Business news from Ukraine

Business news from Ukraine

ECONOMY MINISTRY REGISTERS PAVLOHRAD INDUSTRIAL PARK

20 February , 2017  

KYIV. Feb 20 (Interfax-Ukraine) – The Ministry of Economic Development and Trade on February 14 included Pavlohrad Industrial Park in Dnipropetrovsk region in the register of industrial parks, which became the 18th one in the register.

According to a report on the ministry’s website, a land plot of 250 hectares is limited to the territories of state enterprise Pivdenmash and Pavlohrad factory of processing equipment.

The managing company of Pavlohrad Industrial Park is Investment and Innovation Center, a state-owned enterprise of Dnipropetrovsk Regional State Administration, which is recognized as the winner of the relevant tender conducted on January 18 this year.

As reported, the industrial park will allow creating about 5,000 new jobs, attracting more than $370 million in the development of industry in the region and getting additional revenues to the budgets of all levels.

It is divided into seven sectors in accordance with the production profile, which can be placed there. Engineering got 120 ha, production of construction materials some 50 ha, agricultural products processing some 25 ha, light industry and high tech technology 20 ha.