Business news from Ukraine

SMALL AND MEDIUM-SIZED BUSINESS SCHOOL LAUNCHES SECOND ENROLMENT FOR STUDYING IN CHERKASY

Small and Medium-Sized Business School will launch the second enrolment for studying in Cherkasy. This is a joint project of Cherkasy Regional State Administration, the Regional Development Agency of Cherkasy region and K.Fund of Vasyl Khmelnytsky.
Entrepreneurs from various fields of business will take an intensive nine-day training course in the main areas of organization and doing business. After that, within three weeks students must prepare and defend their business plans.
More information about the tutors and the program is on https://goo.gl/DFJLnC
Registration reference: Application – 2 Small and Medium-Sized Business School Cherkasy

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BUSINESSMAN KHMELNYTSKY SEEKS TO ASSEMBLE CHINESE TRACTORS IN UKRAINE

Businessman Vasyl Khmelnytsky plans to create a Ukrainian-Chinese enterprise to assemble tractors.
“A small contract has been signed – for $4 million. We expect that next year there will be $20 million,” the businessman said in a video shot on his Facebook page.
Khmelnytsky said that China expressed their interest in cooperation with Ukraine.
He also said that the readiness of the Chinese business to partially localize production in Ukraine is a big advantage.
“If China wants to produce something in our country, then this is, of course, good… This is definitely a step to economic growth… They say: we will partially supply products to you, if we see that the market is big and there is demand, we are ready to partially produce these goods in Ukraine,” the businessman said.
Khmelnytsky said that at present it is a question of semi knocked down (SKD) assembly. “Subsequently, the share will grow and may well reach 100%. In Ukraine, there is an annual demand for 20,000 tractors. Producing 1,000 tractors a year is interesting for sure, and then the European market will be opened,” he said.
In his opinion, Ukraine needs to create its own “Chumatsky Shliakh” route.
“We must produce our own products and supply them to Europe, and maybe to China,” he said.

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BUSINESSMAN KHMELNYTSKY PLANS TO EXPAND UNIT.CITY TO 26 HA

Businessman Vasyl Khmelnytsky intends to expand the area of the UNIT.City innovative park in Kyiv from 19 hectares to 26 hectares.
“We are now buying at dual prices those plots that were taken before us, and we’ll reach about 26 hectares,” Khmelnytsky said in an interview with the Novoye Vremia edition.
The UNIT.City innovative park officially opened in April 2017 in the territory of the former Kyiv motorcycle plant. The area of the park is 19 hectares. It includes the co-working area Chasopys-UNIT, the UNIT Factory IT school, three laboratories, a business campus, a fund and five accelerators. The park’s residents are 38 companies.
According to UNIT.City’s website, it is planned by 2019 to create four new business campuses, three accelerators, four funds and increase the number of resident companies to 100. By 2025, the park should include 25 hectares of space for work and leisure, as well as more than 300 companies and R&D laboratories (Research&Development are laboratories for the development of innovative technologies).
The managing partners of UNIT.City are Maksym Bakhmatov and Maksym Yakover (the CEO of the park).
Yakover is also a co-owner of the Chasopys creative co-working space at 3 Lva Tolstoho Street in Kyiv.

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BUSINESSMAN VASYL KHMELNYTSKY’S K.FUND, KHARKIV POLYTECHNIC INSTITUTE TO BUILD INNOVATIONS CAMPUS IN KHARKIV

Businessman Vasyl Khmelnytsky’s K.Fund and Kharkiv Polytechnic Institute will build and open in Kharkiv the Innovations Campus educational space worth more than UAH 60 million by the end of 2018, the press service of the UFuture investment group has reported.
“Construction work is due to begin in April, and the campus will start operating at the end of 2018. The task of the project is to enable Ukrainian specialists to develop and be successful in Ukraine,” the report says.
The training will be based on an innovative educational program, which was developed by UNIT Factory specialists in cooperation with Kharkiv Polytechnic Institute and other Ukrainian higher educational establishments.
In addition, the Small and Medium Entrepreneurship School will continue its work at the campus, whereas modern co-working will open the possibility for start-ups and creative young professionals to get jobs, qualified professional business support, security, access to knowledge.
The organizers also plan to attract investments from the state, enterprises and local business to finance this social and educational project.
As reported, First Vice-President of the Ukrainian League of Industrialists and Entrepreneurs (ULIE) Vasyl Khmelnytsky is the majority shareholder of UDP.
In early October 2017, he merged his business projects and social initiatives under the brand UFuture Investment Group (Brussels). The chief managing director of UFuture became the head of the ULIE office in Brussels, Mykola Tymoschuk.
The group included UDP, as well as businesses of Khmelnytsky: UDP Renewables, Bila Tserkva industrial park, innovative parks UNIT.City and LvivTech.City. The group is open to the creation of joint ventures and the attraction of new partners.
Support of social projects in the sphere of economy and education is provided by Khmelnytsky’s K.Fund.
UDP is one of the largest development companies in Ukraine. It has been operating in the market since 2002 and has implemented 11 projects with a total area of 3 million square meters. Among the most famous projects are the development of Kyiv airport, the construction of the Ocean Plaza trade and entertainment center and the RiverStone and Parkove Misto residential complexes in Kyiv.

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