The founder of Alibaba Group Jack Ma has said at the Kyiv International Economic Forum that he fell for Ukraine a long time ago and sees a large potential for development.
“Such a wonderful combination like this cannot fail,” he said at the forum, noting the fertile land, open and ready for change people, beautiful women and rich history among Ukraine’s advantages.
The founder of Alibaba said that there are few countries in the world where the president is a trifle over forty, the prime minister is thirtysomething, and some ministers are 28, and this is positive.
Ma said that he would invite his business partners to visit Ukraine.
In his opinion, Ukrainian-Chinese relations should be actively developing.
He also called for changing the situation when AliExpress products go to Ukraine from four to seven days “like in the last century.”
During his visit to Ukraine, Ma met with the president, visited a number of universities and will also be on a visit to the UNIT.City innovation park.
Commodity pattern of Ukrainian export in Jan-Aug, 2019
The largest global software maker Microsoft Corp. expects growth in income from sale of cloud technologies in Ukraine by 50% every year in the coming two years, Director of Microsoft Ukraine LLC Jan Peter De Jong said during the press breakfast in Kyiv on Thursday.
At the same time, he said that as part of the global digital transformation in the company at the global level, the development and implementation of customer access to cloud services are becoming a priority in Ukraine.
De Jong said that this is about all the cloud services of Microsoft Office 365, Microsoft Azure and Microsoft Dynamics.
“Digital transformation allows rethinking the ways people, data and processes interact. A digital transformation strategy that focuses on these three main components will make your company more effective for customers and gain a competitive advantage in a digital-oriented world,” he said.
The world’s largest software maker Microsoft Corp. increased its net profit in the first quarter of FY2020 by 21%, including thanks to the cloud business.
Ukraine’s Interpipe had to initiate the launch of the antidumping investigation by Ukraine regarding imports of steel seamless hot finished pipes from China, as the imports of Chinese pipes in 2018 doubled, and their share of total imports grew to 50-55%.
“We felt threatened by Chinese imports. According to statistics, in 2018, Chinese imports in absolute terms doubled, to about 35,000 tonnes, while in 2016-2017, it amounted to 15,000-16,000 tonnes,” Head of the Trade Investigation Department of the Interpipe group Hlib Brydnia said at the Trade Wars: Art of Protection conference in Kyiv on Thursday.
According to him, the share of Chinese imports of the domestic market also increased significantly.
“Since the state-owned company Ukrgazvydobuvannia somewhat slowed down the pace of drilling, the need for seamless pipes decreased, and this led to a significant decrease in the domestic pipe market. Moreover, the share of pipes from China of total imports grew significantly, according to our estimates, to 50-55%. Therefore, we initiated an investigation,” Brydnia said.
He also said that in case of restrictions on the supply of Chinese pipes to Ukraine, a shortage of this product will not occur.
“We produce all types of pipes for which we initiated the investigation, and we are ready to satisfy all the demand for these products. In addition, consumers can purchase imported products from other countries,” the representative of Interpipe said, adding that Chinese pipes do not always correspond to international standards and there are problems with their quality.
The European Bank for Reconstruction and Development (EBRD) plans to provide Kormotech LLC (Lviv region), a large Ukrainian producer of pet food, with a loan in the amount of EUR 10 million.
According to the EBRD, the loan could be issued to Kormotech for the construction of a pet food plant in Lithuania and the expansion of feed production facilities in Ukraine.
The bank said it would support the first cross-border investment of the Ukrainian company, consisting of the construction of a new production facility in Lithuania.
According to the EBRD, Kormotech is one of the three largest producers of pet food in Ukraine.
The EBRD could approve the decision on the loan on December 11, 2019.
As reported, Kormotech launched the construction of a feed plant in Lithuania in 2018 and plans to launch it in 2019. The planned capacity is 5,000 tonnes of wet feed per year.
Kormotech exports products to over 20 countries, including France, Estonia, the Netherlands, Slovenia, and Poland. The company’s facilities include two plants for the production of dry and wet feed in Lviv region. The company produces goods for cats and dogs under its own brands Optimeal, Club 4 Paws.
The ultimate beneficiaries of Kormotech are Olena and Rostyslav Vovk.
Motor Sich airline cancels most flights from Kyiv to Odesa and Lviv, focusing on flights from Zaporizhia to Kyiv and Minsk (Belarus).
According to the airline’s Facebook page, flights to Kyiv will be operated twice a day, to Minsk four times a week.
The airline said flights from Kyiv to Odesa and Lviv were canceled from November 9 to December 20. At the same time, the number of flights from Zaporizhia to Kyiv and Minsk doubles.
Motor Sich airline is a structural subdivision of PJSC Motor Sich (Zaporizhia), an enterprise developing, manufacturing, repairing and servicing aircraft gas turbine engines for airplanes and helicopters, as well as industrial gas turbine units.
Currently, the airline operates a fleet of nine aircraft, carrying out regular passenger international and domestic flights, passenger and cargo charter flights, as well as special flights that support the operations of the main company.
The airline’s base airport is Zaporizhia International Airport.
AIRLINE, KYIV, LVIV, MOTOR SICH, ODESA
