KYIV. Dec 20 (Interfax-Ukraine) – President of Ukraine Petro Poroshenko reckons upon further development of economic cooperation between Ukraine and Saudi Arabia, in particular in the aircraft industry.
“Another feature of the creation of the AN-132D aircraft is that it is truly an international project, and I sincerely thank our partners and customers from the Kingdom of Saudi Arabia for full participation in its implementation. I am confident that our project will be the first of many joint business projects between our countries,” he said during a solemn ceremony marking the creation of the AN-132D aircraft in Kyiv on Tuesday.
The Ukrainian president noted that cooperation between Ukraine and Saudi Arabia has a great potential.
According to him, Canada, the U.S., Great Britain, Germany, France and other countries assisted in the creation of the AN-132D aircraft.
KYIV. Dec 20 (Interfax-Ukraine) – Ukraine has agreed with the European Investment Bank (EIB) on raising a loan of EUR 30 million for the project “Higher Education. Energy Efficiency and Sustainable Development.”
The relevant agreement was signed in Brussels on Monday, the Ukrainian Economic Development and Trade Ministry of Ukraine wrote on Twitter.
Ukrainian Deputy Minister of Education and Science Roman Hreba said earlier they already identified seven universities that will participate in the first stage of the project and soon will announce a tender to choose universities for the project’s second stage.
The project is designed for five years.
KYIV. Dec 20 (Interfax-Ukraine) – The European Investment Bank (EIB) has agreed on financing for the projects of Ukrainian grain market operators to expand and modernize their logistics infrastructure.
According to the bank’s website, the board of directors made the decision on December 14 this year.
It is expected that the project will eliminate the existing bottlenecks associated with grain transportation and storage, reduce the cost of transportation by road, as well as increase the annual volume of agricultural products exports, the EIB said.
The bank did not indicate the amount of funds provided for these projects.
KYIV. Dec 20 (Interfax-Ukraine) – Ukraine and the European Union (EU) have signed agreements to finance four border cooperation programs in the amount of EUR 365 million.
“On December 19, 2016, a signing ceremony was held in Brussels. The Ukrainian government and the European Commission signed agreements on financing joint operation border cooperation programs for 2014-2020: “Ukraine-Romania,” “Ukraine-Hungary-Slovakia-Romania,” “Ukraine-Poland-Belarus” and “Black Sea Basin” under the European Neighbourhood Policy (ENP) tool,” the press service of the Economic Development and Trade Ministry has reported.
First Deputy Prime Minister of Ukraine, Economic Development and Trade Minister Stepan Kybiv and Director for Neighbourhood East in the Directorate-General for Neighbourhood and Enlargement Negotiations (DG NEAR) Lawrence Meredith signed the agreements.
The total budget provided by the EU to finance four programs would be over EUR 365 million.
The implementation of the programs would help to realize joint projects with program member countries in the following spheres: improvement of infrastructure of border districts, solving of general problems in the security and order area, support of border management and border safety, migration management, environment protection over climate changes and disasters and use of alternative energy.
The programs envisage support of business, development of small and medium-sized enterprises (SME), support of education, research, innovations, development of local culture and historic heritage preservation.
The implementation of the border cooperation programs would help to carry out effective and mutually beneficial cooperation of the Ukrainian border districts and partner countries via the realization of joint projects, exchange of experience and best practices with the partner countries in various spheres, attract additional resources for sustainable development and increase competitiveness of Ukrainian border districts.
KYIV. Dec 19 (Interfax-Ukraine) – The Hungarian low-cost airline Wizz Air will expand its fleet in Kyiv, the second plane will be acquired in August 2017.
According to company communications director Tamara Valua, the company from August will also launch flights from Kyiv to Copenhagen and Nuremberg.
In addition, from August the airline will increase the frequency of flights to Budapest (to daily), Dortmund, Munich and Bratislava (to four per week) and to Cologne and Hamburg (to three per week).
KYIV. Dec 19 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) will issue a credit of up to $3.8 million to Ukrainian pharmaceutical manufacturer Ecofarm (Ecopharm) to complete the construction of production facilities according to GMP standards in Slavuta and procurement of appropriate equipment, the EBRD press service has said.
The loan will be granted for seven years in the framework of the EBRD direct financing program aimed at providing local small and medium enterprises with easier access to long-term financing, the report says.
The project also foresees investment support in the framework of the EU4Business program, which will help Ecofarm in its implementation.
Ecofarm is a Ukrainian pharmaceutical company, founded in 1998. It specializes in production of plant antiviral drugs.
According to information in the state register, the ultimate beneficial owner of the company through Valora Financial Services (the British Virgin Islands) is citizen of Switzerland Ruslan Novik.
