KYIV. April 4 (Interfax-Ukraine) – President of Ukraine Petro Poroshenko has signed the law on ratification of the free trade agreement between Ukraine and Canada.
According to the press service of the Ukrainian president, this agreement was signed during the visit to Ukraine of Canadian Prime Minister Justin Trudeau on July 11, 2016.
The agreement will enter into force on the first day of the second month after the parties’ receiving the notice on completion of the procedures required for its entry into force.
“From the entry into force of the agreement, Canada will open 98% of its market of goods that are subject of bilateral trade for Ukrainian exporters. Considering the different level of economic and social development of Ukraine and Canada, the parties will apply the principle of asymmetric tariff obligations, which will allow our state to adapt trade with this country in terms of free trade,” the report reads.
The document contains a number of norms and obligations related to non-tariff measures that will help ensure that access to the markets will not be limited to unjustified barriers to trade.
KYIV. April 4 (Interfax-Ukraine) – Prime Minister of Ukraine Volodymyr Groysman has met with President of Korean Corporation Posco Daewoo Kim Young-Sang, during which the parties discussed potential projects for investing in Ukraine.
“We are interested to create added value in the territory of Ukraine and it is clear that for this we need new investments and projects, including those that we can consider in terms of the development of our agroindustrial complex, which have an extremely high potential. The matter concerns production in the territory of the country,” Groysman said.
According to the Ukrainian prime minister, the government is taking measures to create favorable conditions for business and is ready “to provide 100% turn-key” support to those business projects that are implemented in Ukraine.
The Posco Daewoo president, in turn, expressed interest in investing in a grain port terminal and opening a full-fledged division of the company in Ukraine.
In addition, the company is interested in cooperation with Ukraine in the direction of production of electric vehicles and is ready to contribute to the creation of a national brand.
KYIV. April 4 (Interfax-Ukraine) – PJSC Ukrhydroenergo in 2016 doubled net profit compared to 2015, to UAH 2.21 billion.
According to a company report posted on the website of the Ministry of Energy and Coal Industry, its net income last year increased by 34.2%, to UAH 5.998 billion, gross profit by 47.9%, to UAH 3.327 billion.
Electricity production by the nine hydro power stations and hydroelectric pumped storage plants of the company in 2016 increased by 35.6% compared to 2015, to UAH 8.712 billion.
The forecast for the supply of electricity from the Ukrhydroenergo plants for 2017 is 10.794 billion kWh.
ODESA. April 4 (Interfax-Ukraine) – Ukraine and Moldova have agreed on the construction of a bypass road near Palanca, which will allow overhauling the bridge on the Odesa-Reni highway in the same locality.
According to the press service of Odesa Regional State Administration, a meeting of a group of deputies from the parliament of the Republic of Moldova and the Verkhovna Rada of Ukraine with the participation of Head of Odesa Regional State Administration Maksym Stepanov, Chairman of Odesa Regional Council Anatoliy Urbansky and Minister of Regional Development and Construction of the Republic of Moldova Vasile Bitca was held in Palanca. The participants in the meeting discussed the construction of a bypass road through the territory of Moldova for the overhaul of the bridge. The total cost of the project is UAH 76 million.
“The availability of this way will make it possible to quickly get to the southern regions of Odesa region and relieve traffic near Zatoka during the vacation season,” the press service said.
The Moldovan side promised by the end of the week to approve the project. It is planned that by April 7 all the decisions made will be stipulated in official documents.
KYIV. April 4 (Interfax-Ukraine) – Galicia Greenery LLC, a company with 100% Dutch investments (Lviv region), has opened the second phase of greenhouses with an area of 4,800 square meters, according to the website of Lviv Regional State Administration.
According to the report, investments in this project amounted to EUR 600,000 with the total capital investment being EUR2.5 million.
Two greenhouses for growing different kinds of lettuce by the method of dry hydroponics have been built here for the money of investors. Some 6,500 kg of lettuce or 45,000 pieces per week are grown here.
“To date, the demand for lettuce is much higher than the supply, and it seems to me logical to invest in the further development of production and the enterprise,” Ambassador of the Netherlands to Ukraine Kees Klompenhouwer said.
According to Lviv Regional State Administration, Galicia Greenery plans next year to build additional premises for growing vegetables.
Galicia Greenery LLC was registered in 2011. Its founder is the Dutch company Galicia Greenery Holding B.V.
HOSTOMEL. April 3 (Interfax-Ukraine) – The An-132D aircraft manufactured by Antonov state corporation on Friday, March 31, successfully completed its first flight, flying from the airdrome of Sviatoshyne to Hostomel airfield (Kyiv region).
According to an Interfax-Ukraine correspondent, after landing in Hostomel airfield, the crew of the plane was met by President of Ukraine Petro Poroshenko, Ukrainian officials and representatives of Saudi Arabia.
“The creation of this transport plane was joined by the leading enterprises of the world’s aircraft manufacturing: companies from the United States, Great Britain, France, Germany and many other countries. The An-132D is a unique example in the history of Ukrainian aviation that proves the need to develop the introduction of production cooperation with Western partners. Now this cooperation is being built up with NATO member states, which is in line with the development strategy of our state,” Poroshenko said.
The president expressed hope that with joint cooperation with foreign partners the serial production of An-132D aircraft will be launched.
