Business news from Ukraine

UKRAINE WANTS TO BUILD BRIDGE ACROSS PIVDENNY BUH WITH JAPANESE HELP

The Cabinet of Ministers of Ukraine approved the draft letter to the government of Japan on the project of construction of bridge across the Pivdenny Buh river in Mykolaiv. The relevant decision was made at a meeting on Wednesday. In the explanatory note it is specified that it is necessary for official confirmation of intention and interest of Ukraine in joint implementation of this construction with the government of Japan and the Japanese agency of international cooperation, and it will also specify the priority of the project for development of Mykolaiv region and Ukraine as a whole.
The text of the letter is not provided.
As it was reported, in January, 2020 the Japanese agency of the international cooperation JICA confirmed cooperation in construction of the bridge in Mykolaiv.
JICA presented the project of construction of the bridge in Mykolaiv in June, 2018.

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PRESIDENT OF UKRAINE ORDERS TO HELP GREECE EXTINGUISH WILDFIRES

President of Ukraine Volodymyr Zelensky has set a task for the government to send 100 Ukrainian firefighters to Greece to help extinguish forest fires.
“I set the task to the government to assist Greece in overcoming the devastating fires in some parts of the country. On Friday, the Cabinet of Ministers is to make a decision to send 100 of our experienced firefighters with the necessary equipment to help Greece,” the head of state said on Twitter on Friday night.

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EC INITIATIVE FOR COAL REGIONS IN UKRAINE TO HELP ATTRACT FUNDING

The initiative for coal regions in transition in the Western Balkans and Ukraine, led by the European Commission, will help them attract funding from a number of international financial institutions (IFIs), according to the announcement of the annual meeting of the initiative on June 23-25, made by the Delegation of the European Union in Ukraine. “The aim of the event is to support open, multi-stakeholder dialogue on coal phase out and just transition towards sustainable energy sources in Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, Serbia, and Ukraine,” according to the announcement.
As noted in the EU Delegation, “the initiative will help coal regions access financing for transition projects or programmes, based on various sources available from the European Commission, the World Bank, the European Bank for Reconstruction and Development, and the European Investment Bank.”
In addition, the initiative contains four other pillars of support. This is a comprehensive stakeholder dialogue, an exchange program between coal mining regions, trainings by the Coal Region Learning Academy and technical assistance.
As stated on the website of the European Commission, the initiative for coal regions with economies in transition in the Western Balkans and Ukraine was launched in December 2020 and aims to help countries and regions move from coal to a carbon-neutral economy. It will support coal regions in the EU’s neighboring countries, namely Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, Serbia and Ukraine.
The initiative is managed by the European Commission and collaborates with six international partners: the World Bank, the Energy Community Secretariat, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the National Fund for Environmental Protection and Water Management of Poland (NFOSiGW), and the College of Europe in Natolin.

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ADMINISTRATION OF U.S. PRESIDENT REQUESTS MORE THAN $58BLN FOR STATE DEPT’S NEEDS, INCL. $255 MLN TO HELP UKRAINE

The administration of U.S. President Joe Biden has requested $58.5 billion for fiscal 2022 to support the activities of the Department of State and its goals, according to a document published by the U.S. Department of State on Friday. “The President’s Budget for FY 2022 requests $58.5 billion for the Department of State and USAID,” the message reads.
It is noted that this is 10% higher than the final budget of the State Department in fiscal 2021.
“These resources will position us to advance the Administration’s foreign policy agenda on behalf of the American people. It also reflects the importance the Administration places on U.S. global leadership and the fact that diplomacy and development are vital tools for advancing U.S. interests,” the U.S. Department of State said.
According to the document, it is proposed to allocate a total of $665.8 million for spending in the European region and Eurasia, which, in particular, will help strengthening the resilience of countries to foreign malevolent influence and promoting Euro-Atlantic integration, confronting the growing challenges from Russia and China.
Thus, $88 million of this amount is planned to be allocated to support the democratization of Georgia, its economic development and the creation of resilience to resisting the malicious influence of the Kremlin. In addition, $255 million will be spent on aid to Ukraine to strengthen its ability to withstand Russian aggression. To counter Russian influence and disinformation in the Western Balkans, according to the document, $106 million is required.

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FERREXPO DONATES OXYGEN CONCENTRATOR TO HOSPITAL

Kozelshchinska Central District Hospital (Poltava Region) received an oxygen concentrator from Ferrexpo Belanovo Mining (FBM). This equipment will be used in the intensive care unit of the hospital.
“As previously reported according to the Ferrexpo’s assistance program, we constantly monitor the situation with the spread of coronavirus in Ukraine, study the needs of doctors and cover them in line with priority. Unfortunately due to the beginning of cold season the situation with patients in our country has worsened and now it is especially important to continue support of doctors who work extra hard to save lives, ”said Yuri Khimich, General Director of Ferrexpo Belanovo Mining.
According to head of Kozelshchinska hospital intensive care unit Nadiia Ovdienko, now the situation is extremely difficult and the medical institution turns to philanthropists for vital equipment and medicines. “We are very grateful to FBM for this concentrator and for the systematic assistance the company provides to our hospital,” – she added.
This oxygen concentrator compares favorably with analogs with low noise level, light weight and energy saving. The device has a dual flow and is designed to supply oxygen to two patients simultaneously.
Notes to Editors:
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been mining, processing and selling high quality iron ore pellets to the global steel industry for over 40 years. In 2019, the Group produced 10.5 million tonnes of pellets ranking it as the 3rd largest exporter of pellets to the global steel industry with a market share of approximately 8%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com

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KAZAKH BUSINESSMAN MOVES TO UKRAINE TO HELP WITH REFORMS

Kazakh businessman Margulan Seisembayev, who was earlier introduced by the chief executive of Ukraine’s National Reform Council, Mikheil Saakashvili, as his partner in the operations of the Office of Simple Decisions and Results, has met with Ukrainian President Volodymyr Zelensky and said that he would help Ukraine in implementing reforms.
“I met with Ukrainian President Volodymyr Zelensky today. Talked with him and his team for about an hour. I presented my offer on increasing the efficiency of the process of introducing reforms and legislation to him. He really liked everything. He said it is so important and necessary so they needed it yesterday. He asked me to accelerate. I promised to start working immediately. Therefore, I won’t be able to come to Kazakhstan soon. I feel I could get stuck here for a long time. The work is extensive, interesting and diligent,” he wrote on Facebook on Monday evening, having added a photograph from the meeting with Zelensky with Saakashvili’s participation to the post.
Seisembayev urged not to politicize his work. “I’m going to help Ukraine here. It has nothing to do with export of color revolutions or opposition activities experience. I’m doing what I love here, ensuring the efficiency of processes. It is a professional challenge for me. I introduced it many times in business and now I want to try introducing this into the work of the state system,” he said.
Seisembayev is a Kazakh entrepreneur, chairman of the Seimar company board in 1991-2009, Alliance Bank shareholder until December 31, 2009, resident of the Kazakh Chess Federation in 2007-2009.
On August 31, Saakashvili, who had previously announced the intention to create an international bureau for reforms in all former Soviet countries, introduced Seisembayev as his official partner in its initiative.
Saakashvili described Seisembayev as an ordinary guy from rural Kazakhstan who managed to create a “vast business empire” and became a multimillionaire and who has been “actively engaged in public work, in particular, reforms of the countries of the post-Soviet area” in the past few years. According to Saakashvili, Seisembayev’s area of responsibility would include increasing the efficiency of the process of introducing reforms and bills, as well as all international activities of the Office of Simple Decisions and Results.

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