Business news from Ukraine

Business news from Ukraine

Memorandums and agreements worth almost $1bn have been signed between Japanese and Ukrainian businesses in Japan

Within the framework of the forum in Japan between businesses signed memorandums and agreements for almost $1 billion, said Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Taras Kachka.

“We have calculated that the total cumulative number of those memorandums, documents signed between businesses reaches almost $1 billion. Dialogue with Japan is systematic, systematic and very meaningful,” Kachka said on the air of the national telethon on Tuesday.

Earlier in the Office of Deputy Prime Minister said that on the margins of the forum Ukraine and Japan signed 29 important agreements, in particular agreements on the implementation of joint projects in agriculture and food industry, infrastructure and construction, technology and innovation.

As reported, on August 3, a delegation headed by Vice Prime Minister of Ukraine for European and Euro-Atlantic Integration Taras Kachka arrived in Japan to take part in the event dedicated to the National Day of Ukraine at Expo 2025 in Osaka, Japan.

 

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Ukraine and Japan plan to hold business forum in fall

Ukrainian Prime Minister Yulia Svyrydenko and Japanese Ambassador to Kyiv Masashi Nakagome discussed the upcoming Ukrainian-Japanese business forum scheduled for the fall, as well as preparations for the arrival of two Japanese business missions.

“Today I met with Japanese Ambassador Masashi Nakagome. On August 5, Ukraine will celebrate its National Day at Expo 2025 in Osaka. This special event will be an expression of our sincere gratitude to the international community for its continued support,“ she wrote on social media on Friday, noting that she thanked the ambassador for the invitation but would remain in Kyiv, ”where my team and I are finalizing our government’s action plan.”

According to Svyrydenko, at the meeting with the ambassador, “we discussed the upcoming Ukrainian-Japanese business forum scheduled for the fall, as well as preparations for the arrival of two Japanese business missions.” The prime minister noted that work on the investment agreement “is progressing well, and our goal is to sign it this fall.”

Svyrydenko also said that another important topic was Japan’s potential participation in the Cultural Resilience Alliance, an international initiative founded by Ukraine to support cultural recovery and resilience in times of war.
“We deeply value our partnership with Japan and look forward to strengthening our cooperation in the areas of investment, culture, and post-war recovery,” she emphasized.

The World Expo 2025 will be held in Osaka, Japan. It will last for six months in 2025: from April 13 to October 13. The theme of the exhibition is “Designing Future Societies for Our Lives,” with sub-themes of “Saving Lives,” “Expanding Life Chances,” and “Connecting Lives.”

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Ukrainian brand Suziria enters Japanese market

Suziria Group, one of the leaders in the Ukrainian pet products market, has entered the Japanese market, the company announced.

“Suziria Group brands are now present in 12 markets, and this number is growing. Our latest development is Half&Half, which has just entered the Japanese market.

The first batch of products arrived in Japan with the support of our trusted partner Casarich, which acts as the importer. Distribution is managed by their subsidiary Compet, part of the respected Combi Group, known for its expertise in childcare and pet care,” the company said on its LinkedIn page.

Suziria Group is a Ukrainian family-owned group of companies that has been developing the pet products market for over 30 years. It includes Suziria Brands, Suziria Distribution, the MasterZoo pet store chain with 190 stores, and a chain of grooming salons. The company operates throughout Ukraine and abroad, exporting its own products under the Savory, Half&Half, Special One, Pet Fashion, Buddy Boo, Priroda, and Puramur brands.

 

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New Ambassador of Ukraine to Japan appointed

President of Ukraine Volodymyr Zelenskyy has signed Decree No. 524/2025 appointing Yuriy Lutovinov Ambassador Extraordinary and Plenipotentiary of Ukraine to Japan.

Mr. Lutovinov is a career diplomat who has headed the Department for Euro-Atlantic Integration in the Office of the President since 2023 and previously served as Minister Counselor at the Ukrainian Embassy in Tokyo from 2015-2021. He is fluent in Japanese and has a deep understanding of the country, a skill that Zelenskyy considers important for strengthening Ukraine-Japan relations.

Ukraine opened an embassy in Japan in 1995 (officially opened on March 23), and diplomatic ties were established in 1992.

 

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Japan to help Ukraine restore soil with nanobubbles

Japan will assist Ukraine in restoring and increasing the fertility of Ukrainian agricultural land by introducing a promising nanobubble technology to saturate soils with oxygen, the State Agency of Ukraine for the Development of Land Reclamation, Fisheries and Food Programs reports.

The prospects for cooperation were discussed at a working meeting of the Head of the State Agency Vladyslav Nevesely and First Deputy Head Taras Kot with representatives of the Japan International Cooperation Agency (JICA) and Kakuichi on February 5.

“My previous experience with JICA has been extremely successful, as they are a team of energetic and dedicated professionals. Your interest in restoring agricultural land in Ukraine is extremely important to us, and I am confident that through synergy we will be able to achieve positive results quickly,” said Nevesely.

Currently, Kakuichi, one of the leading manufacturers of nanobubble systems, has donated three nanobubble generators to Ukraine as part of a pilot project, which are to be installed in Kyiv, Odesa and Poltava regions by the end of the month to test their effectiveness on Ukrainian farmland. Each generator can provide irrigation for about 1 hectare of land.

“The uniqueness of this technology lies in the fact that it allows us to abandon the use of chemical fertilizers. Instead, it uses an environmentally friendly approach that improves water quality and maximizes the use of nutrients contained in the soil. Water enriched with nanobubbles stimulates the natural growth of plants and helps to restore the soil,” the statement said.

It is emphasized that this technology can be especially important for the restoration of land damaged by Russian aggression.

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Japan plans to join the “green” recovery of Ukraine

The Cabinet of Ministers of Ukraine has approved the document “On the Establishment of the Ukrainian Part of the Ukrainian-Japanese Joint Committee for the Implementation of the Joint Crediting Mechanism,” the Ministry of Environmental Protection and Natural Resources of Ukraine reported.

Earlier, Ukraine joined Japan’s Joint Crediting Mechanism (JCM). The goal of the program is to reduce greenhouse gas emissions by introducing the world’s leading technologies for decarbonizing various sectors of the economy through investments by Japanese organizations. Ukraine and Japan signed a memorandum of cooperation under Article 6 of the Paris Agreement earlier this year.

“This decision is important for achieving our climate goals through joint lending instruments. Japan is a promising partner on this path. Through joint lending, we will be able to attract Japanese technologies and innovative developments to reduce greenhouse gas emissions. This includes the implementation of the UN Framework Convention on Climate Change and the Paris Agreement, and the green recovery of Ukraine according to the latest practices,” Minister Svitlana Hrynchuk said in a statement on the Telegram channel on Tuesday.

It is noted that the next step will be to approve the composition of the committee and its regulations. The committee is created to coordinate efforts to strengthen bilateral cooperation in the fight against climate change. For its part, Japan has already completed all the preparatory steps to launch cooperation.

The JCM reportedly allows Japanese organizations to invest in decarbonization projects in partner countries. The reduced greenhouse gas emissions resulting from such projects are partly credited as Japan’s contribution to its own emission reduction targets and partly in the country where the project was implemented. Today, the JCM mechanism operates in 29 countries.

According to Hrynchuk, for Ukraine, this means access to Japanese technologies – some of the best in the world – and guaranteed investments for green recovery. This will be a tangible support in overcoming the consequences of Russian armed aggression.