Business news from Ukraine

Business news from Ukraine

TURKISH COMPANY INTERESTED IN PRIVATIZATION OF ENERGY ENTERPRISES IN UKRAINE

The delegation of the Ministry of Economic Development, Trade and Agriculture, during the visit of President of Ukraine Volodymyr Zelensky to Turkey, met with CEO of Aksoy Ventures Batu Aksoy.
Aksoy Ventures operates in the areas of electricity generation, fuel distribution and industrial construction, and is interested in the privatization of Ukrainian energy enterprises and the implementation of infrastructure facilities, the President’s Office said on its Facebook page.
“Ukraine is interested in the further growth of Turkish investments and the implementation of joint projects, including infrastructure projects under the terms of public-private partnership. In the near future, a list of priority investment projects for the state will be approved. It will, in particular, include public-private partnership projects. In addition, a new legislative platform is being formed in Ukraine – this is a bill on ‘investment nannies,’ which will significantly increase the attractiveness of Ukraine for investors,” said Minister of Economic Development, Trade and Agriculture Ihor Petrashko.
In turn, President Zelensky stressed that it is important not to postpone such meetings for later. “If there is a chance, we will also meet at the weekend, discuss the details in order to move faster to attract investment. Turkish business has proved its quality in the international arena,” the head of state said.

, ,

FORMER PRESIDENT OF THE UKRAINIAN WORLD CONGRESS APPOINTED HONORARY CONSUL OF UKRAINE IN MONTREAL

Former President of the Ukrainian World Congress (UWC) (2008-2018) Eugene Czolij has become the Honorary Consul of Ukraine in Montreal (Canada).
“Congratulations to former President of UWCongress Eugene Czolij as new Honorary Consul of Ukraine in Montreal. Glad to expand our consular presence in Canada,” the Foreign Ministry said on Twitter.

, , ,

TOP 20 COUNTRIES UKRAINE HAS POSTED THE HIGHEST SURPLUS OF TRADE IN GOODS IN JAN- JULY OF 2020 (THSD USD)

Top 20 countries Ukraine has posted the highest surplus of trade in goods in Jan- July of 2020 (thSd USD).


Source: SSC of Ukraine

, ,

UKRAINE ALREADY PRODUCES MORE THAN 200,000 TONNES OF SUGAR

Sugar production in Ukraine as of October 16, 2020 amounted to 211,600 tonnes.
According to a report on the website of the Ukrtsukor National Association of Sugar Producers, as of that date, 26 sugar factories were operating in the country, which have processed 1.6 million tonnes of sugar beets.
As reported with reference to Ukrtsukor, the sugar beet processing season in Ukraine started on September 5.
Sugar production in the country in 2020 is projected at 1.2 million tonnes, which is 15% less than a year earlier. It is expected that 33 sugar factories will operate this season, at the level of last year.
According to the State Statistics Service, in 2020 areas under sugar beets amounted to 218,900 hectares, at the level of the last year.

,

UKRAINE AND TURKEY PLAN TO INCREASE TURKISH INVESTMENTS IN INFRASTRUCTURAL PROJECTS IN UKRAINE

Ukraine and Turkey intend to continue cooperation in order to increase Turkish investments in the implementation of infrastructure projects in Ukraine, taking into account the opportunities provided by the Big Construction program in Ukraine.
“We note the importance of the early completion of negotiations on the Free Trade Agreement between Ukraine and the Republic of Turkey. We emphasize the need to intensify cooperation within the framework of the Intergovernmental Commission on Trade and Economic Cooperation,” Presidents of Ukraine and Turkey Volodymyr Zelensky and Recep Tayyip Erdoğan said in the joint statement, following their meeting in Istanbul on October 16.
Turkey welcomes Ukraine’s intention to join in observer status in the Organization of Islamic Cooperation, and also notes Ukraine’s interest in cooperation with the Turkic Council.
The heads of state also agreed to work towards holding the Year of Ukraine in Turkey and the Year of Turkey in Ukraine, which will further deepen cultural and humanitarian cooperation and interpersonal contacts between the countries.

,

UKRAINE’S METALLURGICAL ENTERPRISES REDUCE GAS AND ELECTRICITY CONSUMPTION

Metallurgical enterprises of Ukraine reduced the consumption of natural gas by 1% in January-September this year compared to the same period last year, which accounted for 1.39 billion cubic meters.
According to the information from the Ukrmetalurgprom association, electricity consumption by metallurgical enterprises amounted to about 8.22 billion kWh for this period (95% compared to January-September in 2019).
As reported, Ukrainian metallurgical enterprises reduced consumption of natural gas by 2% in 2019 compared to 2018, which accounted for 1.8 billion cubic meters. Electricity consumption by metallurgical enterprises amounted to about 11.2 billion kWh in 2019 (95% compared to 2018).
In 2018, metallurgical enterprises, including those in the temporarily uncontrolled territory reduced consumption of natural gas by 4% compared to 2017, but increased it by 4% without the uncontrolled territory, which accounted for 1.840 billion cubic meters. Electricity consumption by metallurgical enterprises amounted to 11.76 billion kWh in 2018 (102% of the consumption in 2017 with uncontrolled territory, and 106% without it).

, , ,