KYIV. Sept 5 (Interfax-Ukraine) – Industrial products (goods, services) worth UAH 1.185 trillion were sold in Ukraine in January-July 2017, which is 26.6% more than in January-July 2016.
According to the State Statistics Service, in July 2017 in comparison with July 2016 the volume of sold products in extracting and processing industry (turnover) grew by 20.6% (including 24.9% abroad), in particular in mining and quarrying industry by 16.1% (by 11.9%), and in processing industry by 21.6% (by 26.7%).
The share of supply of electricity, gas, steam and conditioned air in the total volume of sales was 20.6%, production of food, beverages and tobacco goods stood at 21.1%, metallurgical production and production of finished metal goods at 17.8%, and mining and quarrying at 14.9%.
KYIV. Sept 5 (Interfax-Ukraine) – Socar Ukraine Trading House has started the deliveries of diesel fuel produced by Gazprom Neftekhim Salavat (Russia) to Ukraine, the Socar press service has reported.
“Socar Ukraine buys diesel from Gazprom Neftekhim Salavat through an intermediary – LVK Centre ltd (Britain). As of September 4 the first 700 tonnes of fuel had been delivered.
“This contract allows diversifying the supply of diesel fuel and thus eliminating the monopoly position of another supplier of diesel fuel in the Ukrainian market. The market for the first time in three years received additional resources that are in demand in such sectors as agriculture, transport and heavy industry,” Socar said.
Gazprom Neftekhim Salavat owns one of Russia’s largest oil refining and petrochemical production complexes located in Salavat (Bashkortostan).
Socar owns a network of more than 50 fuel filling stations in Ukraine.
KYIV. Sept 5 (Interfax-Ukraine) – Ukraine is one of the most attractive countries for potential investments among the fund managers investing in EMEA countries (the countries of Europe, the Middle East and Africa), the Institutional Investor edition has reported.
“Ukraine was number one with 32% of respondents prioritizing the country followed by Romania at 26%, Nigeria at 25%, and Kenya at 24%,” reads a report on the website of the portal.
According to the survey, “investors who are most bullish on Ukraine are based in Russia and other countries in the CIS.”
The report says the most attractive investment direction in Ukraine is the agricultural sector.
“Ukrainian agricultural companies have shown that they can cope with a challenging economic and political risk environment exceptionally well,” lead portfolio manager of Union Investment Sergey Dergachev said.
The Institutional Investor research department surveyed 214 fund managers in 154 companies as to which country ranks first in their list for a visit in the next 12 months to study potential investments.
KYIV. Sep 5 (Interfax-Ukraine) – The Ukrainian League of Industrialists and Entrepreneurs (ULIE) has proposed creating a museum of industry in Ukraine and to use loss-making coal mines in eastern and western Ukraine as sites for the project, including state-owned No. 1 Novovolynska mine.
ULIE’s press release on Monday said the project is being lobbied actively by ULIE’s Donetsk regional affiliate and has already received the support of Ukraine’s Ministry of Energy and Coal Industry, as well as ULIE’s board during a meeting on September 1.
According to the plan, grants will be sought for the project from European donors.
ULIE’s press release says the museum was to be built as per a presidential decree in 2000, however the project was realized and needs to be re-launched.
“We have to show the past of industrialized Ukraine and the potential the country has. Success depends on the development of our technical, industrial and innovation capabilities. There is not one positive example of national development of a country with an economy based on raw materials,” ULIE President Antaloly Kinakh said.
A roadmap for the project has been drafted, along with a plan to seek donors. ULIE proposes creating an organizing committee headed by a Ukrainian deputy prime minister, since some decisions will need to be taken by government.
A photo exhibition, dubbed “European footprint in the creation of Ukraine’s industry,” will be organized with the support of European Union embassies in Ukraine in order to drum up public and parliamentary support for the project. Additional funds will be sought for the project itself.
“We want to show that Donbas, despite the complicated situation in the region, has industrial potential and will develop it,” ULIE Donetsk regional branch chief Viacheslav Redko said, adding that Ukraine’s Energy and Coal Industry Ministry officials, regional officials, interested parties and industrialists would meet to discuss the project in the near future.
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.
