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Archive for July 20th, 2009

Energy sector a priority for Ukraine in cooperation with Libya

Posted by the Editor on July 20, 2009


News / 20 July 2009 | 17:37

Energy sector a priority for Ukraine in cooperation with Libya

Ukraine sees energy sector as one of strategic directions in cooperation with Libya, Prime Minister Yulia Tymoshenko has today told a meeting of the Ukraine-Libya Cooperation Commission, according to UkrInform.

Ukraine is interested in establishing a joint venture involving the Ukrainian and Libyan capital for the construction of an oil refinery in Ukraine, she specified.

According to Secretary of the General People’s Committee of Libya al-Baghdadi Ali al-Mahmudi, the country is interested not only in setting up an oil refinery in Ukraine, but in Ukraine’s participation in oil exploration, production and selling in Libya.

Tymoshenko also noted that Ukraine holds an interest in Libya’s involvement in privatization of the Odesa Portside Plant.

Al-Baghdadi Ali al-Mahmudi confirmed his country’s intention to take part in this tender.

Apart from this, the Ukrainian Premier claimed that Ukraine can provide Libya with 100,000 ha of farm lands for grain growing, construction of a large cattle-breeding plant and elevators.

ForUm

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President vetoed new budget code

Posted by the Editor on July 20, 2009


News / 20 July 2009 | 16:49

President vetoed new budget code

Ukrainian President Viktor Yuschenko has vetoed the new wording of the Budget Code and returned it to the Verkhovna Rada with his proposals, first deputy head of the presidential secretariat Oleksandr Shlapak has said.

“The president has, as expected, vetoed the new wording of the Budget Code, which was recently passed by the parliament,” he told a briefing on Monday.

 
The president has sent his proposals on the document to the Verkhovna Rada, Shlapak said.
 

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Joe Biden arrived in Ukraine

Posted by the Editor on July 20, 2009


News / 20 July 2009 | 16:00

Joe Biden arrived in Ukraine

U.S. Vice-President Joe Biden arrived in Ukraine on Monday to reassure its leaders Washington has not forgotten the ex-Soviet republic following President Barack Obama’s push to improve ties with neighbouring Russia, Kyiv Post reported, referring to Reuters.

But, with Ukraine paralysed by domestic political feuds and suffering a deep economic recession, Biden will find a country less interested in the United States and NATO and more preoccupied with its own internal problems.

The streets of Kiev were shut down for security reasons for Biden’s visit. But ordinary Ukrainians were largely indifferent to the vice-president’s arrival and newspapers had little coverage ahead of his arrival. Biden’s visit comes two weeks after Obama met Russian President Dmitry Medvedev in Moscow and told him he wanted to “reset” relations that had hit a post-Cold War low under former U.S. President George W. Bush.

“This is the balancing trip by Biden to Obama’s Moscow visit but the balance is very different to that under the Bush administration,” said Christopher Granville of Trusted Sources, an emerging market research firm in London.

“It is the vice-president making the balancing trip and not the president, after all.”

President Viktor Yushchenko, vaulted to power in the 2004 Orange Revolution, has angered Moscow with an aggressive bid for Ukraine to join NATO and his promotion of Ukrainian nationalism.

But Yushchenko’s term ends early next year and polls show he is very unlikely to win re-election in the Jan. 17 poll. The favourites to succeed him, including Prime Minister Yulia Tymoshenko, prefer a less confrontational approach towards Russia.

“For Ukraine, the most important issues are U.S. guarantees of Ukraine’s security, the determination of future Ukrainian-U.S. co-operation in defence and also the continuing support from the United States of Ukraine’s process to enter NATO,” Yushchenko’s deputy chief of staff, Andriy Goncharuk, said last week.

He said Ukraine wanted “clear and public” signals of support from the United States on issues of national security.

Yushchenko has made NATO accession the lynchpin of a policy of Western integration and told Moscow it must vacate its naval base in Sevastopol in 2017 when Russia’s lease runs out.

Many observers say the combination of Russia’s base, Ukraine’s NATO aspirations, and Crimea’s mostly Russian-speaking population is a diplomatic tinderbox waiting to explode.

Biden is expected to signal support for Ukraine but the Obama administration is less strident than Bush in backing Yushchenko’s NATO bid.

He will also tell the country’s leaders that Washington is concerned about the political paralysis gripping Ukraine and will urge Yushchenko and Tymoshenko to “live up to the promise of the revolution”, Biden’s national security adviser, Tony Blinken, told reporters on Friday. [ID:nN17493138]

A snap poll by the English-language Kyiv Post found that 66 percent of respondents wanted Biden to tell Ukraine’s leaders: “Get your act together” while only 5 percent suggested “Resist Russia with all your might”.

Biden is also expected to call for reforms in the energy sector, beset by financial woes and ageing infrastructure.

Ukraine is a major transit country for Russian gas going to Europe but rows over prices and Kiev’s struggles to pay for increasingly expensive gas led Russia to cut off supplies for a time to millions of Europeans in January.

The vice president will leave Kiev on Wednesday for fellow ex-Soviet state and NATO aspirant Georgia, which fought a brief war with Russia last August after an unsuccessful military assault by Tbilisi on the pro-Moscow rebel region of South Ossetia.

