Business news from Ukraine

UKRAINE AND JAPAN DISCUSS DEEPENING ECONOMIC AND INVESTMENT COOPERATION

Ukrainian President Volodymyr Zelensky at a meeting with Chairman of the Japan-Ukraine Parliamentary Friendship Association Eysuke Mori has discussed possibilities for deepening economic and investment cooperation between Ukraine and Japan, the press service of the Office of the President has reported.
At the meeting, the parties discussed cooperation in the implementation of infrastructure projects in Ukraine, mutually beneficial projects in the fields of energy, transport, agriculture, and environmental protection.
“Today we need to modernize and unite Ukraine. To this end, our parliament adopts many laws. For example, a concession law, because we need to restore and modernize the Ukrainian infrastructure: ports, railways, roads, bridges, and dams,” Zelensky said.
He also said that a new parliamentary group has been established for inter-parliamentary relations with Japan, which includes 117 deputies, 80 of whom, including the co-chair of the group, represent the Servant of the People political party.
The parties exchanged experience on overcoming the consequences of nuclear emergencies. Zelensky noted the effectiveness of the Ukrainian-Japanese joint committee on cooperation in improving the response to emergencies at nuclear power plants.
“We confirm our intention to continue cooperation on overcoming the aftermath of the accident at the Fukushima 1 nuclear power plant through interaction between our countries within the so-called Fukushima-Chornobyl mechanism. A promising area of activity is the development and implementation of new technologies for the disposal of radioactive waste,” the head of the Ukrainian state said.
The Japanese side praised the results of their visit to Ukraine in September 2019. It was noted that this visit gave a new impetus to the development of inter-parliamentary dialogue and the full range of cooperation between the countries.
In turn, Zelensky thanked for the consistent policy of the government and parliament of Japan to support the sovereignty and territorial integrity of Ukraine, in particular within international organizations, as well as for large-scale humanitarian and financial assistance from Japan for the implementation of structural reforms.
“We greatly appreciate your country’s assistance in restoring Donbas and supporting internally displaced persons from the temporarily occupied territories of Ukraine. I feel your friendly attitude towards us,” he said.

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UKRAINIAN PRESIDENT STARTS WORKING VISIT TO JAPAN

Ukrainian President Volodymyr Zelensky has begun a working visit to Japan; he will attend the ceremony of the new Japanese emperor’s enthronization amongst other events, the Office of the Ukrainian President said in a statement on Facebook. “The visit program includes the chief of states’ meetings with Japanese Prime Minister Shinzo Abe, heads of both chambers of the Japanese parliament, members of the Japan-Ukraine Parliamentary Friendship Association, heads of the Japan International Cooperation Agency and the Japan Association of New Economy, and representatives of the Japanese business community,” the statement said.
The work schedule of the Ukrainian president also includes a series of bilateral meetings with foreign leaders, it said.

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UKRAINE INTERESTED IN COOPERATION WITH JAPAN IN IT SPHERE – PM

Ukraine is interested in cooperation with Japan in the sphere of IT, the press service of the government has reported after a meeting of Ukrainian Prime Minister Oleksiy Honcharuk with a Japanese delegation.
“During the meeting, the issue of possible cooperation in the field of information technology was discussed,” the press service said.
The head of the Japan-Ukraine Parliamentary Friendship League Eisuke Mori said that the IT vector could be the impetus for the development of Ukraine.
In turn, Honcharuk added that today, the IT industry is one of the most progressive in Ukraine. “One of the priorities of our government is the development of IT. We would be glad to consider the opportunity of sharing experience with you,” the prime minister said.
In addition, Honcharuk said that Ukraine plans to invest in projects in the exclusion zone of the Chornobyl nuclear power plant and will be glad if Japan becomes a partner in this matter. In this regard, Mori said that the safety associated with nuclear energy should be one of the key areas of bilateral cooperation.

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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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