Business news from Ukraine

Business news from Ukraine

PRESIDENT OF UKRAINE SIGNS LAW TO EXTEND EXPORT DUTY ON FERROUS SCRAP

President of Ukraine Volodymyr Zelensky has signed the law on amendments to Section II Final and Transitional Provisions of the law of Ukraine on amending certain laws of Ukraine concerning reducing the shortage of ferrous scrap on the domestic market, by which it is proposed to prolong the export duty in the amount of EUR 58 per tonne for another five years.
“This document extends for five years – until September 15, 2026, the period of validity of the export duty rate of EUR 58 per tonne for waste and scrap of ferrous metals. Thus, conditions are created to prevent a shortage of ferrous scrap in Ukraine, which will contribute to smooth operation of domestic metallurgical industry, preserving jobs and increasing tax revenues to the budgets of all levels,” the press service of the head of state said.
In addition, the document will help reduce greenhouse gas emissions into the atmosphere, which is in line with Ukraine’s intentions to join the European Green Deal, since each tonne of recycled scrap metal saves 1.5 tonnes of CO2, 1.4 tonnes of iron ore and 740 kg of coal.
“Recycling of scrap into steel requires only 1/3 of energy costs in comparison with the production of steel from primary raw materials,” it said.
The law comes into force the next day after its publication.

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PRESIDENT OF UKRAINE ANNOUNCES OPENING OF CYBERSECURITY UNIVERSITY

President of Ukraine Volodymyr Zelensky announced that soon a university, which prepares the specialists in combating and countering cyber threats, will be opened in the country.
“We will open a new powerful university, the presentation is almost ready. A university that will have such professions related to the cybersecurity of the country, of the people. Cybersecurity is one of the main faculties of this university […] We will select the best children, we will give very high scholarships […] modern laboratories, cyber centers, biochemical centers will be built there […]”, Zelensky told reporters after speaking at the Ukraine 30 All-Ukrainian Forum.
The President also said that the university will also have a powerful selection of teachers, primarily Ukrainians, but foreign specialists will also be attracted, who will be paid high salarie.

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UKRAINE IS ONE AMONG FIRST COUNTRIES TO RECEIVE INDIAN VACCINE AFTER RESTORATION OF ITS EXPORT

Founder and owner of the Serum Institute of India, Cyrus Poonawalla, during a meeting with Ukrainian President Volodymyr Zelensky, assured that Ukraine will be among the priority countries that will receive the contracted vaccine as soon as the Indian government restores its export.
CoviShield company’s vaccine against coronavirus disease was the first that Ukraine received for vaccinations. The owner of the Serum Institute noted that India had already supplied Ukraine with half a million doses of the vaccine, the website of the President’s Office reported on Friday.
In turn, Zelensky invited Poonawalla to explore the possibilities of cooperation between his company and Ukrainian partners in order to jointly develop and produce medicines, medical products and vaccines in Ukraine, including those from COVID-19.
As reported, the incidence rate of COVID-19 in India has led to delays in the supply of up to 90 million doses of vaccines from that country. The Serum Institute of India, the world’s largest vaccine manufacturer, is a key supplier of vaccines to the international COVAX vaccine distribution program.

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PRESIDENT OF UKRAINE WELCOMES COOPERATION BETWEEN UKRZALIZNYTSIA AND STADLER

President of Ukraine Volodymyr Zelensky welcomed the signing of a Memorandum of Understanding and Cooperation between JSC Ukrzaliznytsia and Stadler on May 7 following talks with representatives of the Office of the President of Ukraine, the Ministry of Strategic Industries and the Ministry of Infrastructure of Ukraine.
Currently, Stadler will be looking for a site for the construction of a plant for the production of suburban trains and city trams. The next steps will be technology transfer and employee training to ensure product quality that meets the company’s standards. This plant will focus on domestic Ukrainian consumers, participation in tenders, as well as on the export of products to other countries, the President’s Office said on its website on Friday.
“We fully support such investments in our country. Ukraine is interested in such cooperation, and we discussed such opportunities during the official visit of the President of the Swiss Confederation to Ukraine,” Zelensky said at a meeting with Peter Christoph Spuhler, President of the Board of Directors of one of the world’s leading rolling stock manufacturers – the Swiss company Stadler CIS AG, and Alexander Luft, CEO of Stadler CIS AG.
Cooperation with Stadler will also contribute to the implementation of the project of high-quality suburban railway service City Express, the first stage of which is to be implemented in Kyiv, Dnipro and Kharkiv, the message reads.

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PRESIDENT OF UKRAINE: WE OFFER FRANCE TO SIGN DECLARATION OF OUR SUPPORT TO ACCESS EU

President of Ukraine Volodymyr Zelensky offered French President Emmanuel Macron to sign a declaration of support for Ukraine’s accession to the European Union.
“We have made a declaration that we conclude with partner countries, member states of the European Union, in which this or that country signs a declaration with us, indicating its support of Ukraine in striving to be a member of the European Union. Frankly speaking, several countries have already signed this declaration. There are countries that are now reviewing this declaration. I told the details of this declaration. I suggested that France also support Ukraine. I believe that President Macron will get acquainted with this declaration and give his answer,” Zelensky said at a briefing on the results talks with French President Macron in Paris on Friday.
Zelensky also said the Declaration on the European Perspective of Ukraine is an initiative of our state, which “does not want to wait until everything is done for us.”
“We are very proactive in Ukraine. We do not wait for everything to be done for us. We ourselves are taking concrete steps,” Zelensky said.
As reported, on March 18, a meeting of the presidents of Ukraine and Lithuania took place, during which they signed a Declaration on the European perspective of Ukraine.

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PRESIDENT OF UKRAINE SUPPORTS BIDEN’S INTENTION TO MEET WITH PUTIN

President of Ukraine Volodymyr Zelensky called the proposal of U.S. President Joe Biden to hold a meeting with Russian President Vladimir Putin in a third country as correct, since this dialogue could “resolve a number of issues.”
“I believe that this [Biden’s intention to meet with Putin on the territory of a third country] is correct. This is very […] timely, very important […] I think this could solve a number of issues, because there should be a dialogue between these countries. Sometimes, when such large states do not communicate, others suffer. Believe us, we understand that,” Zelensky said at a briefing following talks with French President Emmanuel Macron in Paris on Friday.
At the same time, Zelensky said that if during the meeting the leaders of the United States and Russia raise the issue of Ukraine, which may well be relevant, then the discussion will not be “so substantive and correct.”
“It [the issue of Ukraine] will not be substantive, it will not be correct, and this will once again show that large countries are in size, they think that everything is around them, but it seems to me that the world is much larger,” the president said.

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