Business news from Ukraine

Business news from Ukraine

ARMA has new head

The competition commission elected Elena Duma as the new head of the National Agency for the detection, search and management of assets obtained from corruption and other crimes (ARMA), said MP Yaroslav Zheleznyak (faction “Golos”).
“The results of the competition for the head of ARMA – Elena Duma were announced,” he wrote in his Telegram channel on Wednesday.

Amazon remained global retailer leader for eighth year in row

Brand Amazon remained the leader among global retailers for the eighth consecutive year, despite a 14.6% drop in its value over the past year to $299.3 billion, according to Brand Finance.
By a wide margin in the second and third positions are two other U.S. brands Walmart (up 1.7% to $113.78 billion) and Home Depot (+8.4% to $61.05 billion).
Costco and Lowe’s climbed to fourth and fifth place, respectively, up from sixth and seventh last year. The first brand gained 24.2% in value (to $46.57 billion) and the second has fallen in value by 5.4% (to $31.6 million).
The U.S. drugstore chain CVS, owned by CVS Health Corp. moved up to number six from number ten (+16.7%, to $30.57 billion).
Meanwhile, Chinese online retailers Taobao and Tmall, owned by Alibaba, fell to seventh and ninth from fourth and fifth last year. The value of the first brand fell by 43.2% (to $30.54 billion), the second – by 44.2% (to $27.43 billion).
Rounding out the top 10 is Walgreens, the U.S. drugstore chain which saw its brand go up 9.5% (to $21.56 billion) taking it from twelfth place the year before.
The highest position among European brands is occupied by a German discount supermarket chain Lidl which jumped to the twelfth place from the fourteenth.
The most significant growth in the value of the brand showed a Mexican chain of convenience stores OXXO, which operates throughout Latin America – 56%, to $2.3 billion. He got into the ranking this year and took 91st place.
Meanwhile, famous British online retailer ASOS dropped out of the ranking after its brand value collapsed by more than 40% (to $1.2 billion), the report said.
Among the 100 companies in the ranking of retailers Brand Finance 36 are American, eleven are German, nine are British and seven are Chinese.

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Switzerland has blocked re-export of Leopard 1 tanks to Ukraine

The Swiss authorities said that they rejected a request by arms manufacturing company Ruag AG for permission to sell nearly a hundred Leopard 1 A5 tanks to Germany for their subsequent transfer to Ukraine.
“The Federal Council on June 28 rejected a request from Ruag AG concerning the export of 96 Leopard 1 A5 tanks destined for Ukraine, as it is contrary to current legislation,” the Swiss Federal Council said in a statement issued Wednesday.
The council explained that such a sale would violate Swiss law in force. In addition, the deal “would violate Switzerland’s position on neutrality.”
Ruag AG submitted an export request to the authorities on June 27 for the resale of 96 used and inoperable Leopard 1 A5 tanks. The tanks are currently in storage in Italy and need to be repaired in Germany before being shipped elsewhere.
The Leopard 1 was the main battle tank of the FRG until the 1980s. It was produced from 1965 to 1984 and was in service with the Federal Republic of Germany until 2010. More than a dozen countries still have it in their armed forces, including Greece, Turkey, Brazil, Italy, Chile, Australia and Canada; the tank is continuously upgraded. Totally more than 4.7 thousand tanks of this model were produced. The tank is equipped with a 105mm rifled gun with a load of 60 rounds. The tank is equipped with optical stereoscopic rangefinder, binocular, monocular with night channel and telescopic sights. Speed of the Leopard 1 on a highway is 62 km/h, range – 600 km.

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Change in prices of food raw materials from Ukraine (forecast up to 2025), %

Change in prices of food raw materials from Ukraine (forecast up to 2025), %

Source: Open4Business.com.ua and experts.news

IC “Inter-Policy” changed its board member

June 27, the Supervisory Board of the insurance company “Inter-Policy” terminated the authority of a member of the Board Tatiana Novikova on the basis of her application, reported in the system of the National Commission on Securities and Stock Market (NSCSM).
It was noted that the decision of the Supervisory Board of the company appointed Alexei Shepitko as Acting Member of the Board, who in the past five years has been working as the head of the department of claims settlement of “Guardian” insurance company, the department of property and liability insurance settlement of IC “Inter-Policy”.
As it was informed, IC “Inter-Policy” was founded in 1993. It has 20 licenses for voluntary and compulsory insurance, branches and representative offices in all big regional centers of the country.

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Ukrainian Center in Albania: place for health improvement and creative recreation

A Ukrainian retreat center has opened in Durres, Albania, inviting Ukrainians to engage in restorative bodily and spiritual practices in cozy rooms on the Adriatic Sea.

“Albania is a small and beautiful country in the Balkans with a long and powerful history that has hospitably opened its doors to Ukrainians. Our compatriots are organizing themselves in the community, opening businesses and helping other people. The Ukrainian Center in Durres offers our compatriots, whose emotional and physical condition requires care and attention, a series of restorative and supportive activities in a family atmosphere, in cozy 2-3 bed rooms on the Adriatic coast,” the organizers of the Ukrainian Center in Durres report.

“Family breakfasts and dinners of Ukrainian and Mediterranean cuisine – healthy, tasty and homemade – will be a great addition to the vacation. The hosts cook themselves, with love for their guests and care for the quality of the products. Albanian products are always fresh, natural, and cheap. Given the rising prices in Ukraine and Europe, an Albanian check will make everyone happy,” say the organizers of the Ukrainian Center in Durres.

“In ancient times, Durres, one of the oldest cities in Albania, was one of the world’s centers of worship for the goddess Aphrodite (Venus). Pilgrims from all over the world came here and made offerings to her asking for beauty, love, prosperity and health. These ancient energies still impregnate the city streets, coasts and mountains, which are literally bathed in the light and strong emanations of Aphrodite… Therefore, the Center has created separate caring programs for women. With the help of rehabilitation specialists from all spheres – physical, psycho-emotional and spiritual – 7-day express courses are held here, which include physical and psycho-emotional therapy, anti-stress cosmetology (on request) and art therapy,” the organizers of the Ukrainian Center in Durres emphasize.

These practices, in particular, include visits to places of power, yoga and qigong classes, drawing and dancing, singing and adding to oneself, and elements of vipassana: “The Center’s calendar of meetings and events includes master classes by well-known yoga masters, sound healing, vocal, and meditation. Concerts by Ukrainian musicians are also planned. The retreat center is already bustling with life, and all of our guests who come here will definitely stop by to say hello, have dinner and hang out with friends.”

Couples from Ukraine and other countries, as well as women, are welcome here from July to October.

The Ukrainian Center in Durres also accepts applications for all kinds of tasks that Ukrainians have: from renting, selling and operating an apartment to finding the right doctor, specialist, car, etc.

“We will help you feel at home! We hope that in the future many of our citizens will come to Albania who need to have their own, Ukrainian, not only at home but also in a foreign country,” emphasize the organizers of the Ukrainian Center in Durres.