Business news from Ukraine

NORWEGIAN COMPANY INTERESTED IN DEVELOPMENT OF WEIGH-IN-MOTION PROJECTS IN UKRAINE

The State Agency for Infrastructure Projects (Ukrinfraproekt) and the Norwegian company Q-Free ASA have discussed the prospects for cooperation in 2021 regarding the installation of Weigh-in-Motion (WiM) complexes.

“Today we’ve met with representatives of the Norwegian company Q-Free ASA, who are interested in the development of a project for Weigh-in-Motion complexes in Ukraine. We discussed the prospects for cooperation in 2021 on the establishment of such complexes,” Head of Ukrinfraproekt Kyrylo Khomiakov said on Facebook.

At the same time, he noted that in 2020 Ukrinfraproekt installed 20 WiM complexes, in 2021 it is planned to install 28 such complexes.

Q-Free ASA (Trondheim) is a Norwegian company founded in 1984. It has offices in 16 countries of the world, the number of employees is about 380. Since 2002, it has been listed on the Oslo Stock Exchange under the ticker QFR.

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EU4ENERGY TO PROVIDE ASSISTANCE TO UKRAINE TO IMPLEMENT EU ENERGY INFRASTRUCTURE REGULATIONS

EU4Energy has launched a project of technical assistance for Ukraine to implement EU Regulation 347/2013 for the development of energy infrastructure, according to the website of the Energy Community Secretariat.
“On March 10, EU4Energy launched a technical assistance project to assist Ukraine in the transposition of Regulation (EU) 347/2013, which aims to facilitate investments in energy infrastructure,” the report on the website of the agency reads.
“Representatives of the Ministry of Energy and Environment Protection of Ukraine and Energy Community Secretariat experts discussed ways to put the new project in motion. The draft legislation will be developed with EU4Energy assistance by the end of April 2020 and is to rely on the findings of the legal analysis of the current regulatory framework of Ukraine developed by the Secretariat’s experts in 2019,” according to the document.
“The Regulation prescribes establishing a national competent authority, setting procedures for the permitting process and defining the methodology and criteria to be used for evaluating investment in electricity and gas projects and the risks incurred by them,” it says.

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UKRAINIAN PRESIDENT PROPOSES $2.9 BLN RECEIVED BY NAFTOGAZ FROM GAZPROM SENT FOR INFRASTRUCTURE

Ukrainian President Volodymyr Zelensky has proposed that $2.9 billion, which NJSC Naftogaz Ukrainy received from Russia’s Gazprom as the execution of the award of the Arbitration Institute of the Stockholm Chamber of Commerce, are sent for the implementation of infrastructure projects and healthcare development.
“We plan to additionally provide funds for road construction. This is our infrastructure priority, other infrastructure projects, the medical sector and energy efficiency. Among the plans is to build more than 200 medical aid stations across Ukraine,” he said at a meeting with representatives of the Cabinet ministers and the Verkhovna Rada on Tuesday, the press service of the head of state reported.
Zelensky invited the government to prepare the necessary draft documents within two weeks.

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LARGEST SUGAR PRODUCER IN UKRAINE HAS INVESTED $71 MLN IN DEVELOPMENT OF GRAIN INFRASTRUCTURE SINCE 2014

Astarta agricultural and industrial holding, the largest sugar producer in Ukraine, has invested $71 million in the development of grain infrastructure under the Grain of Astarta investment program launched in 2014. According to a posting of the company on its Facebook page, over the past two years Astarta build four silos in Poltava region and bought Krasyliv silo in Khmelnytsky region.
“The grain infrastructure development program, launched by the company in 2014, has so far been implemented in the form of seven modern (both newly-built and modernized) silos with a total capacity of 550,000 tonnes, as well as its own fleet of 200 railway cars,” the agricultural holding said.
In general, since the beginning of the program, the company has invested $71 million in this direction.
“Starting Grain of Astarta as a program for expanding facilities for our own needs, we have reached the level of providing services and developing eco-systems that are formed around our infrastructure facilities. And we do not stop there. We see great prospects for development and are considering new partnership projects in Chernihiv and Poltava regions,” Astarta Executive Officer Valeriy Sokolenko said.
Astarta is a vertically integrated agribusiness holding operating in eight regions of Ukraine. The holding includes eight sugar factories, agricultural enterprises with a land bank of 243,000 hectares and dairy farms, a biogas plant and a soybean processing complex in Poltava region.

