Business news from Ukraine

Business news from Ukraine

“Kyivstar” and Vodafone reported UAH 15.7 bln in taxes and UAH 7.5 bln in investments

Ukraine’s largest mobile operator “Kyivstar” in a year of war paid 10.7 billion UAH of taxes and invested in technological development of 3.5 billion UAH, the president of the company, Alexander Komarov said on Facebook.
The second largest operator “Vodafone Ukraine” reported paying 4.97 billion UAH of taxes and fees in 2022 and almost 4 billion UAH of investments in support and development of telecom infrastructure in Ukraine.
“92% of the network is working as usual today. This is an incredible result, given that 8% are in the occupied territories. At the same time we returned connection to 815 settlements, where we built more than 600 base stations (BS). More 700 new base stations of 4G standard were built, which increased the 4G coverage by 20%”, – wrote Komarov.
He added that the generating capacity of Kyivstar reached 39.2 MW thanks to increase of the number of diesel generators by 75% and installation of 18 thousand new batteries.
“As of today 88% of the network in the country is working in normal mode” – stated “Vodafone Ukraine”.
According to the company, 581 base stations were resumed and 2.9 thousand km of fiber-optic cable were repaired, thanks to which it was possible to restore the availability of services to people in 759 settlements of the country.
“Vodafone Ukraine” also reported that 723 base stations were launched in new locations, 414 additional mobile generators were purchased and 24.71 thousand batteries were replaced.

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Import of goods in jan-oct 2022 in most important positions and in relation to same period in 2021

Import of goods in jan-oct 2022 in most important positions and in relation to same period in 2021

Source: Open4Business.com.ua and experts.news

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7 shopping centers will be opened this year in Ukraine – experts

The retail real estate market has not halted its development under war conditions, the opening of seven shopping centers in 2023 has been announced, as Director of Ukrainian Trade Guild (UTG) Eugenia Loktionova said to the Interfax-Ukraine news agency.
The expert noted that after February 24, 2022 all operators of commercial real estate market have revised their business plans.
At the beginning of 2022, about 20 shopping centers announced their imminent opening. For example, three malls were planned to be opened in Kyiv, Odesa and Khmelnytskyi, and one in Kharkiv, Ivano-Frankivsk, Lviv, Ternopil, Rivne, Uzhgorod and Zhytomyr.
In fact, only nine shopping centers were opened in 2022. The largest in Lviv and the region: Fabrik, Epicenter, Laz-695, Maidan, and Dom Interieri. Also opened MFC Lake Plaza in Kiev, MFC Pannonia in Uzhgorod, Happy Mall in Rivne and MFC Prut in Kolomyia, Ivano-Frankivsk region.
“The others, even those already ready for launch, postponed the opening date. Among the risks of launching the mall in today’s conditions, first of all, is the possibility of missile attacks and destruction due to military action. Then we need to consider the work with virtually minimal rental income, because almost all the shopping centers, except for those that are located in the western part of the country, due to migration of the population, most of the visitors were missed” – said Ms. Loktionova.
But at the same time, according to the head of UTG, even in conditions of military operations in areas where there is no hot phase and no risk to life of visitors and employees, it is necessary to open the shopping mall.
The expert notes that in the near future, due to the activity of military operations, launches of new shopping malls should not be expected in the eastern and northeastern regions of the country.
“It is clear that developers have no possibility to plan anything, if every day cities can be under shelling and the threat of rocket attacks. That’s why development in the retail real estate sector correlates with the map of military operations. But after the end of hostilities our country should quickly revive and become even better,” she explained.
At the same time, she said, has retained, and sometimes even increased the activity of retail real estate developers in western Ukraine, especially in cities such as Lutsk, Ivano-Frankivsk, Lviv, Chernivtsi, as well as in the border town of Izmail.
According to Loktionova, shopping center “Odis” is planned to be launched in Ismail in April this year, its leasable area (GLA) is 2 thousand square meters, total (GBA) is 2,5 thousand square meters.
At the end of 2023 REC “Pokrovsky” in Izmail (GLA 4,5 thousand sq.m., GBA 5,3 thousand sq.m.) and a large-scale project of Planeta Mall in Kharkov (GLA 70 thousand sq.m., GBA 110 thousand sq.m.) are expected to be launched.
The opening of Aquarelle and Mercury shopping centers, the second phase of Veles shopping center in Ivano-Frankivsk, Temp shopping center in Khmelnitsky, Vector shopping center in Truskavets and Park shopping center in Drohobych, Lviv region is also announced for 2023.
At the same time the opening of shopping and entertainment center White Lines in Kiev (GLA 27 thousand sq. m, GBA 40 thousand sq. m) is postponed for the next year 2024. The opening of Proskyrov Plaza Shopping and Entertainment Centre (Khmelnitsky) and Brigantina Shopping and Entertainment Centre (Vinnitsa) is announced for the end of 2024.
“Now, as we forecasted earlier, the most popular formats are small shopping centers of regional format with the area of 10-15 thousand square meters. Exactly such objects showed themselves to be the most stable at the moment. As for the chances of realization of the previously announced large-scale projects in the capital, there will be no changes before the end of the war”, – Ms. Loktionova said.
As for tenants, the ratio of system and local players depends on the region and the size of the project, she said.
“If the mall is located in a city with a large number of potential visitors, has a substantial area that meets the requirements of the system players, then in such objects their share will be higher than in smaller shopping centers (where local players used to prevail). However, now the issue of security (as much as possible in the current environment) of the location has come to the forefront.
Therefore, many system players have begun to consider proposals to locate in shopping centers in Western areas, which are smaller in scale in comparison with those built in cities with a population of millions”, – said Ms. Loktionova.
UTG was founded in 2001. Has developed more than 1300 concepts of real estate. Over the years, with the participation of the company leased 4.7 million square meters of commercial space in Ukraine.

