Business news from Ukraine

MINISTER OF EDUCATION OF UKRAINE: ALL CONSTRUCTION, AGRICULTURAL, HIGH-TECH AND PEDAGOGICAL SPECIALTIES WILL BE PRIORITY IN STATE ORDER

Minister of Education and Science Serhiy Shkarlet says that when forming the state order for 2022, all construction, agricultural, high-tech and pedagogical specialties will be a priority.
“Today we are already working with the Ministry of Economy, the Ministry of Digital Transformation regarding the formation of a budget order for 2022. The focus will be on high-tech and post-war economic recovery,” Shkarlet said in an interview on Thursday morning’s national telethon.
According to the minister, the humanitarian block, highly competitive specialties: economics, social sciences, management, public administration, lawyers will not have a large share of state funds covered in the state budget.
At the same time, Shkarlet noted that builders, all agricultural, high-tech, pedagogical specialties will be a priority, including when applying to universities.
The Minister also stressed that the emphasis is on professional higher education.

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SOUTH KOREAN HYUNDAI CORPORATION READY TO START NEGOTIATIONS ON LOCALIZATION OF HIGH-TECH PRODUCTION IN UKRAINE

South Korean Hyundai Corporation is preparing to start negotiations on the possible localization of high-tech production in Ukraine.
“Hyundai also plans to begin detailed negotiations on the possibility of investing in Ukraine and transferring technologies to localize the production of complex technologies,” said Eun Soo Choi, Vice President of the Commercial Transport and Energy Division of Hundai Corporation, during the All-Ukrainian Forum “Ukraine 30. Infrastructure” on Monday.
He also stated that Hyundai Corporation is inviting Ukrainian President Volodymyr Zelensky and representatives of the Ukrainian government to visit Hyundai’s facility in Korea.
The South Korean Hyundai Corporation will allocate $2 million in grant funds for the development of a pre-feasibility study for the construction of a high-speed European-gauge railway network (1,435 mm).

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EUROCHEM GROUP AG INVESTS UAH 11.6 MLN IN HIGH-TECH FERTILIZERS PRODUCTION IN UKRAINE

EuroChem Group AG has invested more than UAH 11.6 million in the launch of production of Entec Solub high-tech fertilizers in Ukraine, the company’s press service has reported. “On April 3, 2018 EuroChem Group AG produced the first batch of Entec Solub, water-soluble fertilizers with a nitrification inhibitor, in Kremenets (Ternopil region). For its production the company completely converted and resumed its production base, purchased and installed a production line for more than $438,000,” the report says.
In general, according to the company, in 2016-2017 EuroChem invested more than $4.128 million in the development of production sites, four large warehouses of mineral fertilizers and agro-centers in Kazatyn, Buryn, Balakleya and Kremenets.
Over the same period, more than UAH 2.263 billion of taxes and fees were paid to the budgets of all levels.
EuroChem Group AG is the leading fertilizer producer in the world. It mainly produces nitrogen and phosphate fertilizers, as well as organic synthesis goods and iron ore concentrate. The head office of the group is located in Zug, Switzerland, while manufacturing facilities in Belgium, China, Kazakhstan, Lithuania and Russia, and the distribution network in Europe, the CIS, Asia, and South America.

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