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The United Kingdom has allocated an additional £1 bln to support Ukraine. The funds will be used to support investments, trade, and security. The announcement was made by the Minister for Foreign Affairs of Ukraine, Dmytro Kuleba, who is on a visit to the United Kingdom at the invitation of his British counterpart Liz Truss. During this visit, the UK officially confirmed the increase in funding for Ukraine by £1 bln to the amount of £3.5 bln. Kuleba said that the allocated funds will be used for projects in infrastructure, healthcare and clean energy.
The US imposed no sanctions against Nord Stream-2, but might allocate $300 mln for Ukraine. Whilst the draft U.S. Defense Budget for the fiscal year 2022 (NDAA) does not include proposals for sanctions against Russia’s Nord Stream-2 gas pipeline, which Republican senators have been advocating. The compromise draft budget includes $300 mln to support Ukraine, which is $50 mln more than President Biden requested, including $75 mln for lethal weapons, reported Politico.
Ukraine will invest UAH 142 bln in infrastructure development. In 2022, UAH 141.8 bln ($5.22 bln) will be allocated for the construction and maintenance of state and local roads and the modernization of railways, airports, and river transport said the Deputy Finance Minister, Oleksandr Kava. In addition to this investment, funds will also be provided to construct and reconstruct bridges. In particular, the Zaporizhzhya Bridge and the left-bank exit from the Darnytskyi Bridge in Kyiv. The construction of a new bridge in Kremenchuk will also go ahead.
The price of farmland increases an average by 217%. The price of plots at electronic land auctions is growing by an average of 217%, said the Minister of Agrarian Policy and Food, Roman Leshchenko. He noted that the transparency of land relations is ensured through land auctions in the electronic system Prozorro.Sales. To date, 1,542 auctions have been announced, and 8,000 hectares of land plots in various regions of Ukraine with a total value of UAH 570 mln ($21 mln) have been put up for lease or alienation. The minister said that the price per hectare grew by 217%, with an average price of almost UAH 40,000 ($1470).
Ukraine will change the algorithm of automatic land valuation. The State Property Fund of Ukraine (SPFU) will soon introduce changes in the service of automated land valuation. This will avoid the overstatement of the estimated value of the land. “We plan to use more average values, which will prevent cases of unreasonable overestimation of the estimated value and, accordingly, tax payments that occur today,” said the First Deputy Head of the State Geocadastre, Anatoly Miroshnichenko. He added that information on special permits for subsoil use and land composition of land plots is available through the Public Cadastral Map and in extracts from the State Land Cadastre.
A new $15M VC fund has launched in Ukraine. The new VC fund called SID Venture Partners I has launched in Ukraine. The trust fund is valued at $15 mln. Its focus is on early-stage funding of the projects with Ukrainian founders. The fund is managed by 9 representatives of the Ukrainian IT industry and combines the efforts of 3 companies. Sigma Software, Ideasoft, and Datrics to create a synergy of service and product business. The fund will focus on Ukrainian tech startups, preferring projects in deeptech, b2b, blockchain, fintech, and the automotive industry.
Ust-Danube commercial seaport to be privatized. The State Property Fund (SPF) of Ukraine intends to privatize the Ust-Danube Commercial Sea Port State Enterprise in the first quarter of 2022, reported Interfax. The Fund noted that after including the single property complex of the State Enterprise “Ust-Danube Commercial Sea Port” in the list of small privatization objects, an inventory of the company’s property was carried out.
The first autobahn in Ukraine will be built in 2022. The autobahn will be between the Polish city of Krakow to Brody and Rivne. The length is 280 kilometers, and traveling time is expected to be reduced from 4 hours 20 minutes to 2.5 hours. The autobahn will be designed for a speed of 130 kilometers per hour, and the project will be implemented in three stages. The autobahn from the Polish border will be a part of the road to Kyiv, said Denys Shmygal during the Ukrainian-Croatian business forum.
The European Bank for Reconstruction and Development (EBRD) will invest $50 mln to develop industrial and logistics real estate in Ukraine. The EBRD will finance Dragon Capital Investments Ltd in its development and management of industrial and logistics real estate. The decision to allocate funding to the EBRD Board of Directors will be made on January 12, 2022.
Ukraine abolished 35% duty on the imports of Belarusian MAZ vehicles. The Interdepartmental Commission on International Trade (ITC) has abolished a special duty on imports of buses, trucks, and special cars from Belarus in the amount of 35% of the customs value, which came into force in May 2 of this year.
YouTube launches Shorts Fund in Ukraine to support short video authors. The Minister of Digital Transformation, Mikhail Fedorov, met with the Google team in Washington earlier this year to discuss the inclusion of Ukraine in the YouTube Shorts program. The launch of the Shorts Fund means that starting in December, Ukrainian content makers will be able to receive funding for short videos that will become popular on the social network.
Ukrainian MedTech startup DrugCard has raised €255,000 from Think Bigger Capital and Farmak. DrugCard is a platform for automatic monitoring of medical literature. The product helps pharmaceutical companies reduce costs, optimize routine processes, and ensure compliance with regulatory requirements in pharmacovigilance. During the two years, the pharmaceutical company Farmak met more than 80 startups in the field of medical technology and related fields and invested more than $ 500,000, reported ain.ua
Distillery in the Lviv region sold 16 times more than the starting price. At the privatization auction for the sale of property of Vuzlivsky MTD in the Lviv region, the price increased from the starting UAH 21 mln ($772,000) to UAH 333 mln ($12.2 mln), (Prozorro.Sale). The distillery is located in Radekhiv, which is in the Lviv region. A total of 7 companies took part in the bidding. The proposed UAH 333 million is the highest price among all privatized distilleries in Ukraine.
The share of new cars in the Ukrainian electric car market is growing. In November 2021, 905 battery-powered vehicles were added to Ukraine’s fleet, 76% more than in November last year, reported Ukravtoprom. The most popular passenger electric car is the Nissan Leaf, next is the Tesla Model, and Chevrolet Bolt. Of the 57 commercial electric vehicles that received Ukrainian license plates in November, 44 were Renault Kangoo. In just eleven months since the beginning of the year, 7.9 thousand cars powered by rechargeable power sources have passed the first registration in Ukraine, 16% more than in 2020.
Medical tourism in Ukraine to recover in 2022. From 2017 to 2019, the number of foreigners receiving treatment and diagnosis in Ukraine has doubled, reported Interfax. “Statistics speak for themselves: both trends and demand for medical services in Ukraine will only grow, despite even a temporary timeout due to pandemic”, said Bogdan Zadorizhny, surgeon-oncologist of Spizhenko Clinic.
Editor’s note: Many travelers come to Ukraine for medical tourism. It is a trend that has been popular for the past 3-5 years. One US student shared his experience visiting Ukraine as a tourist and decided to have some dental work. He spent $700 on visits to the dentist in Kyiv, whilst in NYC the price would have been around $5000. You will say that medical insurance could cover dental expenses. However, the average cost of Medical Insurance in NYC is at least $400-$500 per month. The quality of medical treatment in Ukraine is rising, along with the number of medical tourists. Maybe Ukraine can develop this business following the Thai model where you see international standard medical facilities serving both residents and ex-pats in the South East Asian region. Best Regards, UBN Editorial Board.