Business news from Ukraine

UKRAINE’S RETAIL TRADE INCREASES BY 6.2%, HIGHEST GROWTH IN LUHANSK, POLTAVA, DONETSK REGION

Ukraine’s retail trade in January-June 2018 increased by 6.2% in comparable prices compared to January-June 2017, the State Statistics Service said on Friday. In June 2018 alone, retail trade decreased by 0.8% compared to May 2018, but it grew by 6.3% compared to June 2017.
The highest growth in retail trade in January-June of 2018 was recorded in the following regions: Luhansk (24.0%), Poltava (10.4%), Donetsk (10.3%), Zakarpattia (10.2%), Vinnytsia (9.9%), Kyiv (9.3%) and Ternopil (8.4%) regions. The State Statistics Service recalls that the report does not include information from temporarily occupied areas of the Autonomous Republic of Crimea and the city of Sevastopol and part of Russian-occupied Donbas in the east of Ukraine.

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FUHRLANDER STUDYING ORGANIZATION OF WIND TURBINE PRODUCTION IN KRAMATORSK, DONETSK REGION

Fuhrlander Windtechnology LLC (Kramatorsk, Donetsk region) is studying the organization of production of blades for wind turbines in Kramatorsk, Deputy Director for Commercial Issues of Fuhrlander Windtechnology Yuriy Shevchenko told reporters during his visit to Kramatorsk organized by Ecoaction and Germanwatch on March 22. “Yesterday, with investors and engineers from Germany we discussed the issue of production of blade. They looked where and how it can be done. The blades are that expensive components of wind turbines, which are not produced in Ukraine,” he said.
Shevchenko said that the cost of organizing this production is from EUR 6 million to EUR 50 million, depending on the output volume and other factors.
Today towers, nacelles and hubs made in Ukraine are used in Fuhrlander Windtechnology’s wind turbines. The largest components that are imported are blades, bearings, generators and gear boxes.
Fuhrlander Windtechnology is the only manufacturer of modern wind power plants in Ukraine. It is engaged in construction of wind farms. The company produces goods on the site in Kramatorsk.
Since 2010 to the present, Furlender Windtechnology has built (equipped with its turbines) Novoazovsky, Ochakivsky, Kerch, Krasnodonsky and Lutuhynsky wind farms. The company also built a wind farm Ereymentau (Kazakhstan). The beneficiaries of Fuhrlander Windtechnology LLC are the co-owner of the ISD corporation Oleh Mkrtchan and the Verkhovna Rada deputy Maksym Yefymov (the Petro Poroshenko Bloc parliamentary faction).

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