise, it operates in 50 settlements in seven districts of Ternopil and Ivano-Frankivsk regions. The company cultivates 37,000 hectares of land.
KYIV. March 28 (Interfax-Ukraine) – Ukraine raised steel roll exports 15% year-over-year in January through February 2016 to 2.8 million tonnes, the Metallurgprom association said in a research note.
The total included 1.28 million tonnes of semi-fabricated products (a rise of 7%).
Pig iron exports jumped 62% to 390,000 tonnes, while ferroalloy exports decreased 17% to 120,000 tonnes.
Exports of flat products increased 25% to 800,000 tonnes, while exports of long products by 19%, to 690,000 tonnes.
The share of exports of total steel roll was 82% compared to 79% in January through February 2015. The share of semi-fabricated products was 46%.
Internal consumption over the period remained steady at 600,000 tonnes.
Ukrainian metal companies in 2015 reported a 15.3% decline in metal products exports, to 17.1 million tonnes.
KYIV. March 25 (Interfax-Ukraine) – Ukraine in January-February 2016 increased electricity exports by 42.2% compared to the same period in 2015, to 708.637 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 for the two months increased by 7% compared to January-February 2015, to 531.213 million kWh.
Electricity supplies to Poland amounted to 174.831 million kWh, while in January-February 2015 they were not carried out.
In January-February 2016 Moldova was supplied 2.593 million kWh of power, Belarus was not supplied electricity.
Ukrainian electricity was not exported to Russia in January-February 2015 and January-February 2016.
At the same time, in February 2016 exports of Ukrainian electricity amounted to 363.033 million kWh, which is 61.5% up year-on-year.
In addition, Ukraine in January-February 2016 imported 10.715 million kWh of electricity against 888.239 million kWh for the two months of 2015.
As reported, Ukraine in January-February 2016 exported electricity worth $29.49 million, in particular in February for $15.425 million. Hungary for the two months was supplied electricity worth $26.224 million, Poland for $3.083 million, Moldova for $180,000, other countries for $3,000.
KYIV. March 25 (Interfax-Ukraine) – Kyiv city authorities have assessed the cost of building the Podilsko-Vyhurivska subway line at UAH 31.5 billion.
This is outlined in the action plan for 2016-2018 on the implementation of Kyiv city development strategy until 2025 approved by Kyiv City Administration order No. 100 dated February 26, 2016.
According to the document, building of the line would help improving traffic coming from Troyeschyna, Lisny, Voskresenka and Raiduzhny areas and Rusanivsky Sady area which development is planned in the future.
According to the plan, UAH 635 million will be spent on construction of the line in 2016, 540 million in 2017, UAH 2.692 billion in 2018, using budget funds, own funds of Kyiv Metropoliten and other sources of financing.
The first phase of the Podilsko-Vyhurivska subway line will have six stations: Hlybochytska (interchange station with Lukianivska), Podilska (interchange station with Tarasa Shevchenko), Sudnobudivna (on the Rybalsky Island), Trukhaniv Ostriv, Zatoka Desenka and Raiduzhna. The line will next be extended to the Troyeschyna area along Mayakovsky Avenue and from Lukianivka via the main railway station of Kyiv to the Kyiv airport in Zhuliany.
Kyiv Metropoliten in February 2016 announced a tender to buy design works (the feasibility study) on building the fourth subway line.
