Business news from Ukraine

UKRAINE PROPOSED TO ESTABLISH RECOVERY OFFICES IN PARTNER COUNTRIES WITH HEAD OFFICE IN KYIV

Ukraine proposes to create recovery offices in partner countries with a head office in Kyiv, Prime Minister Denys Shmygal said.
“The key principle that the President of Ukraine proposed when considering a future recovery plan is the principle of regional responsibility of our partners for the regions, cities in Ukraine. There are already some countries that have chosen recovery priorities for themselves. We urge others to join the process,” Shmygalya quoted press service of the government on the results of a video conference with the ambassadors of the Great Semka (G7), Switzerland and heads of international organizations.
The prime minister noted that, in addition to the regional approach, a parametric approach to the country’s restoration will be considered.
Among other things, the key principles of the recovery plan, according to him, should be the principle of security, the rule of law, transparency, fair transformation, green recovery, digitalization, inclusiveness, barrier-free, favorable investment climate, business development in Ukraine.
“The restoration of Ukraine is a process that requires a lot of effort. Not only financial, but also the efforts of many companies. Therefore, we expect large projects in the field of public-private partnership. We expect that foreign companies will come to Ukraine, create jobs here and pay taxes. We will offer the best conditions for companies to stay and continue their work in Ukraine even after the resumption,” Shmyhal stressed.
The prime minister noted that the key source of renewal of Ukraine should be the confiscated assets of Russia and Russian oligarchs.
“In addition, it can be preferential loans from partners, international financial organizations, banks. Another source, according to him, can be grant support and individual contributions. For this, the United24 platform was created,” the message says.
In addition, according to Shmyhal, Ukraine proposes to create recovery offices in partner countries with a head office in Kyiv.

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VALMI INVEST BUYS DELTA BANK’S HEAD OFFICE FOR UAH 66.6 MLN

The Deposit Guarantee Fund sold the head office of insolvent Delta Bank in Kyiv to Valmi Invest LLC for UAH 66.65 million.
According to the results of auctions posted in the ProZorro.Sale system, the auctions was held according to the Dutch model with a lower price. The initial price of the office was UAH 156.27 million, the guarantee payment was 10%.
Five more companies participated in the auction apart from Valmi Invest, three of them placed their stakes.
Delta Bank’s office in Kyiv has an area of 3,883 square meters and is located on the first through fourth floors of the multi-storey building at 38 Druzhby Narodiv Boulevard near the subway. It is equipped with office furniture and equipment.

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