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The Verkhovna Rada of Ukraine constitutional majority supported the plan of salvation Yuzhmash

Ukraine / Engineering
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on the verge of bankruptcy engineering plant - the flagship of the Ukrainian rocket - GP AT southern machine-building plant named after Makarov will nedostavat state support in the amount of more than UAH 2.3 billion.

The Verkhovna Rada of Ukraine constitutional majority supported the plan of salvation Yuzhmash

For the bill on financial recovery of the southern machine-building plant named after A. M. Makarov No. 3697 voted 324 of the Verkhovna Rada of Ukraine. In particular, the law envisages to enroll in the Charter capital of the enterprise more than UAH 2.3 billion and the repayment of indebtedness to the budget and state trust funds. This will allow you to avoid bankruptcy and to increase the capitalization of the company, to save jobs and improve indicators of competitiveness in the world market of space engineering and armaments.

a Systemic crisis at the Pivdenmash has lasted for more than ten years. In 2009 the government adopted the State program of development of the enterprise, which provided for the withdrawal of companies from crisis. However, due to systemic underfunding, none of the objectives of the program were not met.

After 2014, the company has lost orders and suppliers from Russia. Today called into question the continued production of the Zenit, and therefore, Pivdenmash in 10-15 years will lose orders worth from 770 to 1 billion 160 million (in current prices) annually with a corresponding reduction in the volume of production and sales and a decrease in foreign exchange earnings.

Today Yuzhmash on the verge of bankruptcy — the enterprise accumulate debts for energy, people transferred to a shortened work week.

Speaking from the rostrum of one of the authors of the bill, MP Dmitry Kisilevskiy said that together with the State space Agency of Ukraine is elaborating a program of activities that will allow you to return Pivdenmash solvency.

"it Was held a visiting session on the issues of economic development in the river where the decision of the Committee approved the list of activities that we are consistently moving in to reclaim the space industry of Ukraine in the position where it should be" — summed up Kisilevsky.

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