Business news from Ukraine

Business news from Ukraine

SEED CORP OPENS PLANT IN UKRAINE

Seed Corp (Cherkasy), the Ukrainian division of the American company Remington Seeds, on September 15 launched the first stage of a corn seed production plant in the village of Helmiaziv (Cherkasy region), a project worth $ 30 million and a capacity of 2.2 MW was connected to the power grid in a short time – in two months, according to the website of PJSC Cherkasyoblenergo.
“For the first time in my practice, a contract was signed, and exactly two months later, as they say, on a day-to-day basis, the 2.2 MW plant was connected to electricity. This was the result of a lot of joint work, when any approvals were carried out quickly and efficiently,” co-founder of Seed Corp Serhiy Tereschuk said.
According to the data of Cherkasyoblenergo, the construction of the first stage of production lasted 3.5 months. To provide the plant with raw materials, Seed Corp uses 3,960 hectares of irrigated land, and the company also purchased more than 20 units of special equipment for crop production. About 150 people were employed at the enterprise.
During the opening of the plant, Deputy Minister of Agrarian Policy and Food Taras Dzioba noted a favorable investment climate in Cherkasy region, as investors increasingly choose Cherkasy region to open their enterprises.
“Such events really inspire me more than the opening of grain terminals. This is much more important because it makes it possible to increase supply chains, increase added value in the Ukrainian agricultural sector. This is exactly what we must work on,” the official said.
Cherkasyoblenergo specified that about 20 organizations were involved in the construction of the first stage of the project.

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ZELENSKY ARRIVES IN NEW YORK

President of Ukraine Volodymyr Zelensky arrived in New York to participate in the 76th session of the UN General Assembly, press secretary of the head of state Serhiy Nykyforov said.
“The presidential plane landed in New York,” Nykyforov told Interfax-Ukraine.
According to him, the speech of the President of Ukraine is expected on Wednesday, September 22, at about 16.40 (local time).
As part of the visit, the president’s speech at the UN General Assembly, a number of bilateral and multilateral meetings of the head of state and Foreign Minister Dmytro Kuleba are planned.
“The President of Ukraine will meet with the UN Secretary General, NATO Secretary General, and the leaders of several major states, will hold a separate meeting with foreign investors. It will be a very eventful visit, which is scheduled literally by the minute,” the Ukrainian Foreign Minister said.
According to him, “Zelensky is consolidating international support for Ukraine in order to counter Russia’s aggression, raise investment and fight COVID-19 pandemic.”
On Tuesday, September 21, Zelensky is scheduled to meet with the presidents of Poland, Moldova and Georgia.

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US CONGRESS SUGGESTS TO INCREASE SECURITY ASSISTANCE TO UKRAINE

The US Congress has proposed to increase the amount of security assistance to Ukraine by $50 million, to $300 million, according to the draft US defense budget for 2022, prepared by the US Senate Committee on the Armed Services.
Oksana Markarova, Ambassador of Ukraine to the United States, said that the draft budget should be supported by both chambers of the US Congress.
“We are grateful to congressmen and senators for the proposal to increase the amount of security assistance to Ukraine up to $300 million in the US defense budget for 2022 (NDAA FY2022). We very much hope that the allocation of this amount will be agreed upon and approved by both chambers of the US Congress,” she wrote on Facebook on Friday.

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6,000 SERVICEMEN FROM 15 COUNTRIES TO TAKE PART IN DRILLS SCHEDULED FOR SEPT 20 IN UKRAINE

On Monday, September 20, on the basis of the International Center for Peacekeeping and Security of the National Academy of Ground Forces named after Hetman Petro Sahaidachny, the joint Ukrainian-US military exercises Rapid Trident-2021 will begin.
“The Ukrainian-US military exercises Rapid Trident-2021 will last from September 20 to October 1, 2021. The main goal is to prepare for joint actions as part of the multinational forces during coalition operations,” the press service of the Ground Forces Command of the Armed Forces of Ukraine reported on Thursday.
It is noted that these exercises are an important step for Ukraine on the way to NATO, they should increase the level of training and efficiency of Ukrainian troops, as well as improve the compatibility of the headquarters of the Armed Forces of Ukraine, the United States and other NATO members and partner states.
“Some 6,000 servicemen from fifteen partner countries will take part in the exercises,” the message says.
It clarifies that for the first time in the history of Rapid Trident, tactical exercises of a multinational battalion with live fire will be carried out. Also, during the exercise, it is planned to jointly land Ukrainian and American paratroopers from the US military transport aircraft C-130.

