Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 25/06/19

National bank of ukraine’s official rates as of 25/06/19

Source: National Bank of Ukraine

$140 MLN MALL TO BE LAUNCHED IN KYIV

Former owners of bank Aval have invested over $140 million in the River Mall located in Dniprovska Naberezhna in Kyiv, which will be opened for visitors next week, the co-owner of the mall, Serhiy Vovchenko, has said.
“Tenants have been working on their premises since February of this year. Next week River Mall doors will open for visitors, and the official opening is scheduled for the first decade of September, while the exact date has not yet been set. Among those 50% of tenants who will open their stores already next week is Silpo,” he told Interfax-Ukraine.
According to Vovchenko, more than $140 million have already been invested in the project.
“We did not attract foreign investment. The River Mall has seven founders from among the former owners of Aval Bank. The largest shareholder is Fedir Shpyh with a share of slightly less than 50%. Leased areas as of now are distributed by 90%. Inditex Group and H & M clothing retailers have come to us,” the co-owner said.
He said that there are plans to launch the aqua park in the summer of 2020.

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DNIPRO TO GET EUR 12.5 MLN FOR ENERGY EFFICIENT SCHOOLS AND KINDERGARTENS

The European Bank for Reconstruction and Development (EBRD) with the Eastern Europe Energy Efficiency and Environment Partnership Fund have provided EUR 12.5 million for energy-efficient modernization of schools and kindergartens in Dnipro.
“The European Bank for Reconstruction and Development, with which Dnipro is successfully cooperating in the construction of the subway and renovation of rolling stock, together with the Eastern Europe Energy Efficiency and Environment Partnership Fund, provided EUR 12.5 million to the city for the energy-efficient renovation of 84 schools and kindergartens,” Dnipro Mayor Borys Filatov said in the Facebook social network.
According to him, modernization works include insulation of facades and roofs, replacement of windows, as well as the placement of heat points, which reduce heat loss in the winter period by half.
According to Filatov, by the end of 2019, it is planned to complete the modernization of 15 facilities, the rest – by the end of 2020. The works are performed by Azerbaijan’s Akelik, which was selected by the European partners at a tender.

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KYIV’S BUSINESSMAN BUYS MIZUN MINERAL WATER PLANT

Kyiv’s businessman Dmytro Nikiforov has built up 100% of corporate rights in a group of companies owning the Mizun mineral water plant (Ivano-Frankivsk region), producing water under the VODA UA trademark. According to the information on the website of InVenture, the group of companies includes Mizun LLC, Astreya LLC and Karpaty Mineral Waters LLC. Mizun deposit of table and medicinal waters is the largest in Ukraine with a confirmed debit of 1 million liters per day. The plant produces 19 SKU of natural table water under three trademarks (VODA UA, Horianka, Karpatska Vysokohirna), as well as mineral medicinal water. The total capacity allows bottling 150,000 liters per shift.
According to InVenture, the new owner of the plant seeks to invest $2.4 million in the modernization and expansion of production, and in the two-year term – to enter the top 10 Ukrainian bottled water producers.
“According to experts, the purchase of the plant could cost the businessman $1.5-2 million. The flagship brand of the VODA UA group was created about three years ago and demonstrates strong growth, primarily in the HoReCa segment,” InVenture said.
According to the public register of Legal Entities and individual entrepreneurs, Nikiforov also co-owns several enterprises registered in Kyiv and is engaged in trade, consulting services, and other services.

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U.S. READY TO SUPPORT ENERGY REFORM IN UKRAINE

Principal Deputy Assistant Secretary of the U.S. Department of State’s Bureau of Energy Resources Kent Logsdon has said at a meeting with representatives of the World Bank and the European Union that Washington is ready to support Ukraine’s energy reform programs together with international partners.
“During meetings with World Bank and EU officials, PDAS Logsdon underscored the U.S. commitment to supporting Ukraine’s energy reform agenda together with international partners,| the U.S. Embassy in Ukraine said on Twitter on Monday, June 24.

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DELIVERY COMPANY NOVA POSHTA TO EXTEND WASTE COLLECTION PROJECT ALL OVER ITS CHAIN IN UKRAINE

Nova Poshta has launched a pilot project for waste collection and sorting in ten Kyiv offices and is planning to extend it all over its chain, Director of Nova Poshta Oleksandr Bulba has told Interfax-Ukraine.
“In mid-April we started a pilot project for waste collection and sorting in our offices for all clients of the company. Ten our departments Kyiv are participating in the project. Three boxes are installed in each of them. The first one is for paper, cardboard, and paper packing material. The second one is for transparent stretch film and bubble film. And the third one is for plastic bags and colored stretch film. We pass raw materials to our contractors for recycling and they make new products of it,” he said.
Bulba added that the company collected around two tonnes of waste materials over months, 80% of which is corrugated cardboard.
“We are planning to extend this project all over Ukraine,” he said.

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