11 » December » 2017 » Ukraine open for business

Business news from Ukraine

UKRAINE INTERESTED IN CREATING OPEN ENERGY MARKET – GROYSMAN

KYIV. Dec 11 (Interfax-Ukraine) – Prime Minister of Ukraine Volodymyr Groysman has stated Ukraine is interested in creating an open energy market based on legislation corresponding to the norms of the European Union.
“Ukraine is interested in creating an open energy market that would be regulated by the better legislation that would fully comply with the legislation of the European Union,” Groysman said during a joint press conference with EU High Representative for Foreign Affairs and Security Policy Federica Mogherini in Brussels.
Groysman noted the free trade area between Ukraine and the EU proves its effectiveness, and the growth of trade turnover between the countries amounted to 29%.

UKRAINE’S SPF APPROVES LIST OF COMPANIES FOR PRIVATIZATION IN 2018

KYIV. Dec 11 (Interfax-Ukraine) – Ukraine’s State Property Fund (SPF) has approved a list of almost 100 enterprises of groups B, G and E eligible for privatization in 2018, the press service of the fund has reported, referring to SPF Head Vitaliy Trubarov.
The list includes over 99% of Mykolaiv, Dniprovska and Kherson combined heat and power plants (all private joint-stock companies) and public joint-stock company Kryvy Rih combined heat and power plant, 70% in PJSC Khmelnytskoblenergo and Mykolaivoblenergo, 65% in Kharkivoblenergo, 60% in PJSC Zaporizhoblenergo, 50% in OJSC ternopiloblenergo, 78% in PJSC Centrenergo and 75% in PJSC Turboatom (Kharkiv).
In addition, the fund approved the privatization of enterprises in the chemical sector – PJSC Odesa Port-Side Plant (99.5%), Sumykhimprom (99.9%), Zaporizhia Titanium and Magnesium Combine (51%) and Zaporizhia Aluminum Combine (ZAlK).
The fund will repeat the offer to privatize 40% of Svit Lasoschiv LLC (Cherkasy).
Trubarov said that the SPF has started preparing for the privatization of Odesa Port-Side Plant and energy companies. Their privatization is scheduled for spring 2018.
He said that the fund expects to implement the budget privatization plan in 2018 by UAH 22.5 billion.

INNOVATION SUPPORT FUND TO GET UAH 50 MLN IN 2018 – PM GROYSMAN

KYIV. Dec 11 (Interfax-Ukraine) – Ukrainian Prime Minister Volodymyr Groysman has said that UAH 50 million will be allocated in 2018 to finance the Innovation Support Fund and added that the financial management system in science is not perfect.
“We are creating the Innovation Support Fund in the budget, which will now amount to UAH 50 million, because we want to support all innovative solutions that Ukrainians currently produce,” he said at the National Reform Press Club “Decentralization: Results and Achievements for 2017, Tasks for the Next Year” in Kyiv on Monday.
At the same time, Groysman noted that only UAH 8.2 billion is to be spent on science, but the financial management system in science remains imperfect and needs to be improved, and the government plans to work on this in 2018.