Business news from Ukraine

ENERGY EFFICIENCY CERTIFICATION OF BUILDINGS BEGINS IN UKRAINE

Ukraine has started issuing energy efficiency certificates for building with defining the class of energy efficiency after an audit, the press service of the Regional Development, Construction, Housing and Utilities Economy Ministry of Ukraine has reported. “The certificate is a necessary tool for the operation of homeowner associations and the Energy Efficiency Fund,” Regional Development, Construction, Housing and Utilities Economy Minister Hennadiy Zubko said.
According to the press service, the energy efficiency certificate allows assessing the energy efficiency of a building and the effect of the implemented measures, and also contains recommendations on the next steps.
“Today [on September 11] we launch the energy auditors market. We have already signed a memorandum with 21 universities to create commissions for the certification of energy auditors. The second important area for us is to launch jointly with the Ministry of Education the “energy auditor” program of study in higher educational institutions. There is an agreement with [Germany’s] GIZ on conducting additional trainings for certified energy auditors not only in Ukraine, but also abroad,” Zubko added.
He also said that the ministry is waiting for the adoption of the energy efficiency bill that will create tools and regulations for more efficient energy consumption, not only in the private sector, but also in industry, aiming to reduce energy consumption in the transport and energy sectors.

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MONEY SUPPLY AND BASE IN UKRAINE 0.3% UP IN AUG – NBU

Money supply in Ukraine in August 2018 increased by 0.3%, to UAH 1.233 trillion, such preliminary data of monetary statistics are posted on the website of the National Bank of Ukraine (NBU).
The country’s monetary base expanded 0.3% last month, to UAH 421.89 billion.
The NBU said that off-bank cash in August shrank by 0.6%, to UAH 344.17 billion, while ending stock on deposits grew by 0.9%, to UAH 888.66 billion.
Since early 2018, money supply grew by 2% and monetary base – by 5.7%, while off-bank cash rose by 3.5%.

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COMFY LEASES WAREHOUSE OF 21,000 SQ M

Comfy Trade LLC (Dnipro), the owner of a large household appliances and electronics store chain under the Comfy brand in Ukraine, has leased a warehouse with a total space of 21,000 square meters in Velyka Dymerka (Kyiv region) from Raben Ukraine.
Comfy warehouse director Maksym Yakymenko told Interfax-Ukraine that at the end of April 2018 the transfer of the central warehouse of Comfy from Dnipro to Velyka Dymerka was completed.
“The central warehouse of Comfy is located in Velyka Dymerka, Kyiv region. The company leased A+ class premises with an area of 21,000 square meters. Raben leases out the modern warehouse complexes,” he said.
Yakymenko said that it is not planned to locate the fulfillment center, which provides for the implementation of all operations from the moment of registering an online order until the receiving of the product by a client.
“We do not have plans to locate the fulfillment center at the central warehouse. Maybe, in the future we would consider this option,” he said.

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SWEDEN IKEA TO OPEN FIRST STORE IN KYIV

Sweden’s IKEA, the largest furniture and household goods retailer in the world, has officially announced the opening of a first store in Ukraine in the city store format in the shopping and entertainment center Ocean Mall in 2019. “The company will open its first store of the new city format in Kyiv in 2019. It will be one of the first IKEA city stores in the world… along with France, the U.K., Denmark, the United States and China. The store in Kyiv will be located in the shopping and entertainment center Ocean Mall,” the press service of the company said.
According to the announcement, the new format of the stores is smaller in size and located in the central part of the city to satisfy the demands of modern consumers who want to make purchases closer to home, as well as online.
“Taking into account the results of the market and consumer preferences study, our team has chosen the most favorable business model, which will enable IKEA to implement plans in Kyiv in the near future. In the new store of the city format, our buyers will get acquainted with the new IKEA approach to creating a comfortable life for as more people as possible,” IKEA Southeast Europe CEO Stefan Vanoverbeke said.
As reported, the report of the Swedish retailer for 2017 says that the company is testing a new city store format, one with a smaller area and closer to the city.
As was announced earlier, IKEA plans to open stores with an area of up to 5,000 square meters in Warsaw’s Blue City shopping and entertainment mall (Poland) and in the center of Paris (France). They will stock a smaller assortment of goods, with emphasis shifted to online commerce services.
In December 2017, IKEA announced plans to open the first facility in Kyiv within two years.
According to the press service, the development of the network in Ukraine will be under the aegis of IKEA Southeast Europe, which is part of the IKEA Group (Ingka Holding B.V.). The company is engaged in retail business IKEA in Croatia, Serbia, Romania and Slovenia. Swedish IKEA is one of the world’s largest retail chains for furniture and household goods. The owners of the IKEA Group are Ingka Holding B.V. and structures under its control.

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