KYIV. June 22 (Interfax-Ukraine) – Ukrainian President Petro Poroshenko has met with President of the World Bank Jim Yong Kim, the Ukrainian presidential press service has reported.
“Special attention was paid to the more aggressive attraction of foreign investment into the Ukrainian economy,” the press service said in the early hours of Wednesday.
The two officials praised the adoption of the strategic document of cooperation for 2017-2021 aimed to support the Ukrainian reforms.
The Ukrainian president thanked the World Bank’s head for the constant support of Ukraine. Since 2014, the World Bank’s portfolio in Ukraine has tripled, or grown almost by $4.425 billion. The main increase was due to budget support projects worth $2.25 billion.
New investment projects worth about $2.6 billion have been started.
What is more, Poroshenko informed Jim Yong Kim on the first results of the reforms in Ukraine, the “achievement of macroeconomic stability and a reassuring trend towards economic growth.”
KYIV. June 21 (Interfax-Ukraine) – Instances of the primary registration of electric vehicles (new and used ones) in Ukraine in January-May 2017 increased by 2.8 times year-over-year, to 958 cars, which corresponds to a 2% share in the primary market of passenger cars, the Ukrautoprom Association has said.
The structure of the market in terms of the age of cars has significantly changed: if a year ago the share of new electric cars in primary registration was almost 45%, nowadays it is only 18%.
According to the report, the Nissan Leaf model with 816 cars registered in Ukraine, including 124 new ones, is an absolute leader in the Ukrainian market of electric cars.
The second most popular model was the Ford Focus Electric: 37 cars (three new and 34 used cars) were registered in Ukraine over the period under review. The Tesla Model S and the BMW i3 (24 units each) ranked third. However, the BMW i3 is in the lead among new registered cars: 16 against 7 new Tesla cars.
KYIV. June 21 (Interfax-Ukraine) – Cub Energy Inc. (the United States) with assets in Ukraine has contracted to purchase a new nitrogen rejection unit for near $1.6 million to re-commence production on its wholly-owned Rusko-Komarivske (RK) field in western Ukraine.
The new unit is manufactured in the United States by Sep-Pro Systems Inc.
“The hiring of our new COO, Kerry Kendrick, resulted in a re-evaluation of the western Ukraine operations and we collectively believe the new NRU is the best option for Cub and its shareholders to resume production and cashflow at our wholly-owned RK field,” Cub Energy Chairman and CEO Mikhail Afendikov said.
Cub Energy said that the new unit is expected to be operational in Ukraine by year-end. The unit comes with manufacturer warranties on operational capabilities. Also, the unit will be skid mounted so it can be utilized on any of the company’s gas fields in the future.
The RK field production was suspended on April 1, 2016, upon the expiration of the company’s gas blending agreement. The natural gas from the existing RK wells contains nitrogen content that exceeds the allowable limit per the Ukraine Code of Gas Pipeline System.
The new unit is expected to cost approximately $1.6 million with half this amount due in the first 30 days. To fund the purchase, the company will utilize cash on hand and will borrow $1 million from an officer of the company. The loan will bear interest at a rate of 6% per annum and payable monthly. The company will also issue 2.2 million common shares to the lender as a loan bonus.
KYIV. June 21 (Interfax-Ukraine) – Ukraine’s Economic Development and Trade Ministry has placed the Novorozdilsky industrial park (Novy Rozdil, Lviv region) to the register of industrial parks. The park is the 23rd park in the register.
The press service of the ministry reported that the park was placed on the register on June 15.
The industrial park will produce containers for consumer chemicals, energy effective and other materials, natural extracts and introduce environment friendly technologies.
A land parcel of the park of 46.4 ha is located 2.8 km far from downtown.
The park is created for the period of 50 years.
According to a posting on the ministry’s website, Kyivschyna industrial and technological park (Novi Petrivtsi, Kyiv region) is pending approval to be placed in the register under an initiative of the eponymous private joint-stock company. Its area is 150 ha. The park will process agricultural products, be involved in light industry, production of machinery and equipment. It will have logistics and servicing facilities.
WASHINGTON. June 21 (Interfax-Ukraine) – U.S. President Donald Trump has announced the results of talks with his Ukrainian counterpart Petro Poroshenko.
“We’ve had some very, very good discussions. It’s going to continue throughout the day. A lot of progress has been made, and it’s a great honor to have you, Mr. President,” Trump told Poroshenko before the press after a bilateral meeting in Washington, D.C., on Tuesday.
The White House, in turn, issued a statement on the results of the event, saying that the meeting covered the support of the peaceful settlement of the conflict in the east of Ukraine, as well as the agenda of President Poroshenko and his efforts to fight against corruption.
KYIV. June 20 (Interfax-Ukraine) – ATB Group (Dnipro), developing the eponymous retail chain in Ukraine, has finalized a deal to buy the Kopyliv logistics park of A category located in Kopyliv, Kyiv region.
“The deal to buy the Kopyliv logistics park by ATB took place,” a source on the market told Interfax-Ukraine.
The source said that the park was sold to ATB Group by Belgium’s Ghelamco Group and will be used in logistics purposes of the ATB chain.
ATB has not yet provided comments to Interfax-Ukraine.
As reported, earlier Antimonopoly Committee of Ukraine permitted ATB-torhbud (Dnipro) to buy assets of Success Invest (Kyiv) in the form of a property complex.
The committee said that the facility is located in Kopyliv, Kyiv region.
