Business news from Ukraine

Business news from Ukraine

Two more industrial parks may appear in Ukraine

17 March , 2024  

The Cabinet of Ministers of Ukraine has included two industrial parks in Lviv and Rivne regions in the Register of Industrial Parks, Prime Minister Denys Shmyhal said.

“Today we are making a decision to create two more industrial parks,” the Prime Minister said at a government meeting on Friday.

According to him, the park in Rivne region is being created with a specialization in industrial processing. It is expected to create 1,400 jobs and invest over UAH 1 billion.

The park in Lviv region will specialize in the processing industry “with a special emphasis on furniture production.” Investments will amount to more than UAH 2 billion. More than 2,000 new jobs are expected to be created.

“Over the past six months, we have seen progress in the creation of new industrial parks. UAH 1 billion has been budgeted for their development this year,” Shmyhal wrote on Telegram.

Taras Melnychuk, a representative of the Cabinet of Ministers in the Verkhovna Rada, clarified in Telegram that the Industrial Park Boryslav was included in the Register of Industrial Parks in Lviv region.

In addition, the Ministry of Economy reported on Friday that the Yadro Industri industrial park in Drohobych (Lviv region) has received a management company, which is Drohobych Miskbud LLC.

“The agreement on the establishment and operation of the Yadro Industrial Park was concluded between Facade West LLC and Drohobych Miskbud LLC on March 11, 2024,” the statement said.

As reported, Yadro Industrial Park was included in the Register of Industrial Parks at the end of December 2023, initiated by Facade-Zakhid LLC, which plans to invest over UAH 561 million in its development.

It is planned to create about 500 jobs in the industrial cluster, with window production as one of its key production types.