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Archive for January, 2011

Yanukovych trying to attrack investments from Switzerland and UK

Posted by the Editor on January 28, 2011


News / 28 January 2011 | 12:53

Yanukovych trying to attrack investments from Switzerland and UK

Yanukovych trying to attrack investments from Switzerland and UK

During his trip to Davos to take part in the World Econpmic Forum President Viktor Yanukovych held a meeting with President of the Confederation of Switzerland Micheline Calmy-Rey. The President of Ukraine said that the meeting is a good opportunity to discuss several issues of mutual interest for Ukraine and Switzerland. 

“We have a lot in common. Ukraine and Switzerland are neutral countries,” Viktor Yanukovych said. 

The President also welcomed the signature of a Free Trade Agreement between Ukraine and the European Free Trade Association, comprising Switzerland, Norway, Iceland and Liechtenstein on June 24, 2010. 

He, moreover, reminded that Switzerland is a donor to the Chernobyl Shelter Fund. 

“I hope we will only intensify all of these directions of cooperation, and add dynamism to our relations,” Viktor Yanukovych stressed, presidential press office reported. 

President Yanukovych has also invited President Micheline Calmy-Rey to visit Ukraine in April to take part in the International Conference “25 years since the Chornobyl disaster. Security of the future. 

Yanukovych also had a meeting with the Prince Andrew, Duke of York, Special Representative for International Trade and Investment of the UK.

President Yanukovych said that the UK is a reliable and important partner for Ukraine. He also said that our country is happy about the revival of Ukrainian-British cooperation.

For his part, Prince Andrew noted the substantial interest of British companies in investing in Ukraine, particularly in agriculture.

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Ukraine intends to offer the EBRD participation in its investment projects

Posted by the Editor on January 28, 2011


News / 28 January 2011 | 11:01

Ukraine intends to offer the EBRD participation in its investment projects

Ukraine intends to offer the EBRD participation in its investment projects

“Ukraine highly appreciates the cooperation with the European Bank for Reconstruction and Development and is ready to develop it further,” President Yanukovych said at the meeting with EBRD President Thomas Mirow, presidential press office reported. 

“We are generally pleased with the level of partnership relations with the EBRD,” he said, “We wish that you continued the Shelter program, and that we could discuss increasing the Shelter Fund.” 

He noted that new donors could be invited to the process and the relevant work could be conducted in the framework of the International Conference “25 Years since the Chernobyl disaster. Security of the future. 

In this connection President Yanukovych thanked Thomas Mirow for the consent to take part in the preparation and financing of the conference. 

“Our further relations with the EBRD we consider strategic,” Viktor Yanukovych said, adding that Ukraine intends to offer the EBRD participation in its investment projects. 

He reminded that the EBRD had contributed to implementing 200 investment projects in Ukraine. “Thanks to cooperation with you, we are gradually restoring stability of the Ukrainian financial system,” said. 

Viktor Yanukovych stressed that due political stability and reforms launched in 2010, Ukraine managed to get positive economic and financial results. In particular, GDP growth was about 4,5%, industrial production – about 11% and exports – about 30%. 

“The reforms, which were started in Ukraine, now have trust of our partners in the world,” he said, adding that evidence to this are the improving credit ratings of Ukraine. 

He also drew attention to the restoration of cooperation with the IMF, which also positively influenced the development of national economy and improvement of the image of our country in the world. 

“In 2011 we will continue to modernize the economy and other areas of life of our country. There will be reforms launched on 21 different directions,” Viktor Yanukovych said. 

“Cooperation with our partners and trust in Ukraine are very important for us… The reforms are also aimed at increasing confidence in our country in the whole world,” Viktor Yanukovych said. 

For his part, the EBRD President expressed satisfaction with the stabilization of political and economic situation in Ukraine. In particular, he praised the resumption of cooperation of our country with the IMF and other partners. 

“We still consider Ukraine a very important strategic partner and are ready to continue the investment policy at a high level,” he said. 

Thomas Mirow also confirmed his intention to take part in the 25th anniversary of the Chernobyl disaster conference. “I will personally supervise the preparations on our side,” he said.

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UN promises to cooperate with Ukraine

Posted by the Editor on January 27, 2011


News / 27 January 2011 | 16:10

UN promises to cooperate with Ukraine

UN promises to cooperate with Ukraine

President of Ukraine Viktor Yanukovych has met in Davos with UN Secretary-General Ban Ki-moon. Among the subjects discussed by the sides were nuclear and food security. President Yanukovych informed the UN Secretary-General that Ukraine successfully continues the preparation for the International Conference “25 years since the Chernobyl disaster. Security of the future.” 

“We are currently working with our donor countries. We look forward to high representation of participants of the conference and, undoubtedly, are preparing the appropriate decisions,” Viktor Yanukovych said. 

In the context of nuclear security, the President also informed on the agreements reached during his official visit to Japan, particularly on cooperation between Ukraine and Japan on nuclear safety and rehabilitation of the territories damaged by the Chernobyl disaster. 

