UDP (Kyiv) from the UFuture investment group has arranged a joint project to expand Dymerka solar power plant (Kyiv region) from 6 MW to 57.6 MW with Spain’s ACCIONA Energia Global, the press service of UDP reported on Friday.
“The first project of the Spanish energy giant on the Ukrainian m
arket will be the development of the second, third and fourth stages of the Dymerka solar power plant in Kyiv region with a total peak capacity of 57.6 MW. The first phase of this plant was commissioned by UDP Renewables in the summer of 2017. The total volume of foreign direct investment only in this project is EUR 54.7 million,” UDP said.
The founder of UFuture Vasyl Khmelnytsky said that the launch of the Dymerka solar power plant at a full capacity is scheduled for the first quarter of 2019.
“I believe that this example would stir up the process of attracting investment and the global expertise, which is also important,” UDP reported, citing Khmelnytsky.
ACCIONA Energia CEO Rafael Mateo said that the Spanish company starts its operations in the renewable energy sphere in Ukraine with support of the European Bank for Reconstruction and Development (EBRD).
The UDP said that they arranged with Acciona Energia Global to work together on a broad portfolio of investment projects in both solar and wind energy in the Ukrainian market.
As reported, the first stage of the solar power plant in the village of Velyka Dymerka (Kyiv region) with a capacity of 6 MW was registered for Dymerka solar power plant-1 LLC. The company belongs to the majority shareholder of the UDP development company Vasyl Khmelnytsky.
ACCIONA Energia Global from ACCIONA Group headquartered in Madrid is a global leader in renewable energy with 25 years of experience.
UFuture investment group is a leading business group in Ukraine. It incorporates UDP, the Sikorsky Kyiv airport (Zhuliany), RTM national outdoor advertiser, Bila Tserkva industrial park, UNIT.City and LvivTech.City innovative parks, Biopharma pharmaceutical company and UDP Renewables. UFuture is headquartered in Brussels and its head office is located in Kyiv
UDP Renewables is a Ukrainian developing company in the renewable energy sphere.
Verkhovna Rada Chairman Andriy Parubiy has signed the law on the High Anti-Corruption Court, passed by the parliament on June 7. “I want to take an opportunity to solemnly sign this law in your presence,” he said at a joint press conference with Speakers of the parliaments of Georgia, Irakli Kobakhidze, and Moldova, Andrian Candu, in Kyiv on Saturday. As reported, on June 7, the Verkhovna Rada, Ukraine’s parliament, approved at second reading and as a whole presidential bill (No. 7440) on the High Anti-Corruption Court.
Some clauses of this bill were changed before second reading as a result of consultations with the IMF. The most controversial clause concerned the decisive role of the public council of international experts in the selection of judges.
The law determines the procedure for holding a competition for the selection of anti-corruption judges.
According to the wording of the bill at the second reading, criminal proceedings against corruption crimes provided for in the commentary of Article 45 (1) of the Criminal Code of Ukraine, Article 206 (2), 209, 366 (1) of the Criminal Code will be subjected to the High Anti-Corruption Court (HACC).
The law enters into force on the day after its publication, with the exception of certain provisions that come into force with the commencement of the work of the High Anti-Corruption Court.
Consumer prices in Ukraine in May 2018 remained unchanged from the previous month, while inflation was 0.8% in April, 1.1% in March, 0.9% in February and 1.5% in January, the State Statistics Service has said. According to the agency, in annual terms (May2018 to May 2017) the rise of consumer prices slowed down to 11.7% from 13.1% in April, 13.2% in March, 14% in February, and 14.1% in January.
Underlying inflation in May 2018 fell to 0.2% from 0.6% in April and 1.4% in March, in annual terms being 9.3%.
The service said that since the beginning of the year consumer prices in Ukraine have increased by 4.4%, while underlying inflation was 3.5%.
In May compared with April 2018 prices for food and non-alcoholic beverages decreased by 0.7%. Prices for eggs and buckwheat fell most of all (by 9.5% and 7.3%). Prices for vegetables, milk and dairy products, sugar, lard, fruits, rice, sunflower oil fell by 2.9-0.5%. At the same time, prices for fish, pasta, bread, and non-alcoholic beverages rose by 0.8-0.5%.
