KYIV. Jan 3 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine intends until the end of 2017 to ensure the creation of 25 regional development agencies the mission of which involves assistance to local authorities in the implementation of programs and projects of regional development and improvement of investment attractiveness.
The relevant data is contained in the draft of medium term plan of priority actions of the government until 2020.
In addition, the Cabinet plans to improve the system of regional investment projects financed by the State Fund for Regional Development.
According to the government, the current system does not provide a guaranteed stable funding for the duration of projects implementation, giving rise to incomplete construction projects and does not allow achieve the desired effect.
In addition, the Cabinet notes the need to ensure the transition from financing of projects aimed at solving current local problems to projects that merely create workplaces, innovative products and those improving standards of living.
The government also intends to provide regions with access to European funding instruments of regional development, including cross-border cooperation. For example, in 2017 the Cabinet plans to develop an international agreement on Ukraine’s participation in the Danube Transnational Program as earlier the European Commission decided to allocate EUR 5 million for Ukraine to participate in this program.
KYIV. Jan 3 (Interfax-Ukraine) – Kyivstar, the leading Ukrainian mobile operator, intends in early 2017 with the help of its subsidiary StarMoney LLC to launch the first set of financial services, in particular, public transfers and payments to third parties.
The press service of the company told the agency, bank issuing electronic money in the project will be state-controlled Ukrgasbank and Pravex-Bank controlled by Italia’s Intesa Sanpaolo, selected at a tender. Currently, the company is conducting a tender to select one of payment systems.
“The project to provide Kyivstar subscribers with mobile financial services consists of several blocks. One of them is currently undergoing pilot testing, while its commercial launch is scheduled for early 2017,” the press service said.
As reported, StarMoney LLC in June received a license from the National Bank of Ukraine for money transfers in the national currency.
KYIV. Jan 3 (Interfax-Ukraine) – Ukraine’s government has ordered the privatization of 68.0095% in PJSC Zaporizhia Aluminium Plant (ZAlK), 75.224% of PJSC Turboatom and 99.999% of OJSC Oriana, according to corresponding resolution No. 1057 dated November 28 posted on the government’s website.
This document approves the plan of placement of the shares in these companies, providing for the sale of these packages at tenders with open bidding on the principle of auction until November 30, 2017.
In addition, the list of objects for privatization includes 22.555% in gas supply and gasification company PJSC Korostyshivgaz, 50.005% of OJSC Osnaschennia, 57.389% of PJSC Lviv plant Avtonavantazhuvach, 25.998% of Avtolyvmash, and 30.979% of PJSC Kamyanets-Podilsksilmash.
The government also extended the terms of auctioning a 99.995% stake in Sumykhimprom and 99.5% of Ivano-Frankivsk Locomotive Repair Plant until November 30, 2017.
KYIV. Jan 3 (Interfax-Ukraine) – Ukrainian Prime Minister Volodymyr Groysman predicts a 25% growth in revenues of local budgets in 2017.
“We have almost an annual rise of 50% in revenues of local budgets … We foresee another growth of 25% next year,” Groysman said on the air of the Espreso TV Channel.
According to the premier, simultaneously with the increase in revenues, the responsibility of local authorities will grow and decentralization in regions depends on their efficiency.
Groysman believes the public should also monitor the use of funds from local budgets to avoid corruption.
KYIV. Jan 3 (Interfax-Ukraine) – Ukraine in 2016 increased transit of natural gas through its gas transportation system (GTS) by 22.5% (15.121 billion cubic meters) compared with 2015, to 82.2 billion cubic meters, according to live data from PJSC Ukrtransgaz.
In December 2016 gas transit increased by 24.5% (1.659 billion cubic meters) compared to the same month in 2015, to 8.421 billion cubic meters. In particular transit of gas through Ukraine to Europe last month amounted to 8.035 billion cubic meters, to Moldova 386.1 million cubic meters.
Total volume of Russian gas transit through the Ukrainian gas transportation system in 2016 was the highest in the last three years.
Ukrtransgaz, 100% owned by Naftogaz Ukrainy, operates a system of trunk gas pipelines and 12 underground gas storage facilities in the country.
KYIV. Dec 30 (Interfax-Ukraine) – Ukrainian state-run postal enterprise Ukrposhta seeks to boost capital investment by 2.4 times in 2017 from UAH 206 million in 2016 to UAH 500 million in 2017.
“We have managed to balance large growth of financial needs of the company in the approved financial plan thanks to search for resources to increase effectiveness and quick growth of the enterprise. The important part of the plan is a possibility of financing capital investment of UAH 500 million,” the press service of Ukrposhta said, citing Director General Ihor Smeliansky.
He said that growth of capital investment is to create a multiplying effect on the development of the company in coming years and help to return the market share to Ukrposhta and increase the quality of its services.
The fund will be spent on repair or re-equipment of departments and truck fleet.
