Business news from Ukraine

NATIONAL UNIVERSITY KYIV-MOHYLA ACADEMY PLANS TO CREATE TECHNOLOGY PARK WITH COWORKING SPACE FOR UAH 50 MLN

National University Kyiv-Mohyla Academy (NaUKMA) together with Bureau of Investment Programs (BIP) NGO are planning to create a technology park in an educational building located at 2/4, Glazunov Street for UAH 50 million with the participation of an investor. “According to our preliminary estimates, about UAH 50 million of investment is required to restore the building and infrastructure for a modern technology park. After restoration, the territory can accommodate about 40 resident companies and coworking spaces for students,” Director of BIP Oleksandr Bondarenko said.
The project will allow the university to earn money, as well as employ students, create IT products, and entrepreneurs will be able to gain access to a scientific base and innovative products and services.
The return on investment in such a project is seven of eight years due to rental payments from residents and additional services provided by the technology park’s management team, Bondarenko said.
To create a technology park, it is planned to use the educational building located at 2/4, Glazunov Street with an area of 1,700 square meters. However, alternative premises are also being considered.
The project participants signed a partnership memorandum for the development of the technology park.
“Next steps are project evaluation, concept development, and search for investors,” NaUKMA said in the press release.
The Bureau of Investment Programs (BIP) is a non-governmental organization that unites public partnerships and private investors for the construction of infrastructure facilities, attracting investment and creating a safe environment for investors in the Ukrainian market.

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GEORGE WASHINGTON UNIVERSITY TO HELP UKRAINE ATTRACT EXTERNAL GRANTS FOR REFORM IN LAND RECLAMATION INDUSTRY

Experts from the US George Washington University will help Ukraine attract external research grants for the implementation of irrigation reform, conduct educational programs through the exchange of specialists and provide the country with technical assistance, the Ministry of Agrarian Policy and Food said on its website on Thursday.
According to it, the relevant agreements were reached during a meeting between Minister of Agricultural Policy Roman Leshchenko and the staff of the George Washington University, which took place in early September.
The parties at the meeting discussed a partnership in which the institution will help Ukraine find external research grants for irrigation reform. The university also intends to conduct educational programs through the exchange of specialists with Ukraine and provide it with technical assistance.
“We need new technologies to change our environmental philosophy, because Ukraine can lose a lot of fertile land without a high level of water management,” the press service of the Ministry of Agrarian Policy quoted Leshchenko as saying.
The minister specified that Ukraine creates conditions for attracting foreign investment and developing public-private partnerships in land relations. According to him, after the opening of the land market on July 1, Ukraine intends to form a legal basis for the activities of the organization of water users and the creation of mechanisms for attracting investments in the construction of a new reclamation infrastructure and the functioning of the existing one.
As reported, the United States may provide Ukraine with a credit line totaling $4 billion for the period 2022-2030 to modernize irrigation infrastructure. The investment project was proposed to the American partners by President Volodymyr Zelensky for consideration during his working trip to the United States last week.
In April 2021, the Cabinet of Ministers called for the restoration of irrigation systems for agricultural lands in the southern regions of the country by the end of this year.
The restoration of the reclamation industry has become a national project until 2024. In 2021, the Ministry of Agrarian Policy launches a pilot project to restore irrigation systems in Odesa, Kherson, Mykolaiv and Zaporizhia regions.

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STUDENTS OF INTERNATIONAL EUROPEAN UNIVERSITY CONDUCTED A SOCIAL EXPERIMENT: WHO WILL HELP FOREIGNERS IN UKRAINE

Karina Avramenko, one of the video authors, a student and deputy president of the Student Parliament of International European University, said that she decided to carry out the experiment after seeing a sticky situation. Coming home after classes, she saw how a foreign student asked pedestrians for money to get to a place of residence because his purse was stolen. It triggered her to initiate the shooting of a social video in order to raise a topic of good deeds, as it is, unfortunately, quite a rare phenomenon nowadays.
“Since childhood, parents have been teaching me to help others and not to leave someone to their fate. I always follow their advice and can’t ignore similar situations. Therefore, I try to help people facing difficulties if I have such a possibility,” Karina Avramenko states.
The video shows Geneva, a student from Nigeria, near the metro station, who addresses pedestrians asking for money for a trip because somebody has stolen his bag with all his stuff, including a purse, and he needs to get to the hotel where he lives. Geneva, without knowing the language, talked to passersby in English and asked them to help.
Thus, students of International European University appeal to other people not to ignore individuals who, in certain circumstances, are in trouble and become more kind. No one knows what you will face tomorrow.
The International European University was founded in Kyiv in 2019. The university has its own educational building at 16a Mahnitohorska Street in Kyiv. Ukraine and Austria are its co-founders.
The university specializes in teaching foreign students and Ukrainians, studying in scientific and educational institutions in seven areas: business schools, architectural and engineering, language, medical, IT, law and art schools.

