Business news from Ukraine

EBRD WILL ISSUE EUR 50 MLN FOR ROAD RECONSTRUCTION IN DNIPROPETROVSK REGION

The European Bank for Reconstruction and Development (EBRD) will finance the reconstruction of the Dnipro-Mariupol and Dnipro-Kotovka roads in Dnipropetrovsk region, EBRD Senior Adviser for External Affairs Anton Usov said on his Facebook page. “The head of Dnipropetrovsk region, Oleksandr Bondarenko, and the EBRD Deputy Director in Ukraine, Mark Magaletsky, have signed an agreement to begin preparing a project for the reconstruction of roads in the region. The project cost is estimated at EUR 50 million,” he said.Procurement of goods and services for this project will be carried out in strict accordance with the rules of the EBRD after approval by the board of directors of the bank and signing the corresponding agreement.Usov said that work in this direction was launched in October 2019 in the context of the Re-Think investment forum, which was held in Mariupol (Donetsk region).

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DNIPROPETROVSK REGION GETS ONE MORE SOLAR PLANT

The National Commission for the State Regulation of Energy, Housing and Utilities Services (NCER) has established feed-in tariffs for Solar Kvant Energy LLC (Dnipropetrovsk region), which operates a solar power plant with a capacity of 9.96 MW, commissioned in March 2019. The NCER made the decision at a meeting on April 9. The tariff of 15.03 euro cents per kWh will be valid until the beginning of 2030.
The core business of Solar Kvant Energy LLC is non-specialized wholesale. The final beneficial owners as of the end of March were Yan Valetov and Oleksandr Sukhodolsky. Valetov is a famous Ukrainian science fiction writer, published under the pseudonym Borys Bitner. Sukhodolsky is the co-owner of one of the largest pharmaceutical distributors BaDM LLC (Dnipropetrovsk).

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CITY OF KYIV WITH KYIV REGION, DNIPROPETROVSK, KHARKIV AND ODESA AMOUNT TO 51% OF TOTAL TRADE TURNOVER IN UKRAINE

Ukraine’s retail trade in January-June 2018 increased by 6.2%.
Four regions (City of Kyiv with Kyiv region, Dnipropetrovsk region, Kharkiv region and Odesa region) amount to 51% of total trade turnover.
Luhansk and Ternopil are on the last places.
In June 2018 alone, retail trade decreased by 0.8% compared to May 2018, but it grew by 6.3% compared to June 2017.

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