Business news from Ukraine

EU HANDS OVER EUR 14 MLN IN STATE-OF-THE-ART EQUIPMENT TO FUTURE NATIONAL TRAINING CENTRE AT ZAPORIZHIA NPP

KYIV. Oct 22 (Interfax-Ukraine) – On Tuesday, October 20, at the Zaporizhia Nuclear Power Plant NPP) EU Ambassador to Ukraine Jan Tombinski officially handed over worth EUR 14 million in state-of-the-art equipment purchased by the EU to the National Training Centre to be commissioned in 2016 at the Zaporizhia NPP, the press service of the Delegation of the EU to Ukraine has reported.

“Co-financed between the European Union and the Ukrainian Government, this National Training Centre is a state-of-the-art nuclear power unit maintenance training facility. It is equipped with a full-scale simulator of a VVER nuclear unit,” reads the report.

When opened for full operation in 2016, it will deliver maintenance trainings based on best international practice to maintenance personnel from the National Nuclear Generating Company Energoatom’s fleet of VVER nuclear power units, which are located at four nuclear power plants across Ukraine.

The training centre’s first of a kind simulator of a nuclear power unit will facilitate training and qualification of maintenance staff utilizing a variety of full scope equipment models, in simulated environmental conditions. This will ensure maintenance actions to be carried out on installed operational equipment, and being implemented to the highest standards of safety for both the maintenance personnel and equipment to be maintained.

In addition to maintenance training, the project has established a management training system within Energoatom. The management training, which is also based on international best practice, emulates management principles and practices employed by international nuclear operators that are considered to be the best in class.

According to the report, the combined results of these two key elements will provide Ukraine’s nuclear operator Energoatom with the means to support the safe implementation of the country’s energy strategy regarding electricity generation from nuclear power.

“The European Union and Ukraine see this unique Training Centre as a very important corner stone in our long-lasting cooperation on nuclear safety. With this Centre, the EU and Ukraine demonstrate their joint commitment to a stronger nuclear safety culture worldwide,” Tombinski said.

The event was as well attended by Oleksandr Svetelyk, Deputy Minister of Energy and Coal Industry of Ukraine and Yuriy Nedashkovsky, President Energoatom.

UKRAINE’S SECOND KROMBERG&SCHUBERT PLANT TO BE LAUNCHED IN ZHYTOMYR REGION IN 2016

KYIV. Oct 22 (Interfax-Ukraine) – The German company Kromberg & Schubert, which owns Kromberg & Schubert Ukraine LLC (Volyn region), plans in early 2016 to begin production of cable systems for Porsche, BMW, Audi, Mercedes cars at the second production site in Zhytomyr region.

According to a report on the website of Zhytomyr Regional State Administration, with reference to its head Serhiy Mashkovsky, investment in setting up a new company will amount to about EUR30 million.

To assist investors in solving problems with the supervisory authorities and establishing cooperation between the government and businesses, a memorandum of cooperation with Kromberg & Schubert Ukraine was signed at a meeting of the council for attracting investment at Zhytomyr Regional State Administration.

“Our plan is the second enterprise in Zhytomyr, which will employ about 3,000 people. New projects in Zhytomyr are components for new car brands that will enter the market in 2017: Audi Q2 and BMW,” Technical Director of Kromberg & Schubert Ukraine Slawomir Kaczmarek said.

Kromberg & Schubert Ukraine was established in 2005. According to Volyn Regional State Administration, this is the first plant of the German company in the CIS, in which it invested EUR11.5 million.

The plant produces onboard cable systems for passenger cars. The plant’s capacity is about 1,000 sets of electric cables per day, the main consumers of its products are Daimler AG, BMW, Volkswagen.

 

CONSTRUCTION OF HIGH-QUALITY ROADS IN UKRAINE WITH INVOLVEMENT OF FOREIGN FUNDS ESSENTIAL FOR COUNTRY – POROSHENKO

IVANO-FRANKIVSK. Oct 22 (Interfax-Ukraine) – Ukrainian President Petro Poroshenko has said that construction of new high-quality roads in Ukraine with the involvement of funds of foreign partners is essential for the country.

