Business news from Ukraine

ALSTOM INTERESTED IN COOPERATION WITH UKRAINIAN RAILWAYS

France’s Alstom, the producer of rolling stock and infrastructure solutions, is interested in cooperation with public joint-stock company Ukrzaliznytsia, Managing Director for Western and Central Asia at Alstom Bernard Peille said during the presentation of the first freight electric locomotive for Azerbaijan Railways in Astana (Kazakhstan), an Interfax-Ukraine correspondent has reported.
“We recently held talks with Ukrzaliznytsia. According to them, they will need about 210 locomotives of four different types in the next five years. Basically, as we know, they are freight locomotives. We are ready to do this, but everything depends on financing, as well as on what percentage of localization is required,” he told Interfax-Ukraine.
Peille also said that Alstom is actively seeking various options for financing supplies of traction to the Ukrainian railways.
Prima T8 AZ8A freight electric locomotive presented in Astana on Wednesday is made under a contract signed by the company and Azerbaijan Railways for supply of 50 locomotives, including Prima M4 AZ4A passenger locomotives.

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UKRAINE WANTS TO BROADEN COOPERATION WITH G7 MEMBER STATES

Ukraine is ready to broaden cooperation with G7 member states on many issues, ranging from security to gender equality, Ukrainian Prime Minister Volodymyr Groysman told Canadian Foreign Minister Chrystia Freeland at a meeting. “We are grateful for the support for Ukraine at talks with international partners and for measures to counter the Nord Stream 2 gas pipeline project,” the government’s website cited Groysman as saying.
Groysman and Freeland met on the sidelines of the second Ukraine Reform Conference in Copenhagen during the Ukrainian prime minister’s visit to Denmark. The sides signed a bilateral energy cooperation document, in particular, with participation of Canada’s ICORE NFP.

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UKRAINE, EU PLAN TO DEVELOP COOPERATION UNDER OBSERVATION PROGRAMME

The State Space Agency of Ukraine (SSAU) and the European Commission (EU) signed the Copernicus Cooperation Arrangement formalizing plans to develop cooperation under the Copernicus Earth observation programme.
The EU delegation to Ukraine said that under the Arrangement signed in line with the European Neighbourhood Policy (ENP) and Eastern Partnership, SSAU would provide full, free and open access to space monitoring data from its Earth remote sensing satellites, as well as to geophysical and meteorological data of regional observatories to the Copernicus programme.
According to the document, it is planned to boost cooperation between SSAU, the European Space Agency (ESA) and the European Organisation for the Exploitation of Meteorological Satellites (EUMETSAT) in the sphere of collection and use of data of space monitoring from European Sentinel satellites of the Copernicus programme.
Under the Arrangement, the sides would promote cooperation in processing space monitoring data for joint use in the following areas: long-term management of natural resources, monitoring of marine and coastal zones, water resources management, the impact of climate change and adaptation to them, disaster risk reduction, food security and rural development, and health management issues.
Each side will fund its own activities under the programme and adhere to the principle of ‘no exchange of funds.’ The National Center Of Space Facilities Control And Test would coordinate the programme in Ukraine.

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POROSHENKO CONFIDENT IN CONTINUATION OF COOPERATION WITH IFIS

Ukrainian President Petro Poroshenko is confident that Ukraine will continue cooperation with international financial institutions (IFIs).
“It is clear that the achievement of macroeconomic stability has become possible, first of all, thanks to cooperation with international financial institutions. I am firmly convinced that we will continue cooperation in the future, because we are the only team in Ukraine’s history that ensured the implementation of six consecutive memorandums with the IMF [International Monetary Fund]. Before that, they promised, they took money and forgot to carry out reforms,” the head of state said at a meeting of the National Investment Council in Kyiv on Friday.
At the same time, he added that the IMF funds are sent to the country’s forex reserves, which in the past four years grew 3.5-fold, to $18 billion.
“Despite the fact that Ukraine paid more than $4 billion this year, forex reserves now amount to $18 billion. Compare with the situation that was late 2014 – early 2015: forex reserves – $5 billion, and you had to pay $8 billion. How could we avoid default? They believed us, and today the most difficult period also passed, and in these four years the forex reserves grew 3.5-fold. This is the answer where are the funds of the IMF. They are carefully preserved in the forex reserves of the country,” Poroshenko said.

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SCIENTIFIC COOPERATION BETWEEN CHINA AND UKRAINE MUST REACH NEW LEVEL – CHINESE AMBASSADOR

Chinese Ambassador to Ukraine Du Wei believes that Sino-Ukrainian cooperation in the scientific sphere should reach a new level. He stressed the importance of developing scientific, technical and innovative cooperation between the two countries. “At the moment, China’s development has entered a new era, so Sino-Ukrainian cooperation should also enter a new era,” he said during a solemn celebration of the Day of Science at the Ministry of Education and Science of Ukraine on Friday.
The Chinese envoy said development of scientific, technical and innovative cooperation is very important. During the event, the Cabinet of Ministers of Ukraine awarded prizes for the development and implementation of innovative technologies.
As reported, on May 11, the Cabinet awarded five government prizes of UAH 200,000 for the development and implementation of innovative technologies.

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UKRAINE AND SLOVENIA SIGN MEMOS OF COOPERATION IN ECONOMIC SPHERES

Representatives of Ukraine and Slovenia have signed two memorandums: the memorandum of understanding to strengthen economic cooperation and the memorandum of understanding in technical cooperation in the sphere of geodesy.
An Interfax-Ukraine correspondent has reported that after Ukrainian-Slovakian negotiations chaired by Ukrainian President Petro Poroshenko and Slovenian President Borut Pahor on Friday in Kyiv representatives of the delegations of the two countries signed the memorandum of understanding between the Economic Development and Trade Ministry of Ukraine and the Economic Development and Technologies Ministry of Slovenia on deepening economic cooperation.
The sides also signed the memorandum of cooperation and scientific and technical cooperation between the State Service of Ukraine for Geodesy, Cartography and Cadastre and the similar service of Slovenia.

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