Business news from Ukraine

DRAGON CAPITAL INVESTMENT FUND WITH CO-INVESTORS INVEST $400 MLN IN UKRAINIAN PROPERTY IN THREE YEARS

Dragon Capital Investment Fund, together with its partners, has invested $400 million into Ukrainian real estate since 2016, the press service of Dragon Capital has reported.
“Since 2016, Dragon Capital, together with its European and American partners, has invested $400 million into Ukrainian real estate. Our future investment plans will significantly depend on the pace of reforms in Ukraine, above all in judiciary and law enforcement,” Dragon Capital CEO Tomas Fiala said.
The partners of the fund are Goldman Sachs, George Soros, and OPIC.
As reported, Dragon Capital Group jointly with co-investors since 2016 has been actively investing in purchase of commercial real estate, mainly in Kyiv city and region.
The portfolio of the investment fund, as of October 2018, includes several business centers – Kyiv’s Prime and Eurasia, business center located at 98, Velyka Vasylkivska Street, Horizon Park, Business Center Platinum, and Zaporizhia-based Eco Tower Business Center.
The portfolio of shopping centers includes the Victoria Gardens shopping center (Lviv), Sky Park shopping center (Vinnytsia), Pyramida shopping center (Kyiv), logistics centers near Kyiv — West and East Gate Logistic, Omega 1 and Omega 2; a logistic complex and industrial complexes in Brovary.
Dragon Capital Investments Limited is part of Dragon Capital group of companies, founded in 2000 and one of the largest in the Ukrainian investment market. It works in the field of direct investment and financial services, provides a full range of investment banking and brokerage services for corporate and private clients.

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K.FUND MEDIA PUBLISHING HOUSE DECIDES TO DISCONTINUE ITS MEDIA PROJECT

The K.Fund Media publishing house has decided to discontinue its media project dedicated to entrepreneurship and books about business from November 1, 2018. The management is researching the media market and is negotiating with potential partners to restart the project in a new format. The archive of articles will be available to the public at kfund-media.com.
The K.Fund Media platform was launched in March 2017. Its mission was to open new opportunities in the fields of education and entrepreneurship in Ukraine and abroad. The team has developed about 10 new formats for popularizing information materials. Every month, K.Fund Media’s website had up to 200,000 visitors. The platform is represented in social media with over 30,000 subscribers in total.
Since then, authors working under the project have written hundreds of articles on entrepreneurship and management, about 200 reviews of the world’s best-selling books about business, more than 100 success stories of Ukrainians. Materials for self-education, which were provided by experts on various issues, were published on a regular basis. Special attention was paid to the activities of business schools operating in Ukraine.
“The project has accomplished its mission, it has made its contribution to the development of the business environment and leadership in Ukraine, has created added value for readers. It is also very valuable for me that the platform has been working as an independent media, fully complying with high-quality journalism standards. I thank the investor of the project, Vasyl Khmelnytsky, for extensive support and I’m grateful to the editorial staff for excellent work. Now we are hammering out a model and looking for partners to re-launch the platform in a new format,” Director of K.Fund Media Dmytro Zvieriev has said.
K.Fund Media set itself the goal of interacting with thinking readers, engaging such iconic leaders and thinkers as world-famous Swedish economist, professor of the Stockholm School of Economics Kjell Nordström, Vice President of KAIST Business School in Seoul, ex-adviser to Samsung Jo Sung Park, Country Director for Ukraine at Google Dmytro Sholomko, General Manager for Central and Eastern Europe at Airbnb Andrew Verbitsky, Goldratt Research Lab CEO Alan Barnard, Senior Coach at the University of Sheffield, Nikos Lambridis, and many others.
“K.Fund Media has become a successful project. We have created an extensive database of materials that provide various solutions to problems related to life and work. The world is changing dynamically; nevertheless, most of the texts will continue to be relevant, and our readers will be able to revisit them repeatedly to find answers to their questions. I am very grateful to everyone involved for the enthusiasm and atmosphere in which this project was created,” Editor-in-Chief of K.Fund Media Darya Kutetskaya has said.
The project was founded by Vasyl Khmelnytsky’s K.Fund. In addition to managing the information platform, K.Fund Media also publishes the world’s best-selling books in Ukrainian about economics, education, self-development and modern science as part of the K.Fund Books project.

