KYIV. August 4 (Interfax-Ukraine) – State enterprise Antonov (Kyiv) has introduced a modern product lifecycle management (PLM) system for new aircraft models based on Siemens PLM software, which uses the “without drawings” technology, which is based on 3D models, the press service of the company has reported.
“The use of modern digital technologies in the creation and maintenance of complex technical objects like aircraft is the requirement of time, a prerequisite for the successful integration of the enterprise into the world aircraft industry,” the press service said, citing Antonov Acting President Mykhailo Hvozdev.
He said that Antonov experts have developed a normative and methodological base of electronic projects and have formed a database of electronic models of standard, unified, purchased components (about 300,000), as well as other materials used.
“In this direction we have been successfully cooperating with Siemens for three years and are ready to continue this cooperation,” he said.
Antonov has for the first time fully used the new technology in the design and building of the first prototype of the transport An-178 aircraft.
“It allows for reducing costs for implementing the program, significantly reduce the terms and improve the quality of manufacturing certain components and aircraft as a whole,” the report said.
KYIV. Aug 4 (Interfax-Ukraine) – The Ukrainian economy is showing signs of stabilization, however to restore economic growth it is crucial to continue the current balanced policy and structural and institutional reforms, the International Monetary Fund (IMF) has said.
“The Ukrainian economy remains fragile, but encouraging signs are emerging. In recent months, the exchange rate has stabilized, domestic-currency retail deposits have been increasing, and the pace of economic decline is moderating. Continued prudent policies and further reforms should allow the economy to turn the corner and growth to resume in the period ahead,” the IMF press service reported, citing IMF First Deputy Managing Director David Lipton who was speaking after the IMF Executive Board’s discussed the issue of the second tranche of the EFF program for Ukraine.
“Restoring a sound banking system is the key for economic recovery. To this end, the strategy to strengthen banks through recapitalization, reduction of related-party lending, and resolution of impaired assets should be implemented decisively,” he said.
“Maintaining an appropriately tight monetary policy and building up official foreign exchange reserves will be critical to entrenching external stability and anchor inflation expectations. As disinflation takes root, monetary policy can be carefully eased to support economic activity. Removal of administrative measures on foreign exchange operations should proceed in a gradual and sequenced manner, once the enabling conditions are in place,” Lipton said.
KYIV. Aug 3 (Interfax-Ukraine) – The Ukrainian associations of automobile (Ukrautoprom) and agricultural machinery building (Ukragromash), jointly with the National Academy of Agrarian Sciences, are combing their efforts to revive the industry on the basis of cooperation between research institutions and producing enterprises, promoting the technical level and competitiveness of agricultural and wheel transport equipment.
Ukrautoprom President Mykhailo Reznik said at a press conference that a coordination center for the innovative development of domestic agricultural and motor engineering was created for this purpose.
“The idea is to unite efforts with agricultural machinery producers having similar problems. For instance, today 80% of both car market and agro machinery market is occupied with imported vehicles, while we are losing competitiveness. The highest agricultural import of agro machinery is from China,” he said.
According to him, industrial cooperation is planned within the framework discussed at Zaporizhia Automobile Plant (ZAZ) and PJSC Chervona Zirka.
“Chervona Zirka has a new foundry line, and we have direct links with China, for example,” Reznik said.
He noted that there are also grounds for such cooperation because of the fact that up to 90% of components in the automotive and agricultural machinery sectors are virtually identical.
KYIV. Aug 3 (Interfax-Ukraine) – PJSC State Food and Grain Corporation of Ukraine, as part of its program of spot purchases, has acquired about 545,000 tonnes of grain from farmers for UAH 1.8 billion.
According to a post on the company’s website, since the beginning of the new marketing season it has purchased around 108,000 tonnes of wheat, more than 182,000 tonnes of feed wheat, about 250,000 tonnes of barley and more than 5,000 tonnes of other crops (maize, rapeseeds) on the domestic market under spot contracts.
“Active spot purchases, primarily from agricultural producers, are aimed mainly at providing the trade and export activities of the corporation, as well as downloading its processing enterprises with raw materials,” corporation deputy head Denys Polezhayev said.
According to him, the corporation is conducting procurement in 16 regions. At present, 360 contractors cooperate with the corporation under spot agreements.
KHARKIV. Aug 3 (Interfax-Ukraine) – Ukrainian Prime Minister Arseniy Yatseniuk has instructed local governments to suggest their investment projects to the government which will be financed by the state in 2016.
“The government issued instructions that you should start to prepare investment and infrastructure projects for 2016,” Yatseniuk said at a meeting of the government with heads of regional administrations of eastern and southern regions, which was held in Kharkiv on Friday.
He said that the government had changed its procedure on the selection of investment projects which would use public funds.
Yatseniuk said that according to the changes to the Budget Code, local budgets would be passed by local authorities without waiting for the adoption of the state budget. He also instructed regional administrations to participate in the preparation of local budgets.
“Don’t wait. You already have got a clear picture [of the situation] in the past seven months, you can begin to forecast your budgets as soon as possible, so that you should have the approved budgets in November or December,” he said.
As reported, on July 22 the Cabinet of Ministers established the interdepartmental commission for public investment projects which will select investment projects and determine the volume of their financing.
For the first time, new principles of public investment management will be used in the formation of the draft national budget for 2016. The selection of projects is scheduled to begin in July 2015, and the first meeting of the commission will be held in September. The procedure of project selection provides for conducting state examination, a clear economic justification, and determining the expected economic effect.
KYIV. Aug 3 (Interfax-Ukraine) – Ukraine’s Prime Minister Arseniy Yatseniuk has said that the second tranche, $1.7 billion, of the International Monetary Fund (IMF) loan, due to arrive in next few days, will be used to fill the gold reserve of the National Bank of Ukraine.
“Back in February our reserves of the National Bank stood at just $5.6 billion, and this whole amount disbursed by the IMF will go into the National Bank’s gold reserve,” he said on the “Ten Minutes with the Premier” program on the Espreso television on Sunday evening.
That the IMF is disbursing the second tranche shows that Ukraine is taking steps to fight corruption, the prime minister said.
It was reported that the IMF had approved a SDR12.348 billion (around $17.5 billion) Extended Fund Facility (EFF) program on March 11 this year, to support economic stabilization in Ukraine, and setting out broad and deep economic reforms aimed at restoring steady growth in the medium term and increasing the country’s living standards.
Overall, the four-year $17.5 billion program includes four tranches to be disbursed to Ukraine in 2015. The first tranche, $5 billion, has already been paid out. The other three will be $1.7 billion each. Four annual tranches, $620-630 million each, are expected to be disbursed over the next three years.
On July 31 the IMF Board of Governors completed the first review of how Ukraine implements the economic program propped up with the EFF loan, and approved a disbursement of the loan’s second tranche in the amount of SDR1.1821 billion (1.7$ million). The Ukrainian Finance Ministry said it is expecting to receive the money in the next few days.
Ukrainian Deputy Prime Minister Hennadiy Zubko said later that some of these funds would be used to support and stabilize the Ukrainian financial system, some to pay off debts, including those for gas and of the previous years.
