Business news from Ukraine


At a meeting on Thursday, July 30, Head of the President’s Office Andriy Yermak said that, on behalf of President Volodymyr Zelensky, the President’s Office, together with the National Olympic Committee, work on the issue of the IOC head’s arrival in Ukraine, and believes that this would be a good opportunity to show the country’s preparation to become one of participants of competition to host the Olympic Games.
“Minister of Youth and Sports Vadym Gutsait reported that NOC President Serhiy Bubka is working on the issue of Ukraine’s participation in the competition for the Olympic Games in 2028 or 2030. He also said that as a former participant in the Olympic Games he supports the implementation of the project, which will give a significant impetus for the development of mass sports and sports of the highest achievements, in particular its winter sports,” the press service of the President’s Office said on Thursday, July 30.
The meeting participants discussed a project to create in Ukraine a high-mountain all-season sports and tourist cluster “Borzhava”. It was presented by Gernot Leitner, a representative of Austrian ski industry, a long-term participant in the preparation of Summer and Winter Olympic Games, the beneficial owner of Borzhava Asset.
He said that the coronavirus pandemic in the world has created such conditions when each state undertakes to develop domestic resources. In his opinion, Ukraine has unique resources and nature, and the location of the future cluster – mountainous Borzhava with its location and transport links will contribute to the development of tourism potential of the entire region.
Leitner hopes that this meeting will become a key one for the development of the project, the signing of a memorandum, which sets out all the steps that must be taken by the state, communities and investors, and its implementation.
“The sooner you are ready to submit a detailed project, deadlines, estimates to the president – the better. We are ready to assist at all levels. As soon as these two stages are passed, after processing the memorandum by lawyers, we will be ready to sign it,” Yermak said.
The position of good prospects for Ukraine from the implementation of the project was supported by the Minister of Economic Development, Trade and Agriculture Ihor Petrashko, the Minister of Environmental Protection and Natural Resources Roman Abramovsky. Petrashko said that the mechanisms of public-private partnership and “investment nanny” can be used for this. In turn, Abramovsky stressed the importance of preserving natural environment in the place of the cluster.



Ukrainian President Volodymyr Zelensky has held a phone conversation with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva to inform her about his plans to nominate a candidate for governor of the National Bank of Ukraine (NBU) by the end of the week.
“Informed Kristalina Georgieva that by the end of the week I will have a new candidate for Head of the NBU for Parliament’s approval. It will be an independent technocrat, who will continue the Bank’s independent course. I make all my decisions only in the interests of the Ukrainian people,” the head of state said on Twitter on Tuesday.

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Ukraine’s President Volodymyr Zelensky has signed a decree appointing Aivaras Abromavicius director general of the Ukroboronprom state concern, according to a document posted on the presidential site. “Aivaras Abromavicius is appointed general director of the state concern Ukroboronprom,” according to decree No. 641/2019 published on the Ukrainian presidential website on Friday evening.
Before that, the Ukrainian president issued decree No. 640/2019 relieving Pavlo Bukin of his duties as head of Ukroboronprom.
Abromavicius was Ukraine’s economy minister between December 2014 and April 2016.

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The supervisory board of the Energy Efficiency Fund has elected Andrzej Rajkiewicz its head, the press service of Deputy Prime Minister, Regional Development, Construction, Housing and Utilities Economy Minister of Ukraine Hennadiy Zubko has reported.
“Rajkiewicz was elected head of the supervisory board of the Energy Efficiency Fund – a person who has extensive experience in energy efficiency in Poland and other European countries. This decision was made at the first meeting of the fund’s supervisory board on December 17,” Zubko said.
According to him, the meeting also approved the rules of procedure for the meetings of the supervisory board, determined the procedure for selecting members of the directorate and the head of the internal audit unit, approved the action plan for 2018 and the first quarter of 2019. In addition, the announcement of the tender to select management is expected.
As reported, four members of the fund’s supervisory board have already been selected, the last one is expected to be defined – a representative from the European Union.
The Cabinet of Ministers of Ukraine selected its representatives in the supervisory board of the Energy Efficiency Fund: Deputy Finance Minister Yuriy Heletei and Director of the life-support systems economy department of the Regional Development, Construction, Housing and Utilities Economy Ministry Natalia Khotsianovska.
Winners of the tender to select independent members of the supervisory board of the Energy Efficiency Fund are Andrzej Rajkiewicz Миралинкс (Poland) and Yulia Sabatiuk (Ukraine).
Two representatives from the government, one representative from international donors and two independent representatives will be members of the supervisory board of the Energy Efficiency Fund. They are elected for five years.

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