Business news from Ukraine

TURKISH COMPANY MULLING PLACEMENT OF BITUMEN PLANT IN WESTERN UKRAINE

The Turkish construction and investment company Beta Engineering is considering Lviv region for the placement of a bitumen plant, Head of Lviv Regional State Administration Maksym Kozytsky has said.
“Entrepreneurs have their own oil refineries and bitumen plants in Turkey and Iraq. In Ukraine, they would like to start their business, attracting investments as public-private partnership,” Kozytsky wrote on Facebook.
According to him, the parties agreed that the company will study the market and issue a request, and the Regional State Administration will offer land plots suitable for the implementation of the project.

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ZELENSKY ISN’T GOING TO DISSOLVE RADA AHEAD OF SCHEDULE

President of Ukraine Volodymyr Zelensky is not going to prematurely terminate the powers of the Verkhovna Rada.
“I will not dissolve parliament. Nothing will change as of yet,” he said at the press marathon 30 questions for the President of Ukraine in Kyiv on Friday.
He stressed that he does not understand the point why the parliament should be dissolved if the deputies vote, and noted that the country needs stability.

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ZELENSKY PROVIDES INFORMATION ON ADDITIONAL PROTECTION OF NPPS

Ukraine has introduced additional security measures at nuclear power plants (NPP) in order to avoid interference in their work with the aim of destabilizing, head of state Volodymyr Zelensky has said.”To date, Energoatom is operating as it never did. Some 13 blocks out of 15 are working. God grant that everything is good. We are additionally protecting them. Frankly speaking, we know that today everyone wants to do so that there is energy destabilization in Ukraine,” Zelenskiy said during a press conference in Kyiv on Friday.”The main thing for us is that there are no blackouts,” the head of state said.

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AVENGA BUYS UKRAINIAN IT COMPANY PERFECTIAL

The international IT holding Avenga Group has announced the purchase of the Ukrainian outsourcing IT company Perfectial.”According to a report on Avenga’s website, the Ukrainian Perfectial has a team of 500 engineers and UX specialists, which, as part of a long-term strategy, will help Avenga establish itself as one of the leading market players. The cost of the deal has not been disclosed.”Within the last year, Avenga’s global revenue has increased constantly and significantly. At the same time, our team has grown from 2,500 to almost 3,000 professionals. However, our strong organic growth needs to accelerate to meet ever-growing customer demands and to implement projects as quickly as possible. Therefore, after an extensive evaluation of the market, we decided to join forces with Perfectial. Their engineering culture and work attitude, especially their unwavering focus on customer satisfaction and digital excellence, make them a perfect match for Avenga Group,” Jan Webering, the CEO of Avenga, said.Avenga is backed by funds managed by Oaktree Capital Management L.P. and Cornerstone Investment Management for further expansion.Avenga is an international group of technology partner companies providing complex digital transformation services, including implementation, integration and development of technologies, as well as strategy and consulting, in particular in medical, financial, insurance and automotive markets, in particular in Germany, Malaysia, Poland, the United States. The company’s offices are located in Ukraine (Kyiv, Lviv, Kharkiv, Vinnytsia, Ivano-Frankivsk, Lutsk, Poltava, Khmelnytsky and Cherkasy).Perfectial is a Ukrainian IT company founded in 2010. It deals with solutions in financial, marketing, telecommunications and real estate sectors. The company’s offices are open in Lviv, Ivano-Frankivsk and Kyiv.

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CHERKASY AIRPORT RECEIVES CERTIFICATION TO OPERATE AFTER THREE-YEAR BREAK

Cherkasy airport has received an aerodrome certificate, according to which the airport meets the requirements of Ukrainian civil aviation legislation and is suitable for aircraft operation.According to the website of Cherkasy Regional State Administration, the airport resumed certification after a three-year break. The document is valid until 2024.Also, documents have been submitted for the commissioning of the airport runway.The project for the overhaul of Cherkasy airport was launched in 2018, but the work was suspended and resumed only in the summer of 2021. The total cost of the reconstruction was about UAH 129 million.

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PRESIDENT OF UKRAINE: BUSINESS SHOULD NOT INFLUENCE ELECTIONS

President of Ukraine Volodymyr Zelensky, speaking about “red lines” for business representatives, believes that they should not influence people’s votes, participate in elections and finance strikes. “You don’t need to influence people’s opinions because you have something. For example, you have control over a large number of people because of the presence of a large number of enterprises. You cannot tell them to vote for this or that person and pay or delay wages in connection with this. Another story: as a businessman, in principle, you should not take part in elections… Further: you have no right to finance strikes. You have no right to ‘pester’ the population, distribute money. It’s hard for the country,” Zelensky said at a marathon press conference on Friday, answering the question of which “red lines” business representatives should not cross.According to Zelensky, business representatives also have no right to bribe MPs.“Well, how can you buy people? It’s slavery,” he said.He also added that people need to see the real situation with who this or that businessman is.“If there is no influence it is cool. We have so rich people. Well, give jobs, develop. The state is very interested, because today it is very difficult to find international investments in the state, but there is domestic investment. We need to reinvest,” the president added.

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