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ICU TO LAUNCH UAH 500 MLN FUND

The National Securities and Stock Market Commission on September 15 registered the issue of investment certificates of the closed-end unit investment fund ICU Eurobond Fund with a seed capital of UAH 500 million.
The nominal value of one investment certificate is UAH 1,000. The volume of the issue is 500,000 certificates, the National Commission said.
ICU Investment Group, Founded in 2006 by senior investment professionals from ING, is an independent financial group providing brokerage, asset and private equity management services and specializing in the markets of Central and Eastern Europe. ICU currently manages over $500 million in assets. ICU is Ukraine’s leading asset manager.
The owners and partners of the group are Makar Paseniuk and Kostiantyn Stetsenko.

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ON SEPTEMBER 16 -17, 2021 ODESSA WILL HOST THE VI INTERNATIONAL INVESTMENT PROMOTION FORUM ODESA 5T & ODESA REGION

Odesa 5T is a business event arranged in the South of Ukraine, an international platform for interaction, networking, cooperation, dialogue and discussions between the governmental agencies, municipalities, the international community, diplomatic missions, organizations, foundations, business circles and experts.
Odesa 5T features projects in five key directions of the city development: tourism, transport, technology, trade, trust.
For the sixth year in a row, Odesa 5T will serve as a platform for business and start-up presentations, a perfect spot to meet new partners, investors, business angels, a platform showcasing Odessa’s capacities, the business community of this city, Ukraine and the whole world.
This year the event has reached a new level: there will be a joint presentation of the investment potential of Odessa and the Odessa region.
The Forum will focus mainly on the Odessa Development Strategy 2030, a new large-scale project to create an eco-industrial park “Priority Development Zone in Odessa”, trends in the regional investment market, government support for domestic and foreign investors.
The business vision “Odessa Region – 2050” initiated by the Odessa Business Club will be presented to the participants.
The event will be attended by the leading Ukrainian and international speakers.
On the first day of the event, September 16, the pannelists will discuss the following:
• Instruments of state support for investment activities as drivers of the regional economic growth.
Speakers:
Sergey Grinevetsky, Head of the Odessa Regional State Administration
Dmitrii Sinichenko, Chairman of the State Property Fund of Ukraine, representative of the EBRD
• Trust “Dialogue between Government and Business”
Moderator: Sergey Tetiukhin, Deputy Mayor of Odessa
Speakers:
Anatolii Dolinnii, Ukrainian Business Council
Maksim Svirsky, Manager of the Executive Committee under the City Council
Anna Derevianko, EBA
Artem Stepanchuk, TM UFT
• Industrial parks
Speakers:
Roman Babitskii, Chairman of the Council for the International Investment and Economic Development of Ukraine
Eymantas Kludoulas, Klaipedos FEZ
Yuri Filyuk, “Prompribor”
Vitali Barannikov, Ecopolis KhTZ
Svetlana Yarovaya, Vinnytsia Municipal Innovation Center, Vinnytsia Industrial Park
Alongside, several memorandums will be signed.
On the first day, the Made in Odesa & Invest in Odesa exposition will be open for public on the territory of the concert hall, where entrepreneurs and representatives of the municipality will showcase the products, services and projects made in Odessa.
At the end of the first day there will be the traditional evening 5T Awards ceremony, which will recognize projects and companies that have achieved success in the five key areas of Odesa 5T and contributed to the development of the city in 2020.
On the second day, September 17, the leading speakers and fundraisers from Europe, as well as the well-known urbanists and architects from Ukraine will take the stage.
A workshop with the designer and chief urbanist of Eindhoven, Cees Donkers (Netherlands) is a must-be event.
Daria Pikalova, fundraiser of the Odessa 5T grant office, will present the results of the grant project Digital Cultural Routes: A Tool for the Development of the Cultural Sector, a mobile application called Let’s Odesa.
Note: We took all the possible preventive measures to stop the spread of COVID-19 as per the official requirements.
+38 (063) 450 72 50
https://forum5t.com.ua

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