Business news from Ukraine

Business news from Ukraine

UKRAINE’S POPULATION DEBT FOR HOUSING SERVICES DECREASES IN MAY

The arrears of the population of Ukraine on payment for housing and communal services decreased by 7.6% in May 2021 versus April and amounted to UAH 61.6 billion (excluding electricity).
According to the State Statistics Service, in general, in May, Ukrainians paid UAH 17.1 billion for housing services, which amounted to 146.2% of the amount charged for that month.
The debt for the supplied electricity in May amounted to UAH 7.3 billion.
The highest level of payment for housing services was recorded in Ternopil (177.9% of the amount accrued, due to the repayment of debts of previous periods), Cherkasy (153.9%), Donetsk (153.4%) regions and Kyiv (170.3%).
The lowest level of payment is in Kirovograd, Volyn and Kherson regions (113% to 120% of the amount of charges).
According to the State Statistics Service, from the beginning of 2021, some 22,700 agreements have been concluded with the population on the repayment of restructured debt for housing services for a total of UAH 187.1 million. The amount of payments made, taking into account long-term contracts, amounted to UAH 106.2 million.

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RETAIL TURNOVER IN UKRAINE IN 2020 UP BY 12.7% DUE TO GROWTH OF E-COMMERCE SEGMENT

Retail turnover in Ukraine in 2020 increased by 12.7% compared to 2019, which is associated with significant growth in the e-commerce segment and high domestic demand, the press service of CBRE Ukraine said.
The 2020 retail real estate market survey reports that in 2020 Ukraine recorded impressive annual sales growth rates in the e-commerce segment. According to Euromonitor International, the e-commerce segment achieved 8% of annual retail turnover, up 45% from 2019.
“Thanks to this significant growth in e-commerce, more and more retailretailers are focusing on the development of omnichannel commerce to compete with online platforms,” Radomyr Tsurkan, Managing Partner of CBRE Ukraine, said
A significant number of international brands such as Colin’s, IKEA, Miniso, Massimo Dutti, Uterqüe, Stradivarius and Pull & Bear launched online stores during 2020. Groceryretailer ATB launched its first online store during the lockdown and introduced a new click & collect service, which allows you to pick up groceries from the store after an online purchase.
The expert also noted the oncoming transfer from online to offline: some e-commerce websites (Rozetka, Makeup) actively opened click-and-mortar stores to complement the online experience for customers who want to check the goods live before buying.
“E-commerce will continue to expand towards multichannel retail, driven by a sharp increase in consumer dependence on online shopping during 2020. Rapid improvements in delivery services are also driving the expansion of online stores,” he commented.
According to the expert, with increasing competition, more and more e-commerce players will open and expand stores or points of delivery in order to improve or complement the online customer experience with a physical or offline experience. More traditionalretailers are also expected to focus on developing online platforms to keep up with consumer habits.
CBRE is the world’s largest commercial real estate consultancy and investment firm, with 2020 revenues of $ 23.8 billion. The company is one of the 500 largest companies in the world according to the Fortune 500 ranking (128th in 2020).

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UKRAINE EXPORTS 88% OF SUNFLOWER OIL VOLUME SPECIFIED IN MEMORANDUM

Ukraine as of July 1, 2020/2021 marketing year (MY, September-August) exported 4.75 million tonnes of sunflower oil, which is 88.2% of the ceiling volume agreed by the Economy Ministry and Ukroliyaprom association, the association said on the website on Tuesday.
Ukroliyaprom said the highest export volumes of sunflower oil are 5.38 million tonnes in 2020/2021 MY. Thus, in July-August of the current MY, exporters can supply another 630,000 tonnes of this product to foreign markets.