ForUm

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Yanukovych: Ukraine’s future president and premier should be from one team

Posted by the Editor on July 20, 2009


News / 20 July 2009 | 13:15

Yanukovych: Ukraine’s future president and premier should be from one team

The future president and premier should be from one team, Regions Party leader Viktor Yanukovych said, Interfax-Ukraine reported.

“It is possible to have only one team in Ukraine. It is impossible to form two effective teams in Ukraine. Only one team can be strong, efficient and capable of realizing its goals,” Yanukovych said on Ukrainian television’s 5th channel on Saturday night.

Yanukovych said that taking into account the number of professionals in the teams of the various political forces, “it will be very difficult to compete with us [the Regions Party]. It is impossible. We obviously have a very strong team.”

At the same time, other political forces also have professionals capable of effective work, Yanukovych said.

“Speaking about the unity of the state, we should never disregard these people, even if they are from other political forces,” he added.

ForUm

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VRU to hold extra session on Friday

Posted by the Editor on July 20, 2009


News / 20 July 2009 | 12:54

VRU to hold extra session on Friday

VRU to hold extra session on Friday

Extra session of the VRU will take place on Friday July 24, the ForUm’s correspondent informs.

“In accordance with the second part of the article 83 of the Constitution of Ukraine, article 11 of the regulations of the VRU, initiative of 151 MPs is registered in the VRU which foresees holding of extra session,” it is said in the statement of the VRU informative department.

Before the session the council of parliamentary factions will take place.

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Yushchenko congratulated Colombian President on independence day

Posted by the Editor on July 20, 2009


News / 20 July 2009 | 12:11

Yushchenko congratulated Colombian President on independence day

President Viktor Yushchenko congratulated his Colombian colleague Alvaro Uribe Velez on national holoday of Colombia – Independence Dya, the ForUm’s correspondent informs, referring to the press service of the president.

In his greeting message Viktor Yushchenko expressed hope for the development of mutually beneficial cooperation between Ukraine and Colombia.

“I am sure that, thanks to mutual efforts at the interstate level, mutually beneficial cooperation between Ukraine and Colombia in political, economic, humanitarian and cultural spheres will further develop in the spirit of traditional friendship and mutual understanding,” he says.

Yushchenko wished to Velez health and successes in his state activity, as well as peace, accord and prosperity to the people of Colombia.

ForUm

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Yatsenyuk: Gas contract harms Ukrainian competitiveness

Posted by the Editor on July 20, 2009


News / 20 July 2009 | 11:47

Yatsenyuk: Gas contract harms Ukrainian competitiveness

The gas contract signed by the present Ukrainian government will soon negatively affect the competitiveness of a range of Ukrainian sectors, according to Arseniy Yatseniuk, the Front for Change initiative leader, Kyiv Post reported.

The press service of the Front for Change initiative reported that he gave his views during his visit to a mine at OJSC Pivdenny (Southern) Ore Mining and Beneficiation Mill in Kryvy Rih last week.

Asked how the competitiveness of the Ukrainian metals sectors hinges on the price of gas, Yatseniuk said that according to the contract, the prices of gas in Ukraine are pegged to the price of oil.

“Over the four past months, oil prices have doubled. If the price of oil reaches $100 per barrel, Ukraine would have to pay $600 per thousand cubic meters of gas,” he said.

“Today, Ukrainian industrial companies buy gas at UAH 2,600 [per thousand cubic meters]. I don’t know why people are saying it is $150-200 per thousand cubic meters. This is the concrete price at Dnipropetrovsk-based Petrovsky Steel Mill. The mill’s director showed me realistic information – UAH 2,600 per thousand cubic meters, and this is over $300,” he said.

The Front for Change initiative leader named the factors that were harming Ukrainian competitiveness, including the worst gas contract with Russia in Ukrainian history.

“First, the absence of energy efficiency, secondly, the top position in the world in energy consumption per dollar of GDP, and third, one of the worst gas contracts in Ukrainian history, and best in the history of [Russia’s] OAO Gazprom, has crippled Ukrainian competitiveness,” he said.

ForUm

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Ukraine to get loan only after Naftogaz’s reform

Posted by the Editor on July 20, 2009


News / 20 July 2009 | 11:15

Ukraine to get loan only after Naftogaz’s reform

Representatives of the International Monetary Fund (IMF), the European Bank for Reconstruction and Development (EBRD) and the World Bank (WB) call the reformation of NJSC Naftogaz of Ukraine as a major precondition for providing a loan to Ukraine.

The relevant recommendation was presented during talks involving representatives of Ukraine, Russia, IMF, EBRD and WB in Brussels. The main objective of the meeting was elaboration of a program of activities intended to prevent a new gas crisis.

The negotiations will be continued next week in Kyiv.

At the June 29 consultations of the European Commission with representatives of Ukraine, Russia and international finance institutions, Ukraine was offered a loan for filling the underground gas storages with the volumes needed to ensure a trouble-free transit of the Russian gas to the EU in winter period.

 
At the same time, the European party set forth a range of conditions regarding the reformation of the Ukrainian gas sector to raise the credit.
 
Source: UkrInform

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