KYIV. May 16 (Interfax-Ukraine) – Verkhovna Rada of Ukraine deputy Serhiy Taruta is sure of the necessity to preserve the ship building potential of Mykolaiv and criticized the recommendation of Mykolaiv’s mayor to tear down the building housing the state enterprise Shipyard named after 61 Communards, the Osnova Party press service has said.
“It’s important to create a good business climate in order for real investors to come. But without the assistance of the authorities this will not happen. City managers probably think that it’s easier to tear down a shipbuilding factory than to build a trade pavilion in its place. It is easier than to look for possibilities for preserving the highly technological infrastructure,” Taruta said during the party’s tour in Mykolaiv.
“This approach has no future. This is why the city needs a managerial approach, a strategic and an industry specific investor. I use all these possibilities in order to solve problems,” he said.
Osnova Party head Andriy Nikolayenko said, “Mykolaiv is a very strong region with a good technical school. It needs a serious investment stimulus. A reshuffle of municipal chiefs would help.”
Taruta emphasized the importance of taking measured and intelligent decisions by city authorities, especially now, because the production infrastructure of the city is being replaced by provision of port services.
KYIV. May 16 (Interfax-Ukraine) – The Chinese telecommunications company Xinwei Group plans by 2018 to install 2,300 base stations providing high-speed Internet coverage throughout Ukraine.
“Xinwei has installed 150 base stations providing high-speed Internet coverage in Kyiv region since 2016. The company plans by 2018 to install another 2,300 base stations throughout Ukraine,” First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv wrote on his Facebook page.
According to the website of Xinwei Group in Ukraine, the company together with the Ukrainian telecommunications operator Prosat is implementing a project to create a network of mobile broadband multimedia communications of national scale.
As reported, in September 2014 PJSC Datagroup agreed with Xinwei Corporation on attracting investments in the development of projects in the field of telecommunications and high technologies, including 4G standard use.
The international Chinese company Xinwei Group is one of the world’s leaders in the field of communications. The company’s technologies are used in the field of security, aerospace communications, oil production, electricity, water management, transport and others.
The Kyiv office of Xinwei was opened in 2014.
KYIV. May 16 (Interfax-Ukraine) – China’s Skyrizon and Ukraine’s Motor Sich are planning to build a plant in Chongqing (the central part of China) at which they will produce and service aircraft engines under Ukrainian technologies, First Deputy Prime Minister of Ukraine Stepan Kubiv has said.
“The company plans to invest $250 million in upgrading the Ukrainian production and design facilities of Motor Sich,” he wrote on his Facebook page following a visit to China.
PJSC Motor Sich is one of the world’s largest manufacturers of aircraft engines, as well as industrial gas turbines. It delivers products to more than 100 countries.
In January-March 2017 the consolidated net profit of Motor Sich, in accordance with IFRS, amounted to UAH 1.457 billion, which is 4.8 times more than in the same period in 2016 (UAH 304.67 million), net income grew by 63.4%, to UAH 3.431 billion.
KYIV. May 16 (Interfax-Ukraine) – Ukraine and Israel want to extend bilateral economic cooperation and are working on signing the Free Trade Area (FTA) Agreement by the end of this year, Ukrainian and Israeli prime ministers, Volodymyr Groysman and Benjamin Netanyahu, said.
“I am glad that the general trade in commodities has been growing over the past few months, we are working together to create a free trade area between the countries,” the press service of the Cabinet of Ministers of Ukraine quoted Groysman as saying after a meeting with the Israeli prime minister.
Groysman said he hoped the relevant negotiations will finish by the end of 2017.
In addition, the Ukrainian prime minister called on the Israeli counterpart to consider additionally the possibility of liberalizing access to the Israeli market for agricultural products, especially cereals, dairy products, fish, meat, honey, vegetable oil, vegetables and industrial products.
In turn, Netanyahu stressed that Israel is interested in speeding up the talks on the establishment of the FTA with Ukraine. “We want to speed up the negotiations on the signing of an agreement on a free trade area, develop commerce, trade, tourism, economic exchanges between our countries,” the Cabinet’s press service quoted Netanyahu as saying.
Groysman also reported on the steps taken by the government to improve the investment climate in Ukraine and urged Israeli companies to invest in Ukraine. He invited representatives of the Israeli business to take part in the privatization of state-owned companies in Ukraine.
Earlier, Ukrainian President Petro Poroshenko in a telephone conversation with the prime minister of Israel also expressed the hope the negotiations on concluding the FTA agreement will be completed by end of 2017.
KYIV. May 16 (Interfax-Ukraine) – Prime Minister of Ukraine Volodymyr Groysman has urged Israeli businessmen to invest in the Ukrainian economy.
According to the press service of the Cabinet of Ministers of Ukraine, Groysman held a meeting with representatives of Israeli business during his official visit to Israel.
“We are very interested in investing in Ukraine. But I also do not need investments that will not be successful. We need successful investments,” the prime minister said.
According to Groysman, Ukraine is working to improve the business environment and stimulate the inflow of investments: the UkraineInvest office to attract and support investments, the National Committee for Industrial Development and the Office for Exports Promotion have been created.
“Business representatives noted that during the past year they felt that the situation in Ukraine began changing for the better,” the report says.
The premier said the government of Ukraine and he personally are ready to do everything to make investments in the country successful.
