KYIV. Oct 29 (Interfax-Ukraine) – Novotech-terminal LLC (Odesa) plans to start building an elevator with a grain storage capacity of 110,000 tonnes at Odesa maritime merchandise port.
“Near berth 25 an elevator with a storage capacity of around 110,000 tonnes will be built. As far as I know our partners have drawn up the blueprints which are being examined,” Deputy Head of Administration of Odesa seaport Ruslan Sakhautdinov said at the investment forum “New projects of grain and oilseeds terminals in the ports of Ukraine” in Kyiv on Wednesday.
He said that construction and assembly works will start soon and that the Novotech-terminal has shown good results in grain handling.
“The wagon turnover is 3.5 days compared to eight days at large elevators in Odesa region. This is a very good indicator,” he said.
It is also planned to create a grain complex at berth 7, which is operated by Metals Ukraine.
“[The berth] requires reconstruction. We’re at the stage of designing with the port’s administration. The length of the berth is 350 meters. All the required permits have been received. Next year we’re ready to start construction and assembly works and it could take around two years to finish them,” he said.
Sakhautdinov said that two stevedoring companies – Metals Ukraine and Olimpex Coupe International – are mulling the technology of uniting their elevators into a gallery and would create a “grain hub” on the territory of Odesa seaport.
KYIV. Oct 29 (Interfax-Ukraine) – National Nuclear Generating Company Energoatom in Brussels on Wednesday signed several documents on cooperation with Belgian companies Transnubel Engineering and Tractebel Engineering, the company’s press service has reported.
The press service said that during the negotiations with Transnubel, the possibility of delivering fresh nuclear fuel to Ukrainian nuclear power plants (NPPs) from Sweden’s Westinghouse plant was discussed.
“Transnubel is one of the European leaders in the area of transportation of radioactive materials and affiliated services. The procedures and service provision standards are in line with the EU requirements, ensuring the highest safety level during transportation of radioactive materials,” reads the report.
The protocol of on cooperation with Tractebel Engineering foresees the participation of the Belgian company in the implementation of the comprehensive program on increasing the safety of reactors of Ukrainian NPPs being realized by Energoatom.
The sides are also interested in joint work on a project to increase the capacity of reactors of the VVER-1000 type at Ukrainian NPPs. In addition, Tractebel Engineering is ready to provide engineering and technical support during the completion of construction of reactors three and four of Khmelnytsky NPP and take part in the realization of other projects of new construction by Energoatom.
Energoatom is the operator of all four Ukrainian-based operating nuclear power plants, which have 15 VVER reactors with an overall generating capacity of 13.835 gigawatts.
Tractebel Engineering is a global engineering consultancy company with worldwide expertise in energy, water and infrastructure projects. Tractebel Engineering’s services cover the whole lifecycle of these projects, from feasibility studies to decommissioning.
Tractebel Engineering is part of ENGIE Energy Services, which is the European leader in provision of engineering services in the energy sector.
KYIV. Oct 29 (Interfax-Ukraine) – Izmail maritime merchandise port state enterprise (Odesa region) plans to attract investors to develop the port’s grain handling capacities, Head of the Infrastructure Development Service of the port Liudmyla Hirus has said.
“Since 2002 we’ve been working on the issue of special terminals and today we’ve finished only with technical offers where we discuss two land parcels not far from berth 12 with a gross area of around 1.5 ha and behind berth 26 with area of 3.2 ha,” she said at the investment forum “New projects of grain and oilseeds terminals at the ports of Ukraine” in Kyiv on Wednesday.
Hirus said that the option of a separate railway track to these parcels is foreseen. A capacity of up to 700,000 tonnes a year is planned for the first land parcel with the possibility of servicing vessels of up to 145 meters long and with the draft of up to 5.5 meters.
She said that the cost of the project for the first land parcel as of 2009 was estimated at UAH 27.1 million of capital investment. Today, it is UAH 81 million.
She said that the second site foresees two construction stages. Its capacity is 550,000 tonnes.
The cost of the project in 2001 was UAH 32 million, and today it is around UAH 100 million.
KYIV. Oct 28 (Interfax-Ukraine) – PJSC Kyiv Plant Radar in January-September 2015 saw its net profit rise by 7.3 times under international financial reporting standards (IFRS) compared to the same period in 2014, to UAH 870,000.
According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, its net income for the first nine months increased by 2.4 times, to UAH 46.36 million.
In January-June 2015 Radar saw a net loss of UAH 4.72 million, while in the same period of 2014 the company posted a net profit of UAH 140,000, its net income in the first half of 2015 increased by 41.8%, to UAH 25.64 million.
Kyiv Plant Radar is a basic enterprise in Ukraine’s aviation industry which focuses on the production of airborne radar systems, navigation complexes, and special purpose equipment. It is a monopolist in the production of radar stations, including the Hroza, Buran, and 9B-1101K models.
KYIV. Oct 28 (Interfax-Ukraine) – Members of the Verkhovna Rada have proposed the reduction of value added tax (VAT) from 20% to 15% and the introduction of the automatic tax refund for all amounts confirmed by the electronic VAT administration system.
The provision is contained in the draft tax reform registered in the parliament by 114 deputies on October 26.
The bill provides for the abolition of restrictions on automatic VAT refunds, the introduction of public registration of applications for budgetary compensation, and the disclosure of information about the status of VAT refunds for certain taxpayers and the amount of VAT refunds they claimed. The MPs also proposed the introduction of compulsory VAT refunds according to the order of any given application.
The MPs also offered to solve the problem of the erosion of taxpayers’ working capital due to the increase of the “overdraft” incurred by monthly tax liabilities payable to the average monthly accrued tax liabilities of the taxpayer, as well as to introduce the possibility of recording tax bills late without any replenishment of VAT accounts via the changing the parameters of the formula.
The draft document also states that supervisory authorities should be banned from canceling the amount of tax credit on formal specifics: tax credit can be canceled if an error affects the individual tax number of taxpayers or if it is formed by non-taxable transactions.
KYIV. Oct 28 (Interfax-Ukraine) – Ukraine’s Minister of Foreign Affairs Pavlo Klimkin has stressed the importance of the documents signed between Ukraine and Italy in the context of the implementation of a free trade area (FTA) between Ukraine and the EU.
“The implementation of a free trade area between Ukraine and the EU will start in full from January 1 next year and, of course, we are working to use the entire potential, all the possibilities that will be laid in it,” he said at a briefing with Foreign Minister of Italy Paolo Gentiloni in Kyiv.
He expressed satisfaction that the Ukrainian and Italian parties in their cooperation covered various spheres of interaction.
“In the future we will move to cooperation with the involvement of the regions of Ukraine and Italy,” Klimkin said.
According to him, the documents signed by Ukraine and Italy on October 27 are the evidence of a fruitful work.
“This testifies about special attention we pay to the development of economic cooperation,” the Ukrainian foreign minister stressed.
