Business news from Ukraine

UKRAINE AND BULGARIA HOPE TO BUILD HIGHWAY BETWEEN RENI, VARNA

Ukrainian President Petro Poroshenko and Bulgarian Prime Minister Boyko Borisov hope that the towns of Reni in Odesa region and Varna in Bulgaria would be connected by a highway.
“We have arranged that we would step up the issues of building a highway of the transport corridor between Reni in Odesa region and Varna [in Bulgaria] across Romania. I hope that the resources of the European Union will be on our side as well. We will also attract our Romanian partners. And we will do our best to ensure that in the near future you can drive from Odesa to Varna in a few hours,” Poroshenko told reporters on Saturday in Kyiv after the negotiations with the Bulgarian prime minister.
An Interfax-Ukraine correspondent reported that Poroshenko showed a map, which the Bulgarian prime minister brought, indicating the route of building the transport corridor.
“The map, which the president showed, lacks the signature of the Romanian side. The construction of this road will not be very expensive. It could be public private partnership or a joint fund of three states,” the president said.

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EPICENTER WANTS TO BUILD SILO WITH CAPACITY OF 100,000 TONNES IN 2018

The Epicenter K Group, which has been actively developing agricultural business in the past two years, plans to build a silo with a capacity of 100,000 tonnes in 2018 on the territory of an oil depot acquired from Galnaftogaz Concern, the press service of the group has reported.
According to a posting on the website of the Antimonopoly Committee of Ukraine, on May 14, 2018 the committee permitted Epicenter K to buy the oil depot belonged to Galnaftogaz Concern (both based in Kyiv).
The press service of Epicenter K said that the group since 2015 has started investing in agriculture and in two years it boosted its land bank to 110,000 ha.
“In the conditions of the development of the agrarian business, the question arose for us to quickly and substantially increase the capacities of existing ones and build new modern silos. That is why we entered into agreements with PJSC Concern Galnaftogaz on the acquisition of the property complex of the oil depot located at 80, Pryvokzalna Street, Vendychany, Mohyliov-Podilsky district, Vinnytsia region,” the press service said.
The owner of the depot complex did not use for more than 10 years, and the concern did not plan to resume its work.
At the same time, the issue of trade in oil products by the founders of the Epicenter K is not currently being studied and is not being considered.
Epicenter K LLC was established in 2003. Its first construction materials hypermarket was opened in Kyiv in December of the same year.

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ZAMMLER GROUP TO BUILD 60,000 SQ M WAREHOUSE

The ZAMMLER Group (Ukraine), providing transport and warehouse logistics services, plans to implement a project to build a warehouse complex in three stages near Kyiv with gross area of 60,000 square meters, Director of ZAMMLER Group Viktor Shevchenko has said.
“We expect to take a loan from a Ukrainian bank this year to build a warehouse in three stages. It is economically easier and more expedient from the point of view of the gradual moving of our clients. Now we are actively working on the issue of buying a land parcel for the construction site – after settling this issue it would be possible to talk about the loan in details,” he said in an interview with Interfax-Ukraine.
Shevchenko said that the company is also negotiating with the European Bank for Reconstuction and Development (EBRD) on project financing.
According to him, at present the cost of building a class A warehouse in Ukraine costs about $500 per square meter, while the average purchase price of the finished warehouse after the crisis has not changed and now is $300-350 per square meter.
“But at the same time everything that is offered on the market is more than 10 years old and requires renovation. If the owner of the facility is a developer, then he still cares for it, but if it is a bank, then in the warehouse was repaired two or three years ago. Therefore, it is often necessary to add about $200 per square meter for renovation to the selling price, which results in the same $400-500 per square meter. Besides, you invest them in the old building,” he said.
The ZAMMLER Group incorporates Zammler Ukraine (Kyiv), Zammler Warehouse LLC (Martusivka, Kyiv region), Zammler Fulfilment LLC (Krasylivka, Kyiv region), MLS LLC (Kharkiv), Ningbo Zammler Trading Co LTD (China) and ZAMMLER POLSKA Sp.z o.o. (Poland).
The group provides services in the sphere of transportation by road, by rail, by sea and by air, customs clearance services and a full range of warehouse services.

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PIG BREEDING COMPANY WITH 100% DANISH CAPITAL TO BUILD MEAT PROCESSING PLANT IN UKRAINE

The pig breeding company with 100% with Danish capital Goodvalley Ukraine (Ivano-Frankivsk region) plans to build a meat processing plant on the territory of Viktorivka rural council in Halych district of Ivano-Frankivsk region. According to the Halych District Administration, the memorandum of understanding was signed by the district administration, district council, town council and Goodvalley Ukraine LLC on May 4, 2018.
The discussion about the site for locating this production facility was held for the past several years.
“Several districts of Ivano-Frankivsk region competed for this investment: the choice of the location of the future production complex is linked to the fact that there are pig-breeding complexes of the company, fields for growing raw materials in Halych district, and a biogas plant is being built in the village of Tustan,” the district administration said.
As reported, Danosha from March 16, 2018 was renamed Goodvalley Ukraine.

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KYIV’S NEW WAY MALL OWNER TO BUILD NEW MALL BY Q3 2019

Budecoservice LLC (Kyiv), the owner of the New Way shopping center located at 1, Verbytskoho Street in Kyiv plans to build a new shopping mall in the Troyeschyna district on the site where the Sirius shopping center at 21, Draisera Street is located now before the third quarter of 2019. An Interfax-Ukraine correspondent has reported that the project of the New Ray shopping center is presented at the Retail&Development Business Expo 2018 held in Kyiv on March 29 through March 30.
According to the project gross building area (GBA) will be 41,500 square meters, and gross lettable area (GLA) will be 34,500 square meters. The center will have five levels, including a cinema with six screens, an entertainment zone and a supermarket. The company told Interfax-Ukraine that soon the reconstruction of the building of the Sirius shopping center will start.
The new shopping center will have a parking area for 500 cars. The company is holding talks with potential leasers of the New Ray center.

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NORWAY’S SCATEC SOLAR PLANS TO BUILD 25 MW SOLAR POWER PLANT IN UKRAINE, CHERKASY REGION

Norway’s Scatec Solar seeks to build a solar power plant with the installed capacity of 25 MW in Kamianka (Cherkasy region), the press service of the Cherkasy Regional Administration has reported. Scatec Solar has built solar power plants with a total capacity of 322 MW in different countries. The company is in the process of building plants with the capacity of 434 MW. Scatec Solar operates in the Czech Republic, South Africa, Ruanda, Honduras and Jordan.

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