Business news from Ukraine

Business news from Ukraine

Investment potential of Bukovyna will be demonstrated in Chernivtsi at FIT for Ukraine industry forum

On April 12, UkraineInvest, in partnership with the Chernivtsi Regional Military Administration, will hold the ninth in the series of FIT for Ukraine Forum: Fruit and Vegetable Processing in Chernivtsi. The event will present analytical materials on the state of the sector in the region, investment opportunities, and government incentives for investment projects. The event will be held offline, but everyone will be able to join the live broadcast.

Key topics include:
● attracting investment in fruit and vegetable processing
investment policy, analytics and prospects for the region’s development
● creation of a cluster of fruit and vegetable producers
● experience of investors working in Chernivtsi region.

The forum will also include an EXPO zone where companies will have the opportunity to present their products and services, which will become an effective tool for promoting goods and services to foreign markets and a platform for establishing mutually beneficial contacts between potential business partners.

Currently, about 200 companies with foreign capital from 28 countries operate in Chernivtsi region. Bukovyna ranks 1st in terms of fruit and berry production and yield in Ukraine. To support small producers and the industry as a whole, there is a need to establish fruit and berry harvesting and processing facilities in the agglomeration. This will make it possible to form large batches of products, process them and sell them, expanding the market, including to EU countries.

Program:
https://docs.google.com/document/d/1fnsHWARGP4c05aSdypo7Mux3QoTeznDzzWGGs8vARZA/edit?fbclid=IwAR1alkoHnuHknaLglR-zJPq6rQSek6oPISUx3j2g8Y8Av0pHA814aflzWd4

Registration for online viewing:
https://forms.gle/ggfKX4DSije5h2ueA

Media accreditation is required and runs until 18:00 on April 11. Contact person: Nazariy Volyansky, tel. +380630231193, e-mail: nazarii.volianskyi@ukraineinvest.gov.ua
For reference: UkraineInvest is a government office for attracting and supporting investment in Ukraine, which has been a state institution since 2018. The main priorities of the team are to attract and support investment in Ukraine. FIT for Ukraine is a series of sectoral analytical events for investors interested in rebuilding Ukraine. The platform promotes investment opportunities for Ukraine’s economic transformation.

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OTP Bank transferred UAH 1 million to Superhumans Center in February

In February, JSC OTP BANK transferred UAH 1 million to the account of Superhumans Center, a non-profit project that provides prosthetics, complex reconstructive surgery, rehabilitation and psychological support to Ukrainians who have been injured in the war.

The transfer was made under the charitable donation agreement for 2023-2024 concluded between the Bank and Superhumans Center, which provides for monthly support to the center. The funds are allocated to two crucial areas: support for the heroes, returning them to social life, and the creation of an educational center to scale up assistance and training for prosthetics specialists.

The total amount transferred by OTP Bank to the Superhumans Center is currently over UAH 28.8 million.

As a reminder, in 2023, OTP Bank held two charity auctions, during which it raised UAH 8.8 million. All funds were allocated to the prosthetics and rehabilitation center.

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The Government of Ukraine within framework of “eWork” increased amount of compensation for vineyard planting by almost 50%

The Government of Ukraine has expanded the terms of state grants under the program “eWork” for the development of horticulture, in particular, increased compensation for the cost of vineyard planting projects from 225 thousand UAH to 330 thousand UAH per 1 hectare of plantings, reported the Ministry of Agrarian Policy and Food on Wednesday.

It is indicated that the relevant changes to the Cabinet of Ministers’ resolution of June 21, 2022 № 738 were made by the resolution № 241 on the initiative of the Ministry of Agrarian Policy.

It is noted that the agreed document proposes to change the conditions of planting and arrangement of planting on the land plot or on adjacent plots.

According to the new norms, grants will be provided not only for planting not more than 25 hectares of plantations with the installation of irrigation systems and water intake, but also for the arrangement of plantations on the land plot or on adjacent land plots, the total area of which is from 1 to 25 hectares.

