Business news from Ukraine

ANDRIY KUZMENKO APPOINTED AS UKRAINIAN AMBASSADOR TO QATAR

President of Ukraine Volodymyr Zelensky has appointed diplomat Andriy Kuzmenko as Ukrainian Ambassador to Qatar. Respective decree No.914/2019 as of December 18 was published on a president’s website on December 19.
Previously Kuzmenko was Ukraine’s temporary charge d’affaires in the UK, an employee of the Joint Center for Control and Coordination (JCCC) as a representative of the Ministry of Foreign Affairs of Ukraine, an ambassador at large.

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COMPANIES FROM QATAR AND UKRAINE TO PARTICIPATE IN CONCESSION OF OLVIA STEVEDORING COMPANY

Three companies from Qatar and Ukraine have announced that they will participate in a competition for concession of the Olvia stevedoring company, according to a posting on the website of the Infrastructure Ministry. According to the report, two of the three companies are prequalified to participate in the next stage. “As for the third, the tender committee has not yet made a decision, since the application was submitted on the last day,” the ministry said. Tender proposals for participation in the tender were submitted by QTerminals company (Qatar) and associations of Peters Maritime Agency LLC and Protti-Gasoline LLC (both from Mykolaiv).
Infrastructure Minister Vladyslav Krykliy said that $66 million of investments and at least $3 million of government investments over the next 35 years are expected from the implementation of the concession project in the Olvia stevedore, as well as $3 million of annual concession payments.
The next stage, during which the competitive bods of the participants will be evaluated and the winner determined, will be held on January 21, 2020.
As reported, four companies will participate in the Kherson seaport concession tender.

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UKRAINE AND QATAR SIGN AGREEMENT ON AIR TRAFFIC

The Cabinet of Ministers of Ukraine and the government of Qatar have signed a protocol amending and supplementing the agreement on air traffic.
According to the website of the Infrastructure Ministry of Ukraine, the corresponding document was signed during the meeting of Infrastructure Minister Vladyslav Krykliy with President of the Civil Aviation Authority of Qatar Abdullah bin Nasser Turki Al Subaey.
“We are liberalizing air traffic between Ukraine and the state of Qatar. The signing of today’s protocol will allow expanding the access of airlines of both countries to the air transportation market, eliminating restrictions on the number of flights, types of aircraft, and also destinations in the territories of both countries,” the minister said.
In addition, the minister of infrastructure noted that the signing of the protocol would ensure the creation and operation of a reliable legal mechanism of an international level for the implementation and intensification of the process of bilateral interstate relations between the states, and will also contribute to the development of cooperation in the field of air transport, tourism and the further expansion of the geography of the airlines’ flights.
The Qatari official, in turn, noted that the signing of this document opens up new opportunities and testifies to the cooperation of Ukraine and Qatar at the highest level.

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UKRAINE AGREES WITH QATAR ON VETERINARY CERTIFICATES FOR EXPORTING LIVESTOCK PRODUCTS

Ukraine has agreed on the veterinary certificates for exporting livestock products to Qatar, the press service of the State Service of Ukraine for Food Safety and Consumers’ Rights Protection has reported. According to the report, the states approved the forms of certificates for exporting meat and meat products (in particular, poultry and beef), milk and dairy products, shell eggs and egg products, fish and fish products, as well as processed food from Ukraine to Qatar.
As reported, Ukraine agreed on certificates for the export of dairy products to Bosnia and Herzegovina and to Oman, as well as for the export of beef to Saudi Arabia.
In 2018, Ukraine opened 85 export markets for various types of products and increased the number of enterprises that received the right to export food products of animal origin. A total of 126 producers of the country can export food products to EU countries.

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UKRAINE’S PARLIAMENT RATIFIES TREATY WITH QATAR TO AVOID DOUBLE TAXATION

Ukraine’s Verkhovna Rada has ratified a treaty between the governments of Ukraine and Qatar on avoidance of double taxation and prevention of income tax evasion.
The Finance Ministry of Ukraine reported on its website that the ratification of the treaty will help to accelerate the prevention of tax evasion, mutual reduction of tax obstacles for investment and trade.
The treaty introduces taxation of dividends at the rate of 10%, as well as 5% for dividends received by a company holding less than 10% of the capital of the dividend payers. The document sets taxation of royalties at the rate of 10% and 5% for other cases.
In addition, the treaty foresees the exchange of tax information without reservations about the requirements of national tax interest or bank secrecy, the Finance Ministry said.

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QATAR INTERESTED IN CONCESSION OF UKRAINIAN PORTS

Qatar has showed its interest in concession of Olvia and Kherson seaports, Ukraine’s Infrastructure Ministry has reported on its website. The ministry said that the Ukrainian Sea Port Authority has signed a memorandum of understanding with Qatar ports management company Mwani Qatar, envisaging cooperation aimed at boosting cargo flow between seaports of Ukraine and Qatar, in particular, exports of agricultural products made in Ukraine to Qatar. In addition, it is planned to attract Qatar investments in port infrastructure facilities to include marine terminals in international supply chains.
“The signing of the memorandum opens the way for the further implementation of many projects… First of all, we are talking about the concession of the ports Olvia and Kherson. Qatar is also interested in cooperation in the Yuzhny port, which, according to the strategy of the Ukrainian Sea Port Authority, will start servicing large vessels that can pass the Bosporus Strait in the coming years,” Head of the Authority Raivis Veckagans said.
In turn, Minister of Transport and Communications of the State of Qatar Jassim Saif Ahmed Al Suleithi said that the development of cooperation with Ukraine in the port and aviation spheres is promising for Qatar and confirmed the intention to develop the launch of direct flights between Doha and Lviv at the bilateral level.

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