| 
In 1708 Peter the first, who stayed in the neighboring Voronezh
village, gave an order to organize a point for saltpetre collecting here
for the gun power plants of Russia. This determined a destiny of a region.
In 1739 gun powder plant was built according to the order of tsar’s senate
near the mill.
Need in gun powder increased from year to year, particularly during the
period of Russian-Turkish War and then during the period of the Patriotic
War 1812. Workers of the plant received an acknowledgement in person of
Kutuzov for the regular supply of the Russian Army.
During the period of the Crimean War the production volume
of the gun-powder increased 6 times. The town became a powerful industrial
center. They began to deliver saltpeter for production needs from 19 towns
and villages of the left-bank Ukraine.
In 1848 a percussion plant (now state plant “Impuls”) manufactured it’s
first product.
Building of cine and film factory in 1931 determined the future development
of Shostka (joint-stock company “Svema” now). Chemical-technologic institute
was organized for preparation of the personal. Building construction and
social sphere began to develop quickly.
The leading enterprises are: joint
stock company”Shostka milk processing plant”, state plants “Zvezda”, “Impuls”,
joint stock company “Shostka chemical reactants”, joint stock company
“Polesye” (former meat-packing complex), joint stock company “Shostka
bread baking complex”.Small and averaged business received a high rate
of development.
In sphere of small business in town
works over 300 enterprises, including 35 - industrial, 3 - processing
agricultural products, 13 - building, 183 - engaged as trade and public
catering, 7 - carry out operations with the real estate. In small enterprises
it is occupied about thousand person. Besides with private business it
is occupied about 1,5 thousand businessmen - physical persons that makes
9 % from an aggregate number working in all branches of economy of town.
The majority of the town enterprises have wide perspectives for future
development, they are interesting for investors and have big export opportunities,
they have their own investment projects, developed in accordance with
best international standards.

Power- and a heat supply of town provide two thermal power
stations with the established capacity of generators 132 ÌWatt. The main
type of fuel is gas, reserve fuel - black oil. Besides on distance of
12 kms from Shostka there passes a high-voltage line 330 êV from the Kursk
atomic power station. In settlement Voronezh there is a substation 330/110
êV which feeds on two high-voltage lines thermal power station of Shostka,
that enables a direct communication of power supply systems of Ukraine
and Russia. Presence of own thermal power station and a direct communication
with a power supply system of Russia provides guaranteed power supply
of any object of town.

|
The beaty of the land, where the town of Shostka is situated,
attracts people for a long time. There were discovered settlements near
the town dated by the late paleolithic period, around 15 thousand years.
Settlements of early Slavs were also discovered on the territory of
the town.
This area began it’s evolution from Kievan Russia times, so that the
town was situated 20 km from Novgorod-Severskiy, an administrative center
of Severskiy principality.
In the 16 - 17 century migrants from behind the Dniper began to settle
here, because they connected their prosperity with the fertile land,
lakes rich in fish and forests rich in fur – bearing animals. Lokotkey
village takes it’s origin from that time, the citizens of this village
were at the cradle of our town, and now Lokotkey is a part of the town.
A peasant of Lokotkey, who had built the water mill on the river of
Shostka, at the place of it’s falling into the beautiful Desna, was
a founder of the town. They milled a saltpetre and wood coil here and
local peasants produced and sold a gun – powder.
The citizens of Shostka made an important contribution
to the victory over the fascists during the Great Patriotic War. Four
thousand of our fellow country-man were awarded with orders and medals,
five citizens were given the name of the Hero of the Soviet Union. Kozhedub
was given this rank three times.
Today Shostka is the modern, comfortable city of regional
submission, an administrative centre of area. It is located in 209 kms
on the north from the regional center, in a picturesque zone of the
Ukrainian Polesye. Territory 35,5 sq. km. The population - 89,2 thousand
person. In territory of town there are enterprises of various branches,
including 2 - the chemical industry, 3 - mechanical engineering and
metal working, 4 - the food-processing industry and others.
