Business news from Ukraine

KHARKIV RECEIVES FIRST OUT OF 49 TROLLEYBUSES UNDER EIB LOAN

Kharkiv received the first low-floor, one-section trolleybus out of 49 comfortable trolleybuses purchased under loans from the European Investment Bank (EIB).
According to the press service of the Ministry of Infrastructure of Ukraine on Thursday, October 22, this became possible due to the participation of Kharkiv in the Ukraine Urban Public Transport project, which is a framework loan from the EIB.
As part of the project, the city received a EUR 10 million loan for the renewal of the trolleybus fleet.
“Kharkiv became one of the 11 member cities and has already received today the first low-floor trolleybus out of 49. By the end of the year we hope to conclude an agreement with the EIB on the implementation of the second part of the project Urban Public Transport II, which will provide for the purchase of only environmentally friendly transport. I am sincerely grateful to our partners from the EIB, who support us both in the implementation and in the continuation of this important project for the cities,” Minister of Infrastructure of Ukraine Vladyslav Krykliy said.
Trolleybuses for Kharkiv were manufactured by the subsidiary Car Assembly Plant No.1 of Automobile Company Bogdan Motors.
According to the delivery schedule, 49 trolleybuses will arrive in Kharkiv by the end of 2021. The whole delivery will include 12 two-section and 37 single-section trolleybuses.

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EPIDEMIC SITUATION IN VOLYN, ZHYTOMYR, IVANO-FRANKIVSK, LVIV, ODESA, RIVNE, SUMY, KHARKIV AND CHERNIVTSI EXCEEDS CRITERIA FOR EASING LOCKDOWN

The epidemic situation in Volyn, Zhytomyr, Ivano-Frankivsk, Lviv, Odesa, Rivne, Sumy, Kharkiv and Chernivtsi regions does not meet the criteria for easing lockdown, the Health Ministry said on its website on Tuesday.
The occupancy of beds, in particular, exceeds the permissible indicator of 53.31% in Lviv region. However, in Odesa and Sumy regions, the dynamics of the spread of the disease exceeds the established value of 10%.
The percentage of disease detection is higher than the established value of 11% in Volyn, Zhytomyr, Ivano-Frankivsk, Rivne, Kharkiv and Chernivtsi regions.
As reported, the Cabinet of Ministers of Ukraine introduced adaptive lockdown until August 31, 2020, changed the principle of the distribution of regions to strengthen lockdown measures.
Depending on the epidemic situation in the region or individual administrative territorial units-districts, a “green,” “yellow,” “orange” or “red” level of epidemic danger of the spread of coronavirus (COVID-19) disease is established.

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OPEN LADIES GOLF TOUR TOOK PLACE IN KHARKIV

The third stage of the Open Ladies Golf Tour, which was held with the support of the Ukrainian Golf Federation in the Kharkiv Golf Club Superior, has ended.
Beautiful ladies, in red and white colors of a golf uniform, conquered the golf course, making graceful hits with drivers, woods, pats.
Every time the women’s tournament is a holiday, women just like men play real golf, but they do it in a special way. On Saturday, 22 beginners joined the golfers at the Golf School. Each lady took the first blows under the supervision of professional coaches, and in the end, the beginners competed in a mini-tournament.
The winners and prize-winners of the third stage were: 1st place (handicap 0-36) Kolobova Lyudmila, 2nd place (handicap 0-36) Movchan Elena, 3rd place (handicap 0-36) Tatiana Romanyuk. With handicaps (36-54) 1st place was taken by Elena Pugovkina, 2nd place – Skorubsky Daria and 3rd place – Maleeva Christina.
“Thanks to such tournaments and many innovations from the Ukrainian Golf Federation, the number and ratio of women in Ukrainian golf has tripled. This is an excellent result, which indicates the correct strategy for the development of golf in Ukraine, in particular for women.” – comments Elena Rudik, Member of the Board Golf Federation and Director of the Open Ladies Golf Tour.
From the first minute of the tournament to the last, it was a holiday. A special atmosphere, lots of flowers, gifts, and music. We remind you that very soon, on September 5 at the GolfStream Golf Club, the Open Ladies Golf Tour Final will take place, which is officially listed in the EGA (European Golf Association) calendar.

