Business news from Ukraine

Business news from Ukraine

UKRAINIAN PARLIAMENT BACKS BILL ON SIMPLIFICATION OF CONNECTION TO POWER GRIDS

The Verkhovna Rada of Ukraine backed at first reading bill No. 5009 with amendments to some legislative acts of Ukraine regarding the simplification of connection to power grids. The bill was supported by 314 MPs without discussion.
The purpose of the bill is to significantly simplify the procedure for connecting customers to the power grids, reduce the number of procedures, documents and approvals, as well as significantly cut the time required for connection, remove artificial restrictions and remove barriers in the connection procedure, the website of the Verkhovna Rada reported.
The document is aimed at developing business and improving the investment attractiveness of Ukraine by improving its positions in World Bank’s Doing Business.
As Chairman of the relevant parliamentary committee and one of the authors of the bill, Andriy Gerus, said earlier, “the bill provides for simplification of land allocation and documentary procedures for regional electricity supply companies with the purpose of cutting the connection time by 60%.
According to an explanatory note to the document, today it takes over 280 days to connect in particular of a small bakery or workshop to the power grid. The reasons for this are the complex and bureaucratic procedure for registration of rights to land plots for energy facilities, necessary to ensure connections, a significant number of certificates and approvals.
In this regard, the bill abolishes the receipt of certain permits and approvals for connection, the solution of some issues is focused exclusively on the operator of the distribution system, it simplifies access to land plots for energy facilities.
According to the explanatory note, the single-stop mechanism is being implemented to provide customers and developers with design documentation for the construction or reconstruction of power supply networks, electrical installations, applications, inquiries, obtaining output data, information and statements necessary for design and construction and installation works, as well as for approval of the project documentation by the parties involved (authorities).

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$30.7 MLN INVESTED IN UKRAINIAN CAPITAL’S REAL ESTATE IN MAY 2021

The volume of investments in real estate in Kyiv amounted to the equivalent of $30.7 million in May 2021, which is 12% more than in April of the same year, Director of Blagovist Real Estate Agency (Kyiv) Olena Biberova told Interfax-Ukraine.
“The market for the sale and purchase of real estate in Kyiv continues to demonstrate activity. Supply and demand are balanced. At the same time, the new supply that appears on the market is more expensive [by 10-15%] than similar properties that were put up for sale earlier,” she said.
According to Biberova, the most affordable option purchased in May was a one-room apartment of 28 square meters on Novhorodska Street (Solomiansky district), which was bought for $25,000. The most expensive property sold in May was a house with an area of 610 square meters in Lisnyky village (Kyiv-Sviatoshynsky district) purchased for $1 million.
According to the real estate agency, the segment up to $50,000 in May took 14% of the total number of transactions. These were mainly deals with one-, two-room apartments. For example, a one-room apartment of 32 square meters on Bastionna Street (Pechersky district) was bought for $45,000 and a one-room apartment with an area of 41 square meters on Radchenka Street (Solomiansky district) – for $50,000. House with an area of 60 square meters and with a land plot of 21 acres in Vytachiv village (Obukhiv district) was bought for $42,000.
In the segment from $50,000 to $100,000, some 45% of transactions were carried out. It is dominated by two, three-room apartments in Solomiansky, Podilsky, Darnytsky districts of Kyiv in new buildings (residential complexes Quartet, Fayna Town, etc.).
On Hnata Yury Street (Sviatoshynsky district) a two-room apartment with an area of 53 square meters was bought for $52,000, on Academician Williams Street (Holosiyivsky district, residential complex Liko-Hrad) a one-room apartment with an area of 46 square meters was bought for $70,000; and on Kudriashova Street (Solomiansky district) a one-room apartment with an area of 46 square meters was bought for $100,000.
According to Biberova, the price category from $100,000 to $250,000 in May was 35%. The favorites in this category were objects in new houses in Holosiyivsky and Pechersky districts. For example, a one-room apartment with an area of 45 square meters was sold for $102,000 on Bulvarno-Kudriavska Street (Shevchenkivsky district, residential complex Yaroslaviv Hrad), a two-room apartment with an area of 70 square meters on Yevhena Konovaltsia Street (Pechersky district) was sold for $182,000, and a three-room apartment with an area of 110 square meters on Yevhena Konovaltsia Street (Pechersky district) was sold for $245,000. House with an area of 250 square meters in Hatne village (Kyiv-Sviatoshynsky district) was bought for $160,000.
The price category from $250,000 in May is represented by 6% of the total volume of transactions. On Panasa Myrnoho Street (Pechersky district) a five-room apartment with an area of 180 square meters was bought for $262,000. A four-room apartment with an area of 190 square meters on Heroes of Stalingrad Street (Obolonsky district) was bought for $310,000. Non-residential premises with an area of 84 square meters on Mykhaila Drahomyrova Street (Pechersky district) were bought for $775,000.
Blagovist Real Estate Agency, part of the First Realty Group corporation, was established in 1993.
Today, there are eight agency offices in Kyiv, with which about 500 professional real estate consultants cooperate.

