Investments

Tuesday, September 14

In other upgrades to its network, Smilyanksy announced Ukrposhta plans to computerize another 1,250 villages with a population of up to 1,200 people by February 2022. “We will launch 800 more vehicles this year and about 900 more next year so that the whole country will be covered with mobile units by June 2022”. (Interfax-Ukraine)

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 b...

Monday, September 13

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, ...

Friday, September 10

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 ex...

Thursday, September 9

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 Swi...

Tuesday, September 7

Ukraine’s embassy in Beijing hosts an investment forum. On September 5, the Embassy organized and hosted the 3rd Ukrainian Investment Forum for Chinese entrepreneurs within the China Beijing International Fair for Trade in Services (CIFTIS-2021). The focus...

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 privatizatio...

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...

The Verkhovna Rada to consider the bill on industrial parks. According to the Speaker, Dmytro Razumkov, during their first week back after the summer recess, lawmakers are planning to vote on a bill on industrial parks aimed at attracting investment in the indu...

Thursday, September 2

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...

Wednesday, September 1

Motor Sich and Antonov sign UAH 920 million agreement. Motor Sich has signed a major contract with Antonov aimed at increasing engine life for the Mriya and Ruslan cargo aircraft, Defense Express reports. According to the ProZorro site, the expected volum...

Monday, August 30

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 mechan...

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 ye...

Kyiv Investment Forum to focus on smart development of Kyiv region. According to Kyiv mayor Vitali Klitschko, this year’s Forum will be held on September 10 and will be dedicated to the smart development of Kyiv region and its creative transformation. The city is hopi...

Thursday, August 26

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 ...

Wednesday, August 25

Metinvest offers to buy out shares from minority shareholders of Pokrovske Colliery. Along with its affiliates, Metinvest wants to buy out shares from minority shareholders in Ukraine’s largest coking coal producer, PrJSC Pokrovske Colliery (Donetsk region), under the squeeze-ou...

Thursday, August 19

To promote exports to nontraditional markets, the Cabinet of Ministers allocated $67.5 million yesterday to Ukraine’s Export Credit Agency, Prime Minister Shmyhal announced on Telegram. Noting that Ukraine’s exports were up 31% yoy in the first h...

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 res...

Foreign investors plan to spend $80 million to build in a Ukraine a plant for float glass – the kind of glass used for modern windows. Without naming the investors, Kodetsky said this plant could supply up to 30% of Ukraine’s needs and would cut building glass costs by 20%.

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 woul...

Friday, August 13

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 ...

Thursday, August 12

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-Ki...

Wednesday, August 11

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 n...

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 buildi...

In the first year since gambling was legalized, the industry brought $37 million to the state budget, the Gambling and Lottery Regulation Commission reported Tuesday. This is one quarter the amount forecast one year ago. The gambling industry has been slow to expand due to delays in adopting regulatio...

Monday, August 9

To promote the sales and service of electric cars, the EBRD is loaning €20 million to Winner, Ukraine’s leading importer and retailer of electric cars. To be matched by Winner’s investment of €23 million, the money will go to building environmentally sound dealerships for Renault and Volvos, t...

Thursday, August 5

With six major state companies scheduled for privatization auctions during the second half of this year, 75% of revenue is to come from “the sale of ‘blue chips,’ the worn-out but potentially competitive industrial giants inherited from Soviet Ukraine,” Dmytro Sennychenko, head of the State Property Fund...

Wednesday, August 4

The Cabinet of Ministers has extended for three more years work on Ukraine-Poland border checkpoints. Financed by a €100 million low interest loan originally extended from Poland in 2016, Ukravtodor is spending €68 million to upgrade road approaches to six checkpoints; the Customs service is spending ...

Monday, August 2

The state-owned, ‘Bolshevik’ machine building plant will go up for auction in October with a starting price of $52 million , Dmitry Sennychenko, head of the State Property Fund, writes on Facebook. Given its location on Kyiv’s Peremohy Avenue and next to Shuliavska Metro station, the 35-hectare site is could attract as mu...

Conditions include paying $19 million in debts and back wages and investing $2 million in “preservation of basic activities.” ” Founded 140 years ago, the most modern machinery dates from 1983. With 315 employees, the state company only generated $3 million in revenue last year. KPMG Ukraine is the privatization advisor.

President Zelenskiy signed a law last week allowing the National Bank of Ukraine to issue a digital currency , the e-hryvnia. The central bank “will also be able to set up a regulatory sandbox to test new services, technologies and tools in the payments sector,” reports Bitcoin.com. “The platform will allow ...

Promising to start drone deliveries of packages next year, Nova Poshta tested sending a Discovery drone with a parcel from Chaika airfield, outside of Kyiv, to Korotych airfield, outside of Kharkiv. The drone successfully made the 480 km flight in five hours....

Thursday, July 29

1,000 infrastructure facilities are under construction this summer in all of Ukraine’s 24 regions, Kyrylo Tymoshenko, deputy presidential chief of staff, said yesterday at the Ukraine 30 Decentralization forum. In addition to a record amount of highway construction, the government is building 100 k...