Interfax-Ukraine – media partner of the event

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METRO REOPENS IN KYIV AND KHARKIV AFTER 2-MONTH PAUSE CAUSED BY CORONAVIRUS

The metro reopened in Kyiv and Kharkiv on May 25 after the two-month pause caused by coronavirus. In Kyiv, the metro service is back to the regular schedule. Passengers are required to wear masks, and there are signs indicating the obligatory 1.5-meter distance between passengers.
Metro workers are provided with personal protective equipment.
The Kharkiv metro reopened at 5:30 a.m. on Monday.
“Please be advised that it is prohibited to travel by the metro without a respirator or a mask,” the Kharkiv metro press service said on Facebook.
The metro service in Kyiv, Kharkiv, and Dnipro (former Dnipropetrovsk) had been unavailable since March 17 in order to contain the coronavirus outbreak.

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STATE-RUN UKRAVTODOR TO COMPLETE REPAIR OF KYIV-KHARKIV HIGHWAY WITHIN POLTAVA REGION IN 2020

The State Agency of Automobile Roads of Ukraine (Ukravtodor) plans to complete the repair of the M-03 Kyiv-Kharkov highway within Poltava region in 2020.
Ukravtodor said on Telegram the total length of the road within Poltava region is 285 km. At the same time, 265 km of roads are on the balance of the service in the region. Another 4 km of the road that passes through Poltava is on the balance of the city council, due to a question about the repair of which the project of the complete update of the M-03 road was frozen for some time.
According to the agency, in order for the situation to budge, a budget program was formed in the national budget of Ukraine on the initiative of the government and Ukravtodor to repair the M-03 road section within Poltava. It is to be repaired this year.
“The section of the Kyiv-Kharkiv route that passes through Poltava has remained a stumbling block for many years. This year, thanks to the coordinated cooperation of all branches of government, we managed to attract financing for the repair of the problem area,” the press service said citing head of Ukravtodor Oleksandr Kubrakov.

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KHARKIV TRACTOR PLANT ENDS 2019 WITH PROFIT

According to preliminary data, JSC Kharkiv Tractor Plant, belonged to DCH Group of businessman Oleksandr Yaroslavsky, completed 2019 with a net profit of UAH 71.8 million, whereas the loss was UAH 81.4 million in 2018.
According to information on the agenda of the shareholders’ general meeting on April 23, the uncovered loss amounted to UAH 582.76 million by the beginning of 2019 (UAH 654.06 million in 2018).
The draft decision of the meeting provides for directing the net profit received in 2019 to replenish working assets, not to pay dividends.
According to the plant, in 2019, its current liabilities decreased 6.8%, to UAH 1.374 billion, long-term ones increased 45%, to UAH 266 million.
The total receivables as of January 1, 2020 amounted to UAH 155.4 million (UAH 96.71 million in 2019), total assets were UAH 1.280 billion (1.262 billion).
The plant’s equity capital has a negative value of UAH 362.75 million, charter capital was UAH 4.35 million by the beginning of 2020.
According to the plant’s website, it produced 585 units of equipment in 2019 (12% more than in 2018) and sold 638 units (16% more). The plant’s revenue increased by 22%, to almost UAH 800 million.
To date, the plant has about 1,100 employees; the average salary is UAH 10,000 (UAH 7,800 by the beginning of 2019).
Kharkiv Tractor Plant, founded in 1930, currently produces dozens of models of tractors and special-purpose equipment designed for work in agriculture, public utilities and construction areas. The main product range is represented by small tractors with a capacity of 35 hp, as well as large wheeled and tracked tractors with a capacity of 150-280 hp.

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