The South Korean company Caris plans to build a plant in Ukraine for manufacturing of road safety fences from recycled plastic worth more than $60 million, considering the Stryi district of Lviv region as a site, according to the website of the city council of Stryi.
According to the press service, Mayor of Stryi Oleh Kanivets last week signed a memorandum with Caris CEO Yu Cheol during his business trip to Kyiv.
“The company plans to build factories in Ukraine for the production of plastic road safety fences. We are ready to create about 900 jobs. Stryi territorial community is interesting for its convenient logistics location and proximity to the European market,” the press service said.
In turn, the press service of the Ministry of Economy also announced the plans of Caris to build a $60 million plant in Ukraine for the production of road safety fences.
According to the report, on June 11, Deputy Economy Minister Iryna Novikova met with Yu Cheol.
“There is a hope that the project will be able to take advantage of new government support for projects with substantial investment, since it provides for $60 million in investments and the creation of new jobs. Investment projects that take into account environmental issues are important for us,” Novikova said.
The press service of the Ukrainian Chamber of Commerce and Industry also reported about its support of this project.
“We will accompany this project, and we will use all the possibilities of the Chamber of Commerce and Industry so that the investor does not regret any dollar invested in Ukraine,” the press service said, citing President of the Chamber of Commerce and Industry Hennadiy Chyzhykov.
According to the Chamber of Commerce and Industry, the representative office of Caris in Ukraine is headed by ex-head of the State Finance Institution for Innovations (SFII) Volodymyr Stavniuk.
In January 2020, the Korean company announced on its website that it had signed an agreement with SFII for the construction of a plant for the production of plastic fences in Ukraine. In particular, the agreement provided for the creation of a PVC production and technology joint venture. Investments in the construction of the plant were projected in the amount of $100 million.
According to the public register, in December 2019, Caris Ukraine LLC was registered in Ukraine, 51% of which is owned by Yu Cheol through Caris, another 49% is owned by Vladlen Levchuk through Socrat Development LLC.
As of June 14, according to the incidence rates of COVID-19, Ukraine entered the “green” zone according to the EU criteria, the Coronavirus-info Telegram channel reported.
According to the report, the country has reached the lowest incidence rates in the last year, in particular, an indicator of 74.71 cases of COVID-19 per 100,000 population was recorded, with the EU criterion of 75 cases per 100,000 population.
As reported, last week all regions of Ukraine entered the “green” epidemic zone of COVID-19 in accordance with the requirements of Ukrainian legislation.
Pope Francis I has appointed Visvaldas Kulbokas as apostolic nuncio to Ukraine.
According to the Apostolic Nunciature in Ukraine, Pope thus advanced Kulbokas to the rank of archbishop.
Visvaldas Kulbokas was born in Klaipeda (Lithuania) on May 14, 1974. He entered the diplomatic service of the Holy See in 2004 and has served in the Pontifical Missions in Lebanon, the Netherlands, Russia and in the State Relations Section of the State Secretariat. Since 2020 he has been working at the Apostolic Nunciature in Kenya.
He has a command of English, Spanish, Italian, Russian and French. From 2015 to June 2020, Archbishop Claudio Gugerotti was the Apostolic Nuncio in Ukraine. On July 4, Pope Francis appointed him as Apostolic Nuncio to Great Britain.
Ukraine International Airlines (UIA, Kyiv) has decided to terminate its branch in the Russian Federation, located in Moscow.
According to the airline’s message in the information disclosure system of the National Securities and Stock Market Commission, this decision was made by the Supervisory Board in connection with the reduction of the staff of UIA and the reduction in costs for representative offices.
As reported, in September 2020, UIA ceased operations of its divisions in Turkmenistan, Uzbekistan and Belarus, and in October – in Switzerland, Spain, Italy, Germany and Austria.
In June this year, UIA decided to close its representative office in China.
President of Ukraine Volodymyr Zelensky believes that the state stakes of PJSC Centrenergo and PJSC Odesa Port-Side Chemical Plant are ready for sale at privatization tenders.
“I believe that the privatization of Centrenergo is important. Today we have cleared the company of many influential groups and Centrenergo is open [for privatization] … So is Odesa Port-Side Plant. I believe that it is ready for today,” he said, when speaking with journalists at the all-Ukrainian forum Ukraine 30. Economy without Oligarchs.
Zelensky noted that when selling large enterprises, it is not so much a one-time receipt of the maximum possible funds that is important, but the obligation of potential investors to invest in the modernization of companies with the subsequent stable receipt of taxes from their economic activities.
“It is important not how much the state will receive at once, but how much later – from taxes every month, every year. Business is not about buy and sell, this is not about mediation, business is a constant investment of money in technologies, in ideas,” the head of state explained.
As reported, in early June, the Supreme Court satisfied the claim of Odesa Port-Side Plant and the State Property Fund of Ukraine (SPF) and denied Ostchem Holding Limited of Dmytro Firtash in the execution of the decision of the Stockholm Arbitration Court to recover over $ 300 million from Odesa Port-Side Plant for gas supplies.
According to Head of the SPF Dmytro Sennychenko, this is a very important decision for the transparent privatization of the plant, since now any potential buyer can be sure that creditors will not be able to challenge his ownership of the plant.
CENTRENERGO, PORT-SIDE PLANT, PRESIDENT ZELENSKY, PRIVATIZATION
JSC Ukrzaliznytsia assessed the management personnel and decided to reduce the staff of the company’s management staff by 30%, the press service of Ukrzaliznytsia reported with reference to acting head of the board of Ukrzaliznytsia Ivan Yuryk on Monday.
According to him, by now the supervisory board of the company has already agreed on a new structure of the company’s central office, the reduction of one third of employees will take place within the framework of its reform: it should correspond to the strategy, tasks and scope of work.
“There was a lot of talk about optimization of the Ukrzaliznytsia staff, it’s time to move on to action. We should put things in order as soon as possible in the structure of the company’s management apparatus, eliminate duplication of positions and clearly distribute the functionality between departments. This will allow us to make and implement management decisions much faster, efficiently and effectively. Now it is necessary to reduce 30% of the staff positions of the management apparatus of the company, which employs more than 2,400 people,” the press service quotes Yuryk.
At the same time, Ukrzaliznytsia says that the reduction will not apply to employees of regional branches of the company and employees of labor occupations.
According to Yuryk, the dismissal of workers will take place in compliance with the labor legislation and in agreement with the trade union, for this the company has developed a certain algorithm of actions.
“Employees whose positions are subject to reduction will be promptly warned about this, with an offer of another job. Upon dismissal, they will receive all proper payments and severance pay in the amount of not less than the average monthly salary,” the head of the company said.
