Business news from Ukraine

Business news from Ukraine

PRESIDENT OF UKRAINE ACCEPTS CREDENTIALS FROM AMBASSADORS OF GERMANY, FINLAND, KOREA, SOUTH AFRICAN REPUBLIC, SLOVENIA

President of Ukraine accepted credentials from ambassadors of a number of foreign states: the Republic of Korea – Chang-Kwon Chi, the South African Republic – Andre Johannes Groenewald, the Republic of Slovenia – Tomaz Menzin, the Federal Republic of Germany – Anka Feldhusen, the Republic of Finland – Päivi Maarit Laine. During the conversation with Ambassador of the Republic of Korea to Ukraine Chang-Kwon Chi, the parties discussed issues of strengthening political dialogue at the highest level between Ukraine and South Korea as well as prospects of trade, economic and investment cooperation, the presidential press service said on Wednesday.
“The issue of introducing a visa-free regime for Ukrainian citizens was discussed, which would facilitate the development of interpersonal contacts,” it says.
The president invited President of the Republic of Korea Mun Zhe Ying to visit Ukraine.
During the conversation with new Ambassador of the South African Republic to Ukraine Andre Johannes Groenewald, the president of Ukraine emphasized the importance of strengthening political dialogue.
According to Zelensky, Ukraine considers the South African Republic as a prospective partner in Africa and is focused on more intensive cooperation in all spheres.
“Special attention was paid to the discussion of trade and economic cooperation, in particular prospects of Ukrainian-South African business forum which would be held this year,” the message reads.
President of Ukraine spoke out about the establishment of closer and constructive bilateral cooperation between Ukraine and the Republic of South Africa within the framework of its non-permanent membership in the United Nations Security Council.
The president of Ukraine also invited President of the Republic of South Africa Matamela Cyril Ramaphosa to visit Ukraine in the framework of the official visit.
The president thanked Ambassador of the Republic of Finland to Ukraine Päivi Maarit Laine for consistent support of the territorial integrity and sovereignty of Ukraine, as well as the substantial humanitarian and expert assistance provided by Helsinki to Ukraine at the bilateral level. Particular attention was paid to the practical assistance provided by Finland in implementing systemic reforms, in particular in the field of school education and energy efficiency.
During the conversation with Ambassador of the Republic of Slovenia to Ukraine Tomaz Menzin the president of Ukraine thanked Slove nia for the consistent political support of the territorial integrity and sovereignty of Ukraine. Zelensky appreciated the assistance of Slovenia in promoting the rehabilitation of 400 children from Ukraine whose parents had died as a result of Russian aggression.
During the conversation with Ambassador of the Federal Republic of Germany Anka Feldhusen the head of state thanked the German side for the continued support of Ukraine in countering Russian aggression, as well as substantial financial and technical assistance to facilitate the process of structural reforms in Ukraine.
“During the meeting, the main focus was on discussing the security situation in Donbas and a set of further steps to revitalize the peace process. The importance of continuing international pressure on the Russian Federation to ensure its implementation of the decision of the International Tribunal for the Law of the Sea was emphasized,” the presidential website says.
President of Ukraine also expressed hopes for the preservation of the traditionally active political dialogue at the highest level in the future.
In addition, the parties discussed the issue of involving German business representatives to work in Ukraine and the creation of joint enterprises.

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PRESIDENT WANTS TO DISMISS VITALIY KLITSCHKO FROM POST OF KYIV STATE ADMINISTRATION HEAD

The Office of the President of Ukraine has asked the Cabinet of Ministers to submit a request for the dismissal of head of the Kyiv City State Administration Vitaliy Klitschko, press secretary of the Prime Minister Vasyl Riabchuk said.
“We’ve received such an appeal, now it is being processed in the prescribed manner,” Riabchuk told the Interfax-Ukraine news agency.

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OLEKSIY TYMOFEYEV PROMISES TO ATTRACT $100 MLN IN UKRAINE ON YEARLY BASIS IF PRESIDENT IMPLEMENTS REFORMS

The chief operating officer of U.S.-based Trident Acquisitions Corp., the ex-head of Smart-Holding, Oleksiy Tymofeyev, launches a challenge to attract investment in Ukraine if the Servant of the People party fulfills the promised reforms. “If Zelensky’s team fulfills its checklist of reforms, I pledge to personally bring to Ukraine at least $100 million in direct investment per year. Each has its own Ironman [the triathlon competition]. I have one,” he said on Facebook.
The candidate for people’s deputy from the Servant of the People party, David Arakhamiya [also knows as David Braun], who was appointed member of the Ukroboronprom supervisory board by the president of Ukraine in July, noted in his commentary to Tymofeyev “I’ll hold you to that!”
Chairman of the board of ATF Bank (Kazakhstan), the ex-director for business development at Nova Poshta, Serhiy Kovalenko, also said in comments that he is ready to support the initiative with an investment amount of $50 million.
The manager of the asset development and valuation department of DTEK Oil&Gas, Yuriy Moroz, in turn, wrote that he would run the Ironman competition if Tymofeyev attracts the promised investments.

