Business news from Ukraine

Business news from Ukraine

$40 MLN E-SPORTS ARENA TO BE BUILT IN UKRAINIAN CAPITAL

Investments in the construction of a multifunctional e-sports arena with a capacity of 10,000 people in Kyiv will amount to $40 million, the co-founder of the Ukrainian multi-gaming e-sports organization Natus Vincere (NAVI), the founder of the DreamTeam gaming platform, Oleksandr Kokhanovsky, has said.

“We plan to build a multifunctional e-sports arena for $40 million, which will accommodate 10,000 people. It will be located in the center of Kyiv. There will be not only e-sports, but also ordinary sports, concerts, events, exhibitions, conferences there. The country does not yet have such a platform,” he said at the Kyiv Investment Forum.

According to him, Dnipro hotel in conjunction with the e-sports arena will allow holding up to 16 major e-sports events in Kyiv and will provide about 100,000 tourists annually. In addition, revenues to the local budget from tourist tax alone will amount to about UAH 40 million per year, the businessman added.

“Our main idea is that when we have a hotel and an arena, it will become a unique competitive advantage in order to participate in tenders for computer games developers for holding events. We will be able to receive from eight to 16 top events per year,” he explained.

Earlier, Kokhanovsky announced plans to reconstruct Dnipro hotel in one and a half to two years, having invested about $20 million in the project. According to the founder of NAVI, Smartland LLC, as one of the project partners, will be responsible for the management of real estate.

As reported, Smartland LLC bought Kyiv-based hotel Dnipro at an online auction for UAH 1.1 billion.

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VOLUME OF CONSTRUCTION PRODUCTS PRODUCED BY TYPE IN JAN-JUNE OF 2020 (MLN UAH)

Volume of construction products produced by type in Jan-June of 2020 (Mln UAH)

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ARCELORMITTAL PASSES 50 MLN TONNES OF SMELTER SLAG FOR ROAD CONSTRUCTION IN UKRAINE

PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) has passed 50 million tonnes of smelter slag to state-run enterprise New Technologies of Road Construction.
The metallurgical complex said on Thursday that after processing into slag crushed stone and sand smelter slag will be used for road construction and repairs under the Big Construction state program.
“We want Ukravtodor and local authorities to use more actively smelter slag provided by ArcelorMittal Kryvyi Rih the characteristics of which fully comply with the national standards of road construction. It can be used in the base layer and as fine and coarse aggregate for concrete and asphalt roads,” the enterprise’s chief engineer, Andriy Babenko, said.
He also noted that active use smelter slag will improve the quality of road surface, as well as resolve the environmental problems related to accumulation and disposal of waste.
“Moreover, this is an economically reasonable solution, as road construction using such a technology will cost the government less than the use of natural materials,” Babenko said.
According to ArcelorMittal Kryvyi Rih, Ukravtodor plans to use around 500,000 cubic meters of smelter slag for road construction in 2020. As of the middle of August, it has used more than 100,000 cubic meters of smelter slag in Kharkiv, Donetsk, Dnipropetrovsk and Zaporizhia regions.

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VOLUME OF CONSTRUCTION PRODUCTS PRODUCED BY TYPE IN JAN-APR OF 2020 (MLN UAH)

Volume of construction products produced by type in Jan-Apr of 2020 (mln uah)

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VOLUME OF CONSTRUCTION PRODUCTS PRODUCED BY TYPE IN JAN-APR OF 2020 (MLN UAH)

Volume of construction products produced by type in Jan-Apr of 2020 (Mln Uah)

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UKRAINIAN PRESIDENT CREATES COUNCIL TO IMPLEMENT BIG CONSTRUCTION PROJECT

Ukrainian President Volodymyr Zelensky by his decree ordered to create the coordination council to implement the Big Construction project led by Deputy Head of the President’s Office Kyrylo Tymoshenko.
“To establish a coordination council for the implementation of the Big Construction program as an advisory body under the President of Ukraine, which main task is to monitor the situation and develop proposals for implementing effective measures to implement the Big Construction program,” Zelensky said in decree No. 246/2020 dated June 23, posted on the president’s website.
By the same decree, Zelensky decided to establish that this coordination council is authorized to receive the necessary information, documents and materials from the government and local governments, enterprises, institutions, organizations; invite to meetings and hear information from representatives of ministries, other central and local executive authorities, heads of state-owned enterprises, institutions and organizations on issues within its competence.
Zelensky by this decree approved the staff of the council.
So, Tymoshenko was appointed the head, and the council also includes Minister of Infrastructure of Ukraine Vladyslav Krykliy, Minister of Health Maksym Stepanov, Minister of Development of Communities and Territories Oleksiy Chernyshov, Head of the State Automobile Roads Agency Oleksandr Kubrakov, First Deputy head of the President’s Office Serhiy Trofimov, and Deputy Head of the President’s Office Yulia Sokolovska.
The coordination council also includes Director General of the Directorate for Regional Policy and Decentralization of the Government of Ukraine Olha Buhai, Director of the Department for Infrastructure and Technical Regulation of the Secretariat of the Cabinet of Ministers Natalia Kozlovska (by her consent), Advisor to the head of the Government of Ukraine Mykhailo Podoliak and Advisor to the Minister of the Cabinet of Ministers Olena Symonenko (by consent).
This decree comes into force on the day of its publication.

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