KYIV. Nov 20 (Interfax-Ukraine) – Ukraine and Italy have agreed on cooperation in various sectors of economy, in particular in the energy sector, Ukrainian President Petro Poroshenko said during his visit to Italy after a meeting with Italian President Sergio Mattarella and Prime Minister Matteo Renzi.
“The Eni company has declared its willingness to increase its investment in Ukraine,” the president told the media in Rome on Thursday.
The sides also agreed to cooperate in the agricultural sector, including in agricultural engineering, and on investments in technologies, food industry, as well as in the development of small and medium businesses in Ukraine, Poroshenko’s official website reported.
As reported, Eni in 2012 bought 50.01% in Zakhidgazinvest (Ivano-Frankivsk region). LLC Zakhidgazinvest currently holds subsoil rights to nine unconventional (shale) gas license areas in Ukraine, totaling approximately 3,800 square kilometers.
Also, in 2013, Ukraine signed a production-sharing agreement (PSA) with Eni and Electricite de France on development of the Subbotina, Abikha, Mayachna and Kavkazka hydrocarbon blocks on the Black Sea shelf.
KYIV. Nov 20 (Interfax-Ukraine) – Investment in residential real estate in Kyiv under the transactions of Blagovist and Park Lane real estate agencies, part of First Realty Group (all based in Kyiv), in October 2015 increased by 31.4% compared to September, to $28.406 million.
Blagovist said, with reference to its CEO Halyna Melnykova, that this data includes the calculation of the cost of a transaction in the national currency at the average exchange rate to U.S. dollars on the day of the transaction.
“In October we observed high activity in the market, which according to our forecasts will be relevant by the end of the year. It is worth noting a tendency to the increase in the interest of buyers to more expensive objects worth $100,000-$250,000,” reads the report.
According to the report, in the total number of transactions by First Realty Group in October 2015 the share of deals with objects worth up to $50,000 was 23%. The highest demand was recorded for mainly renovated one-room apartments and two-room un renovated apartments in Desniansky, Dniprovsky and Pechersky districts of the capital, as well as old out-of-town houses with an area of 100-150 square meters in the nearest suburbs of Kyiv.
According to Blagovist, the most low-cost object sold in October 2015 was a one-room apartment in good condition with an area of 36.5 square meters located in Symyrenko Street in Sviatoshynsky district in Kyiv which was purchased for $26,000.
According to the report, the share of transactions in the price range of $50,000-$100,000 in the total number of transactions by First Realty Group in October 2015 was 65% – mainly two- and three-room apartments in Holosiyevsky, Darnytsky, Pechersky, as well as Shevchenkivsky and Solomiansky districts.
KYIV. Nov 19 (Interfax-Ukraine) – An agreement on providing Ukraine with a $560 million loan from the International Bank for Reconstruction and Development (IBRD) of the World Bank Group to finance the development of the road sector will be signed on November 19, according to an announcement on the website of the Ukrainian government.
As reported, the World Bank Board of Executive Directors approved the issue of this loan at the beginning of November this year.
According to the project, repair works to upgrade about 100 km of the M-03 Kyiv-Kharkiv road on the Poltava-Valky section will be funded.
“Modernization will take place under the standard of first category roads: it will be a highway with four lanes of traffic and a high level of security, including an emergency barrier in the center and, if necessary, barriers on both sides of the road,” reads the document.
The project is to be completed in 2021. As a result of its implementation a travel time between Poltava and Kharkiv will be reduced from 140 minutes to 96 minutes with the expected decrease in the number of accidents from 139 to 85 cases per year.
The loan will also help provide funding for the maintenance and improvement of road safety on about 840 km of the main national transport corridors in the country.
KYIV. Nov 19 (Interfax-Ukraine) – Zorya-Mashproekt (Mykolaiv) has supplied marine power equipment to the Indian Navy.
The press service of the enterprise reported that it finished shipping equipment for the main gas turbine unit of a ship under a contract signed in March 2015.
“A batch of gearboxes has been shipped for the customer. Earlier, a batch of engines was delivered under this contract,” the press service said.
Zorya-Mashproekt traditionally participates in the newest projects of Indian Navy. India is one of its key partners in supplying marine power plants.
At present, Zorya-Mashproekt is making products for new ships being built in a Mumbai shipyard. The sides are working on the joint design of advanced control systems.
Zorya-Mashproekt is a world famous designer and manufacturer of gas turbine equipment, and a monopolist in the CIS market on the development and production of gas turbines for warships.
KYIV. Nov 19 (Interfax-Ukraine) – Bogdan-Autotrade LLC distributor of JAC (China) and Saipa (Iran) automotive brands, part of Bogdan Corporation, will bring another low-cost Chinese car brand to the market – the Zotye.
According to the press secretary of Bogdan Corporation, Serhiy Krasulia, the product range, sale plans, prices for cars and other details of the new distribution will be announced during an official presentation on November 19.
Zoyte cars are new to Ukraine but are present on the Russian and Belarusian markets. Two models of the brand at made at a plant in Tatarstan – a C Class Z300 sedan and a midsize T600 SUV.
Chinese Zotye automaker, founded in 2003, produces a wide range of passenger cars and crossovers, as well as electric cars.
Bogdan Corporation was established in February 2005 with the aim of implementing large-scale automotive projects.
At present, the company has two modern vehicle production plants – one in Cherkasy with a capacity of 120,000-150,000 cars and one in Lutsk with a capacity of 6,000 buses and trolleybuses.
KYIV. Nov 19 (Interfax-Ukraine) – Luhansk regional military civilian administration head Heorhiy Tuka has said that Mercy Corps international organization has provided 200 grants to develop small business in the region.
“Positive: Mercy Corps international organization reports on first success in provision of international grants to develop small business in Luhansk region. A person received a grant to develop a center to grow ornamental plants in Starobilsk district, a practitioner in Novopskovsk organized provision of the ultrasound scan service, a souvenir workshop in Bilokurakine, cattle breeding in Hannivka. In general, the organization has provided 200 grants!” Tuka wrote on his Facebook page on Wednesday.
He also said that jointly with MP Natalia Veselova he continues working on drawing up amendments to the law and procedure for refunding for the apartments lost during hostilities in the east. Tuka said that over 500 houses have been destroyed in Luhansk region.
He said that restoration works in Svatove at social facilities and private houses are underway.
