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UBJ AM News: Apr. 13, 2017
Coca-Cola has invested $490 million for 25 years in Ukraine; Kyivenergo plans to invest $20.5 million in reconstruction and development; Cabinet of Ministers has approved hiring an external advisor on the reforming state-owned banks.
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

• Germany's SAP SE, the world's largest producer of software for enterprise management, says it will invigorate activities in enterprise resource planning solutions for small and medium-sized businesses in Ukraine, Interfax-Ukraine reported.

• Coca-Cola, one of the world's largest producers of soft drinks, has invested $490 million over the 25 years of its activity in Ukraine, Interfax-Ukraine reported. That is around 1% of total foreign direct investment in Ukraine said Tetiana Sytny, of the GfK Ukraine international research company.

• State Food-Grain Corporation plans to spend $5 million to modernize enterprises in 2017, the corporation's press service has reported.

• The first Ukrainian telecommunications satellite Lybid, built with Canada and Russia, could be placed into orbit in the fourth quarter of 2017, Yuriy Radchenko, acting Head of the State Space Agency of Ukraine, has said, Interfax-Ukraine reported.

• Each additional one billion dollars of foreign investment adds 1% to Ukraine’s GDP growth, Yulia Kovaliv, head of the National Investment Council, said during a forum on foreign direct investments, Ukrinform reported.

• The National Bank of Ukraine has received documents to approve the sale of Sberbank's Ukrainian subsidiary to a consortium of Latvian-based investors, the central bank's press service has told Interfax-Ukraine.

• The Cabinet of Ministers of Ukraine has planned that social standards in 2017 will increase by 10% with an inflation index of 8.4%. Social Policy Minister Andriy Reva said this during his report to the parliamentary committee, Ukrinform reported.

• The Verkhovna Rada of Ukraine has adopted a law to speed completion of a deal between Ukraine and the European Investment Bank to receive EUR 200 million to develop public transport in Ukraine cities.

• Kyivenergo plans to invest around $20.5 million in reconstruction and development of heat networks and power lines this year, Executive Director Alina Bondarenko said at a briefing, Interfax-Ukraine reported.

• Ukraine's Cabinet of Ministers, under a proposal of the Finance Ministry, has approved the hiring of an external advisor who will advise the ministry to upgrade its strategy for reforming state-owned banks, Ukrainian News Agency reported.

For comments and story tips, please contact UBJ Kyiv Correspondent Vitalii Dubenskyi at this email: vitalii.dubenskyi@theubj.com

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