Business news from Ukraine

Business news from Ukraine

RESIDENTIAL COMPLEX “BOULEVARD OF FOUNTAINS” OPENS IN KYIV

City One Development (Kyiv) belonged to Valeriy Kodetsky, the developer of the Boulevard of Fountains residential complex located at 5, Saperne Pole Street in Kyiv, has announced the official opening of the last house of the second phase of the Boulevard of Fountains premium class residential complex.
“Four buildings were built under the project with a total area of 100,000 square meters. The project includes 811 apartments, as well as an underground parking for 1,200 parking spaces, and commercial premises. The area under the project is 4 hectares, more than one third of the territory is reserved for green areas,” City One Development told Interfax-Ukraine.
As reported, on May 17, 2019, City One Development announced the completion of the construction of the Boulevard of Fountains residential complex project. As of August 2019, more than 75% of apartments have been sold in the complex.
The project infrastructure includes areas for sports, children’s playgrounds, a panoramic lounge area, landscape areas and the only avenue in Kyiv with light and music fountains of 150 meters long.
According to City One Development, the attendance of commercial facilities along the fountain avenue, operating in the Boulevard of Fountains residential complex of city resort format this year has doubled.
“Over the three years since the opening of the first phase of the Boulevard of Fountains residential complex, more than 7,000 people visited the avenue with light and music fountains as guests. In the first eight months of 2019, the complex was visited by twice as many people as in the same period last year,” the developer said in a statement.

, , ,

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT TO PROVIDE $200 MLN TO UKRAINE

The agreement, under which the International Bank for Reconstruction and Development (IBRD) will provide $200 million for the Program-for-Results on Accelerating Private Investment in Agriculture, was signed on Tuesday by Ukrainian Finance Minister Oksana Markarovva and World Bank Country Director for Belarus, Ukraine and Moldova Satu Kahkonen.
The Finance Ministry said on its website that the attraction of the loan would allow creating a public agricultural register and open access to it, conduct stocktaking for state-owned land and place information about it in the public land cadastre, create methods for developing land utilization plans for amalgamated territorial communities and produce topographic maps of Ukraine via satellite mapping.
In addition, the loan would allow creating the unified automated system for notifying all the sides regarding changes in the public land cadastre, and strengthening the public control system on the state border of Ukraine, taking into account EU requirements.
The project will be implemented as part of the government strategy and action plan for leveraging private investment in agriculture until 2023.

,

PRESIDENT OF UKRAINE WANTS TO CARRY OUT LAND REFORM – WORLD BANK

President of Ukraine Volodymyr Zelensky during a meeting with World Bank President David Malpass has confirmed his intention to carry out land reform, complete the unbundling of Naftogaz, demonopolize the economy and state-owned enterprises, and respect the independence of the National Bank. Malpass wrote on his FT blog following a meeting with Zelensky that at their meeting Zelensky had confirmed several key growth measures that will be mentioned at the meetings with G7: implement the land reform, split ownership of Naftogaz’ transit assets, demonopolize the economy and state-owned enterprises, and respect the independence of the central bank.
According to Malpass, to attract investment in Ukraine, it is necessary to eliminate monopolies in favor of market competition and strengthen the rule of law.
Capital should be send to the most productive enterprises but not to influential privileged circles and oligarchs, he said.
Malpass also emphasized the importance of land reform.
The country has the largest stock of agricultural land in Europe, but the yield per hectare is only a small part of the crop in France and Germany. At the same time, one oligarch controls a group of companies that produces more than 80% of domestic output of several types of mineral fertilizers, the banker said.
As reported, World Bank President David Malpass on August 22-23 for the first time visited Ukraine after he has taken this post on April 9, 2019.

,

ENERGY EFFICIENCY AGENCY DEVELOPS CONCEPT OF “GREEN” INVESTMENT FUND IN UKRAINE

The State Agency of Ukraine on Energy Efficiency and Energy Saving together with the Nordic Environmental Finance Corporation (NEFCO) and experts from the Finland Ukraine Trust Fund is initiating the development of a concept for a new financial instrument in Ukraine – the Green Investment Fund (GIF UA), head of the agency Serhiy Savchuk has said.
“Work on the fund will be another priority area of partnership between the Finnish Foreign Ministry, NEFCO and the state energy efficiency agency. Close cooperation between Ukraine and Finland was secured by the signing of a relevant memorandum in 2017,” he said on his Facebook page.
According to Savchuk, the fund will provide co-financing for new “green” energy projects and remove major barriers to the implementation of these projects: a lack of collateral, demand for equity, etc.
“Our goal is to establish in Ukraine a reliable financial instrument for financing projects like Green Investment Group in the UK, DEG in Germany,” the expert said.

, ,

PRINCELY GUERRIERS WILL FIGHT NEAR KYIV

On September, 1 the «Kyivan Rus Park» invites to the horse-trick show «The Princely druzhina». The guests will see the knightly tournament, the Princely hunt, horse-trick performances, will take part in the ancient Slavic amusements, rites, fiery round dances and master-classes. Also the guests will be awaited by the walks on horseback, tasty dishes prepared on open fire, master classes and many more from the life of the medieval city.
Ancient Kyiv opens at 10:00. The program starts at 14:00.
The ticket price: a full adult ticket – 190 UAH, for pensioners and students – 150 UAH, for schoolchildren – 60 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
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».

, ,

UKRAINIAN SEA PORTS AUTHORITY STARTS DREDGING WORKS AT BERDYANSK SEAPORT

Ukrainian Sea Ports Authority (USPA) is starting exploitation dredging works at Berdyansk seaport in an amount of 1.85 million cubic meters. As the USPA press service said, Dunay dredger to maintain the passport depths has already come to Berdiansk port.
“The start of operational dredging is an important event for the Berdiansk seaport. A decrease in depth negatively affects the competitiveness of our port and the efficiency of port operators. The contractor has a large-scale task: to dredge with a total volume of 1.85 million cubic meters. The first dredger has already begun work in the port’s water area, we expect that in September the contractor’s fleet will begin to work in full force in the Berdiansk port,” a press service of USPA regional office in Berdiansk quotes its chief Oleksandr Barchan as saying.
At the end of May 2019, USPA for the restoration of passport depths in the port of Berdiansk, following a tender in the ProZorro electronic procurement system, signed an agreement with Azimut Specialized Technical Bureau LLC. According to USPA, the savings following the results of the tender amounted to more than UAH 75 million.
According to the agreement, the total amount of works to be performed by the contractor in the port of Berdiansk is 1.85 million cubic meters. It is necessary to carry out major works with an amount of 1.39 million cubic meters on the access channel, and 466,000 cubic meters in the port water area. The contractor should complete half of the contract by the end of 2019.
On a par with contractor’s fleet, Meotida dredger continues its works at Berdiansk port operating on the certain parts of the access canal.
As reported, in 2019 USPA plans to carry exploitation dredging at seven seaports: Mariupol, Berdiansk, Izmail, Chornomorsk, Mykolaiv, Odesa, Kherson, and two major dredging projects at Chornomorsk and Yuzhny ports.

, ,