Business news from Ukraine

AVTOKRAZ RESUMES TRUCK SUPPLIES TO LONG-TERM PARTNERS IN GEORGIA, MOLDOVA

KYIV. Sept 10 (Interfax-Ukraine) – Public joint-stock company AvtoKrAZ (Kremenchuk, Poltava region), the only Ukrainian producer of heavy trucks, has signed contracts to supply trucks with its long-term partners in Georgia and Moldova, the company’s press service has reported.

AvtoKrAZ spokesperson Dina Stehantseva told Interfax-Ukraine can now announce a resumption of supplies after a long break: the last supplies to Moldova were in 2008 and to Georgia – in 2012.

According to the press release, special purpose KrAZ trucks with KrAZ 63221 6×6 chassis will be produced for the customer in Georgia.

An ATZ-11 tanker will be installed on the chassis for shipping light fuel, and a chassis with double-tire wheels will have equipment for transporting various products.

The two types of the trucks will have Euro 3 Ford engines, an MFZ-430 engine clutch, and a Fast Gear unit.

“We only recently started installing Ford engines to mass-production trucks, and buyers have showed their interest to these trucks and we’ve started receiving orders on them,” Stehantseva said, adding that the company hopes that the Georgian partner could order more trucks in the future.

The plant would produce dump trucks KrAZ-65055 (6х4) with a capacity of 12 cubic meters for the customer from Moldova.

The trucks will be used to ship stone.

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

NCCR APPROVES 2016 FINANCIAL PLAN OF UKRAINIAN CENTER OF RADIO FREQUENCIES

KYIV. Sept 10 (Interfax-Ukraine) – The National Commission for Communications Regulation (NCCR) has approved the financial plan of the Ukrainian State Center of Radio Frequencies for 2016.

The press service of the center reported that according to the plan, net sales revenue will total UAH 374.4 million, which is 1.1% up on projected revenue in 2015.

It is expected that taxes, duties and other mandatory payments to budgets of all levels will total UAH 149 million.

Capital investment will be formed thanks to the funds of the company and tough control of financial expenses, in particular, via the ProZorro system, which sub-threshold goods (service) and labor procurement have been switched to. The funds accumulated this way will be allocated to develop the material and technical base.

“The key indicators of the 2016 financial plan approved by NCCR give grounds to speak about the further dynamic development of the enterprise,” CEO Yaroslav Yanushevych said.

POLAND’S PGNIG ENERGY COMPANY SHOWS INTEREST IN SUMY NPO PRODUCTS

KYIV. Sept 10 (Interfax-Ukraine) – A delegation of the largest state-owned oil and gas company in Poland PGNiG has visited public joint-stock company Sumy Machine-Building Science and Production Association (Sumy NPO) to study the technical and industrial manufacturing capabilities of the association to ensure that the Sumy engineers meet their high standards.

The association said in a press release on Wednesday that the delegation visited the association as part of active negotiations to attract the Ukrainian company to the implementation of projects in Poland.

Head of Bureau of Sales Division Oleksandr Tatarinov said that the primary task for Sumy NPO is closer cooperation with PGNiG, which is one of the largest Polish potential customers of products that the company produces.

The company held many presentations and participated in various exhibitions and business events to establish contact with PGNiG.

“As a result, they showed their interest in Sumy NPO, and this visit is a kind of turning point: if our guests are satisfied by what they’ve seen, we will get a real chance to become partners. In particular, the company is now competing for orders to produce reciprocating compressors for PGNiG, and we hope that this visit will help the potential partners to make their choice,” the press service of the Sumy company said, citing Tatarinov.

The press service said, citing Deputy Director for Operations of PGNiG Andrzej Raychek, that he is pleasantly surprised with the fact that the association has a complete production cycle, from manufacturing castings to tests of equipment in conditions close to real use. The company even has its own design bureau and a team of installers who are able to commission any facility.

“In Europe, this integrated approach is almost not practiced – companies mostly occupy one segment. Another important factor is that Sumy NPO pays attention to the fact that the equipment operates significantly longer than its service period – not years, but decades. This approach to business is worthy of respect,” Raychek said.

According to the report, next week, the delegation of specialists of the enterprise headed by General Director Oleksiy Tsymbal will go to Warsaw where they will take part in one of the key oil and gas exhibition forum in Europe – the Nafta-Gaz-Chemia 2015 exhibition.

POLAND WILL ISSUE EUR100 MLN LOAN TO UKRAINE FOR BORDER INFRASTRUCTURE MODERNIZATION

KYIV. Sept 9 (Interfax-Ukraine) – The Polish government has decided to issue a loan of up to EUR100 million to Ukraine to finance exports of goods and services from Poland to Ukraine, including the modernization of border road infrastructure and the construction of Ukrainian-Polish border crossings.

According to a report on the official website of the Polish premier, Polish Prime Minister Ewa Kopacz announced the issue of a preferential government loan to Ukraine in January this year during a visit to Ukraine.

“This initiative confirms Poland’s interest in providing assistance to other states and strengthens the position of our country as a donor, which should be positively evaluated through the countries of the Organization for Economic Cooperation and Development,” the report said.

UKRAINE THRESHES 37.5 MLN TONNES OF GRAIN BY SEPT 9

KYIV. Sept 9 (Interfax-Ukraine) – Grains and leguminous crops in Ukraine as of September 8 had been threshed on 10.4 million hectares, or 71% of the forecast, and the country had harvested 37.5 million tonnes of grains with the average yield being 35.9 centners per ha, the Ministry of Agricultural Policy and Food has said.

According to the ministry, corn has been threshed on 43,000 hectares, its harvest amounted to 177,000 tonnes with the average yield being 40.9 centners per ha.

Buckwheat was threshed on 89,000 hectares, or 67% of the area, 107,000 tonnes have been harvested with the average yield being 12.1 centners per ha.

Millet was threshed on 90,000 hectares, or 84% of the area, 181,000 tonnes have been harvested with the average yield being 20.1 centners per ha.

Soybeans were threshed on 266,000 hectares, or 12% of the forecast, 461,000 tonnes have been harvested with the average yield being 17.3 centners per ha.

Sunflower was threshed on 648,000 hectares, or 13% of the forecast, 1.2 million tonnes have been harvested with the average yield being 19.2 centners per ha.

The largest grain harvest was recorded in Odesa (3.1 million tonnes), Kharkiv (2.9 million tonnes), Dnipropetrovsk (2.8 million tonnes), Zaporizhia (2.6 million tonnes), Mykolaiv (2.5 million tonnes), Kherson (2.4 million tonnes), and Vinnytsia regions (2.3 million tonnes).

UKRAINE INCREASES EXPORTS OF PORK BY 5.2 TIMES, POULTRY BY 1% IN EIGHT MONTHS

KYIV. Sept 9 (Interfax-Ukraine) – Ukraine in January-August 2015 exported 19,540 tonnes of pork, which is 5.2 times more than in the same period in 2014.

According to customs statistics made public by the State Fiscal Service of Ukraine, in monetary terms exports of these products for the eight months totaled $41 million.

Pork imports for the period amounted to 2,867 tonnes against 21,300 tonnes a year earlier. In monetary terms, the figure amounted to $6.54 million.

Exports of poultry and offal rose by 1%, to 105,365 tonnes. Poultry exports amounted to almost $147.073 million. Imports amounted to 32,790 tonnes, worth $21.617 million, which is 2% more than in January-August 2014 when the figure was 32,160 tonnes, worth $33 million.