Business news from Ukraine

The Cabinet of Ministers at a meeting on Friday included in the Register of industrial parks three parks at once: two in Khmelnytskyi region and one in Lviv region, the Ministry of Economy reported.
In particular, the register includes FE Krasyliv Technoport with the area of 10.146 hectares, the creation of which was initiated by JSC Krasyliv Machine-Building Plant. The park plans to create about 500 jobs in the industrial cluster for metalworking and metal products manufacturing.
“The initiator plans to invest in the park 87 million UAH, it is also expected to attract investments of the management company, residents of the park (in its own production), private financing of the project,” – indicated the Ministry of Economy.
It is noted that investors from Poland, Germany and Turkey have confirmed their readiness to invest in the park’s enterprises following the results of negotiations.
The total amount of preliminary confirmed investments is 555 million UAH, another 70 million UAH is expected from small and medium-sized businesses, which will help with the manufacture of parts for the production of large investors.
The second park in Khmelnytsky region, included in the register, was the FE “Carbon Neutral ECO AGRO HAB Podillya “Gorodok”, on the territory of Gorodok city territorial community. 50.1856 hectares of land were allocated for the arrangement of the park, and the initiator of the IP was Epicenter K LLC.
“The park will specialize in agro-processing – production of oil and fats, products of the flour and poultry industry, other food products and ready-made animal feed. In addition, it is planned to produce most of the electricity for the work of the enterprises located there,” the report says.
It is assumed that the creation of the park will provide work for about 480 residents of the community. As noted in the concept of the park, during 2026-2032 the enterprises participating in the park will pay to the budgets more than 525 million UAH of taxes and fees.
In addition, the register of FE includes “YADRO Industri” in Drohobych, Lviv region, with an area of 10.0036 hectares, initiated by LLC “Facade-West”, which plans to invest in the development of more than 561 million UAH.
It is planned to create about 500 jobs in the industrial cluster, one of the key types of production of which is planned to be window production.
Priority for placement in the park will also be enterprises for production of building materials from clay, porcelain and ceramics products; production of cement, lime and gypsum mixture and products from these materials, processing and finishing of stone, etc.
It is stated that among the investors ready to invest in production are companies from the USA and Spain, Ukrainian small and medium-sized enterprises. The total amount of their investments is planned at the level of 270 million UAH.
“The development of industrial parks is very important in the context of recovery and further growth of the Ukrainian economy…The government is purposefully working on the development of processing with high added value. And the work of processing enterprises within the parks gives businesses significant additional opportunities for growth,” the press service quoted Deputy Economy Minister Volodymyr Kuzo as saying.
Given the decisions taken by the government on Friday, 73 parks are included in the Register of industrial parks.
As reported, the draft state budget for 2024 for the first time provided for the allocation of UAH 1 billion for the development of infrastructure of industrial parks.