Business news from Ukraine

EBRD TO STUDY INVESTMENT ATTRACTIVENESS OF UKRAINE’S WASTE MARKET IN SIX MONTH – MINISTRY

29 May , 2015  

KYIV. May 28 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) plans in June 2015 to present a draft study of solid waste treatment in Ukraine to define opportunities for raising funds for the sustainable development of municipal solid waste treatment.

According to the Ministry of Regional Development, Construction, Housing and Utilities Services, the decision was made after a meeting of representatives of the ministry and the bank to discuss implementing the project on May 27.

“The main directions of the project, its objectives and the ways of implementation will be presented. The term of the project implementation to study the investment attractiveness of solid waste treatment will be six months,” reads the report.

According to the ministry, it is expected that the participants in the research project realized by the EBRD will be representatives of the government and local authorities, businesses, and the general public.

As reported, in mid-October 2014 the director for solid waste recycling at Ukrecoresursy, a liquidated state-owned enterprise (Kyiv), Ara Safarian, said that the total volume of solid waste accumulated in Ukraine exceeds 11-12 million tonnes per year. Of these, 40% is packaging and bottles. The annual growth of solid waste is 3-5%.