Business news from Ukraine

Business news from Ukraine

Italy and Ukraine signed Memorandum of Cooperation

Ukraine’s Foreign Ministry on Wednesday signed a Memorandum of Cooperation with the Italian Trade Agency in the framework of the conference on the restoration of the Ukrainian state, the Foreign Ministry’s press service said.
In particular, the Memorandum is an important step towards creating new opportunities for Ukrainian exporters in the Italian market, revitalizing B2B contacts, and expanding Ukrainian products on the shelves of leading Italian retail chains.
It is noted that within the framework of the initiated cooperation, Ukrainian exporters will be able to get expanded opportunities to establish direct working contacts with Italian partners, business meetings, participation in exhibitions and retail events.
“The Ministry of Foreign Affairs of Ukraine is consistently expanding its partnerships with foreign specialized associations to help Ukrainian exporters enter new foreign markets using the capabilities of the Nazovni digital platform,” the Foreign Ministry’s press service summarized.
The international platform NAZOVNI is a globalization service for Ukrainian business created to promote goods and services abroad with the assistance of Ukrainian diplomatic missions.

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“Energoatom” and Rolls-Royce sign memorandum on construction of small modular reactors in Ukraine

NNEGC Energoatom President Petr Kotin and British Rolls-Royce SMR director for cooperation with partners Sophie McFarlene-Smith signed a memorandum of understanding on March 20 that envisages the construction of a power plant with small modular reactor (SMR) in Ukraine.
“Under the memorandum, Rolls-Royce SMR is committed to supporting Ukraine’s recovery by deploying a plant-based small modular reactor (SMR) power plant that will be capable of generating enough carbon-free electricity to supply a million homes for more than 60 years,” Energoatom said in Telegram on Tuesday.
Overall, the document provides an opportunity for the companies to work together to find future opportunities to deploy Rolls-Royce SMR small modular reactors (SMRs) in Ukraine as it begins to recover.
“Cooperation between Energoatom and Rolls-Royce SMR has reached a new level. Today we have signed an agreement that will give Ukraine the opportunity not only to start a high-quality post-war reconstruction of power infrastructure, but also to become one of the first countries in the world to attract promising small modular reactor technology to do so,” Kotin was quoted by the company as saying.
For his part, as Rolls-Royce SMR CEO Tom Samson noted, the British government supports Ukraine and its citizens.
“With Britain’s own nuclear technology, we can potentially help the people of Ukraine recover quickly and restore energy security and independence,” he stressed.
As reported, Ukrainian Energy Minister Herman Galushchenko said last week Ukraine plans to build up to 20 SMRs as part of a “green transition” to replace the thermal generation units destroyed during the war
In turn, Petro Kotin, president of NNEGC Energoatom, said that SMRs are very promising for Ukraine and at the moment the nuclear specialists jointly with the Ministry of Energy are developing many programs with different world companies which develop technology of small modular reactors.
In particular, Energoatom is currently cooperating in the SMR direction, in addition to the British Rolies Royce, also with the American Westinghouse offering its AP-300 reactor, NuScale and Holtec International, as well as with a couple more companies with which memorandums have been signed.

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Reznikov and French Minister of Defense signed memorandum on supply of radars to Ukraine

Ukrainian Defense Minister Alexey Reznikov and French Defense Minister Sébastien Lecorniou signed a memorandum with Thales Group on the supply of GM 200 radar systems for Ukraine’s air defense.
“Together with my French colleague Sébastien Lecorniou, we signed a memorandum with Thales Group for the supply of MG-200 radars for Ukraine’s air defense. This equipment will help us detect enemy drones and missiles, including ballistic missiles. Our skies will be protected from Russia’s deadly attacks,” he wrote on Twitter on Wednesday.

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Switzerland and Ukraine signed a memorandum of partnership in field of digital transformation

A memorandum of partnership in the field of digital transformation was signed between Ukraine and Switzerland, according to the Telegram channel of the President of Ukraine.
“A memorandum of partnership in the field of digital transformation was signed between Ukraine and Switzerland. We plan to deepen our cooperation to help restore Ukraine through digitalization,” the report says.
The parties also discussed the possibilities of Swiss assistance in supporting digitalization and restoration of telecommunications systems in the recently occupied territories of Ukraine.

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President of Turkey signed Memorandum on Turkey’s participation in restoration of Ukraine’s infrastructure

Turkish President Recep Tayyip Erdogan signed a Memorandum on Turkey’s participation in the restoration of Ukraine’s infrastructure. In addition, Turkish campaigns will also provide consulting and technical assistance, said Deputy Head of the Office of the President (OP) Kyrylo Tymoshenko.
“In Lvov, during a meeting between President of Ukraine Volodymyr Zelensky and President of Turkey Recep Tayyip Erdogan, a Memorandum was signed on Turkey’s participation in restoring Ukraine’s infrastructure,” he wrote on his Telegram channel.
According to him, Turkish state and business structures will develop specific restoration projects, as well as provide consulting and technical assistance.
“The restoration of the bridge in the village of Romanovka, Kyiv region, is being considered as the first project,” Tymoshenko stressed.
“We thank our partners for supporting the Fast Recovery plan and our initiatives,” the deputy head of the President’s Office wrote.

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UKRZALIZNYTSIA AND ALSTOM SIGN MEMORANDUM

CEO of Ukrzaliznytsia JSC Oleksandr Kamyshin and CEO of Alstom Henri Poupart-Lafarge have signed a memorandum of understanding.
The signing took place at a press conference of Presidents of Ukraine and France Volodymyr Zelensky and Emmanuel Macron in Kyiv on Tuesday.
Earlier, at this press conference, Zelensky said that on February 8, Ukraine and France finalized the agreements and switched to the practical stage the implementation of the project on the supply of 130 ALSTOM locomotives worth EUR 900 million.
As reported, in May, Ukraine and France signed a framework intergovernmental agreement on financing the supply of 130 heavy-duty electric locomotives worth EUR 900 million for Ukrzaliznytsia by Alstom. The document was ratified by the Verkhovna Rada on July 1, 2021.
Alstom welcomed the ratification of the intergovernmental agreement and said that “the next important step is the signing of commercial agreements in the second half of 2021.” This will allow Alstom to start supplying locomotives to the Ukrainian market, which will also include 35% local content associated with the production and maintenance of electric locomotives.
Alstom is one of the world leaders (along with Siemens and Bombardier) in the production of power equipment and railway transport. It operates in more than 70 countries.

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