“Considering the experience of Japan, it is very useful. We agreed that they will offer us their helping hand and we will work together,” he said, adding that he is deeply grateful for the agreement to cooperate received from the Prime Minister and the Emperor of Japan. 

President Yanukovych expressed the assurance that time has come for Ukraine to begin active restoration of the territories affected by the Chernobyl accident. He emphasized the undoubted importance of the technological expertise of Japan. 

Addressing the UN Secretary-General, President Yanukovych said: “We would like you to support us in this direction.” 

For his part, the UN Secretary-General expressed his hope that the International Conference dedicated to the 25th anniversary of the Chernobyl accident “will significantly increase the level of understanding of the importance of nuclear security.” Ban Ki-moon said that he looks forward to visiting Ukraine to take part in the conference, and hopes to meet with the President and Government officials to discuss with them the future of Ukraine’s partnership with the UN. 

The partnership between Ukraine and the United Nations is becoming more and more powerful and deep, Ban Ki-moon said. 

At the meeting the UN Secretary-General has also expressed his concern over the global trend of food prices growing. “This leads to crises in many countries,” Ban Ki-moon said. “We, the UN, are looking for ways to overcome these phenomena,” he said. 

Viktor Yanukovych and Ban Ki-moon have discussed the possibility of cooperation between the UN and Ukraine in overcoming the food crisis. “We aim to actively participate in the UN food security programs. Ukraine has the appropriate agricultural production capabilities. Therefore, we are ready to support the UN initiative in this area,” President Yanukovych said.

“We will cooperate closely with Ukraine,” the UN Secretary-General said. 

Referring to food security, President Yanukovych also noted the importance of agreements reached on this issue with Japan. “We are going to unite Ukraine’s efforts, and investment and technological capabilities of Japan to increase the production of food and its supplies to global markets,” Viktor Yanukovych said.

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Ukrainian Premier unveils government’s investment plans

Posted by the Editor on January 27, 2011


News / 27 January 2011 | 14:26

Ukrainian Premier unveils government's investment plans

Ukrainian Premier unveils government’s investment plans

The Ukrainian government has drawn up plans to invest $25 billion in projects to modernize the country’s economy in the next three years, Ukrainian Prime Minister Mykola Azarov said on Wednesday.

“A database of 125 regional strategic industrial projects valued at 200 billion hryvnias (about $25.2 billion)as well as 714 investment projects on economic and social development to the total amount of about 900 billion UAH, has been set up” Azarov said at a cabinet meeting on Wednesday.

The premier also named a number of development projects initiated and supported by the government

“The government will initiate and support the development of offshore oil and gas fields, which may facilitate extraction of 10 billion cubic meters of gas,” Azarov said.”Production of the Antonov An-140 and An-148 regional airliners, the reduction of energy consumption by smelters and high technology development will be among priority investment projects.”

According to Azarov then comes the construction of the processing and storage complexes for agricultural products (gross markets) in the central, western and southern parts of Ukraine which will enable to regulate domestic food prices by means of market mechanisms and improve the export potential of domestic agricultural products especially under the conditions of significant rise of world demand.

The goverment will also pay close attention to the metallurgical complex which includes replacing of energy efficient production of steel and metal-roll with energy effective one at an open corporations “Zaporizhstal” and “Donetsk metallurgical plant” that will significantly reduce  the cost of metal-roll for domestic market. According to the PM, this, first of all, will encourage the development of the building sector and improve the competitiveness of metallurgical production.

Some of the investment projects will be financed by EU, Russian and international financial structures, he said.

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Ukraine, Poland mark 500 days until UEFA EURO 2012

Posted by the Editor on January 27, 2011


News / 27 January 2011 | 12:43

Ukraine, Poland mark 500 days until UEFA EURO 2012

Ukraine, Poland mark 500 days until UEFA EURO 2012

UEFA president Michel Platini said the co-host nations had made “tremendous progress” as Poland and Ukraine staged celebrations to signal 500 days to go until UEFA EURO 2012 kicks off.

“We have seen tremendous progress in the last year including new stadiums inaugurated and new air terminals put in operation,” Platini was quoted as saying on UEFA’s official website. The pace of the work has made us at UEFA very confident that the necessary infrastructure will be ready well in advance.”

He added: “Five hundred days may seem a long time to go, but for an event of such magnitude every day counts and we are going to continue our fruitful partnership with the governments of the host countries, the host cities and the local organising committees to ensure a festive and unforgettable UEFA EURO 2012 in Poland and Ukraine.”

All four host cities in Ukraine marked the latest EURO milestone. In Kharkiv, 2,000 schoolchildren attended a special lesson called ‘We are the hosts of EURO 2012’ at the city’s main concert hall, with national tournament organiser Markiyan Lubkivskiy among the speakers.

“Five hundred days to EURO 2012 is a real milestone in our preparations,” Lubkivskiy explained. “From today we can start the countdown to kick-off, and this is a significant signal to the tournament organisers, the host countries and the fans. Time is ticking on and we will not waste even a minute. In 500 days, Ukraine and Poland will welcome guests from all over the world for the greatest footballing event in Europe.”

