KYIV. Oct 31 (Interfax-Ukraine) – The implementation of the imports replacement concept in the Ukrainian pharmaceutical sector is possible with the approval of the strategy for attracting foreign investment, President of the Association Manufactures of Medications of Ukraine (AMMU) Petro Bahriy has said.
“The foreign direct investment attraction concept for the Ukrainian pharmaceutical sector should be drawn up, not the imports replacement concept. Ukrainian pharmaceutical manufacturers can calmly work in close cooperation with foreign partners. Ukrainian patients would win from this, as they would have access to modern drugs and modern technologies,” he said during a discussion at the Ukrainian HealthCare Forum 2016.
Bahriy said that investment should be stimulated to achieve this goal.
“Everything what is to be done is to introduce preference, or stimulate investment. There is nothing to worry about. This is done all over the world. Support of local manufacturers and reasonable preferences exist everywhere,” he said.
He said that efforts made by pharmaceutical companies in Ukraine to develop the sector should be supported by the state.
“We want to move to Europe. We want to create jobs. This work would have been more effective if it were supported by Ukraine’s leaders and the conditions for stable development were created,” Bahriy said.
KYIV. Oct 31 (Interfax-Ukraine) – Hungary is ready to allocate EUR 50 million under a project for the construction of a bypass road around the west-Ukrainian town of Berehove and a road that will link Berehove with Mukacheve, Hungary’s Minister of Foreign Affairs and Trade Peter Szijjarto has said.
The Ministers of Foreign Affairs of Ukraine and Hungary on Friday met in Kyiv where they agreed to start investing in a number of infrastructure projects in the Transcarpathian region.
“Today we have agreed on the timeframe for developing infrastructure projects in Zakarpattia – up to five infrastructure projects. And we will begin to invest in one of the projects – this is a ring road around Berehove, which will lead to the border,” Ukrainian Foreign Minister Pavlo Klimkin said at a press conference.
The parties also discussed issues of bilateral cooperation, the opening of new crossing points, as well as the introduction of joint customs and border control.
KYIV. Oct 31 (Interfax-Ukraine) – PJSC Ukrtransgaz and French company Engie have signed an agreement on cooperation for natural gas storage in Ukrainian underground gas storage facilities (UGS).
“Prime Minister of Ukraine Volodymyr Groysman and Minister of Economy and Finance of France Michel Sapin on October 28 took part in signing an agreement between Engie and PJSC Ukrtransgaz,” the press service of the Cabinet of Ministers said.
According to the report, the signing ceremony was held before the start of the French-Ukrainian business forum in Paris.
According to the document signed, Engie gained the possibility to store gas in Ukrainian underground gas storage facilities.
KYIV. Oct 28 (Interfax-Ukraine) – Ukrainian President Petro Poroshenko has attended the opening of a new company with foreign investments Kromberg and Schubert Ukraine in Oliyivka (Zhytomyr region) for production of electrical and optical equipment.
According to the official presidential website, the event took place during the president’s working visit to Zhytomyr region.
“Your production is the fact that investors vote with dollars, hryvnias, euros for Ukraine’s independence and support the country,” Poroshenko said.
The president noted reforms aimed at creating an attractive investment climate and raising investment are very important for protection of the state.
He stressed the protection of workers and the fight against poverty is the priority for the authorities.
“The key man in Ukraine is a taxpayer. And we will do our best to protect workers,” he said.
Kromberg and Schubert started work in Ukraine in Lutsk in 2004.
KYIV. Oct 28 (Interfax-Ukraine) – Ukraine in January-September 2016 increased exports of electricity by 3.6% (by 97.4 million kWh) compared to the same period in 2015, to 2.834 billion kWh, a source in the Ministry of Energy and Coal Industry has told Interfax-Ukraine.
Electricity supplies from the Burshtyn TPP energy island in the direction of Hungary, Slovakia and Romania in the period decreased by 22.4% (by 601.9 million kWh) compared to January-September 2015, to 2.081 billion kWh.
Electricity supplies to Poland amounted to 749.2 million kWh against 39.4 million kWh in January-September 2015.
In January-September 2016, 3.7 million kWh was delivered to Moldova, Belarus did not received power against 600,000 kWh for the first nine months of last year.
Ukrainian electricity was not exported to Russia in January-September 2016.
In September 2016 exports of Ukrainian electricity amounted to 224.6 million kWh, which is 14% up than in September 2015.
In January-September 2016 Ukraine imported 57.744 million kWh of electricity, including 3.3 million kWh from Russia and 47,000 kWh from Moldova in August.
KYIV. Oct 28 (Interfax-Ukraine) – Kyiv City Council will allocate UAH 200 million from the city budget to improve infrastructure and create a positive image of Kyiv for holding the Eurovision 2017 song contest.
Some 89 deputies voted for appropriate changes to the city targeted program “Capital Culture 2016-2018.”
According to the press service of Kyiv City Council, it is planned in the current year to allocate and use UAH 50 million, the remaining UAH 150 million in 2017.
“The funds will be spent on improving infrastructure and creating a positive image of Kyiv. This is our advertisement at the international level, and we must be ready to accept about 20,000 foreign tourists,” Kyiv City Council deputy Hanna Starostenko said.
As reported, the Cabinet of Ministers at a meeting on October 26 lifted restrictions on spending on preparations for the Eurovision 2017 international song contest in Kyiv.
