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"continue the European railway to Klaipeda and improve international logistics connections across the Polish-Ukrainian border." Sarapinas also said that Ukrainian supermarket chain Novus, which is part of the Lithuanian investment group BT Invest, plans to open a single logistics center in 2024 with a total area that will almost double that of the seven existing distribution centers. The new center will allow products to be stored in 18 temperature zones.
An international company invests €20M in a factory to produce consumer goods. As reported by the Kyiv administration, the international company Unilever has started constructing a new factory in the Bila Tserkva industrial park in the Kyiv region. The factory will produce personal hygiene products, shampoos, and shower gels, mainly aimed at the Ukrainian market. Potentially, the company will produce products for other European markets as well. It is reported that the total area of the plot being developed is 4.2 hectares. The enterprise’s production capacity is more than 5,000 tons per year. The construction of the factory is planned to be completed at the end of 2024. The new factory will create almost 100 new jobs. The regional administration emphasizes that the location for the factory was not chosen by chance, as the industrial park has all the necessary communications and road infrastructure.
A German entrepreneur buys an amber deposit in the Rivne region, and Concorde Capital purchases a limestone deposit in the Dnipropetrovsk region. A license to mine amber at the Kryuchkova site, with an area of almost 40 hectares in the Rivne region, was sold at auction for ₴3.48M ($92,000). The auction winner was a Kyiv company; the ultimate beneficiaries were German citizen Mark Klopfel and Ukrainian citizen Dmytro Ugro. The license is issued for ten years and grants the right to conduct a geological study of the amber deposit, research, and industrial development with subsequent extraction. Klopfel is actively entering the Ukrainian market and positions himself as a specialist in business development in international markets, investing in Western Europe. Also, the Maryansky Quarry belonging to businessmen Igor Mazepa (Concorde Capital) and Vitaliy Antonov (Galnaftogaz, OKKO), who own the Kryvyi Rig Cement plant, bought for ₴58.25M ($1.5M) a 20-year permit for the use of subsoil in order to extract limestone at the Maryansk deposit in the Dnipropetrovsk region.
6.0 Public Sector 6.1 Budget
6.1.1 Budget dynamics - results
The international financial aid deficit next year may reach $15B. As Deputy Chairman of the Finance Committee Yaroslav Zheleznyak said, the lack of financial aid from international partners next year may amount to $10-15B, and the hidden additional state budget deficit this year amounts to ₴300-400B without considering additional mobilization. "I mentioned this so that we all have a clear understanding that business support this year is a condition for survival next year," he said. In the fall of 2023, the Ukrainian Parliament adopted the state budget for 2024 with a deficit of ₴1.57T, or 20.6% of the projected GDP. Total revenue in the 2024 state budget was set at ₴1.77T (without considering possible grant aid), and expenses were set at ₴3.36T at
48 UKRAINE Country Report April 2024 www.intellinews.com