The resolution also allows location between land plots of farm tracks, runs, field protective forest strips and other protective plantings, boundaries (rivers, streams, canals, forest strips, vegetation strips, trees, paths, ravines, gullies, ravines, wetlands).

According to the adopted document, at the same time the Cabinet of Ministers obliged grant recipients to attach scanned copies of the project of construction of a modular greenhouse with cost estimates, which must be signed by the project developer and irrigation project (in the absence of a corresponding section with calculations in the project of construction of a modular greenhouse) with indication of water intake sources (previously, project estimates and indication of water intake sources were not required) when registering an application on the portal “Dia”.

The government grant program “eWork” has been in effect since July 1, 2022 and provides support for small and medium-sized businesses. Among its advantages is the opportunity for everyone to create or develop their own business in the areas of “Own Business”, “Own Garden”, “Own Greenhouse”, and “New Level”.

In 2023, 131 orders were issued for grants for the development of horticulture, berry growing, viticulture (UAH 432.8 million) and greenhouse farming (UAH 159.4 million). It is expected to create about 15 thousand jobs.

Grants are provided in the amount of no more than 70% of the project cost and no more than UAH 10 million. The grant recipient must finance with its own or credit funds at least 30% of the project cost. A mandatory condition is employment of a certain number of workers: for orchards – from 5 to 10 permanent and 125-425 seasonal workers depending on the name of plantings, for greenhouses – at least 4 permanent and 10 seasonal workers per 1 hectare.

Funding for agro-producers under the government’s eWork program during 2024-2025 is provided through World Bank support under the “Emergency Inclusive Support for Ukraine’s Agricultural Recovery (ARISE) Emergency Project”.

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Financing state budget deficit, bln UAH

Financing state budget deficit, bln UAH

Source: Open4Business.com.ua and experts.news

Kyivstar invests in IT training for children who lost their parents during war

Kyivstar, a leading mobile operator in Ukraine, is investing UAH 5.8 million in an educational initiative to help children who lost one or both parents during the war. The project aims to provide IT education and the necessary technical devices for more than 340 boys and girls in high school.
The mobile operator is joining forces with GoITeens, an online IT academy for children and teenagers, and dobro.ua, a charity platform, to launch an educational initiative aimed at supporting high school students who are wards of the Children of Heroes charity foundation, which takes care of more than 7,000 children who lost their parents due to the war.
“The IT industry in Ukraine has demonstrated incredible growth, and we at Kyivstar feel it is our duty to help develop the potential of our children. This is especially important for those who lost their parents during the war. Our investment in education and development of digital infrastructure is a reflection of the company’s social responsibility and contribution to creating a progressive future for Ukraine,” said Oleksandr Komarov, President of Kyivstar.
The GoITeens educational program embodies a project-based approach that will not only allow young people to successfully work as freelancers or in IT companies, but also to found their own technology startups before they start university. Kyivstar, emphasizing the importance of access to modern technologies in the educational process, partially provides children in need with laptops. This allows them not only to actively participate in real projects that meet the requirements of the modern IT market, but also provides them with practical skills and valuable experience that is the foundation for a future career in the industry.
“Our goal to provide quality education requires considerable effort and investment: in teachers, materials, and infrastructure. We are grateful to Kyivstar for supporting this important initiative, as 340 Ukrainian children will receive up-to-date IT education and the opportunity to create their own success story. This is a great contribution to the upbringing of children whose parents were killed by the enemy for our independence,” said Vyacheslav Polinovsky, CEO of GoITeens, an online IT academy for children.

The charity platform dobro.ua has created a project so that anyone who wants to help teenagers get an IT education can join and contribute to their education and the future of Ukraine.
“Educational projects are always in the focus of our platform. Education is the best investment a society can make in its future. Children who lost their parents during the war need deeper care and support. We will never be able to bring back their loved ones, but we can try to prepare them for adulthood, where they will be in demand as specialists,” emphasized Iryna Hutsal, director of the charity platform dobro.ua.

