Business news from Ukraine

LVIV IT CLUSTER LAUNCHES PROJECT TO BUILD IT VILLAGE

Lviv IT Cluster, an association of IT companies, is launching a project to build an IT Village housing estate, designed for 133 private homes for IT specialists, IT Cluster’s press service has reported. “IT Village will become a new town for IT professionals and a community of people with common interests. The complex with a total area of 17 hectares will consist of 133 separate houses in the village of Nahoriany in Pustomyty district, 9 km from Lviv,” the report said.
Construction will start in August-September 2018, the whole project is to be completed in 2-2.5 years.
The project is non-commercial and offers IT professionals houses with an area of 140 square meters to 350 square meters and a cost from $89,700 to $276,500. Additional infrastructure of the town includes a common recreation area, a sports field for children, a private park, a kindergarten and a supermarket.
The general contractor of IT Village is Lvivbud construction company, which previously participated in the IT House project.
As reported, Lviv IT Cluster plans to build Innovation District IT Park between the streets Stryiska, Chmoly, Luhanska and Kozelnytska in Lviv. The project provides for six eight-storey office buildings and two business centers, as well as a hotel, a kindergarten, a university, a fitness complex and a parking lot for 3,167 cars. The total area of the site is 10 hectares, the area of offices is 82,300 square meters, the area of the retail and service area is 12,900 square meters.

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HIGH-SPEED RAIL TRAFFIC TO 250 KM/H BETWEEN KYIV, ODESA AND LVIV WILL COST $16 BLN

PJSC Ukrzaliznytsia estimates the cost of implementing high-speed rail service of up to 250 km/h between Kyiv, Odesa and Lviv via Vinnytsia at $16 billion, the director for strategic development and investment policy at Ukrzaliznytsia, Anton Sabolevsky, has told Interfax-Ukraine. “Within the framework of the working group on the introduction of high-speed rail traffic, we estimated how much the construction of infrastructure for organization of high-speed communication between Kyiv, Odesa and Lviv via Vinnytsia could cost in principle. To build this infrastructure, about $16 billion is needed, taking into account the acquisition of appropriate rolling stock, its service centers and management,” he said.
At the same time, he noted Ukrzaliznytsia has not calculated the cost of high-speed communication between all the regional centers of Ukraine, since the implementation of such a project goes beyond the long-term planning and can be carried out exclusively in stages.
According to him, the work on implementing the infrastructure project for organization of high-speed rail service along the Kyiv-Kharkiv route could take at least ten years.

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LVIV HOSTES THE SPRING BUSINESS FORUM. TOPIC OF THIS YEAR’S FORUM IS “SUPPORT POINT”

The Spring Business Forum 2018 event gathered more than two hundred professionals, representatives of state-owned enterprises, banking and business circles. For entrepreneurs, the forum is also a good opportunity to talk about cooperation and business development in an informal atmosphere and meet peers. The forum was opened by Lviv Mayor Andriy Sadovyi, who talked about business confidence and cooperation with the authorities. “The basis of any entrepreneurial activity is trust. If it is, then there is development. If it is not, then there is trouble. Therefore, this trust can be built up only when there is communication, when there is an exchange of ideas.”
An interesting statement was made by Country Director of the European Bank for Reconstruction and Development for Ukraine Sevki Acuner, who noted the importance of attracting investment. “There is one challenge that we can handle. This is an investment. Foreign or domestic. To do this, we must make products more innovative, look for new approaches and compare our products with those on the global market.”
A success story of a Ukrainian investor was told by Vitaliy Melnyk, the Chief Executive Officer of UDP, a company with a huge number of implemented projects in Kyiv, which launched the LvivTech.City project in Lviv last year. The project is aimed at the development of an innovative ecosystem in Lviv, which includes the construction of modern office space, social and residential infrastructure. The construction is now under way along with talks with potential residents regarding the location of their facilities.

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BORYSPIL AND LVIV AIRPORTS SIGN CONTRACTS WITH IRELAND’S RYANAIR

Boryspil (Kyiv) and Lviv international airports have signed agreements on the start of flights to Ukraine with Ireland’s low cost airline Ryanair. An Interfax-Ukraine correspondent has reported that Ryanair CEO Michael O’Leary signed the agreements with Director General of the Boryspil airport Pavlo Riabikin and Director General of Lviv airport Tetiana Romanovska on Friday at the Boryspil airport in the presence of Ukrainian President Petro Poroshenko.
The airline has started selling tickets for Ukrainian flights in its booking system.
Poroshenko said that Ryanair will start flying in October 2018 and will launch flights to 10 destinations from Kyiv and five from Lviv.
The Ukrainian president said that the arrival of the airline to Ukraine is the seal of quality of investment climate. He said that the tickets for Ukrainians will be cheaper than EUR 40 and the airline seeks to carry 1 million Ukrainians in the first year of its operation.

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