Business news from Ukraine

Business news from Ukraine

VOLUME OF CONSTRUCTION WORK IN UKRAINE 4.8% UP IN OCT

The volume of construction work performed in Ukraine in October 2018 decreased by 4.8% compared with October 2017, while in September 2018 from September 2017 this figure decreased by 0.2%. According to the State Statistics Service, the data are given excluding the occupied territory of Crimea and the temporarily uncontrolled territories in Donetsk and Luhansk regions.
According to the agency, the volume of construction work performed in October 2018 decreased by 5.2% compared with September 2018 (according to the seasonally adjusted data declined by 2.5%), whereas in September 2018 this figure grew by 4% compared to August 2018.
According to the report, in October 2018 from October 2017 the volume of construction work increased in residential, nonresidential construction and in engineering. According to unadjusted data, the growth in residential construction was 0.3%, in nonresidential some 2.5% and in construction of engineering structures by 9.6%.
In addition, in October the volume of construction of residential buildings increased by 0.5% compared to September, nonresidential buildings by 7%, and engineering structures by 5.4%.
In January-October 2018 compared with January-October 2017 the fall in the volume of construction work was recorded in Kyiv City and nine regions of Ukraine, in particular in Luhansk (by 28.1%, to UAH 387.9 million), Zakarpattia (by 17.2%, to UAH 985.7 million), Mykolaiv (by 14.9%, to UAH 1.96 billion) and Sumy (14.9%, to UAH 929.7 million) regions.

BOGDAN CORPORATION ISSUES FIRST ELECTRIC TRUCK FOR DENMARK’S BANKE ELECTROMOTIV

The Bogdan Corporation has issued its first electric truck ERCV27 for loading solid household waste under a contract with Denmark’s Banke Electromotiv.
The truck was presented on November 22 at the Bogdan Motors automobile plant in Lutsk with the participation of Ukrainian Infrastructure Minister Volodymyr Omelyan.
“We are gradually refuting the widespread opinion that Ukraine is exclusively agrarian. The presented electric transport is fully designed and created in Ukraine. It will be “Made in Ukraine” in the European Union,” the ministry’s press service reported on its website, citing Omelyan as saying.
The press service of the Bogdan Corporation said that the mass production of cars will begin after their certification in Denmark.
As reported, the agreement signed between the Bogdan Motors plant in Lutsk and Banke Electromotiv for the designing and production of garbage collection trucks signed in the spring of this year involves the manufacture of 15 trucks. In general, Banke Electromotive requires about 200 trucks a year.
“As long as European companies order ecofriendly special vehicles for the removal of household waste from a Ukrainian manufacturer, our state is lagging behind in this matter. Although the Bogdan’s electric truck with its characteristics is ahead, and the company is ready to produce it for Ukrainian cities,” the corporation’s press service said.
In turn, according to the press service of the Infrastructure Ministry, Omelyan pointed out the importance of creating conditions for the development of electric transport in Ukraine as soon as possible.
“We have visited a workshop that is ready for operation, we just need to start it. To do this, we need to create conditions for restoring the automotive industry in Ukraine. In particular, we initiated an electric bus at the Boryspil airport, and I hope it will be Ukrainian electric bus,” the press service said, quoting Omelyan.

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HUNGARIAN COMPANY OPENS FIRST CO-WORKING SPACE IN KYIV

The Hungarian company New Work Serviced Offices on November 16 opened the first co-working space in Ukraine, an object of 960 square meters located on the third floor of the Globus 2 shopping center on the Independence Square in Kyiv.
According to the press service of the trade center, the New Work Labs Globus smart space includes meeting rooms, a conference room for up to 60 people, an event area, skype rooms, a kitchen, recreational islands, and its own coffee bar.
“Residents receive individual access to the space through a mobile application, thanks to the use of the KISI system,” the report says.
In addition, co-working residents in the Globus shopping center will be able to work not only in the Kyiv location, but also in Budapest, Warsaw, and Prague. The company currently manages 12 locations in Eastern Europe.
According to the press service, the co-working service offers tariff plans from four hours a day to monthly tariffs with a fixed individual workplace or a private office for the whole team. At the same time, it is possible to work in co-working 24/7.
New Work Labs (Hungary) was established in 2012 and is engaged in the provision of co-working space for the needs of growing companies and individuals.

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UKRAINIAN PRIME MINISTER TO PAY WORKING VISIT TO GERMANY FROM NOV 28 TO 29

Ukrainian Prime Minister Volodymyr Groysman will pay a working visit to Germany from November 28 to 29 to take part in a business forum there.
“Ahead of my visit to Germany, I have met with journalists from Die Zeit. We spoke about our mutual relations and plans for 2019,” Groysman wrote in a tweet on Twitter.
In a comment to Interfax-Ukraine news agency, the prime minister’s press secretary Vasyl Riabchuk said the working visit will take place from November 28 to 29.
He said Groysman will leave for Germany on Wednesday, November 28, after a meeting of the government.
Riabchuk said the Ukrainian prime minister will hold several bilateral meetings there and attend the opening of a business forum on November 29.

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