Prime Minister Groysman warned: “Any step in the populistic direction will cost the Ukrainian people dearly.” Prime Minister Groysman warned: “Any step in the populistic direction will cost the Ukrainian people dearly.” He said EU countries could afford such experiments because they have decades of democracy ...
The overall vacancy rate at Kyiv shopping centers fell to 3.7% at the end of last year The overall vacancy rate at Kyiv shopping centers fell to 3.7% at the end of last year, Jones Lang LaSalle reports. This is down from 5.6% at the start of 2018. Annual store rents rose to $1,140 per s...
Ukrainians are among the world’s fastest adopters of contactless, cashless payments systems, Ukrainians are among the world’s fastest adopters of contactless, cashless payments systems, Inga Andreeva, general director of Mastercard Europe SA, tells reporters. Last year, Ukraine registered the...
With 38% of Ukrainians businesses accepting cashless payments, there is room to grow. The EU average is 60%, Mastercard says. With 38% of Ukrainians businesses accepting cashless payments, there is room to grow. The EU average is 60%, Mastercard says. Some businesses resist going to credit cards and contactless because it me...
The shadow economy accounted for 32% of the official GDP The shadow economy accounted for 32% of the official GDP during the first nine months of last year, the Economic Development and Trade ministry reports. This is 1% point below the level for the same p...
PrivatBank customers can now receive cash from their accounts when they make a bank card or Mastercard purchase at a WOG gas station PrivatBank customers can now receive cash from their accounts when they make a bank card or Mastercard purchase at a WOG gas station. Cutting the need to find an ATM, customers can receive up to UAH 5...
Foxtrot plans to double online sales this year, to 20% Foxtrot plans to double online sales this year, to 20%, Valery Makovetsky, chair of the supervisory board of home appliances and electronics chain, tells Interfax-Ukraine. In traditional bricks and mo...
Danish furniture retailer JYSK plans this year “to dynamically expand the network in different regions of Ukraine,” Danish furniture retailer JYSK plans this year “to dynamically expand the network in different regions of Ukraine,” Yevhen Ivanytsia, JYSK Ukraine director. tells Interfax-Ukraine. Last year, JYSK exp...
Novus, the supermarket chain, opened five supermarkets and a 7,000 square meter warehouse last year in Kyiv Novus, the supermarket chain, opened five supermarkets and a 7,000 square meter warehouse last year in Kyiv, the retailer reports. Founded a decade ago, Novus now has 43 stores, 34 of them in Kyiv and...
ATB, the discount shop chain, plans to keep expanding this year, after opening 80 new stores and rebuilding 41 more last year ATB, the discount shop chain, plans to keep expanding this year, after opening 80 new stores and rebuilding 41 more last year, the Dnipro-based company reports. With 990 outlets, there are ATB stories...
Brocard intends to open 5-7 new perfume and cosmetics stores this year in Ukraine, increasing its network to nearly 100 Brocard intends to open 5-7 new perfume and cosmetics stores this year in Ukraine, increasing its network to nearly 100, Brocard-Ukraine LLC tells Interfax-Ukraine. Three stores – for Dnipro, Kharkiv,...
Owners of one of Ukraine’s largest restaurant groups plan to open 200 new restaurants by 2021, largely in Ukraine Owners of one of Ukraine’s largest restaurant groups plan to open 200 new restaurants by 2021, largely in Ukraine, Oksana Serediuk, co-owner of the chain, tells Interfax-Ukraine. Serediuk and her husb...
Six new shopping centers, containing a record 400,000 square meters of rentable space, are to open in Kyiv this year Six new shopping centers, containing a record 400,000 square meters of rentable space, are to open in Kyiv this year, according to the Ukraine Retail Center. This would be eight times the new leasable...
Dmytro Borysov, the Kyiv restaurant entrepreneur, plans to open 100 ‘fast casual’ restaurants in Kyiv this year Dmytro Borysov, the Kyiv restaurant entrepreneur, plans to open 100 ‘fast casual’ restaurants in Kyiv this year, he tells the Kyiv Post. According to his surveys, 70-80% of Kyiv residents eating out w...
By June, these Kyiv shopping entertainment centers are to open By June, these Kyiv shopping entertainment centers are to open: Smart Plaza Obolon – 10,000 sq.m; Oasis, Heroes of the Dnipro metro station – 13,200 sq.m; Blockbuster Mall, Stephan Bandera Ave. —...