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MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (IMPORT FROM OTHER COUNTRIES TO UKRAINE) IN JAN-FEB 2021

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (IMPORT FROM OTHER COUNTRIES TO UKRAINE) IN JAN-FEB 2021

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500 SOCIAL INFRASTRUCTURE FACILITIES TO SUPPORT CHILDREN TO BE CONSTRUCTED IN UKRAINE THIS YEAR

This year, it is planned to build about 500 social infrastructure facilities to support and develop the young generation of Ukrainians within the framework of the Big Construction project.
A significant part of the Big Construction national program, which was initiated by the head of state, is made up of social infrastructure facilities, the presidential press service said on Tuesday.
So, this year it is planned to build or restore 95 schools, 70 kindergartens, 80 sports facilities and equip almost 200 outpatient clinics. There are about 500 objects in total.
“To make childhood in Ukraine happy, President Volodymyr Zelensky, the government, the Verkhovna Rada and local authorities are taking measures to protect and support young Ukrainians and create the most favorable conditions for their intellectual, cultural and physical development,” the President’s Office says.

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ERICSSON LAUNCHES 5G DEMO CENTER IN UKRAINE

Ericsson has launched a 5G demo center in its own office in Kyiv to demonstrate scenarios for the use of fifth generation mobile networks for digitalization of various industries.
As noted in the company’s report, on the basis of the demo center, it is possible to test new developments and products, as well as services for both business and end users of mobile communications.
The main elements of 4G and 5G networks, an autonomous dedicated 5G network, which includes a small core, Router 6000 for IP connectivity and a radio access system using Ericsson Radio Dot System have been installed and fully integrated in the demo center.
“The network operability is ensured in a continuous mode [24/7]. This will allow conducting tests as soon as possible, supporting most possible scenarios and organizing demonstrations using this system,” the report says.
On the basis of the center, industrial enterprises, mobile operators, innovative start-ups, as well as other players in the telecom market will be able to familiarize themselves with and test 4G/5G solutions for both business and end users of mobile services.
“5G networks will serve as the foundation for the development of the digital economy in the future. High-quality digital infrastructure is needed by users, business and the economy of the state. By investing in the opening of a 5G demo center in Ukraine, we have combined international expertise and the latest solutions from Ericsson to open up new opportunities for the development of advanced technologies and digital innovations in the country,” Yaroslav Nitsak, Managing Director of Ericsson in Ukraine, Georgia and Armenia, is quoted in the message.
According to the company, the center is open for the following purposes:
– demonstration of scenarios for using a dedicated 5G technological network, such as remote support, monitoring and control of the production process using continuous streaming of 360 video data in real time between objects;
– piloting of voice services of critical communication systems (Mission Critical Push-to-Talk) and demonstration of the work of the dispatch center, which monitors and controls the high priority emergency communication system;
– demonstration of the technological features of the fifth generation networks for mobile operators: network segmentation, high-speed data transmission, low latency;
– creation of a platform for piloting new developments and products using 5G modems for high-speed data transmission.
As reported earlier, the mobile operator Kyivstar switched to a new business IT system (billing) used for prepaid customers (over 80% of the operator’s client base), the solution was developed by the Swedish company Ericsson.

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TURKEY RENEWING DEMAND FOR MAKING PCR TESTS FOR UKRAINIAN CITIZENS

From June 1, Turkey is renewing the requirement to have a negative PCR test for the entry of Ukrainian citizens, according to the interactive map of the Ministry of Foreign Affairs of Ukraine.
“From June 1, Turkey returns the requirement to have a negative PCR test for the entry of Ukrainian citizens,” the interactive map of the Ministry of Foreign Affairs of Ukraine says.

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