Epicentr Group continues to invest in the development of all business areas and plans to complete the construction of five shopping and entertainment centers in different regions of Ukraine and a logistics complex in Khmelnytsky by the end of 2024.
“This year, we are planning to build five shopping and entertainment centers and a large logistics complex in Khmelnytsky. The timing of commissioning of these facilities will depend on a number of factors, but the company plans to complete their implementation by the end of 2024,” Epicenter K CEO Petro Mykhailyshyn said in an interview with Property Times.
According to him, the first stage of the complex in Khmelnytskyi will amount to 57 thousand square meters, and further expansion to 80 thousand square meters is planned.
According to Mr. Mykhailyshyn, Epicenter’s current retail projects include more than 1.5 million square meters of new retail space and the creation of more than 16 thousand jobs. The company’s future plans include the construction of new shopping malls in Lviv, Kyiv, Dnipro, Odesa, Zaporizhzhia and other cities, as well as the reform of outdated facilities.
In addition, the company intends to invest in other business areas, including energy. For example, Epicenter intends to purchase 1-6 MW gas-piston power plants to power its businesses and later shopping centers. As Mykhailyshyn told Forbes Ukraine, the total capacity of the gas generators will be about 100 MW, and the estimated investment in the project is estimated at UAH 2.2 billion.
The Epicenter Group is an omnichannel ecosystem that unites the Epicenter and Nova Liniya retail chains, the epicentrk.ua online store, the Epicenter-Agro agricultural holding, the Epicenter Ceramic Corporation ceramic tile production plants, the Osmoloda woodworking plant, and logistics facilities.
Before Russia’s full-scale invasion of Ukraine, the Epicenter chain included more than 80 shopping centers in all regions of the country. The war destroyed seven shopping centers in Mariupol, Nikopol, Bucha, Chernihiv, Kharkiv and Kherson (two). Another three sites (in Melitopol, Kramatorsk and Kharkiv) are out of operation due to the occupation of Ukrainian territories, shelling or proximity to the war zone. As of June 5, the group’s retail network comprised 71 stores under the Epicenter and Nova Liniya brands.
Despite the significant losses, the retailer continues to invest in the economy: in 2022-2023, the company invested over UAH 14.2 billion in various projects. In general, the Epicenter Group’s investment plan until 2030 envisages the development of projects in retail, manufacturing, agriculture, logistics, e-commerce, and energy for a total of approximately UAH 100 billion.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the members of Epicenter K LLC are Oleksandr Gerega (51.3%), Halyna Gerega (47.97%), and Tetiana Surzhyk (0.73%).
The Pranas Gudinas Center for Restoration of Museum Valuables of the Lithuanian National Museum of Art will help restore 100 paintings by Maria Primachenko, the Ukrainian Ministry of Culture and Information Policy said.
“The center is the main training base for restorers of movable art treasures in Lithuania, particularly paintings and tapestries. Master classes, seminars and lectures related to the preservation and care of museum collections are held here,” the press service of the Ministry of Culture said in a statement following a visit to the Center by acting Minister of Culture and Information Policy Rostislav Karandeev.
The Center’s restorers have already examined and restored more than 50 paintings and 1,000 graphic works from Ukrainian museums, and another 600 works and at least two Ukrainian interns are expected in the near future.
“In addition, in the near future in this center will be restored 100 paintings by Maria Primachenko from the state part of the Museum Fund of Ukraine from the funds of the communal institution ‘Zaporizhzhya Regional Art Museum’ of the Zaporizhzhya Regional Council”, – stated in the message.
As of today, paintings from the Ukrainian Khanenko Museum are being restored, and Lithuanians are also restoring a Ukrainian carpet from Mariupol.
On Monday, June 10, it will be cloudy in Kyiv and Kyiv region, with clearings, short-term rains, thunderstorms, hail and squalls of 15-20 m/s are forecast.
According to the Ukrainian Weather Center, the temperature in the region will be 15-20° at night and 25-30° during the day; in Kyiv, 18-20° at night and 26-28° during the day.
Due to the expected hail and squalls in Kyiv and Kyiv region on Monday, the first level of danger (yellow) has been declared.
“Experts recommend avoiding being near large trees, billboards, power lines, and not parking vehicles near them during a thunderstorm. You should also tightly close the windows of houses, remove objects that could fall out from unglazed balconies and loggias,” the statement said.
hail, Hydrometeorological Center, KYIV, squalls, THUNDERSTORMS
Real GDP percentage changes over previous period in 2014-2023
Source: Open4Business.com.ua and experts.news
Canada has extended for another year – until June 9, 2025 – the exemption of Ukrainian goods from customs duties, the relevant customs notice is published on the website of the Canadian government.
“We are sincerely grateful to our Canadian partners for supporting the Ukrainian economy by increasing exports and temporarily eliminating customs duties and trade fees on imports from Ukraine. This is an invaluable contribution to our resilience,” First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko commented on the decision in a tweet.
This decision ensures the continuation of duty-free imports of Ukrainian products to Canada, which began on June 9, 2022.
According to the State Statistics Service, exports of goods from Ukraine to Canada in the first quarter of 2024 increased by almost 2.7 times to $47.43 million, while imports decreased by 43.9% to $45.42 million.
Overall, exports of goods from Ukraine in the first quarter of this year decreased by 2.8% to $10 billion 60.85 million, while imports increased by 1.7% to $15 billion 751.91 million.
French President Emmanuel Macron announced the dissolution of the National Assembly and the scheduling of early parliamentary elections for June 30 and July 7, French newspaper Le Figaro reported.
“I have decided to give you back the choice of your parliamentary future. It is a serious and weighty decision, but above all, it is an act of trust,” Macron said in a video message posted on social network X.
The first round of elections will be held on June 30, with the second round on July 7.
Macron’s list was defeated in the European Parliament elections, taking half as many as the right-wing National Union.
According to Macron, this result “is not a good result for parties defending Europe.” He added that the far-right was gaining popularity everywhere on the continent.
“I cannot act as if nothing has happened….. That is why, having carried out the consultations required by Article 12 of our Constitution, I have decided to once again give you the choice of our parliamentary future by voting. In a few minutes, I will sign a decree calling parliamentary elections to be held on June 30, the first round, and July 7, the second round,” the French leader said.
