KYIV. Oct 26 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine has approved a draft agreement with the government of the United Arab Emirates on cooperation in the cultural sphere.
The corresponding decision was made at a government meeting on Wednesday, an Interfax-Ukraine correspondent reported.
The Cabinet authorized Ukraine’s Culture Minister Yevhen Nischuk to sign this agreement.
The agreement provides for the promotion of cultural exchanges between countries for the popularization of national culture.
The agreement is planned to be concluded for a period of five years with automatic extension for subsequent five-year periods in the absence of objections from the parties.
KYIV. Oct 26 (Interfax-Ukraine) – State-owned enterprise Energoatom and Japan’s Toshiba Energy Systems & Solutions Corporation have signed a memorandum of understanding in the nuclear power industry with a view to developing cooperation on upgrading turbo generator equipment at Ukraine’s nuclear power plants (NPP).
According to the press service, the document on cooperation in the issues of increasing the capacity, efficiency and safety of NPP power units through modernization of turbine equipment was signed by Energoatom President Yuriy Nedashkovsky and Vice President of Toshiba ESSC Goro Yanase in Kyiv on October 25.
“We are convinced that our joint work will not only help increase the capacity of turbine generators at Ukrainian NPPs, but will also give an additional impetus to the development of domestic technologies for nuclear power plants,” the Energoatom head said.
“We are confident that the establishment of mutually beneficial relations between our companies will enable Energoatom to achieve modernization of nuclear power plants, increase capacity and stable electricity supplies, and Toshiba to expand its business of supplying nuclear equipment to Ukrainian nuclear power units and contribute to the achievement of Energoatom’s goals,” the Japanese expert said.
KYIV. Oct 25 (Interfax-Ukraine) – South Korean Posco Daewoo Corporation has expressed its interest in building a grain complex at the Chornomorsk seaport (Odesa region), the press service of the Ukrainian Sea Port Authority.
A delegation of Posco Daewoo visited the Chornomorsk port on October 23, 2017.
“The Korean delegation was especially interested in the possibility of developing a second terminal using berths Nos. 7, 8 and 9. Representatives of Posco Daewoo Corporation are interested in cooperation and consider this territory as promising for the construction of a complex for transshipment of grain cargo and processed products,” the authority said.
The authority recalled that the development program of the Chornomorsk seaport provides for the development of the facilities of the second terminal. Currently, the Ministry of Infrastructure of Ukraine is looking for a potential investor.
KYIV. Oct 25 (Interfax-Ukraine) – The space agencies of Ukraine and Canada are planning to secure their partnership plans in the world space market by signing a bilateral memorandum of understanding in cooperation in the field of exploration and use of outer space for peaceful purposes, a well-informed source in the space sector has told Interfax-Ukraine.
According to the source, the document is to be signed as part of Ukrainian Prime Minister Volodymyr Groysman’s visit to Canada, which is scheduled for late October.
“The Ukrainian and Canadian sides have already completed the drafting and approval of the document, which is to be signed as part of the visit to Canada by the head of the Ukrainian government, which is scheduled for late October,” the source said.
He said that Ukraine and Canada were working out plans to expand promising partnership in the world space market.
“The document, which is to be signed, is intended to provide legal framework for the development of cooperation between Ukrainian and Canadian companies in the space sector, as well as to ensure the implementation of projects and initiatives of mutual interest for scientific, technical and industrial investment activities of both countries in this area,” the source said.
The visit by the Ukrainian government delegation led by Prime Minister Groysman to Canada is scheduled for the end of October. According to the Canadian side, a meeting between Canadian Prime Minister Justin Trudeau and Groysman is to be held in Ottawa on October 31.
KYIV. Oct 25 (Interfax-Ukraine) – The EBITDA of Kernel, one of the largest Ukrainian agricultural groups, could increase to $495 million in the 2021 fiscal year (FY, July 2020-June 2021), reads a report by the company on the website of the Warsaw Stock Exchange.
According to the report, such data were presented during a conference call with investors.
In 2017 EBITDA was $319 million.
According to Kernel forecasts, production of bulk sunflower oil by 2021 will grow by 41%, to 1.877 million tonnes, sales by 38%, to 1.753 million tonnes, EBITDA in this segment by 2.1 times, to $176 million compared to 2017 FY.
EBITDA in the segment of bottled sunflower oil by 2021 FY will increase by 15%, to $20 million, while production volumes will remain at the level of 2017, at 131 million liters.
The company expects EBITDA in the agrarian segment in 2021 FY to increase by 5% compared to 2017 FY, to $151 million, in transshipment by 1.9 times, to $90 million, grain trading by 1.7 times, to $40 million, in the elevator direction by 1.5 times, to $60 million.
According to the report, the development strategy of the company until 2021 provides for an increase in grain transshipment from 4.5 million tonnes to 8.9 million tonnes, and grain sales from 4.5 million tonnes in 2017 FY to 8.9 million tonnes in 2021 FY.
KYIV. Oct 25 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine has approved the communication strategy in the field of European integration for 2018-2021.
The corresponding decision was made at a government meeting on Wednesday, an Interfax-Ukraine correspondent reported.
To monitor and coordinate the implementation of the strategy, a consultative body is being set up – a coordinating council for the implementation of the strategy headed by Deputy Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsintsadze.
The result of the implementation of the strategy should be the conscious support by wide segments of Ukraine’s population of European integration as the implementation of reforms in the country that are oriented toward achieving political stability, developing democracy, respect for the rule of law, and increasing support for Ukraine’s accession to the EU.
