KYIV. Sep 4 (Interfax-Ukraine) – President of Ukraine Petro Poroshenko has announced the opening of a new Center for Provision of Administrative Services in Kharkiv, which will be one of the largest in Ukraine.
“Hundreds of comfortable, modern administrative centers are already operating throughout the country, and one of the largest will now operate in Kharkiv,” Poroshenko wrote on his Facebook page.
“Each such Centre on Provision of Administrative Services is a symbol of transparent, effective power. And most importantly it means comfort and convenience for citizens,” the president said.
KYIV. Sept 4 (Interfax-Ukraine) – Prime Minister of Ukraine Volodymyr Groysman has announced the creation of the Startup Support Fund in 2018.
“There is no opportunity to transform your invention into a real economy in Ukraine. For this we need to strengthen copyright. We will create the Startup Support Fund next year, we will support, we will invest in this, because this is, by and large, a huge success for our entire country,” the premier said at a meeting with the students of the Erudite educational complex in Solomiansky district of Kyiv.
He noted that many successful startups in the world were created by Ukrainians.
KYIV. Sept 4 (Interfax-Ukraine) – Endless Moonlight Limited and Trading Field Limited (both based in Hong Kong) has announced their intention to purchase 24.95% of shares in PJSC Donetskoblgaz from Luxembourg’s Grandgas S.a.r.l. and Gascity S.a.r.l.
This is stated in the reports of companies in the press.
These two Luxembourg companies own 49.9% of the shares, another 38.28% of Donetskoblgaz belong to Naftogaz Ukrainy.
Donetskoblgaz in 2016 saw net loss fall by 7.7 times compared to 2015, to UAH 53.719 million, its net income rose by 57.4%, to UAH 2.37 billion.
KYIV. Sept 4 (Interfax-Ukraine) – Finance Minister of Ukraine Oleksandr Danyliuk has met with representatives of the World Bank to discuss the revision of the bank’s portfolio in Ukraine.
According to a report on the ministry’s website, the revision of the program portfolio allows to assess the status of the project implementation, after which further actions will be agreed upon.
Over the 25 years of Ukraine’s membership in the World Bank, the organization has allocated $11.905 billion to finance investment projects. The funds went to the institutional development of public authorities, support for certain areas and projects in priority areas, as well as to support reforms and balance the budget, the Finance Ministry said.
Constant and systematic review of the state of implementation of the projects contributes to their efficiency, the press release says.
KYIV. Sept 1 (Interfax-Ukraine) – State-owned enterprise Energoatom plans in 2018 to invest UAH 5.166 billion (excluding VAT) of credit funds from the European Bank for Reconstruction and Development (EBRD) and the European Atomic Energy Community (Euratom) in improving the safety of power units at nuclear power plants, which is 32.4% of the total investment program for 2018.
This is stated in the protocol of discussion of the investment program for 2018 posted on the company’s website.
In general, the company plans to approve an investment program for the next year in the amount of UAH 15.952 billion, whose sources, in addition to the EBRD and Euratom, should be profit (UAH 8.915 billion) and depreciation charges (UAH 1.871 billion).
The key areas of the investment program are improving safety, reliability and efficiency, as well as extending the lifetime of power units (UAH 10.973 billion), new construction (UAH 3.364 billion), physical protection of nuclear facilities (UAH 330 million), and other capital investments (UAH 1.049 billion).
KYIV. Sept 1 (Interfax-Ukraine) – Prime Minister of Ukraine Volodymyr Groysman has met with newly appointed President and Chief Executive Officer of Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, Ray W. Washburne to discuss promising areas of investment cooperation between the countries.
“OPIC is interested in the implementation of several projects in Ukraine – the development of small and medium enterprises, cooperation with the state-owned energy holding Energoatom, the development of wind power in the southern regions, particularly in Zaporizhia, and the modernization of Ukrzaliznytsia’s rolling stock. Now these projects are in the final stages of negotiations,” Groysman wrote on Facebook on Wednesday night.
According to the premier, the volume of financing projects with Energoatom is at least $250 million, and wind energy projects are estimated at about $400 million.
He said that since 1995, when OPIC started its activity in Ukraine, 20 different projects have already been implemented. “I hope further cooperation will become even more productive,” Groysman said.
As reported, Washburne is now in Ukraine and has already met with Finance Minister Oleksandr Danyliuk.
