Business news from Ukraine


The debut International Defense Investment Forum, dedicated to the search for new directions in the development of Ukraine’s defense industry, which featured about 20 investment projects, was held in Kyiv at the Sikorsky Challenge (National Technical University of Ukraine “Ihor Sikorsky Kyiv Polytechnic Institute”) on Thursday.
“The authorities have an understanding of the existing problems and the need to take all measures aimed at improving the current investment climate in the country,” Deputy Prime Minister for Strategic Industries Oleh Urusky said, opening the forum.
He said that the recently adopted laws On Defense Procurement should remove excessive secrecy in the defense industry and ensure transparency of procurement and On the peculiarities of reforming the state-owned defense industry should facilitate the attraction of investment and private business in the sector, according to which on the basis of Ukroboronprom two holding companies will be created.
Urusky also said that the Ministry for Strategic Industries of Ukraine has developed a Strategy for the Development of Ukraine’s Defense Industry until 2030. According to him, given the nature of modern wars and conflicts, the main directions in the development and production of domestic weapons and military equipment were: automated control systems; rocket and space technology; high-precision means of destruction, ammunition and products of special chemistry; means of electronic warfare; unmanned platforms and shock robotics; “soldier of the future” equipment.
During the forum, which was attended by a delegation from the UAE led by the Mariam bint Mohammed Saeed Hareb Almheiri, about 20 investment projects were presented in three areas: high-precision weapons and ammunition; robotic equipment: air, ground and marine components; automation of control and communication system.
In particular, “Shock unmanned aerial vehicle complex with barrage ammunition ST-35 Thunder (LLC NPP Athlon Avia), Organization of lines for the production of large caliber cartridges 12.7×99; 12.7×108; 14,5х114 for small arms (LLC Stiletto Ukraine) and Unmanned robotic platforms Scorpion 2 and Dwarf scout (LLC Infocom).
Among other projects – “Universal robotic remote-controlled combat module/Project ACHILLES” (LLC Diamond Defense Systems), Light BPAK battlefield Yatagan-2 with a swarm function (LLC First Contact).

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Metinvest, an international vertically integrated mining and metallurgical group of companies, will act as the general partner of the international forum “Decarbonization of the Steel Industry: a Challenge for Ukraine,” which will be held in Kyiv on July 14, 2021.
According to the company’s press release, an event on the topic that has been discussed by the entire international community in recent years will be held in Ukraine for the first time.
As noted, for many years of operation, Metinvest has been striving to reduce the negative impact of production on the environment. Over the past 10 years, the group has allocated more than $ 3.4 billion for environmental initiatives and is committed to further reducing its carbon footprint to combat climate change.
Meanwhile, achieving carbon neutrality will be a big challenge for Ukrainian companies, as it involves a complete change in production processes and supply chains. In addition, the necessary technologies that will make the country’s economy carbon-free are only at the research stage. To develop a detailed roadmap for the transition to a “green” industry requires interaction between manufacturers, engineering companies, consumers, suppliers and the government.
Yuriy Ryzhenkov, the director general of Metinvest, stressed that the industry is facing a serious task that will affect the life of the entire country.
“Decarbonization can completely change both production and technologies. The sooner business and the state develop a unified approach to achieving carbon neutrality, the easier this process will be for the Ukrainian economy,” the top manager stated.
The forum is organized by GMK Center, an information-analytical and consulting company working in the field of metallurgy and industry. At the forum it is planned to discuss issues related to decarbonization of steel production, existing and promising technologies, plans of companies to reduce CO2 emissions and interaction with the state in this direction. The event will be attended by the representatives of mining and metallurgical companies, international engineering, consulting and R&D companies, as well as government officials, business associations and industry experts.

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The Servant of the People political party plans to hold a large-scale forum in Kyiv in autumn with the participation of Ukrainian President Volodymyr Zelensky and more than 7,000 local deputies, head of the political force Oleksandr Korniyenko said.
“In autumn, we will organize a very large-scale forum. It will be even more than a regular congress. We want to gather all our local deputies – and this is more than 7,000 people, to invite President Volodymyr Zelensky,” Korniyenko said in a comment to the Interfax-Ukraine news agency.
According to him, this will be the first time in the history of Ukraine when deputies from all over Ukraine – from big cities to small communities – will be at the forum together.
He also said that the event will be organized in a secure manner due to the COVID-19 coronavirus pandemic.

