Volodymyr Kistion: Ukraine and the Czech Republic have necessary preconditions to stir up bilateral cooperation

The active development of economic cooperation with EU countries, including the Czech Republic, is a priority area of Ukraine's foreign economic policy. Vice Prime Minister of Ukraine Volodymyr Kistion stated during a meeting with Minister of Industry and Trade of the Government of the Czech Republic Tomáš Hüner.

According to him, the stabilization of the socio-economic situation in Ukraine and the positive dynamics demonstrated by the Czech economy create favorable conditions for the intensification of bilateral cooperation in the trade, economic and investment spheres.

The parties stressed the positive trend of growth of volumes of foreign trade turnover between the countries had been preserved, which last year had increased by almost 30% and amounted to USD 1.7 billion.

Moreover, the sides emphasized there were significant prospects for deepening bilateral cooperation both in the traditional spheres - industry, energy, and in high-tech, innovative industries as well.

"Apart from the traditional directions of cooperation for our countries – automotive industry, energy and transport engineering, we consider rather promising joint projects in the energy sector as well", said Volodymyr Kistion during the meeting.

The Vice Prime Minister of Ukraine added that Ukraine, in particular, was interested in studying the experience of the Czech Republic in creating a system for balancing gas and electricity at one platform, which is an exception in Europe.

"We also consider successful participation in the implementation of projects in the field of nuclear energy, in particular the involvement of Czech specialists in the construction of Units 3 and 4 of the Khmelnitsky NPP, those having extensive experience in the design of nuclear facilities", summed up Volodymyr Kistion.