Business news from Ukraine

UKRAINE WANTS TO TAKE PART IN PROJECTS IN EGYPT WORTH $200, $80 MLN – MODERNIZATION OF STEEL WORKS AND RECONSTRUCTION OF A COKE-OVEN BATTERY

Ukraine seeks to take part in several projects in Egypt, in particular projects on modernization of a steel works and reconstruction of a coke-oven battery for a company, Ukraine’s First Deputy Prime Minister, Minister for Economic Development and Trade Stepan Kubiv has said. “Ukraine is ready to undertake several projects in Egypt. The first one is modernization of Helwan steel works worth some $200 million and reconstruction of a coke-oven battery for El Nasr for Coke & Chemicals worth some $80 million,” Kubiv wrote on his Facebook page after a meeting with the minster for state-owned companies of Egypt who visited Ukraine with the purpose of attracting Ukrainian specialists to construction and modernization of Egyptian state-owned enterprises.
Kubiv also said that last year goods flow between Ukraine and Egypt reached almost $2 billion, and trade with services grew by 62% in 2017 compared with 2016.

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UKRAINE AND EGYPT DISCUSS SPECIFIC BILATERAL ECONOMIC PROJECTS

President of Ukraine Petro Poroshenko and President of the Arab Republic of Egypt Abdel Fattah el-Sisi have discussed issues of trade and economic cooperation during a telephone conversation. “The president of Egypt noted the friendly relations between the peoples of the two countries and stressed the Egyptian side’s readiness to expand trade and economic cooperation with our state. It was about the implementation of specific bilateral economic projects,” the presidential administration’s press service reported.
Poroshenko congratulated Abdel Fattah el-Sisi with a convincing victory in the presidential elections held in March 2018.
The Ukrainian president also noted the need to intensify the bilateral dialogue at all levels.
“The prospects for holding the next meeting of the Intergovernmental Joint Commission on Economic, Scientific and Technical Cooperation between Ukraine and Egypt were separately discussed,” the message reads.
Poroshenko invited el-Sisi to visit Ukraine.

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