Business news from Ukraine

UKRAINE AND TURKEY PLAN TO LIBERALIZE MOTOR TRANSPORTATION SERVICES BETWEEN COUNTRIES

Ukraine and Turkey are planning to liberalize motor transportation services between the countries at the beginning of 2020, reads a post on the website of the Infrastructure Ministry of Ukraine following a meeting between Ukrainian Infrastructure Minister Vladyslav Krykliy and his Turkish counterpart Mehmet Cahit Turhan in London on Monday. The sides are preparing relevant documents, the ministry’s press service said.
The ministers also praised the countries’ dialogue on cooperation in the spheres of maritime search and rescue and air services.

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TURKEY TAKES INTEREST IN UKRAINIAN AN-178 AIRCRAFT – MEETING OF INTERIOR MINISTERS

Turkey showed interest in the Ukrainian An-178 aircraft, this issue was discussed at a meeting of Interior Minister of Ukraine Arsen Avakov and Interior Minister of Turkey Süleyman Soylu.
“Our An-178 aircraft is presented at the modern technology exhibition in Istanbul, which we are honored to attend. The Ministry of Internal Affairs of Ukraine plans to purchase 13 such aircraft for the State Emergencies Service to eliminate fires and for the National Guard. I hope the Turkish side will pay attention to our An-178,” the press service of the Ministry of Internal Affairs quoted Avakov as saying.
In turn, the Turkish interior minister praised the An-178 and expressed interest in this aircraft.
“The An-178 is a very good aircraft. In addition, our Mi-17 helicopters are being modernized in Ukraine, six of which we have already received. For us, this is an example of very successful cooperation with you,” Soylu said.
Avakov invited him to visit Ukraine. “I really hope that you will visit Ukraine at the end of the month. We will have large-scale exercises that you should see. In addition, I will show you new modernized models of the Mi-8 helicopter. And Airbus will present the helicopters that they supply for the Ministry of Internal Affairs of Ukraine,” he said.
In response, Soylu suggested that he would most likely come to Ukraine.
The multi-purpose transport aircraft An-178 was developed at the Antonov state-owned enterprise, which is part of state-run Ukroboronprom. About 200 companies from 15 countries are involved in production cooperation under the An-178 program.
The flight altitude of the An-178 is 12 km, the range is 5,500 km, and the maximum speed is 825 km/h. The aircraft has a modified fuselage shape, a ramp for loading and unloading oversized cargo and is capable of transporting up to 18 tonnes of cargo, including heavy sea containers. It can land and take off from any airdromes, including unpaved ones.
The An-178 made its first flight on May 7, 2015. In July 2018, Ukroboronprom presented the An-178 at the Farnborough Airshow international aerospace show, where the aircraft performed a demonstration flight.

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GURIS FROM TURKEY TO BUILD 80 MW WIND FARM IN UKRAINE

Ovid North LLC intends to build an Ovid North wind farm with a capacity of 80 MW (Ovidiopol district of Odesa region) in the area north of the existing Ovid Wind farm, according to the website of the unified register of environmental impact assessment. Within the project it is planned to build from 12 to 16 wind turbines with a capacity of 3.6 MW to 5.5 MW each. The height of the towers is from 120 meters to 160 meters. The rotor diameter is from 130 meters to 170 meters.

It is expected that the wind farm will generate 230,000 MWh per year.

At first, the holding specialized in the construction of hydropower plants and thermal power plants and built large energy facilities with a total capacity of about 1.7 GW. In 2000, it reoriented to the construction and operation of its own energy facilities using renewable energy sources. As of 2018, the holding’s portfolio included 79 MW of hydroelectric power stations, 162 MW of geothermal stations, and 373 MW of wind farms.

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UKRAINIAN PARLIAMENT RATIFIES AMENDMENTS TO TREATY BETWEEN UKRAINE AND TURKEY TO AVOID DOUBLE TAXATION

Ukraine’s Verkhovna Rada has ratified a protocol on Amendments to the Convention between the Government of Ukraine and the Republic of Turkey for avoidance of double taxation with respect to taxes on income and real estate.

An Interfax-Ukraine correspondent has reported that a total of 320 MPs backed bill No. 0005 on ratification of the amendments on Wednesday.

According to the conclusion of the foreign policy committee, the changes relate, in particular, to the procedure for taxation of income received by residents of the state, which is party in the treaty, from the disposal of shares or other rights; the procedure for taxation of remuneration received in connection with employment on a ship, aircraft, or other transport operated by an enterprise of the state, which is party in the treaty. The changes will also concern the exchange of information.

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UKRAINE’S GOVERNMENT TO ASK PARLIAMENT TO RATIFY AGREEMENT ON DEVELOPMENT COOPERATION WITH TURKEY

The Cabinet of Ministers has approved a draft law on ratification of an agreement on the development of cooperation with Turkey.
The government took a corresponding decision at a meeting on Wednesday.
According to the explanatory note to the draft law available to Interfax-Ukraine, the implementation of the document will favor the implementation of technical cooperation projects – the transfer of know-how, training of personnel, the supply of equipment and materials, and will also contribute to financial projects and grants to finance the supply of goods, equipment and materials.
The agreement also provides for the creation of a Programs Coordination Office of the Turkish Cooperation and Coordination Agency (TIKA) in Ukraine.

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ASELSAN FROM TURKEY PLANS TO ORGANIZE PRODUCTION OF TACTICAL COMMUNICATIONS DEVICES WITH UKRAINIAN PARTNER

State-owned enterprise Spetstechnoexport and Turkey’s defense company Aselsan have signed a memorandum confirming plans to start production of Turkish tactical communications devices in Ukraine. An Interfax-Ukraine correspondent has reported that the sides signed the document at the 15th international specialized exhibition Arms and Security 2018 opened in Kyiv on October 9.
Spetstechnoexport Head Vladyslav Belbas told Interfax-Ukraine that the signed document confirms mutual commitments of the parties outlined in the offset agreement signed by Spetstechnoexport and Aselsan in July in Ankara after a meeting of the bilateral intergovernmental commission for defense cooperation. The details of the project are being approved.
As reported, in October 2017, Aselsan and Spetstechnoexport signed a government-guaranteed contract in Kyiv for the amount of $43.635 million for delivery of tactical communications to be used in the USB band in the interests of the Armed Forces of Ukraine in 2018 as part of the government defense procurement order. According to Ukrainian legislation, purchases of defense imports under the government defense procurement order amounting to more than $5 million provide for the conclusion of an offset agreement.

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