Business news from Ukraine

Business news from Ukraine

EUR 25 MLN GRANT TO BE PROVIDED TO UKRAINE TO DEVELOP DIGITAL ECONOMY, E-GOVERNMENT

The European Commission (EC) is preparing an international project of assistance to Ukraine in the amount of EUR 25 million for the development of the digital economy and e-government. The issues were discussed at a meeting of representatives of the EC with advisor to the President of Ukraine Mykhailo Fedorov in Kyiv on Wednesday.
“During the meeting, representatives of the European Commission reported on the preparation of an international project to assist Ukraine in the amount of EUR 25 million for the development of the digital economy and e-government, and also provided their recommendations for the “State in the Smartphone” concept. Key proposals related to the development of citizen identification, the introduction of an effective structure for managing… the implementation of ambitious tasks,” the press service of Ukrainian President Volodymyr Zelensky said.
In turn, Fedorov told about plans and prospects: “For us, we have very clear plans for the year and key performance indicators until 2024. The “State in the Smartphone” for me is when a Ukrainian can solve any life or business situation online in one click and preferably from a smartphone, when our citizen will forever forget what an official looks like and where he is, when Ukrainians will be able to actively participate in the development of the state through a smartphone.”
First Deputy Head of the State e-Government Agency Oleksiy Vyskub told EC representatives about the eBaby project, through which parents of newborns will be able to get 10 online services.
According to the press service, representative of the Support Group for Ukraine (SGUA) in the European Commission Frank Paul, representative of the Delegation of the European Union in Ukraine Martin Klaucke and Coordinator of the Public Administration Reform Sector of the EU Delegation in Ukraine Serhiy Ladny took part in the meeting at the president’s office.

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UKRAINE, BELARUS, LITHUANIA LAUNCH REGULAR CONTAINER TRAIN

Ukrzaliznytsia jointly with Belarusian and Lithuanian railways has launched the Containerships Train new regular container train running across Lithuania, Belarus and Ukraine.
Ukrzaliznytsia Board Chairman Yevhen Kravtsov wrote on his Facebook page that the train will run between Draugyste (Lithuania) and Brovary (Ukraine) twice a week.
“Last year can be called a “container boom” in Ukrzaliznytsia. The Containerships Train is our 22nd container train running in Ukraine. Competitive delivery speed regardless of weather conditions, regular trips, the understandable schedule. Add to this the decrease in logistics costs on average by 25%. The benefits are undeniable,” he said.
The head of Ukrzaliznytsia said that as part of the first Containerships Train with 65 containers will arrive at the Brovary station in 50 hours. The company plans to organize container transportation to the Odesa seaport.
“Draugyste is located near the port of Klaipeda. So this autumn we are planning another route – to the Odesa seaport. Considering the reorientation of domestic exports to the EU countries and the increase in cargoes addressed to seaports, container shipping will be useful,” Kravtsov said.

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UKRAINE WANTS TO STRENGTHEN TRADE WITH EU

Ukraine is ready for negotiations with the European Union to strengthen trade in 2020 and implement new opportunities, Prime Minister of Ukraine Volodymyr Groysman has reported.
“Today, we sell 43% of exports to the EU market. We have free trade area agreements. In 2018 we revised and increased the quotas (for export). There will be an opportunity to revise trade conditions in 2020 and we are working to expand the volume and “horizon” of trade. Every citizen will benefit from this. This is my priority,” Groysman said on the air of the Svoboda Slova program on ICTV.

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INTERNATIONAL RESERVES OF UKRAINE 6.4% UP TO $20.639 BLN

The international reserves of Ukraine in June 2019, according to preliminary data, increased by 6.4%, to $20.639 billion in equivalent due to the placement of eurobonds by the government and the purchase of currency by the National Bank of Ukraine (NBU) in the interbank market, the NBU said on its website.

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UKRAINE AND CANADA DISCUSS MILITARY COOPERATION

Minister of Internal Affairs of Ukraine Arsen Avakov has met with Minister of National Defense of Canada Harjit Sajjan to discuss the issue of military cooperation between the countries, as well as the purchase of new technology, the press service of the Ministry of Internal Affairs reported. “The interaction of the Armed Forces of Ukraine, the National Guard of Ukraine with the Canadian armed forces and the purchase of new equipment were discussed with the Minister of Defense of Canada,” Avakov said at the 3rd International Ukraine Reform Conference in Ukraine in Toronto.
The parties also discussed security issues in Ukraine, in particular, during the extraordinary parliamentary elections on July 21.
“Today, the issue of security is not only a question of the boundary line of the conflict or the contact line. This is the issue of security in society, the mood of people. Therefore, the mechanism of democratic elections that we now provide is a key component of security,” Avakov said.

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UKRAINE AND CANADA TO WORK ON DEEPENING ECONOMIC COOPERATION AND EXPANSION OF FTA AGREEMENTS

Ukraine and Canada will work on deepening economic cooperation and expansion of the bilateral free trade area (FTA) agreement to the sphere of services and investments, Ukrainian President Volodymyr Zelensky has said. “Trade, economic and investment cooperation have an important place in Ukrainian-Canadian relations, and we would like to strengthen it. Therefore, our sides will work to expand the scope of the bilateral free trade area agreement to services and investments,” he said in Toronto on Tuesday at a joint briefing with Canadian Prime Minister Justin Trudeau after their meeting.
Zelensky said that in the near future these agreements will be translated into documents.
“This means that Ukrainian IT specialists and entrepreneurs from different industries will be able to better cooperate with Canada without leaving Ukraine. This means more jobs, better relations between our countries,” he said.

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