Business news from Ukraine

Business news from Ukraine

H&M STORES COULD BE OPENED IN KARAVAN MALL IN KHARKIV, DNIPRO

DCH Infrastructure and Real Estate (DCH I&RE), part of businessman Oleksandr Yaroslavsky’s DCH Group, is negotiating with Sweden’s retailer H&M on the opening of stores in regional shopping and entertainment centers Karavan in Kharkiv and Dnipro.
DCH I&RE CEO Daniil Vladov said in an interview with Interfax-Ukraine that it is inexpedient to attract H&M store to the Karavan mall in Kyiv, as the mall will be gradually reformatted into an outlet center.
“The H&M brand does not enter the outlet format. At the moment, they do not need this format, and they do not have it as such. We are negotiating with them, and I think they will enter our regional projects in Kharkiv and Dnipro,” Vladov said, commenting on a possibility of attracting H&M to the pool of the new outlet center as a result of changing the concept of the Karavan shopping and entertainment center in Kyiv.
DCH Infrastructure and Real Estate plans on June 1, 2019 to partially close the Karavan shopping and entertainment center in Kyiv located at 12, Luhova Street for a phased reformatting of the facility into an outlet center.
DCH Infrastructure & Real Estate is the management company of the Karavan retail and entertainment centers network in Kyiv, Kharkiv, and Dnipro. It functions as the development division of the DCH Group of Yaroslavsky, whose range of investment interests includes construction and development, finance, industry, mining, engineering, metallurgy, transport, and other spheres.

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WORLD BANK AFFIRMS FORECAST FOR GROWTH OF UKRAINE’S GDP AT 2.7%

The World Bank has affirmed the forecast for growth of Ukraine’s GDP at 2.7% in 2019, World Bank Country Director for Belarus, Moldova and Ukraine Satu Kahkonen has said.
In 2018, GDP growth was 3.3%, in 2019, the growth would slow down, she said at a press conference in Kyiv on Thursday.

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UKRAINE EXPORTS 45.4 MLN TONNES OF GRAIN SINCE START OF 2018/2019 MY

Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) and as of May 22, 2019 had exported 45.4 million tonnes of grain and leguminous plants, which is 26% more than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, farmers exported 26.4 million tonnes of corn, 14.8 million tonnes of wheat, and 3.5 million tonnes of barley.
On the specified date, some 262,000 tonnes of flour had been also exported.
As reported, with reference to the ministry, Ukraine exported 39.4 million tonnes of grain in the 2017/2018 MY.
According to the ministry, grain exports in the 2018/2019 MY are projected to be 49 million tonnes.

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CFG/MRIYA WANTS TO EXPAND AREAS WITH POTATOES TO 3,000 HA

The CFG/Mriya combined company has completed planting potatoes on an area of 2,000 ha in Ternopil and Lviv regions, plans to expand the areas with potatoes by 300-500 ha every year next two seasons.
According to a company report, CFG/Mriya also plans to buy equipment for modernization of potato storage facilities this year.
“Before the consolidation of CFG and MRIYA both companies successfully cultivated potatoes for a long time… both for food and for seed varieties. Therefore, for the combined CFG/MRIYA Company the growing of potato remains a strategic direction,” the company said.
CFG/Mriya has potato storage facilities with a capacity of above 87,000 tonnes, and a starch factory.
As reported, SALIC UK Ltd, the common investor in the merged business CFG/Mriya, plans to send over $50 million for boosting technical fleet in 2019.

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SALES OF TELECOM SERVICES IN UKRAINE 2% DOWN IN Q1 2019

The volume of sales of services by telecommunications and postal communications enterprises in Ukraine in January-March 2019 amounted to UAH 16.99 billion, which in absolute prices is lower than the prices in Q1 2018 by 1.93%, according to the State Statistics Service of Ukraine.
According to its data, the volume of international services amounted to UAH 1.79 billion, which was 10.94%% up from Q1 2018.
At the same time, in absolute prices the volume of sales of services by telecommunications and postal communications enterprises grew by 11.2% in Q1 2019, to UAH 1.526 billion, including a rise of 7.84% in international services.
The volume of sales of mobile communications services in Q1 2019 fell by 5.85%, to UAH 8.633 billion, of which international services amounted to UAH 928 million (19.4% up from Q1 2018).
The volume of sales of Internet services in Q1 2019 rose by 19.19% and amounted to UAH 3.535 billion, including international services grew by 5.27% compared with Q1 2018.

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