KYIV. June 7 (Interfax-Ukraine) – During Ukrainian Foreign Minister Pavlo Klimkin’s visit to Thailand he met with his counterpart Don Pramudwinai, the two officials signed a trade pact and a legal assistance agreement, Ukraine’s Foreign Affairs Ministry has reported.
During the meeting, the sides expressed interest in activating bilateral ties and exchanged views on a wide variety of international and regional issues.
“The sides agreed upon a schedule for political contacts in the near turn and agreed to conduct a second round of political consultations on the level of deputy foreign ministers, as well as to hold a meeting of an intergovernmental joint commission for bilateral cooperation,” the FM’s press release said.
During the talks the sides agreed to deepen cooperation within the framework of international organizations as well as long-term cooperation, first and foremost, in trade and economic bilateral relations.
Following the talks the sides signed an agreement between Ukraine and the Kingdom of Thailand on mutual legal assistance in criminal cases and a trade agreement. The agreements will significantly facilitate bilateral contacts between law-enforcement agencies and business between the countries.
“Implementation of corresponding measures of intergovernmental agreement on mutual legal assistance in criminal cases will significantly improve the level of coordination between law-enforcement agencies in the investigation of criminal offenses committed in Thailand and Ukraine,” Ukraine’s Foreign Ministry said.
The trade agreement with Thailand, which is Ukraine’s main trading partner in southeastern Asia, opens additional possibilities for mutually beneficial, pragmatic cooperation between the two countries in the economic and investment sectors of both countries. Trade turnover between Ukraine and Thailand in 2016 totaled $600 million, with a positive balance of $255 million in Ukraine’s favor.
Aimed at developing contacts between businessmen, the creation of joint enterprises and representative commercial offices in both countries, the intergovernmental trade agreement provides for the launch of a joint commission on trade issues chaired by Ukraine’s Minister of Economic Development and Trade and Thailand’s Commerce Minister. The commission will study opportunities for broadening and diversifying bilateral trade and economic relations.
U.S. President Donald Trump congratulated the American Chamber of Commerce in Ukraine on its 25th Anniversary.
In the letter sent to the Chamber, President Trump stressed the importance of relationship between the United States and Ukraine and pointed out that the two countries stand together as partners in Ukraine’s efforts to strengthen democratic governance, root out corruption, and attract foreign investment.
“I recognize the dedication of all who have made the American Chamber of Commerce in Ukraine such a success. Thank you for your role in promoting our shared vision of a free, peaceful, and prosperous Ukraine,” Donald J. Trump wrote.
For a quarter of a century, the American Chamber of Commerce in Ukraine drives actionable dialogue between business and Government, creates opportunities for business to business partnerships and promotes Ukraine internationally as an attractive investment destination.
“Your hard work strengthens our countries’ economic partnership and directly contributes to the prosperity of both the United States and Ukraine,” President Trump highlighted.
“The American Chamber of Commerce in Ukraine for 25 years has been the voice of business represents the leading investors in Ukraine. We are very grateful to the President Trump for his appreciation of our activities. We will continue working to improve the business climate and attract foreign investment,” commented Andy Hunder, President of the American Chamber of Commerce in Ukraine.
The full text of congratulations is available here: http://www.chamber.ua/Media/News/7367
The Interfax-Ukraine News Agency is a long-term partner of the American Chamber of Commerce in Ukraine.
KYIV. June 6 (Interfax-Ukraine) – DTEK energy holding intends to build the first solar power plant with a capacity of 10 MW in Kherson this year, DTEK’s press service has reported.
“Due to the long duration of land acquisition for building energy facilities, the company decided to purchase a ready-made solar power plant project. The partner is the French engineering company Beten Ingenierie SAS … A suitable project for building a solar power plant in the village of Tryfonivka in Kherson region was selected in Beten’s portfolio,” the press service said.
The plant will have solar modules produced by the Chinese company JA Solar and inverters made by ABB in Italy. The forecasted electricity supply will amount to 11-12 million kWh annually.
As reported, DTEK previously bought Tryfonivka Energy LLC (Kherson region).
DTEK is considering the possibility of building up to 1 GW of “green” generation capacity in the next five years.
DUSSELDORF. June 6 (Interfax-Ukraine) – Metinvest, the largest Ukrainian mining and metallurgical holding, in 2016 ranked 37th in the list of the world’s largest steel producers with a volume of 10.34 million tonnes compared to the 40th place in 2015 with a volume of 9.65 million tonnes of steel and the 33rd place in 2014 with a volume of production of 11.18 million tonnes of steel.
According to the World Steel Association (Worldsteel), the largest steel company last year was ArcelorMittal with a production volume of 95.45 million tonnes. It is followed by China Baowu Group, a new company that appeared in December 2016 as a result of the merger of Baosteel Group and Wuhan Group, with 63.81 million tonnes, HBIS Group (formerly Hesteel Group) with 46.18 million tonnes (it includes a steel mill in Serbia acquired in June 2016), NSSMC with 46.16 million tonnes (the figure does not include production at Nisshin Steel, which became part of the group in March 2017), and POSCO with 41.56 million tonnes.
The list of the 50 largest world steel producers for 2016, as well as for 2015 and 2014, does not include Ukrainian companies except for Metinvest. The Industrial Union of Donbas (ISD), which ranked 44th in 2013 with 7.9 million tonnes, fell out of the list of leaders in 2014, 2015 and 2016.
KYIV. June 6 (Interfax-Ukraine) – Fujikura Automotive Ukraine Lviv LLC, controlled by the Japanese manufacturer of electrical equipment and telecommunications systems Fujikura, plans to open two additional plants in Ukraine with an area of 10,000 square meters in Vinnytsia and Cherkasy for 1,500 new jobs each, First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said.
“Fujikura says it assessed the prospects of work in Ukraine and decided that there are wonderful specialists, opportunities and conditions here,” he wrote on his Facebook page following a meeting of the Ukrainian committee of economic cooperation with the Japan Business Federation Keidanren.
Kubiv added Fujikura Automotive Ukraine Lviv also plans to expand the work of two major enterprises in Lviv region and increase the number of employees from 2,000 to 3,000.
Fujikura was founded in Japan in 1885 and gradually expanded to an international corporation engaged in innovative technologies. The turnover of the company exceeds EUR5 billion per year. The company’s representative offices operate in the United States, Singapore, Malaysia, Great Britain, Vietnam, and India. Its staff exceeds 50,000 employees worldwide.
LVIV. June 6 (Interfax-Ukraine) – The tender commission for selecting investors to construct incineration plants in Lviv region has recognized as winners all three companies that participated in the second round of the tender.
The commission announced this decision at a meeting on May 31.
Thus, Investment and Environmental Company, Glasswork Technology LLC and Waste Management Systems LLC got the right to implement their projects.
At the same time, the commission chairman, the deputy head of Lviv Regional State Administration, Iryna Hrymak, told reporters the winners will offer several more land plots where incineration plants could be built.
“We have a number of sites in Mykolaiv, Sokal, Yavoriv, Drohobych and Mostyska districts. There will be more plots for the communities to get a chance to host investors,” she said.
