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Archive for January 29th, 2009

Government gives "green light" to implementation of big investment projects in Ukraine

Posted by the Editor on January 29, 2009

News / 29 January 2009 | 17:30

Government gives "green light" to implementation of big investment projects in Ukraine

The Government assembled for a sitting, devoted to consideration of big investment projects aimed at their further implementation on the whole territory of Ukraine. As Prime Minister of Ukraine Yulia Tymoshenko told, from date such sittings to be held every Thursday, “We believe, on the basis of this sitting, decisions giving all “green ways” for scale investments should be taken”.

According to the Prime Minister, first of all, such projects should provide for the introduction of alternative and regnerative sources of energy, energy saving, reduction of natural gas consumption in Ukraine.  

Yulia Tymoshenko stressed that sittings would also tackle the other scale projects connected with the building of big infrastructure objects, Cabinet’s press office reported.

As the Head of Government said, it is important that investors were interested to come with money both for realization of big private projects and for introduction of social projects, under state guarantees attracting the banking system of Ukraine and the world.



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Tymoshenko: Half of natural gas we consume today, can be replaced with alternative energy sources

Posted by the Editor on January 29, 2009

News / 29 January 2009 | 16:40

Half of natural gas we consume today, can be replaced with alternative energy sources

Tymoshenko: Half of natural gas we consume today, can be replaced with alternative energy sources

Prime Minister Yulia Tymoshenko believes that Ukraine can consume half of natural gas today replacing it with alternative energy sources. She disclosed this at a special sitting of the Government, devoted to the issues on attracting investments to the economy of Ukraine, Cabinet’s press office reported.

“The volumes of alternative sources of Ukraine are just unique. We can calmly replace half of natural gas which we consume, with other energy sources and we do not need to purchase, to be dependent on other countries,” Yulia Tymoshenko stressed.

The Head of Government also said that alternative sources in the fuel-energy balance of Ukraine amount to 0.83 % at present, at that time when, for example, in Austria and Sweden – 24%, Portugal – 17%, Germany -12%, Denmark – 10%. “At present, when our common team of executive power at the central and regional levels begins objectively to tackle alternative energy sources, our balance is “0”. In other words, we begin a new page,” Yulia Tymoshenko noted. But, according to her, the Government will step by step use all possible potential which the country has today.


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Projects on the production of alternative fuel waiting for Cabinet’s approval

Posted by the Editor on January 29, 2009

News / 29 January 2009 | 15:50

Projects on the production of alternative fuel waiting for Cabinet’s approval

At aspecial sitting on attracting investments the Government is considering the issue on implementing two big investment projects on the production and use of alternative and regnerative kinds of fuel in the Sumy region.

Opening the sitting, Prime Minister of Ukraine Yulia Tymoshenko told, the first project provides for organization of the production and use of local and regnerative kinds of fuel (wood and straw) in the Sumy region for 2005-2015. Yulia Tymoshenko considers that such alternative kinds of fuel as wood and straw can be a very potent alternative and regnerative source of energy.

Besides, according to the Prime Minister, the Sumy region proposes a project on reconstruction of the heat supply system of the town of Shostka, in particular, the transfer of water heat and steam-boilers to alternative kinds of fuel.

“These two projects will be ensured today by the adoption of certain governmental decisions open up possibilities for their implementation,” Yulia Tymoshenko stated.

Government portal


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Posted by the Editor on January 29, 2009

Analytics / 29 January 2009 | 15:11

«The gas conflict has unified Ukrainian society»

Viktor Yushchenko: «The gas conflict has unified Ukrainian society»

The gas conflict between Ukraine and Russia has raised serious questions about European energy policy. Despite both countries signing a recent agreement to end the dispute, the EU will be keen to avoid getting caught up in such a crisis again. Euronews spoke to Ukrainian President Viktor Yushchenko.

Mr. President, welcome to “euronews“. A new conflict between Russia and Ukraine deprived gas to several European countries. What happened?

President Yushchenko: Europe needs to know the truth about what happened. There’s one thing I want to stress: Ukraine did not stop deliveries. All the transit pumping stations are located on the Russian side, and it is Russia that’s responsible for gas supplies to Europe being blocked. Secondly, concerning the so-called non-authorised siphoning off. As the president of Ukraine, I can say, neither in 2008 nor in 2009 was a single cubic metre of gas, destined for Europe, used by Ukrainians to meet their needs. Once again, I emphasise, Ukraine has met its pipeline obligations. This isn’t just about economics – there is also a political component as well.

EN: And what is this political dimension exactly?

President Yushchenko: By creating a sense of insecurity around deliveries of Russian gas via Ukraine, it changes the priority of certain projects. First of all, Ukraine’s gas network becomes more dependent, and it creates the idea that it will be used by Russia’s gas companies and by the Russian state. In other words, to repeat, what has been done in the gas transport systems of Moldova and Belarus in recent years. Obviously, there exists a similar plan for the Ukrainian gas transport system to be put under the control of Gazprom. For us this is unacceptable. It is a national resource, a national wealth, if your want. It is the embodiment of our independence, in this case – energy independence.

EN: The European Commission President has described Russia as an unreliable gas supplier and Ukraine an unreliable transporter. Is that a fair assessment?

President Yushchenko: It would be wrong for me to comment on what President Barroso has said. I simply want to remind you that Ukraine has not done anything that would restrict the supply of Russian gas. In other words, Europe has become a hostage to Russian politics. It’s blackmail – the blackmail of the European community to go along with what Russia wants.

