Business news from Ukraine

Business news from Ukraine

UKRAINE APPROVES DRAFT AGREEMENT WITH SINGAPORE AND ICELAND ON AIR TRAFFIC

The Cabinet of Ministers of Ukraine has approved a draft intergovernmental agreement with the Republic of Singapore and Iceland on air traffic.
According to the relevant government decrees, the Cabinet of Ministers authorized Chairman of the State Aviation Administration of Ukraine Oleksandr Bilchuk to sign the relevant agreement.
According to the explanatory documents, this decree is provided by the need to conclude intergovernmental agreements on air services with these countries, which makes it possible to create a contractual legal framework necessary for the implementation of regular air traffic between these countries and Ukraine. This will intensify bilateral cultural ties, as well as economic relations between the countries, the government authorities said in the documents.
The agreement will determine the procedure for regulating international flights, the procedure for appointing airlines on the routes, provides for the mutual recognition of crew member certificates and others.

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