KYIV. June 22 (Interfax-Ukraine) – The United States will allocate $220 million on the improvement of work of the State Customs Service of Ukraine, Minister of the Cabinet of Ministers of Ukraine Oleksandr Sayenko has said in an interview with Channel 5.
“The amount of $220 million has been confirmed during a meeting with Vice President [of the United States] Joseph Biden. We are speaking about three key goals on which these funds would be spent. One of them is reform of the customs service. First of all, the money from the U.S. will be spent on the purchase of equipment that allows to control and track the smuggling flows which today unfortunately manage to pass our customs checkpoints,” Sayenko said.
The minister stressed that customs employees would be provided with access to databases through which they can “monitor customs value correctly and impose relevant charges on goods.”
The second goal is the purchase of customs monitoring equipment.
“When a customs officer comes to a car, inspects it and writes the results in paper documents, it is difficult to control him or her. Technical equipment will allow automatically check what is transferred. A new system will determine value of goods automatically,” Sayenko said.
KYIV. June 21 (Interfax-Ukraine) – Antonov State Enterprise (Kyiv) would equip next generation An-148/158/178 family jets with aircraft avionics made by Canada’s CMC Electronics.
The press service of Antonov Enterprise reported on June 17 that western equipment for new Ukrainian aircraft will be shipped under contracts signed in June with Esterline CMC Electronics, Canada. The Canadian company will supply display, automatic pilot and navigation systems.
The Ukrainian enterprise has not disclosed the conditions and terms of the contract. According to the Visnyk Derzhavnykh Zakupivel public procurements bulletin, the equipment is to be shipped to Ukraine by late June 2021.
“Under the contract, equipment made by CMC Electronics adapted for Antonov aircraft will be certified by the Canadian company at Transport Canada and will meet western standards and requirements. This is an important factor for the further certification of the aircraft in line with European requirements,” the press service said.
Antonov said that CMC Electronics will also participate in the program on modernization of An-124-100 Ruslan aircraft with a carrying capacity of 150 tonnes used by Antonov Airlines that ensures the provision of services under the NATO SALIS program in the interests of 18 countries of the Alliance and the EU.
The installation of certified spare parts to the Ruslan aircraft will allow Ukrainian Ruslan aircraft to fly using modern and promising navigation specifications, the press service said.
State-run Antonov company, the leading Ukrainian aircraft manufacturer, became part of Ukroboronprom in April 2015 under a government decision.
KYIV. June 21 (Interfax-Ukraine) – Japan’s Fujikura, the electrical equipment manufacturer, intends to launch one more automotive parts plant in Yavoriv District of Lviv region in October 2016.
According to a posting on the website of Lviv Regional Administration, referring to Administrative Head of Fujikura Automotive Ukraine Oksana Lashmanova, the gross area of the new production facility will exceed 16,000 square meters.
The range of products will be expanded and 3,000 jobs will be created.
The first plant of the Japanese company in Lviv region started operating in April 2016. Total investment in the first phase reached UAH 87 million.
Total investment in the investment project is EUR 60 million for three years. Fujikura started producing automotive parts for European car manufacturers at the facilities with a gross area of 12,000 square meters.
The decision to build the plant would be made if the first phase is a success.
The projected production capacity of Fujikura Automotive Ukraine Lviv, which will be built in the industrial park in Lviv, would reach 4 million electric equipment sets.
Fujikura was founded in 1885 in Japan and gradually transformed into an international corporation providing innovation solutions. Its turnover exceeds EUR 5 billion a year.
KHARKIV. June 21 (Interfax-Ukraine) – Kharkiv region and Heilongjiang Province of China have signed an agreement on trade, economic, scientific, technical and cultural cooperation in Harbin, the press service of Kharkiv Regional Administration has reported.
First Deputy Head of Kharkiv Regional Administration Yulia Svitlychna who signed the document on behalf of Kharkiv region on June 16 said that it will help to step up cooperation between the two regions.
“This document would give additional opportunities to expand cooperation in industry, agriculture, science and technology, education, healthcare, culture, arts and sports,” she said, speaking to the government of Heilongjiang Province.
“We have agreed to create favorable conditions for developing cooperation of business structures on a parity basis, including attraction, support and protection of investment and organization of new jobs,” she said.
She said that the agreement envisages the necessity of supporting cooperation between companies and representatives of small and medium-sized enterprises (SMEs) and organizing and hosting exhibitions.
A delegation of Kharkiv region on June 16 took part in the sixth Harbin International Technical Conference.
Kharkiv presented studies of Kharkiv scientists in aerospace, IT, biomedicine and environmental safety.
KYIV. June 21 (Interfax-Ukraine) – An agreement on the free trade area between Ukraine and Canada will be signed on July 11 and July 12 in Kyiv during a visit of Prime Minister of Canada Justin Trudeau, Ukraine’s Economic Development and Trade Ministry has reported.
The ministry said that Trudeau said at the Ukraine-Canada Business Forum held in Toronto on June 20 that the signing of the free trade area agreement is of the highest priority.
First Deputy Prime Minister and Economic Development and Trade Minister Stepan Kubiv added that the agreement would open a new phase in trade relations between the two countries.
As reported, Ukraine and Canada signed an agreement on the completion of negotiations on the free trade area between the two countries in July 2015.
KYIV. June 17 (Interfax-Ukraine) – U.S. the Debt Exchange, Inc. (Delaware) and First Financial Network, Inc. (Oklahoma-City) have registered their fully-owned subsidiaries in Ukraine – DebtX Ukraine LLC and First Financial Network Ukraine LLC (both based in Kyiv).
According to the public register, DebtX Ukraine with a charter capital of UAH 125,600 was registered at the end of May, and First Financial Network Ukraine with a charter capital of UAH 25,000 – early June.
Beneficiaries of DebtX are U.S. citizens Bruce Hounsell, J. Kingsley Greenland and Thomas Goodwin, while beneficiaries of FFN Ukraine are Bliss А. Morris and John A. Morris. They are all top managers of the companies.
Lawyer of Aequo law firm Oleksandr Tereschenko heads DebtX Ukraine and Senior Lawyer of Aequo law firm Bohdan Dmukhovsky heads FFN Ukraine. The two lawyers provided consultations to Ukrainian Business Group to acquire a transition bank from the Individuals Deposit Guarantee Fund and NCH Capital (the Untied States) in a debut purchase of an insolvent bank from the Deposit Guarantee Fund in Ukraine.
