Business news from Ukraine

UAH 100 MLN TO BE INVESTED IN RECONSTRUCTION OF CENTRAL BUS STATION

Some UAH 100 million has been invested in the reconstruction of the Central Bus Station, Maksym Skliarenko, the director of Ukrpas, said in an exclusive interview with Interfax-Ukraine.
According to him, a food court, a shopping area, a pharmacy will be located on the first floor of the renovated Central Bus Station, and a food court, cash desks and a waiting area for passengers on the second floor.
“All tenants will go out for repairs after the completion of the reconstruction of the station itself. On the third floor there is already a hotel with three categories of rooms – from a hostel with a place for UAH 450 to superior rooms for UAH 1,500 per day,” Skliarenko said.
As reported, the State Property Fund of Ukraine in the spring of 2020 sold at an auction a state package in the amount of 99.9% of the charter capital of Kyivpasservice. The starting price of the lot was UAH 195.9 million. The winner of the auction was Bastion Group LLC with an offer of UAH 230.89 million.
Kyivpasservice includes the Central Bus Station, the bus stations Podil, Darnytsia, Polissia, Pivdenna, Dachna in Kyiv, as well as 18 bus stations in Kyiv region.
The condition for the privatization of Kyivpasservice is that the investor retains the activities of bus stations in Kyiv for at least five years, in Kyiv region – for at least 15 years.

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FOREIGNERS WHO INVESTED OVER $100,000 WILL HAVE OPPORTUNITY TO APPLY FOR IMMIGRATION PERMIT IN UKRAINE

Foreigners and stateless persons who have invested over $100,000 in enterprises established by them in Ukraine will have the opportunity to apply for an immigration permit in Ukraine.
The relevant resolution was adopted by the Cabinet of Ministers at a meeting on Wednesday without discussion, an Interfax-Ukraine correspondent said.
According to the draft document posted on the government’s website, such investments must be confirmed by a certificate from the bank on the receipt of such an amount to the immigrant’s investment account and its use for foreign investment in the Ukrainian economy. Or a bank certificate on the transfer of such an amount to the current account of the enterprise from the personal foreign account of the immigrant.
In turn, the State Migration Service of Ukraine, in accordance with the document, checks in the bank before making a decision whether these investments have not been returned.
In addition, the government has included persons who have served in the Armed Forces for more than three years in the list of those who are subject to immigration quota and who are eligible to apply for Ukrainian citizenship.

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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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