Business news from Ukraine

Business news from Ukraine

Energoatom and American Westinghouse are launching internship program for Ukrainian nuclear scientists in United States

Energoatom and American Westinghouse are launching an internship program for Ukrainian nuclear scientists in the United States, within which more than 60 specialists and graduates of nuclear specialties will study AP1000® technology.

“Westinghouse Electric and Energoatom announced today a partnership, thanks to which more than 60 Ukrainian nuclear scientists and senior students will be able to take internships and get opportunities for development,” the company said on the Telegram channel on Wednesday.

The multi-year hands-on AP1000® technology training program will begin in the fall of 2022 at Westinghouse’s US headquarters. Upon completion of the training course, newly minted AP1000® technology technicians will have numerous opportunities to apply their engineering, technical and process support skills to new unit construction projects using this technology in Ukraine, in particular at the newly established Westinghouse Engineering and Technology Center in Kyiv, Energoatom said.

Specialists will also be trained to provide critical support for future decommissioning programs at Ukrainian nuclear power plants, the company added.

According to Oleh Boyaryntsev, Executive Director for Human Resources at Energoatom, the most talented and promising young professionals and graduates of leading Ukrainian universities will be selected for the internship.

“Thanks to the Westinghouse training program, Ukrainian specialists and students will receive a unique experience for development in the nuclear industry as we begin to implement AP1000® projects throughout Ukraine,” David Durham, president of Westinghouse Energy Systems, is quoted in the message.

He stressed that the opening of Westinghouse facilities for current and future Ukrainian nuclear scientists strengthens the company’s close partnership with Energoatom and Ukraine.

As reported, in June 2022, Westinghouse and Energoatom expanded agreements for the supply of nuclear fuel for all operating Ukrainian nuclear power plants and construction of nine AP1000® power units.

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Speaker of US House of Representatives Pelosi booked 48 rooms in Taiwan’s capital

Speaker of the House of Representatives of the US Congress Pelosi should land in Taiwan an hour earlier than the time previously published in various media (at 16:20 Kyiv time). Her delegation will consist of 40 people.

The visit of the Speaker of the House of Representatives may last until 5:00 pm Wednesday local time.

Earlier, a Boeing C-40C special flight carrying Nancy Pelosi arrived in Singapore on Sunday, according to Flightradar data.

Prior to this, the aircraft took off from the Hawaiian Islands, where it made an intermediate landing after flying from the continental United States.

Speaker of the House of Representatives of the US Congress Nancy Pelosi went on an official trip to Asia, during which she will visit Singapore, Malaysia, South Korea and Japan, her press office said in an official statement. It is indicated that Pelosi led the American delegation, the purpose of which is to conduct negotiations on trade, security, climate change and the COVID-19 epidemic.

At the same time, the message does not mention the possibility of her visit to Taiwan, which she previously announced.

Tensions over a possible visit to Taiwan by Pelosi rose after Chinese President Xi Jinping, in a telephone conversation with US President Joe Biden on Thursday, said that the position of the Chinese leadership and the people of the country on the Taiwan issue is firm, and that “the United States must respect” the principle of one China.” He also warned Biden against “playing with fire” on Taiwan.

Previously, the YouTube channel “Club of Experts” called Pelosi’s possible visit to Taiwan a top event. For a more detailed analysis of upcoming events in Ukraine and the world, see the video review of the Expert Club channel at the link

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Ministry of Agrarian Policy issued first 4 grants for development of horticulture

The Ministry of Agrarian Policy and Food of Ukraine issued the first four orders for grants for laying gardens and growing berries for a total of UAH 16.8 million, grants will be received by Bonelet LLC (Odessa region), Garden Pereyaslav LLC (Kyiv region), “Organic Zahid-group” LLC (Lvov region) and farm “Zhitni Pole” (Ivano-Frankivsk region).

As reported on the agency’s website on Tuesday, over the past month, Oschadbank has processed applications from 61 agricultural enterprises, of which 40 have been submitted for further consideration by the Ministry of Agrarian Policy: 33 for the development of horticulture, 7 for greenhouses. The working groups of the ministry have already worked out 23 applications and have agreed on the provision of a grant for the four above. The Ministry is considering 1 more application for a grant for the creation or development of a greenhouse facility and 16 applications for a garden.

“In the conditions of war, the government is laying a reliable platform to support the economy, which will give impetus to the preservation and creation of jobs, the payment of taxes to the state treasury. The agro-industrial complex has always been a driver for the development of the Ukrainian economy, and today, during the constant challenges for our country, this industry can is ready to become the basis for the development of small and medium-sized businesses in Ukraine,” the Ministry of Agrarian Policy quotes its head, Mykola Solsky.

According to him, grants for the development of greenhouses allow agricultural entrepreneurs to attract up to UAH 7 million in funding, and up to UAH 10 million for planting orchards. In general, the state will allocate UAH 16 billion for their financing.

The agency recalled that in June the Cabinet of Ministers of Ukraine launched a program of financial support for business under the government’s eWork program, through which entrepreneurs can receive government grants for training, creating and developing their own business. At the same time, the Ministry of Agrarian Policy oversees two areas related to the development of horticulture, growing berries, viticulture and greenhouses.

