KYIV. Sept 10 (Interfax-Ukraine) – A delegation of the largest state-owned oil and gas company in Poland PGNiG has visited public joint-stock company Sumy Machine-Building Science and Production Association (Sumy NPO) to study the technical and industrial manufacturing capabilities of the association to ensure that the Sumy engineers meet their high standards.
The association said in a press release on Wednesday that the delegation visited the association as part of active negotiations to attract the Ukrainian company to the implementation of projects in Poland.
Head of Bureau of Sales Division Oleksandr Tatarinov said that the primary task for Sumy NPO is closer cooperation with PGNiG, which is one of the largest Polish potential customers of products that the company produces.
The company held many presentations and participated in various exhibitions and business events to establish contact with PGNiG.
“As a result, they showed their interest in Sumy NPO, and this visit is a kind of turning point: if our guests are satisfied by what they’ve seen, we will get a real chance to become partners. In particular, the company is now competing for orders to produce reciprocating compressors for PGNiG, and we hope that this visit will help the potential partners to make their choice,” the press service of the Sumy company said, citing Tatarinov.
The press service said, citing Deputy Director for Operations of PGNiG Andrzej Raychek, that he is pleasantly surprised with the fact that the association has a complete production cycle, from manufacturing castings to tests of equipment in conditions close to real use. The company even has its own design bureau and a team of installers who are able to commission any facility.
“In Europe, this integrated approach is almost not practiced – companies mostly occupy one segment. Another important factor is that Sumy NPO pays attention to the fact that the equipment operates significantly longer than its service period – not years, but decades. This approach to business is worthy of respect,” Raychek said.
According to the report, next week, the delegation of specialists of the enterprise headed by General Director Oleksiy Tsymbal will go to Warsaw where they will take part in one of the key oil and gas exhibition forum in Europe – the Nafta-Gaz-Chemia 2015 exhibition.
KYIV. Sept 9 (Interfax-Ukraine) – The Polish government has decided to issue a loan of up to EUR100 million to Ukraine to finance exports of goods and services from Poland to Ukraine, including the modernization of border road infrastructure and the construction of Ukrainian-Polish border crossings.
According to a report on the official website of the Polish premier, Polish Prime Minister Ewa Kopacz announced the issue of a preferential government loan to Ukraine in January this year during a visit to Ukraine.
“This initiative confirms Poland’s interest in providing assistance to other states and strengthens the position of our country as a donor, which should be positively evaluated through the countries of the Organization for Economic Cooperation and Development,” the report said.
KYIV. Sept 9 (Interfax-Ukraine) – Grains and leguminous crops in Ukraine as of September 8 had been threshed on 10.4 million hectares, or 71% of the forecast, and the country had harvested 37.5 million tonnes of grains with the average yield being 35.9 centners per ha, the Ministry of Agricultural Policy and Food has said.
According to the ministry, corn has been threshed on 43,000 hectares, its harvest amounted to 177,000 tonnes with the average yield being 40.9 centners per ha.
Buckwheat was threshed on 89,000 hectares, or 67% of the area, 107,000 tonnes have been harvested with the average yield being 12.1 centners per ha.
Millet was threshed on 90,000 hectares, or 84% of the area, 181,000 tonnes have been harvested with the average yield being 20.1 centners per ha.
Soybeans were threshed on 266,000 hectares, or 12% of the forecast, 461,000 tonnes have been harvested with the average yield being 17.3 centners per ha.
Sunflower was threshed on 648,000 hectares, or 13% of the forecast, 1.2 million tonnes have been harvested with the average yield being 19.2 centners per ha.
The largest grain harvest was recorded in Odesa (3.1 million tonnes), Kharkiv (2.9 million tonnes), Dnipropetrovsk (2.8 million tonnes), Zaporizhia (2.6 million tonnes), Mykolaiv (2.5 million tonnes), Kherson (2.4 million tonnes), and Vinnytsia regions (2.3 million tonnes).
KYIV. Sept 9 (Interfax-Ukraine) – Ukraine in January-August 2015 exported 19,540 tonnes of pork, which is 5.2 times more than in the same period in 2014.
According to customs statistics made public by the State Fiscal Service of Ukraine, in monetary terms exports of these products for the eight months totaled $41 million.
Pork imports for the period amounted to 2,867 tonnes against 21,300 tonnes a year earlier. In monetary terms, the figure amounted to $6.54 million.
Exports of poultry and offal rose by 1%, to 105,365 tonnes. Poultry exports amounted to almost $147.073 million. Imports amounted to 32,790 tonnes, worth $21.617 million, which is 2% more than in January-August 2014 when the figure was 32,160 tonnes, worth $33 million.
KYIV. Sept 9 (Interfax-Ukraine) – Banks participating in the state program of partial compensation for the cost of loans for thermal modernization and measures to improve energy efficiency in the residential sector in Ukraine have since the beginning of its implementation last year, and as of September 7, 2015, issued 25,434 loans totaling UAH 428.8 million.
According to the State Agency on Energy Efficiency and Energy Saving of Ukraine, during the period from September 1 to September 7 banks had issued loans for UAH 39.3 million.
As reported, with reference to the energy efficiency agency, as of August 31, 2015 the banks participating in the program had provided 23,107 loans totaling UAH 389.5 million.
According to the agency, by the middle of August 2015 the members of the state program were in particular state-controlled Oschadbank, Ukreximbank and Ukrgasbank, which issued loans at 25% per annum.
KYIV. Sept 9 (Interfax-Ukraine) – The recent increase in deposits in the national currency by almost 4% is an encouraging trend in the country’s banking sector, Ukraine’s President Petro Poroshenko has said.
“At the cost of enormous efforts we managed to save the hryvnia, improve the balance of payment and that of trade, which are currently already in surplus, to ensure the growth of deposits in hryvnias by nearly 4%, which is a testament to the encouraging trend in the banking sector,” Poroshenko said during an extended meeting of the Cabinet of Ministers in Kyiv in Tuesday.
According to him, the statistics of the past two months give hope that “the inflation will gradually go down, the growth in prices will stop and there will be no hyperinflation, which was predicted.”
The restructuring of foreign debts to private creditors has played an important role in stabilizing the financial situation in Ukraine, Poroshenko said.
He also said that at the beginning of this year the country’s foreign exchange reserves stood at $5 billion, and now this figure has grown to $13 billion.
The hryvnia’s exchange rate has currently stabilized at the level of UAH 22 per $1.
