Business news from Ukraine

Business news from Ukraine

UKRAINIAN CANOEISTS WIN SILVER AT OLYMPICS

Ukrainian canoeists Liudmyla Luzan and Anastasia Chetverikova took second place in pair canoeing among women’s duets at a distance of 500 meters at the Olympic Games in Tokyo, the National Olympic Committee of Ukraine has reported.
“An incredible start to the 15th day of competition at the Tokyo Olympic Games 2020! Ukrainian canoeists Liudmyla Luzan and Anastasia Chetverikova are Olympic silver medalists!”
This is the second medal for Luzan. She had previously won a bronze medal in single canoe rowing.

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FOUR INSURANCE COMPANIES LEAVE UKRAINE IN JULY

The National Bank of Ukraine in July 2021 excluded four insurance companies from the state register of financial organizations, reducing their total number to 177, according to the central bank’s website.
Currently, 160 non-life insurers (there were 162) and 17 life insurance companies (there were 19) and 61 insurance brokers operate in Ukraine.
As reported, the committee on supervision and regulation of the non-bank financial services markets of the National Bank of Ukraine at a meeting on July 23 excluded PrJSC D-LIFE (Poltava) from the state register of financial organizations and on July 9 excluded PrJSC Alliance-Garant insurance company (Vyshgorod, Kyiv region), PrJSC Tekom-Life (Odesa) and PrJSC Capital-Insurance (Brovary, Kyiv region).
The decision was made according to the companies’ requests.

WINDROSE AIRLINES INTRODUCING DISCOUNT SYSTEM DUE TO CELEBRATION OF 30TH ANNIVERSARY OF INDEPENDENCE

WINDROSE Airlines congratulates all Ukrainians on Independence Day! Let’s unite!
1. Travel with WINDROSE on August 24 with a 30% discount on tickets to any destination and any tariff.
The offer is valid for one day only (24.08) for all domestic flights operated on that date. Tickets are on sale now. When booking a ticket, use the promo code: NEZALEZHNIST
2. Some 3,000 tickets at a price of UAH 300.
Hurry up to buy tickets worth UAH 300 for any WINDROSE flight within Ukraine. The offer is valid for STANDARD fare for flights operated from August 24 to September 23 and only if tickets are available. When booking a ticket, use the promo code: NEZALEZHNOSTI30
Another offer from WINDROSE Airlines – 300 free tickets for families whose relatives died in the ATO.
For registration, please contact: 30rokiv@windrose.kiev.ua
* The offer with the promotional code is valid only when buying tickets on the company’s website: windrose.aero (https://windrose.aero/)

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 06/08/21

National bank of Ukraine’s official rates as of 06/08/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 06

Official rates of banking metals from national bank as of August 06

One troy ounce=31.10 grams

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RENTAL RATES FOR RETAIL PREMISES IN UKRAINE FALL BY 10% IN H1

In the first half of 2021, in the commercial real estate market of Ukraine, there was a decrease in rental rates for office premises by an average of 0.8%, for retail space – by 10%, at the same time, rent of warehouse premises grew by an average of 3.1%, Director General of the group of companies Uvecon Volodymyr Shalaev has told Interfax-Ukraine.
“Social and economic uncertainty, as well as uncertainty with the further course of the pandemic left their mark on the situation on the commercial real estate market. Prices jumped or sank from one month to another, but one could trace the general trend towards a moderate increase in prices after the next dive,” he said.
As for the facilities put up for sale, in H1 2021 all over the country, offices have risen in price by an average of 8.4%, the cost of premises for retail has decreased by 7.5%, the cost of warehouse premises has increased in price by 8.6%.
Based on the research of Uvecon, the expert said that in the country as a whole H1 2021 there was a decrease in the prices of both rent and sales of retail and office real estate, but in the largest cities the dynamics was somewhat different.
According to Shalaev, the cost of retail space in Kyiv has remained almost unchanged: the rise in prices is an average of 0.4%, to $2,381.4 per square meter, rent increased by 1.3%, to $24 per square meter.
In Dnipro, retail space has risen in price by an average of 7.3% to $1,051.4 per square meter, rent has increased in price by 7% to $15.2 per square meter.
In Odesa, Kharkiv and Lviv, there was a decrease in the value of retail real estate by 24.6% (to $1,184.2 per square meter), 9.5% (to $1,050.3 per square meter) and 6.7% (to $1,464 per square meter) respectively.
At the same time, the average rental rates for retail premises grew in Odesa (by 22.8% to $18.3 per square meter) and in Lviv (by 1.7% to $17.6 per square meter), and in Kharkiv decreased by 8.1% to $15.9 per square meter.
Office real estate grew in major cities, both for sale and for lease, demonstrating a recovery in economic activity.
In Kyiv, in H1 2021, the cost of offices increased by an average of 18.4% to $2,269.5 per square meter, rent increased by 13.3% to $18.7 per square meter.
In Lviv, there was the most significant increase in average selling prices – by 28.7%, to $1,209.9 per square meter, rent rose by 8.1%, to $9.3 per square meter.
In Odesa, the price increase was 13%, to $1,162.8 per square meter, rent increased slightly – 2.8%, to $11 per square meter.
In Kharkiv, the average prices for office space rose by 15.4%, to $1,016.1 per square meter, rent increased by 9%, to $9.7 per square meter, in Dnipro – sale by 13.9%, to $962.9 per square meter, rent – by 3.6%, to $8.7 per square meter.
Shalaev drew attention to the fact that the largest price hike was in the segment of warehouse premises. So, according to him, warehouses in Lviv grew most of all – by 39.6%, to $342.7 per square meter, and rental rates grew by 10.5%, to $4.2 per square meter.
In Kyiv, warehouse real estate grew in price by 30.8%, to $552.7 per square meter, rental rates increased by 8.3%, to $5.2 per square meter, in Dnipro – an increase of 29.5%, to $186.8 per square meter, rent increased by 26.9%, to $3.3 per square meter.
“In Kharkiv, the growth in prices for warehouses was more moderate and in the first six months of this year amounted to only 6.7%, to $204.9 per square meter. Rent increased by 24.1%, to $3.6 per square meter. In Odesa, the cost of this property remained unchanged at $229.6 per square meter, and the rent increased by 8.8%, to $3.7 per square meter,” the expert said.

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