Business news from Ukraine

Business news from Ukraine

THE LARGEST PLATFORM FOR TABLE TENNIS DEVELOPMENT IN UKRAINE THE SETKA CUP OPENS ITS FIRST LOCATION IN THE EU

Ukraine’s largest platform for table tennis development, the Setka Cup, has opened its first location in the European Union (EU). A new arena began to operate in Prague, the Czech Republic.
The international platform Setka Cup increased the number of table tennis arenas to 12 and reached 6,500 matches per month. Setka Cup tournaments are broadcast to 150 countries. All games are dynamic and last up to 30 minutes on average and are supported by live analytics. The total area of arenas in Prague, Kyiv, Dnipro, and Lviv is 3,487 sq. meters.
“Three years of intensive work in Ukraine provided us with the experience and potential to organize tournaments and support sport on an international level. Besides that, we constantly get inquiries from foreign sports communities about the Setka Cup brand’s presence in other countries. We’ve chosen the Czech Republic to start with because of the local table tennis community’s considerable interest. Still, we plan to continue to develop our platform on an international level”, Setka Cup tournaments organizers said.
The eponymous location in Prague will hold 4 table tennis tournaments every day. The participants are local players. The room’s infrastructure meets the up-to-date European standards, including professional lighting, ventilation and air-conditioning systems, comfortable conditions for the training and rest of athletes. Tournament organizers comply with local quarantine measures.
“The health of Setka Cup tournament players is our responsibility. We set up special rules for our players: our athletes don’t play more than three days in a row and can’t participate in more than one tournament per day. And, of course, we comply with quarantine measures,” Setka Cup organizers added.
“The opening of a location in Europe is a significant step for Setka Cup. It’s a new level, an increase in the number of arenas, more table tennis players. Also, it brings new opportunities for players, their professional development and experience sharing.”
Setka Cup is an international sports platform. Since 2018 Setka Cup organizes open non-commercial and commercial tournaments and supports tennis and table tennis development.
The platform created unique media channels, including Setka Cup TV, which cover sporting and educational events of table tennis. Setka Cup tournaments are famous in 150 countries.
Setka Cup:

Главная


https://www.facebook.com/setkacup
http://bit.ly/SETKACUP_YouTube

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CANADIAN INVESTOR TIU CANADA CHALLENGING JUDGES OF UKRAINIAN ECONOMIC COURT OF APPEALS IN ILLEGAL DISCONNECTION CASE AGAINST NFP

Solar energy producer TIU Canada has filed a statement seeking to disqualify three judges of Pivdenny economic court of appeals appointed to hear an illegal disconnection case against Nikopol Ferroalloy Plant (NFP).
“The challenge is intended to replace potentially biased judges with unbiased ones,” the company said in a press release circulated on Friday.
TIU Canada argued its distrust by the fact that judges Korsak, Popikova and Yevsikov, whose challenge the company is seeking, had previously ruled in favor of businessman Ihor Kolomoisky, who controls NFP, in the case against the state-owned PrivatBank, admitting that they would not be able to consider the case related to this enterprise without bias.
TIU Canada President Michael Yurkovich, quoted by the press service, finds it impossible to count on an impartial hearing when judges have a track record of ruling in favor of a U.S.-sanctioned oligarch.
As reported, the 10.5 MW solar power plant was disconnected from the power grid by NFP in March 2020. TIU Canada said that NFP took advantage of the fact that the SPP was connected to a substation located on its territory, and explained the need for disconnection by repair work. The shutdown caused the company in excess of EUR1.5 million losses, which continue to grow.
As a result, Ekotekhnik Nikopol LLC (TIU Canada) filed a claim against NFP with the Kyiv Economic Court. In the middle of February, the company said it would challenge a January 26 court ruling that rejected the company’s claims against NFP.

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FRENCH DECATHLON TO OPEN STORE IN ODESA

Decathlon Ukraine in June will open a store in the Riviera shopping center (Odesa) with an area of about 3,000 square meters, director general of the company Florent Guieu said in an interview with the Interfax-Ukraine agency.
“We are opening in the Riviera shopping and entertainment center in Odesa in June. There are about 3,000 square meters. Today it will be the largest store in the chain in Ukraine,” he said.
According to him, Decathlon Ukraine intends to open stores in all major cities. Locations in Lviv, Dnipro, Kharkiv, as well as two or three sites in the capital are being actively discussed. We are considering premises with an area of 2,000-3,000 square meters in locations with good transport links.
“Our requirements for the capital involve location not far from the metro. At the same time, we are extremely attentive to the quality of the project and the quality of the partner – our values must coincide,” Guieu explained.
According to him, at least two more Decathlon Ukraine stores will be opened next year. “But I will want to open all four. We also have many projects at the concept stage,” he added.

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OPEN4BUSINESS HELPS FOREIGN BUSINESSES TO SEARCH FOR OPPORTUNITIES AND EXPAND TO UKRAINIAN MARKET

Open4Business is a platform created to help foreign businesses to search for opportunities and expand to Ukrainian market.
The platform and related organizations provide a holistic set of services needed to successfully penetrate the Ukrainian starting from establishing foreign trade relations with local companies and up to establishing a subsidiary or acquiring a company in Ukraine.

You are welcome to contact:
info@open4business.com.ua
tel./fax: +38(067)970-52-59

The List of Main Services:
– Market information and market intelligence
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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 14/05/21

National bank of Ukraine’s official rates as of 14/05/21

Source: National Bank of Ukraine