This is a weekly digest of news about investment and business development in Ukraine from the UkraineInvest team

Kernel has invested USD 1,44.15 mln to strengthen its logistics for transshipment of vegetable oils in the ports of Chornomorsk and Reni.
The expansion of the edible oils production infrastructure is important for the agricultural holding ahead of the commissioning of the Starokonstantinivsky oil extraction plant in Khmelnytsky region. It is scheduled to be launched in spring 2024. The total investment in the construction of the plant, which will process up to one million tonnes of sunflower seeds per year, will amount to USD 279 mln. The technology implemented at the plant will enable the production of unrefined pressed sunflower oil.                                              

2,320 Ukrainians will receive UAH 77 mln in grants from the government to start or develop their businesses under the “Vlasna Sprava” programme. 
Since the launch of the programme, 7,000 Ukrainians have already become winners and will receive financial support worth UAH 1.7 bln under the “Vlasna Sprava” grant programme. Ukrainians can receive a microgrant of UAH 50 to 250 thousand. The funds can be used to purchase or lease equipment, purchase raw materials and supplies, and rent premises. Both existing entrepreneurs and people with no experience of such activities can receive a microgrant. A prerequisite for receiving funds is the creation of 1-2 jobs, depending on the amount of the grant. Ukrainians who received microgrants in 2022 created about 8,000 new jobs.

Construction of the Volia Agri-Food Park Vinnytsia, a Vinnytsia industrial park, started.
The expected amount of capital investment by the time the project is completed will reach about UAH 3 bln. It will create jobs for about 2,000 new employees.

Over the past week, more than UAH 12 mln was raised from the privatisation of state property by the State Property Fund.
A total of 43 bidders took part in 6 auctions, and due to competition, the price of assets increased 24 times from the starting price.   
Large international companies are ready to invest in Crimea after its de-occupation.
This was announced by President of Ukraine Volodymyr Zelenskyy at the 3rd Crimean Platform Summit. According to him, such companies as SkyUp, JoinUp, Vodafone, Luxoft, SoftServe, Genesys, Sigma Software, Edem, Okko, LifeСell, Nokia, Hayat Ukraine, EPAM, FOZZY and others have expressed their readiness to invest in Crimea.

Vinnytsia Poultry Farm may receive a loan of up to USD 30 mln from IFC.
The International Finance Corporation (IFC), a member of the World Bank Group, plans to resume cooperation with MHP, Ukraine’s largest chicken producer, and provide a loan of up to USD 30 mln to its subsidiary Vinnytsia Poultry Farm to finance the modernisation and expansion of its biomethane plant’s capacity to produce biomethane from agricultural waste.

Heineken sells its assets in russia for EUR 1 and exits the market
Heineken has completed the sale of its assets in russia to Arnest Group, having received all necessary approvals. The purchase price for 100% of the shares in Heineken russia (United Heineken Breweries LLC) was EUR 1. As a result of the transaction, Heineken, which owned seven breweries in russia, will incur losses of around EUR 300 mln.

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