Business news from Ukraine

UKRAINE, ARGENTINA SIGN COOPERATION AGREEMENT ON SPORTS

On Tuesday, the Ministry of Youth and Sports of Ukraine signed an agreement on cooperation in the field of physical culture and sports with the Secretariat of Sports of the Argentine Republic, Minister of Youth and Sports of Ukraine Ihor Zhdanov has said.
“While visiting Buenos Aires, I signed an agreement between the Ministry of Youth and Sports of Ukraine and the Secretariat of Sports of the Argentine Republic on cooperation in the field of physical culture and sports,” the minister wrote on his Facebook page on Tuesday.
He noted that Secretary of State for Sports of Argentina Carlos Javier Mac Allister, who is a member of the government, and his successor, Diogenes de Urquiza, attended the signing ceremony. He starts to perform the duties of his colleague in a month.
According to Zhdanov, the agreement establishes the legal framework of the Ukrainian-Argentine cooperation in the field of physical culture and sports through the central executive bodies and public organizations of physical culture and sports.
“There will be an intensive exchange of experience between coaches and athletes of both countries within the framework of the agreement,” the minister said.
Study visits of specialists, organization and holding of seminars and conferences on issues of the sphere of physical culture and sports with the participation of representatives of state bodies, national federations for sports, sports societies and clubs are planned.

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UKRAINE SIGNS WITH URUGUAY VISA-FREE AGREEMENT

Ukraine’s Cabinet of Ministers has approved a draft agreement with Uruguay on the mutual abolition of visa requirements. Ukrainian Ambassador to Uruguay concurrently Yuriy Diudin was authorized to sign the document. The provisions of this document stipulate that citizens of Ukraine will be able to stay in the territory of Uruguay for a period not exceeding 90 days, renewable for another period of 90 days. Citizens of Uruguay will be able to stay in Ukraine for a period not exceeding 90 days over a 180-day period.
According to the press service of the Ukrainian Foreign Ministry, such an agreement was reached after meetings of Director of the Consular Service Department of the Ukrainian Foreign Ministry Serhiy Pohoreltsev in Uruguay, in particular, with the head of the migration service, the leadership of the Uruguayan Foreign Ministry and parliament members.
“After agreeing the necessary formalities for the signing and entry into force of the relevant bilateral agreement, Uruguay will become another country where Ukrainian citizens can travel without visas,” the ministry said.

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STATE-OWNED UKRENERGO TO SIGN AGREEMENT WITH MOLDELECTRICA ON SIMULTANEOUS WORK

Ukrenergo plans at the end of 2018 to sign an operational agreement on simultaneous operation in the Ukraine-Moldova control block with Moldelectrica, the press service of the Ukrainian company has reported. “The operational agreement is a contractual basis for the parallel operation of the transmission system operators, which is being worked out in the framework of the action plan for the synchronization of the energy systems of Ukraine and Moldova with ENTSO-E … The final signing of the operation agreement is scheduled for the end of 2018,” the report says.
On September 14 Ukrenergo and Moldelectrica signed three new provisions from the future agreement, and in general 17 provisions are already ready.
“The operating agreement significantly simplifies our contractual base and brings it into full compliance with the European standards. After its final signing, we will be able to cooperate with Moldelectrica according to ENTSO-E rules. To date, the major part of the plan of measures for the development of this important document has already been completed,” Yuriy Kudrenko, the head of the department for ensuring the parallel operation of Ukrenergo’s power systems, said.

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PARLIAMENT RATIFIES AGREEMENT BETWEEN UKRAINE AND TURKEY ON INVESTMENT PROTECTION

The Verkhovna Rada has ratified the agreement between the governments of Ukraine and the Republic of Turkey on mutual assistance and investment protection, which provides Ukrainian and Turkish investors with assistance in use of investments, as well as secures guarantees against illegal expropriation and nationalization. Some 244 people’s deputies supported the corresponding bill with the quorum being 226 votes.
According to the website of the Ministry of Economic Development and Trade, the agreement also provides for the free transfer of payments and the application of internationally recognized dispute settlement procedures.
In addition, the parliament ratified the trade agreement between Ukraine and the Kingdom of Thailand.
The corresponding bill, providing for the creation of a special intergovernmental commission on trade, was supported by 241 people’s deputies.

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