Ursula von der Leyen: Start of EU accession negotiations depends directly on Ukraine

President of the European Commission, Ursula von der Leyen, once again says that the time frame for the start of negotiations on Ukraine’s accession to the European Union depends on the implementation of the necessary reforms.
She said at a press conference in Tallinn on Friday, answering a question from journalists that the entry process is a process that is evaluated on merit, and depends on the candidate country. And it’s amazing, according to her, to see Ukraine’s commitment to go through this process with incredible speed. She added that Ukrainians need to do a lot more, and it is impressive to see how they, fighting in the war, achieve results.
According to her, such results also indicate the functioning of the administration and an extremely high level of digitalization of the state administration, which is very impressive. Von der Leyen explained that it is in the hands of Ukrainians how they reform, how they improve the status of their country, and the European Commission supports them in it. She said that it is impressive to see Ukraine’s strong desire to join the EU, the desire to thoroughly reform their country at a time when they are fighting the aggressor. It’s in their hands, she added. Regarding the process, she announced that the European Union will have an oral presentation to the Member States in the spring of the progress achieved, but more important is the report in the fall, which will include all the candidate countries and their progress over the year.

Rozetka has increased its network by 10% in year

Ukrainian online retailer Rozetka, which lost 25 stores due to Russia’s military aggression at the beginning of April 2022, was able to increase its number by 10%, or 27 stores, a year after the war began.
“In February 2023, the company has 297 stores; in February 2022, it had 270. Most outlets are its own,” Rozetka co-founder Vladyslav Chechetkin told Ukrainian Forbes.
According to him, the company’s total turnover (GMV) in the fourth quarter of last year showed the best result ever.
“According to GMV in the fourth quarter of 2022 we showed the best result in our history. That is, Rozetka’s revenue and those funds for goods on the marketplace, which passed through the accounts of the company, showed an absolute record in our history, in UAH”, – said the co-founder of Rozetka.
However, the company’s profit in 2022 compared to 2021 decreased, he added, specifying that it is not about “raz,” but about “percent.”
As of the end of October, the company reported that it had 254 distribution points in 73 locations in Ukraine.
Online store of electronics and home appliances Rozetka was founded in 2005 in Kiev by Vladislav and Irina Chechetkina. In the following years the company was transformed into a multicategory online marketplace. In December 2022, Rozetka had a monthly traffic of 40 million people.
Revenues of Rozetka.ua (the main legal entity of Rozetka) in 2021 increased by 17.5% – to 21.17 billion UAH, while net profit decreased by 3.3 times – to 34 million UAH.
In the first half of 2022, Rozetka.ua’s revenues decreased by 28.7% to UAH 6.64 billion, while its net profit was close to zero, compared to UAH 26 million in the first half of 2021.

Falcon launcher to launch another batch of 51 small satellites into orbit on Monday

Falcon 9 rocket on Monday launches into orbit with the next batch of 51 mini-satellites to replenish the orbital constellation of the global network of Internet coverage system Starlink, the developer company SpaceX said.
The launch is scheduled from the launch pad SLC-4E at the U.S. Space Force base Vandenberg in California on February 27 at 11:31 a.m. Pacific time (9:31 p.m. Kiev time).
It will be the 75th launch of Internet satellites since May 2019 as part of the Starlink project and the seventh since the beginning of this year. SpaceX has already put into orbit almost 4 thousand such satellites. Some of them have broken down or fallen out of orbit. About 3,700 apparatuses remain in orbit in working condition.
In this case, the first reusable stage launch vehicle Falcon 9, which is used for the 12th time, about nine minutes after the launch will have to make a controlled vertical landing on a floating drone platform Of Course I Still Love You, which is located in the Pacific Ocean, 670 km from the base.

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