Business news from Ukraine

NORDIC ENVIRONMENT FINANCE CORPORATION INVESTS EUR 226 MLN IN UKRAINE IN 10 YEARS

Nordic Environment Finance Corporation (NEFCO) since 2010 has implemented 243 municipal and private energy efficiency projects in Ukraine, and the total investment has reached EUR 226 million.
According to NEFCO Managing Director Trond Moe, in particular, 179 projects worth EUR 119 million were implemented in the municipal sector and 58 projects worth EUR 89 million in the private sector. In addition, six more projects were implemented with financial institutions for a total of EUR 18 million.
Moe said at a meeting with reporters on Thursday in Kyiv that the largest NEFCO office after its head office in Helsinki is located in the Ukrainian capital.
Ukraine is now the most important country for NEFCO. But in general, the corporation worked on projects in 80 countries, completing more than 1,300 projects. Last year, NEFCO implemented 124 new projects, most of them in Ukraine, he said.
All these projects, according to Moe, contribute to Ukraine achieving an increase in the share of renewable energy of integrated consumption, while reducing CO2 emissions.
By providing financing and sharing risks, NEFCO makes it possible for Northern European companies to invest in Ukraine and at the same time support Ukraine in the transition to clean and sustainable energy, the NEFCO managing director said.
The company plans to continue close cooperation with Ukraine regarding the implementation of energy efficiency projects and the reduction of CO2 emissions.

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UKRAINIAN LEADING MOBILE OPERATOR CONNECTS 50 MORE SETTLEMENTS TO 4G

Kyivstar, a mobile operator, has connected 50 more settlements in Vinnytsia, Zhytomyr, Zakarpattia, Ivano-Frankivsk, Lviv and Khmelnytsky regions to the 4G network, the company’s press service has said.
Such an opportunity, in particular, appeared for subscribers in the settlements of Turbiv, Perehinske, Bilohirya, Hnezdychiv, Iziaslav, etc.
Kyivstar’s 4G network operates in 6,867 settlements, 90% of which are located in rural areas. The total number of residents in the territory of 4G accessibility is over 29 million people, or 70% of the population of Ukraine.
Over 7.5 million subscribers used 4G services in Kyivstar network.
Kyivstar is a Ukrainian telecommunications operator. It provides communications and data transmission services based on a wide range of mobile and fixed technologies, including 3G. At the end of 2018, its services were used by about 26.4 million mobile subscribers and about 900,000 fixed Internet customers.

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DECISION TO LEGALIZE MEDICAL CANNABIS IN UKRAINE TO BE MADE, BUT NOT HASTILY – HEAD OF PARLIAMENT’S COMMITTEE

The decision to legalize medical cannabis will be made, but not hastiliy, Mykhailo Radutsky, head of parliament’s committee on national health, has said.
“We believe that medical cannabis should be available in the country, but we do not want to rush with this issue … We do not promise to do this in turbo mode, we will study very carefully so that, God forbid, not to make mistakes. Do not expect a quick decision from us, but there will be a solution, and this initiative is definitely not bad for the country,” Radutsky said at a briefing in Kyiv on Thursday.
He recalled that several bills on the use of medical cannabis are under consideration by the relevant committee.
According to David Arakhamia, the leader of the Servant of the People faction, the legalization of medical cannabis is a very good initiative.
“We are talking about medical use with very high state control. This must be done because two million people in Ukraine feel pain every day,” said Arakhamia.

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SHOW OF HORSEBACK ARCHERS TO TAKE PLACE NEAR KYIV

On October, 19 and 20 in the «Kyivan Rus Park» a sight worthy of princes will take place – the Show of horseback archers «The Warriors of Rus» with the key event – the horseback archery championship of Ukraine. Also the guests are awaited by a rich program with the horse-trick performances, tasty dishes prepared on a bonfire, museums, master-classes, walks on a horseback and thrilling medieval amusements!
The entry ticket price:
• for adults (full price) – 190 UAH.,
• for pensioners and students – 150 UAH.,
• for schoolchildren – 80 UAH.,
• for preschool children – for free,
Ancient Kyiv opens at 10:00. The program starts at 13:30.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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GERMANY TO ALLOCATE EUR 1.5 MLN TO UKRAINE FOR MEDICAL EQUIPMENT

Germany will allocate EUR 1.5 million for Ukraine to purchase the medical equipment, Ukraine’s Ambassador to Germany Andrij Melnyk reported.
“The ministries of defense have signed an agreement on the allocation of 1.5 million euros by Berlin for the purchase of equipment (mobile x-ray machines, digital surgical machines and angiographs). Danke Deutschland,” Melnyk wrote on Twitter on October 16.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF OCTOBER 17

Official rates of banking metals from national bank as of October 17

One troy ounce=31.10 grams

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