The agency clarified that it processes each application for funding within 10 business days after receiving a request from Oschadbank.

Under the terms of each program, the participant undertakes to operate for at least 5 years, pay taxes to the budget, and also create a certain number of jobs.

Club of Experts releases video review of events that will take place in Ukraine and world from August 1 to 7

As part of a new project to announce the events that should take place in the next seven days, a video material with an analysis of the planned events in Ukraine and in the world was released on the Expert Club YouTube channel.
In the new issue, the founder of the club of experts Maxim Urakin, together with the host Olga Levkun, analyzed the most important events in Ukraine and the world from August 1 to August 7, 2022.
In particular, a number of round tables, press conferences and seminars will be held in Ukraine on the development of the country’s economy in the post-war period, doing business on international marketing platforms, as well as the security of citizens in the current conditions. Also, residents of our country will be able to visit a number of cultural events.
On the world stage, by far the main event of the next week is the tour of the third person in the US hierarchy, Speaker of the US House of Representatives Nancy Pelosi, to Southeast Asia, as well as her possible visit to the island of Taiwan and the reaction of the Chinese authorities to this trip.
In addition, a number of the largest EU economies will publish data from statistical services on the state of their economy, and the Bank of England will publish a decision to change the base interest rate.
Watch these and many other events in a new video on the Club of Experts channel at the link:

You can subscribe to the Expert Club channel here – https://www.youtube.com/channel/UC4plQ0XBaoLOKPIXrb1aMGQ

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Support for pharmaceutical industry should become one of main priorities for Ukraine – Igor Stakovichenko

Yesterday, the Cabinet of Ministers included the pharmaceutical industry in the list of priority sectors of the economy, thereby strengthening state support in this area. Since the beginning of the war, the main pharmaceutical companies in Ukraine have generally maintained their production capacities, while several enterprises suffered as a result of Russian strikes, in particular, in March, the warehouses of the Farmak pharmaceutical plant burned down in Makarov, Kyiv region. The damage then, according to the enterprise, amounted to about 1.5 billion hryvnia.

How important is state support for pharmaceutical manufacturers now, and will the industry be able to provide Ukrainians with medicines in full? Igor Stakovichenko, an expert in the field of economics, answered these and other questions for the Open4business portal.

In his opinion, now the production of medicines should be equated by the state with the provision of the army, since in a warring state medicine is one of the foundations of a stable situation at the front and in the rear.

“It is hard to imagine that the army will be able to fight effectively if it is not provided with high-level medical support. At the same time, the production of its own medications is strategically important for the state. Supplies from Western partners are good, but having your own working pharmaceutical industry in such a difficult time is much better And this is understood in the government,” Igor Stakovichenko believes.

According to the expert, pharmaceutical production in Ukraine today is able to provide both the army and the population with a significant part of the necessary medicines. Igor Stakovichenko believes that the government’s timely decisions taken since the beginning of the war made it possible to quickly adapt the industry to new conditions.

“In particular, back in the spring, amendments were adopted to the law “On Medicines”, limiting the export of certain vital drugs. In addition, they significantly simplified the registration of pharmaceuticals during the war, creating an emergency procedure. This was done literally on the third day. In general, the government’s decision on The inclusion of pharmaceutical production in the list of priority industries is a continuation of the policy of supporting the industry, which has been outlined since the beginning of the war. Such support should remain at the level of the main state priorities,” stressed Igor Stakovichenko.

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Export of wheat from Ukraine in new season may be reduced by more than third – opinion

The export potential of Ukrainian wheat in the 2022/2023 marketing year (MY, July-June) may be about 12 million tons, which is 36% lower than in the previous 2021/2022 MY (18.7 million tons) and by 28% less than the year before last 2020/2021 MY (16.6 million tons).

As reported on the APK-Inform agency website on Friday, the decline in wheat exports is due to a 39% decrease in the expected gross grain harvest in Ukraine in 2022/23 MY compared to the previous season – to 52.3 million tons from 86 million tons, as well as the limited capacity of the country’s export infrastructure.

According to him, Egypt and Indonesia have been the key importers of Ukrainian grain products for several seasons: at the end of 2021/2022 MY, their shares in total exports amounted to 16% and 14%, respectively (2.9 million tons and 2.5 million tons in natural expression). It is specified that in 2021/2022 MY, Egypt increased purchases of Ukrainian wheat in relation to the season 2020/2021 MY by 19%, and Indonesia – by 2%.

Turkey became the third largest importer of Ukrainian wheat in the past MY – its imports more than doubled compared to the previous season – from 794 thousand tons to 1.9 million tons, and its share in total exports increased from 5% to 10%.

As reported, the US Department of Agriculture (USDA) in the July report predicts the harvest of Ukrainian wheat in the 2022/2023 marketing year (MY, July-June) at the level of 19.5 million tons, its export – 10 million tons, domestic consumption within the country – 10, 2 million tons. The corn harvest is estimated at 25 million tons, export – 9 million tons, domestic consumption – 10.7 million tons.

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