Business news from Ukraine

Business news from Ukraine

UKRAINE RESTART SPIRIT EXPORTS TO TURKEY

The state-owned enterprise (SOE) Ukrspyrt for the first since 2006 will supply 32,000 decaliters of spirit to Turkey, the SOE has said on its website.
According to the report, spirit will be distilled at the Kovalivka division of the SOE in Ternopil region.
The contract was implemented as part of the development plan of Ukrspyrt in line with the memorandum signed between the Ternopil Regional Administration and the SOE on February 2, 2018.
“A total of 10 tanker trucks arrived to us. They will take 32,000 decaliters of spirit for exports. The trucks will go to Odesa and then to Turkey using a ferry. Then we hope for tight cooperation with Turkish partners,” Head of Kovalivka division of Ukrspyrt Andriy Chorba said.
The Kovalivka division produces 2,000 decaliters of spirit a day, sending almost 90% of it for exports. The key partners are Hungary, Poland and Georgia.
Acting Ukrspyrt Director Yuriy Luchechko said that a vodka line for exports was launched in 2017. The company received an order to supply two more trucks to Germany, he said.

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COMPANIES FROM TURKEY, CHINA, POLAND, AZERBAIJAN, LITHUANIA BID IN TENDER TO BUILD INTERCHANGES ON KYIV-ODESA, KYIV-CHOP HIGHWAYS

The State Automobile Roads Agency, also known as Ukravtodor, opened bids of contractors participating in a tender to build two-level traffic interchanges on M-05 Kyiv-Odesa and M-06 Kyiv-Chop highways. The press service of the agency reported that the tender to build two-level traffic interchanges was held as part of the implementation of the project of the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) entitled “Pan-European Corridors Project/European road of Ukraine II, Improvement of traffic condition of the roads at approaches to Kyiv.” The tender for the work was held for the contracts, the financing of which will be carried out through a loan: lot No. 1 is construction of two-level interchanges on the M-05 highway, turn to the village of Chabany and turn to Boyarka and M-06 highway – completion of the alignment near the village of Stoyanka; Lot No. 2 is construction of two-level transport interchanges on the M-06 highway – turn tot eh village of Chaiky and turn to the village of Bilohorodka.
Seven companies submitted their bids: Fermak Insaat Taahhut A.S. (Turkey), China Road and Bridge Corporation (China), СП PBDiM Sp. z o. o. (Poland) and Ukrainian-Polish Company with foreign investments UPS LLC (Ukraine), JSC Euro-Asian Construction Corporation EVRASCON (Azerbaijan), Sinohydro Corporation Ltd. (China), Alke Insaat Sanaye ve Ticaret A.S. (Azerbaijan), Kauno Tiltai LLC (Lithuania).

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ANTONOV STATE ENTERPRISE TO EXHIBIT NEW MEDIUM-HAUL AIRCRAFTS AT EURASIA 2018 AIRSHOW IN TURKEY

The Antonov State Enterprise (Kyiv) will exhibit new medium-haul transport An-77 and An-178 aircraft at the Eurasia 2018 Airshow to be held on April 25 through April 29 in Antalya (Turkey). The press service of the enterprise told Interfax-Ukraine on Tuesday that the new Ukrainian transport aircraft arrived to Turkey on April 22 will take part in the flight show of the exhibition and will be presented to potential customers at a stand.
The press service said that Antonov plans to hold a series of meetings and negotiations with representatives of government agencies, industrial enterprises and air carriers of Turkey and other countries to discuss areas of cooperation in the medium-haul transport programs for An-178, the family of regional passenger new generation An-148/ n-158, An-77 transport aircraft with short take-off and landing and unmanned aerial systems. “All these programs are planned to develop and implement within broad international cooperation,” the enterprise said.
The new An-178 aircraft is created to replace An-12 planes and is designed for the effective fulfillment of its tasks as a transport aircraft, including logistics and transportation of equipment. Some experts say the An-178 aircraft can serve as a modern replacement of the C-160. The aircraft has a modified form of fuselage, a ramp for loading and unloading of bulky cargo and can lift up to 18 tons of cargo, including heavy maritime containers. The industrial cooperation program for the An-178 involves about 200 companies from fifteen countries. The Antonov Enterprise is promoting the aircraft in the Middle East and Central Asia. The United Arab Emirates, China and Azerbaijan expressed interest in the new Ukrainian transport aircraft.
According to the sources of Interfax-Ukraine in the industry, currently the Antonov State Enterprise is also negotiating with the European NATO countries on the joint development of the An-178 program. The new medium-haul military transport An-77 aircraft is a modification of the military transport An-70 aircraft with short take-off and landing with a maximum carrying capacity of 47 tonnes.

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PM GROYSMAN WANTS TO SIGN FTA AGREEMENT WITH TURKEY THIS YEAR

Prime Minister of Ukraine Volodymyr Groysman has said that Ukraine intends to sign an agreement on a free trade zone (FTA) with Turkey before the end of 2018. “Tomorrow, a delegation headed by the first deputy PM is coming back. We are going to sign an agreement on a free trade zone with Turkey this year,” the head of the government said on the Inter TV channel on Friday. Groysman said that this agreement would positively contribute to the development of the country’s economy.

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UKRAINE, TURKEY MAKE PROGRESS IN TALKS ON FREE TRADE ZONE

Ukraine and Turkey have made progress in negotiations on a free trade zone (FTA), agreeing to include agricultural products in the agreement along with the industrial ones, Deputy Minister of Economic Development and Trade, Trade Representative of Ukraine Natalia Mykolska has said.
“Negotiations are ongoing. That is why, since everything has not been agreed yet, I cannot disclose anything. The next round of negotiations is scheduled for May. It is quite progressive that we have agreed with Turkey to include industrial and agricultural goods in the Agreement,” she said in an interview with Interfax-Ukraine.
According to Mykolska, at the beginning of the negotiation process, it was exclusively about industrial goods in the context of the FTA.
“This is a good progress,” she said.
At the same time, she noted that small and medium-sized enterprises (SMEs) will benefit from the FTA of Ukraine and Israel, negotiations on which have recently completed.
“Even the fact of the completion of the negotiation process will stimulate the business to take a closer look at the Israeli market, especially the small and medium ones, since this market is more inclined to work with SMEs. In addition, Ukrainian products are well-known in this country due to fairly large Ukrainian Diaspora,” she said.

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