Business news from Ukraine

Business news from Ukraine

COMPLETION OF KYIV SUBWAY STATION LVIVSKA BRAMA BEING DISCUSSED WITH INVESTORS

KYIV. May 27 (Interfax-Ukraine) – The completion of the Lvivska Brama subway station of the Syretsko-Pecherska line of Kyiv Metropoliten is being discussed with investors. Some core issues are to be settled with city authorities.

An Interfax-Ukraine correspondent has reported that Spokesperson of Kyiv Metropoliten Natalia Makohon gave the information during a visit of the station on Thursday.

“An investment tender scheme and station entrances have not yet been determined. The station has been mothballed for 20 years. We hope that Kyiv residents would be able to use it, as it would unload the central part of the city,” she said.

Makohon said that the readiness of the station is around 80%. The tracks and power supplies are operating.

“Many funds are required to complete it and a lion’s share of them is required to buy escalators equipment, install it and build entrances. This is a deep station – around 50 meters deep,” she said.

Makohon said that the city would decide whether the station would be completed using Kyiv budget funds or investors’ funds.

Asked about the Telychka station of the same line, Makohon said that the station was built as a technical station.

“I think that when at least a residential area is built in the district [where the station is located] city officials may consider opening it. We use this station as technical one,” she said.

TRADE REPRESENTATIVE OFFICE OF CHINA HEILONGJIANG PROVINCE TO BE OPENED IN KHARKIV REGION

KYIV. May 26 (Interfax-Ukraine) – A preliminary agreement on the possible opening of the trade representative office of China’s Heilongjiang Province in Kharkiv region has been reached during a meeting of Head of Kharkiv region Ihor Rainin with a Chinese delegation.

“The trade representative office of Heilongjiang Province in Kharkiv region will be a base for permanent communications between your specialists with representatives of our business. You will be able to monitor economic processes in the region,” the press service of Kharkiv’s Regional Administration reported, citing Rainin.

He said that all organization issues linked to the opening of the representative office will be tacked by the administration.

KYIV STARTS PREPARATIONS FOR EUROVISION 2017 – KLITSCHKO

KYIV. May 26 (Interfax-Ukraine) – Kyiv authorities intend to start the preparations for the song contest Eurovision 2017, the press service of capital’s mayor Vitali Klitschko has said.

“Kyiv stars preparations for the song contest Eurovision 2017 to hold it at a high-level next year,” the press service quoted the mayor of Kyiv.

The Ukrainian singer Jamala won in the final of Eurovision 2016 with the song “1944,” which took place in Stockholm (Sweden) on May 14. In accordance with the competition rules, Eurovision 2017 is to be held in the winner country which singer won the previous year. Thus, Eurovision 2017 will be held in Ukraine.

Earlier, mayors of several regional centers of Ukraine have already expressed their willingness to stage Eurovision 2017 in their cities. Kyiv Mayor Vitali Klitschko said that the capital would properly prepare to host Eurovision at the highest level. Klitschko named the Olympiysky National Sports Complex, which is located at the center of Kyiv, as the one of possible venues for holding the contest.

The European Broadcasting Union on June 1 will provide Ukraine with the norms for Eurovision 2017, but now the representatives of Ukrainian sports arenas are discussing the technical capability of the preparation of facilities for conducting the song contest.

ENERGY MINISTRY SUGGESTS ELIMINATING 11 STATE COAL MINES, PRIVATIZING 15 COAL MINES

KYIV. May 26 (Interfax-Ukraine) – Ukraine’s Ministry of Energy and Coal Industry within the coal industry reform program suggests elimination of 11 state-owned coal mines. Seven promising coal mines will be retained by the state as a basis for the country’s energy security, Minister Ihor Nasalyk has said.

“15 mines can be break-even or see profits. Then we will put them for privatization,” Nasalyk said at the Energy Spring congress 2016 in Kyiv on Thursday.

Nasalyk stressed that the elimination of mines would be accompanied by social programs for miners. The cooperation with the British adaptation program had already started for this purpose.

UKRAINE SEEKS TO CORPORATIZE SPACE ENTERPRISES BY 2018 – SSAU HEAD

KYIV. May 26 (Interfax-Ukraine) – The State Space Agency of Ukraine (SSAU) is working on restructuring of enterprises of the aerospace sector, including the corporatization of the sector by 2018, SSAU Head Liubomyr Sabadosh has said in an exclusive interview with Interfax-Ukraine.

“As part of a legislative initiative of an executive branch SSAU has designed a concept for reforming the sector with the change of the form of ownership of our enterprises. It has been submitted to the government. We propose the corporatization of the enterprises that could attract an investor not via the sale of assets, but via the sale of share capital,” he said.

Sabadosh said that this would contribute to getting orders and investment and retaining the technological and industrial capital of the sector.

SSAU estimated that it will take one or one and a half years to carry out mechanical restructuring work. The bill is pending the approval of the ministries and agencies. This autumn the document could be floored to the Verkhovna Rada.

“If lawmakers support us, from 2018 we would have a new national space program based on new principle. We would start implementing it with corporatized enterprises,” Sabadosh said.

“Foreign investors who would express desire to take part in the implementation of Ukraine’s national space program would be able to participate in the negotiations and, eventually, in the privatization of share capital of the state-run joint-stock holding companies,” he said.

“I want to emphasize that restructuring is not privatization: we do not want to permit chaotic sale of space companies that are of strategic importance for the state,” Sabadosh said.

TODAY WE JOINTLY WITH U.S. LOOKING FOR NEW OPTIONS OF COOPERATION IN AEROSPACE – SSAU HEAD

KYIV. May 26 (Interfax-Ukraine) – Ukraine and the United States are engaged in a dialog on the expansion of bilateral cooperation in aerospace. The countries together are looking for new options of technological and industrial cooperation in the space sector, Head of the State Space Agency of Ukraine (SSAU) Liubomyr Sabadosh has said in an exclusive interview with Interfax-Ukraine.

The discussion of new opportunities for implementing the potential of cooperation would continue during his working visit to the United States this week. Sabadosh will participate in a meeting of the Ukrainian-U.S. working group for cooperation in aerospace

“The agenda of the first meeting covers a wide set of issues. First, this is deepening of cooperation of between Ukrainian aerospace enterprises and U.S. Orbital ATK and Boeing. This is the expansion of partnership under the Antares missile carrier project and cooperation under the Zenit missile carrier project, maybe in a new upgraded version,” Sabadosh said.

He said that the United States showed its interest in the proposals of the Ukrainian side in the issue. The negotiations are underway. There is a potential investor.

“Earlier many parts for Zenit [missile carrier] were bought from Russia. Today there is an opportunity to rearrange cooperation, as chief designer of Zenit missile carrier is located in Ukraine,” he said.

Sabadosh said that he would also discuss the creation of a liquid missile engine for a U.S. missile carrier that can be used for the first stage of the upgraded Zenit carrier.

“I am sure that we could give a high-quality product to the market in the set terms and at the beneficial price, which is really important,” he said. He said that cooperation in the Antares missile carrier project was our first and easiest step in industrial cooperation with the United States.

He said that the potential of partnership in the sphere of technologies to combat so-called space waste.

“Today the issue is on the global agenda: bottom space is overloaded with space activities waste,” he said.

“The problem is not only of the ecological, but also the economic character: putting spacecrafts to higher orbits brings more additional expenses on organization of the launch,” Sabadosh said.

He expressed confidence that Ukraine could become a leader in this promising direction of partnership.