Business news from Ukraine

Business news from Ukraine

FORA OPENS CHAIN’S LARGEST STORE IN CHERRY MALL TRADE CENTER IN VYSHNEVE

Fozzy Group has opened a new supermarket Fora with an area of 1,500 square meters in the Cherry Mall trade and entertainment center (Vyshneve, Kyiv-Sviatoshynsky district of Kyiv region), expanding the network to 244 objects.
“One of the main anchor tenants, the modern Fora supermarket, has opened in the new Cherry Mall trade center. The operator is located on the ground floor of the shopping center on an area of about 1,500 square meters,” the press service of UTG, the exclusive agent for leasing retail space in Cherry Mall, said.
The assortment of the store includes 5,000 commodity items. In addition to six self-service cash desks, it has five regular cash desks and two express cash desks.
The retailer’s press service told the Interfax-Ukraine agency, the outlet is the largest one in the Fora chain. It became the 244th network object in Ukraine and the 221st one in Kyiv region.
According to UTG, the mall is completing internal repairs on leased space and is preparing for the grand opening of the mall. The total area of Cherry Mall will be 18,000 square meters, rental some 15,000 square meters, while 90% of the space has already been leased.
According to the company’s estimates, attendance at Cherry Mall in the first year will be about 15,000-18,000 people a day with the prospect of further growth to 20,000 people.

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EU ASSESSMENT MISSION TO INTEGRATE WITH EU DIGITAL MARKET STARTS WORK IN UKRAINE

In the Office of the President of Ukraine, Advisor to the Head of State Mykhailo Fedorov had a meeting with the European Union assessment mission with the participation of the European Commission’s DG Connect representatives, the presidential press service has reported.
The purpose of the mission is to assess the readiness of Ukraine’s telecommunications sector to integrate with the EU Digital Single Market (DSM).
“The president’s team clearly understands that further acceleration of economic and social development is possible only in the case of digital transformation. We are willing to fulfill all the conditions quickly to become part of the EU initiative to create a single digital market. These are powerful digital and economic prospects for Ukraine,” Fedorov emphasized.
The DSM strategy is now being successfully implemented in Europe. According to European experts, a single digital market can bring EUR 415 billion annually to a united Europe and create hundreds of thousands of jobs.
The strategy is based on the European values of fair and open competition, open and secure Internet that ensures a free flow of information.
Particular attention was paid to data protection, privacy and cybersecurity issues, including the issue of Internet management.
“The bill ‘On Electronic Communications’ is included in the list of priorities for consideration and approval. The deputies from the future Digital Transformation Committee of the Verkhovna Rada of Ukraine are already actively working on it,” the Advisor to the President of Ukraine added.
Today, the DSM is regarded as Europe’s main asset aimed at adapting European society and business environment to new conditions of doing business in the international arena. Europeans want to ensure an effective development of different sectors of the economy that use digital technologies to innovate so that they remain competitive globally.
The representatives of the EU mission emphasized the need to ensure the independence and capability of the regulator in the telecommunications sector.

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AGRO-INDUSTRIAL GROUP LAUNCHES NEW POULTRY FARM IN WESTERN UKRAINE

The Pan Kurchak agro-industrial group (Lutsk) in July 2019 launched a new poultry farm in Sirnychky (Volyn region), the group said on its website. “All three poultry houses have German equipment. A module boiler will be used to heat. Agidel LLC invested over 50 million in construction of the poultry farm to grow parent flock,” the group said.
The Pan Kurchak agricultural and industrial group was founded in 2001. It is engaged in the cultivation of crops, production and sale of animal feed, breeding broilers and pigs, meat processing.
The owner of the group is Serhiy Martyniak.

KYIV-BASED HELIOS COMPANY BUYS POOL OF ASSETS OF 12 INSOLVENT BANKS

Kyiv-based FC Helios LLC during a trading session in the First Financial Network Ukraine platform acquired a pool of assets of the balance sheets of ten insolvent banks for UAH 90 million, a press service of the Deposit Guarantee Fund reported.
The initial price of the pool of assets was UAH 410.14 million, according to a posting on the website of the fund.
FC Investohills LLC also participated in this Dutch auction.
The pool includes such banks as Finance and Credit, Ukrbusinessbank, Delta Bank, Imexbank, Energobank, VAB Bank, Diamant Bank, Fidobank, Platinum Bank, Radical Bank, Kyivska Rus and Trust.
Natalia Konovalova is owner of FC Helios.

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CATTLE LIVESTOCK IN UKRAINE 4% DOWN, PIG NUMBERS 1.5% DOWN, POULTRY 4% UP

Cattle livestock in Ukraine (excluding the temporarily occupied territory of Crimea, Sevastopol, parts of Donetsk and Luhansk regions) as of August 1, 2019 amounted to 3.72 million animals, which is 4.4% down on the same date in 2018, the State Statistics Service has reported.
The number of cows by this date also decreased by 4.4%, to 1.92 million head.
According to the State Statistics Service, the number of pigs as of August 1, 2019, fell by 1.5%, to 6.5 million animals, the number of sheep and goats declined by 3.2%, to 1.54 million animals compared to the same period of 2018.
At the same time, the number of poultry in the country compared with August 1, 2018, increased by 3.9%, to 257.62 million birds.

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UKRAINE EXPECTS RATIFICATION OF FREE TRADE AGREEMENT WITH ISRAELI KNESSET AFTER ELECTIONS ON SEPT 17

President of Ukraine Volodymyr Zelensky has said Ukraine is awaiting ratification of the free trade agreement (FTA) by the new Knesset after the elections on September 17. “We expect the ratification of the free trade agreement by the new Knesset after the September 17 elections. This will allow increasing the volume of trade between our countries,” Zelensky wrote on his Facebook page on Monday evening following a meeting with Israeli Prime Minister Benjamin Netanyahu.
The president also noted that Ukraine and Israel had signed four important documents that will expand contacts between the countries in education, culture and sports. In addition, close cooperation in the agricultural sector is expected.
“I invited Israeli companies to come to work in Ukraine: to build roads and infrastructure, invest in medicine, education, energy saving and, of course, in IT. In the next five years we will grow rapidly, so Ukraine today is the most attractive place for strategic investors,” Zelensky said.

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