Business news from Ukraine

Business news from Ukraine

$40 MLN E-SPORTS ARENA TO BE BUILT IN UKRAINIAN CAPITAL

Investments in the construction of a multifunctional e-sports arena with a capacity of 10,000 people in Kyiv will amount to $40 million, the co-founder of the Ukrainian multi-gaming e-sports organization Natus Vincere (NAVI), the founder of the DreamTeam gaming platform, Oleksandr Kokhanovsky, has said.

“We plan to build a multifunctional e-sports arena for $40 million, which will accommodate 10,000 people. It will be located in the center of Kyiv. There will be not only e-sports, but also ordinary sports, concerts, events, exhibitions, conferences there. The country does not yet have such a platform,” he said at the Kyiv Investment Forum.

According to him, Dnipro hotel in conjunction with the e-sports arena will allow holding up to 16 major e-sports events in Kyiv and will provide about 100,000 tourists annually. In addition, revenues to the local budget from tourist tax alone will amount to about UAH 40 million per year, the businessman added.

“Our main idea is that when we have a hotel and an arena, it will become a unique competitive advantage in order to participate in tenders for computer games developers for holding events. We will be able to receive from eight to 16 top events per year,” he explained.

Earlier, Kokhanovsky announced plans to reconstruct Dnipro hotel in one and a half to two years, having invested about $20 million in the project. According to the founder of NAVI, Smartland LLC, as one of the project partners, will be responsible for the management of real estate.

As reported, Smartland LLC bought Kyiv-based hotel Dnipro at an online auction for UAH 1.1 billion.

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UKRAINIAN PRESIDENT: WE NOT CONSIDERING YET RELOCATING ISRAELI EMBASSY TO JERUSALEM

The issue of moving the Ukrainian Embassy in Israel to Jerusalem is not on the agenda yet, but the possibility of opening a Ukrainian trade office in Jerusalem may be explored, Ukrainian President Volodymyr Zelensky said.
“Moving the embassy is currently not on our agenda, but the possibility of a trade office in Jerusalem could be explored,” he said in an interview with The Jerusalem Post.

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UKRAINIAN BANS FOREIGNERS IN TRANSIT FROM ENTERING COUNTRY

The Ukrainian government has made changes to the list of exceptions for foreigners who are not denied entry in the country, the Ukrainian Foreign Ministry said on Facebook.
The new rules scrap the provision allowing foreigners who are in transit on the territory of Ukraine to enter the country.
Exceptions from the entry ban are made for people who are spouses, parents, children, or grandparents of a citizen of Ukraine.
Children are given legal status before they become full of age.
If people are sent to Ukraine to study, they only have to go to higher education establishments.
According to earlier reports, the Ukrainian government closed the borders to foreign citizens until September 28.
The restriction did not affect people who have residence permits, are members of international and humanitarian missions, who enter the country in transit, who drive cargo road vehicles, are instructors of NATO states, culture figures, people who have invitations from culture establishments, and also some other categories of people.

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UKRAINE AND SPAIN WILL STRENGTHEN COOPERATION IN ENERGY

Ukraine and Spain will strengthen cooperation in the fields of energy, digital economy and healthcare, Ukrainian Foreign Minister Dmytro Kuleba has said.

“We talked about energy, digital economy, and healthcare. These are the areas in which Ukraine and Spain will soon be very actively deepening interaction in the interests of our peoples,” the Ukrainian Foreign Minister said at a joint press conference with the Spanish Foreign Minister in Madrid.

Kuleba also explained the meaning of four documents signed earlier by Ukraine and Spain during his visit.

“We have signed four important documents that meet the interests of both Ukraine and Spain. The convention on avoidance of double taxation will help attract Spanish investments in Ukraine. The convention on cooperation in the customs sphere will facilitate trade between our countries. The memorandum of understanding in the field of agriculture will strengthen our agricultural trade,” he added.

At the same time, Kuleba recalled that Spain is “number one importer of Ukrainian grain in Europe.”

Also, Ukraine and Spain signed a memorandum in the field of cybersecurity.

US DEPARTMENT OF TREASURY EXTENDS DEADLINE FOR SUBMITTING FATCA REPORTS UNTIL DEC 31

The U.S. Department of the Treasury has extended the deadline for providing information on accounts under an agreement between Ukraine and the United States to apply the Foreign Account Tax Compliance Act (FATCA) until December 31, 2020.
According to an official letter of the Ministry of Finance of Ukraine, the extension is linked to the COVID-19 spread.
As reported, at the end of August, the National Securities and Stock Market Commission approved a list of financial agents in line with FATCA requirements.

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“ANTI-CRISIS PANCAKES” WILL BE DELIVERED TO THE KIEV REGION

On September 12 and 13, in “The Kievan Rus Park” there will will held an exciting “Anti-Crisis Pancake” program, during which guests can not only enjoy pancakes – an symbol of the sun, but also learn a lot about the approaching day of the autumn equinox, as well as ancient games and funs.
Also, on September 12 and 13, on the Big Tilt yard guests will see horse-trick performances and a parade of princely flags.
Only in “The Kievan Rus Park” visitors will see horseback archery tournaments, and also a massive horse attack. Experienced horse riders will shoot at multiple targets, and in the end – shooting at an alive warrior dressed in armor.
Guests will be able to see the ancient game of nomads “Goat-breaking” (Buzkashi), which is played on horseback. Participants of the game are divided into teams, and then at a gallop they must throw the goat into the opponent’s goal. Such an exciting spectacle you can see in “The Kievan Rus Park” only!
Also visitors can join the Prince’s quest and ancient funs, and the winners will be awarded delicious pancakes.
In the evening, the theater of Ancient Kiev will present a play “The Legend of the Prophetic Oleg”, which will be accompanied by equestrian performances.
The entry ticket price:
• for adults (full price) – 200 UAH.,
• for pensioners and students – 150 UAH.,
• for schoolchildren – 80 UAH.,
• for preschool children – for free,

Ancient Kyiv opens at 10:00. The program starts at 13:30.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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