Business news from Ukraine

UKRAINIAN AEROSPACE SECTOR SEES 47% RISE IN PRODUCTION IN H1 2016

29 July , 2016  

KYIV. July 29 (Interfax-Ukraine) – Enterprises forming Ukraine’s aerospace sector saw a combined 47% rise in production in January-June 2016 year-over-year, to UAH 1.35 billion, the press service of the State Space Agency of Ukraine (SSAU) has reported.

Sales in H1 2016 grew by 39.6%. The exports share was around 60% of total sales, and this was 1.5 times up year-over-year. The key exporters were State Scientific Production Enterprise Kommunar Corporation, Pivdenne Design Bureau, Hartron and Special Device Production State Enterprise Arsenal.

Enterprises engaged in the provision of communications and engineering services, researches added to production growth: Arsenal, Dniprovsky Design Institute, Instrumental Building Technology Scientific and Research Institute, Pivdenne Design Bureau and Ukrkosmos.

The agency said that today it manages 26 aerospace enterprises and institutions, including 17 state-run enterprises, four joint-stock companies and five budget-funded institutions.

In 2015, production by aerospace enterprises in Ukraine grew by 1.8%, to UAH 2.9 billion, and sales rose by 5.7%, to UAH 3.05 billion.