Business news from Ukraine


The Cabinet of Ministers has approved a draft agreement on the European Union’s providing technical assistance to Ukraine in the amount EUR 54 million to finance the EE4U-II energy efficiency support program, and also approved draft agreements on two other programs. According to the Ministry of Economic Development and Trade, the Cabinet of Ministers also approved a draft agreement on financing the “Program of Expanding Contacts between People: the House of Europe” between Ukraine and the European Commission with a budget of EUR18 million for eight years.
The aim of the program is to attract technical assistance from the EU to establish contacts, professional relations, cultural exchange between citizens of the EU and Ukraine.
In particular, the matter concerns organizing short-term professional internships in EU countries, supporting the House of Europe information center, expanding opportunities for Ukraine to participate in the Erasmus+ program.
In addition, the program assumes reimbursement of half the amount of Ukraine’s contributions to the Creative Europe program for 2018-2020.
In addition, the government approved a draft agreement on financing the technical cooperation program for 2018 with the budget of EUR 37 million to support the implementation of the Association Agreement on the deep and comprehensive free trade area, the Ministry of Economic Development and Trade reports.

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Some 66 enterprises have been selected to participate in the Energy Efficiency Project of GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH) and Economic Development and Trade Ministry of Ukraine. “A total of 66 enterprises have already been selected, which will receive technical support to identify and implement pilot energy efficiency projects,” First Deputy Economic Development and Trade Minister Maksym Nefyodov wrote.
According to him, among them 19 enterprises of the baking industry, 15 – from the dairy sector, 19 – machine building, as well as 11 enterprises for the production of nonmetallic building materials and two enterprises from other industries.
The list includes, among others, Kyivkhlib, Kyivsky BKK, Kupiansk Canned Milk Factory, Kaniv branch of the Cheese Club, Starokostiantynivsky Dairy Plant, Zhytomyr Butter Plant, EthnoProduct, JV Vitmark-Ukraine, Galca Ltd, Dnipropolymermash, Corum Druzhkivka Machine-Building Plant, Kharkiv Machine-Building Plant FED, IC Pozhmashina, Umanfermmash and OLIS.
In addition, the Kharkiv Tile Factory, Kerameya, the Kyiv Combine of the Construction Industry, the two branches of the SBK, the Tavriya Construction Company, the Temp Plant and the Zhytomyr Roofing and Insulating Materials Plant were selected.
Chairman of the State Agency for Energy Efficiency and Energy Saving Serhiy Savchuk said, commenting on the project on the agency’s website, that as part of the implementation of the Energy Efficiency Directive 2012/27/EU, one of the articles of which foreseen energy efficiency audit for large enterprises once in four years or the switch to the energy efficiency management, a bill on energy efficiency has been drawn up.
According to a posting on the website of GIZ, the project to advice enterprises in the energy efficiency sphere was started in 2017 and will last until 2021. GIZ said that the energy efficiency potential, especially for small- and medium-sized enterprises, is 30-50%.

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Ukraine has started issuing energy efficiency certificates for building with defining the class of energy efficiency after an audit, the press service of the Regional Development, Construction, Housing and Utilities Economy Ministry of Ukraine has reported. “The certificate is a necessary tool for the operation of homeowner associations and the Energy Efficiency Fund,” Regional Development, Construction, Housing and Utilities Economy Minister Hennadiy Zubko said.
According to the press service, the energy efficiency certificate allows assessing the energy efficiency of a building and the effect of the implemented measures, and also contains recommendations on the next steps.
“Today [on September 11] we launch the energy auditors market. We have already signed a memorandum with 21 universities to create commissions for the certification of energy auditors. The second important area for us is to launch jointly with the Ministry of Education the “energy auditor” program of study in higher educational institutions. There is an agreement with [Germany’s] GIZ on conducting additional trainings for certified energy auditors not only in Ukraine, but also abroad,” Zubko added.
He also said that the ministry is waiting for the adoption of the energy efficiency bill that will create tools and regulations for more efficient energy consumption, not only in the private sector, but also in industry, aiming to reduce energy consumption in the transport and energy sectors.

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The State Agency for Energy Efficiency and Energy Saving of Ukraine seeks to launch the “green” bonds market in Ukraine in two years to attract financing to energy efficiency projects, Agency Head Serhiy Savchuk has said.
“Today, the market of green bonds is developing rapidly in the world. Ukraine lacks the legislation. There is “appetite” of Ukrainian and foreign investors to buy bonds. The main thing is that the principles and procedures of the “green” bonds market comply with international standards. We will implement them in our legislation. We will start the development of the “green” bond market. I think it will take two years,” Savchuk said at a press conference on Thursday.
According to him, the relevant changes are contained in the bill on the capital market and regulated markets, developed by the agency in cooperation with the National Commission for Securities and the Stock Market.
Savchuk recalled that the “green” bonds are a debt financial instrument, the proceeds from the sale of which are used to finance “green” projects.
According to the head of the energy efficiency agency, “green” bonds can be issued by corporations, international banks, the state or municipalities.

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The State Agency on Energy Efficiency and Energy Saving of Ukraine and the Ministry of Energy and Industry of the United Arab Emirates (UAE) have signed a memorandum of understanding on energy efficiency and renewable energy. “By cooperating, we will exchange experience and promote the implementation of joint investment projects in the field of energy efficiency, clean energy and garbage processing,” the press service of the Ukrainian agency on Saturday quoted its head, Serhiy Savchuk, as saying.
The State Agency on Energy Efficiency and Energy Saving of Ukraine says that the UAE is one of the most developed countries of the Persian Gulf, which has set the task to achieve at least 44% of “clean” energy in the country’s overall energy balance by 2050.
In addition, the International Renewable Energy Agency (IRENA) whose charter Ukraine has joined is located in Abu Dhabi, the capital of the UAE. What is more, the world’s largest solar park is being built near Dubai. Its projected capacity by 2020 is 1 GW, and 5 GW by 2050.

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Apartment building co-owners associations are demonstrating a growing interest in energy efficiency measures in 2018 compared to last year, as evidenced by the results of June, the State Agency for Energy Efficiency and Energy Saving has said. “More than 300 apartment building co-owners associations raised UAH 90 mln in energy efficiency loans this June, which is five times [or 80%] higher than last June. Around 90 associations received UAH 18.5 mln in energy efficiency loans then,” the state agency’s press service reported on July 8, 2018.
The agency also said that the monitoring of the program implementation has shown homeowner associations’ greater interest in getting energy efficiency loans as well as their growing trust and confidence in the mechanism of co-financing energy efficiency measures.
Some 930 homeowner associations raised UAH 260 mln in energy efficiency loans over two and a half months in 2018, which is almost twice as much as UAH 140 mln – the sum of money they received for heat insulation projects throughout 2017.
“The apartment building co-owners associations should continue preparations for the next heating season and insulate their houses with the help of energy efficiency loans,” Chairman of the State Agency for Energy Efficiency Serhiy Savchuk said and added that benefits of the loan program included the opportunities to save the costs of energy efficiency measures, reduce utility bills and increase the value of apartments in modernized buildings.