Business news from Ukraine

Business news from Ukraine

KYIV ELECTRIC CAR REPAIR PLANT POSTS UAH 11 MLN LOSS, REDUCES REVENUE BY 41% IN Q1 2022

JSC Kyiv Electric Car Repair Plant, part of the structure of Ukrzaliznytsia, in January-March 2022 received a net loss of UAH 10.96 million against a net profit of UAH 2.61 million for the same period in 2021.
According to the interim financial report of the enterprise, published in the information disclosure system of the National Securities and Stock Market Commission, its net income in the first quarter decreased by 40.7% – to UAH 77.37 million.
The plant received a gross loss of UAH 3.37 million (against a profit of UAH 6.74 million a year earlier), almost UAH 10 million of loss was received from operating activities.
According to the plant, in the first quarter of this year, it sold five repaired electrical sections for UAH 75.63 million (in January-March 2021 – nine sections for UAH 118.5 million), two wheel sets and three electric machines (a year earlier – one pair and 108 electric machines).
Kyiv Electric Car Repair Plant was founded in 1868 as a workshop for the repair of steam locomotives and wagons. It specializes in the overhaul of electric trains for the railways of Ukraine, the repair of components and assemblies, electric machines, electric motors and wheelsets, the manufacture of spare parts.

, ,

KYIV DEMANDS FROM RUSSIA TO STOP PLUNDER OF GRAIN, UNBLOCK UKRAINIAN PORTS, RESTORE FREEDOM OF NAVIGATION – MFA COMMENT

The Ministry of Foreign Affairs of Ukraine (MFA) strongly condemns the Russian Federation’s actions in disposing of grain that was illegally seized from Ukrainian farmers.
“The Ministry of Foreign Affairs of Ukraine strongly condemns the Russian Federation’s actions in disposing of grain that was illegally seized from Ukrainian farmers. Russian occupants are stealing Ukrainian grain and either consuming it themselves or attempting to sell it on international markets. The plunder of food supplies from the territory of an independent sovereign state is one of the aspects of looting,” the MFA said in a comment posted on the website on Wednesday.
“The Ministry of Foreign Affairs of Ukraine warned consumer countries that grain consignments exported by Russia could contain stolen grain obtained as a result of Russian occupation authorities’ plundering. Any country that knowingly purchases stolen grain is considered to be complicit in the crime.”
According to existing information, the occupants have already seized at least 400-500 thousand tons of grain worth more than $100 million, according to the Ukrainian government. It is known that “almost all grain-laden ships departing from Sevastopol transport stolen Ukrainian commodities.”
“The criminal seizure, export and consumption of Ukrainian is another example of Russia’s destructive acts, which, in particular, contravene the fundamental principles of the Food and Agriculture Organization of the United Nations (FAO) – achieving food security for all and overcoming hunger,” the ministry emphasizes.
In addition, “the aggressor state’s policy puts into doubt the relevance of its participation in FAO and other international organizations.”
The Ministry of Foreign Affairs of Ukraine demands that Russia stop illicit grain stealing, unblock Ukrainian ports, restore freedom of navigation, and allow trade ships to pass.
“We urge the international community to strengthen economic sanctions against Russia in order to stop its military aggression against Ukraine, to avert a humanitarian disaster and the world’s food security crisis,” the ministry said.

, , , , ,

WASHINGTON POST OPENS OFFICE IN KYIV

The Washington Post creates a new bureau in Kyiv , which will be headed by Isabel Khurshudyan.
Max Berak will be the chief correspondent of the Ukrainian bureau. This important step signals the publication’s long-term commitment to covering Russia’s war against Ukraine, as it will continue to be this year’s top story.

, ,

GERMAN EMBASSY RESUMES WORK IN KYIV

The German Embassy in Ukraine has resumed work in Kyiv.

“We are back! Yesterday, the German Embassy resumed its work in Kyiv. Foreign Minister Annalena Burbock raised the German flag in front of the Embassy building,” the Embassy said on Twitter on Wednesday.

, ,

GREEK EMBASSY RESUMES WORK IN KYIV

The Greek Embassy in Ukraine resumes its work in Kyiv, the Ministry of Foreign Affairs of Greece said.
“The Greek Embassy in Kyiv, whose leadership left the city for security reasons shortly after Russia invaded Ukraine, is reopening in the city with the necessary staff,” the Foreign Ministry said in a statement on its website Tuesday.
The Embassy, together with the Consulate General in Odesa, which operates as usual, will continue to provide assistance to Greek citizens, as well as expatriates in Ukraine.

, ,

GERMAN EMBASSY WILL RESUME WORK IN CAPITAL OF UKRAINE KYIV

The German Embassy will resume work in Kyiv, German Foreign Minister Annalena Berbock has said.
“Today we are also here, reopening our German embassy in Kyiv. At first it will be a limited activity. I am very glad that I am here with the Ambassador, Anka Feldhusen. She is accompanying me and she will continue to work in your free city” , Burbock said at a press conference with Ukrainian Foreign Minister Dmytro Kuleba in Kyiv on Tuesday.

, ,