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UBJ AM News: Nov. 16, 2016
UBJ Editor
Foreign investment in Ukraine has risen by $2.6 billion since the beginning of the year, and foreign investors are showing strong interest in hydroelectric generating stations on the Southern Bug River
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

Foreign investment in Ukraine has risen by 6.2 percent, or $2.6 billion, since the beginning of the year, Korrespondent reported using data from the State Statistics Service. Cyprus, the Netherlands, Germany, Russia, Austria, Great Britain, the British Virgin Islands, France, Switzerland and Italy combined to account for 83 percent of the country’s foreign investment. Much of this is believed to be offshore Ukrainian money coming home.

The head of the State Property Fund said foreign investors are showing strong interest in hydroelectric generating stations on the Southern Bug River, the Ukrainian Bank for Reconstruction and Development and the portside factory in Odessa, Ekonomicheskaya Pravda reported. Igor Bilous wrote on Facebook that the agency has received more than 10 applications for each hydroelectric power plant, most of which are from foreigners.

Prime Minister Volodomyr Groysman said the doubling of Ukraine’s minimum wage to 3,200 hryvnia will not spark inflation, according to Ukrinform. Groysman said the government had acted “absolutely professionally” in adopting the increase.

A Ukrinform report citing the Dnipropetrovsk regional government states that the World Bank has allocated $40 million for outpatient departments as part of a project to fight cardiovascular disease. Money from the four-year project will be used to renovate 39 facilities in Dnipro, Pavlohrad and Kryvyi Rih. New outpatient, emergency and diagnostics departments will be opened.

Korrespondent reports that in the past year and a half, the frequency of law enforcement searches at companies in the IT sector has shot upward. Citing the trade association Digital Ukraine, the report states that security forces have raided various IT companies 50 times in the past 18 months. Reportedly, none of these 50 visit resulted in court cases.

The Rada is considering legislation that would allow for online bill payment using various international electronic money exchange services, such as PayPal and Webmoney, as reported by Ain.ua. If the bill becomes law, banks won’t be the only institutions authorized to dispense electronic money. People would be able to use electronic monetary options to pay for goods, services and even taxes.

Ukraine has banned fowl imports from two European Union countries, Bulgaria and Hungary, Ekonomicheskaya Pravda and others reported. The ban was imposed because there have been cases of a highly virulent flu and Newcastle disease.

International headhunting firm Boyden Global Executive Search will enter the Ukrainian market, according to a report in Delo. The report states that the company will issue a news release Dec. 5 to make the announcement official.

Ukrainians doubled their consumption of red caviar so far this year, to the tune of $10 million, Ekonomicheskaya Pravda reported. The statistic was provided by the Ukrainian Fish and Seafood Importers Association in response to a query by Ukrainskie Novosti.

Liga reported that Australian company Hawkley Oil and Gas completed a sale of its Ukrainian assets to Tomeas Assets Ltd. The deal, which has been in the works since February, amounts to $1 million.

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