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EUROPEAN INVESTMENT BANK TO GIVE EUR 49 MLN LOAN FOR ENERGY-EFFICIENT MODERNIZATION OF UNIVERSITIES

The European Investment Bank (EIB) has provided EUR 49 million investments to carry out a comprehensive energy-efficient modernisation of the majority of their buildings of six Ukrainian universities under the Ukraine Higher Education project and they will also receive the E5P grant in the amount of EUR 10 million.
“Six Ukrainian universities will carry out a comprehensive energy-efficient modernisation of the majority of their buildings with the support of EUR 49 million investments of the European Investment Bank (EIB) and the E5P grant in the amount of EUR 10 million,” the EIB and the Ministry of Education of Ukraine said in a press release on Tuesday.
Chernihiv Polytechnic National University, Lviv Polytechnic National University, National Technical University Kharkiv Polytechnic Institute, National University Yuri Kondratiuk Poltava Polytechnic, Sumy State University and Vinnytsia National Technical University actively participate in the Phase I of the Ukraine Higher Education Project to improve their teaching and research facilities and dormitories.
“They will soon be joined by eight more higher education establishments, which were selected on a competitive basis to take part in the Phase II of the Project,” the bank and the ministry said in the press release.
The implementation of thermal modernisation works at the Phase I universities is expected to start in the fall of 2022.
The EIB is investing EUR 120 million in a comprehensive thermal refurbishment of six Ukrainian universities in the framework of the Ukraine Higher Education Project, which is an integral part of the joint EIB and EU support provided to Ukraine in the field of energy efficiency. The project is also co-financed by the Nordic Environment Finance Corporation (Nefco) in the amount of EUR 30 million.

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850 FOREIGN STUDENTS FROM MORE THAN 40 COUNTRIES STUDY AT INTERNATIONAL EUROPEAN UNIVERSITY FROM KIEV

Investments in the project for the creation and development of the International European University have exceeded $3 million, founder and vice-rector for scientific, pedagogical work and international relations of the university Alla Navolokina told the Interfax-Ukraine agency after a press conference at the agency on Thursday.

“Today, 850 foreign students from more than 40 countries of the world study at our university. We have already invested over $ 3 million. As part of the implementation of European education standards, students can choose freely more than 25% of subjects, not only in their professional field. Each student can choose from among seven faculties the directions that appeal to him. Even a medical student can study IT, design, or music. Even if only one student from the batch chooses a subject, we fully ensure its study. This is the uniqueness of our university,” Navolokina said.

Navolokina stressed that the university is creating a unique system of teaching a person throughout his life – from 3 to 93 years. We have created a university of a new formation, the main principles of which are equality and student-centrism.

“The International European University seeks to bring Ukrainian education to a new quality level,” Anatoliy Tolstoukhov, Doctor of Philosophy, Academician of the Academy of Pedagogical Sciences of Ukraine, Chairman of the Development Assistance Council of the International European University, said at a press conference at Interfax-Ukraine.

“Today, the process of consolidation of universities has begun in the world: along with schools, there will be much less of them. The specificity of our university is that at least two-thirds of students must be representatives of other countries. This means that we take responsibility for the presentation of Ukraine to the whole world, on the other hand, such a scheme allows us to enrich ourselves with the experience of world education in Ukraine,” Tolstoukhov said.

The most important thing, according to Navolokina, is that students and instructors should feel at the university like at home. For this, we have created an innovative system for a student to choose his own individual educational trajectory. The vice-rector also noted that all instructors, students and junior staff at the university communicate fluently in English, which makes it possible to create a comfortable language environment in the learning process.

The International European University was founded in Kyiv in 2019. The university has its own educational building at 16a Mahnitohorska Street in Kyiv. Ukraine and Austria are its co-founders.

The university specializes in teaching foreign students and Ukrainians, studying in scientific and educational institutions in seven areas: business schools, architectural and engineering, language, medical, IT, law and art schools.

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