Business news from Ukraine

ECONOMY MINISTRY STARTS CONTEST OF MICRO PROJECTS FOR EUR 20,000-60,000

Ukraine’s Economic Development and Trade Ministry has announced the start of a second contest of micro projects of non-profitable organizations concerning popularization of local culture, history and natural inheritance in Lviv, Volyn, Zakarpattia, Rivne, Ternopil and Ivano-Frankivsk regions. According to a posting on the ministry’s website, EUR 5.2 million has been provided from the budget of the Poland-Belarus-Ukraine border cooperation program for 2014-2020. The sum of a grant for a project could be from EUR 20,000 to EUR 60,000.
The ministry said that the grant will be provided for cultural, creative and educational events, experience exchange events, preservation of historical and natural inheritance of the border areas and development of local communities.
Bids can be submitted until October 31, 2018. The projects will be selected in June 2019.

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ECONOMY MINISTRY WANTS TO START PRIVATIZATION OF LARGE COMPANIES FROM SELLING ENERGY COMPANY CENTRENERGO

The Economic Development and Trade Ministry of Ukraine plans to start privatization of large state-owned enterprises (SOE) from the sale of Centrenergo, First Deputy Minister Maksym Nefyodov has said. “Centrenergo could be the first test case, and other facilities would follow it,” he said at a roundtable entitled “Ukraine on the Way of Privatization” in Kyiv on Wednesday.
Acting Head of the State Property Fund of Ukraine (SPF) Vitaliy Trubarov said that after Centrenergo, it is likely that other power supply companies would be privatized. He also said that the start of the privatization of large companies is planned for this autumn.

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