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UKRAINIAN GOVERNMENT CANCELS LIMITS ON MINIMAL FEES FOR NOTARIES

The Cabinet of Ministers has canceled the limits on minimal fees for services by private notaries by annulling a presidential decree of July 10, 1998. A relevant decision was made by the government at its meeting on October 31.
The explanatory note accompanying the draft document, which is available to Interfax-Ukraine news agency, says that the above-mentioned presidential decree in particular imposed limits on the minimal fees in such a way so that they would not be lower than state duty fees, which are charged by government notaries for similar services.

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FRANCE AND UKRAINE PLAN TO CREATE METEOCLUSTER FOR AGRICULTURE

Ukraine and France plan to create a joint meteocluster for agriculture, the press service of the Regional Development, Construction, Housing and Utilities Economy Ministry has reported. “We are planning to create a joint meteocluster for agriculture and assistance to farmers. This is about bringing new technologies to the processing of meteorological data. This is necessary to obtain more accurate weather data, increase harvest and crop protection, introduce system monitoring of climate change and further modeling,” Deputy Prime Minister, Regional Development, Construction, Housing and Utilities Economy Minister of Ukraine Hennadiy Zubko said.
According to the report, the Ukrainian-French intergovernmental commission on economic cooperation came to the relevant agreements.
According to the press service of the ministry, the representatives of the countries also agreed on attracting French companies to the development of Ukrainian farms, investments in seed production, and on strengthening cooperation in animal husbandry, in particular, in the dairy sector.
In addition, the countries plan to develop cooperation in IT and cybersecurity, and French companies will take part in energy efficiency and renewable energy projects, as well as in public procurement through the ProZorro e-procurement system.

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MORE THAN 4 000 FINTECH-STARTUPS BECOME PARTICIPANTS OF GLOBAL MARKETPLACE LET’SPARTNER

Since the launch of global marketplace Let’sPartner in April 2018, designed to become an effective platform for communication of Fintech-startups and corporates, over 4 thousand startups and 2 thousand corporations from 89 countries of the world have become its participants. This has been reported by the press service of the project with reference to its founders and authors – well-known fintech experts Anastasiya Shevchenko and Alexey Puznyak.
The new international platform is dynamically increasing the number of its participants – Fintech startups and corporations, having no analogues not only in Ukraine and in the post-Soviet space, but throughout the world.
Marketplace allows you to quickly establish partnerships between startup projects and corporate business. At the same time, in the near future, Fintech startups and interested corporations from different corners of the globe will be able to easy – in one click – choose partners and exchange direct contacts for further cooperation. At the same time, other similar projects have a closed format of participation and usually it is paid services.
Since the start of the project in April 2018, the marketplace has undergone major qualitative changes, going from a landing page to a fully functional platform for comfortable communications.
Now the work continues on the qualitative improvement of the participants’ base. The project is scaled both with the help of online registration of companies on the marketplace and with the active support of ambassadors – reputable fintech-experts in different countries.
The number of participants is growing at a high rate without investment in marketing and project promotion. This demonstrates the relevance of the platform for participants in the digital market.
According to one of the authors of the marketplace Let’spartner, founder and CEO of Fintech Solutions, general manager of Adecco Ukraine Anastasia Shevchenko, the implemented format allows to speak of marketplace as Linkedin for startups and corporations. “It is worth noting the technical capabilities of the platform,” says Anastasia Shevchenko. “By registering on Let’s Partner, participants can, thanks to the chat created on the platform, discuss business interests in a matter of minutes and exchange direct contacts”.
“In implementing the project of Let’s Partner, we tried to be as useful as possible to corporations and startups,” emphasizes Alexey Puznyak, co-creator of the Let’sPartner’s marketplace. With its help, corporations can open for the community tasks that are relevant to them, and startups, will be able to offer their services or projects as solutions. In fact, we are talking about organizing online tenders that can be effectively implemented in a very short time. ”
The collection of online-applications from startups and corporations from different countries of the world continues on the official Internet portal of the marketplace www.letspartner.co.
Project initiators are also open to applications from potential marketplace ambassadors in the CIS, Europe and America.

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