Business news from Ukraine

Business news from Ukraine

MEDIEVAL COMBAT FEASIVAL «THE CALL OF HEROES»

On September, 19 and 20 in the «Kyivan Rus Park» the Medieval Combat Festival «The Call of Heroes» known worldwide will take place!
The best fighters of Ukraine will enter the Big tilting-yard and will lead full contact fights in knightly armor and with real medieval weapons!
Competitions will be held according to the rules of medieval combat, in the format of single fights “shield-sword” and group battles “5 х 5. The co-organizer of the competition is the Ukrainian Federation of Medieval Combat.
Sportsmen will put on heavy metal armors and show their prowess fighting with real medieval weapons made according to historical patterns. Those will not be staged battles, but real medieval battles!
Between the fights – an entertaining program, introducing the history and traditions of Kyivan Rus, horse shows, flash mobs and master-classes, contests and lotteries. And in the evening real delight and admiration will be provided by the bright shots of the fireballs from the Trebuchet.
The event will be carried out in accordance with the quarantine measures.
Ancient Kyiv opens at 10:00, the program will begin at 14:00.
The ticket price: a full adult ticket – 250 UAH, for pensioners and students – 150 UAH, for schoolchildren – 80 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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VODAFONE PROVIDES 4G NETWORK COVERAGE TO 80% OF UKRAINIANS

The Vodafone Ukraine mobile operator expanded its 4G network in 18 Ukrainian regions in August 2020.
According to company’s press service, in particular, the operator has launched 4G coverage in 660 settlements of Vinnytsia, Volyn, Dnipropetrovsk, Donetsk, Zhytomyr, Zakarpattia, Ivano-Frankivsk, Kyiv, Kirovohrad, Lviv, Odesa, Poltava, Rivne, Ternopil, Kherson, Khmelnytsky, Cherkasy and Chernivtsi regions over the past month.
To date, according to the data given, Vodafone Ukraine provides 4G coverage to 80% of Ukrainians.

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WEIDMANN MALYN PAPER FACTORY CUTS PRODUCTION BY 12%

Weidmann Malyn paper factory (MPF, Zhytomyr region), the only producer of electrical insulating board for power engineering machines in Ukraine, reduced production by 12.6% in January-August 2020 compared with January-August 2019, to UAH 351.85 million, the UkrPapir association has said.
According to UkrPapir data provided to Interfax-Ukraine, in physical terms during this period the factory cut industrial paper production by 8.3%, to 3,650 tonnes, whereas transformer board production increased by 26%, to 3,580 tonnes.
MPF Weidmann, founded in 1871 and a member of the Weidmann international group from 2000, is the only company in Eastern Europe that can supply almost all kinds of electrical insulating paper and cardboard meeting regional and international standards.
The factory produces transformer board, electrical insulating paper for power cables and transformer windings, crepe paper and other types of paper for industrial use, such as, packaging, filtration, and wallpaper.

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LITHUANIAN NOVUS BUYS BILLA IN UKRAINE

The owner of Novus Ukraine LLC, Consul Trade House UAB, has signed an agreement with Rewe International AG on the acquisition of a 100% stake in the charter capital of Billa-Ukraine, an enterprise with foreign investment, which develops the Billa supermarket chain in Ukraine.
“Novus Ukraine LLC and Billa-Ukraine will continue to work as usual, fulfilling the previously reached contractual obligations to partners and counterparties for the stability of business,” the press service of Novus said.
Currently, the deal is being approved by the Antimonopoly Committee of Ukraine, its completion and development plans will be announced after the deal is reviewed by the department, the company notes.
Novus Ukraine LLC was established in 2008, the first Novus supermarket was opened in the country in the same year. The development of the Novus supermarket chain is carried out by BT Invest (Lithuania).
As of September 2020, the network has 46 facilities with a total area of more than 220,000 square meters. The company develops retail facilities of various formats ranging from 500 to 7,000 square meters, including franchised.
Billa-Ukraine was established in 1998 by Rewe Group concern, which was founded in Cologne in 1927. In Ukraine, the first Billa supermarket was opened in Kyiv in February 2000. As of September 2020, the network has 35 facilities in Kyiv, Kyiv region and Zhytomyr.

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SHARE OF TEDIS UKRAINE IN CIGARETTE DISTRIBUTION MARKET DOWN BELOW 75% AGAINST 99% IN 2019

The share of Tedis Ukraine in the cigarette distribution market in 2019 was less than 75% against 99% in 2013-2015, Olha Pischanska, the head of the Antimonopoly Committee of Ukraine (AMC), has said.

“According to our data, during 2018-2019, the share of Tedis in the cigarette distribution market decreased by some percentage. So, if during 2013-2015 it was 99%, then according to the results of 2019 it did not reach 75%. If to talk about specific figures for today, it is necessary to conduct a separate study,” she said in an interview with the Interfax-Ukraine agency.

Pischanska said that in addition to Tedis, other companies buy cigarettes from manufacturers, which did not happen at the time of the AMC’s decision in 2016.

“In order to demonopolize the market, at the end of 2019, recommendations of the AMC were provided to the largest manufacturers of tobacco products, and a working group was created on the basis of the Ministry of Economy, in which we take part,” she noted.

Pischanska also said that the AMC, in response to statements by tobacco companies about the possibility of filing a claim in international arbitration, created a working group and assesses the risks of the arbitration process.

In addition, asked about the position of the committee on the implementation of the pilot project National Tobacco Operator, Pischanska noted that the AMC does not yet have an official text of this document.

“Since today we do not have an official text of this document, the AMC is not able to form a position on the compliance of the project with competition legislation,” she said, adding that any model has the right to exist if it acts in accordance with the law.

UKRAINE DECIDES TO JOIN EQUAL PAY INTERNATIONAL COALITION

The Cabinet of Ministers of Ukraine adopted an order to join the Equal Pay International Coalition, based on the 72nd session of the UN General Assembly on September 18, 2017 in New York (USA).
The corresponding decision was made at a government meeting on Wednesday.
“After receiving a response from the secretariat of the Equal Pay International Coalition, the government of Ukraine will become a member of this coalition together with the Confederation of Employers of Ukraine, the General Representative Body of Representative All-Ukrainian Associations of Trade Unions at the national level, the Kyiv Institute for Gender Studies,” the press service of the Ministry of Social Policy said.
It is reported that joining the Coalition is an important step in fulfilling the commitment to narrow the gender pay gap undertaken by Ukraine as part of its participation in the Biarritz Partnership international initiative, which Ukraine joined in August 2020.
“The positive experience of the states that have joined the coalition is important for Ukraine, given the course it has chosen for European integration and the need to consolidate the efforts of executive authorities, trade union associations, employers’ associations, civil society organizations, as well as academia, aimed at closing the pay gap in the wages of women and men” the ministry said.
According to the ministry, at the beginning of 2020 in Ukraine, the average monthly wage of men was 22% higher than the average monthly wage of women.
Despite the overall positive dynamics in some areas of economic activity (for example, in financial and insurance activities), the gap in wages for women and men is up to 35%. The level of remuneration for women and men is almost the same in those areas where wages are low (administrative and support services, functioning of libraries, education).
The Equal Pay Coalition is an international initiative founded by stakeholders to narrow the gender pay gap and respect the principle of equal pay for equal work in all countries and industries.
The coalition is joined by central executive bodies (ministries responsible for the formation and implementation of policies in the field of labor and employment, ensuring equal rights and opportunities for women and men, central executive bodies in the field of statistics), associations of employers and trade unions, relevant UN agencies, civil organisations and scientific institutions.

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