Business news from Ukraine

UKRAINE INTERESTED TO COLLABORATE WITH JAPAN INTERNATIONAL COOPERATION AGENCY

During a working visit to Japan Ukrainian President Volodymyr Zelensky met with President of the Japan International Cooperation Agency (JICA) Shinichi Kitaoka, the press service of the head of state reported on Wednesday. “Cooperation with the Japan International Cooperation Agency (JICA) is extremely important for our country, especially in the context of implementing large-scale reforms that are taking place now. Recently, the government approved an action plan for the next five years. We really believe that this program will not be implemented in theory, but in practice. This includes the development of human capital and economy, European integration and improving the security and welfare of Ukrainian citizens,” Zelensky said during the meeting, adding that the implementation of this plan will create a million additional jobs in the country.
The head of state said that the priorities of the current authorities of Ukraine include launching the land market, large-scale privatization, deregulation and simplification of all procedures with the transition to online services, elimination of the shadow economy and corruption schemes, solving infrastructure problems, optimizing the tax system, quickly and comprehensively introducing European and international standards.
The president thanked the agency for supporting Ukraine under the Official Development Assistance (ODA) program.
“We appreciate the technical assistance of Japan to support democratic institutions, ensure macroeconomic stability and concessional lending for important infrastructure projects in Ukraine,” Zelensky said.
The president said that one of the striking results of Ukraine’s joint work with JICA was the successful completion of the modernization of the Boryspil International Airport (Kyiv) through a soft loan. At the same time, Zelensky noted the importance of implementing the second project, namely, the modernization of the Bortnychi wastewater treatment plant, which will help prevent environmental pollution and increase the safety of people’s lives.
“I hope that in the near future a contract will be signed with the general contractor and construction work at the facility will begin from early next year,” he said.
The president announced Ukraine’s interest in continuing fruitful cooperation with JICA. Important promising infrastructure projects, in particular, may be the construction of a bridge over the Pivdenny Buh River in Mykolaiv as part of the improvement of the southern transport corridor; and preparing a project for the processing of solid household waste.

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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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UKRAINE, EU, RUSSIA HOLD CONSULTATIONS ABOUT GAS TRANSIT TALKS

Ukraine, the European Commission and the Russian Federation held technical consultations in Brussels on Tuesday to prepare for the next round of trilateral talks on gas transit after January 1, 2020.
NJSC Naftogaz Ukrainy said in a press release that during the consultations the parties discussed Ukraine’s progress in the implementation of the norms of the European legislation and the creation of independent gas transmission system operator.
In addition, the signing of an interconnection agreement between the operators of the gas transmission systems of Ukraine and the Russian Federation on standard European conditions was discussed, as well as the methodology of tariff formation for gas transportation, and other issues.
The next round of trilateral gas transit negotiations is expected to take place on October 28.

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UKRAINE AND CHINA APPROVE VETERINARY CERTIFICATE FOR EXPORTING UKRAINIAN BEEF

Authorized bodies of Ukraine and Chine have approved an international veterinary certificate for exporting frozen beef from Ukraine, according to a posting on the website of the State Service for Food Safety and Consumer Protection of Ukraine.
As reported, the authority expects that in 2019-2020 some 24 states would open their markets for Ukrainian poultry products.
In 2018, Ukraine opened 85 new markets for various types of products and increased the number of companies authorized to export animal products.

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STARTUP FROM UKRAINE RAISES $90 MLN OF INVESTMENT

IT company with Ukrainian roots Grammarly has raised a $90 million investment led by General Catalyst, which also led its investment round in 2017 with $110 million, with participation from other existing investors including IVP, and new investors, the company has said in a press release.
Since the first round of investments in May 2017, Grammarly has more than tripled the number of users and has added a number of updates to its product, which, according to a press release, “helps more than 20 million people every day.”
The company also opened its fourth office in Vancouver, British Columbia (Canada) and doubled the number of team members in offices of Kyiv, New York and San Francisco. It plans in the near future to expand the current office space in Kyiv by additional 1,300 square meters where 130 people can work.
According to the report, the funds raised by Grammarly will be aimed at further expanding the company’s product coverage in order to make it available wherever written communication in English can be used. The company will also continue working on more complex aspects of language and communication, in particular on the development of the recently launched tone detector, to provide users with practical advice on how to adapt it.
Grammarly was founded by Kyiv residents in 2009: Max Lytvyn, Alex Shevchenko and Dmytro Lider. The offices of the company are located in Kyiv, San Francisco, New York and Vancouver.

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AMBASSADOR OF UKRAINE TO UN MAY BECOME NEW UKRAINE’S AMBASSADOR TO U.S.

President of Ukraine Volodymyr Zelensky may appoint Ambassador of Ukraine to the UN Volodymyr Yelchenko as the ambassador of Ukraine to the United States of America, the Ukrainian Voice of America service reports.
“At this post [Ukrainian Permanent Representative to the UN], an experienced diplomat Yelchenko repeatedly resolutely maintained Ukraine’s position, often in fierce exchanges of remarks with the Russian delegation during the organization’s meetings,” it said.
Zelensky said during a press marathon on October 10 that he had decided on the candidacy of the ambassador to the United States, but did not say who he had chosen.
“A person has been chosen, this is experienced person, a diplomat, who knows the United States very well. I think he will be appointed in the near future,” Zelensky said then.
Earlier, Valeriy Chaly held the post of ambassador.

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