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ODESSA BUSINESS CLUB PRESENTS THE ODESSA DEVELOPMENT STRATEGY 2050

Together with Andrii Dligach, a futurist, and Vlad Mikhnenko, Oxford’s Associate Professor, CEOs of the major Odessa-based companies have released an economic business vision of the city. Its presentation will take place on September, 17 as part of the Odessa Business Forum.
The Club’s Mission is to promote a positive image of Odessa in Ukraine and worldwide, to make a statement as a city built for life, investments, and doing business.
The Odessa Region Economic Strategy 2050 outlines the priorities in such sectors as investments, exports, industrial development, transport and logistics, tourism, culture, and entertainment.
The Odessa Business Forum is a standing platform and an annual event. Its key objective is to present mid-term and short-term plans to implement the main vectors of the economic strategy, to summarize and compare results, and to update its aims and purposes.
Dmytro Kazavchynskii, the Co-founder of the Odessa Business Club, emphasizes: “Loving Odessa in words alone is not enough. We need to do something for our beloved city.”
This was the commitment taken when the Economic Business Vision of the Odessa Region 2050 was created.
Speakers that support the OBF:
● Vlad Mikhnenko, Candidate of Science, Associate Professor of sustainable urban development, researcher at St. Peter’s College at Oxford University
● Karl-Filip Coenegrachts, strategist and innovator from Ghent (Belgium), creator of an alternative vision and concepts for Smart Cities and Cities of People
● Andrii Dlygach, Founder and CEO of Advanter Group; Doctor of Economics, strategist, futurologist; Expert in shaping business breakthrough strategies; Member of the Boards of Directors at the Digital Transformation Institute and SingularityU Kyiv; CEO, Luniter troubleshooting; Professor at the KSE Business School; Co-founder of the Board business community
● Cees Donkers, Urban designer at City as a LAB, one of the key founders of Dutch Design Week. Eindhoven’s chief urbanist
● Valeria Ionan, Deputy Minister of Digital Transformation for European Integration since 2019. Responsible for the national projects Diia.Business and Diia.Digital Education, online security and European integration
● Dmytro Kazavchinsky, Co-founder of Odessa Business Club and GST Company
● Andreas Flodstrom Co-founder and CEO at Beetroot and Beetroot Academy, Ukrainian-Swedish companies
● Andrii Zdesenko, Founder and CEO of Biosphere Corporation, owner of Charisma Fashion Group and co-founder of the Ukrainian restaurant chain Vapiano, Co-founder of the Inspira business club in the city of Dnipro
● Oleksandr Bornyakov, Deputy Minister of Digital Transformation for IT Development. Co-founder of IT-Cluster Odessa
● Maxim Bakhmatov (Moderator), founder and Head of the Office of Transformation, Managing Partner of UNIT.City, innovator, businessman, entrepreneur, ex-CEO of VDNKh (National Exhibition and Cultural Center based in Kyiv)
…and more.
The host of the first Odessa Business Forum will be a Ukrainian marketer, founder of Fedoriv Group Andrii Fedoriv.
We are open to cooperation with everyone who cares about Odessa and the positive image of Ukraine abroad.
PIC: Ms Kateryna Voronova, Coordinator of Media Partners Relations
Tel.: +38 067 740 24 89
open4business.com.ua is a media partner.

UKRAINE’S INFLATION SLOWS TO 0.2% IN JUNE

The growth of consumer prices in Ukraine at the end of June 2021 decreased to 0.2% from 1.3% at the end of May. In annual terms, inflation remained at 9.5%.
The State Statistics Service said on Friday, that core inflation in June was 0.4%, while in May it was at 0.7%.
In general, for the first six months of 2021, inflation in Ukraine amounted to 6.4%, core inflation to 4.3%.

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GAS SUPPLIES TO UKRAINE 10 TIMES UP IN JUNE

Natural gas supplies to Ukraine from the EU in June 2021 amounted to 90.3 million cubic meters, which is 10.6 times more than in May (8.5 million cubic meters), the press service of Gas Transmission System Operator of Ukraine (GTSOU) has said.
According to its data, the entire volume of June imports was received by backhaul from Hungary.
At the same time, total supplies to the country in the first half of 2021 fell 12.4 times (by 7.405 billion cubic meters) compared to the same period last year, to 651 million cubic meters. In particular, in the mode of a customs warehouse for storage in the UGS facilities, the country received 97 million cubic meters of gas in the six months.
Net exports of natural gas from Ukraine to European countries in June amounted to 15 million cubic meters, re-export – 7 million cubic meters. In total, in January-June-2021, some 64 million cubic meters of gas were exported, 689 million cubic meters – re-exported from the customs warehouse.
“The unique ramified infrastructure of the Ukrainian GTS allows you to quickly and flexibly respond to fluctuations in demand and, if necessary, provide additional transit capacities to European partners,” Serhiy Makogon, the head of GTSOU, said.
At the same time, he stressed, in the absence of a long-term transit contract, the infrastructure of the Ukrainian gas transportation system will be optimized, and the European market will lose these maneuverable capacities, becoming dependent on the Gazprom monopoly.
“The threat of building bypass gas pipelines and monopolizing supply routes is a threat to all Europeans from the point of view of energy and economic security,” Makogon summed up.

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