Business news from Ukraine

Business news from Ukraine

Univest has invested UAH 300 mln in construction of new workshop in Kyiv region

Univest, a manufacturer of paper and cardboard packaging for the food industry, has invested about UAH 300 million in the construction of a new eco-packaging workshop in the Fastindustri industrial park (Fastiv, Kyiv region), said Dmytro Kysylevskyi, deputy chairman of the parliamentary committee on economic development.

According to his post on Facebook, the equipment that has already been installed is planned to be put into operation in a few months.

Kysylevsky said that the equipment for industrial production in the industrial park was first imported to Ukraine with the use of import duty and VAT incentives.

“Ukrainian entrepreneur Volodymyr Kudryashov, owner and CEO of Univest, pioneered the use of government incentives. He had to work with customs to figure out how to do everything, because it was the first time both the company and the state did it,” he wrote.

As reported, the law provides for exemption from VAT and customs duties on imports of new equipment, as well as from income tax for 10 years if the company operates within the framework of the IP; preferential rates of real estate tax and land fees from local authorities.

Univest Holding, according to its website, is one of the leaders in publishing and printing in Ukraine. Its key business areas include a large offset printing house, Univest Print, a cardboard, plastic and blister packaging manufacturer, Univest Packaging, a cardboard eco-tableware manufacturer for fast food chains, Food-in-Box, and a publishing house (producing agricultural magazines and books), Univest Media.

The holding also includes a warehouse complex with an area of 20 thousand square meters, a creative and advertising agency.

According to the Clarity system, packaging manufacturer Univest Marketing LLC increased its net profit by 5.3 times in January-September 2023 compared to the same period in 2022, to UAH 77 million, with net income growing by 58% to UAH 548.9 million.

The company’s product range includes paper cups, lids, burger boxes, soup bowls, salad bowls, trays, French fries packaging, and ice cream and popcorn buckets.

According to YouControl, the company is owned by Cyprus-registered U.C.H. Univest Ciprus Holding, and the ultimate beneficiaries are Volodymyr Kudryashov (51%) and German citizens Hans and Louis Riffart (12.74% each).

The 15-hectare Fastindustri was included in the Register of Industrial Parks in January 2017. According to Kysylevsky, Univest is the main investor in the IP.

The park is planned to accommodate several more enterprises based on the circular economy principle, and the investment plans for the IP are calculated until 2027.

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Kyiv region wants to buy 43 school buses for 128 mln UAH

Department of Science and Education of Kyiv Regional State Administration (KOSA) intends to buy 43 school buses for the expected amount of 127.84 million UAH until October 31, 2023.
According to the announced June 28 bidding on the procedure of request for bid prices, such proposals will be accepted until July 3.
Technical specifications specify, in particular, that the buses must be made not earlier than 2022, have 26 seats for pupils and two – for accompanying persons and crew members, comply with Euro 5.
As it was reported, the Cabinet of Ministers by its Resolution of 28 April 2023 approved the procedure and terms of granting subventions from the state budget to local budgets (this year’s subvention is 1 billion UAH) for the purchase of school buses.
Procurement is carried out using the electronic catalog (ProZorro Market) by the procedure of request for bid, allowing the customer to select the best price offer in four days and lower than in open bidding.
School buses are purchased on condition of co-financing from the state budget (at least 70%) and local budgets.
Subventions to the budget of Kyiv oblast makes up 87.95 million UAH.
As previously reported, a number of regions have already conducted or are conducting such purchases. In particular, the best offer in the similar procedure announced on June 23 for the purchase of 28 school buses of Odessa Regional State Administration was the offer of the Trading House “Etalon Auto” with buses of Chernihiv Automobile Plant for 82.46 million UAH. The second proposal was made by Dnipropetrovsk Avto JSC (UkrAvto corporation) with ZAZ buses for UAH 82.6 million (the expected purchase price).

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In Kyiv region, emergency power outages are possible

On the night of October 27, Russian invaders damaged energy infrastructure facilities in the Kyiv region, a number of critical facilities were put out of action, head of the Kyiv regional military administration Oleksiy Kuleba said.
“It is necessary to prepare for emergency power outages for an indefinite period. Specialists are taking the necessary measures to eliminate the consequences of the shelling. Everyone is working in their places non-stop,” Kuleba wrote on his Telegram channel.
He urged residents of the region to consume electricity moderately, especially during peak hours.
“This is a forced step to stabilize the situation,” the head of the OVA stressed.

