Business news from Ukraine

GOVT APPROVES PROCEDURE FOR USING UAH 2 MLN FOR E-GOVERNANCE DEVELOPMENT BY AGRICULTURE MINISTRY

KYIV. Oct 25 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine has approved a procedure for using UAH 2 million announced in the national budget for the Agricultural Policy and Food Ministry of Ukraine for development of e-governance in the agroindustrial complex.
The decision was made at a government meeting on Wednesday.
The government appointed the ministry the key spending unit of the budget funds under the program.
Budget funds are allocated to introduce the e-document flow, in particular, the creation and introduction of local computer networks and purchase of computer and office equipment.
The government obliged the ministry to submit information about the results of the implementation of the budget program in a month.

UKRAINE, CHINA’S CCEC TO REVISE AIR EXPRESS AND OTHER PROJECTS

KYIV. Oct 26 (Interfax-Ukraine) – Ukraine hopes to find a compromise regarding the loan issued by China Complete Engineering Corporation (CCEC) for the cheaper implementation of the Air Express project and other projects. A joint group with CCEC has been created, First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said.
“It consists of representatives of ministries and parliament and by the middle of November it will revise this and other Ukraine-China projects, as well as determine top priority tasks and present proposals on their optimal implementation,” he wrote on his Facebook page after a meeting with representatives of CCEC in Kyiv.
He believes that the constructive dialog helps to settle existing problematic issues and find a mutually beneficial solution that would suit passengers and would be more efficient from the point of its implementation.
Kubiv said that a high-speed train is required to be launched between Kyiv and the Boryspil airport, although the project should be economically viable.
“For example, a tram train, as this is more beneficial alternative to the Air Express project initiated in 2011,” Kubiv said.
As reported, Ukraine has the unrealized national project “Air Express” of railway passenger communication between Kyiv and Boryspil International Airport, construction of other infrastructure objects in Kyiv region, which is aimed at ensuring the development of transport infrastructure, strengthening the competitive positions of Ukrainian air carriers, increasing the investment and tourist attractiveness of the country.
To implement it, in 2011, a $372.3 million government secured credit agreement was signed with the Export-Import Bank of China. The CCEC was designated as the general contractor for performing turnkey construction works.

UKRAINE SHOULD MEET FOUR CONDITIONS FOR EFFECTIVE IMPLEMENTATION OF AA WITH EU – MINGARELLI

KYIV. Oct 26 (Interfax-Ukraine) – Head of the Delegation of the European Union to Ukraine Hugues Mingarelli believes that effective coordination of the Association Agreement between Ukraine and the EU requires a strong coordination of ministries, the involvement of the Verkhovna Rada and communication with citizens.
“Our experience tells us that four conditions have to be met for the effective implementation of this agreement. The first condition is that there’s a need for a strong coordination of various ministries involved, which means that the deputy prime minister in charge of European integration and the government office in charge of European integration must be given the possibility to coordinate the work of all ministries in this regard,” he said at a government meeting on Wednesday, October 25.
The EU ambassador added that the second condition concerned the involvement of the Verkhovna Rada in this process, which means that every year there should be a common “roadmap” for the government and the parliament on priority actions to be implemented.
At the same time, Mingarelli believes that ahead of each session of parliament it would be necessary for government members to spell out clearly the priority legal acts that need to be adopted.
Also, he said, all stakeholders such as the Government Office for European Integration, various ministries and committees and the EU Delegation should meet on a monthly basis to discuss the implementation process, as well as identify and eliminate possible obstacles.
“The last condition is the need for an effective communication around the Association Agreement, which would explain to ordinary Ukrainian citizens the benefit that this Association Agreement can bring to the country,” Mingarelli said.

CABINET APPROVES DRAFT AGREEMENT WITH UAE ON CULTURAL COOPERATION

KYIV. Oct 26 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine has approved a draft agreement with the government of the United Arab Emirates on cooperation in the cultural sphere.
The corresponding decision was made at a government meeting on Wednesday, an Interfax-Ukraine correspondent reported.
The Cabinet authorized Ukraine’s Culture Minister Yevhen Nischuk to sign this agreement.
The agreement provides for the promotion of cultural exchanges between countries for the popularization of national culture.
The agreement is planned to be concluded for a period of five years with automatic extension for subsequent five-year periods in the absence of objections from the parties.

ENERGOATOM AND TOSHIBA SIGN MEMO ON COOPERATION TO MODERNIZE UKRAINIAN NPPS

KYIV. Oct 26 (Interfax-Ukraine) – State-owned enterprise Energoatom and Japan’s Toshiba Energy Systems & Solutions Corporation have signed a memorandum of understanding in the nuclear power industry with a view to developing cooperation on upgrading turbo generator equipment at Ukraine’s nuclear power plants (NPP).
According to the press service, the document on cooperation in the issues of increasing the capacity, efficiency and safety of NPP power units through modernization of turbine equipment was signed by Energoatom President Yuriy Nedashkovsky and Vice President of Toshiba ESSC Goro Yanase in Kyiv on October 25.
“We are convinced that our joint work will not only help increase the capacity of turbine generators at Ukrainian NPPs, but will also give an additional impetus to the development of domestic technologies for nuclear power plants,” the Energoatom head said.
“We are confident that the establishment of mutually beneficial relations between our companies will enable Energoatom to achieve modernization of nuclear power plants, increase capacity and stable electricity supplies, and Toshiba to expand its business of supplying nuclear equipment to Ukrainian nuclear power units and contribute to the achievement of Energoatom’s goals,” the Japanese expert said.

POSCO DAEWOO INTERESTED IN BUILDING GRAIN COMPLEX AT CHORNOMORSK PORT – SEA PORT AUTHORITY

KYIV. Oct 25 (Interfax-Ukraine) – South Korean Posco Daewoo Corporation has expressed its interest in building a grain complex at the Chornomorsk seaport (Odesa region), the press service of the Ukrainian Sea Port Authority.
A delegation of Posco Daewoo visited the Chornomorsk port on October 23, 2017.
“The Korean delegation was especially interested in the possibility of developing a second terminal using berths Nos. 7, 8 and 9. Representatives of Posco Daewoo Corporation are interested in cooperation and consider this territory as promising for the construction of a complex for transshipment of grain cargo and processed products,” the authority said.
The authority recalled that the development program of the Chornomorsk seaport provides for the development of the facilities of the second terminal. Currently, the Ministry of Infrastructure of Ukraine is looking for a potential investor.