Business news from Ukraine

STATE SECRETARY AT NORWEGIAN MFA: INTEREST OF NORWEGIAN INVESTORS TO UKRAINE GROWING

The issues of deepening cooperation in the economic sphere have been discussed in Kyiv by Secretary of State of the Ministry of Foreign Affairs of Norway Audun Halvorsen and Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Ivanna Klympush-Tsintsadze. Halvorsen noted that Norwegian investors had positively assessed the development of the business environment in Ukraine and optimistic expectations of investors should be supported by confidence, since the most important characteristic of the country for investment is predictability, the government portal reported on Tuesday.
Several positive business cases are immediately a signal for other investors, the first pave the way for the next, added the Secretary of State of the Ministry of Foreign Affairs of Norway. According to him, Norwegian investors are most interested in the energy sector of Ukraine, in particular, in investing in “green” energy and energy efficiency.
Halvorsen also said that Norway would actively participate in the International Conference on Reforms in Ukraine, which will be held in Copenhagen on June 27, and is also ready to further deepen cooperation with Ukraine in various areas of bilateral relations.
In turn, Klympush-Tsintsadze noted that Norway’s support for Ukraine is concrete and practical, and such relations are the basis for further deepening of bilateral relations.
The sides also briefly discussed the visit to Ukraine of Norwegian Foreign Minister Ine Eriksen Soreide planned for the second half of the year, as well as the visit of the newly appointed President of the Norwegian Storting, Tone Wilhelmensen Troen, scheduled for September.

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ERNST & YOUNG: FOREIGN INVESTORS SHOW MORE INTEREST IN UKRAINIAN ASSETS

Foreign investors actively study materials, come to look at assets and meet with owners, which is evidence of gradual resumption of the interest to Ukrainian assets, according to the 18th edition of the Ernst & Young Global (EY) Capital Confidence Barometer (CCB). “So, we should hope for the return of foreign investors to the capital market of Ukraine,” EY said in the press release. EY conducts CCB study twice a year. Over 2,500 senior executives across 43 countries took part in it. More than half of respondents (52%) indicate that they plan to acquire in the next 12 months. The number of executives expecting to complete more deals in the next year has more than doubled (67% in April 2018 versus 33% in April 2017). According to the analysts, this shows trends of rising economic and corporate confidence.
According to the press release of EY, although the global level of activity of mergers and acquisitions has already exceeded the peak period set before the financial crisis in 2007, Ukraine is still lagging behind in terms of investment activity. However, it shows a positive trend: foreign investors, who before the crisis invested money in the Ukrainian business, for the first time since 2014 begin to compete with local companies for attractive assets.
This was thanks to the fact that Ukrainian companies owned by foreign investors joined Ukrainian companies, which are fully owned by local businessmen, since 2017.

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MALAYSIA INTERESTED IN PURCHASING UKRAINIAN WEAPONS, VEHICLES, AIRCRAFT

Ukraine and Malaysia are working out plans to expand bilateral military and technical cooperation, and the Malaysian side shows its interest in procurement and joint production of a wide range of Ukrainian weapons, the press service of the Ukroboronprom State Concern reported on Tuesday.
According to the report, military and technical cooperation between Ukraine and Malaysia became the subject of negotiations between Ukroboronprom Head Pavlo Bukin and Malaysia’s top military leadership, which were held as part of the 16th Defense Services Asia 2018 (DSA) exhibition, which is taking place in Kuala Lumpur (Malaysia) on April 16-19.
According to the report, Bukin, in particular, held a meeting with Chief of Army General Tan Sri Dato Zulkiple Bin Hj Kassim during which they discussed the possibility of supplying the Malaysian side with Ukrainian-made 4×4 combat vehicles. During the talks, the chief of the Malaysian army expressed his country’s interest in acquiring Ukrainian ATGMs from Luch Design Bureau. At the same time, the sides stressed the need to intensify the work of the bilateral commission on military and technical cooperation, the report says.
Bukin also held talks with Chief of Navy Admiral Tan Sri Ahmad Kamarulzaman Hj Ahmad Badaruddin, during which they discussed the possibility of supplying to Malaysia the floating docks manufactured by Pallada Kherson State Plant, part of Ukroboronprom, as well as the possibility of establishing cooperation for their production with a Thai manufacturer.
In addition, as part of the exhibition, Bukin met with Commander of the Royal Malaysian Air Force General Dato Seri Affendi Buang.
“The sides discussed a range of issues on cooperation in the field of aircraft building. In particular, they talked about the possibility of supplying to Malaysia the Antonov airplanes with the possibility of localization of production facilities. A separate topic of the talks was also the possibility of supplying Ukrainian vertical take-off and landing UAVs to the Malaysian side,” the report says.

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