Business news from Ukraine

JAPANESE COMPANY OPENS R & D CENTER IN UKRAINE

Japan’s Rakuten, owning the Viber messenger, is expanding its presence in Ukraine, according to a posting on the website of the Ministry of Digital Transformation of Ukraine after a meeting of Deputy Ministers of Digital Transformation Oleksandr Borniakov and Valeria Ionan with Executive Vice-President of Rakuten Yasufumi Hirai and Viber Chief Operating Officer (COO) Ofir Eyal.
According to the report, Rakuten is opening a R & D center in Kyiv and developing the existing office in Odesa.
“The event was a continuation of negotiations between President of Ukraine Volodymyr Zelensky and the founder of Rakuten, Hiroshi Mikitani, which took place in June 2019. Then, Mikitani appraised the State in a Smartphone initiative and expressed his readiness to increase his investment activity in Ukraine,” the Ministry of Digital Transformation said.
Rakuten is a Japanese e-commerce company. In 2014, Rakuten acquired Viber for $900 million.

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JAPANESE COMPANY LAUNCHES SILO IN KYIV REGION, INVESTMENTS TOTALES UAH 60 MLN

Kivshovavta Agro LLC (Kyiv region) belonged to Japan’s Kivshovavta is launching a silo with a storage capacity of 16,000 tonnes in the village of Kivshovata, Kyiv region, the company’s press service has reported. The press service said that with the launch of the silo the storage facilities of the company will be around 30,000 tonnes. Investment in the first and second stages of the silo totaled some UAH 60 million, and over UAH 100 million were sent to buy grain from other producers.
“The first stage of the silo was completed before 2017. In the past year it was reconstructed and expanded,” the company said.
Kivshovavta Agro seeks to boost land bank four times in coming five years, to 10,000 ha and build one more silo. Kivshovavta Agro LLC was founded in 2009. Its owner – SDGs Corporation – bought the company in Q4 2016. Kivshovavta Agro is the only enterprise of SDGs Corporation in Ukraine. The company plants wheat, sunflower, corn, soybeans. Its land bank is 2,500 ha.

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