Business news from Ukraine


12 May , 2020  

The European Investment Bank (EIB) could provide a loan in the amount of EUR 50 million to Unit Holdings LLC for the development of the UNIT.City innovative campus.
According to an explanatory note to the draft Cabinet of Ministers resolution on approval of the letter of the government of Ukraine to the European Investment Bank on the Innovative Campus for Ukraine project, the bank on December 12, 2019 received a request for support from Unit Holdings in the amount of EUR 50 million to finance the development of project documentation and building individual components of the innovative campus.
The government, in turn, plans to approve and send a letter to the bank on the belonging of the financing proposal to the scope of the framework agreement Between Ukraine and the EIB.
The Innovative Campus for Ukraine project is implemented by Unit Holdings within the framework of the goals of the state policy, approved by the Cabinet of Ministers activity program adopted by the parliament in October 2019.
UNIT.City Innovation Park officially opened in April 2017 in the territory of the former Kyiv Motorcycle Plant.
Unit Holdings LLC was established in November 2017. Its core business is the development of construction projects. According to the unified state register, the ultimate beneficiary is the founder of UFuture holding, Vasyl Khmelnytsky.
UFuture is a holding company that combines Khmelnytsky’s business and social projects. It has a diversified portfolio of assets in real estate, infrastructure, industry, renewable energy, pharmaceuticals and IT. The value of UFuture’s assets is estimated at $550 million. The total capitalization of the businesses in which it invested exceeds $1 billion.