Business news from Ukraine

Business news from Ukraine

Demand for housing in comfort segment in Kyiv region increased by 5% – expert

The growth of effective demand in the “comfort+” category in the capital region is 3-5% per month, said Daria Bedia, Marketing Director of DIM Group of Companies.

“In liquid projects in the comfort+ category in the price range of $1300-1500 per square meter with stable construction dynamics and a high-quality concept, the monthly increase in effective demand is 3-5%,” Daria Bedia told Interfax-Ukraine, citing data from the company’s analytical report.

According to her, the positive dynamics since the end of spring is a good signal and indicates that buyers are now ready to invest in a comfortable and safe living environment in Ukraine that will fully meet their requirements and expectations.

These requirements, according to Bedi, include a well-thought-out concept that takes into account different life scenarios in both the spatial zoning of the territory and the filling of functions. A diverse multifunctional infrastructure that reflects the expectations of the target groups of buyers, a well-thought-out apartment layout and a variable range of planning solutions, energy independence of the complex, in particular, the availability of alternative power sources for water supply or power for elevator equipment, a customer-oriented service company and an access control system are mandatory.

“The level of demand is directly influenced by the concept of the project itself, the stage of construction, and especially the real construction dynamics at the site, the developer’s reputation, and flexible purchase terms, both in installments and 100% payment,” explained the marketing director of DIM Group.

Today, most buyers in the comfort+ segment are interested in one-bedroom apartments of 40-47 sq. m. with a kitchen-living room of 20 sq. m. and a separate bedroom with a dressing room. The top two-room apartments are 68 to 75 sq. m. with two separate bedrooms, a kitchen-living room of 20 sq. m., three-room apartments of 85-90 sq. m. with three separate bedrooms, one of which is a master bedroom with its own bathroom and wardrobe, a large kitchen-living room is also a priority.

Daria Bedia added that transactions for the purchase of business class apartments with an average price of $2 thousand per square meter have become more frequent in the primary real estate market. At the beginning of the fall, business class accounted for 25% of sales, although in the spring this figure was 15%.

DIM Group was founded in 2014 and consists of six companies covering all stages of construction. To date, it has commissioned 12 buildings in six residential complexes with a total residential area of over 218 thousand square meters. Six residential complexes of “comfort+” and “business class” categories are under construction: “New Autograph, Metropolis, Park Lake City, Lucky Land, etc.

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VEON receives international award for resilience in times of crisis

VEON, a Nasdaq and Euronext-listed international telecommunications group that is 100% owner of the largest Ukrainian telecom operator Kyivstar, has received the Crisis Response Awards 2023 international award for its crisis communication program in Ukraine, Pakistan and Bangladesh.

The decision was made by the World Communication Awards Association in Amsterdam on November 22, 2023.

The winners of the World Communication Awards are determined during the Total Telecoms International Congress. The decision is made by an international jury of more than 90 telecom industry experts, CTOs of the largest international IT and telecom companies, as well as reputable representatives of the communications industry from around the world.

VEON was recognized for its “comprehensive approach to providing communications during the most challenging operational situations caused by both natural disasters and global conflicts, during which the Group ensured the resilience of telecom networks, implemented early warning programs and provided humanitarian assistance. The jury of the competition separately noted the efforts of Kyivstar and the company’s CTO Volodymyr Lutchenko in organizing work to keep Ukrainians connected at home and abroad, ensuring the functioning of the telecommunications network and communication services despite shelling and power outages, and developing the Helsi IT platform for providing online medical consultations.

Over the past two years, VEON has focused on developing technologies for the most vulnerable people and communities to help them overcome the challenges of wartime, such as in Ukraine, or during natural disasters, such as in Pakistan or Bangladesh.

“VEON’s crisis response initiatives have proven to be extremely important in protecting against large-scale disasters and ensuring connectivity during geopolitical challenges,” said VEON CEO Kaan Terzioglu. “In all the markets where the Group operates, we have provided connectivity to all subscribers and contributed to the provision of humanitarian aid to those who need it most.

