Cabinet Licenses Radar To Military Goods Import/Export To Belarus
The Cabinet of Ministers has licensed Kyiv-based Radar plant, a producer of radio electronic equipment, to export and import military goods to/from Belarus, the Ministry of Economic Development and Trade said in the press-release.
On February 12, the government approved the resolution drafted by the Ministry of Economic Development and Trade to authorize Kyiv Radar public joint stock company to provide export and import of military goods under the agreement between the Cabinet of Ministers and the Government of the Republic of Belarus on industrial, scientific and technical cooperation between defense businesses, Acting Minister of Economic Development and Trade Ihor Prasolov said.
The resolution reduces the term for the plant to obtain the required permits from the State Export Control Service and simplifies customs clearance according to the annually approved lists of products eligible for international transfer to Belarus, the acting minister noted.
As Ukrainian News earlier reported, in 2012 Kyiv-based Radar plant earned a net profit of UAH 1.382 million having increased net revenue 2.12 times or by UAH 50.203 million against 2011 to UAH 95.063 million.
Radar PJSC produces radars, weather navigation stations, special-purpose equipment and devices for the gas industry.
Radar is a 100% government-owned plant.