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Ukraine startups presenting at World Web Summit.

The event takes place in Lisbon, Portugal between November 1-4. Web Summit brings together the people and companies redefining the global tech industry, and this year the event expects 70,000 visitors and 300 speakers from all over the world. Ukraine will be represented by 10 startups who will present their projects in front of the global tech community. The Ukrainian companies presenting the projects include: Spokk, Organization.GG, Wantent, Global Innovative Online School, Carbominer, Skyworker, Classee, Djooky, FINMAP.online, Auto BI.

GUAM foreign ministers discuss the development of international logistics across countries.

Dmytro Kuleba took part in a meeting of the Council of Ministers for Foreign Affairs of the Organization for Democracy and Economic Development – GUAM (ukrinform). “We have outlined certain economic steps and projects that we will take to develop trade and international logistics through the GUAM countries,” said Kuleba. The parties discussed further political cooperation within the organization, sectoral cooperation between Ukraine, Georgia, Moldova, and Azerbaijan in the fields of economy, trade, transport, IT, and innovation.

The State Property Fund is selling a distillery in the Poltava region.

For the fourth time, the State Property Fund has put the Vishnyakovsky distillery up for auction. The asset includes the separate property of the Vishnyakovo place of operation and the storage of alcohol of the State Enterprise Ukrspirt in the Poltava region. The Online auction is scheduled to be held on October 22nd. The successful bidder will receive 25 real estate assets with a total area of 11,134.2 square meters. The distillery is also located on a land plot with

Farmak opens an office in the UAE.

The Ukrainian pharmaceutical company has opened an office in the United Arab Emirates and plans to further strengthen its expansion in the Middle East and localization in Saudi Arabia and Egypt. The company said that its production facilities have successfully passed certification in the UAE government bodies. The company also registered various products which are being purchased at public and local hospital tenders in the region.

The first caravan of 2 barges and 1 tug passed through the newly build Dnipro lock.

It is planned to implement a series of such locks to improve Dnipro River logistics. This type of lock allows ships to save up to 8 hours in one pass. The saved time will allow the shipowner to make up to 10 trips a year and to transport up to 100 thousand tons per navigation. This is another step towards the development of water logistics, which should become a convenient alternative to road and rail transportation, said the Minister of

Metinvest enterprises will allocate UAH 26.7 billion for dividend payments.

PrJSC Mariupol-based Illich Iron and Steel Works (Donetsk region) will pay UAH 11.004 bln for the payment of dividends from retained earnings, Azovstal – UAH 7.718 billion, PrJSC Dniprovsky Coke and Chemical Plant (Kamianske, Dnipropetrovsk region– UAH 1.774 bln, PrJSC Avdiyivka Coke and Chemical Plant UAH 2.365 bln , and PrJSC Zaporizhkoks – UAH 3.867 bln.

The Deputy Chairman of the Fund, Yuliya Byelova, announced that the new Automatic Real Estate Valuation Service has already issued 380 thousand certificates.

The Automatic Real Estate Valuation Service is an innovative product that allows users to quickly and free of charge receive certificates with the appraised value of their real estate. The Valuation Service uses data of registered valuation reports, information from SPAs, and open sources of the real estate market, including data from search engines such as LUN and OLX, with which the Fund entered memorandums.

Foreign direct investment growth in Ukraine.

UkraineInvest has already received applications for almost $ 2 billion of investment, announced its CEO, Sergiy Tsivkach. In the first half of the year, foreign direct investments increased by $ 2.7 billion compared to the same period last year. This included investment in 9 projects in the Agro-processing sector valued at $534 million, 9 projects in the processing industry and production valued at $516 million, 5 projects in the logistics sector valued at $ 531 million, and an investment of

Ukrzaliznytsia agrees to pay some of the Debt to VR Global Partners L.P.

