After the renewed interest of developers in the implementation of office projects in Kyiv, the volume of office space to be commissioned in 2020-2021 is 406,000 square meters, Ihor Zabolotsky, an expert of Colliers International (Ukraine) in the field of commercial real estate, has said. “Developers have become very active. The volume of new supply for 2020–2021 will be about 400,000 square meters. There is, of course, a certain discount that some facilities will not be put into operation on time. But in general, we see a huge amount of new projects,” the expert said at the Open Mind conference held in Kyiv last week.
He explained this situation has arisen due to a very low rate of commissioning new projects in the last five years, as a result of which the vacancy in the market in 2018 fell to 6.5% and still continues declining.
“In 2019-2020, the vacancy will continue falling, i.e. we will be in the lessor’s market. Many corporate tenants have already experienced this in during negotiations both with the current lessors and during the move. Accordingly, rental rates will increase,” he said.
He noted that until 2014 the annual supply in the Kyiv office market was 130,000-150,000 square meters, then decreased by three times.
The National Anti-Corruption Bureau of Ukraine (NABU) has found manifestations of Ukrainian corruption in 65 countries, the press service of the NABU has reported. “Ukrainian corruption is traced in 65 countries. Most often, detectives have to seek help from law enforcement officials in Latvia, Cyprus, the U.K., Germany and Switzerland. For its part, the National Bureau also tries to respond promptly to requests received from foreign colleagues: 90% of them were satisfied,” the NABU said in a statement.
The NABU sent about 500 requests for international legal assistance to the competent authorities of other states. Of these, 118 were only in the second half of 2018, of which 52 were answered. The purpose of requests is to find out the circumstances of committing corruption offenses, as a result of which the interests of Ukraine were damaged.
NABU explained the need for international communication by the fact that the majority of corruption schemes provide for the participation of companies registered abroad. Typically, these companies play the role of intermediaries which leave the lion’s share of revenues of state-owned companies. In the future, the organizers of the schemes legalize these funds and spend them for their own needs, including for financing political projects.
Examples of criminal proceedings in the NABU, the investigation of which was led by detectives abroad, are: the embezzlement of UAH 247 million at state-owned enterprise (SOE) Ukrainian Sea Ports Authority, causing a loss of $60.5 million to PJSC State Food and Grain Corporation. The NABU and Special Anti-Corruption Prosecutor’s Office (SAPO) estimated that, due to corruption involving foreign contractors, the state interests were damaged in the amount of about UAH 7 billion.
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Burisma Group, a gas producer, in January 2019 started building a gas pipeline that would connect Vodianivske and Karaikozivske fields in Kharkiv region and plans to invest UAH 60 million in the project, the company’s press service has reported.
The company expects that the new gas pipeline will allow boosting efficiency of operation and management of flows between the two fields. The length of the new gas pipeline will be 16.6 km.
Burisma Holdings controls Energy & Service Company Esko-Pivnich, LLC KUB-Gas, LLC Pari, the First Ukrainian Gas and Oil Company, SystemOilEngineering, Nadragas, Aldea-Ukraine, Burisma Service, Tehnokomservis, NadraGazVydobuvannia, GasOilInvest, and NGPGeo (Oil and Gas Industrial Geologia).
Mykola Zlochevsky is Burisma’s beneficiary.
PJSC Kyivoblenergo has announced a tender to build the Boryspil solar power plant with a power capacity of 5 MW at 36A, Zaporizhska Street in Boryspil, Kyiv region.
According to the ProZorro e-procurement system, the expected cost of works is UAH 7.305 million. Bids can be submitted before March 1. The auction is to take place on March 4.
At the end of 2017, the executive committee of the Boryspil City Council provided Promin-Energo LLC with town-planning conditions and construction restrictions on a land plot at 36A, Zaporizhska Street in Borispol for the construction of a 5 MW solar power plant. At the end of 2018, Promin-Energo LLC obtained a license to generate electricity for the first stage of the solar power plant at the specified address with a capacity of 996.36 kW from the National Commission for Energy, Housing and Utilities Services Regulation (NCER).
According to the public register of owners of legal entities, as of February 2019, Promin-Energo LLC with a statutory fund of UAH 60 million belonged to four individuals – Eduard Nikitiuk, Yulia Merezhko, Ihor Protsenko and Asatur Baghdasaryan.