Kyivstar together with its partners calls on the community to join the initiative and train more children who lost one or both parents during the war. Our goal is to raise UAH 1.2 million and teach 500 children together.
Let’s teach our children because we live here!

About Kyivstar
Kyivstar is Ukraine’s largest electronic communications operator, serving 24 million mobile subscribers and more than 1.1 million Home Internet subscribers as of September 2023. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, Cloud solutions, cybersecurity services, digital TV, etc. Kyivstar helps subscribers, society and the country to overcome the challenges of wartime. Since the beginning of the full-scale war, the company has allocated UAH 1.8 billion to support the Armed Forces, society and subscribers. Kyivstar’s sole shareholder is the international VEON Group. The Group’s shares are listed on NASDAQ (New York) and Euronext (Amsterdam). Kyivstar has been operating in Ukraine for 25 years and is recognized as the largest taxpayer in the telecom market, the best employer and a socially responsible company.

For more information: pr@kyivstar.net, www.kyivstar.ua

About GoITeens
GoITeens is an online IT academy for children and teenagers aged 7 to 17. It is a Ukrainian product-based EdTech company that is a part of the EdTech company GoIT. For 8 years of its existence, it has provided additional IT education to more than 50 thousand children and teenagers. It teaches digital professions from Digital Design to Python developers. Winner of the Ukrainian Business Award 2023 in the category of educational services. Author of free patriotic charity marathons. For the project “Building the Ukraine of the Future in Roblox”, she received the X-RAY award in the Metaverse and Artificial Intelligence nomination.

About dobro.ua

The dobro.ua charity platform is the first Ukrainian platform of kindness, a fundraising platform where you can quickly and efficiently raise funds for charitable and social projects of any kind. The platform is powered by the Ukrainian Philanthropic Marketplace, a foundation that has raised more than UAH 704,000,000 for charity over 12 years, supported more than 7,800 projects, and won all national awards in the field of charity.

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Meest China starts deliveries from China to Africa

Meest China, an international postal and logistics company that is part of the Meest holding, has announced the start of operations on another continent. It is about the delivery of goods from China to African countries, in particular to South Africa and Nigeria. Currently, air delivery of goods from popular Chinese marketplaces such as Taobao, 1688 and Pinduoduo is available.

Delivery from China to African countries takes 9-12 days. Additional services are also available to customers, such as cargo insurance, parcel consolidation, thorough inspection, photo report, and photo fixation in the warehouse.

“Each new country is a new challenge for us, and here is a whole new continent. We have been preparing for the launch for more than a year, assembled a powerful team for this area, so we are waiting for good news from sunny Africa and rapid development,” said Mykhailo Lymar, CEO and Managing Partner of Meest China.

We remind you that Meest China delivers cargo from China to Ukraine, Moldova, Poland, Romania, Croatia, Uzbekistan, Kazakhstan, Chile, Mexico and more than two dozen other countries. Over the past few months, the company has also launched deliveries to Ukraine from Japan and South Korea.

About the company

Meest China has been operating since 2014 and is currently the leader in delivery from China to Ukraine. The company specializes in the delivery of goods from China in the format of duty-free postal parcels for personal use, as well as the delivery of commercial goods for business clients. The company has representative offices in China, Uzbekistan, Poland, and Ukraine and its own warehouses in Ukraine and China. Currently, the company delivers cargo from China to about 30 countries, from Korea and Japan to Ukraine, and provides freight services for delivery around the world.

The company has 100% Ukrainian roots and has been actively helping the military since the first days of the invasion, for which in 2023 it received a commendation from the Main Intelligence Directorate of the Ministry of Defense of Ukraine for its systematic assistance and active civic position in the struggle for Ukraine’s independence.

More about the company and services: https://meest.cn/.