Ukraine’s largest unfinished building, the Respublika shopping center in southern Kyiv, is to be auctioned Dec. 13 by the Deposit Guarantee Fund
Tuesday, November 20, 2018

Ukraine’s largest unfinished building, the Respublika shopping center in southern Kyiv, is to be auctioned Dec. 13 by the Deposit Guarantee Fund

Ukraine’s largest unfinished building, the Respublika shopping center in southern Kyiv, is to be auctioned Dec. 13 by the Deposit Guarantee Fund, Focus magazine reports. The massive shopping center near Teremky Metro station, on Kyiv’s Ring Road, was collateral for loans of Dmitry Firtash’s now insolvent Nadra Bank. The National Bank of Ukraine stopped earlier sales, objecting to what the central bank called low sales prices. Noting that other major shopping centers subsequently opened on the Ring Road, Focus says delay leads to depreciation. It warns that the once grandiose project may have a future as ‘a large warehouse.’

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Ukraine will stop issuing visas at airports on Jan. 1.

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