U.S. Secretary of Energy Rick Perry during his visit to Ukraine on Monday, November 12, will speak to representatives of U.S. business in Ukraine and members of parliament. The U.S. Embassy in Ukraine reported that on November 11, Perry will pay tribute to the memory of the Heroes of the Heavenly Hundred in Instytutska Street in Kyiv. On November 121, the secretary of energy will speak to representatives of the American Chamber of Commerce in Ukraine and the U.S.-Ukraine Business Council (USUBC) in the Intercontinental Hotel.
Perry will also make a speech, addressing people’s deputies of the Verkhovna Rada and other guests in the Diplomatic Academy.
As reported, the secretary of energy will meet Ukrainian Prime Minister Volodymyr Groysman on November 12.
China is planning investment projects for the creation of multimodal cargo terminals in the Ukrainian territory on the border with the EU as part of the development of transit with the European Union. Deputy Infrastructure Minister of Ukraine for European Integration Viktor Dovhan met with Chinese Vice Prime Minister Liu He, the leadership of the National Development and Reform Commission of China, and the Ministries of Transport and Commerce of China within the transport initiative “One Belt, One Road” in Beijing on November 8-9, 2018.
The parties noted the need to develop transit from China to the EU.
“The Chinese side noted that this year 6,500 containers have been transported to Austria, and cargo traffic along the Trans-Caspian international transport route is growing. Investment projects are planned for the creation of multimodal terminals on the border with the EU (Lviv, Kovel, and Uzhgorod),” the Ministry of Infrastructure said.
In addition, the ministry stated that agreements have been achieved on signing an agreement on road transport between Ukraine and China with Deputy Minister of Transport of the People’s Republic of China Liu Xiaoming until May 2019. This agreement will allow companies in both countries to transport goods in the territory of the other state regardless of the established routes, based on the needs of logistics and trade.
The business delegation of Pharmexcil, the Pharmaceuticals Export Promotion Council of India, will visit three importing countries, including Ukraine, Turkmenistan and the Russian Federation at the end of November. The Indian Pharmaceutical Manufacturer’s Association (IPMA) said the delegation of Pharmexcil will hold business meetings with the local pharmaceutical companies and regulatory agencies to stimulate Indian pharmaceutical exports.
In Kyiv, the delegation of Pharmexcil will meet with the representatives of the Ministry of Health and pharmaceutical companies.
According to Pharmexcil, the sales of Indian medicines in Ukraine in 2017-2018 increased by 14.4%, to $95.96 million. In the 2016-2017 fiscal year, India exported pharmaceutical products worth $83.91 million to Ukraine.
India as a manufacturer in Ukraine in 2017 ranked third in terms of pharmacy sales in packages after Ukraine and Germany, and in monetary terms (in the national currency) it ranked fourth after Ukraine, Germany, and the United Kingdom. Among the Indian pharmaceutical companies that are actively working in Ukraine, in particular, are Macleods Pharmaceutical, Dr Reddy’s, Euro Lifecare Ltd.
China Railway International Group has confirmed the completion of the preliminary feasibility study for a project to build the fourth subway line in Kyiv, Deputy Head of the Kyiv City Administration Dmytro Davtyan has said. “… Together with representatives of the Ukrainian delegation, I met with the leadership of China Railway International Group. I received an official letter from the head of the company’s board, which officially confirmed the completion of the preliminary feasibility study for the construction of the fourth subway line,” he wrote on his Facebook page. According to him, the Chinese company also provided a pre-feasibility study, which will be presented in Kyiv.
Earlier Kyiv City Mayor Vitali Klitschko said that the construction of the fourth subway line will begin after the completion of the Podilsko-Voskresensky Bridge and will last five years. The cost of construction is estimated at $2 billion. At the same time, it is proposed to provide 85% of the project’s projected cost through a loan from Chinese financial institutions.
CHINA RAILWAY, COMPLETES STUDY, CONSTRUCTION PROJECT, FOURTH, SUBWAY
The U.S. Department of Agriculture (USDA) in November improved the forecast for soybean exports from Ukraine for the 2018/2019 marketing year (MY, September-August) by 5%, or 150,000 tonnes compared to the September forecast, to 3.1 million tonnes. According to a report on the website of the American department, the USDA increased the forecast for oilseed exports from Ukraine by 100,000 tonnes, to 5.7 million tonnes, processing by 50,000 tonnes, to 15.55 million tonnes. The USDA forecast for meal exports was adjusted upward by 80,000 tonnes, to 5.15 million tonnes, oil by 20,000 tonnes, to 5.85 million tonnes.
According to the USDA forecasts, in the 2018/19 MY sunflower seed production in Ukraine will increase by 9.5% compared to the previous marketing year, to 15 million tonnes, meal by 6%, to 5.98 million tonnes, and oil also by 6%, to 6.2 million tonnes.
The export of sunflower seeds in the 2018/2019 MY could increase by 2.6 times, to 100,000 tonnes, meal by 8.5%, to 4.6 million tonnes, oil by 5%, to 5.6 million tonnes.
The USDA lowered the forecast for global production of oilseeds this month to 599.6 million tonnes (604 million tonnes in the September forecast).
Industrial prices in Ukraine in October 2018 increased by 0.3% after rising by 1.2% in September, 1.3% in August and 1.6% in July, the State Statistics Service has reported. In annual terms (as compared to the same month last year), in October the rise in prices also slowed down to 16.6% from 18.9% in September and 19.3% in August.
The State Statistics Service said that industrial prices in Ukraine in October remained unchanged, while for shipments outside the country increased by 1.5%. In annual terms, the growth was 18.6% and 9.1% respectively.
Since the beginning of this year, producers’ prices in Ukraine have increased by 12.7%, in particular within the country by 14.3%, and beyond its borders by 6.6%.
As reported, the growth of industrial prices in 2017 slowed down to 16.5% from 35.7% at the end of 2016 and 25.4% at the end of 2015.
