Business news from Ukraine

Business news from Ukraine

IKEA LAUNCHES ONLINE STORE WITH POINTS OF DELIVERY IN UKRAINE

The Swedish company IKEA, the world’s largest retailer of furniture and household goods, on May 14 officially launched the possibility of ordering goods from an online store in Ukraine, distribution points will operate in the Kyiv shopping center Auchan Rive Gauche and Metro Cash & Carry.
“Remaining faithful to its desire to create a better everyday life for many people in Ukraine, IKEA is pleased to announce the start of work in the Ukrainian market and the launch of an online store. Currently, the Swedish retailer offers Ukrainian customers about 3,600 functional home goods of all categories and styles with attractive design and prices. An order can be made on the website www.ikea.ua,” the retailer said in an official statement.
It says buyers will be able to choose where and how to pick up their goods: in one of the points for receiving orders in Kyiv for free or using the home delivery service.
“Today two points are ready to start work – at Auchan Rive Gauche and Metro Cash & Carry. The delivery service is organized in cooperation with DB Schenker. We do everything to ensure smooth online purchases, however we will be grateful for your patience and understanding in case of possible delays during the first few days of work,” the press release says.
It emphasizes that the functioning of the company is organized in accordance with IKEA security measures, as well as in accordance with the requirements and instructions of the government of Ukraine. All employees will have access to the necessary protective equipment and will work in compliance with recommendations on social distance.
After the launch of the online store, IKEA plans to open its new city store in Kyiv as soon as possible. The company has recently signed a lease agreement with Blockbuster Mall”, the company confirmed.

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NOVA POSHTA STARTS PLACING BONDS FOR UAH 700 MLN

Nova Poshta, the leader in express delivery in Ukraine, started placing B series bonds for UAH 700 million on May 11.
The corresponding bond issue was registered by the National Securities and Stock Market Commission on May 7, 2020.
The bonds were issued for a period until February 17, 2023 with a coupon rate of 16% and a periodicity of payments four times a year. The placement period is from May 11 to July 10, 2020.
As reported, in 2020 the company intends to invest $100 million in its development.
In February-April 2019, Nova Poshta carried out a closed placement of bonds in the amount of UAH 300 million at 22% per annum with maturity until August 22, 2020. Funds from the placement of bonds were used to modernize the infrastructure and the network of the issuer’s branches.
Nova Poshta, founded in 2001, is a leader in the express delivery market in Ukraine. The company’s network consists of more than 6,000 branches throughout the country.

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INTERCHEM RECEIVES HEALTH MINISTRY’S PERMIT FOR CLINICAL TESTING OF AMIXIN FOR EFFECTIVENESS IN COVID-19 TREATMENT

Double liability company Interchem, a pharmaceutical company based in Odesa, has received the permit of the Health Ministry of Ukraine for conducting clinical testing of antiviral medicine Amixin for effectiveness in treatment of coronavirus (COVID-19).
Director General of the company Anatoliy Reder told Interfax-Ukraine that a respective decree of the Health Ministry was signed on May 14.
He also said that the company requested the consideration of the application on clinical trials of Amixin due to the fact that the medicine had previously shown its effectiveness against a number of dangerous viral infections. During preclinical trials, it was proved that tilorone (the active substance of Amixin medicine) has antiviral activity against a number of strains of ordinary coronaviruses.
Several international research centers have already conducted and are carrying out testing of tilorone against SARS-CoV-2 coronavirus.
“As we can see, not only do we consider Amixin as a potentially effective medicine against COVID-19, but also researchers abroad,” he said.
Reder said that, in particular, such trials were conducted at the Institut Pasteur Korea (South Korea), and in two research centers in the United States as well.
“Based on the data of preclinical trials showing the highly effective antiviral effect of tilorone against SARS-CoV-2, we applied to the Health Ministry for approval of the third phase of clinical testing to expand the range of use of Amixin medicine and obtain evidence on its efficiency and safety for treating patients with COVID-19 infection,” he said.
According to Reder, clinical trials of Amixin will be conducted by research centers in three cities of Ukraine. In general, a trial may take three to four months from the moment the Health Ministry gave a permit for conducting it to the pharmaceutical company.
“The duration of the clinical trial will primarily depend on the speed of patient enrollment. At this stage, it is planned to include more than 60 volunteers in the study who, according to the severity of the disease, will be on self-isolation and undergo outpatient treatment,” he said.
Reder said that the research doctors who confirmed their readiness to conduct this trial are highly motivated, first of all, by their scientific interest and the opportunity to make their contribution to the search for a solution, which is so urgent for the whole world of medical and social problem that the new coronavirus has become.
Interchem is one of the leading pharmaceutical companies in the country.

