Business news from Ukraine

Business news from Ukraine

UKRAINIAN SMART HOLDING AND CHINESE CRCC PLAN TO COOPERATE IN INFRASTRUCTURE PROJECTS

Representatives of the top management of the industrial and investment group of PrJSC Smart Holding (Kyiv) and China Railway Construction Corporation Ltd. (China) discussed the opportunities of cooperation and implementation of common investment projects in transport infrastructure and logistics.
According to the company’s press release on Friday, during the meeting, the Chinese side was presented an investment project for the development of an industrial park based on a logistics hub managed by LLC Naval Park in Mykolaiv, as well as a development project for existing sea port of Ochakiv, including dredging and construction of new infrastructure.
The Chinese side has expressed interest in the projects and will continue to study them in detail. The parties agreed to continue the dialogue and organization of visits to the relevant facilities.
Director General Oleksiy Pertin, First Deputy Director General Yulia Kiryanova, other representatives of top management of Smart Holding, participated from the company’s side. Executive Director of the subsidiary of CRCC – CRCC14 Overseas Construction and Development Co Ltd Li Junqiang and Deputy General Manager of China Railway 14th Bureau Group Wang Chuang took part in the discussion from the Chinese side.
Commercial sea port Ochakiv is located on the Dnipro-Buh estuary in Mykolaiv region on the north-eastern outskirts of Ochakiv. At present, it has facilities for transshipment of goods in the amount of over 500,000 tonnes per year. The port has five berths with depths of up to 7.35 meters. As part of the investment project, it is planned to create one of the deep-water estuary ports on the Black Sea based on the existing small port. It is planned to construct coal and grain terminals in the port, as well as a terminal for transshipment of iron ore raw materials. It is planned also to deepen the port water area to 15-18 meters, as well as to lay 70 kilometers of an underwater railway line.
China Railway Construction Corporation (CRCC) is the second largest state-owned construction company in China. It is engaged in the construction of transport infrastructure, the production of special construction equipment, residential property, as well as logistics. The company has a representative office in Ukraine. Subdivisions of the company, within the relevant memorandums with the Infrastructure Ministry plan to implement projects in Ukraine for the development of railway infrastructure, as well as infrastructure for inland waterways.
Smart Holding owns 23.76% of the Metinvest mining and metallurgical group, some 95% of shares of the shipbuilding holding Smart Maritime Group, some 99.97% of shares of the trading and financial company Santis LLC. The company also owns large assets in the fuel and energy industry, development and agricultural sector.
The main beneficiary of Smart Holding is businessman Vadym Novinsky.

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SWEDISH COMPANY ACQUIRES COMPUTER GAME DEVELOPMENT COMPANY FROM UKRAINE

Swedish Embracer Group AB Holding (“Embracer”), through its wholly-owned subsidiary Saber Interactive, has entered into an agreement to acquire 100 percent of Kyiv/Malta-based 4A Games Limited (“4A Games”) famous for Metro 2033, Metro: Last Light и Metro Exodus games.
The deal amounts to $45 million, of which $25 million is paid in cash and $20 million in shares (50% of which will be unblocked in a year, and another 50% in two years), the Embracer reported on its website.
In addition, 4A Games will receive up to $35 million ($15 million in cash and $20 million in shares) if the publisher’s goals are met within five years. The total amount of the deal could be as big as $80 million.
At the same time, it is expected that gross sales of 4A Games’ games for 2020 will bring about EUR 20 million, and the studio’s operating profit will be EUR 12 million.
“Through the acquisition, Saber Interactive onboards a reputable team of over 150 people across two studios in Malta and Ukraine as well as best-in-class internally developed and owned First-Person-Shooter (FPS) technology to the Group,” the Embracer says.
“Embracer Group and Saber Interactive are the perfect partners for 4A Games and for our next phase of growth. Together we will continue to build on the Metro franchise and will focus on bringing a multiplayer experience to our fanbase. We look forward to building a new and even more ambitious AAA IP in the near future,” the company quoted Dean Sharpe, CEO 4A Games, as saying.
Embracer Group was formerly known as THQ Nordic AB. One of the subsidiaries; THQ Nordic GmbH shared the same name and trademark as the parent company, THQ Nordic AB (publ). The THQ Nordic GmbH brand and company will continue to operate as a global video game publisher and developer. The Group has an extensive catalogue of over 160 owned franchises, such as Saints Row, Goat Simulator, Dead Island, Darksiders, Metro, MX vs ATV, Kingdoms of Amalur, TimeSplitters, Satisfactory, Wreckfest and World War Z amongst many others.
With its head office based in Karlstad, Sweden, Embracer Group has a global presence through its five operative groups: THQ Nordic GmbH, Koch Media GmbH/Deep Silver, Coffee Stain AB, Amplifier Game Invest and Saber Interactive. The Group has 31 internal game development studios and is engaging more than 3,500 employees and contracted employers in more than 40 countries.
Embracer Group in the first quarter of fiscal year 2020 (April-June) reported an 81% increase in revenue up to SEK 2.069 billion ($238.3 million at current exchange rates), and its EBITDA grew 2.5 times – up to SEK 965.2 million.