In 2019, Ukrzaliznytsia’s debts to PJSC Prominvestbank valued at $153.25 million were sold to VR Global Partners L.P. UZ stating that they are ready to pay only confirmed debt obligations and are not ready to allow double penalties (reports). “Ukrzaliznytsia also did not agree with the interest to be paid on the debt from 10 to 11%, however, 3% interest rate would be more accurate.

Kharkiv’s IT success shows the way for other Ukrainian cities.

 Ukraine’s second-largest city, Kharkiv, is well on its way to becoming a major regional IT powerhouse, according to a new report from the Kharkiv IT Cluster. Carried out in partnership with KPMG, the report concludes that the Kharkiv region is now home to more than 45,000 IT specialists, and 500 IT firms.  Despite the Covid-19 pandemic, growth over the past two years has been strong. The estimated value of the Kharkiv IT industry is approximately $1.5 bln in 2021, an

New Technology Park in Kyiv planned.

The National University Kyiv-Mohyla Academy (NaUKMA) together with the 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. After restoration, the territory will be able to accommodate about 40 resident companies and co-working spaces for students,” the Director of BIP Oleksandr Bondarenko said.

UkraineInvest plans to launch “Make in UA”  program

aimed at stimulating the investment market development for the entire country. “Make in UA” program highlights the most promising sectors and regions for placing production facilities in Ukraine, and provides recommendations on where to find the investors that will also help develop a network of industrial parks. “We are convinced that the future of Ukraine is to become a European manufacturing hub. In this context, we focus on medium-sized businesses, and envisage a healthy competition for investments among the Ukrainian

Lithuanian business invested EUR 180 mln in Ukraine last year.

Investments were concentrated in the financial sector, insurance, wholesale and retail trade reported ukrinform. In addition to direct investment, the trade turnover between our countries reached € 1.2 bln. According to Ambassador of the Republic of Lithuania to Ukraine, Valdemaras Sarapinas, Lithuanian companies are active in Ukraine in the sectors of construction and agriculture, and the export of Ukrainian grain, oil, metal, and coal. To grow their presence in this market Lithuanian businesses are looking to the sectors of energy

Over the two years of the “Great Privatization” and the “Small Privatization”, the budget of Ukraine received a boost in revenue valued at 4.5 bln hryvnias ($165 mln)

. Speaking with TV channel DOM, the Deputy Chairman of the State Property Fund of Ukraine, Kostiantyn Koshelenko announced. Legislatively, privatization is divided into large and small. “Large-scale privatization” relates to assets with a starting price of UAH 250 million ($9.2 mln), and “Small-scale privatization” refers to assets with a starting price below UAH 250 mln ($9.2 mln). This year only within the framework of “Small privatization” auctions were held to sell over UAH 2 bln ($74 mln) of government-owned

UkraineInvest has received 23 project applications from potential investors totaling more than $ 2 billion.

“There are investment nannies in Ukraine. UkraineInvest has been identified as a key institution with nine team members guiding large investment projects. To date, 23 investors have applied to take advantage of this law. The total amount they plan to invest in Ukraine is over $2 billion”, Prime Minister Denys Shmyhal said at a press conference.

The Ministry of Agrarian Policy and Food of Ukraine is working with investors from the UAE who have expressed interest in investments in Ukraine’s agricultural sector.

 This includes UAE institutions and companies in the irrigation sector. The subject was the matter of discussion during a meeting of the Agrarian Policy Ministry representatives with the UAE government delegation led by Minister of State for Food and Water Security of the United Arab Emirates, Mariam Almheiri (ukrinform reports). “The Ukrainian side expressed a keen interest in attracting investments of UAE’s financial institutions and companies in the irrigation sector of Ukraine in view of favorable conditions for doing business,

Direct investment projects of Shanghai in Ukraine in telecommunications, energy, and agriculture sectors,

 reported the Odessa Journal.  Shanghai is developing a number of projects in Ukraine in the agro-industrial sector and foresees prospects for cooperation in energy, infrastructure, agriculture, according to the Deputy Director of Shanghai Municipal Commission of Commerce Zhu Yi. “We now have six direct investment projects of Shanghai in Ukraine worth $17 million, in the agriculture, forestry, livestock, and fisheries sectors. The total volume of contracts that Shanghai has concluded in Ukraine has been estimated to be $897 million, of

When should we expect foreign investors?