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KYIVSTAR PROVIDES POSSIBILITY TO REMOTELY SWITCH TO OPERATOR’S CONTRACT TARIFF

Kyivstar mobile operator launches the possibility to switch to the company’s contract tariff remotely, one can order free courier delivery of SIM cards and contracts throughout Ukraine.
According to the operator’s press release, both existing Kyivstar subscribers and new customers who decide to join the national telecoms operator’s network can use this service.
“For this, it’s enough to choose the best contract rate in the Kyivstar online store at shop.kyivstar.ua and place the delivery. During its confirmation, subscribers will be able to immediately enter all the necessary data to sign an agreement and receive an already completed document for signing. Delivery will be carried out at a time convenient for the subscriber by prior agreement,” Kyivstar noted.
Subscribers, in particular, can choose one of the Smart tariffs, which provide unlimited mobile Internet, unlimited times for calls in the network, from 120 to 3,000 minutes for calls to other numbers within Ukraine, as well as abroad, fixed Internet and other services at no extra charge.

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SEAPORTS OF UKRAINE INCREASE CARGO HANDLING BY 12.5% FOR FOUR MONTHS

In January-April 2020, the seaports of Ukraine handled more than 55 million tonnes of cargo, which is 12.6% more compared to the same period in 2019.
According to the statement of the Ukrainian Sea Ports Authority on the state-owned enterprise’s website, traditionally, the leaders in transshipment are grain and ore.
Over the indicated period 18.7 million tonnes (5% more) of grain and 13.8 million tonnes of ore (30.5% more) were handled.
Handling of coal doubled to 2.5 million tonnes and that of crude oil increased by five times to 800,000 tonnes. Transshipment of containers by Ukrainian ports amounted to 357,700 TEU (up by 17.2%).
According to the Sea Ports Authority, handling of exported cargo increased due to a rise in transshipment of grain to 18.2 million tonnes (by 5.3%), iron ore to 10.9 million tonnes (by 45.4%), oil to 2.2 million tonnes (by 8.8%).
Transshipment of imported cargoes increased due to a rise in handling coal to 2.3 million tonnes (by 106.9%) and crude oil to 500,000 tonnes (by 213.6%), and oil products to 400,000 tonnes (by 233.3%).
Transit transportations increase due to a rise in handling ore to 1.1 million tonnes (by 34%) and crude oil to 400,000 tonnes.
Four seaports led in terms of cargo handling: Pivdenny, Mykolaiv, Chornomorsk and Odesa. In general, they processed 47.7 million tonnes of cargoes, which is 87% of the total volume of cargo handling by Ukrainian seaports.

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SOME 3,100 UKRAINIANS REPORT INCOMES OF MORE THAN UAH 1 MLN IN 2019

Ukrainians declared UAH 871 million of income tax and UAH 120 million of military tax as of May 14, 2020. In particular, some 3,150 citizens reported incomes in the amounts of more than UAH 1 million. In general, the will pay UAH 393 million of income tax and UAH 47 million of military tax.
The State Tax Service of Ukraine reported on its website that the majority of citizens, who declared more than UAH 1 million in incomes in 2019, are as usually registered in Kyiv – around 1,200 taxpayers.
“Kharkiv and Dnipropetrovsk regions have 278 and 270 millionaires, respectively,” it said.
The State Tax Service also said that the income declaring campaign for 2019 has been prolonged until July 1, 2020. The deadline for submitting declarations is June 30, 2020.

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