Business news from Ukraine

Business news from Ukraine

FRANCE’S LEROY MERLIN PLANS TO OPEN FIRST HYPERMARKET IN ODESA

Leroy Merlin Ukraine LLC (Kyiv), developing the DIY hypermarket chain of the French brand Leroy Merlin in the country, in spring 2019 plans to open a first hypermarket outside Kyiv – in the Riviera shopping and entertainment center in Odesa.
The retailer wrote on its Facebook page that the company is looking for employees to work in the Leroy Merlin hypermarket in Odesa, which will be opened soon.
The fifth hypermarket of the Leroy Merlin chain in Ukraine (four operating in Kyiv) will be located in the Riviera shopping and entertainment center in Odesa, Senior Marketing Advisor at Riviera mall Yan Shkuro told Interfax-Ukraine.
“The opening of Leroy Merlin is scheduled for early spring. There is no the exact date. The total area of the premises is 10,500 square meters, without a greenhouse. Active construction of residential complexes is seen near the mall. There are over 60 residential complexes, and demand on construction materials is high,” Shkuro said.
Leroy Merlin Ukraine LLC was registered in 2008. As of October 31, 2017 the company had four Leroy Merlin stores in Kyiv.

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70,000 UKRAINIAN TOURISTS TO VISIT THAILAND THIS YEAR

Around 70,000 Ukrainian tourists will visit Thailand in 2018.
According to a press release of the representative office of the Tourism Authority of Thailand in Ukraine, in 2017, some 61,000 Ukrainians visited Thailand. Thus, Ukraine was second in Central and Eastern Europe after Poland in the number of tourists who visited Thailand.
Head of the representative office of the Tourism Authority of Thailand in Ukraine Nicholas Dimitroff said that growth in tourist flow from Ukraine will be linked to the launch of direct flights between Kyiv and the post popular island of Thailand – Phuket. Azur Air by late April 2019 will service charter flights for Aneх tour operator. Thanks to the charter program the tour operator plans to transport around 8,000 tourists from Ukraine.
As reported, Ukrainians are the leaders in the world for the duration of their trips to Thailand: in 2017, the average duration of one trip Ukrainians spent in that country was almost 22 days.
In 2017, Thailand was visited by more than 35 million tourists from all over the world, which brought this country $57.5 million. Thus, Thailand took the 4th place in the world in terms of revenue from tourism (after the United States, Spain and France).
The Ukrainian office of the Tourism Authority of Thailand has been operating since February 2017.

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UKRAINE EXPORTS 13.3 MLN TONNES OF GRAIN SINCE START OF 2018/2019 MY

Ukraine since the beginning of the 2018/2019 marketing year (MY, July-June) and as of October 31 had exported 13.285 million tonnes of grain, which is 0.6% less than on the same date of the previous MY.
According to the Ministry of Agrarian Policy and Food, farmers produced about 7.54 million tonnes of wheat, 2.69 million tonnes of barley, and 2.8 million tonnes of corn.
In addition, 65,700 tonnes of flour had been exported on the specified date.
As reported, with reference to the ministry, Ukraine exported 39.4 million tonnes of grain in the 2017/2018 MY. Grain export in the 2018/2019 MY is projected to be 42.5 million tonnes.

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ENERGOATOM SEES UAH 2 BLN OF NET PROFIT IN 2018

National Nuclear Generating Company Energoatom in January-September 2018 saw UAH 2.067 billion of net profit compared with UAH 473.602 million of net loss a year ago.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, in January-September 2018, its net revenue totaled UAH 31.484 billion, which is 9% more than a year ago (UAH 28.891 billion), and gross profit of Energoatom grew by 59.4% or UAH 2.719 billion, to UAH 7.295 billion.
Energoatom is the operator of all four Ukrainian-based operating nuclear power plants, which have 15 VVER reactors with an overall generating capacity of 13.835 gigawatts.