 “There are more foreign investors coming to us. I hope Concorde Capital and I will become pioneers in the sense of attracting Western investments to Ukraine. I’m sure we’re going to have a big investment boom. And even the political processes that are currently taking place in Ukraine are not able to prevent this.” said the founder of Concord Capital Igor Mazepa on LinkedIn.

Fund of Funds in Ukraine for US investors.

The Minister of Digital Transformation of Ukraine, Mykhailo Fedorov, has presented an idea of launching a Fund of Funds in Ukraine for US investors. “The state will not only invest in startups but will also direct funds to the world’s best venture capital funds to invest in Ukrainian startups. This will allow the number of startups to grow, and allow large strategic investors to enter the Ukrainian market. So, we will create a better environment for the development of the

Bosch will open a new plant in Ukraine.

The German Company manufacturing company will build a facility which will manufacture power tools.  It will be considering the location of the manufacturing hub after meeting with Minister of Economy, Oleksiy Lyubchenko, reported DW. “Ukraine for us is an interesting and important region for investment. We have serious intentions to organize here the capacities on production of the electro-driven tools,” says President of Bosch Group in Eastern Europe and Central Asia Steffen Hoffmann.

Conference on the investment potential of Vinnytsia region.

It’s taking place in Vinnytsia on September 10 and will be organized jointly by the Government Investment Promotion Office UkraineInvest and Vinnytsia Regional State Administration. The event is an extension of the 8th International investment forum “Vinnytsia Region – Business in the Center of Ukraine”. Among the themes to be covered are the local investment potential, investment policy and regional development, and the development of Industrial parks.

Ambassadors discuss preparations for Ukraine Reform Conference.

 The Ambassadors of the G7 countries exchanged views on plans for the Ukraine Reform Conference 2022 with representatives of the Swiss embassy. The 5th Ukraine Reform Conference will be held in the Swiss city of Lugano on July 4-5, 2022, with the participation of representatives of the Ukrainian authorities at all levels. A statement posted by the UK Presidency of the G7 Ambassadors’ Support Group in Ukraine said: “Ambassadors welcomed Switzerland’s intention for an inclusive approach, including civil society and

Large-scale privatization is underway

. The process was unlocked by the parliament in March 2021.  According to Deputy Head of the President’s Office, Kyrylo Tymoshenko, a four-fold increase in state budget revenues from privatization is expected in 2021 compared to 2020. “In 2018, the growth of revenues from privatization amounted to 1.2%, in 2019 – 3.1%, in 2020 it was 350%,” and this year it is planned to keep boosting them.

A starting price of almost UAH 1.4 bln was proposed for the Bilshovyk plant.

The Auction Commission for the privatization of the First Kyiv Machine-Building Plant (formerly Bilshovyk), has proposed a starting price of UAH 1.398 billion, the Head of the State Property Fund (SPF) Dmytro Sennychenko has revealed. He acknowledged that “The privatization of the Bilshovyk plant is a chance for a second life for this enterprise, which is more than UAH 500 million in debt.” Investments of more than UAH 57 million will be needed for repair and modernization.

Master Agreement on Research, Development, Testing and Evaluation Projects signed.

Its purpose is to deepen bilateral cooperation in science, technology, and military-technical areas, and contribute to the development of an international legal base for the conclusion of contracts on the implementation of joint research and development work in the field of defense. “It creates conditions for the introduction of advanced defense technologies, the launch of projects in the field of modernization of armaments and military equipment with the investment of the American party and provides for the implementation of measures

Ukraine seeking Swiss investment for railway development.

