Business news from Ukraine

UKRAINIAN STATE AIR TRAFFIC SERVICES ENTERPRISE AND GERMAN THALES DEUTSCHLAND GMBH TO COOPERATE

The Ukrainian State Air Traffic Services Enterprise (UkSATSE) and the German company Thales Deutschland GmbH have signed an agreement to supply five sets of modern comprehensively targeted range-finding radio beacons, the UkSATSE said on its website. New beacons will be installed throughout Ukraine and will improve the quality of navigation services in the relevant areas of the airspace of Ukraine.
The project is funded by a credit from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB). Equipment was purchased in accordance with EBRD rules and procedures.
“The characteristics of all navigation devices installed by the UkSATSE comply with ICAO standards and recommended practices and the national certification requirements,” the report said.
The company also notes that the UkSATSE has been cooperating with the leading German manufacturer of air navigation equipment Thales for about 20 years.

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GERMAN AND DANISH COMPANIES BUILD PROTEIN SUPPLEMENTS PLANT WORTH $10 MLN IN UKRAINE

European Protein Ukraine LLC has built a plant for production of high-protein supplements intended for fattening animals worth about $10 million in the town of Rokytne (Kyiv region). According to the company, the capacity of the new enterprise is 6,000 tonnes of finished products per month. This allows meeting the needs of both the domestic market and the markets of Europe, the Middle East, and Asia. The construction of the plant was started about two years ago. Its official opening is scheduled for June 15, 2018.
The founders of the European Protein Ukraine LLC are Germany’s Agrolife GmbH and Danish-based Fermentationexperts AS, which at the same time owns the technology of production protected by many patents.
The company said now there are two similar plants in the world.
Fermentationexperts AS is a manufacturer of fermented animal feed. The company’s headquarters is in Denmark. Currently it has manufacturing facilities in the United States, Ukraine, and Denmark.
Agrolife GmbH is a supplier of oilseeds, grains and feed additives for livestock in the markets of Germany, the EU, and Ukraine.

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GERMAN ECONOMY MINISTER PETER ALTMEIER INTENDS TO DISCUSS ENERGY ISSUES WITH UKRAINE AND RUSSIA IN MID-MAY

Federal Minister for Economic Affairs and Energy Peter Altmeier intends to make visits to Russia and Ukraine, the German news agency DPA has reported referring to the sources in the cabinet of the Federal Republic of Germany on Monday. According to it, the trips are scheduled for May 13 and May 14.
It is expected that the head of the German Economy Ministry will discuss energy and economic policy with his counterparts in Russia and Ukraine.
The key topic of the negotiations should be the future of the Nord Stream 2 gas pipeline project and Ukraine as a transit state for Russian natural gas supplies to Europe.

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PRESIDENT OF UKRAINE TO GERMAN HANDELSBLATT: MANY INFLUENTIAL COMPANIES COME TO UKRAINE

President of Ukraine Petro Poroshenko says that the reforms implemented in Ukraine are aimed at improving the investment climate. “We are resolutely implementing reforms to improve the investment climate significantly. The evaluation of the World Bank can be more trustworthy than the words of the president. In the Doing Business rating, Ukraine got from the 137th place, before my presidential term, to the 76th place – last year. No country has shown such dynamics. And we do everything possible to get to the top 50 shortly,” Poroshenko said in an interview with the German Handelsblatt business newspaper, quoted by the presidential press service on Monday.
According to Poroshenko, there was a thorough reform of the tax industry in Ukraine, reform in the education, medical and pension sectors, as well as energy sector in terms of state procurement and privatization, which the IMF did not initially believe in. Ukraine also carried out a revolutionary reform of the banking sector. “All these are very unpopular, yet required steps,” he said.
The president added that following the results of the competition for obtaining licenses for the use of 4G communications by mobile operators, Ukraine got UAH 8 billion instead of the expected UAH 5 billion.
“The most important thing is the opinion of investors, and many influential companies have come or returned to Ukraine,” the president said.

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