KYIV. May 10 (Interfax-Ukraine) – The Ukrainian Automobile Corporation (UkrAVTO) at the end of April supplied two first low-deck medium class city buses ZAZ10C out of 11 foreseen in the contract to Warbus (Poland), the press service of the corporation reported on Friday.
Buses made by Zaporizhia Automobile Plant (ZAZ) after their presentation to city authorities are used in the streets of Oborniki (Poland).
“Warbus company from Poland that bought the buses offered the optimal cost per kilometer of exploitation thanks to the price and quality ratio of the Ukrainian products,” the press service said.
The corporation said that funds from the Ukrainian national budget are spent to buy buses made in Russia.
“The importance of the contract signed with the Ukrainian bus manufacturer cannot be overestimated, as the optimal cost was not the only parameter: safety requirements, comfort options for passengers and meeting tough environment standards of the European Union were also taken into consideration,” the press service said.
The cost of the contract and tender participants are not disclosed.
KYIV. May 10 (Interfax-Ukraine) – The decision of the European Parliament to increase the tariff rate quotas for Ukrainian agricultural products would allow additionally receiving around $200 million in sales volumes, Ukraine’s Agricultural Policy and Food Ministry has reported.
“The decision to increase the Ukrainian food quotas it important for us and would allow expanding our exports opportunities. Ukraine would gain around $200 million in sales volumes,” Minister Taras Kutoviy said.
He said that the decision of the Committee on International Trade (INTA) of the European Parliament not to increase the quotas for imports of Ukrainian wheat, tomatoes and urea is an interim stage. The European Parliament and the Council of Ministers of the EU will discuss the issue.
The minister expects that the final decision for the quotas will be made by late May.
KYIV. May 10 (Interfax-Ukraine) – Public joint-stock company Ukrzaliznytsia saw UAH 12.8 million of net profit in January-March 2017, while a year ago its net loss stood at almost UAH 2 billion, the company’s press service reported, referring to a consolidated report.
Net sales income over the period totaled almost UAH 18 billion (21.5% up year-over-year).
Financial costs fell by 21%, to UAH 909.9 million. Financial revenue almost quadrupled, to UAH 18.5 million.
“The financial policy of the public joint-stock company allowed boosting stocks and cutting noncurrent and current liabilities, which influence the general financial figures. In addition, a share of short-term liabilities is falling, giving better financial stability to the company in the medium term outlook,” the company said.
Earlier according to a company report posted in the information disclosure system of the National Commission for Securities and the Stock Market, its net profit was almost UAH 48 million.
Ukrzaliznytsia told Interfax-Ukraine that the difference between the figures is linked to the fact that the earlier published report did not include indicators of some private joint-stock company incorporated in the company and affiliated companies.
KYIV. May 10 (Interfax-Ukraine) – U.S. venture fund General Catalyst has invested $110 million in IT company with Ukrainian roots Grammarly.
Bloomberg has reported that the startup makes software that underlines awkward words and phrases in the user’s writing and makes suggestions, similar to a feature in Microsoft Word.
“The software tailors the tone and word choice of personal or professional writing for the 6.9 million people using the tool daily, many of whom interact with the service through a web browser extension for Google Chrome,” Bloomberg said.
According to a website of the company, Grammarly has offices in San Francisco, New York and Kyiv.
KYIV. May 10 (Interfax-Ukraine) – Public joint-stock company Ukrgasvydobuvannia intends using the proceeds of a $76 million equivalent loan from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) for a project of increasing the production from existing wells owned and operated by the company, the EBRD has said on its website.
The proposed project will require the procurement of the following goods, works and services: gas-turbine and reciprocating compressors and mobile well workover rigs of different loading capacity.
Tendering for the above contracts is expected to begin in the third quarter of 2017.
Ukrgasvydobuvannia told Interfax-Ukraine that the deal has been signed in a form typical for urgent procurement: first tenders are held, then agreements with banks are signed and the funds are provided.
KYIV. May 5 (Interfax-Ukraine) – DTZ international consulting company in Ukraine (Kyiv) has conducted rebranding and from May 1, 2017 changed its name to Cushman & Wakefield, according to a press release from the company.
“The rebranding occurred as a result of the merger of DTZ and Cushman & Wakefield, which led to the creation of one of the world’s leaders that provides consulting services in the field of commercial real estate,” DTZ said in an official letter to clients and partners.
According to the company, the change in the brand did not affect the composition of the management and the DTZ team in Ukraine, they will continue working in the former office.
DTZ was founded by Chesshire Gibson, which began operations in Birmingham (the United Kingdom) in 1784. It provides comprehensive services and solutions for investment, leasing, management and maintenance of real estate, as well as management of construction, assets, investments, projects and object evaluation.
Cushman & Wakefield was founded in 1917 and is the leading consultant in the field of commercial real estate with an annual income of over $6 billion. The company has about 45,000 employees in more than 70 countries.