Meanwhile, in Donetsk, mayor Olexandr Lukyanchenko presented his city’s marketing programme for the finals, and demanded even more commitment as the finals draw closer. “We have to put even more effort in as preparing for the tournament is a huge responsibility for the city and the whole region,” he said. “We must fulfil our obligations.”

Quizzes and competitions in the local media – and out on the streets – helped spread the 500 days to go message in Lviv. Kyiv – host city for the final itself – held a series of round-table discussions which culminated in the signing of a special agreement between the capital’s administration and the local student governing body on the selection and training of volunteers for the finals.

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Priorities of economic policy for 2011 determined

Posted by the Editor on January 27, 2011


News / 27 January 2011 | 11:02

Priorities of economic policy for 2011 determined

Priorities of economic policy for 2011 determined

One of priorities of the state economic policy in 2011 should be complex reformation of natural and infrastructure monopolies, raising work efficiency of NJSC Naftogaz of Ukraine, First Vice Premier and Economic Development and Trade Minister Andriy Kliuyev believes, his press service informed, according to UKRINFORM.

As concerns the industry, according to Kliuyev, formalization of ownership rights should be ensured in Ukraine, since there are many industrial property objects and objects of other economy sectors, for instance Zasiadko Mine that are used de facto by private companies, but for which the title has not been legally registered till now.

It is necessary to create conditions so that state business was profitable, otherwise unprofitable objects, for instance mines, should be privatized.

In the agroindustrial complex, Kliuyev is convinced, it is necessary to implement a concept of the agroindustrial complex development and food security, to ensure a solicitous attitude toward using land and water resources.

As concerns investment activities, according to the First Vice Premier, in every region a system of investment process management should be set up.

“Our task is to reorient internal and world flows of investment resources toward development of the Ukrainian economy. Strengthening of economic diplomacy is determined by the President of Ukraine as one of main trends in the foreign economic policy,” Andriy Kliuyev emphasized.

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Tymoshenko denied permission to visit Brussels

Posted by the Editor on January 26, 2011


News / 26 January 2011 | 17:50

Tymoshenko denied permission to visit Brussels

Tymoshenko denied permission to visit Brussels

The Ukrainian Prosecutor General’s Office has refused to authorize former prime minister and current opposition leader Yulia Tymoshenko’s trip to Brussels, prosecutors said on Wednesday.

Tymoshenko has been ordered not to leave the country over a criminal case initiated against her by the Prosecutor General’s Office. The former prime minister is accused of spending money intended for ecological programs to pay pensions.

“During yesterday’s questioning, an investigator rejected Tymoshenko’s request to allow her to go to Brussels because she did not submit a proper invitation letter,” the Prosecutor General’s Office said in a statement.

Tymoshenko was invited to visit Brussels between January 31 and February 4 by the leadership of the European People’s Party (EPP), the largest party in Europe. Wilfried Martens, the party head, and Antonio Lopez-Isturiz White, a member of the party’s bureau, expressed their concern on behalf of the party over Tymoshenko’s “persecution” in Ukraine.

Tymoshenko reportedly said her application had not been satisfied because she had not submitted a Ukrainian translation of the invitation letter, which was written in English.

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Azarov: Ukrainian gas pipelines could be modernized only with participation of EU, Russia

Posted by the Editor on January 26, 2011


News / 26 January 2011 | 16:33

Azarov: Ukrainian gas pipelines could be modernized only with participation of EU, Russia

Azarov: Ukrainian gas pipelines could be modernized only with participation of EU, Russia

The modernization of the Ukrainian gas transport system has prospects only with the participation of Russia and the European Union, Ukrainian Prime Minister Mykola Azarov said at a meeting with German businessmen, UKRINFORM reported.

“We understand quite well that without the consent of the Russian side and without the participation of the European Union, the issue of modernizing our gas transport system and its existence has no prospects,” the prime minister said, according to the information and communications department of the Cabinet of Ministers’ secretariat.

The prime minister said that it was currently impossible to reach a tripartite agreement – between Ukraine, Russia and the EU. “We are holding talks. I cannot say that we have made some progress. But I also cannot say that they the talks have been deadlocked,” he said.

Azarov also said that Ukraine intended to invest in the development of its own oil and gas complex. In particular, this year it is planned to build a platform for the drilling of wells on the shelf and to develop non-traditional fields, he said. “Our oil and gas complex has prospects, and the government will seriously deal with its development,” he said.

The prime minister also said that negotiations on the creation of a joint venture between Ukraine and Russia, which will deal with gas issues, were at the stage of assessing the assets, in particular, the issue of making contributions to the statutory fund of the joint venture.

“The question arose: what assets will be included in the joint venture. If these are the assets that will allow us to have the necessary volumes of gas, then we are ‘for.’ But if these fields require the enormous investments of financial resources with unclear transportation schemes, then we are ‘against,'” the prime minister said.

Azarov said that the question of the European Union’s participation in the creation of such a joint venture was extremely important, because, in his opinion, it is necessary to have concrete guarantees about the amount of gas that will be produced by Russia, transported by Ukraine and consumed by the European Union.

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