Business news from Ukraine

Business news from Ukraine

PRESIDENT OF UKRAINE INVITES TURKISH BUSINESSES TO PARTICIPATE IN TENDERS FOR CONCESSION OF UKRAINIAN AIRPORTS, SEAPORTS, ROADS

President of Ukraine Volodymyr Zelensky has invited Turkish companies to participate in tenders for concession of Ukrainian airports, seaports and roads which will be held soon.
“One of our priorities is large-scale modernization of our infrastructure, including roads, airports, seaports, launch of river transport. We have announced the first tenders for concession of the Olvia and Kherson seaports. We are also preparing new tenders for Ukrainian airports and seaports, as well as concession projects for road. We are inviting Turkish businesses for active participation in them and we hope you will invest in this sector,” he said during the Ukrainian-Turkish Business Forum in Kyiv on Monday.

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TURKISH PRESIDENT RECEP TAYYIP ERDOGAN TO VISIT UKRAINE ON MONDAY

Turkish President Recep Tayyip Erdogan will visit Ukraine on Monday, February 3, the press service of Ukrainian President Volodymyr Zelensky has reported. During the visit, a meeting with Zelensky and the holding of the eighth meeting of the Ukraine-Turkey High Level Strategic Council are planned. The parties will discuss ways to deepen strategic partnership and cooperation in all areas, after which the signing of Ukrainian-Turkish bilateral documents and a joint meeting with media representatives at 13:40 at the Mariyinsky Palace are expected.
Zelensky and Erdogan will also visit the Ukrainian-Turkish business forum, which will be held at the Ukrainian Chamber of Commerce and Industry.

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PRESIDENT OF UKRAINE: UKRAINE SHOULD BECOME INVESTMENT MECCA

President of Ukraine Volodymyr Zelensky, speaking at the World Economic Forum in Davos, called on international investors to become “architects of the success of the new Ukraine.” “Ukraine should become an investment mecca of Eastern and Central Europe. The main driver for economic development is the ability to make profit. And we are one of the few countries that now allows earning such a high return on invested capital. Today we are underinvested and disliked,” he said.
Zelensky called on investors to invest in Ukraine.
“Today, the pragmatic and petrified world is sorely lacking a miracle. And the world economy, which is on the verge of a new global crisis, needs an economic miracle. Ukraine is exactly the place where miracles happen. And my goal is to make Ukraine appear in textbooks next to the cases of Japan, South Korea and Singapore. Therefore, join in!” he said.
The president pointed out that the new Ukrainian authorities are creating equal rules of the game for everyone, cleansing the judicial system, digitalizing processes, implementing vital reforms and adopting vital laws.
“We have everything to become a successful country. Favorable climatic conditions, a very favorable geographic location, an inexhaustible agricultural and industrial potential, and our most valuable resource are incredibly creative and very talented people who are in the top 50 in the Human Capital Index rating,” he noted.

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PRESIDENT OF UKRAINE TO VISIT ISRAEL

President of Ukraine Volodymyr Zelensky will make a working visit to Israel through January 23-24 to take part in the events as a part of the World Holocaust Forum, the President’s Office reported. “Through January 23-24, President of Ukraine Volodymyr Zelensky will make a working visit to Israel to take part in the commemoration events as a part of the World Holocaust Forum devoted to the 75th anniversary of liberation of Auschwitz concentration camp,” reads the report.
The program also foresee talks of Zelensky with the Israeli leadership and a meeting with the country’s business leaders.

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PRESIDENT OF UKRAINE SIGNS LAW ON COUNTERING RAIDING

President of Ukraine Volodymyr Zelensky has signed the law on amending the Land Code of Ukraine and some other legislative acts to combat raiding adopted by the Verkhovna Rada on December 5, 2019.
According to information on the website of the Verkhovna Rada of Ukraine, on January 13 the document was returned with the signature of the president.
As reported, bill No. 0858 establishes that if a party to the contract wishes to refuse to automatically renew the land lease, then no later than 30 calendar days before the expiration of the contract, it must submit an application to the state register of property rights. In the absence of such a statement after the relevant expiration date of the contract, it is extended for the same period and with the same conditions.
The lease payment for land plots of state and municipal property leased at land tenders cannot be reduced by agreement of the parties during the term of the lease, as well as upon its renewal, as indicated in the document.
The bill also provides for the establishment of a guarantee contribution amount per lot at the level of 5% of the starting price for the sale of a land plot and 50% of the starting amount of the annual fee for using a land plot, but not less than 500 tax-free minimum incomes of citizens and not more than 5,000 tax-free minimum incomes of citizens.

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IRANIAN PRESIDENT OFFERS CONDOLENCES, DEEPLY REGRETS DISASTROUS MISTAKE

Iranian President Hassan Rouhani has called the crash of the Ukrainian plane “a great tragedy” and “an unforgivable mistake.” “My thoughts and prayers go to all the mourning families. I offer my sincerest condolences,” he wrote on Twitter.
“Armed Forces’ internal investigation has concluded that regrettably missiles fired due to human error caused the horrific crash of the Ukrainian plane & death of 176 innocent people,” Iranian president said.

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