Business news from Ukraine

SOME UAH 6.5 BLN WILL BE USED TO SUPPORT FARMERS IN 2018 – GROYSMAN

KYIV. June 8 (Interfax-Ukraine) – Some UAH 6.5 billion will be used to support agricultural producers and UAH 1 billion to compensate for the cost of agricultural machinery in 2018, Prime Minister of Ukraine Volodymyr Groysman has said.
“This year we foresaw UAH 550 million for the support of Ukrainian agricultural machinery producers because we want the machinery to be manufactured in our country to create jobs and every year increase this support in Ukraine. We believe in 2018 this support will be UAH 6.5 billion, we will spend another UAH 1 billion on agricultural machinery,” the prime minister said at the opening of the ХХІХ Agro 2017 agro-industrial exhibition.
According to him, 1% of proceeds from all agricultural production are to be reinvested in agriculture.
The premier said 40% of the country’s forex earnings fall on the agrarian sector.

CABINET APPROVES ALLOCATION OF UAH 766 MLN FOR REGIONAL INVESTMENT PROJECTS

KYIV. June 8 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine has approved a list of investment programs and regional development projects that could be implemented in 2017 at the expense of the State Regional Development Fund in the amount of UAH 766 million.
The corresponding decision was made at a government meeting on June 7.
Prime Minister of Ukraine Volodymyr Groysman noted the allocation of funds in the amount of UAH 766 million is the first stage since the fund foresees UAH 3.5 billion for the implementation of regional projects.
Later on the same day the press service of Deputy Prime Minister and Minister of Regional Development, Construction, Housing and Utilities Services Hennadiy Zubko said 111 projects worth a total of more than UAH 765.9 million have been approved.
In particular, projects in Vinnytsia, Volyn, Dnipropetrovsk, Donetsk, Zhytomyr, Zakarpattia, Zaporizhia, Ivano-Frankivsk, Poltava, Rivne, Sumy, Ternopil, Kharkiv, Kherson, Khmelnytsky, Cherkasy, Chernivtsi and Chernihiv regions will be financed.

PROMISING FOR INVESTORS IN MARIUPOL ARE METALLURGY, ENGINEERING, AGRICULTURE, TOURISM – EUROPEAN COMMISSIONER HAHN

KYIV. June 7 (Interfax-Ukraine) – European Commissioner for European Neighborhood Policy and Enlargement Negotiations Johannes Hahn believes that promising for investors in Mariupol are metallurgy, engineering, agriculture, and in the medium and long term tourism.
“First of all, we should mention metallurgy and everything related to it … production of engines. And if you look around you can see that this is a rich agricultural area, so agricultural production is another promising area. I would also not underestimate the potential of tourism in the medium and long term perspective,” he said at a briefing in Mariupol (Donetsk region).
The European Commissioner noted Mariupol has a significant number of highly qualified personnel and a good scientific base.
Deputy Prime Minister, Minister of Regional Development, Construction, Housing and Utilities Services Hennadiy Zubko noted it is important for Ukraine to offer Europe its spheres for investment.

DART AIRLINE LAUNCHES REGULAR FLIGHTS ON KYIV-BOLOGNA ROUTE

KYIV. June 7 (Interfax-Ukraine) – Dart airline from June launched regular flights on the Kyiv-Bologna (Italy) route from Kyiv Zhuliany International Airport.
According to a press release from the airport, flights will be carried out on Tuesdays and Fridays on board modern Airbus A320/319 aircraft.
Departure from Kyiv will be at 09:50, departure from Bologna at 12:35. Air tickets can be bought on the official website of the airline and the agencies selling tickets.
Dart airline has been operating as a charter air carrier since 1997. It operates Bombardier Lear Jet 60, Airbus 320 and Boeing 737-300/500 aircraft.

VOLUME OF SOLD INDUSTRIAL PRODUCTS IN UKRAINE 31.8% UP IN JAN-APRIL 2017

KYIV. June 7 (Interfax-Ukraine) – The volume of sold industrial products (goods, services) in January-April 2017 amounted to UAH 691.988 billion, which is 31.8% more than in January-April 2016.
According to the State Statistics Service, in April 2017 compared to April 2016 the volume of sold products in extracting and processing industry (turnover) grew by 20.2% (including abroad by 21.6%), in particular in mining and quarrying industry by 58.9% (by 67%), in processing industry by 14% (by 16.5%).
The largest share in total sales was that of the supply of electricity, gas, steam and conditioned air (24.6%), production of food, beverages and tobacco goods (20%), metallurgical production and production of finished metal goods (17.1%) and mining and quarrying (15%).
As reported, in 2016 the volume of sold industrial products (goods, services) stood at UAH 1.766 trillion, which is 18% more than in 2015.

UKRAINEINVEST OPENS REPRESENTATIVE OFFICE IN WESTERN UKRAINE

KYIV. June 7 (Interfax-Ukraine) – Office of attracting and supporting investment UkraineInvest opened its regional office in Ivano-Frankivsk on Tuesday, according to a press release of UkraineInvest.
The mission covers seven regions: Ivano-Frankivsk, Lviv, Zakarpattia, Chernivtsi, Ternopil, Rivne and Volyn.
The office is headed by expert on public administration Oleh Doskach, who before had been engaged in crisis management and audit of administrative and administrative activities.
Office of attracting and supporting investment of Ukraine UkraineInvest was established on October 19, 2016. The purpose of its work is to increase the volume of foreign direct investment in Ukraine through interaction with investors who seek to enter the Ukrainian market. Oksana Markarova, the government commissioner on investments, coordinates its work. The work of UkraineInvest is financed by the Western Direct Investment Fund Western NIS Enterprise Fund (WNISEF).