Page 61 - UKRRptJun19

Ukraine’s new oil and gas production sharing agreement mechanism is drawing blasts from from the American Chamber of Commerce – days before tenders are due and awards are to be made. “PSAs are not used in any EU country, and their use in Ukraine only underlines the urgent need for reforms in the existing oil and gas fiscal and regulatory regime,” the ACC says. “The criteria discriminating PSA and other [license] blocks are unclear. The current PSA process is seriously flawed. A single, fair, stable and non- discriminatory environment for oil and gas is one of the key factors in attracting major international investment.”
9.1.2 Automotive sector news
First time registrations of used imported cars totalled 207,000 for the first four months of this year, eight times the number of the same January-April period last year. By contrast, 25,300 new passenger cars – all imports -- were registered during the same period, 3% fewer than during the first four months of last year. The flood of imports is due to lower taxes in Ukraine and growing restrictions in Germany against diesel cars. Of new registrations of used imports, 53% were for diesels, according to Ukravtoprom, the industry association.
9.1.3 Transport sector news
● Planes
Over the next 25 years, Kyiv’s Borsypil airport is to undergo a major €3.4bn expansion to handle 54mn passengers – four times today’s level. Under a long range development plan approved last week by the government, the airport’s land area would increase by two thirds, to 1,538 hectares, Viktor
61 UKRAINE Country Report June 2019 www.intellinews.com