Business news from Ukraine

UKRAINE GETS PERMISSION TO EXPORT DAIRY PRODUCTS TO JAPAN

Ukraine has been included in the list of countries from which exports of milk and dairy products (including butter and cheese) to Japan are allowed.
The relevant information is posted on the website of the State Service of Ukraine on Food Safety and Consumers’ Rights Protection.
In addition, requirements for exports of milk and/or dairy products to Japan are available on the website of the agency.
As reported, at the end of June 2019, the State Service of Ukraine on Food Safety and Consumers’ Rights Protection and the competent authority of Saudi Arabia agreed on the form of an international veterinary certificate for exports of milk and dairy products to the Kingdom of Saudi Arabia.

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LARGEST PAYMENT SYSTEM OF JAPAN INTERESTED IN ENTERING UKRAINIAN MARKET

Japan Credit Bureau (JCB), the largest payment system in Japan and one of the five largest payment systems in the world, is interested in entering the Ukrainian market, the National Bank of Ukraine (NBU) said on Facebook.
The relevant intentions were expressed by JCB General Manager Takashi Suetsugu at a meeting with the leadership of the National Bank.
“Mr. Suetsugu announced JCB’s interest in entering the Ukrainian market and the intention to submit a corresponding package of documents to the regulator in the near future. For his part, Yakiv Smolii welcomed JCB’s intention to work in Ukraine, noting that the National Bank stands for a competitive environment in the payment market and uniform rules of regulation for all participants,” the report says.
According to JCB, as of the end of 2017 some 117 million customers were holders of its cards. The total annual transaction volume of the system was $281 billion. To date, JCB payment cards are serviced in 190 countries of the world. Payment cards are issued in 23 countries.
In total, there were 43 payment systems in Ukraine as of October 1, 2018, including the NBU Electronic Payment System, 29 systems for servicing transfers within the country, and 13 systems for cross-border remittance.

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JAPAN READY TO ISSUE LOANS TO UKRAINE FOR PROJECTS OF ELECTRICITY GENERATION FROM WASTE

Japan is ready in the future to provide Ukraine with loans for the implementation of projects for generating electricity from waste, Japanese Ambassador to Ukraine Shigeki Sumi has said.
“Japan is very interested in having a system through which energy will be generated from waste,” Sumi said at the conference “New Waste Management Policy is a Way to a Circular Economy” dedicated to the implementation of the National Waste Treatment Strategy until 2030 in Kyiv.
He noted that last year Japan International Cooperation Agency (JICA) developed a program for Ukraine and at the moment Japanese experts have visited three cities (including Kharkiv and Kyiv), where they conduct research for the possible further financing of relevant projects.
“In the future, the Japanese government will be ready to issue loans to the government of Ukraine to implement such a system for generating electricity from waste,” Sumi stressed.
As reported, in May JICA proposed Kyiv City State Administration to assess the potential of landfill No. 5 in the village of Pidhirtsi (Kyiv region) for energy production.

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