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NEW PRESIDENT OF UKRAINE DISMISSES AMBASSADORS TO 11 COUNTRIES INCLUDING U.S., CYPRUS, ARGENTINA, VATICAN

President of Ukraine Volodymyr Zelensky, by his decrees, has dismissed Ukrainian ambassadors in 11 countries. Presidential decrees dismiss Valeriy Chaly from the post of Ukrainian ambassador to the U.S., to Antigua and Barbuda and Trinidad and Tobago (part-time), Ambassador of Ukraine to Armenia Petro Lytvyn, and Ambassador to Turkmenistan Valentyn Shevaliov, the official website of the president reported.
Ambassador of Ukraine to the Republic of Cyprus Borys Humeniuk, ambassador to Argentina and part-time to Paraguay, Uruguay and Chile, Yuriy Dudin, were dismissed.
Ambassador to Vietnam and part-time to Cambodia, Oleksiy Shovkoplias, ambassador to Morocco Yaroslav Koval, and ambassador to Jordan Serhiy Pasko, were also dismissed.
Zelensky fired ambassador of Ukraine to Nigeria and part-time to Ghana, Benin and Sierra Leone, Valeriy Aleksandruk, and ambassador to South Africa Taras Kuzmych.
In addition, Ambassador of Ukraine to Vatican and part-time to the Sovereign Military Hospitaller Order of Saint John of Jerusalem, of Rhodes and of Malta, Tetiana Izhevska, was also dismissed.

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PRESIDENT OF UKRAINE DISCUSSES WITH OWNER OF VIBER OPENING COMPANY’S OFFICE IN KYIV

President of Ukraine Volodymyr Zelensky and founder of the Japanese Internet company Rakuten Hiroshi Mikitani have discussed plans to enhance the company’s presence in Ukraine, in particular the expansion of the office in Odesa and the opening of a new office in Kyiv. Zelensky and Mikitani met on June 25, the presidential website said.
In Ukraine, Rakuten is best known as the owner of the Viber service.
Hiroshi Mikitani says Ukraine is a priority market for Rakuten. He expressed his willingness to support the idea of increasing the number of investment projects from Japan.
He also approvingly responded to Zelensky’s initiative “The State in a Smartphone” and expressed a desire to cooperate closely under this project, since Viber is an integral part of the smartphone of most Ukrainians.
Following the meeting, Zelensky invited Mikitani to join the National Investment Council whose secretary is IT entrepreneur David Arakhamia.

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UKRAINIAN PRESIDENT RESHUFFLES NATIONAL INVESTMENT COUNCIL

Ukrainian President Volodymyr Zelensky has changed composition of the National Investment Council, appointing himself head of the council.
According to a posting on the website of the head of state, decree No. 423/2019 was signed on June 21.
“The Council includes: the Prime Minister of Ukraine; the Governor of the National Bank of Ukraine (by agreement); the First Vice Prime Minister of Ukraine, Minister of Economic Development and Trade of Ukraine; the Minister of Finance of Ukraine; the Minister of Justice of Ukraine; and also representatives of the Ukrainian and foreign organizations and companies, business circles, experts on issues of attracting investments, development of entrepreneurship, specialists in the field of economics, finance (subject to their consent),” the president said in the amended paragraph 5 of the Regulations on the National Investment Council.
The Council consisting of 29 members was approved by the decree. Candidate to people’s deputies from the Servant of the People Party David Arakhamia is appointed Secretary of the Council. Also, the National Investment Council includes deputy heads of the Presidential Administration Oleksiy Honcharuk and Vadym Prystaiko, president’s advisor Andriy Yermak and president’s advisor Oleh Ustenko.
After the change of its composition, Prime Minister of Ukraine Volodymyr Groysman, First Deputy Prime Minister, Minister of Economic Development and Trade of Ukraine Stepan Kubiv, Minister of Finance of Ukraine Oksana Markarova and Minister of Justice Pavlo Petrenko are left members of the Coucil.
The remaining 19 people were introduced to the board by their consent: these are presidents, CEOs and board chairmen of large international companies and banking organizations.

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