The bill on national security will help improve Ukraine’s investment climate if adopted by the Verkhovna Rada, Ukrainian President Petro Poroshenko has said.
“We must work hard to ensure that Ukraine changes with respect to NATO standards. This will be largely facilitated by the law on national security, which was registered in parliament and drafted in cooperation with our NATO partners,” he said at a meeting with business representatives in Kyiv on Monday. Poroshenko noted that the adoption of this bill was closely linked to the improvement of the investment climate in Ukraine.
“What relation does this have to the investment climate? A direct and immediate relation, because parliamentary and public control over the defense and security sector is being intensified, and confidence in Ukraine as a reliable partner of NATO is growing,” he said. As reported, on February 28, 2018, the parliament received a presidential bill on national security of Ukraine (No. 8068) and it is immediately sent for consideration by the concerned committee.
Members of the monetary policy committee of the National Bank of Ukraine (NBU) after a meeting on February 28, 2018 were equally of the opinion that there are no grounds for toughening the monetary policy in April, if the refinancing rate is increased to 17%. “At present, all members of the committee have come to an agreement that if the refinancing rate is raised to 17%, the need for its further increase in April is not obvious,” the committee said in the minutes of the February meeting, posted on the NBU website.
The National Bank recalled that at the January meeting, most members of the committee pointed out the existence of a probability of a further increase in the refinancing rate in the short term, in the absence of significant signs of a reduction in inflationary pressures.
During the last meeting, some members of the committee also said that previous decisions to tighten monetary policy had not yet fully transformed into an equivalent increase in rates on deposits of individuals, although they stopped the downward trend in rates.
At the same time, the members of the committee said that the inflation risks that were discussed at the meeting in January remain relevant. Among these risks are the high vulnerability of the Ukrainian economy due to the delay in attracting the next loan tranche under the program of cooperation with the International Monetary Fund (IMF), the growth of inflation expectations of economic agents, as well as the significant consumer demand growth pace.
The Japanese government will allocate over $500,000 in grant aid to Ukraine in 2018 for the implementation of seven health, rehabilitation and education projects in Zhytomyr, Kherson and Kirovohrad regions and in the cities of Kyiv, Kharkiv and Mykolaiv, the press service of the Japanese Embassy in Ukraine has reported.
According to the report, financial aid will be provided as part of the second stage of financing the Kusanone program for supporting human security projects.
The ceremony of signing seven grant agreements with charitable and public organizations on the Kusanone project will be held on March 15 with the participation of Japanese Ambassador to Ukraine Shigeki Sumi.
A branch of the Embassy of Ukraine in the Argentine Republic has been opened in Santiago de Chile (Chile) – the first Ukrainian diplomatic mission in Chile.
Representative of the Ministry of Foreign Affairs of Chile, Mario Luis Silva, opening the ceremony, stressed that the opening of the Ukrainian diplomatic mission is an important stage in the development of bilateral Ukrainian-Chilean relations, since it will give new impetus to the development of relations in all spheres.
In his turn, Deputy Foreign Minister of Ukraine Serhiy Kyslytsia also expressed belief that the opening of the Ukrainian institution will contribute to the intensification of cooperation between the parties. “Taking into account the important reforms that are currently taking place in our countries, we now have an additional instrument for intensifying our relations, first of all in the trade, investment and scientific and technological spheres, where there is a significant potential for development of cooperation,” he said.
The Ukrainian official thanked the Republic of Chile for supporting the sovereignty and territorial integrity of Ukraine in the conditions of Russian aggression.
Ukraine’s Prime Minister Volodymyr Groysman said he hopes that an anti-corruption court will be created in the next few months.
“We hope that this court will be created by the Verkhovna Rada within several months,” the prime minister said following a meeting with High Representative of the EU for Foreign Affairs and Security Policy and European Commission Vice President Federica Mogherini in Kyiv on Monday.
Groysman said his government will do everything possible to support the creation of this court. In addition to the anti-corruption court, Mogherini and Groysman discussed the implementation of the association agreement between the EU and Ukraine and cooperation plans for 2018, the prime minister said. They also addressed the decision of a Stockholm arbitration court on gas contracts between Naftogaz Ukrainy and Gazprom and the situation in Donbas, he said.
During the briefing, Mogherini said the anti-corruption court should be independent and should be created in line with the conclusions of the Venice Commission. The creation of such court will promote investment in Ukraine and further reforms, especially privatization and land reform, she said.
JV Poltava Petroleum Company (PPC) seeks to attract a partner to enter the retail liquefied petroleum gas (LPG) market, Director General Viktor Hladun has said in an interview with Interfax-Ukraine.
“According to experts (ExPro), in 2017, our company occupied 2.5% of the Ukrainian LPG market. Taking into account a new commercial strategy of the company, one of the closest goals is the attraction of strategic partners to enter the retail market – sales to end consumers,” he said.
Hladun also said that PPC plans to increase loading of its LPG plant thanks to purchase of raw materials on the market.
“Our team is working on the additional loading of the LPG plant and the increase in the depth of refining. The plant was built in 2010 and launched in 2011, taking into account the volumes of production the company then had. Now it is loaded only by 30%. The obvious decision is to buy raw materials on the market and additionally load the plant,” he said.
As reported, PPC belongs to Britain’s JKX Oil & Gas Plc.
