Investments

Tuesday, April 6

The Cabinet of Ministers has approved expenditure of $350 million to build 10 new customs checkpoints and to rebuild 25 old ones , the government portal has reported. Much of the funds originate from a Polish government loan to Ukraine to build border crossings with Poland. More than half of the loan will be used to buy and ins...

Lemtrans, owner of Ukraine’s largest private rail car fleet, is investing $15 million to create a logistics hub at Mostyska, Ukraine’s Lviv region border town with Poland. By the end of this year, this ‘Dry Port’ will allow shippers to switch container between trains on Soviet gauge tracks and trains on EU gauge tracks. Ref...

Monday, April 5

The government’s ‘Big Construction’ program will invest in infrastructure for four industrial parks this year, Oleksiy Chernyshov, Minister for Community and Territorial Development, says according the government website. The announcement came at a meeting with Dragon Capital, which is building two industrial ...

The World Bank is discussing a $200 million loan for improving IT higher education , the Finance Ministry wrote on Facebook. The funds will be spent on computers and to tailoring university curricula to real world employer needs. The Digital Transformation Ministry has set a goal of...

London-based VR Capital is investing €75 million to buy three wind power plants with a total design capacity of 49.5 MW in Odesa’s Bessarabia region. The seller, Metropoliya Group, is to continue technical support of the projects until they enter commercial operation next year, VR Capital said Thursday. In addition, VR’s Elementum Energy Ukraine is...

Friday, April 2

A “Chinese official delegation” to Russia-controlled Crimea in early March turned out to be composed of three Chinese traders who have worked for many years in Moscow’s wholesale markets , reported Meduza, the Russian-language news site based in Latvia. Vadim Rabinovich, a pro-Russia Ukrainian Rada member, wrote on Facebook that the visit could be a “countermove” by Beijing in respons...

JCB, Japan’s largest credit card company, is entering the Ukrainian market. It will be the fifth international card payment system in Ukraine with a non-resident payment organization, reported the National Bank of Ukraine. The 50-year-old Tokyo-based company has 5,000 employe...

Two Czech investment bankers prominent in Ukraine – Tomasz Fiala and Ivan Svitek –received permission from the National Bank of Ukraine to acquire UNEX bank. Fiala, through Dragon Capital companies, is buying 75%. Svitek, former CEO of Alfa-Bank Group in Ukraine, is buying 25%. The Central Bank ranks UNEX Bank as the 63rd largest of Ukraine’s 73 banks, wit...

The first large scale privatizations of public enterprises are to take place this summer , Prime Minister Shmygal announced on Telegram. After meeting with Dmytro Sennychenko, the Head of the State Property Fund, Shmygal wrote that top candidates for auction are: Kyiv’s President Hotel, K...

Concorde Capital plans to bring 10 Ukrainian companies to initial public offerings over the next two years, Concorde CEO Ihor Mazepa said recently at the IPO presentation of Veres Rivne People’s {Football] Club. Citing changes in Ukraine’s financial markets, the Concorde founder said: “What I have seen for ...

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