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Vitali Klitschko said that capital will help in restoration of cities and towns in Kyiv region

The authorities of Kyiv will assist in the restoration of cities and towns of the metropolitan agglomeration, which suffered the most during the defense of Kyiv from Russian invaders.
With such a proposal, the mayor of the capital, Vitali Klitschko, addressed the heads of local communities, the press service of the mayor reports.
“Jointly defending the capital from the Russian aggressor, we once again became convinced of the importance of our unification into the Kyiv Agglomeration Association, which we created in 2019. We united not only in the defense of Kyiv and our communities, but also in providing volunteer assistance, supporting the military and temporarily displaced citizens. I am convinced that we must join forces in rebuilding, restoring our cities and towns, housing and infrastructure for our citizens,” he said.
In this regard, Klitschko put forward a proposal to the territorial communities for help from the center of the Kyiv agglomeration – Kyiv.
“In particular, in the form of a subsidy for the restoration of facilities damaged by Russian barbarians during the hostilities in the suburbs of Kyiv in February-March 2022. Because our communities together make up a big Kyiv, and we must jointly restore and develop it,” he emphasized.

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Ukraine to build 2 incineration plants in Kyiv region

As part of the waste treatment reform, Ukraine is implementing the first major investment project: within two years, two modern incineration plants with a total processing capacity of 145,000-220,000 tonnes of waste per year will be built in Kyiv region.
According to Minister of Environmental Protection and Natural Resources of Ukraine Ruslan Strilets, on September 8 he and Head of Kyiv Regional State Administration Oleksiy Kuleba, Mayor of Boryspil Volodymyr Borysenko, Mayor of Brovary Ihor Sapozhko and Mayor of Fastiv Mykhailo Netiazhuk signed a memorandum of cooperation, effectively securing the intention to build waste processing enterprises.
“Two modern plants for household waste treatment will be built on the territory of Boryspil, Brovary and Fastiv communities. Their uniqueness lies in the use of several processing technologies at once. In particular, organic waste (food waste) will be processed with subsequent production of biomethane, as well as deep sorting of waste with the allocation of resource-valuable materials – scrap metal, glass and plastic,” the minister wrote on Facebook on Thursday.
The planned capacity of the common plant for the Brovary and Boryspil communities will be approximately 110,000-120,000 tonnes of waste per year, Fastiv – 35,000-100,000 tonnes per year. The construction period will be two years, the projects will be implemented at the expense of loans from European banks.
According to Strilets, negotiations are underway with potential investors who have long been waiting for the adoption of a law on waste management in Ukraine. The minister recalled that the waste management reform was launched by the adoption by the Verkhovna Rada in July of bill No. 2207-1-D, which creates transparent conditions and guarantees for investments in this sector of the economy.
The minister specified that Kyiv region was chosen for the implementation of the reform, since amid the Russian full-scale invasion, the capital and the capital region demonstrated the stability and invincibility of the entire country.

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Kyiv region allocated UAH 145 million for restoration from reserve fund of regional budget

The Kyiv Regional Council allocated UAH 145 million from the reserve fund of the regional budget to overcome the consequences of the war and restore the region, the head of the Kyiv Regional Military Administration, Oleksiy Kuleba, said in a video message on Friday.
“These funds will be used for road maintenance, as well as relevant infrastructure, territorial defense, liquidation of the consequences of hostilities and preparation for the heating season,” Kuleba emphasized.
According to him, out of 145 million hryvnias, 100 million hryvnias have been allocated for the maintenance and development of highways, as well as the corresponding infrastructure.
Kuleba noted that for preparation for the heating season, Borodyansk will receive UAH 6.7 million, Vasylkivsk will receive about UAH 19.7 million, Dymersk will receive about UAH 12.9 million.
In addition, for the liquidation of the consequences of hostilities and the restoration of the infrastructure of settlements, UAH 0.6 million was allocated to the Borodyansk community, over UAH 2.3 million to the Dymersk community, and UAH 0.255 million to the Poliska territorial community
Another 2 million hryvnias will also be directed to the work of territorial defense and other measures related to the military aggression of the Russian Federation.

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