Business news from Ukraine

Business news from Ukraine

BELARUS AND TURKISH INVESTOR PLAN TO BUILD RIVER PORT ON BORDER WITH UKRAINE FOR ACCESS TO BLACK SEA

Belarus is considering the possibility of building a river port on the Dnipro River in Gomel region near the border with Ukraine in order to use river-sea vessels to put out to the Black Sea. The Turkish investor Derin Shipping & Trading Co. might be involved in the project.
According to the state agency BelTA, Ambassador of Belarus to Turkey Andrei Savinykh states that the implementation of the project “will turn Belarus into a maritime state.” The project could be implemented by building a port terminal in the village of Nizhniye Zhary (Gomel region).
“Our Turkish partners are considering the possibility of building a port in Nizhniye Zhary, which will turn Belarus into a maritime state,” the official told journalists in Gomel during the visit of the Turkish delegation to the regional center.
It is assumed that the main volume of cargo turnover will be provided by oil products (Mozyr Oil Refinery is located near Gomel) and Petrikovsky GOK being under construction in Gomel region (the project of Belaruskali, the capacity is about 2 million tonnes of potassium chloride per year).

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KUWAIT INTENDS TO INVEST IN UKRAINIAN CANCER TREATMENT SYSTEM

The Kuwait Fund for Arab Economic Development is ready to provide Ukraine with a loan for investment projects in the field of cancer treatment, Ukraine’s Ministry of Health said on its official website. According to its data, the issues of cooperation were discussed at the fourth meeting of the Ukrainian-Kuwaiti intergovernmental commission on economic, technical and trade cooperation. “In particular, the parties discussed investment projects for cancer treatment and bone marrow transplantation. It’s not a secret to anyone that these issues are the most painful for our healthcare system. For example, this year about UAH 580 million has been spent on the Treatment Abroad program from the national budget. That is why we need investment projects that would develop transplantation in Ukraine,” Deputy Health Minister Pavlo Kovtoniuk said.
During the meeting, Health Minister of Kuwait Basel Hamoud Al-Sabah and Kovtoniuk discussed the progress of healthcare reforms in Ukraine.
“The Kuwaiti side is very interested in the changes we are introducing, because in the near future we plan to significantly reform the financing system of this industry. The Deputy Health Minister of Kuwait noted that the system should be as effective as possible regardless of how much money the country allocates for medicine. That is why he considers primary development to be the priority and is interested in our experience,” Kovtoniuk said.

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