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DRAGON CAPITAL INVESTMENT FUND WITH CO-INVESTORS INVEST $400 MLN IN UKRAINIAN PROPERTY IN THREE YEARS

Dragon Capital Investment Fund, together with its partners, has invested $400 million into Ukrainian real estate since 2016, the press service of Dragon Capital has reported.
“Since 2016, Dragon Capital, together with its European and American partners, has invested $400 million into Ukrainian real estate. Our future investment plans will significantly depend on the pace of reforms in Ukraine, above all in judiciary and law enforcement,” Dragon Capital CEO Tomas Fiala said.
The partners of the fund are Goldman Sachs, George Soros, and OPIC.
As reported, Dragon Capital Group jointly with co-investors since 2016 has been actively investing in purchase of commercial real estate, mainly in Kyiv city and region.
The portfolio of the investment fund, as of October 2018, includes several business centers – Kyiv’s Prime and Eurasia, business center located at 98, Velyka Vasylkivska Street, Horizon Park, Business Center Platinum, and Zaporizhia-based Eco Tower Business Center.
The portfolio of shopping centers includes the Victoria Gardens shopping center (Lviv), Sky Park shopping center (Vinnytsia), Pyramida shopping center (Kyiv), logistics centers near Kyiv — West and East Gate Logistic, Omega 1 and Omega 2; a logistic complex and industrial complexes in Brovary.
Dragon Capital Investments Limited is part of Dragon Capital group of companies, founded in 2000 and one of the largest in the Ukrainian investment market. It works in the field of direct investment and financial services, provides a full range of investment banking and brokerage services for corporate and private clients.

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K.FUND MEDIA PUBLISHING HOUSE DECIDES TO DISCONTINUE ITS MEDIA PROJECT

The K.Fund Media publishing house has decided to discontinue its media project dedicated to entrepreneurship and books about business from November 1, 2018. The management is researching the media market and is negotiating with potential partners to restart the project in a new format. The archive of articles will be available to the public at kfund-media.com.
The K.Fund Media platform was launched in March 2017. Its mission was to open new opportunities in the fields of education and entrepreneurship in Ukraine and abroad. The team has developed about 10 new formats for popularizing information materials. Every month, K.Fund Media’s website had up to 200,000 visitors. The platform is represented in social media with over 30,000 subscribers in total.
Since then, authors working under the project have written hundreds of articles on entrepreneurship and management, about 200 reviews of the world’s best-selling books about business, more than 100 success stories of Ukrainians. Materials for self-education, which were provided by experts on various issues, were published on a regular basis. Special attention was paid to the activities of business schools operating in Ukraine.
“The project has accomplished its mission, it has made its contribution to the development of the business environment and leadership in Ukraine, has created added value for readers. It is also very valuable for me that the platform has been working as an independent media, fully complying with high-quality journalism standards. I thank the investor of the project, Vasyl Khmelnytsky, for extensive support and I’m grateful to the editorial staff for excellent work. Now we are hammering out a model and looking for partners to re-launch the platform in a new format,” Director of K.Fund Media Dmytro Zvieriev has said.
K.Fund Media set itself the goal of interacting with thinking readers, engaging such iconic leaders and thinkers as world-famous Swedish economist, professor of the Stockholm School of Economics Kjell Nordström, Vice President of KAIST Business School in Seoul, ex-adviser to Samsung Jo Sung Park, Country Director for Ukraine at Google Dmytro Sholomko, General Manager for Central and Eastern Europe at Airbnb Andrew Verbitsky, Goldratt Research Lab CEO Alan Barnard, Senior Coach at the University of Sheffield, Nikos Lambridis, and many others.
“K.Fund Media has become a successful project. We have created an extensive database of materials that provide various solutions to problems related to life and work. The world is changing dynamically; nevertheless, most of the texts will continue to be relevant, and our readers will be able to revisit them repeatedly to find answers to their questions. I am very grateful to everyone involved for the enthusiasm and atmosphere in which this project was created,” Editor-in-Chief of K.Fund Media Darya Kutetskaya has said.
The project was founded by Vasyl Khmelnytsky’s K.Fund. In addition to managing the information platform, K.Fund Media also publishes the world’s best-selling books in Ukrainian about economics, education, self-development and modern science as part of the K.Fund Books project.

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