“We’ve forgotten how to build roads, asphalt plants stopped and do not operate, there is no asphalt, stones. They forgot how to hold tenders, as they worked only if it was possible to steal money. We should see new contractors who can show both good quality and terms and the competitive price,” the president said during his visit of the section of the Mukacheve-Lviv (H-09) highway in Ivano-Frankivsk on Wednesday.

He said that Ivano-Frankivsk region should become the proving ground of how to build roads in Ukraine.

“Later, you know that now roads are being built in Zakarpattia and in Lviv region, we would speak about Central Ukraine and we will restore infrastructure of Donbas and build roads there, including using the funds of foreign partners,” the president said.

FIRST PRODUCTION LINE TO RECYCLE MERCURY-CONTAINING LIGHT BULBS IN UKRAINE LAUNCHED IN LVIV

KYIV. Oct 22 (Interfax-Ukraine) – A first production line to recycle mercury-containing light bulbs in Ukraine was launched in Lviv at the city’s combined heat and power plant on October 20, 2015, the press service of Lviv City Council has reported.

According to the report, the launch of the production line is foreseen in the project on the creation of the municipal electric and electronic equipment waste disposal system in Lviv which is being realized with the financial support of the EU.

It is planned to provide EUR 1.3 million of financing for the project, and the mercury-containing light bulb recycling line cost EUR 700,000.

Sweden’s MRT System International AB supplied the equipment for the production line.

“Only two persons will work at the line, as it is fully automated, and two persons have been already trained,” Project Coordinator Oksana Viytyk said.

According to the report, the capacity of the production line is 500 tube mercury-containing light bulbs or 800 compact fluorescent light bulbs (CFLs) per hour, which would allow providing the services to the whole western Ukraine. Almost all elements received after bulb recycling can be used as recycled materials.

Waste bulbs will be collected from households using two mobile pick-up centers which have already been bought.

INVESTMENT IN ELITE PROPERTY IN KYIV ON FIRST REALTY GROUP DEALS 81% UP IN SEPT

KYIV. Oct 21 (Interfax-Ukraine) – Investment in luxury real estate in Kyiv on the transactions of Blagovist and Park Lane real estate agencies, part of First Realty Group (all based in Kyiv), in September 2015 increased by 81% compared to August 2015, to $6.88 million, which accounts for 23% of total investment in real estate in the past month.

Park Lane said, with reference to its analytical center, that this data includes the calculation of the cost of a transaction in the national currency at the average exchange rate to the U.S. dollar on the day of the transaction.

“After August holidays activity in the real estate market in Kyiv in September invigorated significantly. This allows us to talk about the successful start of a new business season, as well as positively estimate the prospects of the expensive real estate market,” Park Lane CEO Viktoria Barabash said.

She also added that there are prerequisites for the tendency to increase the activity of buyers in October and November to continue in the real estate market in Kyiv, but the pace of growth may slow down.

According to the agency, the share of transactions in elite real estate in the capital, including facilities with a cost from $250,000, in the total volume of First Realty Group operations in September 2015 grew to 7% against 4% in August 2015.

 

WOG INCREASES LIQUEFIED GAS SALES BY 50% IN H1, 2015

KYIV. Oct 21 (Interfax-Ukraine) – The WOG network of fuel filling stations in January-June 2015 increased retail sales of liquefied gas by 50.3% (by 7,400 tonnes), to 22,100 tonnes, Company CEO Serhiy Koretsky has said at the LPG Ukraine 2015 forum organized by A-95 Consulting Group (Kyiv).

He said the company now holds 6.8% of the market, whereas a year earlier its share was 5.2%.

“Our strategy is to increase the market share to 22.5%, while the sales volume to 360,000 tonnes by 2020,” the WOG head said.

According to Koretsky, total retail sales of liquefied natural gas in Ukraine for the six months of 2015 rose by 5.2% (11,200 tonnes), to 225,800 tonnes. Liquefied natural gas was mainly sold in the networks of Privat Group (Ukrnafta, ANP, Avias, etc.) with 58,200 tonnes (a 29% rise), BRSM ranked second with 32,900 tonnes (a 9% fall), while WOG ranked third.