Business news from Ukraine


Coal Energy S.A. (Luxembourg) with assets in Ukraine in June 2018 increased coal production by 16.2% (by 1,698 tonnes) compared to the same period in 2017, to 12,150 tonnes, the company said on the Warsaw Stock Exchange.
Compared to the previous month, production increased by 1.4% (by 171 tonnes), the report says.
Coal Energy unites ten coal mines, rock dumps processing facilities and objects for enrichment. The company’s business was significantly affected by hostilities in Donbas.

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Atlasjet Ukraine (the AtlasGlobal brand) will begin flights from Odesa International Airport on the route Istanbul-Odesa-Istanbul from November 1, the airport press service has reported.
Such a decision is dictated by operational reasons, the company told Interfax-Ukraine.
“The company continues to work, but in the summer season it will carry out only the charter program,” the source added.
At the first stage, flights will be operated four times a week on Mondays, Thursdays, Fridays and Sundays. The journey takes one hour and 40 minutes.
All flights will be operated by Airbus 320 aircraft with eight business class seats and 156 economy class seats.
As reported, on April 24 Atlasjet Ukraine suspended the scheduled flights to Istanbul from Ukrainian cities.
Atlasjet Ukraine was registered in Ukraine on September 13, 2013, and on April 2, 2014 it received a license from the State Aviation Service of Ukraine to carry out regular passenger flights.
The company carried out regular flights, in particular, from Lviv, Kharkiv and Zaporizhia to Istanbul from September 2015. It uses the AtlasGlobal trademark for provision of services in Ukraine.

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The maximum rental rates in shopping centers in Kyiv in the second quarter of 2018 grew by 12% and exceeded $95 per square meter a month, which is comparable to the rent rates in the pre-crisis period of 2010-2013, the press service of Jones Lang LaSalle consulting company (JLL) in Ukraine has said. “The maximum rental rates have almost reached the pre-crisis level of 2010-2013. The significant increase is due to a limited supply. New brands are trying to open their stores in the most successful facilities, however, it is not easy to find necessary space in such shopping centers,” JLL Retail Space Department Manager Yekateryna Vesna said.
According to JLL, four new international brands (Turkish Koton and DeFacto, Spanish Zara Home, Swedish Livly) entered the Kyiv market during this period, while a number of operators expanded their network (Under Armor, Lush, L’Occitane, Reserved). At the same time, with such an increase in demand, the new supply amounted to only 15,000 square meters (the Smart Plaza Polytech shopping center).
The share of vacant space in the second quarter decreased by 0.3 percentage points in comparison with the first quarter, to 4.2%. According to the forecast of JLL analysts, in the second half of the year the vacancy will continue to decrease and by the end of the year will reach 3.5%. Jones Lang LaSalle provides financial and comprehensive professional services in the field of real estate.



Ukrainian metallurgical enterprises intend to keep steel smelting in August 2018 at the level of planned indicators of July, at 1.8 million tonnes. According to the Ukrmetalurgprom association, the plan for August also provides for the preservation of total rolled steel production at the level of 1.6 million tonnes and keeping pig iron smelting at the level of 1.8 million tonnes.
According to its data, in June cast iron production totaled 1.63 million tonnes (103% compared to May 2018), steel production was 1.71 million tonnes (101%), that of rolled products some 1.52 million tonnes (98%).
In January-June 2018 production of iron ore concentrate stood at 30.22 million tonnes (99.5% compared to the same period in 2017), agglomerate at 15.43 million tonnes (106%), pellets at 10.63 million tonnes (109%), coke at 5.37 million tonnes (106%), pig iron at 10.15 million tonnes (108% taking into account the work of enterprises in the temporarily uncontrolled area and 114% without taking them into account), steel at 10.39 million tonnes (101% and 106% respectively), rolled products at 9.25 million tonnes (105% and 110% respectively), and pipes at 544,000 tonnes (109%).
“Despite the loss of part of the capacity in the uncontrolled territory, an increase in production of main types of goods was observed in the six months of 2018 compared to the same period in 2017. This became possible due to stabilizing the supply of iron ore raw materials and coke to the enterprises, as well as commissioning blast furnace No. 3 at Zaporizhstal after reconstruction,” the report says.



Sushiya LLC, developing the eponymous sushi bar chain in Ukraine, together with other brands of USG Holding is developing pilot projects of new restaurants of Japanese and Pan-Asian cuisine in Ukraine. “We are trying to make several prototypes with our co-brands. They will be pilot projects, not Sushiya. We have ideas that we are striving to realize in Ukraine: it is another target audience, another product. We believe that the market is ready for it. It is very likely that this year these prototypes will be opened,” Anton Khodysko, the CEO of the Sushiya restaurant chain, told Interfax-Ukraine.
He did not specify the names of the pilot restaurants, but noted that “it will be Japanese and Pan-Asian cuisine in the form that is non-traditional for Sushiya.”
“At the early stage of investing, we will do everything ourselves, without involving partners. If the projects are successful, perhaps, we will offer some of them for franchise not only in Ukraine,” he noted.
According to him, in three years it is planned to reformat all restaurants of the Sushiya network. Having negative experience of opening restaurants on franchise, at present the company is not developing a franchise direction.
The Sushiya chain of restaurants of modern Japanese cuisine was founded in 2006 and has 38 restaurants in 13 cities of Ukraine: Kyiv, Boryspil, Vinnytsia, Dnipro, Zaporizhia, Lutsk, Lviv, Odesa, Poltava, Sumy, Kharkiv, Cherkasy, and Chernivtsi. In 2017 the network served more than 350,000 guests.