About Kyivstar

Kyivstar is Ukraine’s largest electronic communications operator, serving more than 24 million mobile subscribers and over 1 million Home Internet subscribers as of September 2023. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, Cloud solutions, cybersecurity services, digital TV, etc. Kyivstar helps subscribers, society and the country to overcome the challenges of wartime. Since the beginning of the full-scale war, the company has allocated more than UAH 1.3 billion in aid to meet the humanitarian needs of the Armed Forces, society and subscribers. Kyivstar’s sole shareholder is the international VEON Group (headquartered in the Netherlands). The Group’s shares are listed on NASDAQ (New York) and Euronext (Amsterdam). Kyivstar has been operating in Ukraine for 25 years and is recognized as the largest taxpayer in the telecom market, the best employer and a socially responsible company.

pr@kyivstar.net, www.kyivstar.ua

About VEON

VEON is a digital communications operator that provides converged connectivity and digital services to nearly 160 million customers. With operations in six countries, home to more than 7% of the world’s population, VEON transforms lives through technology services that empower people and drive economic growth. Headquartered in Amsterdam, VEON is listed on the NASDAQ and Euronext stock exchanges. For more information, please visit: https://www.veon.com.

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ADONIS invites you to open lecture

ADONIS clinic network is pleased to invite you to a lecture on the topic: “UTERINE FIBROIDS”.

The event will be held by Dr. Gali Alya Shabanovich, Head of the Family Planning Department, Candidate of Medical Sciences, highly qualified gynecologist with 25+ years of experience.

Registration

Date: December 2, 2023

Time: from 10:00 to 12:00

Location: Sofiyivska Borshchahivka, 90 Akademika Shalimova St.

Registration is required!

The event is free of charge.

Lecture program:

– What is uterine fibroids and its types;
– Causes and clinical manifestations;
– Diagnosis and treatment methods;
– Myths and truth about uterine fibroids;
– Answers to your questions.

If you have any questions or need additional information, please call the direct number of the branch in Sofiyivska Borshchahivka: +38 067 322 96 07

We will be glad to see you at the lecture!

Do not miss the chance to keep up with the latest news in medicine.

Sincerely, ADONIS clinic network.

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Slovakia extends embargo on Ukrainian grain and other agricultural products

Slovakia will extend the embargo on imports of Ukrainian grain from January 1, 2024 for an indefinite period, and will also expand the list of Ukrainian agricultural products for which access to the country’s domestic market will be closed, EFE reports.

According to the agency, which cites a statement by the Slovak Ministry of Agriculture, the embargo on the import of Ukrainian goods – wheat, corn, beets and sunflower seeds – to Slovakia expires at the end of this year. Bratislava has decided to maintain these restrictions.

In addition, the government has decided to expand the list of Ukrainian products that will also be subject to an import ban starting January 1, 2024, including barley, wheat flour, cane sugar, malt, soybeans, honey, and some other products.

All products subject to the restrictions can cross the country’s border only in sealed transit. The purpose of these measures is to protect local agricultural producers.

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Slovak Union of Carriers plans to block traffic on Ukrainian border tomorrow

The Union of Slovak Carriers plans to block the movement of freight transport in front of the Vysne Nemecke checkpoint adjacent to the Ukrainian checkpoint Uzhhorod from 16:00 on December 1, 2023, the State Border Guard Service of Ukraine reports.

“Four trucks per hour will be allowed to leave Slovakia. At the same time, the transportation of humanitarian and military aid, live animals, fuel and refrigerated cargo will not be blocked,” the message on the Telegram channel reads.

Drivers are asked to take into account possible traffic complications.

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NACP adds Belgian Fluxys to its list of international war sponsors

Ukraine’s National Agency for the Prevention of Corruption (NAPC) has added Belgian independent gas system operator Fluxys to its list of international sponsors of war.