The Ministry of Infrastructure, and JSC and Stadler CIS AG, Stadler Rail AG (Switzerland) and the Swiss Export Risk Insurance Agency SERV have signed a memorandum determining the principles and mechanisms for cooperation. According to the CEO of Stadler CIS AG Alexander Luft, “for the first time, export financing from Switzerland is attracted at the state level, which will be aimed at the development of Ukraine’s railway transport, including the renewal of the train fleet. Investment of up EUR 500

LUN housing search service wants to attract foreign investment.

It has launched a campaign to attract international investment in residential real estate in Ukraine. According to LUN, the volume of the market for new buildings in Ukraine is about $4 billion per year, of which about $2 billion is Kyiv with the suburbs, another $1 billion – Odesa and Lviv, and the rest is in other regions. Today, almost the entire amount is domestic investment.

Saudi Arabians interested in Ukrainian startups.

The CEO of the TaibahVally investment campaign and one of the leaders of the national investment program “Saudi Vision 2030”, is in Ukraine looking for profitable and innovative areas for investment. The Sovereign Wealth Fund of Saudi Arabia, which finances the program, is one of the largest investment funds in the world. He has met with Alexander Bornyakov, Deputy Minister of Digital Transformation for IT Development, and visited the offices of several Ukrainian technology companies, including UNITCity.

New foreign investment in construction in Ukraine should add up to $2 billion by 2025, Valeriy Kodetsky, president of City One Development,

 tells Interfax-Ukraine. “Powerful foreign investors” are interested in building new factories and production facilities, participating in large infrastructure projects, and building commercial and residential real estate projects, Kodetsky said, summarizing conversations he had last month in Monaco at the CC Forum Global Investment in Sustainable Development.

Pushing a plan to create a national airline for Ukraine,

President Zelenskiy met yesterday in Kyiv with Marc Rochet, CEO of Aerogestion, a Paris-based airline consultancy. Noting the modernization of regional airports, Zelenskiy said a regional airline would boost domestic tourism. Two months ago, Kirylo Tymoshenko, deputy presidential chief of staff, said the airline would be based on Antonov An-148, a regional jet capable of seating 68-85 passengers. For Zelenskiy to meet his self-imposed deadline to create a national airline by the end of this year, he would have to

In what could be a $150 million contract, Chornobyl’s Exclusion Zone Agency is launching a tender for construction of a facility to store vitrified high level nuclear waste for 100 years

. In the aftermath of the 1986 nuclear disaster, a French consortium, Novarka, built the €1.5 billion New Safe Confinement. An American company, Holtec International, built the first stage of what is to be a $1.3 billion dry storage facility for spent nuclear fuel. The new facility is to store 260 cubic meters of reprocessed fuel returned from Russia. The tender closes Sept. 13, the ProZorro auction is to be Oct. 19, and construction is to be completed by Dec. 2023.

Next month, a $100 million, 33-silo grain handling terminal is to be completed at Odesa port

, reports Ports of Ukraine news site. Partly financed by the EBRD and constructed by Brooklyn-Kiev and Louis Dreyfus Company, the Franco-Dutch food processing firm, the complex will launch Brooklyn-Kiev into the ranks of Ukraine’s top five grain handling terminals. The new terminal can store 241,000 tons at one time and will has an annual shipping capacity of 4 million tons. For comparison, Ukraine is expected to export 56 million tons of grain this year.

Building on Ukraine’s first state port concessions to private investors,

 the World Bank’s International Finance Corporation is training Ukraine government personnel to manage these concessions – at Kherson and Olvia ports, the IFC’s Ukraine office reports. Over the next two years, the government plans to sell four small Black Sea ports outright and to lease out units in other ports through public-private partnerships.

A 35-hectare ‘dry port’ is to be built in the Lviv Region border town of Mostyska

, the Economy Ministry reports. Designed to create 1,100 jobs, the dry port will be an industrial park hosting export-oriented companies: sawmills, furniture manufacturers, producers of polymer building materials and electrical machines as well as warehouses for international logistics. A major rail line and an international highway connect Mostyska with the Polish border, 10 km to the west.