Business news from Ukraine

The National complex Expocentre of Ukraine (Kyiv) signed a lease agreement with the development and educational project more, which won the first auction for the lease of state property on the electronic platform Prozorro.Sale.
“Just recently, an important event took place in the history of Expocentre, to which we have been going for a long year and a half. We became pioneers and the first among state-run organizations who signed a lease agreement with a partner within the framework of the auction of the State Property Fund,” Managing Director of Expocentre Yevhen Mushkin wrote on Facebook.
According to him, the contract was concluded for 13 years. The rented pavilion (formerly Dary Moria) will also be renovated.
The educational project mOre, created by co-owner and CEO of the TransInvestService (TIS) Andriy Stavnitser, was previously located in the Toronto business center in Kyiv, but after the acquisition of a part of the building by the Kovalska group, the lease was terminated due to a delay in rent.
As reported, in October 2019, the Verkhovna Rada adopted a bill on the lease of state-owned and municipal property, providing possibility of holding procedure of electronic auction. The first electronic auctions under the new lease law were expected in April 2020.