Business news from Ukraine

Business news from Ukraine

VOTER TURNOUT AT UKRAINE’S PARLIAMENTARY ELECTION 19.24% AS OF NOON

Voter turnout at snap parliamentary election in Ukraine as of noon on Sunday was 19.24% according to data from 195 constituencies out of 199 constituencies all over the country, according to a posting on the website of the Central Election Commission (CEC) of Ukraine.
Turnout in Vinnytsia region was 18.68%, in Volyn region – 15.77%, Dnipropetrovsk region – 22.53%, Donetsk region – 21.62%, Zhytomyr region – 19.25%, Zakarpattia region – 12.32%, Zaporizhia region – 22, 96%, Ivano-Frankivsk region – 13.07%, Kyiv region – 19.46%, Kirovohrad region – 23.61%, Luhansk region – 25.37%, Lviv region – 13.86%, and Mykolaiv region – 20.72%.
Odesa region showed a turnout of 18.43%, Poltava region – 23.25%, Rivne region – 16.19%, Sumy region – 20.46%, Ternopil region – 15.19%, Kharkiv region – 21.53%, Khmelnytsky region – 20.48%, Cherkasy region – 22.67%, Chernivtsi region – 12.21%, Chernihiv region – 22.84%, Kherson region – 21.72%, and Kyiv City – 16.63%.

UKRAINIAN PRESIDENT VOLODYMYR ZELENSKY SEES ECONOMIST AS UKRAINIAN PRIME MINISTER

Ukrainian President Volodymyr Zelensky has said that he is holding consultations with people who he potentially sees at the post of the Ukrainian prime minister. He said that these are people who do not have a political past and who are professional economists.
“The Prime Minister … must be an absolutely professional economist who must have no political [past]. I would very much like this to be an absolutely independent person who has never been a prime minister, a speaker or a leader any [parliamentary] faction. I see this kind of person. Honestly, I will tell you. I am already holding consultations, talking … with some people,” Zelensky told reporters at a polling station on Sunday.
The head of state said that he has an unchanged position as for the issue of voiced requirements for the prime minister, but admitted that “some people who go to parliament now may not like it because they see themselves in this post.”

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AFTER UKRAINIAN PARLIAMENT ELECTION, AD HOC GROUP WILL PREPARE FIRST SESSION

The session of the Verkhovna Rada of the ninth convocation, according to the law, should take place no later than September 10, the parliament staff predict that the newly elected members of parliament will gather as soon as possible after the elections. After voting at the extraordinary elections of the Verkhovna Rada on July 21, the Central Election Commission (CEC) should within 20 days publish official results in the official newspapers Holos Ukrainy and Uriadovy Kurier with the list of elected parliamentarians.
According to the legislation, the Verkhovna Rada meets for the first session in the hall of the parliament no later than on the 30th day after the announcement of the voting results.
Thus, the first session of the parliament should take place before September 10.

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UKRAINE’S PRESIDENT DISCUSSES WITH CHINESE BUSINESS REPRESENTATIVES INVESTMENT POTENTIAL OF AROUND $10 BILLION

Ukraine’s President Volodymyr Zelensky has met with Chinese business representatives to discuss investment and the two sides made a preliminary list of joint projects with a potential investment of around $10 billion.
“The meeting attendees made a preliminary list of projects with an investment potential of around $10 billion, which Ukraine is planning to implement jointly with Chinese companies of private and public ownership. The projects will be coordinated by the national investment board led by the president,” the presidential press service said.
“We spend a lot of effort to attract investors to Ukraine. We are ready to protect investments. That requires a new parliament and government as well as our desire,” Zelensky told his guests.
He offered to discuss the potential investment in infrastructure development, agriculture and gas field development in Ukraine.
“One issue is to build a concession road around Kyiv,” Zelensky said.
For their part, representatives from a Chinese state corporation, which specializes in building military infrastructure, told about projects they could implement in Ukraine at their expense.
Representatives from a private Chinese company, which owns one of the world’s top 500 biggest banks, suggested a number of projects on infrastructure, agriculture, energy efficiency and financial services.

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RAUTA OBTAINES CONSTRUCTION LICENSE IN UKRAINE

The license allows the full-scale construction of buildings with a medium and significant consequences classes (CC2, CC3).
“Obtaining a license is a logical continuation of the company development in the highest quality construction materials supply and services provision,” said Andriy Ozeychuk, Rauta director.
Rauta offers comprehensive construction solutions and is the exclusive supplier to Ukraine of commercial products from the Finnish concern Ruukki.
Now, in addition to the building materials supply (sandwich panels, ventilated facades, prefabricated buildings), the company carries out a full scope of construction and installation works (foundations, steel, concrete and wooden structures installation, restoration, installation of equipment, etc.), installation of engineering networks (water supply, heating, ventilation, power supply, etc.), and also performs a general contracting.

POLTAVA PETROLEUM COMPANY COMPLETES DRILLING OF THIRD WELL SINCE YEAR START

Poltava Petroleum Company, a subsidiary of British-based JKX Oil & Gas plc, has successfully completed drilling the third (IG142) well since the beginning of the year (Ihnativske field), having received an average daily production rate of 152,000 cubic meters of gas and 709 bpd (barrel per day) of oil and condensate, JKX reported on the London Stock Exchange’s website.
The company said such results had significantly exceeded expectations.
“This is the fourth successful new well drilled by the Ukrainian subsidiary of JKX, Poltava Petroleum Company, since the approval of the five-year development plan,” the report says.
Poltava Petroleum Company is one of the largest non-state oil and gas companies in Ukraine. It owns five extraction licenses (Rudenkivske, Ihnativske, Novomykolaivske, Molchanivske, Yelyzavetivske deposits) and one license for geological exploration (Zaplavska deposit).
JKX Oil & Gas is engaged in the exploration and production of hydrocarbons in Ukraine, Russia, Hungary, and Slovakia.

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