Coca-Cola has launched a €10.5 million production line in Brovary, Kyiv region Coca-Cola has launched a €10.5 million production line in Brovary, Kyiv region. Capable of bottling 40,000 bottles an hour, the line expands the Brovary plant capacity to 100 million cases a year.
By September, two more are to open: By September, two more are to open: Ocean Mall, next to Ocean Plaza, Lybidska Metro station — 100,000 sq. m.; and Retroville, on Pravda Ave. — 80 718 sq. m.
Ukrainians spend 44% of their income on food and non-alcoholic beverages Ukrainians spend 44% of their income on food and non-alcoholic beverages, according to the latest household survey conducted by the State Statistical Survey. The average household cash income during t...
Lack of easily available seismic data is a big obstacle facing foreign investor in Ukraine’s 42 oil and gas blocks up for auction Lack of easily available seismic data is a big obstacle facing foreign investor in Ukraine’s 42 oil and gas blocks up for auction this year, warns the Petroleum Economist. “While efforts have been mad...
Headlined “Ukraine opens arms to upstream investors,” Headlined “Ukraine opens arms to upstream investors,” the article approvingly notes free market changes in Ukraine’s energy laws, the work here of international gas traders, and the nation’s vast gas ...
Copying Kyiv’s UNIT.City, the UFuture Investment Group plans to open similar IT hubs in Lviv and Kharkiv this year and in Kazakhstan next year Copying Kyiv’s UNIT.City, the UFuture Investment Group plans to open similar IT hubs in Lviv and Kharkiv this year and in Kazakhstan next year. By December, Lviv Tech.City is to open with 9,500 square...
Privat24 Internet customers bought $1.4 million online and sold $400,000 Privat24 Internet customers bought $1.4 million online and sold $400,000 on Thursday, the first day of the new foreign exchange rules. Similarly, they bought €245,000 and sold €131,000, Maria Strashko...
Business complaints –largely over tax audits and corporate raiding — spiked up 39% in the last quarter of 2018, to 427 Business complaints –largely over tax audits and corporate raiding — spiked up 39% in the last quarter of 2018, to 427, reports Ombudsman Algirdas Shemeta. Of the complaints, 63% were over taxes...
For investors, an online blacklist of people convicted of corruption and of companies fined for corruption For investors, an online blacklist of people convicted of corruption and of companies fined for corruption has been created by Ukraine’s National Agency on Corruption Prevention. Individuals and...
After four years of losses, Ukraine’s banks collectively earned a profit last year — $775 million. After four years of losses, Ukraine’s banks collectively earned a profit last year — $775 million. In 2016, the banks lost $1 billion. Part of the profits came from the expansion of retail lendi...
Foreign direct investment totaled $2.5 billion last year Foreign direct investment totaled $2.5 billion last year, reports the National Bank of Ukraine. About $1.5 billion of the total went into the real sector. For an economy the size of Ukraine’s — ...
Mini-privatizations – the sale of state properties under $9 million – is on track, with auctions selling 187 properties in January. Mini-privatizations – the sale of state properties under $9 million – is on track, with auctions selling 187 properties in January. During the rest of 2019, 605 more properties are to go on sale, repo...
Since September, rents for 301 state-owned plots of farmland have been set through electronic auction Since September, rents for 301 state-owned plots of farmland have been set through electronic auction, reports the Justice Ministry. Using Blockchain technology, OpenMarketLand has been the electronic...
As fewer and fewer farm households keep cows, purchases of fresh milk from households dropped 12% last year As fewer and fewer farm households keep cows, purchases of fresh milk from households dropped 12% last year, reports the State Statistics Service. By contrast, processors purchased 1.2% more milk from...
With diesel bans spreading through Germany cities, 71% of the 51,500 used cars registered in Ukraine last month were diesels With diesel bans spreading through Germany cities, 71% of the 51,500 used cars registered in Ukraine last month were diesels. Volkswagen, Opel, Audi and BMW accounted for about half of the imported us...
American, Canadian, Australian and Argentine farmers: watch out! American, Canadian, Australian and Argentine farmers: watch out! ProAg, a Texas-based news site warns in article titled: “How Russia and Ukraine Took Over the Wheat Market.” Noting that Russia and Ukr...
