UKRAINE: STATE-RUN STEVEDORING COMPANIES SHOULD BE PRIVATIZED, PAY LESS TO BUDGET

A requirement to obligatorily send 75% of profit by state-run enterprises to the national budget would result in a shortage of some UAH 2 billion at Ukrainian Sea Port Authority for capital investment, Deputy Head of Sea Port Authority Viacheslav Voronoi said at the Ukrainian Infrastructure Forum in Kyiv last week. He said that state-run…

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UKRAINE CAN STIMULATE ARRIVAL OF LOW-COST AIRLINES TO COUNTRY

Ukraine’s Infrastructure Ministry is working on a program to stimulate the arrival of low-cost airlines to the country, foreseeing the provision of benefits to them, Minister Volodymyr Omelyan has said. “We’re working on a program to additionally pay to low-cost airlines, or to provide them with benefits,” he said at a meeting with members of…

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RUSSIA: TRANSCONTAINER REPORTS ITS FINANCIAL RESULTS UNDER RUSSIAN ACCOUNTING STANDARDS FOR QI’2016

TransContainer says its net profit increased 1.8% year-on-year to RUB 527 million. If compared with 4th quarter of 2015 the net profit was up by 41.2%. The net profit margin increased from 10.1% in the 1st quarter of 2015 to 11.5% in the reporting period. The total revenue of the Company from January to March…

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SINGAPORE TO ADVISE UKRAINE DEVELOPING PORT BUSINESS

Experts from Singapore will come to Ukraine to share their experience of efficient port business development. This agreement was achieved at a meeting of Infrastructure Minister Volodymyr Omelyan and Ambassador of the Republic of Singapore to Ukraine Simon Tensing De Cruz, the ministry’s press service reports. “Taking into account Singapore’s world experience of developing port…

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BELARUS: BELAVIA AIRLINES HIKES FLIGHTS TO KYIV TO FIVE PER ONE DAY

Belavia Airlines has begun operating three daily flights on the Kyiv-Minsk route from Kyiv International airport since April 25. The press service of Kyiv Zhulyany airport reports. “On April 25, Belavia Airline – Belarusian Airlines – will operate daily three flights on the Kyiv-Minsk route from Kyiv airport. Overall, Belavia Airline flies twice a day…

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RUSSIA: FESCO LAUNCHES INTERMODAL TRANSPORTATION OF TRANSIT CARGO ALONG PRIMORYE-1 CORRIDOR VIA VLADIVOSTOK

FESCO Transportation Group says it successfully delivered cargo to Korea and China’s southern ports along the Primorye-1 transport corridor via the port of Vladivostok. The cargo had been dispatched from the northern provinces of the PRC. The intermodal freight transportation was based on the Group’s assets and services. The cargo in FESCO containers sent by…

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RUSSIA: USC SAYS SUBSTITUTION OF EQUIPMENT IMPORTED FOR OFFSHORE OIL & GAS PROJECTS EXISTS ONLY ON PAPER

Russian shipyards have not secured a single order for construction of floating drilling rigs so far despite the measures undertaken for decreasing technological dependence on foreign partners, a number of Russian companies continue rent foreign rigs for geological exploration on the shelf, press center of USC (United Shipbuilding Corporation) cites Yevgeny Zagorodny, USC Vice-President for…

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