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The Bolshevik site, located on Peremoha Avenue with adjacent parks and the Shuliavska Red line metro station,

could attract an estimated $500 million in residential and office construction, according to Serhiy Tsivkach, the Executive Director of UkraineInvest.

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Since last fall, the sale of distilleries has netted the government $55 million.

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“There are hundreds of such non-core facilities in various government agencies, ministries,” Tymoshenko said