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UKRAINIAN DELIVERING COMPANY PLANS TO INVEST $100 MLN IN INFRASTRUCTURE DEVELOPMENT

Nova Poshta group of companies plans to invest $100 million in infrastructure development in 2020, co-owner of the company Volodymyr Popereshniuk wrote on his Facebook page. “We plan $100 million investment in the development of Nova Poshta for 2020. For us, this is an unprecedented amount, but we need to start sometime. I already said that Nova Poshta had not yet developed, but only trained. Now we are starting!” he declared.
This year, the company plans to launch the second phase of Kyiv Innovation Center, increasing the capacity to 50,000 parcels per hour (with a prospect of up to 60,000).
It is also planned to build four large innovation centers with an automated sorting system in Brovary, Dnipro, Odesa, and Kharkiv.
“The capacity of each will be up to 20,000 parcels per hour. We will also build, update and equip dozens of other terminals in Ukrainian cities with modern equipment,” he said.
In addition, Nova Poshta plans to build the first cargo terminal with a robotic system for sorting pallets and bulky goods, to modernize branches and introduce new equipment to increase the speed of customer service.
“We plan to purchase scooters, pickups, minibuses and intercity containers,” the co-owner of the company said.
According to him, most of the investment will be used for information technology and the development of mobile services.

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LAW ON ROAD INFRASTRUCTURE SAFETY MANAGEMENT TO OPEN ACCESS TO BETTER FINANCING BY IFIS FOR UKRAINE

The law amending the law on automobile roads regarding the audit of road safety will open access to better financing of road construction by international financial institution (IFIs) for Ukraine, Senior Sector Engineer of the European Investment Bank (EIB) Per Mathiasen said at a press conference devoted to the results of the EIB Implementation Support to the Ukraine Urban Road Safety Project in Kyiv on Tuesday.
The European Investment Bank, the World Bank, the European Bank for Reconstruction and Development, all of them stress the importance of road safety, he said.
Mathiasen said that Ukraine needed to change the construction of roads for the safety of road users.
The new law will ensure that safety will become an integral part of the design and planning of new roads, he said.
In addition, according to Mathiasen, the law will make new roads safe and accessible for everyone: cars, cyclists and public transport.
In turn, Deputy Infrastructure Minister of Ukraine Natalia Forsiuk recalled that the government has set two key goals in the field of road infrastructure: “reducing travel time by 10% and reducing the number of traffic accidents by 30%.”
“That is, traffic safety is the only immediate priority of the government [in this area],” she said.
The main priority of the EIB Implementation Support to the Ukraine Urban Road Safety Project, which is funded by the Eastern Partnership Technical Assistance Trust Fund and implemented by Egis Ukraine, is the development of the law of Ukraine on automobile roads regarding the audit of road safety, preparation of technical documentation and boosting the capacity necessary to implement the road infrastructure safety management procedures and to promote the adoption of the law and its enforcement.
In order to implement this project, on October 17, 2019, the Verkhovna Rada of Ukraine adopted the law amending certain legislative acts of Ukraine on road safety management. The law contains most of the provisions of EU Directive 2008/96/EC on road infrastructure safety management, which is a version of the EU law on road infrastructure safety management procedures.
As reported, acting head of the State Automobile Roads Authority of Ukraine (Ukravtodor) Slawomir Nowak said that EBRD and EIB are ready to provide Ukraine with a targeted loan in the amount of EUR 900 million for the development of the road industry in 2020.
The level of road accidents in Ukraine is much higher than in EU countries.

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