Export opportunities of the town can be characterized
as a long-term opportunities. During the period of 2002 the enterprises
of the town of all types of ownership exported the goods for the total
amount of 15305,85 thousand US dollars, import including 629,04 thousand
US dollars. For the period of 2003 the expected value of export is 14042
thousand US dollars and import is 7419 thousand dollars.
Rather developed market infrastructure provides functions
of economy of the town and it’s social sphere. It includes 8 branches
of commercial banks, 2insurance companies, 2 advertising companies,
1 product exchange, 1 auditor company, 1 business center.
Provision of town water
resources is carried out from artesian chinks, the industrial enterprises
are supplied basically due to use of waters of the river Desna and submission
on water magistral Spolnoe - Shostka. On the average on water- cube
moves about 7000 ñubic meter of water per year, that completely provides
needs of city for technical water. The centralized system of external
water supply covers more than 97 % of consumers and includes 35 underground
water-fences, 4 pump stations, about 160 kms of pipelines. All microdistricts
of town have the centralized water drain. The city on 93,5 % use natural
gas, gas moves on two independent gas mains. All large industrial enterprises
use gas.
|
Town is situated near the main transport highway and railway stations.
On distance of 40 kms from Shostka there passes a highway Kiev - Moscow,
and in 12 kms - the railway of a direction Kiev (290 kms) - Moscow (600
kms).
Shostka has a rich mass media market including printing and electronics
facilities, that are engaged not only in the town but have a regional
influence on the North of Sumy region and carry out marketing and advertising.
Shostka has always been a big cultural center of the mentioned area.
The life and activity of such prominent figures as: Ushinskiy, Maksimovich,
Gerbel, Vovchok, Kulish, Savchenko, Chechulin are connected with Shostka.
Such sporstsmen as Sorocalet Vasilyev, Podsosniy, Zubrilova, Grigoriev
brought glory to Shostka.
Shostka has entered 21 century with a hope for a positive changes, this
confidence is based on a long-term potential of resources and possibilities,
that are guaranteed by a special mode of investment activities, established
by the President of Ukraine from the 1 of January 2001 for a period
of 30 years and not long ago approved by the Law of Ukraine concerning
special mode of investment activities on the territory of Shostka town
and Sumy region.
The special mode of investment activity established for town, enters
tax and customs privileges for the subjects of enterprise activity registered
in territory of the town of Shostka who realize in territory of town
in accordance with contracts with executive committee in priority kinds
of economic activities investment projects in the budget cost equivalent
and not less: 500 thousand US dollars - in construction, processing
of waste products, manufacture of the electric power by thermal power
stations, manufacture and distribution of heat; above 1 million US dollars
- in manufacture of machines and the equipment, powder metallurgy, chemical
manufacture, oil refining. To subjects of a special mode of investment
activity the special legal regime is applied and privileges are given.
They are released{exempted}:
From payment for the period before delivery of object of investment
in operation, but no more than for five years, the import customs on
raw material, materials, the equipment, equipment and accessories to
them (except for underexcise goods) and the tax to the added cost -
the equipment, equipment and completing products to them (except for
underexcise goods);
For three years from the taxation of the profit received from realization
of investment projects, and with 4 for 6 year the taxation is carried
out under the rate of 50 % to the current rate of the taxation. This
norm is applied from the moment of reception of the first profit by
subjects of a special mode of investment activity in preferential territory.
The gross revenue of these subjects with the purpose of the taxation
does not include the received sum of investments as means, material
assets and non-material actives, including legalized on territory of
Ukraine copyrights, rights on the inventions useful to model, industrial
samples, signs for the goods and services, a know-how, etc. which cost
in convertible currency is confirmed according to laws (procedures)
of the state - the investor or the international trading customs, and
also an expert estimation in Ukraine;
From a payment for the ground during development of the ground area
(a lay-out of territory, arrangement of an infrastructure, etc.), certain
by the investment project, but no more than for 5 years.
City authorities are ready to give to potential investors any additional
information, consultations and to render all assistance in investment
activity in territory of town.
|