Business news from Ukraine

Business news from Ukraine

Hadz horticultural business to invest some EUR 10 mln into fruit storage complex

KYIV. April 9 (Interfax-Ukraine) – The Hadz horticultural business (Ternopil region) plans to build a fruit storage, sorting and packaging complex worth some EUR 10 million.

“We’ll invest in refrigerators, packaging line, logistics to orient not only to the domestic market, but the foreign one… Investment will total around EUR 10 million. This year we start building [the complex]… Next year equipment will be brought,” the owner of the business Petro Hadz said at the fifth financial agribusiness forum “Situation in 2015: Where to Take Money?”

He said that the facilities will be commissioned in 2016. The complex will be located in Buchach (Ternopil region).

Over the past three years the business planted a garden on 600 hectares where apples, pears and plums are growing. In three years Hadz plans to harvest 40,000-50,000 tonnes of fruit.

In 2016, Hadz plans to start exporting apples.

POROSHENKO: PEACEKEEPING IN DONBAs IS UKRAINE’S PREROGATIVE

The deployment of an EU police mission or a UN peacekeeping force to Ukraine is the exclusive prerogative of the Ukrainian state, Petro Poroshenko stated.

“This is the territory of Ukraine. And we hate the idea that any other state will decide if the United Nations’ peacekeepers should be there or not. And we are very much interested, that it should be also a possibility for the European Union police mission – or in the United Nations Security Council, peacekeeping mission would be mostly represented by the European Union. We trust them, these are our partners. And we think this is a very effective way to solve the question,” Poroshenko told Euronews in an interview.

As the peacekeeping mission decision may be vetoed at the UN Security Council, Poroshenko suggested: “And that’s why we would need to have that discussion the same way that we have in Minsk, that would be a unanimous decision, to have peacekeepers.”

“Yes we have support, we have a confirmation” from the European Union and NATO, Poroshenko continued.

“Where do we need these peacekeepers? First, on our border, because the border is a key element of the sovereignty and we need peacekeepers to close these borders to stop supplying troops, ammunition and weapons to Ukrainian territory, very simple. And second, the peacekeepers alongside the buffer zone, with the touch line which was set here just to guarantee peace and stability,” he said in conclusion.

INTERNATIONAL FINANCIAL AID FOR UKRAINE SOARS TO $40 BLN – POROSHENKO

Ukraine’s President Petro Poroshenko has said that the international financial aid for Ukraine will total $40 billion.

“With aid from the World Bank, international financial institutions, the United States, the European Union, Canada, Australia, Japan, Switzerland, and Turkey, the total sum, including funds from the IMF (International Monday Fund) will amount to $40 billion,” Poroshenko said. He recalled that recently the IMF has approved a new $17.5 billion aid program for Ukraine.

“We have already held the first stage of reforms, and made a decision about the legislation to ensure implementation of our memorandum with the IMF, and I want to say that as a result of very difficult talks with the IMF we managed to defend our key positions on support, including social protection, and to prevent our poorest social groups from being increasingly worse off,” the Ukrainian president said.

EU, UKRAINE SELECT 10 PRIORITY REFORMS

The European Union and Ukraine agreed the updated Association Agenda with 10 Ukrainian priority reforms at the EU-Ukraine Association Council.

“Being agreed between the Ukrainian Government and the EU and its Member States, this document constitutes the main political tool for the implementation and monitoring of the Association Agreement,” the European Council’s press service reported.

The Association Agenda outlines ten short-term reform actions that Ukraine should address as a matter of priority in the areas of constitution, elections, judiciary, anti-corruption, public administration, energy, deregulation, public procurement, taxation and external audit.

UKRAINE MUST FULFILL ALL CONDITIONS FOR JOINING EU BY 2020

By 2020, Ukraine must fulfill all conditions for joining the EU, Chairman of the Parliament (Verkhovna Rada) of Ukraine Volodymyr Hroisman has said.

“Our task is to do our best so that by 2020 we could fulfill all the conditions for joining the EU,” Hroisman said in an interview with “Das Parlament!” weekly (German).

Chairman of Ukrainian parliament noted that “accumulation of reforms that Ukraine needs to conduct today is the result of failures of previous years.” He noted that “some reforms will be painful,” but Ukrainian citizens would treat them with understanding.

“I believe Ukrainians will show understanding of the necessity of the reforms,” Hroisman said.

According to him, Ukraine’s facing many tasks to fulfill.

UKRAINE SIGNS AGREEMENT WITH EU ON PARTICIPATION IN HORIZON 2020 PROGRAM

Ukraine and the European Union have signed an agreement on Ukraine’s participation in the Horizon 2020 research and innovation program.

“I am very pleased to welcome Ukraine to our EU research funding program Horizon 2020… Ukraine will now have access to the full spectrum of activities funded under Horizon 2020, helping it to spur its economy. I hope Ukraine will make the most of these opportunities,” EU Commissioner for Research, Science and Innovation Commissioner Carlos Moedas said at a press conference. He also said that Ukrainian entrepreneurs will be able to receive grants provided by the European Research Council and get access to the program’s instruments designed for small and medium seized businesses.

The total amount of Ukraine’s contribution for participation in the program will be EUR 35.5 million until 2020. Horizon 2020 is the largest EU research and innovation program which is designed for seven years (2014 to 2020), and is aimed at the support of research and innovative activities.