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UKRAVTODOR TO START CONSTRUCTION OF NEW BYPASS ROAD AROUND KYIV

The State Agency of Automobile Roads of Ukraine (Ukravtodor) in 2020 intends to start designing a new bypass road around Kyiv, and in 2021 its construction.
This is stated in the presentation of Ukravtodor, published on the agency’s Telegram channel.
According to the published data, the project provides for the construction of a “half-ring” with a total length of about 150 km, which will connect five international routes. It is planned that the road will consist of six sections and will connect the following roads: M-07 Kyiv-Kovel, M-06 Kyiv-Chop, M-05 Kyiv-Odesa, H-01 Kyiv-Znamyanka, H-08 Boryspil-Mariupol, M- 03 Kyiv-Kharkiv and M-01 Kyiv-Chernihiv.
According to preliminary calculations, peak traffic on certain sections of the road will be more than 70,000 cars per day, and the total traffic will exceed 300,000. In addition, within the framework of the project, it is planned to build a 5.9 km bridge with approaches across the Dnipro River.
The estimated cost of the project is UAH 85 billion.
Currently, a tender has already been announced for the design work of the first section of 35.2 km between M-06 Kyiv-Chop and M-05 Kyiv-Odesa with an estimated cost of UAH 12 billion.
According to Ukravtodor, it is planned to complete the construction of the Kyiv bypass road in five to six years, subject to stable funding.

FIVE PARTIES MAY ENTER KYIV COUNCIL; SVOBODA AND PARTY OF SHARIY RETAIN CHANCES

Five political parties could enter Kyiv City Council if the local elections were held in the near future, according to the results of a survey of electoral sentiments in Kyiv conducted by Active Group in August, which were presented at a press conference hosted by Interfax-Ukraine on Thursday.
A total of 16.5% respondents said they were ready to support the Udar Party, 15.3% – Servant of the People, 14.7% – European Solidarity, 7.2% – Opposition Platform – For Life, 5.8% – Palchevsky’s Peremoha (Victory) Party, 4.8% – Batkivschyna Party, 4.3% – Party of Shariy. The rest of political forces would not pass the 4% threshold, including Svoboda with 3.4%, Holos with 2.6% and the Radical Party of Oleh Liashko with 1%.
At the same time, among the citizens, who will go to polling stations and have decided for whom to cast their ballots, 20.1% support Udar, 18.7% – Servant of the People, 17.9% – European Solidarity, 8.8% – Opposition Platform – For Life, 7.1% – Palchevsky’s Peremoha (Victory) Party, 5.8% – Batkivschyna, 5.3% – Party of Shariy, 4.1% – Svoboda, 3.2% – Holos, 2.5% – Yednist (Unity).
The parties Strength and Honor, Ridna Krayina (Native Country) and Liashko’s Radical Party would get 1.9%, 1.6% and 1.2% of votes, respectively.
Some 15.7% respondents have not decided whom to support, and 2.3% said they would not go to polling stations.
The Opposition Platform – For Life party has the highest anti-rating in Kyiv: to the question “Which of the political forces you would never vote for at the election to the city council?” 15.9% respondents named Opposition Platform – For Life. A total of 12.7% would never vote for Servant of the People, 12.3% – for European Solidarity, 11.5% – Udar, 9.1% – for Radical Party, 8.5% – for Party of Shariy, 7.8% – for Batkivschyna.
Some 6.4% of respondents said they would never support Holos, 5.6% – Svoboda, 2.8% – for each Yednist (Unity) and Palchevsky’s Peremoha (Victory) Party.
Strength and Honor would never get votes of 1.6% of respondents, Ridna Krayina (Native Country) – of 1.3%, Democratic Alliance – of 1%, Civil Position and Power of People – of 0.7% each, other parties – of 3%. Some 32.1% said they could not answer the question. A total of 3.8% respondents said they would not go to polling stations.
The poll, which was conducted in Kyiv on August 1-2, 2020, covered 1,204 respondents using the method of individual interviewing. The poll’s margin of error does not exceed 2.8%.

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HORSE ATTACK WILL TAKE PLACE NEAR KIEV

On August, 15 and 16 the «Kyivan Rus Park» invites to dive into the exciting world of the epoch of Kievan Rus, and take part in medieval adventures and ancient Slavic funs. 35 km far from Kiev, guests can relax in an ecologically clean place and get a huge positive charge from the architecture of Ancient Kiev, horse shows, ancient Slavic amusements, horseback riding, extreme attractions, museums and exhibitions… And all these in a real medieval town!
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 200 UAH, for pensioners and students – 150 UAH, for schoolchildren – 80 UAH, for preschool children – free.
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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CITIZENS OF UKRAINE CAN VISIT 42 COUNTRIES – FULL LIST

Citizens of Ukraine can visit 42 world countries amid coronavirus (COVID-19) pandemic without any conditions or if certain requirements are met, Ukrainian Foreign Minister Dmytro Kuleba has said.
“There were 38 such countries last week. During this time, their number has increased by four counties,” Kuleba said at an online briefing on Thursday.
In particular, according to the minister, Armenia has joined this list, where it is possible to arrive subject to 14 days of self-isolation. The list also includes three other less popular countries among Ukrainians: Burkina Faso, Togo (Republique Togolaise) and Chad.
As reported, earlier Kuleba named 38 countries where Ukrainians can enter: Turkey, Serbia, Albania, North Macedonia, Montenegro, Belarus, Great Britain, USA, Mexico, Egypt, Tunisia, Republic of Korea, Iraq, Iran, Afghanistan, South Sudan, Ethiopia, Somalia, Kenya, Zambia, Tanzania, Burundi, Seychelles, Bahamas and Lebanon, Bulgaria, Slovenia, United Arab Emirates, Ireland, Maldives, Antigua and Barbuda, Ecuador, Jamaica, Cambodia, Comoros, Pakistan, Puerto Rico and Saint Lucia.

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