Prices for alcoholic drinks and tobacco products grew by 1.8%, in particular for tobacco products by 2.4%, alcoholic drinks by 1.0%.
The growth of tariffs for housing, water, electricity, gas and other fuels by 0.1% was mainly due to the increase in water supply tariffs by 2.2%, sewerage by 1.8%, and housing maintenance by 1.2%.
The department of municipal ownership of the Kyiv City Administration has sold a nonresidential building located at 8 (A, A2) Heorhiyevsky Lane in the Shevchenkivsky district of Kyiv, at an auction to Global Invest LLC (Kyiv) for UAH 102.541 million (around $4 million).
The department of municipal ownership told in response to the inquiry of Interfax-Ukraine that the building with gross area of 3,800 square meters was placed to the list of facilities being in municipal ownership of the Kyiv community and eligible to privatization.
According to the unified public register, the holder of 99.776% of the charter capital of Global Invest LLC is UDP Asset Management LLC, which acts on its own behalf and on behalf of Misky Quarter fund (as of June 8, 2018, the company also holds 67.3% in the charter capital of Ukrainian Development Partners (UDP) LLC).
The department said that a nonresidential building located at 44A, Khreschatyk Street was sold to Vacus-Investments LLC (Kyiv) for UAH 32.3 million.
Verdis LLC (Kyiv) privatized a building with gross area of 435 square meters located at 1/2A, Baseina Street for UAH 4.3 million.
Kronker Group LLC bought a building with gross areas of 460 square meters located at 3A, Trukhanivska Street for UAH 5.9 million.
Global Invest LLC was founded in 2004. Its core business is construction of residential and nonresidential buildings. The ultimate beneficiary is ex-director general of UDP Valeriy Kodetsky.
President of the Venice Commission Gianni Buquicchio has called the adoption by the Ukrainian parliament of the law “On the High Anti-Corruption Court” a testament to Ukraine’s intention to continue the path of reforms and European integration.
“It is with great satisfaction – I would even say with great joy – that I learnt of today’s decision by the Verkhovna Rada to adopt the law on the High Anti-Corruption Court. According to the reports the law as adopted is in line with the recommendations of the Venice Commission,” the Commission chief said in his statement posted on the Commission’s website on Thursday.
The official congratulated the Ukrainian MPs on the vote and thanked all those who contributed to the adoption of the law.
“This is an important step forward for Ukraine and for Europe, most of all for the citizens of Ukraine who have suffered for too long from the evils of corruption. Today’s vote shows that Ukraine is determined to continue on the path of reform and European integration,” said the VC chief.
He also urged all those involved to ensure the rapid formation of the court and to provide it with appropriate means for functioning.
As reported earlier, the Verkhovna Rada passed presidential draft law “On the High Anti-Corruption Court” (No. 7440) at the second reading.
The insurance companies of Ukraine in January-March 2018 collected net premiums in the amount of UAH 8.119 billion, which is 26.7% more than for the same period a year earlier, according to the website of the National Commission for State Regulation of Financial Services Markets. According to the regulator, the volume of gross insurance premiums collected by insurers for the period amounted to UAH 11.619 billion (6.6% more).
The commission notes that an increase in gross insurance premiums occurred for almost all types of insurance: auto insurance (KASKO, OSAGO, Green Card) by UAH 461.2 million, or 20.7%, insurance against fire risks and risks of natural phenomena by UAH 1.046 billion, or 41%, insurance of liability to third parties by UAH 365 million, or 72.2%, credit insurance by UAH 224.8 million, or 3 times, life insurance by UAH 193.8 million, or 30.6%, insurance against accidents by UAH 163.6 million, or 65.9%, medical insurance by UAH 143.8 million, or 18.9%, and medical insurance by UAH 69.9 million, or 40.3%.
The share of net insurance premiums in gross insurance premiums for the first quarter of 2018 rose by 11.1 percentage points from the first quarter of 2017 and amounted to 69.9%.
In January-March of the current year, insurers paid UAH 3.099 billion of net insurance claim fees, which is 37.2% more than in the same period a year earlier. The level of net payments grew from 35.3% to 38.2%.
