The Business Week for the week of June 15-21, 2020

The Business Week for the week of June 15-21, 2020


Denmark to provide interest-free loans to Ukraine

On June 16, the Parliament of Ukraine ratified the Danida Sustainable Infrastructure Finance agreement within the Danida Business Finance program. The agreement envisages the interest-free loans with the focus on public sustainable infrastructure projects. In particular, the loans will be granted for the implementation of the energy efficiency, clean water and wastewater management projects. Read more


Foreign citizens are no longer banned from entering Ukraine

On 12 June 2020, the Government of Ukraine started easing coronavirus-related travel restrictions. Following the adoption of the Cabinet of Ministers’ Resolution No. 477, foreign citizens are no longer banned from entering Ukraine starting from 13 June 2020. Ukrainian borders are now open to foreign travelers holding a health insurance certificate covering any COVID-19 treatment and medical observation expanses. Lack of the respective certificate shall be considered a ground to deny entry into Ukrainian territory. The latter requirement does not apply to non-Ukrainians holding a Ukrainian 
permanent residence permit, who may enter Ukraine without a health insurance certificate. Read more.


Nibulon opens the new river transshipment terminal

Nibulon, one of the largest Ukrainian producers and exporters of agricultural products, has completed the construction of the high-capacity transshipment terminal along the Dnipro river in Dnipropetrovsk region. The company invested more than $22 million in the project. The new river transshipment terminal opens access for the agricultural producers to the modern grain market infrastructure as well as increases their involvement in foreign trade.  Read more.


French FM Logistic expands its warehouse in Ukraine 

UkraineInvest welcomes the expansion of the French FM Logistic warehouse complex in Dudarkiv and was happy to provide our services and support. FM Logistic has been operating in Ukraine since 1996 and has already invested more than EUR 40 million. The company is one of the key international players in logistics in the Eastern European region, providing high value-added solutions in logistics, transport and co-packing. It is active in 14 countries across Europe, Asia and Latin America (Brazil) and employs more than 27,200 people.

DP World concludes the acquisition of the TIS Container Terminal 

DP World successfully completes the acquisition of a 51% stake in the TIS Container Terminal, located at the Pivdennyi Port in Odesa, Ukraine. Read more

This acquisition establishes DP World in a highly attractive market, we look forward to contributing our experience, expertise and resources to the continued development and growth of the TIS container terminal.

Sultan Ahmed Bin Sulayem,
Group Chairman and CEO, DP World


An abundance of talent makes Kyiv’s start-up ecosystem emerging Europe’s best

Kyiv is listed as the 32nd best startup ecosystem in the world, the 8th best in Europe and takes 1st place in the emerging Europe region. According to Emerging Europe, the highly-skilled developers forego highly-paid jobs with international companies, choosing instead the start-up path, showing that the entrepreneurial culture within the city is very strong and influential. Read more in the article.  


Ukrainian seaports increased its cargo handling by 11% during the five months of 2020

The Ukrainian seaports handled over 68 million tons of cargo in total, which is 11% more compared to the same period last year. Export-oriented cargo grew up to 52,4 million tons or 10% increase. Grain and ore made up the biggest percentage of the cargo 21,4 million tons and 18,3 million tons respectively. Among the leading ports in cargo handling were Pivdennyi, Mykolaiv, Odesa, Chornomorsk and Mariupol. 


Ukraine sells almost UAH 2 billion worth of government bonds

On June 16, the Ministry of Finance of Ukraine sold UAH 1,96 billion hryvnia denominated bonds. The average yield for 3-month bonds is 7.5%, for 6-month – 8%. The yields for short-terms bonds reached the lowest level since the beginning of 2020. Since February the Ministry also started selling 2 and 3-years bonds at 10.6% and 10,8% rate of return respectively.

Stay tuned and follow us on FacebookTwitterLinkedIn or YouTube for more updates.