Business news from Ukraine

EGYPT-UKRAINE BUSINESS COUNCIL TO BOOST COOPERATION BETWEEN COUNTRIES

The restoration of the Egypt-Ukraine Business Council will be on the agenda of the intergovernmental bilateral meeting in June, which will be held in Egypt, Ambassador Extraordinary and Plenipotentiary of the Arab Republic of Egypt Ayman Ahmed Mokhtar Elgammal has said in an exclusive interview with Interfax-Ukraine.
He said that the Egypt-Ukraine Business Council will consist of representatives of Ukrainian and Egyptian business.
The Ambassador said that the Chambers of Commerce of both countries will present participants who are interested and have experience in doing business both in Ukraine and in Egypt. The council’s activities will also be aimed at promoting business and bilateral investments, holding various sectoral specialized exhibitions in both countries. Thus, since the council includes both sides, it will be clearer for business how to invest in Ukraine, Elgammal said.
The ambassador recalled that the Egypt-Ukraine Business Council was created ten years ago, but has been inactive in recent years.
The focus of activity (of the council) is not limited to investments. All types of business activities, investments, co-production, joint ventures and projects depending on the sector – everything will be promoted by this council, Elgammal said.
He is convinced that obtaining information on investment opportunities in Ukraine and Egypt through the council will be much faster and easier than through government institutions in both countries.

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U.S. AND UKRAINE TO HOLD TRADE AND INVESTMENT COUNCIL

Deputy Minister of Economy, Trade Representative of Ukraine Taras Kachka and U.S. Trade Representative Katherine Tai agreed to hold a Trade and Investment Council.
“We talked about the need to strengthen dialogue on climate change, non-tariff rules for industrial and food products both in the context of strengthening the World Trade Organization (WTO) and on the bilateral track. We agreed to hold a Council on Trade and Investment and talk,” Kachka wrote on Facebook on Wednesday following a discussion with Tai on key trade issues held on May 11.
During the conversation, Tai expressed support for the idea of free production of vaccines (waiver), he said.
“We expressed our support. Ukraine is ready to act as a compressor of the waiver initiative and to convince the EU that it is necessary,” Kachka said.
With regard to duties on metallurgical products, the United States, according to Kachka, is ready to seek an individual approach to metal trading in order to overcome the problem of overcapacity.
“We explained that the duties and the EU measures applied later ended in the opposite direction in terms of overcapacity [excess capacity]. In general, Ukraine is more likely a partner of the West in transforming metallurgy,” Ukrainian trade representative added.

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UKRAINIAN PRESIDENT CREATES COUNCIL TO IMPLEMENT BIG CONSTRUCTION PROJECT

Ukrainian President Volodymyr Zelensky by his decree ordered to create the coordination council to implement the Big Construction project led by Deputy Head of the President’s Office Kyrylo Tymoshenko.
“To establish a coordination council for the implementation of the Big Construction program as an advisory body under the President of Ukraine, which main task is to monitor the situation and develop proposals for implementing effective measures to implement the Big Construction program,” Zelensky said in decree No. 246/2020 dated June 23, posted on the president’s website.
By the same decree, Zelensky decided to establish that this coordination council is authorized to receive the necessary information, documents and materials from the government and local governments, enterprises, institutions, organizations; invite to meetings and hear information from representatives of ministries, other central and local executive authorities, heads of state-owned enterprises, institutions and organizations on issues within its competence.
Zelensky by this decree approved the staff of the council.
So, Tymoshenko was appointed the head, and the council also includes Minister of Infrastructure of Ukraine Vladyslav Krykliy, Minister of Health Maksym Stepanov, Minister of Development of Communities and Territories Oleksiy Chernyshov, Head of the State Automobile Roads Agency Oleksandr Kubrakov, First Deputy head of the President’s Office Serhiy Trofimov, and Deputy Head of the President’s Office Yulia Sokolovska.
The coordination council also includes Director General of the Directorate for Regional Policy and Decentralization of the Government of Ukraine Olha Buhai, Director of the Department for Infrastructure and Technical Regulation of the Secretariat of the Cabinet of Ministers Natalia Kozlovska (by her consent), Advisor to the head of the Government of Ukraine Mykhailo Podoliak and Advisor to the Minister of the Cabinet of Ministers Olena Symonenko (by consent).
This decree comes into force on the day of its publication.

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UKRAINIAN PRESIDENT ESTABLISHES COUNCIL OF EXPERTS ON ENERGY SECURITY

The Ukrainian President has established the Council of Experts on Energy Security, the press service of the National Security and Defense Council (NSDC) has reported.
“[NSDC Secretary Oleksiy] Danilov informed the audience that in order to ensure an effective response of the state to threats to energy security and identify strategic directions for the development of the state’s fuel and energy complex, taking into account the latest world trends, the President of Ukraine established the Council of Experts on Energy Security, which will be the highest advisory body for the Head of State and the National Security Council of Ukraine on energy issues,” the press service said.
Danilov said that to prepare recommendations for the Council of Experts and ensure its work, a working group on the development of the hydrogen economy has been set up at the Staff of the National Security and Defense Council of Ukraine.
“During the meeting, a number of measures were agreed to organize the effective work of the group in order to submit to the country’s leadership proposals for innovative approaches to the development of non-traditional energy sources,” the press service said.
The working group on hydrogen economy development should prepare and submit to the Council of Experts on Energy Security proposals on developing the hydrogen economy in Ukraine.
The NSDC Secretary stressed the urgency of developing the hydrogen economy: “This issue is extremely important in today’s world. Ukraine has great potential in this area, which we must use it.”
“Today we have specialists, resources, and investors. To get real results, we need to combine the efforts of science, business, and government,” he said.

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CURRENT SECRETARY OF NATIONAL SECURITY COUNCIL OF UKRAINE CONFIRMS HIS INTEREST IN POSITION OF PM

Secretary of the National Security and Defense Council of Ukraine Oleksandr Danyliuk has said that he is interested in the post of Prime Minister of Ukraine.
“I won’t lie that I am interested,” Danyliuk said in an interview with TSN.Tyzhden, answering the question whether he is interested in the position of the head of the Ukrainian government in the future.
In turn, the journalist noted that Dmytro Razumkov, the leader of the Servant of the People Party, could claim the post of prime minister.
“There are many of those who want it. But that is not the point,” answered the Secretary of the National Security and Defense Council.

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