Business news from Ukraine

MEDICAL NETWORK DOBROBUT INVESTS OVER USD 11 MLN IN EQUIPMENT IN 2020

The Dobrobut medical network invested more than UAH 300 million in equipment in 2020, plans to increase the volume of investments in 2021, chief operating officer of the network Vadym Shekman has said.
“We want our doctors to work on high-quality equipment. In 2020 we invested more than UAH 300 million in equipment, in 2021, I think, there will be even more,” he said in an interview with Interfax-Ukraine.
He noted that the shareholders of the company decided not to distribute dividends.
“The company does not withdraw money, we invest all the money that Dobrobut earns and additional investments in development. Most likely, we will not slow down this pace in the next 3-4 years,” he said.

, ,

HEAD GROUP STARTS CONSTRUCTION OF PLANT FOR PRODUCTION OF EQUIPMENT FOR WINTER SPORTS IN UKRAINE

The Austrian HEAD Group has begun construction of a plant for the production of equipment for winter sports on the territory of the industrial park Winter Sport in Vinnytsia, the start of which was postponed a year ago due to the COVID-19 pandemic, the website of Vinnytsia City Council said.
At the same time, it is specified that the commissioning of the new plant, which will be one of the largest plants of the HEAD Group, is scheduled for 2023, it is planned to create at least 1,200 jobs.
As reported, the total investment in the project is EUR 80 million, the area of production facilities for the production of skis, ski boots and bindings is 43,000 square meters.
The total area of the industrial park Winter Sport, where the enterprise will be built, is 25 hectares.

, , , ,

UKRAINIAN BORDER GUARDS GET FROM EU EQUIPMENT FOR DEMARCATION WORK

The Zhytomyr and Lutsk border detachments each received one Landini 5-120 tractor and one Rinieri TRK 200 branch chopper for a total value of more than EUR 100,000.
According to the press service of the State Border Guard Service of Ukraine, on the eve of the new year, assistance was received from Excelor Holding Group (LLC) as part of the implementation of a joint international technical assistance project with the European Union for provision of equipment for ensuring security and demarcation of the state border between Belarus and Ukraine, vehicles and equipment for border demarcation work.
The technical assistance will be used to carry out demarcation works and engineering arrangement of the Ukrainian-Belarusian section of the border.

, , ,

KMZ INDUSTRIES TO SUPPLY EQUIPMENT FOR BATKIVSCHYNA FARM

KMZ Industries (Karlivka Machine Building Plant, Poltava region), a leading supplier of integrated solutions for grain storage and processing in Ukraine, in 2020 will provide Batkivschyna farm LLC (Chernihiv region) with transport equipment (conveyors and elevators) as part of the next expansion of the customer’s elevator capacity.
According to a press release from KMZ Industries, the agricultural enterprise with which the plant has been cooperating for the third year will be supplied with 13 chain conveyors with a total length of 300 meters and five bucket elevators with a capacity of 175 tonnes/hour with a total length of 198 meters.
According to the press service, in October of this year, KMZ Industries installed four grain storage silos for Batkivschyna out of the eight delivered by the plant back in 2017 with a total volume of 136,000 cubic meters of one-time storage (four more were installed at the end of 2019).
“This year Batkivschyna LLC has fixed a new record of wheat yield in our country at 10.1 tonnes/ha. And it will be stored in the silos of our production,” the press service said citing head of the regional office of KMZ Industries Vladyslav Perekhodko.
KMZ Industries manufactures silos on a flat base, with a conical bottom, silos for storing flour, Brice-Baker mine grain dryers (British design) and particle board (Ukrainian design), transport equipment (bucket elevators, chain, belt and screw conveyors), separators for grain cleaning, assembles and automates elevator equipment and technological processes at granaries.

, , , ,

PARLIAMENT APPROVES PREFERENTIAL CONDITIONS FOR IMPORTED EQUIPMENT FOR ELECTRIC VEHICLES PRODUCTION UNTIL 2028

The Verkhovna Rada of Ukraine has approved some fiscal incentives for the development of electric transport in Ukraine, in particular, VAT and import duty exemption from 2021 until 2028 for equipment and spare parts for own production of electric transport (passenger cars, electric buses, electric trucks and special-purpose vehicles).
Bill No. 3476 amending the Tax Code and bill No. 3477 amending the Customs Code were passed at the first reading by 316 and 308 lawmakers respectively.
The proposed exemption will not apply only to equipment for the production of trolleybuses, because their output has already been established in Ukraine.
In addition, bill No. 3476 proposes to exempt the electrical industry companies selling electric motors for the production of electric vehicles (with the exception of trolleybuses), lithium-ion batteries, chargers, as well as automobile companies selling electric cars of their own production from paying income tax until December 31, 2033.
The bill proposes to extend or expand benefits for importers and buyers of electric vehicles.
It is proposed, in particular, to extend the VAT exemption for import and/or supply of electric cars until December 31, 2025 (currently the benefit is valid until the end of 2022).
A buyer of an electric car before December 31, 2030 is also offered to be exempted from paying the mandatory pension insurance fee, be provided with a tax discount on the payment of personal income tax, but these standards are proposed to be introduced from January 1, 2026.
According to an explanatory note to the bills, there is a sufficient industrial potential of Ukraine in the production of electric vehicles. In particular, there are five bus plants, a truck plant, and the facilities, which produce 300,000 passenger cars at three plants.
However, today the government is stimulating the import of electric vehicles, not their production. In particular, from January 1, 2016, there is no import duty, exemption from VAT is extended until 2022 and the excise rate is set at EUR 1 per 1 kW/h of battery capacity.
“The introduction of preferential taxation increased the import of electric vehicles from 1,706 vehicles in 2016 to 7,542 vehicles in 2019, but used electric vehicles are dominating in the market (93% in 2019),” the authors of the bills said.

, , , ,

DONBASENERGO DELIVERS 12 TONNES OF PERSONAL PROTECTIVE EQUIPMENT TO UKRAINE FROM CHINA

A plane chartered by PJSC Donbasenergo on April 19 delivered 12 tonnes of personal protective equipment (PPE) to combat COVID-19 from the Chinese city of Chengdu (Sichuan Province), the company’s press service has said.
According to its data, in particular, the cargo included 15,000 reusable protective suits for doctors, 500,000 disposable masks, 400,000 disposable gloves, 150,000 respirators, 20,000 glasses and protective shields, and 800 non-contact thermometers.
“All these means are intended to protect the public and medical personnel working in the difficult conditions of confronting the deadly disease. Donbasenergo thanks partners from Dongfang Electric International Corporation (Chengdu) who helped implement this difficult project,” the company said.
It is planned that on April 21 most of the PPE will be transferred to the department of health of Donetsk region.

, , ,