Ternopil State Scientific Technical Enterprise “Promin"," which is part of the SC "UkrOboronProm," received a chance to revive its capacities and invest in production. This was announced by UKROBORONPROM Deputy Director General Volodymyr Kostrytskyy.

With the assistance of "UkrOboronProm" and Ternopil Regional State Administration, the state enterprise has developed a rehabilitation plan before the commencement of proceedings in the bankruptcy case. Economic Court of Ternopil region approved the plan. This procedure was used solely for the private sector economy enterprises. These measures allow avoiding the commencement of proceeding in the “Promin” bankruptcy case and the enterprise receives a chance to release its blocked accounts and restore its production activity.

"The personnel and the new head of the enterprise developed a plan for reorganization proceedings in the bankruptcy case. Now, "Promin" can not only earn and pay off its debts, but also develop and invest in its production capacity, "- said Volodymyr Kostrytskyy.

Ternopil State Scientific Technical Enterprise “Promin" specializes in design and manufacture of transmission equipment, manufacturing antenna systems with different diameter mirrors for ground stations and satellite communications. Today its products are in demand for air defense systems production, as well as for aircraft navigation.

The SC “Ukroboronprom” equips Ukrainian army with new and modern military equipment, introducing NATO standards and cooperating with world leaders in weapon production industry. As a result of two years UOP enterprises produced 12,716 armament and military equipment for the Armed Forces of Ukraine and other structures.