Tag: finance
Ukrzaliznytsia’s Freight Rates Will Increase By 15% In May
Railway freight rates will increase by 15% on 1 May and increase by the average annual rate of 10%. The Ukrzaliznytsia public railway company’s acting Board Chairman Yevhen Kravtsov announced this.
The Difficulties of the Second Phase of Railway Reform In Ukraine
PJSC Ukrzaliznytsia board member Yevhen Kravtsov and head of Ukrzaliznytsia’s department of reform and corporate development Andrii Bukovskyi discuss when a railway freight company will be created and who opposes reform of Ukrzaliznytsia.
Antonov To Produce Transport Aircraft In India
Ukraine’s Antonov aircraft manufacturing company will produce transport aircraft in India. Aircraft production will be established in conjunction with an Indian partner – the Reliance Group business holding.
Japan Interested In Creating Joint Venture For Production Of Locomotives In Ukraine
Japan is interested in creating a joint venture for production of locomotives in Ukraine. Japanese side paid attention to cooperation in the area of seaports.
Cabinet Proposing Spending UAH 300 Million On Modernization Of Kyiv Subway Cars
The Cabinet of Ministers is proposing spending 30% of the remainder of targeted environmental (green) investment funds on modernization of Kyiv subway cars.
Ukrainian Ocean Fishing Fleet To Be Put Up For Sale
The State Fishery Agency is considering privatization of Ukraine’s ocean fishing vessels. The agency’s head Yarema Kovaliv announced this in a statement.
Kherson Airport To Receive UAH 49 Million For Development
The Regional Development Fund will allocate UAH 49 million for financing continuation of the reconstruction work at the Kherson airport in 2016.
Ukrrichflot’s Net Profit Increases Almost 7-Fold In 2015
The Ukrrichflot shipping company (Kyiv) made a net profit of UAH 60.599 million in 2015, which is 6.8 times more than its net profit in 2014, according to preliminary data.
Fitch Affirms PJSC Ukrzaliznytsia’s Rating
Fitch assigned PJSC Ukrzaliznytsia a Long-term foreign currency IDR of 'C' and a Long-term local currency IDR of 'RD'.
Urga Airline More Than Doubles Its Net Profit In 2015
The Urga airline (Kirovohrad) increased its net profit 2.3-fold to UAH 12.593 million in 2015, compared with 2014, according to preliminary data.
Why Vessel Calls at Ukrainian Ports are the Most Expensive in the World
Ukrainian ports are losing the competition on the world market - their services are four times more expensive than the services of Chinese and Brazilian ports and even the services of the Romanian port of Constanta. What can be done not to scare but attract cargoes?
Boryspil Airport Aiming For Net Profit Of UAH 1 Billion In 2016
Asked about details of the airport’s financial plan for 2016, he said that the airport was aiming for a net profit of UAH 585 million in a pessimistic scenario.
Cabinet Approves Distribution Of State Budget Funds In Road Sector In 2016
In addition, state budget funds are allocated for financing scientific research into road management (UAH 26 million) in 2016.
Pyvovarskyi Announces Amount To Be Spent On Road Repairs In 2016
He again stated the importance of creation of a road fund, into which all the revenue from the excise duty on fuel will be transferred.
Japan To Give Ukraine Additional USD 300 Million For Reforms
Ukraine and Japan have ratified an agreement on provision of a second loan of USD 300 million for supporting economic reforms. Ukraine’s Minister of Finance Natalie Jaresko announced this.
Cabinet Approves Ukrzaliznytsia’s Financial Plan With 10% Average Annual Increase Of Freight Rates
The Cabinet of Ministers has approved the Ukrzaliznytsia public railway company’s financial plan, which provides for a 10% average annual increase of freight rates
Cabinet Approves State Program For Development Of Airports Until 2023
On 24 February, the Cabinet of Ministers approved the state program for development of 17 airports until 2023, with total investment planned at UAH 8.697 billion. The document is available on the website of the Cabinet of Ministers.
Germany Working On ‘Marshall Plan’ For Ukraine - Bundestag Member
Germany is working on a "Marshall Plan" for Ukraine. Karl-Georg Wellmann, the head of the German-Ukrainian parliamentary group in the Bundestag, announced this in an interview.
Ukraine To Restructure Ukravtodor’s Debt By Issuing Bonds For USD 32 Million
Citibank will receive Ukrainian Eurobonds worth USD 31.617 million maturing on 1 September 2019 and government derivatives worth USD 10.389 million.
Illichivsk Seaport Aiming To Increase Capital Investments Fivefold In 2016
The volume of capital investment in the Illichivsk seaport in 2106 is planned at UAH 632.37 million, which is 5.1 times more than the figure forecast for 2015.
