Business news from Ukraine

UKRAINIAN ECONOMY MINISTRY EXPECTS ECONOMIC GROWTH OF 3.7% IN 2020

The Ministry of Economic Development, Trade and Agriculture expects GDP to grow by 3.7% in 2020, Deputy Minister Serhiy Nikolaichuk has said. “Next year, we expect growth to accelerate to 3.7%,” he said during a press briefing.
The minister noted that the updated macroeconomic forecast would be published after it is approved at a government meeting.

,

UKRAINIAN ECONOMY MINISTRY CONTINUES WORKING ON LAUNCH OF EXPORT-CREDIT AGENCY

The Economic Development and Trade Ministry of Ukraine continues working on the creation of a supervisory board of the Export-Credit Agency (ECA) required for the launch of the agency, First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said.
“We have carried out some work and consultations on this issue. I think we will hold another meeting if necessary. We will resolve this issue,” he said at a government meeting in Kyiv.
Prime Minister Volodymyr Groysman reiterated the importance of launching the ECA as soon as possible. At the same time, he added that the delay was due to the fact that the government is launching such a project for the first time.
In addition, Groysman said that the agency will work not so much with its own resources as with tools for attracting resources.
“It is necessary to fill it not with a financial resource, but with tools for access to broad resources, since this is not a question of millions, it is a question of billions, perhaps dozens of billions, to support Ukrainian exports,” he said.
As reported, in February 2018, the Cabinet of Ministers approved the creation of ECA in the form of private joint-stock company and instructed the Economic Development and Trade Ministry to conduct a private placement of its shares.

, ,

ECONOMY MINISTRY STARTS CONTEST OF MICRO PROJECTS FOR EUR 20,000-60,000

Ukraine’s Economic Development and Trade Ministry has announced the start of a second contest of micro projects of non-profitable organizations concerning popularization of local culture, history and natural inheritance in Lviv, Volyn, Zakarpattia, Rivne, Ternopil and Ivano-Frankivsk regions. According to a posting on the ministry’s website, EUR 5.2 million has been provided from the budget of the Poland-Belarus-Ukraine border cooperation program for 2014-2020. The sum of a grant for a project could be from EUR 20,000 to EUR 60,000.
The ministry said that the grant will be provided for cultural, creative and educational events, experience exchange events, preservation of historical and natural inheritance of the border areas and development of local communities.
Bids can be submitted until October 31, 2018. The projects will be selected in June 2019.

,

ECONOMY MINISTRY WANTS TO START PRIVATIZATION OF LARGE COMPANIES FROM SELLING ENERGY COMPANY CENTRENERGO

The Economic Development and Trade Ministry of Ukraine plans to start privatization of large state-owned enterprises (SOE) from the sale of Centrenergo, First Deputy Minister Maksym Nefyodov has said. “Centrenergo could be the first test case, and other facilities would follow it,” he said at a roundtable entitled “Ukraine on the Way of Privatization” in Kyiv on Wednesday.
Acting Head of the State Property Fund of Ukraine (SPF) Vitaliy Trubarov said that after Centrenergo, it is likely that other power supply companies would be privatized. He also said that the start of the privatization of large companies is planned for this autumn.

, , ,