Business news from Ukraine

Business news from Ukraine

UKRAINIAN PRESIDENT DISCUSSES PROSPECTS OF BOOSTING INVESTMENT BY UBER WITH UBER CEO

Ukrainian President Volodymyr Zelensky met Uber Technologies Inc. CEO Dara Khosrowshahi on the sidelines of the 74th session of the UN General Assembly in New York and discussed the prospects of increasing capital investment of the company in Ukraine with him.
“During the meeting, the parties discussed a number of issues regarding Uber’s activities in Ukraine, as well as the prospects of increasing the company’s investments in our country,” the press service of the head of state reported.
Zelensky informed Khosrowshahi of the implementation of the reform policy aimed at improving the business climate in Ukraine and creating favorable conditions for attracting foreign investments.
In addition, the use of environment friendly vehicles in Ukraine by Uber was discussed during the meeting.

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UKRAINIAN PRESIDENT ZELENSKY DISCUSSES SWEDISH INVESTMENT IN UKRAINIAN ECONOMY

Ukrainian President Volodymyr Zelensky met with Prime Minister of Sweden Stefan Löfven on the sidelines of the 74th session of the UN General Assembly, and the sides discussed prospects of negotiations on Donbas and Swedish investment in the Ukrainian economy.
The press service of the president of Ukraine reported on the president’s website on Wednesday, Zelensky thanked the prime minister for comprehensive support of Kyiv, in particular, the support of Ukraine’s sovereignty and territorial integrity. The parties discussed the prospects of the negotiations on Donbas.
“We are not ready to wait five more years for the negotiations in Minsk to yield results,” Zelensky said.
The head of state also noted the importance of Sweden as a partner for Ukraine, in particular in the trade sphere.
Zelensky urged Löfven to facilitate the increase of Swedish investments in Ukraine’s economy, including the spheres of energy efficiency and recycling.

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PRESIDENT OF UKRAINE PLANS TO INVITE DONALD TRUMP TO PAY OFFICIAL VISIT TO UKRAINE

President of Ukraine Volodymyr Zelensky intends to invite U.S. President Donald Trump to pay an official visit to Ukraine.
“I expect that we will have very cool relations with the United States. I expect to invite, this has not happened for many years, and, as they say in English, the time to visit Ukraine. So we expect that we will agree on a visit,” he said in a video comment following the results of the first bilateral meetings in New York at the UN General Assembly, published on the President’s Office official page on Facebook.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF SEPTEMBER 25

Official rates of banking metals from national bank as of September 25

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 25/09/19

National bank of Ukraine’s official rates as of 25/09/19

Source: National Bank of Ukraine

COMMERCIAL REAL ESTATE MARKET IN UKRAINE REMAINS STAGNANT DUE TO LACK OF FOREIGN INVESTORS

The low standard of quality in the commercial real estate market in Ukraine and a lack of systemic changes are the result of withdrawal of foreign investors, Serhiy Serhiyenko, the managing partner of CBRE Ukraine, has said at the meeting “Global Review of Ukraine’s Economy” in Kyiv.
“In order for this to change, the state needs to be ready to help interact with potential investors. Because the barriers to entering the market are huge. Today there are practically no international investors. They were, they tried, and they practically all left. Now we need a thorough approach from the city and the state to plan competitive business infrastructure,” he added.
The managing partner of CBRE Ukraine said that a lack of international players is the reason for stagnation – almost everyone creates the same product with minimal innovations, while there is no systematic change in the approach to real estate, although there is demand for quality products in the country.
“Today, I would say, the commercial real estate market is in a state of stagnation and underdevelopment. We do not have system investors, we do not have a systematic approach to real estate, we have a very low quality standard, despite the fact that there is demand,” the expert said.
According to him, over the past 4.5 years, more than 500,000 square meters of offices have been leased in the Kyiv market, of which 200,000 were rented by IT companies.
He noted that the demand from IT specialists is huge, but it cannot be satisfied, as many companies need large-scale areas of 20,000-30,000 square meters, which can only be provided by systemic international players.

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