ID :
164931
Tue, 03/01/2011 - 09:48
Auther :

UKRAINE KEEN TO ENHANCE TRADE & INVESTMENT LINKAGES WITH MALAYSIA

By Zarul Effendi Razali

KUALA LUMPUR, March 1 (Bernama) -- Ukraine, the former Soviet Union state in Eastern Europe, is keen to share its expertise in nuclear power plant technology with Malaysia as part of efforts to enhance bilateral trade and investment linkages.

Its Ambassador to Malaysia, Ihor V. Humennyi, said Ukraine had immense expertise in nuclear power technology, which it could share, given that Kuala Lumpur was keen to develop nuclear power plants.

The move will also enhance efforts by Ukraine to improve two-way trade and investment linkages which are now at almost negligible levels, Humennyi told Bernama after a meeting with the national news agency's Editor-in-Chief, Yong Soo Heong on Monday.

Humennyi was appointed his country's envoy to Malaysia last August.

A large number of Malaysian students are also pursuing a medical course at the Crimea State Medical University (CSMU).

The second largest country in Europe afer Russia, with its capital in Kiev, Ukraine is a republic whose economy mainly comprises energy, tourism, companies related to industries as well as the manufacture of transportation vehicles and
spacecraft.

Ukraine is heavily dependent on nuclear energy with 15 reactors
generating about half of its electricity at four nuclear power plants, operated by Energoatom, the country's nuclear power utility.

The ambassador said that although the Ukraine government was currently in business ventures with several companies in Malaysia, including Petronas, commercial linkages had still a long way to go before they became significant.

Ukraine's main import from Malaysia is palm oil.

He said that Malaysian companies could use Ukraine as a gateway to the regional markets bordering the country including Russia, Poland, Belarus, Slovakia, Hungary, Romania and Moldova.

The Ukrainian envoy also said that his country was currently trying to find sources of green energy as an alternative to nuclear power technology.

Based on news reports, in January this year, an Ukrainian company, Sumy Frunze NPO JSC company, had given Petronas a contract for the supply of a complex gas treatment plant (CGTP) for one of the fields in Uzbekistan.

Sumy Frunze is a machine-building company in Europe manufacturing
equipment for oil, gas and chemical industries.

X