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From June 22 to June 24, the All-Ukrainian Forum Ukraine 30 will continue its work, its theme will be “Healthy Ukraine.”
According to the announcement on the Forum website, at 10:15 on June 22, President Volodymyr Zelensky will inspect 12 sports zones on the roof of the Parkovy Congress and Exhibition Center, after which he will open the Forum with a presentation of the national program Healthy Ukraine at 10:30.
“On this day, the speakers will also talk about the popularization of sports, and the star participants in the sessions will talk about the fashionable trend to be healthy and reveal the secrets of a healthy lifestyle,” the organizers said.
Head of the President’s Office of Ukraine Andriy Yermak, Minister of Health Viktor Liashko, Minister of Youth and Sports of Ukraine Vadym Huttsait, Deputy Minister of Education and Science Vira Rohova, President of the National Olympic Committee Serhiy Bubka, President of the Ukrainian Rhythmic Gymnastics Federation Irina Deriugina, President of the Ukrainian Badminton Federation, Head of the Staff of the President’s Office of Ukraine Oleksiy Dniprov, and gymnast Hanna Rizatdinova are expected to participate in the Forum on June 22.
On June 23, on the second day of the Forum, at 10:30, chef, author of the new school menu, Yevhen Klopotenko will speak.
At 11:30, First Lady Olena Zelenska will talk about school meal reforms and the campaign for a culture of healthy eating and healthy eating habits.
In addition, on this day, Minister of Health Viktor Liashko, Minister of Education and Science Serhiy Shkarlet, and Head of the State Service of Ukraine on Food Safety and Consumer Protection Vladyslava Mahaletska will speak.

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On Tuesday, June 15, President of Ukraine Volodymyr Zelensky and Prime Minister Denys Shmyhal will take part in the “Ukraine 30. Economy without oligarchs” All-Ukrainian Forum, which will be held in Kyiv on June 14 to June 16.
According to the forum’s program, the opening of the Ukraine 30. Economy without oligarchs All-Ukrainian Forum is scheduled for Monday, June 14, with the participation of Prime Minister Shmyhal at 10:30.
On Tuesday, June 15, President Volodymyr Zelensky will speak at 10:30, and Prime Minister Shmyhal will speak at 10:40.
On Wednesday, June 16, the third day of the forum will be opened by Head of the State Property Fund Dmytro Sennychenko.

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It is with great excitement we announce that Ukrainian Energy Forum returns to serve as the annual meeting place for international energy leaders on 14-16 July at Parkovy Congress and Exhibition Centre, Kyiv.

With this invitation via Interfax Ukraine you are entitled to a 15% discount.

Simply quote your VIP code: EUC017mINT.

It is our ambition to provide in-person networking in a socially distanced manner that meets all the COVID safety standards. Your safety is our priority, that’s why we have been working on making sure that our meeting space meets all the requirements and has plenty of access to outdoors networking possibilities. For more information on online participation please visit here >>

As we are preparing the draft agenda, which will be available on our website shortly, we wanted to give you a taster of what topics you can expect to be discussed this July:
• Addressing current market imbalances
• Progress on implementation of the Third Energy Package
• Distribution System Operators’ modernisation
• Renewables sector update
• Ukrainian contribution to the path of de-carbonisation
• Encouraging investment in alternative power sources
• Strategic overview of the market by top policymakers, domestic and European regulators and leading energy companies
• Regional gas market integration
• 10 year GTSO development plan
• Expectations, obstacles and needs for the new Production Sharing Agreements
• Incentives for new investments into production and mechanisms for cooperation
• Developing offshore, deep drilling, hard-to-recover hydrocarbon production technologies

To view our 2020 speaker line up of highest caliber visit here
We look forward to seeing familiar and new faces in July, offline or online!
If you have any enquiries or suggestions do not hesitate to contact Anna Kuzminskaya: +380 63 7673207

For detailed information and registration follow the link >>

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