Business news from Ukraine

UDP DEVELOPER, LVIV STANDARDBUD LLC TO BUILD LVIVTECH.CITY INNOVATION PARK IN LVIV

KYIV. May 18 (Interfax-Ukraine) – Kyiv-based Ukrainian Development Partners (UDP) jointly with Lviv StandardBud LLC (Lviv) are implementing a project on construction of the LvivTech.City innovation park in Lviv, UDP said in a press release on Wednesday.
According to the report, UDP buys 25% of the charter capital of Lviv StandardBud LLC to participate in the project. The sides have arranged that the agreement will be signed by late June 2017.
LvivTech.City will be located on a land parcel of 1.77 ha on the territory of the industrial zone of former Lvivprylad plant. The project would allow creating new jobs and open the territory of the closed enterprise for society.
Potential residents of the innovation park will be high-tech companies operating in IT, energy saving, bio technologies and other spheres, businessmen and startups, research centers, incubators and accelerators, educational initiatives in the technologies and design area.
“It is planned to create modern eco-system stimulating to develop for high-tech companies in the innovation park. The project envisages the creation of the complex infrastructure using the “live-work-study-relax” principle: business (class A offices, conference centers), technological (all the required communications) and social (educational and recreation centers, medical centers, dwelling, stores and other buildings),” the company said in the press release.
According to the report, the gross area of the office sector of the LvivTech.City will be over 40,000 square meters. The park would have parking zones, green zone and territories for recreation. In addition, the project will be implemented meeting the LEED green building standards.
The completion of the first stage of the LvivTech.City is scheduled for H2 2018.
“This is a social project for our company, as its approximate payback period is over 15 years. We have decided to take part in it, as we believe that this is a strategic investment. The future of Ukraine is development of advanced technologies. Lviv has a large potential in the area. The favorable conditions are required for development. They could be created in the innovation parks. We are glad to use own knowledge and experience to build a modern European innovation park in Lviv,” the company said, citing Ukrainian businessman, founder of K.Fund and a majority shareholder in UDP Vasyl Khmelnytsky.
Ukrainian Development Partners (UDP) was founded in 2002 as a managing company to consolidate assets and operations in the field of real estate.

RADA RATIFIES AGREEMENT ON ECONOMIC COOPERATION SIGNED BY UKRAINIAN, CROATIAN GOVERNMENTS

KYIV. May 18 (Interfax-Ukraine) – Ukraine’s Verkhovna Rada has ratified the agreement on economic cooperation signed by the Ukrainian and Croatian governments in Kyiv on March 27, 2013.
A total of 231 lawmakers backed the bill on ratification of the agreement on economic cooperation signed by the Ukrainian and Croatian governments (No. 0138) on Wednesday.
The agreement is intended to help developing partnership mutually beneficial relations between Ukraine and Croatia in the economic sphere, in particular, ship building, engineering, energy and electrical engineering industries, infrastructure, agriculture and food industry.
The document envisages the creation of a joint commission for economic cooperation that would discuss development of bilateral economic relations, determine new opportunities for the further development of future economic cooperation and draw up proposals to improve the conditions for economic cooperation between the companies of the two states.
Deputy Economic Development and Trade Minister, Trade Representative of Ukraine Natalia Mykolska said that in 2016 Ukrainian exports to Croatia totaled over $40 million. It almost doubled compared to 2015.

WEBSITE WITH LARGEST TOURIST ATTRACTION PLACES DATABASE LAUNCHED IN UKRAINE

KYIV. May 18 (Interfax-Ukraine) – The website about tourism in Ukraine Zruchno.Travel, uniting the database with over 49,000 tourist attraction places in the country, was launched on May 17.
During nine months the Association of Hospitality Industry of Ukraine (AHIU), E-Ukraine Association, specialists in the tourism sphere, software designers, journalists, bloggers and social scientists designed and filled in the portal.
AHIU Board Chairman Oleksandr Liyev said at a press conference in Kyiv on Wednesday that Zruchno.Travel seeks to unite information about all existing tourist attraction places in the country. Today its database is the largest in Ukraine.
The portal has the following services: offers how to organize leisure activities during a weekend, information about events, offers of tours, tourist attraction places, catering and accommodations services in different regions of Ukraine. The portal would post news related to travelling and tourism in Ukraine.
Liyev said that representatives of power in each region can fill in pages aiming at popularizing and promoting tourism in their regions.
He said that some UAH 3 million was spent to launch the portal.
The co-founder of E-Ukraine Association and Zruchno.Travel Project Manager Yehor Stefanovych said that machine learning and big data solutions used by the portal would help to centralize the tourism sector in Ukraine, understand the main trends and existing tourist flows and forecast demand of Ukrainian tourists.

UKRAINIAN PM CALLS ON ISRAEL TO EASE UKRAINIAN FARMERS’ ACCESS TO ITS MARKET

KYIV. May 17 (Interfax-Ukraine) – Ukrainian Prime Minister Volodymyr Groysman has called on Israel to ease Ukrainian farm produce access to its market.
This issue was on the agenda of Groysman’s meeting with Israel’s Minister of Agriculture and Rural Development Uri Ariel during his official visit to Israel, the Ukrainian Cabinet’s press service reported.
“Volodymyr Groysman urged Israel to further consider the possibility of liberalizing access of Ukrainian agricultural products to the Israeli market as part of talks on a free trade area agreement whose signing is planned before the end of this year,” the press service said.
The agricultural sector is an important element of trade between Ukraine and Israel, and therefore lowering trade barriers and increasing quotas for Ukrainian farm produce are important and necessary, and special attention should be given to resumption of Ukrainian eggs exports onto the Israeli market, it said.
Groysman says Ukraine expects an increase in Israeli investment and seeks new technologies for its agricultural production.
“Ukraine is an agrarian country with great potential, Israel has information solutions for efficiency of agricultural production – these are precisely the opportunities we could use to be useful to each other,” the prime minister said.
Minister Ariel assured that Israel is interested in strengthening ties with Ukraine in producing farm produce, namely meat and eggs, as well as in setting up large-scale dairy production in Ukraine.
He also invited the Ukrainian agriculture minister and businessmen to visit Israel in the near future.

CHINA’S SANY INTERESTED IN PARTICIPATING IN MODERNIZATION OF UKRAINIAN COAL COMPANIES – MINISTRY

KYIV. May 17 (Interfax-Ukraine) – China’s Sany Heavy Industry is interested in taking part in the modernization of Ukrainian coal enterprises, Ukraine’s Energy and Coal Industry Ministry has reported.
“During a visit to China representatives of the ministry held talks with Sany and made an arrangement to cooperate in the modernization of the coal sector,” the ministry said.
As reported, referring to the ministry, China’s CNNC is ready to participate in construction of nuclear fuel production facilities in Ukraine.

BIOFARM INVESTS SOME UAH 100 MLN TO LAUNCH VETERINARY DRUG PLANT IN KHARKIV REGION

KYIV. May 17 (Interfax-Ukraine) – Biofarm (Kharkiv region) has opened a veterinary drug and feed supplement plant, investing around UAH 100 million in it during three years.
According to a company press release, the new plant in Kharkiv region would allow increasing the quality of products and expand markets.
The company seeks to quadruple production, exports of veterinary dugs and feed supplements, as new markets have been opened, including the European Union, Turkey, African countries, the United Arab Emirates and other countries.
Biofarm was founded in 1995 as the enterprise designing and producing pharmaceutical medicines.