The international developer Immochan, which is part of the French holding Auchan, changes its name to Ceetrus within the framework of rebranding, and from September 2018 Immochan Ukraine LLC will operate in Ukraine under the brand Ceetrus Ukraine. “On June 5, 2018 the international developer Immochan changes its name to Ceetrus. The new name reflects the evolution of the company from a commercial real estate developer to a multi-direction real estate developer,” the press service of Immochan Ukraine reported.
The process of rebranding in Ukraine will last until September, after which the company will operate under the new name. Ceetrus Ukraine will be the legal successor of Immochan Ukraine on all previously signed contracts. The address of the company and the responsible persons will remain unchanged.
“Having 393 shopping centers around the world, Ceetrus began its activity in a strong partnership with the citizens and territories of residential areas, combining retail, housing, offices and urban infrastructure. With the creation of sustainable, smart and living spaces, Ceetrus’ mission is to create and develop social ties that inspire life in the city of tomorrow – “With Citizens for Citizens”,” the report says.
Immochan Ukraine LLC was founded in 2007. Its core business is leasing own or rented property.
Amadeus, the supplier of IT solutions for tourism and travel industry, has opened the shared Eastern European center in Kyiv for support Russian-speaking users of the countries where the company is present. “The new center is the largest support center for Amadeus customers in Europe and it is divided into two parts: functional and technical support. The call center handles about 220-250 phone calls a day, not counting written applications,” the company said.
Employees of the center help to resolve the issues of agents regarding selling and booking services that work with the products and solutions of Amadeus.
The Eastern European Amadeus User Support Center is open 14 hours a day from Monday to Saturday.
Аmadeus is one of the leading operators of transactions for global tourism and travel industry. It offers tools for processing transactions and technological solutions for suppliers of travel services and for travel agencies (online and offline).
Japan is ready in the future to provide Ukraine with loans for the implementation of projects for generating electricity from waste, Japanese Ambassador to Ukraine Shigeki Sumi has said.
“Japan is very interested in having a system through which energy will be generated from waste,” Sumi said at the conference “New Waste Management Policy is a Way to a Circular Economy” dedicated to the implementation of the National Waste Treatment Strategy until 2030 in Kyiv.
He noted that last year Japan International Cooperation Agency (JICA) developed a program for Ukraine and at the moment Japanese experts have visited three cities (including Kharkiv and Kyiv), where they conduct research for the possible further financing of relevant projects.
“In the future, the Japanese government will be ready to issue loans to the government of Ukraine to implement such a system for generating electricity from waste,” Sumi stressed.
As reported, in May JICA proposed Kyiv City State Administration to assess the potential of landfill No. 5 in the village of Pidhirtsi (Kyiv region) for energy production.
The European Investment Bank (EIB) is considering the issue of a credit line of EUR 50 million to help Ukrzaliznytsia and Ukravtodor eliminate bottlenecks in European transport networks. According to the bank, the matter concerns projects of small transport infrastructure in volume of up to EUR 20 million.
The investments are intended to improve interaction within the framework of the Eastern Neighborhood and provide substantial support for small-scale but locally significant projects. It is also expected that such financing will improve traffic safety.
The EIB document states that the total cost of this framework project is approximately EUR 110 million, but other sources of co-financing are not specified.
Ukraine’s forex reserves in May 2018 narrowed by 1.6%, reaching $18.12 million as of June 1, 2018, the National Bank of Ukraine (NBU) has published the preliminary data on its website. The central bank said that the reduction of the forex reserves is linked to payments on state debt. “Some $455.1 million was paid to the International Monetary Fund (IMF), $214.4 million to service and pay the government’s debt in foreign currency, including $126.2 million on government domestic loan bonds and $18.5 million on sovereign bonds,” the NBU said.
The main source of expanding the reserves in May was the purchase of foreign currency in the interbank market. According to the NBU, high prices for Ukrainian exports (metals, ore and grain) contributed to stable currency inflows, as well as an increase in the supply from banks, which the central bank expanded from the beginning of April to conduct its own operations with foreign currency on the interbank market.
In general, the National Bank in May bought out $181.2 million in the interbank market. All purchases were made in the form of interventions at the best rate.
In addition, last month, the reserves received $272.3 million and EUR 64.6 million from the placement of government domestic loan bonds denominated in foreign currency by the government.
The volume of reserves was also affected by the revaluation of financial tools (change in market value and the exchange rate of the hryvnia against foreign currencies) by $162.3 million.
In general, as of June 1, 2018, the volume of international reserves covers 3.2 months of future imports and it is sufficient to fulfill Ukraine’s obligations and current operations of the government and the National Bank.
The share of U.S. dollars of Ukraine’s forex reserves by late 2017 was 71%, the National Bank of Ukraine (NBU) has said in an annual report for 2017.
“The National Bank, like most central banks in the world, preferred investing reserves in U.S. Treasury bonds. The foreign exchange structure of forex reserves by the end of the year was as follows: 71% – U.S. dollar, 12% – euros, 4% – Chinese yuan, 3% – British pound sterling, 6% – gold, 4% – other currencies,” the NBU said in the report.
In addition, according to the NBU report, in the structure of forex reserves in terms of tools 78% accounted for bonds, 16% – for funds in banks, and 6% – for gold, including 53% of bonds in the structure of reserves were public, 40% – quasi-public, 7% – of issuers of the financial sector.