According to the NACP press service, the decision was made based on the company’s failure to comply with the UN Guiding Principles on Business and Human Rights and its continued promotion of the export of climate-damaging Russian liquefied natural gas (LNG), which provides financial resources for Russia’s invasion of Ukraine.

“Despite the ongoing full-scale Russian invasion, the Belgian independent gas infrastructure operator Fluxys continues to provide Yamal LNG, a subsidiary of Novatek, with LNG storage and transshipment services at its terminal in Zeebrugge. These services allow for the export of additional Russian revenues for Novatek and tax revenues for the Kremlin regime, which is committing countless war crimes in Ukraine. Thanks to the facts provided by Ukrainian and Belgian civil society organizations, we have found sufficient grounds to add Fluxys to the list of international sponsors of the war,” said Agiya Zagrebelska, Head of the Department for Minimizing Corruption Risks in the NACP’s Sanctions Policy.

The Belgian operator Fluxys provides liquefied natural gas storage and transshipment facilities to Yamal LNG, a joint venture majority owned by the Russian gas company Novatek, which is directly involved in financing military aggression and war crimes in Ukraine. A detailed analysis conducted by the International Institute for Energy Economics and Financial Analysis (IEEFA) in 2022 showed that Fluxys and its shareholders profited by facilitating the export of Russian LNG to the markets of Asia, South America and the Middle East, especially in the winter months of 2021/2022, which exacerbated the European energy crisis and increased profits for Novatek.

“The reputational risks associated with being listed as a sponsor of war and potentially having its credit rating downgraded are not unique to Fluxys. By continuing its involvement in Russian LNG transactions, Fluxys may face the risk of being subject to secondary sanctions from the United States, especially since Novatek is reportedly directly contributing to Russia’s war of aggression, as investigations suggest that the company’s security guards were used to form special military units that took part in the fighting in Ukraine,” said Svitlana Romanko, founder and director of Razom We Stand.

In response to the unprovoked and illegal aggressive war of aggression, many companies ceased all business interaction with Russian partners after February 24, 2022, but Fluxys continued to cooperate with Yaman LNG and Novatek throughout 2022 and into 2023. Experts estimate that Russia expects to receive up to €800 million in tax revenues from exports, which is possible due to the transshipment of LNG in Zeebrugge in 2023. Only 7% of this gas goes to EU markets. Fluxys receives 50 million euros a year for this service under a long-term contract signed in 2015, a year after Russia annexed Crimea and started the war in Donbas.

Novatek, owned by Russian oligarchs Leonid Mikhelson and Gennady Timchenko, is the main supplier of Russian liquefied natural gas to international markets. Mikhelson and Timchenko are members of Russian President Vladimir Putin’s inner circle and, with the help of his regime, have seized stakes in Russian oil and gas projects from international companies. “Novatek is the largest private natural gas producer in Russia. In July 2014, Novatek was added to the sanctions lists of the United States and Canada. In 2016, the US imposed sanctions on several Novatek subsidiaries. On November 2, 2023, the United States imposed sanctions against the Artsyl LNG 2 project, which was intended to double Novatek’s export capacity.

In October, Razom We Stand, on behalf of 23 Ukrainian NGOs, sent an open letter to the Belgian federal government calling on it to take the initiative to impose a complete ban on the transshipment of Russian LNG in all EU harbors, including the Fluxy-operated LNG terminal in Zeebrugge. The Netherlands and the United Kingdom have already introduced such bans.

The main shareholders of Fluxys are Belgian municipalities (77.41%) and the Belgian federal government (3.44%). Both parties have pledged to keep the global temperature rise below 1.5℃ by supporting the Covenant of Mayors and the Paris Agreement, respectively. They also claim to highly respect international humanitarian law, which prohibits intentional attacks on civilians or critical civilian infrastructure. These commitments contradict the actual continuation of cooperation with the Russian company Novotec.

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