The Cabinet of Ministers of Ukraine has approved a draft intergovernmental agreement with the Republic of Singapore and Iceland on air traffic.
According to the relevant government decrees, the Cabinet of Ministers authorized Chairman of the State Aviation Administration of Ukraine Oleksandr Bilchuk to sign the relevant agreement.
According to the explanatory documents, this decree is provided by the need to conclude intergovernmental agreements on air services with these countries, which makes it possible to create a contractual legal framework necessary for the implementation of regular air traffic between these countries and Ukraine. This will intensify bilateral cultural ties, as well as economic relations between the countries, the government authorities said in the documents.
The agreement will determine the procedure for regulating international flights, the procedure for appointing airlines on the routes, provides for the mutual recognition of crew member certificates and others.
Singapore has opened its market for Ukrainian pork. “For the first time since long a foreign market has opened for Ukrainian pork. Singapore’s regulator has accredited a Ukrainian enterprise for export of thermally processed/tinned pork and chicken meat,” the State Service of Ukraine on Food Safety and Consumer Protection said.
It also said that those were the first steps towards the opening of the global market for Ukrainian pork.
The Singapore Food Agency (SFA) has decided that Ukrainian producers of thermally processed products from poultry, pork and eggs will be able to obtain permits for exporting products to the Singapore market, the Foreign Ministry of Ukraine said.
“Any crises also bring new opportunities. The access of Ukrainian goods to the Singapore market will help our entrepreneurs increase exports, despite the coronavirus [COVID-19] crisis,” the Foreign Ministry’s press service said, citing Foreign Minister Dmytro Kuleba on Friday.
The Foreign Minister said that global markets and chains of goods supply are currently being transformed due to a pandemic, and Ukraine is able to use the changes to its advantage, first of all, revealing the hidden potential of exports to Asian markets.
Detailed explanations of the terms of export to Singapore can be obtained from the State Service of Ukraine on Food Safety and Consumer Protection.
The Foreign Ministry said that Ukrainian exporters who use the new opportunities should fill the form of the Ukrainian exporter from the Embassy of Ukraine in the Republic of Singapore (it concerns only the export of Ukrainian goods to the markets of ASEAN countries: Brunei, Vietnam, Indonesia, Cambodia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand) at the link: https://goo.gl/forms/wL5iAZEOk82bfv3n2.
The PR Group (Lviv), implementing a project on construction of the Sigma Park Yarychiv industrial park in Lviv region, plans to build at least 10 industrial parks with a gross area of almost 2,000 ha in two years and enter the Frankfurt Stock Exchange and the Singapore Exchange (SGX). “In addition to the park in Yarychiv, there will be 10 more industrial parks. The largest project for 560 hectares is located on the border of Lviv region in Rivne region. In Yarychiv there will be the smallest one – 15.7 hectares. In general, the entire portfolio of industrial parks is designed for almost 2,000 ha. We are planning to start all projects in two years. We are trying to make a stake on the social component. One of the projects will be located near Chervonohrad, Sokal, where the mines are closed and new jobs need to be created,” Managing Partner and co-owner of PR Group Roman Protsak told reporters on the sidelines of the Industrial Development and Construction Forum in Kyiv.
He said that the development company PR Development, which is part of the group, accompanies development of industrial parks. All the facilities will be united under the Sigma Park joint brand with the prefix of the name of the settlement near which they are located. This year, the company plans to provide two industrial parks for registration at the Ministry of Economic Development and Trade, and in 2019 to launch Sigma Park Yarychiv.
“There are already participants interested in locating their production facilities. Negotiations are currently under way with 48 companies. We will attract them on competitive terms. Each of them will present a development plan for the next 10 years, including offering the best conditions for employees’ salaries, Protsak said.
According to him, in August-September, the company will announce a tender for occupying land parcels in Sigma Park Yarychiv, in which only the food industry will be represented. The implementation of this project (greenfield) is at the utilities design stage. In other parks, the automotive, pharmaceutical, and other industries are located.
“We are currently using our own funds. We are not attracting credit resources, but we plan to enter foreign markets to raise funds through the sale of bonds… There are plans for two platforms – Frankfurt, Singapore and possibly additionally Warsaw. We plan to enter them in 2019-2020. One of our investment funds that deals with real estate in Ukraine and abroad will enter [the exchanges],” the co-owner of PR Group said. He said that the company had previously specialized in the construction of residential real estate, but three years ago, the co-owners decided to switch to commercial and industrial real estate.