EN: Are you not afraid that the gas crisis will have a negative impact on future cooperation between Ukraine and the EU?

President Yushchenko: No. I am convinced that already this year, that Ukraine will sign an agreement on reunification of energy systems. I am confident that this year we will sign up to a treaty on energy partnership. I am convinced that the Brussels conference, which will be held in March, will be a good place for reflection on the integration of Ukraine’s transport capabilities in the European gas market.

After a long dispute, the contract on gas supplies to Ukraine was signed. You said it was not profitable for Ukraine. Why?

President Yushchenko: I call it non-partnership. I will go over it again. The adoption of the basic formula for the price of gas at 450 dollars – is not objective. In Europe today, a price at this level doesn’t exist. Ukraine finds itself being the shortest route for Russian gas deliveries. And the price we have today is higher than the price for certain western European countries. That is why this price is incorrect. Not in the sense that it is high, but in the sense that it is badly established. The second thing, is transit policy. The tax for transiting gas for Russia has not changed. It’s 1.7 dollars per thousand cubic metres over a 100km. Its the lowest transit price in Europe.

EN: Are you going to insist on the review of these agreements, if you do not like the price?

President Yushchenko: We’re not in the process of talking. We recognise these agreements and we will meet them. At the same time I hope the work of the European Commission, which – thanks to the modernisation of the gas transit system from Ukraine, and its integration into a single gas market in Europe – will equally provide details on the implementation of delivery projects. This will enable the best and rational use of Ukraine’s gas transport system.

EN: The high price of gas could have an impact on the economic situation in Ukraine. Has this conflict and the high price influenced the political situation inside Ukraine?

President Yushchenko: I’m not going to hide the fact that various political forces have attempted to use the gas issue, by speculating. But, I don’t think that is the most important thing. I believe the incident, which occurred between Ukraine, Europe and Russia in early January, has unified Ukrainian society. People were able to see the fragility of economic stability, which is based on energy diversification, particularly in gas policy.

EN: Thank you for this interview, Mr President.

President Yushchenko: Thank you.



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Turchynov meets US Ambassador William Taylor

Posted by the Editor on January 29, 2009

News / 29 January 2009 | 15:00

Turchynov meets US Ambassador William Taylor

The First Vice Prime Minister of Ukraine Olexandr Turchynov held a meeting with Extraordinary and Plenipotentiary Ambassador of the United States of America to Ukraine William Taylor, government portal reported.

The US Ambassador has highly evaluated gas understandings achieved between Ukraine and Russia. “Just owing to the efforts of Yulia Tymoshenko negotiations could have wound up and a problem not only in Ukraine, but in Europe could have been solved,” Olexandr Turchynov stressed.

A peculiar attention was paid also to the issues of drawing investments into Ukraine‘s economy and activity in Ukraine of American Overseas Private Investment Corporation (OPIC). William Taylor expressed his hopes, despite the crisis happening in the world by the end of current year about half a billion dollars will be invested into Ukraine‘s economy.


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Shapovalov: IMF confirms Ukraine’s national bank meets all conditions

Posted by the Editor on January 29, 2009

News / 29 January 2009 | 14:10

IMF confirms Ukraine's national bank meets all conditions

Shapovalov: IMF confirms Ukraine’s national bank meets all conditions

A senior Ukrainian central bank official said on Wednesday The IMF had confirmed that the national bank of Ukraine met all initial conditions set for a $16.4 billion loan, First Deputy NBU Chairman Anatoly Shapovalov told a news conference.

“The IMF confirmed that we met all conditions we undertook at the first stage,” Shapovalov said. “We have two criteria: the monetary base and the net international reserves at the rate fixed as of the date when the program was set up. We met both conditions, he added.


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President worried about the situation with ‘Artek’

Posted by the Editor on January 29, 2009

News / 29 January 2009 | 13:20

President worried about the situation with ‘Artek’

President Victor Yushchenko wrote a letter to Prime Minister Yulia Tymoshenko expressing concerns about the situation with International children’s center ‘Artek’, president’s press office reported.

According to him the Presidential Decree of November 27 foreseeing the Government taking measures aimed at development of ‘Artek’ has not yet been implemented; moreover, some mass media recently announced allegations about the Government pushing ‘Artek’ towards bankruptcy to later sell out the property to private investors.

In this regard President Yushchenko addressed Prime Minister Tymoshenko with the request to apply measures in order to normalize functioning of the recreation centre.


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Kiev mayor sacks zoo chief for failing to find mate for elephant

Posted by the Editor on January 29, 2009

News / 29 January 2009 | 12:30

Kiev mayor sacks zoo chief for failing to find mate for elephant

(RIA Novosti) The mayor of Ukraine’s capital Kiev said he sacked the head of the city’s zoo after he failed to find a “wife” for a male elephant, Ukrainian media reported on Thursday.

Kiev Mayor Leonid Chernovetsky said he sponsored the elephant through Kiev zoo’s sponsorship program, and his deputies are also involved in the project.

“Today… I remembered that I feed the elephant 100,000 hryvnas ($13,000) per quarter or per month – I don’t remember exactly,” he said.

“He eats a lot,” Chernovetsky went on. “He is single and needs a wife – he is 30 years old and has no wife, although he is good-looking, even handsome.”

The mayor, notorious for his extravagant initiatives, recently raised the idea of establishing a pet cemetery to be managed by the Kiev Zoo.

“If you want to bury your pet frog, [you should] order a headstone [for it]. We will engrave it and charge $1,000, just to let the frog know that it was born for a reason,” he said.


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