Business news from Ukraine

Business news from Ukraine

UKRAINE WORKING ON NATIONAL DRUG POLICY STRATEGY UNTIL 2030

The Ministry of Health continues working on the National Drug Policy Strategy and will soon submit it to the central authorities for approval, Deputy Health Minister Ihor Ivaschenko said during a press briefing in Kyiv on Monday.
“The Ministry of Health continues working on the National Drug Policy Strategy until 2030. The Strategy provides for the continuation of the actions that were in the strategy until 2020 and are aimed at reducing the demand for psychoactive substances, reducing the illicit trafficking of psychoactive substances, drugs, precursors, etc,” he said.
According to Ivaschenko, within the framework of the strategy, four strategic goals were formulated:
– promoting a healthy lifestyle, promoting public health and reducing the demand for psychoactive substances;
– reduction of illegal traffic and seizure of psychoactive substances;
– providing the population with the necessary narcotic drugs;
– development of preventive, diagnostic, medical and socio-psychological institutions to support patients with mental disorders or behavioral disorders due to the use of psychoactive substances.

,

SATER-ECOENERGO GROUP OF COMPANIES TO BUILD DOZENS OF FACILITIES FOR PROCESSING HOUSEHOLD WASTE IN UKRAINE

Sater-Ecoenergo group of companies LLC intends to build in Ukraine several dozen facilities for the processing of solid household waste with an investment volume of EUR30 million to EUR50 million in one project, Director of the company Anatoliy Storozhuk said during a roundtable entitled “Investment Law: Projects for First Billion” held on Friday.
“Our company has developed a technology for processing household waste, anchored to Ukrainian realities, and we are ready to build several dozen facilities in the country with the involvement of investors in Ukraine,” Storozhuk said.
According to him, “our investment is from EUR 30 million to EUR 50 per project, that is, it is a significant investment, and from 200 to 400 jobs.”
According to the information disclosure system of the National Securities and Stock Market Commission, the founders of Sater-Ecoenergo are Anatoliy Storozhuk (with a 20% share), Dmytro Storozhuk (20%), Oleh Arapov (30%) and Oleksandr Arapov (30%).
Sater-Ecoenergo specializes in the construction of bioenergy facilities.
The company, in particular, is the general contractor for Bio TPP Vinnitsa poultry farm with a capacity of 12 MW, which was commissioned in October 2019.

, ,

UKRAINE, GEORGIA AND MOLDOVA CREATE ASSOCIATED TRIO

Foreign Ministers of Ukraine, Georgia and Moldova, Dmytro Kuleba, David Zalkaliani and Aureliu Ciocoi, have signed a trilateral memorandum on the start of enhanced cooperation on European integration “Associated Trio.”
“The associated trio is our message that there is no alternative to European integration for our three partner countries, and there is no alternative also for Europe, because they must perceive our three countries as a serious project to ensure peace and prosperity in Europe,” Kuleba said in his statement for the media following the signing of the memorandum in Kyiv on Monday.

, , ,

AMERICAN IT COMPANY CREATES DEVELOPMENT CENTER IN UKRAINE

U.S.-based IT company CognitOps, a provider of artificial intelligence-based warehouse applications, announces raising $ 11 million within the Series A funding round.
“CognitOps, a global provider of artificial intelligence-based warehouse operating applications, announces today that it has raised $ 11 million in a Series A round of financing. FirstMark Capital led the investment round, with all of the company’s major investors participating, including Chicago Ventures, Schematic Ventures, Haystack, and CEAS Investments. Beth Ferreira, Partner at FirstMark, will join the CognitOps Board of Directors,” the report says.
“CognitOps is tapping into a clear market need and is off to an explosive start. We believe they are at an inflection point to unleash the potential of the modern distribution center by leveraging artificial intelligence and data science at scale. The supply chain disruptions of the past 18 months have highlighted the pain points in the warehouse and have emphasized the market need for new, innovative solutions. CognitOps has only just begun to revolutionize warehouse operations and we are thrilled to be partnering with the team,” Beth Ferreira, a general partner at New York City-based firm FirstMark Capital, said.
CognitOps also announced the creation of a new global headquarters in Austin, Texas and a software development center in Kyiv.

, ,

UKRAINIAN SECURITY SERVICE INTERESTED IN COOPERATION WITH U.S. ON CYBERSECURITY

The Security Service of Ukraine (SBU) is interested in cooperation with the U.S. intelligence service on a number of important issues related to national security, in particular, cybersecurity, countering hybrid warfare, combating terrorism and professional training of employees, said SBU head Ivan Bakanov.

According to him, cooperation with the United States provides Ukraine with more opportunities to build an effective national security system.

“Partnership with the United States allows us to more effectively defend our state. And this is very important when Ukraine is confronted by such a powerful enemy as Russia. And the presence of this threat requires us to act in a systematic and effective manner,” Bakanov was quoted as saying during a meeting with representatives of American Foreign Policy Council (AFPC), the SBU press service said on Monday.

Bakanov noted that the National Security Strategy defines only the Euro-Atlantic vector for Ukraine. And, in his opinion, such a partnership should be expanded today.

“Ukraine seeks to obtain the status of the main U.S. ally outside NATO, and in the future – membership in the Alliance. According to the head of the SBU, this will contribute not only to military cooperation, but also to effectively protect Ukraine from Russian aggression and the de-occupation of Donbas and Crimea,” the SBU said.

They note that during the meeting, the head of the SBU outlined areas of cooperation with the United States, in which the Ukrainian special service is especially interested, among which, in particular, cyber security, countering hybrid war, the fight against terrorism and professional training of employees.

“In addition, the head of the Security Service called on AFPC to facilitate Ukraine’s joining the U.S. President’s Cyber Flag initiative for the collective protection of states in cyberspace,” the SBU said.

The SBU clarifies that the American side at the meeting was represented by President of the American Foreign Policy Council Herman Pirchner, the U.S. Ambassador to the OSCE in 2019-2021 James Gilmore, former U.S. Deputy Permanent Representative to the UN John Lerner, Director of the Center for U.S.-Ukraine Relations in Washington Mykola Gritskovyan, Senior Fellow at AFPC and former Deputy Assistant to the President and Chief of Staff of the U.S. National Security Council at the White House, Alexander Gray.

The SBU also reminds that the American Foreign Policy Council was created in 1982 with headquarters in Washington. It is a non-profit public organization serving as a think tank for the U.S. Congress. Among international issues, AFPC thoroughly investigates changes in the countries of the post-Soviet space, the Eurasian continent as a whole, and makes recommendations to members of the U.S. Congress.

120 UKRAINIAN CITIZENS WANT TO LEAVE GAZA STRIP

Some 120 Ukrainians have expressed desire to leave the Gaza Strip, the Ministry of Foreign Affairs of Ukraine is in contact with them, said spokesperson of the Ministry of Foreign Affairs of Ukraine Oleh Nikolenko.
“The Ministry of Foreign Affairs is in contact with the Ukrainians who have expressed desire to leave the Gaza Strip. There are now 120 of them,” he told Interfax-Ukraine on Saturday. According to him, the embassies in Israel and Egypt, as well as the representative office at the Palestinian National Authority, are now working out possible routes of repatriation.
“We keep this situation under special control,” he said.

,