Ukrainian restaurant chain Lviv Croissants has entered the US market, where together with a partner it invested $220 thousand in opening a bakery and production of frozen croissants in the suburbs of Atlanta, Georgia.
“Lviv Croissants is now in America! The first Lviv Croissants bakery in the United States is located in the suburbs of Atlanta, Georgia and is already receiving its first guests. Locals love quality healthy food, and we know how to cook it, so it’s a total match. And we also know how to surprise with a variety of flavors, create a friendly atmosphere and a sense of place where you can be yourself,” the company’s website says.
Lviv Croissants founder Andriy Galitsky told Forbes Entrepreneurs Forum that the company spent two years preparing to enter the U.S. market, while it took about five months to prepare to enter the European markets. This is the third expansion of the Ukrainian chain abroad after Poland and Slovakia.
The co-owner and CEO of the American restaurant is local entrepreneur Brett Larrabee, whom Galitsky met at a franchising expo in New York in 2018. Larrabee has been working in restaurant franchising for 37 years, notably developing the American brands Five Guys, Famous Daves BBQ, Little Caesars, Subway and Pancheros, Forbes writes.
Lviv Croissants is a Ukrainian international franchise restaurant chain founded in 2015. It specializes in making croissants, has 177 establishments in Ukraine, 11 in Poland and 1 in Slovakia. It is a part of Fast Food Franchising Group.
Fast Food Franchising Group LLC was founded in 2015 in Lviv.
The company’s net loss in 2023 amounted to UAH 598.3 thousand, compared to UAH 483 thousand net profit a year earlier. Income for last year increased by 55.1%, to UAH 6.939 million, debt obligations – by 9.7 times, to UAH 188.9 thousand, while assets decreased by 19%, to UAH 1.89 million.
Beneficiaries of the company are PE Firma Infobud, which owns 50% of shares, Eugene and Andrei Galitsky (20% each), as well as Yuri Zagrodsky (10%).
bakery opening, frozen croissants, Lviv Croissants, restaurant chain, US MARKET
Ukraine’s Iryna Kolyadenko has won a silver medal in the 62kg freestyle wrestling final at the 2024 Olympic Games in Paris.
Kolyadenko competed against Sakura Motoki, representing Japan, and lost to her with a score of 1:12.
Irina Kolyadenko is the silver medalist of the Olympic Games 2024, bronze medalist of the Olympic Games 2020, silver medalist of the World Championships, three-time European Champion, Champion of Ukraine.
Commissioning of housing in Ukraine, mln sq m
Source: Open4Business.com.ua
The State Property Fund (SPF) realized at the privatization auction SE “Odessa Research and Design Institute of Land Management” for 25.8 million UAH, said the head of the agency Vitaly Koval.
“The price for EMK SE “Odessa Research and Design Institute of Land Management” increased in 5.17 times. Almost from UAH 5 million to the victorious UAH 25.8 million,” he wrote in Telegram.
The buyer is also obliged to pay an additional UAH 5.16 million of VAT. Accordingly, the total economic effect from the privatization of the enterprise will be 30.96 million UAH.
The complex of the Institute is located in the center of Odessa. The new owner will receive a share of 81/100 of the engineering and laboratory building with utility buildings and structures, motor vehicles and other property.
According to the terms of sale, the buyer is obliged to repay overdue accounts payable and not to allow the dismissal of employees within six months.
Monica Barbara Spadlo-Coliano headed PJSC “Insurance company “MetLife” from July 2018 to October 2020 was appointed head of the Supervisory Board of the company.
As reported in the information of the insurer posted in the information disclosure system of the National Commission on Securities and Stock Market, such a decision was taken by shareholders at the meeting on August 6.
The message notes that she is the representative of the shareholder MetLife Global Holding Company II LLC, during the last five years held the following positions: from May 1, 2022 to date – general manager of MetLife Hungary, from October 9, 2020 to May 2022 – general manager of MetLife Poland (a division of MetLife Europe d.a.c.). (MetLife EMEA).
In addition, Pawol Dorczak and Blair John McAuliffe were elected as members of the Board of Directors.
As reported, MetLife PJSC is the leader in the life insurance market of Ukraine. The company’s share in the volume of insurance reserves at the end of 2023 is 31.3%.
According to the statements, for 2023 the volume of insurance premiums amounted to UAH 2,489 billion, insurance reserves – UAH 6,186 billion.
For 2023 the insurer has paid insurance indemnities in the amount of UAH 516,6 mln.
PJSC MetLife is a part of the leading world corporation MetLife. The company has been operating in Ukraine since 2002. The main lines of business are accumulative life insurance, accident and critical illness insurance, corporate insurance and bank insurance.
Registrations in Ukraine of electric cars (new and used) in July 2024 amounted to 4.787 thousand, which is 14% more than in June this year and 38% more than last July, Ukravtoprom reported in the Telegram channel.
As reported, in June-2024 demand for electric cars slightly exceeded the figure of May of this year, and by June 2023 increased by 35%.
Market experts attribute a certain revival of demand last month for electric cars to the government’s initiative to introduce a military levy on buyers at the first registration of cars, including electric cars, for which there is no taxation in Ukraine (except for a small excise duty).
According to “Ukravtoprom”, the share of new cars in the registration of electric cars amounted to 21% against 17% in June-2023 and 19% in June this year.
The bulk of electric cars registered during the month were passenger cars – 4.684 thousand units (new – 980 units, used – 3.704 units), and only six out of 103 commercial electric cars were new.
The leading five new electric cars in July were Honda M-NV – 239 units (140 units in June), BYD Song Plus – 127 units (62 units), Nissan Ariya – 118 units (91 units), Volkswagen iD.4 – 88 units (71 units) and Zeekr 001 – 69 units.
The most popular five used vehicles were the Nissan Leaf, 529 units (June-2024, 410 units); Tesla Model 3, 433 units (419 units); Tesla Model Y, 419 units (367 units); Tesla Model S, 217 units (196 units) and Volkswagen e-Golf, 209 units (208 units).
In total, in January-July, more than 29.2 thousand units of battery-powered vehicles passed the first registration in Ukraine (82.5% more than a year earlier), the share of new ones accounted for 20%.
As reported, for 2023, according to “Ukravtoprom”, registrations of electric cars in Ukraine increased 2.8 times – up to 37.6 thousand, the share of new ones accounted for 20% against 17% a year earlier.
