Business news from Ukraine

Business news from Ukraine

AVTOKRAZ EXPANDS MODELS OF ENGINES FOR TRUCKS THANKS TO FORD-ECOTORQ EURO 5 ENGINE

KYIV. Sept 3 (Interfax-Ukraine) – Public joint-stock company AvtoKrAZ (Kremenchuk, Poltava region), the only Ukrainian producer of heavy trucks, as a part of adaptation of new engines for its trucks, has started mounting Ford-Ecotorq engines rated at 360 hp meeting Euro-5 emission standard to mass-produced trucks, the company said in a press release on Tuesday.

The company said that the KrAZ-63221 mass-produced chassis intended for conversion into special vehicles are powered with the Ford-Ecotorq turbocharged engine.

Previously the engines made by this manufacturer were mounted on light armored vehicles as KrAZ-Spartan.

The Ford-Ecotorq 9.0L 360PS engines offering increased horsepower and displacement of 9 liters mounted on the KrAZ trucks are the most compact in their class.

The Ford-Ecotorq 9.0L 360PS engine features extended service life, increased horsepower and torque, reduced fuel and oil consumption, increased intervals between maintenance, quick start at extreme temperatures, direct fuel injection and the electronic control unit.

The company said that that since 2014 AvtoKrAZ has switched over to using engines made by manufacturers from European and CIS countries, sticking to import substitution policies.

“The monthly number of engines that KrAZ placed an order for at [Russia’s] YaMZ is compensated by engines made by Deutz, Cummins, Daimler, Fiat, WEICHAI, and Ford, Toyota,” the press service said.

The press service told Interfax-Ukraine that since 2015 AvtoKrAZ has stopped buying materials and spare parts from Russian manufacturers.

AvtoKrAZ now buys electrics in Poland and Belarus, bearings in Poland, Turkey and India, flat steel – in Poland and the Czech Republic, the company is working on supplies from China, metal goods are bought in Kryvy Rih, and Zaporizhstal almost covers supplies of Russia’s Novolipetsk steel works in full.

“All contracts were terminated under the initiative of Russia,” the press service said.

AvtoKrAZ makes 33 basic vehicle models, and more than 260 modifications and trim levels for civilian and military vehicles.

UKRAINE RESUMES ELECTRICITY EXPORTS TO POLAND AS EMERGENCY AID ON SEPT 1 – UKRENERGO

KYIV. Sept 2 (Interfax-Ukraine) – Ukraine on September 1 resumed exports of electricity to Poland as emergency assistance, the press service of NEC Ukrenergo has reported.

According to its data, exports are carried out on the basis of a tripartite agreement between PSE S.A., Energomarket and Ukrenergo for power transmission via the 220 kV Dobrotvirska TPP-Zamosc power grid.

At present, the line transmits 135 MW with a maximum technical capability of 235 MW.

“Providing emergency assistance for neighboring states is a common practice in European countries. Our specialists are ready to provide smooth and reliable transportation of energy to the brotherly country [of Poland],” Ukrenergo Acting Director Yuriy Kasich has said.

The company emphasized that the priority for Ukrenergo is ensuring a balanced and reliable unified energy system of Ukraine.

KHERSON SHIPYARD FINISHES BUILDING FIRST TUG FOR PANAMA’S KIRGAN HOLDING

KYIV. Sept 2 (Interfax-Ukraine) – Public joint-stock company Kherson Shipyard, part of Smart Maritime Group (SMG), has finished building a ALTAIR tug of the Т2440 Project under the order of Кirgan Holding S.A. (Panama).

The press service of SMG reported that the new vessel was launched at the enterprise.

The tug was built under a contract to build two Т2440 Project tugs which was signed in November 2014 between SMG and Kirgan Holding S.A.

“At present, the second ANTARES tug is being built,” the company said.

Kherson Shipyard and Chornomorsky Shipbuilding Yard (Mykolaiv) are part of SMG, the shipbuilding holding founded in 2009 to manage the maritime assets of Smart-holding.

CANADA WILL GRANT EUR200,000 TO UKRAINE TO SUPPORT NATIONAL REFORMS COUNCIL

KYIV. Sept 2 (Interfax-Ukraine) – Canada will provide Ukraine with a grant of EUR200,000 to support the National Reforms Council, Senior Communications Adviser at the European Bank for Reconstruction and Development (EBRD) Anton Usov wrote on his Facebook page.

“The funds are provided by the Canadian Department of Foreign Affairs, Trade and Development (DFATD). They will help financially support highly qualified Ukrainian professionals who work in the government, as well as to attract new staff,” he wrote.

According to Usov, the agreement on providing the grant was signed by Ambassador of Canada to Ukraine Roman Waschuk, Vice President of Agriteam Canada Consulting Ltd. Gayle Turner, and EBRD Director in Ukraine Sevki Acuner.

BORYSPIL TO DO ITS BEST TO FINISH CONSTRUCTION OF PARKING ZONE IN 2016 – AIRPORT HEAD

KYIV. Sept 2 (Interfax-Ukraine) – A court ruling on revoking the agreement between Boryspil International Airport and a contractor – public joint-stock company Construction Department 813 (both based in Kyiv) – to build a parking zone at the airport, would allow the airport to finish building the important infrastructure facility and open it, the acting director general of the airport, Yevhen Dykhne, has told Interfax-Ukraine.

He said that the airport plans to return advance payments of over UAH 93 million. The decision would ensure that relations with the unfair contractor would be officially terminated and a new contractor could be selected.

“Under the order of the Cabinet of Ministers of Ukraine potential investors to complete the parking zone are being searched for. The information is posted on the airport’s website. Understanding the importance of launching the facilities, the airport foresees the possibility of finishing construction using its own funds as a fallback, and investment in the draft financial plan of the company for 2016 is foreseen. The project would be soon revised with the purpose of the gradual launch of the facility,” Dykhne said.

He said that under the project approved in 2012, additional financing of the project by around UAH 180 million would be required.

He said that the launch of the parking zone depends on the path that would be chosen to settle the problem.

“Anyway, the airport would do its best to finish the works in 2016,” he said.

UKRAINE BECOMES MEMBER OF BELARUS, IRAN, SERBIA’S WORKING GROUPS TO JOIN WTO

KYIV. Sept 2 (Interfax-Ukraine) – Ukraine has become a member of working groups of Belarus, Iran and Serbia for their joining to the World Trade Organization (WTO).

“If we do not take into account the hard-core developing countries, Belarus, Iran and Serbia are the most important countries for us. We entered working groups of these countries for their joining WTO,” Deputy Economic Development and Trade Minister and Trade Representative of Ukraine Natalia Mykolska said in an interview with TOP-100.

She said that Belarus has some trade restrictions for Ukrainian goods, in particular, ecological tax on cars, and now and then sanitary measures against Ukrainian goods are introduced. Mykolska said that there are some problematic issues for Ukraine with the Eurasian Economic Union, and they could be settled at the level of liabilities on Belarus’ joining WTO.