Black Sea exporters have a transportation advantage for about one third of the world’s wheat imports Black Sea exporters have a transportation advantage for about one third of the world’s wheat imports – North Africa and Middle East. Accounting for 16% of world wheat imports, North Africa included th...
After a decade long drought in high rise construction starts in Kyiv, a Ukrainian group wants to build a 100-meter tall hotel and office complex After a decade long drought in high rise construction starts in Kyiv, a Ukrainian group wants to build a 100-meter tall hotel and office complex at 107-109 Velyka Vasilkivska, facing the Palace of Ukr...
EpiCentre K, Ukraine’s version of Home Depot, is investing $107 million in creating Ukraine’s largest ceramic tile manufacturing capacity, EpiCentre K, Ukraine’s version of Home Depot, is investing $107 million in creating Ukraine’s largest ceramic tile manufacturing capacity, Oleksandr Hereha, the company founder, tells reporters. This ...
Kyiv Boryspil’s 19.4% passenger growth rate last year was the highest of any European airport of its class, 10 to 25 million passengers. Kyiv Boryspil’s 19.4% passenger growth rate last year was the highest of any European airport of its class, 10 to 25 million passengers. According to Airports Council International Europe, runners up ...
Lviv plans to increase air passenger traffic by 38% this year, to 2.2 million people Lviv plans to increase air passenger traffic by 38% this year, to 2.2 million people, airport director Tatiana Romanovskaya tells reporters in Kyiv. After boosting traffic by 48% last year, Romanovska...
Odesa’s new runway will be completed by the end of this year Odesa’s new runway will be completed by the end of this year, Infrastructure Minister Volodymyr Omelyan, tells reporters, noting this year’s spending will be $27 million. With two European discount ai...
This summer, Vinnytsia starts a two-year, $78 million rebuild This summer, Vinnytsia starts a two-year, $78 million rebuild designed to make the central Ukraine airport capable of handling Boeing 767s. Resurfacing the runway and installing new lighting are part ...
Not to be left out, Not to be left out, Poltava, Ukraine’s 14th busiest airport, is transferring its runway to the Infrastructure Ministry. Located roughly between Kharkiv and Dnipro, Poltava, population 300,000, needs $...
Albania, Greece, and Italy are targets for new, scheduled flights from Kyiv. Albania, Greece, and Italy are targets for new, scheduled flights from Kyiv. Italy’s Ernest Airlines plan to launch flights this summer from Kyiv Sikorsky to Tirana, Rome and Genoa. (On March 21, it s...
Helicopter service from Kyiv and Odesa to Ukraine’s the Black Sea and Carpathian mountain resorts Helicopter service from Kyiv and Odesa to Ukraine’s the Black Sea and Carpathian mountain resorts is the goal of an agreement signed last week between the Odesa regional government and a new group, In...
?Ukraine increased sunflower production last year by almost 16%, strengthening its lead over Russia as the world’s largest producer of sunflower oil. ?Ukraine increased sunflower production last year by almost 16%, strengthening its lead over Russia as the world’s largest producer of sunflower oil. Production increased to 14.2 million tons, accordi...
?Ukrainian commercial dairy farm success stories are highlighted in a Dutch government news site article, designed to drum up attendance at Dutch dairy presentations Feb. 19- ?Ukrainian commercial dairy farm success stories are highlighted in a Dutch government news site article, designed to drum up attendance at Dutch dairy presentations Feb. 19-20 at the Agro Vesna show ...
?Ukraine’s 42 sugar mills produced 15% less sugar during the fall 2018 sugar making season ?Ukraine’s 42 sugar mills produced 15% less sugar during the fall 2018 sugar making season than during the 2017 season, reports Ukrtsukor, the industry association. Due to low world sugar prices, 10% ...
?The EU may expand its Ukraine import quotas for beef, pork and poultry ?The EU may expand its Ukraine import quotas for beef, pork and poultry, Ukraine’s Agrarian Confederation reports, drawing on comments to the Rada Agricultural Committee by Christian Ben Hell, head of...
? ?Starting today, foreign currency exchange rules are liberalized in a package of laws drawn up under a guiding philosophy: “Everything that is not directly prohibited is allowed.”
? ?Most major banks will offer account holders the option to buy foreign currencies online, Oleh Churiy, deputy governor of the National Bank of Ukraine, predicted to reporters Wednesday. “Some already ...
