Business news from Ukraine

NEW INDUSTRIAL PARKS WILL BE REGISTERED IN DNIPROPETROVSK REGION OF UKRAINE

Two new industrial parks are to be opened in Dnipropetrovsk region, Head of Dnipropetrovsk Regional Administration Oleksandr Bondarenko has told the Interfax-Ukraine agency.
“We have three potential sites. Preliminary agreements have already been reached upon one of them. There is an estimate of the cost of lacking utilities and a fully developed algorithm for opening and registering an industrial park. We know what type of business to invite to enter these sites. There is a list of 15-20 companies that are interested in launching production processes,” Bondarenko said.
A managing company will be identified in the near future, ensuring the project launch and ongoing management.
According to the head of the regional state administration, the technological cluster previously opened in Pavlohrad (Dnipropetrovsk region) has not yet been filled with production facilities, hence it is difficult to attract business to the park.
“When visited, it turned out that there were no proper utilities. It is difficult to attract business to launch production in the technological park, which is not connected to water, electricity, and sanitation services. The platform should be ready to host the business. It is one of the key functions of the technological park,” Bondarenko said.
He added that now the relevant parliamentary committee is considering a draft law providing for the increase of tax preferences for technological parks, in particular, the abolition of VAT and duties on import of raw materials and equipment into the territory of the industrial park, as well as profit tax for five years.
“Hopefully, in the fall, it [the draft law] will enter the session hall and will be adopted. Industrial parks are growth points for the economy. Their launch and the reconstruction of the airport, so that it would be possible to accept even the largest passenger planes, will bring the economy of the region to a fundamentally new level,” Bondarenko added.

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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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