KYIV. May 25 (Interfax-Ukraine) – Opening of Central Department Store (TsUM) in Kyiv after the completion of its reconstruction is scheduled for August 2016, Director for TsUM Space Leasing Andriy Mazhara has said.
“We hope to open in August with occupancy of over 90% [for retail space]. I think this is an achievement for today’s market,” he said on the New Comers forum for shopping malls and retailers in Kyiv on Tuesday.
Mazhara also said that as of May 24 tenancy agreements for over 70% of retail space of the department store were signed.
“I think that we would manage to collect a unique tenant-mix and have large occupation rate. Today we’ve signed over 70% of contracts,” he said.
He said that a major part of tenants would have their premises with decoration and retail equipment.
Head of the TsUM Reconstruction Project Mykhailo Sakun said that a peculiarity of the department store will be the division of product categories among the floors.
The upper floor would place restaurants of medium and prime segments.
Architect of the TsUM Reconstruction Project Natalia Milashevska said that special attention was paid to energy efficiency of the building. The department store would have only LED lighting installed.
Marketing Director Yulia Pysmenna said that the buyer behavior analysis system would be realized in the department store. It would adapt the range of products to meet the needs of buyers.
TsUM was bought by Esta Holding in 2010. The department store was closed for reconstruction in 2012.
KYIV. May 25 (Interfax-Ukraine) – CTP Company (the Netherlands), a large industrial developer in Europe, seeks to start building the STPark industrial park in Lviv in the middle of 2016, Head of the foreign economic relations and investment department of Lviv City Administration Olha Sivak said at the Ukraine-China: New Silk Road investment session on Monday.
The cost of the project is EUR 50 million.
“We hope that this year the first companies for the project would be found. CTP does not build for no special reason – they first find a client and then build infrastructure and communications to meet the client’s requests […] Now CTP is holding negotiations with its portfolio clients in other countries on the possible transfer of production facilities to Lviv or opening new plants here,” Sivak said.
She said that CTP seeks to invest EUR 50 million in construction of A class warehouses on a land parcel of 24 ha. The production area would be over 100,000 square meters.
Sivak also said that local authorities intend to build a multifunctional center for hosting conferences and exhibitions not far from the Arena Lviv stadium on a land parcel of 8 ha.
“We understand that there is big demand on conference industry,” she said.
The area of the conference center would be 27,000 square meters and it would be able to host 3,500 people.
KYIV. May 25 (Interfax-Ukraine) – Hubin poultry farm LLC (Volyn region), part of the Pan Kurchak agro-industrial group, has been placed to the list of companies exporting poultry to the European Union (EU), the company has said on its website.
In March the company commenced poultry shipments to Egypt.
Hubin poultry farm since May 2016 has been one of three Ukrainian poultry producers that had been permitted to supply its products to the EU. Earlier Myronivsky Hliboproduct and Agromars were permitted to ship poultry to the EU states.
“The apparent advantage in organization of supplies to the EU is the favorable location of slaughtering facilities of the farm – only 15 km far from the Ukrainian-Polish border. This contributes to convenient logistics for potential buyers from the EU countries,” the company said.
The company said that it would be able to supply not only frozen, but also cooled products.
The Pan Kurchak agro-industrial group was founded in 2001. It plants crops, produces and sells fodder mixes, breeds chickens and pigs and processes meat.
KYIV. May 25 (Interfax-Ukraine) – The Burisma Group under control of businessman Mykola Zlochevsky in 2016 seeks to increase natural gas production by 50%, taking into account KUB-Gas – from 1.2 billion cubic meters (bcm) to 1.8 bcm, Burisma Chief Executive for Ukrainian Operations Taras Burdeiny has said.
“This year Burisma seeks to drill 16 wells over 4,000 meters deep and five or seven wells of under 4,000 deep… This helps us to achieve the production target of 1.8 bcm, but we set a goal to reach 2 bcm,” he said in an interview with Interfax-Ukraine.
He said that last year Burisma launched a well of 5,620 meters deep. Its daily production rate was 280,000 cubic meters of gas and 25,000 cubic meters of gas condensate
“We have not yet reached the largest horizons. After exploring this well it was decided to drill one more on the Vodianivske field. A well with the projected depth of 5,800 meters would be drilled in May. In five or six months this work will be finished. A 2,870-meter well was dripped on the Proletarske field in 21 days,” he said.
Burdeiny noted that in 2015 the group’s companies paid some UAH 3 billion of taxes to the Ukrainian budget.
Burisma closed a deal on buying a 70% stake in KUB-Gas LLC from Serinus Energy and donating 5% to Cub Energy.
BRUSSELS. May 25 (Interfax-Ukraine) – Ukraine should continue and complete reforms in the energy sector that would indeed open the market for investors, an employee of the Directorate-General for Energy of the European Commission Hans Rhein said during an international expert discussion of the electricity market development in Ukraine on Tuesday in Brussels.
He said that despite the adoption of relevant legislation on the natural gas market in Ukraine, the European Commission still receives claims about the dominant position of national joint-stock company Naftogaz Ukrainy on the market.
“The important issue is the opening of the market… We do not see large investors in Ukraine. I hope they would come soon,” the expert said.
He welcomed the results of reforms in the Ukrainian energy sector conducted in the past two years. He said that they should continue and be finished, in particular, in part of legislative and implementing processes.
Former Director of the Ukrainian Energy and Coal Industry Ministry’s Planning and European Integration Department Mykhailo Bno-Airiian said that the government’s strategy for setting special prices in the energy sector to ensure investment inflow is a mistake.
“The market should provide for free and fair rights, while prices should be market prices. No one should control prices,” the expert said.
He believes that the new government must continue reforms started by the previous government.
KRAMATORSK. May 25 (Interfax-Ukraine) – The Ukrainian business forum devoted to Restoration of Donbas aimed at developing private entrepreneurship in Donetsk region and attracting investment from other Ukrainian regions was held in Pokrovsk (former Krasnoarmiysk) on Tuesday.
The press service of Donetsk regional military-civil administration reported that First Deputy Chairman of Donetsk Regional Administration Yevhen Vilinsky, representatives of the Association of Taxpayers of Ukraine, the State Fiscal Service, lawmakers, self-employed individuals and the public took part in the forum.
Two discussion panels were held. The first one was devoted to political and economic preconditions for revitalizing the region on the territories that are under control of the Ukrainian government. The participants discussed the problems appeared at the enterprises due to the Anti-Terrorist Operation (ATO).
Vilinsky urged businessmen to come to the administration with problems they have and promised help.
“We cannot monitor all red tape problems. We ask for feedback. We are trying to simplify procurement. Donetsk region was the first region that had switched to the ProZorro system. We would also launch a pilot centralized procurement project. They would be implemented under public control. Only in the conditions of competition the new economy of the region could be built,” he said.
The second discussion panel was devoted to the conditions for creating economic incentives for investment in Donbas revival. The participants discussed social partnership and joint steps of authorities and business.
