Business news from Ukraine

Ukraine to receive EUR 100 mln loan for eRecovery project

Ukraine will receive a EUR100 million loan from the Council of Europe Development Bank for the eRecovery project, said Oleksandr Kubrakov, Deputy Prime Minister for Reconstruction of Ukraine and Minister of Community Development, Territories and Infrastructure.

“Plus EUR 100 million in compensation for destroyed housing from the Council of Europe Development Bank. The relevant decision was made by the Bank’s Administrative Board, and negotiations are underway to sign a Framework Loan Agreement. This amount will be enough to receive more than 2,000 housing certificates for Ukrainians whose homes were destroyed as a result of Russian military aggression,” he wrote on Facebook.

As reported, the Administrative Board of the Council of Europe Development Bank (EBRD) approved the project “NOME. Compensation for Destroyed Property” at a meeting on March 25-26, under which it provided Ukraine with EUR 100 million.

The eRestoration program was launched in Ukraine on May 10, 2023, and owners of damaged housing began receiving compensation of up to UAH 200,000 for repairs. These funds can be used to purchase building materials, pay for construction work and services of contractors who have the appropriate codes to work and whose vendors have applied for participation in the program through the Diia portal. In December, payments for major repairs of damaged residential property were launched – up to a maximum of UAH 350 thousand for an apartment and UAH 500 thousand for a private house. Starting January 1, 2024, Ukrainians who have repaired their homes at their own expense will be eligible to receive compensation for damaged housing.

On August 1, 2023, Diia started accepting applications for compensation for housing destroyed by the war. Compensation will be paid to individual owners of housing that was destroyed due to hostilities after February 24, 2022, cannot be restored and is located in the unoccupied territory and not in the area of active hostilities.

On December 27, 2023, Diia started issuing housing certificates. Since the launch of the state compensation program, more than 11,000 applications have been submitted, and since January, 1637 Ukrainian families have already purchased new homes for a total of UAH 3.4 billion.

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Five schools will be opened in Ukraine as part of project of architectural transformation of Soviet educational institutions

Five pilot schools will be opened in Ukraine in 2024 within the framework of the project of architectural transformation of Soviet educational institutions, the Ministry of Education and Science reports.

“Next year it is planned to open five pilot schools that have been selected for the project of architectural transformation of Soviet educational institutions. These are schools in Kyiv, Kharkiv, Krivoy Rog and Zaporizhzhya, damaged by the war. They will be working already from the fall of 2024. There will not only make a new repair, but will completely rethink the typical Soviet school spaces”, – stated in the message of the press service of the Ministry.

It is noted that new design solutions in schools will allow to effectively implement the principles of the “New Ukrainian School”, in particular, qualitatively realize the activity approach in teaching, conduct experiments, flexibly adapt classes to different learning needs.

“Also, we must do everything to make schools truly safe and inclusive. And this is more relevant than ever in times of war,” the department emphasized.

According to the report, the changes in educational institutions were led and implemented by the Ministry of Education and Science, the Ministry of Digital Transformation and Ukrainian urban bureau Big City Lab, concepts were created with the participation of European architects Rebuild the Wonderful, and the creation of the concept of transformation of five pilot schools is funded by the Mariupol Reborn public organization.

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ADONIS Medical Group has become member of ONOVA project to restore Ukraine

ADONIS Medical Group has become a member of the ONOVA Ukraine Recovery Project.
According to the medical group, the joint project of ONOVA and the ADONIS Medical Group provides, in particular, for the restoration of the ADONIS maternity hospital in Buzova (Kyiv region), which was seriously damaged by an aggressor missile on February 28, 2022.

The Adonis network has eight branches in Kyiv and the region, providing services in more than 65 medical areas. During the war, the branches with surgical units continue to help patients by providing quality medical care to military and civilians.
The ONOVA League of Renewal of Ukraine is a platform for uniting and interacting with representatives of various fields of activity to restore and renew Ukraine.

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Concorde Capital Investment Company is developing concept of development project on territory of plant

Investment company Concorde Capital, which acquired the plant “Kuznya na Rybalskogo” at the end of 2022, is developing the concept of a new development project on the territory of the plant, said the head of Concorde Capital Igor Mazepa in a commentary to the publication “Economic Pravda”.

According to Mazepa, the concept is being developed jointly with foreign architectural agencies. The businessman expects to start construction after the completion of legal proceedings around the bankruptcy of “Kuzna na Rybalskogo”.

He also indicated that Concorde Capital is considering participation in joint investment in the project.

“Our initial plan was to attract an investor to resell the project. Now the situation has changed, so we do not rule out participation in joint investment,” Mazepa said.

