KYIV. July 22 (Interfax-Ukraine) – Ukraine could take part in Turkish defense programs on the creation of some types of armament, a source in the defense sector has told Interfax-Ukraine.
The source said that among the most discussed initiatives on military cooperation are aircraft engine, armored vehicle and tank production.
“This concern the program of the national Turkish helicopter [which is] being designed on the platform of the European Augusta: Turkey is interested in its own engine. The country also showed interest in cooperation in the program [to produce] a Turkish fighter aircraft, including in the context of joint design and production of the aircraft engine,” the source said.
“The sides are discussing the options of organizing production both at facilities in Ukraine and Turkey, depending on expenses planned by Turkey and the terms of the realization of defense programs. At the present stage, it is mainly the technical discussion, and the economic discussion is at the initial stage,” the source said.
The source said that the sides are working on plans of technological cooperation in armored vehicle and tank production.
“The interest of Turkish partners includes Ukraine’s experience, including in the areas of explosive reactive armor and engine building,” the source said.
“The possibility of Ukraine’s participation in the program on the creation of Turkish third generation main battle tank Altay is being discussed,” the source said.
Urgent issues of Ukrainian-Turkish cooperation, including military cooperation, were discussed during a visit of Turkish President Recep Tayyip Erdogan to Kyiv in March.
According to the Ukrainian government, armored vehicles, tanks, aircraft engines, radar, navigation devices, communications and missile armament are considered as promising areas of Ukrainian-Turkish military cooperation.
KYIV. July 22 (Interfax-Ukraine) – The Board of Directors of the International Monetary Fund (IMF) may hold a meeting on July 31 and could decide to provide a new tranche of $1.7 billion to Ukraine, Ukrainian Prime Minister Arseniy Yatseniuk has said.
“It is expected that the meeting of the IMF Board could be held on July 31. This would allow Ukraine to receive the new tranche of $1.7 billion,” he said at a cabinet meeting on Wednesday.
Yatseniuk added that the laws passed by the Ukrainian parliament have opened up additional financial opportunities for Ukraine worth $3.2 billion.
As reported, it was initially planned that the IMF Board would approve the second tranche of $1.7 billion under the Extended Fund Facility (EFF) by late June, however the decision was postponed until the end of July.
KYIV. July 22 (Interfax-Ukraine) – When the Deep and Comprehensive Free Trade Area (DCFTA) between Ukraine and the European Union comes into effect Ukrainian companies will have to prove the compliance of their products with European standards, Director of the Government’s Office for European Integration of the Secretariat of the Cabinet of Ministers Natalia Hnydiuk has said.
“On January 1, 2016 we would not have all four freedoms linked to the free trade area opened. We would have an opportunity of the use, but we should prove this possibility and prove in steps that [Ukrainian companies]… can supply goods and services to the European Union market,” she told reporters in Kyiv on Tuesday.
She said that the DCFTA will take effect on January 1, 2016, however a lot depends on how effectively Ukraine introduces EU standards, as an open market for European goods and services will quickly start working in the country.
“We have the quota for six groups of goods, but Ukraine does not supply all the goods under other groups’ quotas, and the increase of quotas is the issue to be discussed by the EU,” she said.
Hnydiuk said that in 2015, programs aimed at supporting small and medium businesses, regional development, and the development of media will be realized in Ukraine.
“When we speak about top-priority areas [for Ukraine], we speak about those areas where we can be very concrete… [particularly] state procurement, agriculture, postal services, transportation – we should strongly develop these areas,” she said.
She added that as part of cooperation between Ukraine and the EU a meeting of the Sub-Committee on Energy, Transport and Environment will be held in October.
On July 12-16, the first meeting of the Ukraine-EU Association Committee took place in Brussels (Belgium).
KYIV. July 21 (Interfax-Ukraine) – Bank Trust (Kyiv) will increase its charter capital by UAH 51 million, or 73.91%, to UAH 120 million, by issuing additional shares.
According to a bank report in the information disclosure system of the National Commission on Securities and the Stock Market, its shareholders at a general meeting on July 14 decided to increase the charter capital.
The bank will conduct a private placement of additionally issued shares with a par value of UAH 1.
As reported, in July of this year the National Bank of Ukraine (NBU) allowed the co-owner of Ukraine’s large confectionery company AVK, Volodymyr Avramenko, to acquire 100% in Bank Trust.
According to information on the NBU website, as of March 8 the owners of Bank Trust were three citizens of Russia: Ilya Yurov – 44%, Nikolai Fetisov and Sergei Belyaev – 28% each.
Bank Trust was registered in 2007.
Bank Trust ranked 81st among 133 banks operating in the country on April 1, 2015 by total assets (UAH 849.8 million), according to the NBU.
KYIV. July 21 (Interfax-Ukraine) – New supply on the office property market in Kyiv in 2015-2016, if all declared projects are commissioned on time, will total around 76,500 square meters, and by late 2015 it is planned that three key business centers with a gross lettable area (GLA) of some 37,000 square meters will be commissioned, Colliers International consulting company said in a press release issued on Monday.
“Among key projects that would enter the market by late 2015: Sigma business center with GLA of 19,500 square meters, a business center at 56, Chervonozoriany Avenue with GLA of 12,000 square meters and a business center at 3, Novovokzalna Street with GLA of 5,500 square meters,” the company said.
Colliers International said that in January-June 2015 four office facilities were commissioned in Kyiv with a total GLA of around 41,300 square meters: a business center at 132 Holosiyivsky Avenue with a GLA of around 15,300 square meters, a business center at 10 Verkhniy Val Street with a GLA of some 10,000 square meters, and a business center at 46 Gorky Street, and a business center at 8 Dorohozhytska Street, with a GLA of around 8,000 square meters each.
In H1 2015, the total supply of offices in Kyiv reached around 1.731 million square meters, the company said.
Collіers International provides services on commercial real estate. It unites over 16,300 specialists, working in 502 offices in 67 countries.
The representative office of Collіers International in Ukraine was established in Kyiv in 1997.
KYIV. July 21 (Interfax-Ukraine) – Kernel, a large Ukrainian agrarian group, in FY 2015 that began in July 2014 increased grain sales by 12% year-over-year, to 4.744 million tonnes, the company said in a report on the Warsaw Stock Exchange (WSE).
The company said that bulk sunflower oil sales rose by 12%, to 1.03 million tonnes and bottled oil sales grew by 5%, to 98.914 million liters.
Over the period the holding crushed 2.523 million tonnes of oilseeds, which is 8% up year-over-year.
In April-June 2015, bulk oil sales were up by 1%, to 300,292, and sunflower oil sales were seasonally weak: they fell by 5%, to 18.134 million liters. A decline in domestic sales was due to lower purchasing power, which was more than compensated by growth in export deliveries.
Grain exports in Q4 FY2015 grew by 11% year-over-year, to 712,770 tonnes. Exports from Russia remained weak during the last quarter as farmers delayed export sales in expectation of a review of the high wheat export duty.
Export terminals’ throughput growth in FY2015 of 23% y-o-y to 4.8 million tons reflected the company’s execution of grain sales, as well as a higher share of grain delivered through our own export terminals. Export terminals’ throughput amounted to 949.6 thousand tons in Q4 FY2015 (up 13% year-over-year).
Kernel is a vertically integrated company which has been operating in the Ukrainian agribusiness sector since 1994. The group produces sugar and sunflower oil, distributes bottled oil under the brand names Schedry Dar, Stozhar and Chumak Zolota, exports oil and grain, and provides elevator storage services for grain and oilseeds.
