Business news from Ukraine

ОККО-RETAIL TO START BUILDING SKI RESORT IN SLAVSKE, UKRAINE IN 2019

OKKO-Retail LLC plans to begin the construction of a ski resort in Slavske (Lviv region) in 2019, head of the Slavske united territorial community Volodymyr Beha has said.
“The ski complex in Slavske should become the best one in Ukraine. OKKO-Retail (Galnaftogaz Concert) entered Slavske and has been paying taxes to the local budget for two years,” the expert told reporters during a press tour.
According to him, the construction of the resort will begin in 2019 on the northern slope of the Zakhar Berkut Mount from the village of Verkhnia Rozhanka.
“In 2018 there will be work with technical documentation, approval and land allocation, and in 2019 construction will begin,” he said.
According to the project, the second phase of construction provides for building on the Trostianets Mount. The whole complex will include up to 65 km of ski slopes.
The total duration of the project is three or five years, the volume of investments is up to $500 million.
OKKO-Retail (Slavske) was established in 2000. According to the state register, the owner of 99% in the company as of January 2018 was PJSC Galnaftogaz Concern, whose ultimate beneficiary is Vitaliy Antonov.

UKRAINE EXPORTS 24 MLN TONNES OF GRAIN SINCE START OF 2017/2018 marketing year

Ukraine since the beginning of the 2017/2018 marketing year (MY, July-June) and as of January 31, 2018 had exported 23.953 million tonnes of grain.
According to the Ministry of Agrarian Policy and Food, the country has exported about 12.2 million tonnes of wheat, 3.9 million tonnes of barley, and 7.7 million tonnes of corn.
In addition, farmers exported 255,400 tonnes of flour.
As reported, with reference to the ministry, Ukraine in the 2016/2017 MY exported 43.9 million tonnes of grain.
According to the ministry’s forecasts, grain exports from Ukraine in the 2017/2018 MY will amount to 41 million tonnes.

Botiyevska wind power station RAISES ELECTRICITY GENERATION BY 4% IN 2017

Botiyevska wind power station (Zaporizhia region), part of DTEK RES, in 2017 increased its electricity production by 4.2% (by 25.916 million kWh) compared to 2016, to 639.142 million kWh, according to the calculations of Interfax-Ukraine based on data from the Ministry of Energy and Coal Industry.
As reported, in 2011 DTEK began the construction of Botiyevska wind farm in Zaporizhia region and in October 2012 launched its first stage. At present the installed capacity of the plant is 200 MW.
DTEK RES’ portfolio, in addition to Wind Power with the operating 200 MW Botiyevska wind farm, also includes projects for the construction of other wind farms at various stages of development. The project to build Prymorska wind farm with a capacity of 200 MW is at the latest stage of development. The possibility of its implementation until 2020 is being considered.
In January 2017 DTEK signed a contract with General Electric Renewable Energy for the supply, installation and maintenance of 26 wind turbines with a capacity of 3 MW each for the construction of the first stage of Prymorska wind farm. The wind turbines will be delivered to Ukraine and installed on the site of Prymorska wind farm in 2018.

PM GROYSMAN: PARLIAMENT SHOULD ADOPT 35 BILLS TO SPEED UP ECONOMIC GROWTH

UKRAINIAN PRIME MINISTER VOLODYMYR GROYSMAN has said that the Verkhovna Rada should adopt 35 bills, which, in his opinion, will create conditions for improving the business climate and economic growth in the country.
“We are talking about 35 bills that are very necessary for us to accelerate economic growth. It is very important that this growth be not wavy and we keep this growth trend as much as possible,” he said at a government meeting in Kyiv on Wednesday.
According to him, the bills are only part of the state policy that will help the government create conditions for economic growth.
“A package of measures, following the adoption of the necessary bills in the Ukrainian parliament, will help create conditions that will be assessed by business, and the business will do its job. It will invest in the development of the national economy,” Groysman added.
He named a number of priorities for the government in 2018 that will help change the business environment and create conditions for rapid economic growth, in particular, ensuring transparent access to public resources for business, ensuring deregulation and improving the business climate, protecting business rights, easing access to finance, as well as promoting innovation.