He did not disclose the amount of the deal to acquire the plant “Kuznya na Rybalskogo”, previously owned by Sergei Tihipko, but indicated that the deal included assets encumbered by debts of the owner company Ewins Limited.

As reported, in the fall of 2018, co-owner of the TAS Group, businessman Sergei Tihipko acquired from Petro Poroshenko, at that time the President of Ukraine, PJSC “Plant “Kuznya na Rybalskoe” (formerly – PJSC “Leninskaya Kuznya”) – one of the well-known in the market of shipbuilding enterprises of Ukraine.

Until mid-November 2018, the main shareholder of PJSC “ZNKIF “Prime Assets Capital” (formerly – “Petro Poroshenko Fund”, Kiev) was the main shareholder with a 73.9067% stake in the shipyard privatized in 1995, the second largest shareholder with a 20.1280% stake was PJSC “ZNKIF “VIK”, which concentrated the assets of MP Igor Kononenko.

In December 2022, the Economic Court of Kyiv opened a bankruptcy case against PJSC “Plant “Kuznya na Rybalskogo” (Kyiv).

As reported, the TAS group planned to realize on the unused territory of the plant the Lipki Island City Resort project in partnership with the developer City One Development.

According to the National Commission on Securities and Stock Market, as of the second quarter of 2023, the main shareholder of Zavod Kuznya na Rybalskoe is Ewins Limited (94.0347%).

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Japanese company will conduct research in Irpin community within framework of project on garbage recycling – measures

The mayor of Irpen, Buchanskiy district of Kyiv region Oleksandr Markushin reported on the possible introduction of innovative technology of garbage recycling in the community.

“Japanese company Padeco will conduct research in Irpen community in the framework of the pilot project on recycling of garbage URBAN RIG. Technology offer innovative – to process household waste in a special apparatus with the help of high-temperature steam. The output promises useful raw materials for industry and a significant reduction in the volume of waste. Organics will be turned into coal, plastic into petroleum products,” he said in his Telegram channel on Thursday.

In addition to household garbage, this technology can also help with recycling and reducing the volume of construction waste, particularly concrete.

He specified that Padeco is an international consulting company authorized by the Ministry of Economy of Japan to select and analyze projects for financing in Ukraine.

The study to determine whether the proposed technology is suitable for Ukrainian realities will take three months.

“If everything goes well and the Japanese government allocates funding – Irpin community will be able to receive the first trial machines for environmental cleaning in the spring,” Markushin said.


Forests of Ukraine launches project to create talent pool system

The state enterprise “Forests of Ukraine” is launching a project to create a system of personnel reserve, said the company’s CEO Yuriy Bolokhovets.

“Forests of Ukraine employs more than 30 thousand people in all regions of the country. Thousands of management positions. Recently, we have been actively getting rid of managers who commit abuses or violations (…) But where and how to find the best personnel? (…) That’s why we are creating a system of personnel reserve,” he wrote on Facebook.

According to Bolokhovets, the reserve should open up growth opportunities for the capable and hardworking. Every employee who wants to take part in the competition can apply, be tested and undergo a comprehensive assessment of knowledge and skills. Once a vacancy is opened, the HR committee will conduct a selection process, taking into account candidates from the reserve. Employees who are selected for the personnel reserve will be given the opportunity to improve their skills at training courses in law, management, psychology, IT, etc.

The Director General of the State Enterprise “Forests of Ukraine” expressed hope that the new system of candidate evaluation will be not only objective, but also transparent with the possibility of public control.

Currently, the talent pool system is being finalized, a list of positions is being formed, and tests covering all aspects of the company’s work are being developed. The reserve for three positions has already been launched in a pilot mode: a forester, a branch director, and a deputy director of a regional office.

The state enterprise expects that the reserve will start working next year. And all appointments to senior positions will be made exclusively on a competitive basis.

As reported, Ukraine launched a forestry reform in 2016. As part of it, the sale of raw wood at electronic auctions has already been introduced. Since 2021, an interactive map of wood processing facilities has been operating in a test mode in a number of regions.

The industry has implemented the Forest in a Smartphone project, which contains a list of logging tickets for timber harvesting and allows you to check the legality of logging on the agency’s online map.

On June 1, 2023, Ukraine launched a pilot for the electronic issuance of logging tickets and certificates of origin of timber. In addition, the State Enterprise “Forests of Ukraine” has launched a pilot project to procure timber harvesting services through the Prozorro electronic platform.

To date, the SFE has harvested more than 130 thousand cubic meters of firewood for the 2023/2024 heating season.