Business news from Ukraine

UKRAINE’S REGIONAL DEVELOPMENT MINISTRY, GIZ AGREE TO IMPLEMENT EUR 5.85 MLN PROJECT

15 June , 2016  

KYIV. June 15 (Interfax-Ukraine) – The Ministry of Regional Development, Construction, Housing and Utilities Economy of Ukraine and the German Corporation for International Cooperation (Deutsche Gesellschaft fur Internationale Zusammenarbeit, GIZ) have agreed on the implementation of the project for the development of Ukrainian cities with the funding of EUR 5.85 million.

The relevant agreement was signed by Deputy Prime Minister – Minister of Regional Development Hennadiy Zubko, Director of the GIZ Office in Ukraine Sabine Muller and Director of the Integrated Urban Development in Ukraine project Mathias Brandt.

“At present, the integrated urban development is critically important for Ukraine because powers are being transferred local authorities and new tools are being developed to address the issues related to financing and territory planning,” Zubko said.

Integrated plans for the development of Vinnytsia, Zhytomyr, Poltava and Chernivtsi are planned to be developed as part of the project. Each of the cities needs to provide free office space worth EUR 200,000.