Ukraine
Business
Journal
•Ukraine's quest to raise its green-energy profile is getting a boost from a home-grown source. Fuhrlander Windtechnology in Kramatorsk is the country's only producer of modern wind turbines. Since 2010, the company has built seven wind farms in Ukraine and one in Kazakhstan.
•Ukraine and Moldova will receive a grant worth $3.3 million from the European Union under a bilateral partnership, Ukrinform reported. The money will be used to implement 16 development projects in border regions of the two countries. In Ukraine, the Chernivtsi, Odesa and Vinnytsia regions will benefit.
•Ukrainian International Airlines and Ukrposhta signed an agreement outlining a process of joint development of international mail and package transit, Interfax Ukraine reported. Kyiv's Boryspil International Airport will be the hub of the shared operations.
•The Infrastructure Ministry is going to reduce tariffs and fees set by Ukraine's commercial seaports by 60 percent in two stages, according to Infrastructure Minister Vladimir Omelian, multiple sources reported. The reduced fees could start to be introduced in seaports as early as March.
•The State Fiscal Service plans to start modernizing customs posts infrastructure in February, according to Ukrinform. The agency will purchase scanners, video surveillance tools and other equipment for improving customs control.
•Kyiv International Airport (Zhuliany) terminated cooperation with the Pavo Group duty-free shop over the alleged sale of smuggled goods, according to Interfax Ukraine. Airport management issued a tender so a new owner could replace Pavo, and the tender winner was a company that runs a duty-free shop at the capital's other major airport, Boryspil.
•Businesses that are part of Ukraine's state-owned defense giant Ukroboronprom will be restructured and corporatized, an official from the National Security and Defense Council said during a conference on development of the military-industrial complex, Unian reported.
•The government-run Ukrgasbank in Kyiv is technically ready for private investors to come in and acquire its capital, but prevailing market conditions are not conducive to finding the buyer, Deputy Finance Minister Yuri Butsa said, Interfax Ukraine reported.
•January sales of passenger vehicles were up 51 percent from the same month in 2016, Novoe Vremya reported, citing Ukravtoprom. More than 4,800 units were sold in Ukraine during the month.
For comments and news tips, please email UBJ AM editor David
Edwards at david.edwards@theubj.com.
All Comments (0)