Page 59 - UKRRptJun21

CEO of Naftogaz (NAFTO) had been signed on the same day. Yermak assured the ambassadors of G7 countries, Sweden and the EU at a meeting with them that a new Naftogaz CEO would be elected in an open competition that would start in about six months, or when a new supervisory board of the company starts working. He also said that the existing Naftogaz supervisory board would be offered to stay “under guarantees of preserving a constructive dialogue with the new CEO.” Yermak also asked the western governments “to join in the preparation of a draft law on improving corporate governance” of state-controlled companies.
9.1.2 Automotive sector news
Renault and ZAZ, or Zaporizhia Automobile Building Plant, plan to produce 10,000 cars this year, rising from a seemingly terminal decline. Once Ukraine’s biggest car plant, ZAZ stopped car production in 2018. Last September, Renault Group signed an agreement with ZAZ to make cars for the domestic market. In the post-Soviet era, ZAZ production peaked in 2008 with 257,600 cars.
Car imports jumped 9%, to 125,800, during the first quarter, compared to January-March of last year, reports Ukravtoprom, the vehicle industry association. In dollar terms, imports of cars, trucks and buses, were up almost 18%, to $1.17bn.
President of Ukraine Volodymyr Zelenskiy signed off on a law that introduces preferential duties on cars imported from the EU to Ukraine on May 13 in a move that will be popular with the people who largely rely on the import of second hand German cars.
"These laws, adopted by the Verkhovna Rada on April 15, 2021, temporarily simplify the customs clearance mechanism for cars imported from Europe, and
59 UKRAINE Country Report XXXX 2018 www.intellinews.com