Tuesday, July 27

Canada and Ukraine are preparing a project to produce a modernized version of the An-74TK-200 mixed cargo and passenger jet for international markets, focusing on North America, Ukroboronprom reports. In March, Kyiv’s Antonov opened Antonov Aircraft Canada in Montréal, the business capital of Québec. The largest of Canada’s 10 provinces, Québec is a...

Under a proposed bilateral cooperation document, “design and final assembly” of the jet would be done in Québec, Desmond Burke, head of Gold Leaf Aviation, an Ontario company representing Antonov’s interests in Canada, tells Le Devoir newspaper. Appropriate for Canada, the Soviet-designed aircraft operates...

One disadvantage, writes the Capital Hill Group, an Ottawa lobbying group working on the project, is a “critical dependence on the use of a significant number of components produced in Russia, which in turn do not meet...

Canada’s largest investment in Ukraine, the US$1 billion Black Iron mining and processing plant in Kriviy Rih, is being held up by delays at Ukraine’s Defense Ministry, Matt Simpson, CEO of the Toronto-based mining company, tells RBC-Ukraine. If the Defense Ministry completes a binding agreement on transfer of...

Monday, July 26

Major investments in energy efficiency for factories and apartment buildings could reduce by half Ukraine’s gas consumption during the 2020s, said Vitaliy Shcherbenko, Naftogaz Director of Energy Efficiency, tells Den news site. This reduction could eliminate Ukraine’s need to import 10 bcm of gas every year, he says. Investments are needed...

Wednesday, July 14

Next year the EU will spend €750,000 to secure Ukraine’s place in the EU battery supply chain. Šefčovič said that the funding is “to help Ukraine to align its regulatory mining framework to that of the EU, committing to the highest environmental, social and governance standards.”

Monday, July 12

Concorde Capital’s Alexander Paraschiy wrote: “The placement rate implies a spread to the sovereign curve of 247 bps, which looks too high for a quasi-sovereign issuer. Two years ago, Ukrainian Railways issued a new bond with a 155 spread to the ...

Friday, July 9

A full plan, dated June 2020 “includes a ‘roadmap’ for the creation of a ‘vertically integrated aviation defense consortium’ that could bring $10 billion in revenues and investment, ” Time reports. The project lost momentum after Trump lost the election and Prince’s two main associates in Ukraine came under criminal investigation in New York. Prince’s sister, Betsy De Vos, steppe...

Thursday, July 8

France’s Alstom plans to sign a €882 million contract with UZ to supply 130 electric locomotives for hauling freight , the company has reported. Last week, the Rada ratified a France-Ukraine agreement on supplying the locomotives, which are to have 35% local content. France is providing loans to cover 85% of the dea...

Wednesday, July 7

Three years in the making, an agreement signed last week in Beijing for China to finance and build bridges, highways and railways in Ukraine represents a big step up for China’s commitment to Ukraine, Chinese analysts tell the South China Morning Post. “Ukraine can only embrace China more since both the EU and NATO have not shown much interest in Ukraine joining for now,” said Li Lifan, a senior fe...

The Finance Ministry yesterday sold the equivalent of $113 million of hryvnia bonds in an auction of five different tenures. The sale raised 24% more than last week’s auction. Yields were little changed and ranged from 10.99% for 1-year bonds to 12.59% for 5-year bonds.

Yesterday Ukrzaliznytsia started investor calls for the placement of new 5-year Eurobonds to raise $300 million, Interfax-Ukraine has reported. Last month, S&P changed the outlook for Ukrzaliznytsia’s credit rating from negative to positive in connection with a debt rescheduling deal with Sberbank. With the economic downturn caused by the...

Concorde Capital’s Alexander Paraschiy wrote: “The placement is a well-expected event that is essential for Ukrainian Railways to resolve its liquidity issues and secure financing for its on-going CapEx program. We see a high chance for the place...

In a test use of the Prozorro.Sales electronic auction system, UZ lease rates of commercial spaces in rail stations rose by 47% yesterday , says Ivan Yuryk, acting CEO of the state railroad. UZ leased space in Dnipro Main, Zaporizhia-1 and Khmelnitsky. Areas leased will be used for ATM machines, payment terminals, vending machines, and ...

Tuesday, July 6

‘Small’ privatizations – the sale of state assets that litter Ukraine 30 years after the collapse of communism – netted the government $61 million during the first half of this year. This is four times the amount of the same January-June period last year, the State Property Fund writes on Facebook. Increasingly popular, the sales are online, are open to bidders from across the nat...

Monday, July 5

On the stalled Chinese investment in the Motor Sich aircraft engine factory, the Global Times quotes Song Kui, the President of the Contemporary China-Russia Regional Economy Research Institute, saying yesterday: “If Kiev can recognize the situation and get rid of the country&...

Friday, July 2

The Rada yesterday ratified four agreements between France and Ukraine totaling €1.3 billion. The transaction includes buying 130 electronic freight locomotives from Alstom and €140 million worth of drinking water projects for Kyiv and Luhansk. The projects are largely French-financed.