Business news from Ukraine

Business news from Ukraine

KYIVMETROBUD SIGNS UAH 4 BLN CONTRACT WITH TURKEY’S LIMAK TO COMPLETE METRO IN DNIPRO

KYIV. April 18 (Interfax-Ukraine) – The CEO of PJSC Kyivmetrobud (Kyiv) on March 6, 2017 signed a subcontractor agreement worth UAH 3.962 billion with Turkey’s Limak Insaat Sanayi Ve Ticaret A.S. to complete subway construction in Dnipro.
According to a company report in the information disclosure system of the National Commission on Securities and the Stock Market, the right to sign the agreement arose in accordance with the decision of the shareholders made on April 27, 2016, who previously approved significant transactions – subcontractor agreements with the ceiling amount of such deals up to UAH 20 billion in the period until April 27, 2017.
The shareholders who own a total of 99.99% in Kyivmetrobud voted for this decision.
As reported, subway construction in Dnipro began in 1982. Six stations in the subway instead of the nine planned have been operating since 1995.
Turkey’s Limak on April 13, 2016 won a tender to continue building the subway. The transparency of the procedure was assessed by the financial donors of the project – the European Bank for Reconstruction and Development and the European Investment Bank. Kyivmetrobud acts as a subcontractor of Limak.

AGRICULTURAL TECHNOLOGY COMPANY TO OPEN SOYBEANS PLANT IN KHMELNYTSKY REGION IN 2017

KYIV. April 18 (Interfax-Ukraine) – Agricultural Technology Company plans in 2017 to complete building a plant for deep soybeans processing with a capacity of 1,500 tonnes per day in Khmelnytsky region, Head of the AdamPol Soja project Dmytro Motuzko has said.
“At the first stage the plant will process non-genetically modified soybeans for soybean meal, oil, and lecithin. In future it is planned to produce soybean concentrates and isolates, which are not produced in Ukraine now,” he said at a press conference.
Agricultural Technology Company is a vertically integrated agrarian company for production of seeds, cultivation of grains, oilseeds and vegetables in Ukraine.
The company grows soybeans, corn and potatoes, annually harvests 250,000 tonnes of various grains and oilseeds from an area of 32,000 hectares.
In 2009, the company commissioned a Cimbria Unigrain A/ S seed factory in Denmark.
The company plans to sell products under the AdamPol Soja brand.

SALES OF RENAULT CARS IN UKRAINE 60% UP IN Q1, 2017

KYIV. April 18 (Interfax-Ukraine) – Sales of Renault cars (passenger cars and light commercial vehicles) in January-March 2017 increased by 60.2% compared to the same period in 2016, to 2,238 units, according to a press release from Renault Ukraine.
At the same time, the brand became the leader of the Ukrainian market of passenger cars and light commercial vehicles (with a total weight up to 3.5 tonnes) with a share of 12.4%.
Its share in the commercial segment was 25%, it sold 400 cars, which is twice as much from the first quarter of 2016. The most sold cars in this segment are Renault Logan and Renault Duster.
According to the company, a wide range of models, a qualified dealer network, as well as its own lending and leasing Renault Finance program, launched in 2007, contributed to the sales of cars. More than 20,000 customers have already benefited from it.
PJSC Renault Ukraine, a 100% subsidiary of France’s Renault, was registered in 2005. Its dealer network consists of 30 dealers.

NEW TERMINAL OF ODESA AIRPORT ACCEPTS FIRST PASSENGERS

ODESA. April 18 (Interfax-Ukraine) – A new terminal of Odesa International Airport has accepted first passengers.
According to the airport press service, starting from Saturday’s flight PS057 Kyiv (Boryspil)-Odesa, the new terminal will accept and service passengers of domestic flights of the airlines flying on the Kyiv (Boryspil)-Odesa and Kyiv (Zhuliany)-Odesa routes.
“After working out the technologies for servicing domestic flights, the next stages will be the transfer to the new terminal of passengers of charter and international scheduled flights,” the press service added.
As reported, in early July 2011 Odesa City Council agreed to participate in joint venture Odesa International Airport LLC, which was created to reconstruct municipal enterprise Odesa International Airport. The second participant in the JV was Odessa Airport Development Ltd. with a charter capital of about UAH 1,000.

UKRGASBANK STARTS TO ISSUE INTEREST-FREE LOANS FOR ELECTRIC CAR PURCHASE

KYIV. April 18 (Interfax-Ukraine) – The state-owned Ukrgasbank in cooperation with Oxygen Group and ULF Finance have started to issue interest-free loans for the purchase of electric cars, the bank’s press service reported.
The loan program is designed for four years. Loans will be issued at an interest rate of 0.001% a year with the first installment of 40% of the car price.
At the same time, Oxygen Group provides free access to its network of charging stations for the first year of operation of the purchased electric car.
Earlier, Ukrgasbank began to issue loans at 0.01% per annum for the purchase and installation of domestic solar power plants, collectors and heat pumps.

UKRAINE’S ENTERPRISES POST UAH 75.6 BLN PRETAX PROFIT IN 2016 – STATISTICS

KYIV. April 18 (Interfax-Ukraine) – Ukrainian enterprises received pretax profit in the amount of UAH 75.6 billion in 2016, while in 2015 their loss was UAH 236.6 billion, the State Statistics Service has said.
According to the service, last year 73.5% of Ukrainian enterprises worked profitably and received UAH 328.9 billion of profit, which is 12.6% more than in 2015.
At the same time, 26.5% of enterprises were unprofitable. Their losses in 2016 halved compared to 2015, to UAH 253.3 billion.