Business news from Ukraine

Business news from Ukraine

FRANCE TO INVEST EUR 100 MLN IN LUHANSK REGION – HEAD OF LUHANSK STATE ADMINISTRATION

Head of Luhansk Regional State Administration Serhiy Haidai has met with Ambassador of France to Ukraine Etienne de Ponsen in Kyiv to discuss financing opportunities for the railway communication in Luhansk region.
“The meeting with the ambassador extraordinary and plenipotentiary of France to Ukraine had good results for our region. We agreed on several issues and our French partners will provide financing for them. The amount of investment is estimated at more than EUR 100 million,” the press service of Luhansk Regional State Administration quoted Haidai as saying on Wednesday.
The funds will be spent on the construction of the railway communication to connect the Lantrativka – Kondrashivska-Nova section with the national railway system.
In addition, the sides agreed on the electrification of the railway network in the region and on the implementation of a project on cleaning the water supply system.
“The dialogue with Head of Luhansk Regional State Administration Serhiy Haidai regarding the priorities of the region’s economic development was very productive,” the ambassador said.

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CHINA READY TO INVEST $600 MLN IN BUILDING NEW UNIT OF UKRAINIAN TPP

China expects Ukraine to provide state guarantees for investing $600 million in the construction of a new unit at Sloviansk thermal power plant (TPP, PJSC Donbasenergo), Liu Jun, the adviser for trade and economic issues at the Embassy of China in Ukraine, has said.
“The Chinese side is ready to invest more than $600 million in this project, provided that the Ukrainian side provides state guarantees,” he said in an exclusive interview with Interfax-Ukraine.
Jun recalled that the investment agreement between Dongfang Electric International Corporation (DEIC) and Donbasenergo for the joint implementation of the project was signed in December 2018.
“The construction of the sixth power unit is a new serious potential joint project between Ukraine and China. I am sure that its implementation will bring great benefits for both the Ukrainian people and Chinese enterprises,” he said.
As reported, the contract between DEIC and Donbasenergo provides for the construction of power units Nos. 6A and 6B of 330 MW each at Sloviansk TPP using CFB technology (burning solid fuel in a circulating fluidized bed).
The contract price is $684.296 million. Financing for the reconstruction foresees 70% of funds of a credit from a Chinese bank.

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SEEING OFF WINTER WITH «TIPSY FUN» WILL BE ORGANIZED NEAR KYIV

On February, 22 and 23 in the «Kyivan Rus Park» seeing off Winter according to ancient traditions in a large scale and with rampant fun will take place.
Tipsy fun, tasty dishes prepared on open fire, horse-trick performances, rites, games, round dances, horse riding, museums and expositions will be waiting for the guests.
This and even more will be waiting for the guests during two days in a real, live medieval city!
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 190 UAH, for pensioners and students – 150 UAH, for schoolchildren – 80 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv. You can go by your own car or public transport from the «Vydubychi» 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».

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 19/02/20

National bank of Ukraine’s official rates as of 19/02/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF FEBRUARY 19

Official rates of banking metals from national bank as of February 19

One troy ounce=31.10 grams

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STATE-RUN UKRAVTODOR SEEKS TO RAISE UKRAINE’S SCORE IN WEF IN QUALITY OF ROADS BY 10-15 POSITIONS

The State Automobile Roads Agency of Ukraine, also known as Ukravtodor, in 2020-2021 seeks to raise Ukraine’s score in the Global Competitiveness Report of the World Economic Forum (WEF) in the quality of roads by 10-15 positions compared with the score for 2019 (114 rank).
Ukravtodor Heaad Oleksandr Kubrakov presented these plans on his Facebook page after a roundtable in the American Chamber of Commerce in Ukraine.
“In fact, there are about 15 major market players, 60 or more auction participants in the projects of IFIs [international financial institutions], stable financing from the Road Fund (UAH 31.5 billion) and additional financing under government guarantees, as well as from funds that Ukraine received under the award of the Arbitration Institute of the Stockholm Chamber of Commerce. We are working on what is needed to improve both perception and reality – liberalization of pricing, typical tender documentation and resistance to “tender trolls,” he said.
According to the data released by Kubrakov, in 2019, four companies were the leaders in the number of complaints to the Antimonopoly Committee of Ukraine, with a total of 720 complaints.
“We are waiting for the certification of WiM systems and initiate the signing of the Memorandum of Virtue in the field of freight transportation. I am sure that Ukrainian roads cannot be saved with fines and restrictions alone. We need an active position of all market players,” the head of the agency added.

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