Business news from Ukraine

Business news from Ukraine

RENTAL RATES FOR RETAIL PREMISES IN UKRAINE FALL BY 10% IN H1

In the first half of 2021, in the commercial real estate market of Ukraine, there was a decrease in rental rates for office premises by an average of 0.8%, for retail space – by 10%, at the same time, rent of warehouse premises grew by an average of 3.1%, Director General of the group of companies Uvecon Volodymyr Shalaev has told Interfax-Ukraine.
“Social and economic uncertainty, as well as uncertainty with the further course of the pandemic left their mark on the situation on the commercial real estate market. Prices jumped or sank from one month to another, but one could trace the general trend towards a moderate increase in prices after the next dive,” he said.
As for the facilities put up for sale, in H1 2021 all over the country, offices have risen in price by an average of 8.4%, the cost of premises for retail has decreased by 7.5%, the cost of warehouse premises has increased in price by 8.6%.
Based on the research of Uvecon, the expert said that in the country as a whole H1 2021 there was a decrease in the prices of both rent and sales of retail and office real estate, but in the largest cities the dynamics was somewhat different.
According to Shalaev, the cost of retail space in Kyiv has remained almost unchanged: the rise in prices is an average of 0.4%, to $2,381.4 per square meter, rent increased by 1.3%, to $24 per square meter.
In Dnipro, retail space has risen in price by an average of 7.3% to $1,051.4 per square meter, rent has increased in price by 7% to $15.2 per square meter.
In Odesa, Kharkiv and Lviv, there was a decrease in the value of retail real estate by 24.6% (to $1,184.2 per square meter), 9.5% (to $1,050.3 per square meter) and 6.7% (to $1,464 per square meter) respectively.
At the same time, the average rental rates for retail premises grew in Odesa (by 22.8% to $18.3 per square meter) and in Lviv (by 1.7% to $17.6 per square meter), and in Kharkiv decreased by 8.1% to $15.9 per square meter.
Office real estate grew in major cities, both for sale and for lease, demonstrating a recovery in economic activity.
In Kyiv, in H1 2021, the cost of offices increased by an average of 18.4% to $2,269.5 per square meter, rent increased by 13.3% to $18.7 per square meter.
In Lviv, there was the most significant increase in average selling prices – by 28.7%, to $1,209.9 per square meter, rent rose by 8.1%, to $9.3 per square meter.
In Odesa, the price increase was 13%, to $1,162.8 per square meter, rent increased slightly – 2.8%, to $11 per square meter.
In Kharkiv, the average prices for office space rose by 15.4%, to $1,016.1 per square meter, rent increased by 9%, to $9.7 per square meter, in Dnipro – sale by 13.9%, to $962.9 per square meter, rent – by 3.6%, to $8.7 per square meter.
Shalaev drew attention to the fact that the largest price hike was in the segment of warehouse premises. So, according to him, warehouses in Lviv grew most of all – by 39.6%, to $342.7 per square meter, and rental rates grew by 10.5%, to $4.2 per square meter.
In Kyiv, warehouse real estate grew in price by 30.8%, to $552.7 per square meter, rental rates increased by 8.3%, to $5.2 per square meter, in Dnipro – an increase of 29.5%, to $186.8 per square meter, rent increased by 26.9%, to $3.3 per square meter.
“In Kharkiv, the growth in prices for warehouses was more moderate and in the first six months of this year amounted to only 6.7%, to $204.9 per square meter. Rent increased by 24.1%, to $3.6 per square meter. In Odesa, the cost of this property remained unchanged at $229.6 per square meter, and the rent increased by 8.8%, to $3.7 per square meter,” the expert said.

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PRESIDENT OF UKRAINE ORDERS TO HELP GREECE EXTINGUISH WILDFIRES

President of Ukraine Volodymyr Zelensky has set a task for the government to send 100 Ukrainian firefighters to Greece to help extinguish forest fires.
“I set the task to the government to assist Greece in overcoming the devastating fires in some parts of the country. On Friday, the Cabinet of Ministers is to make a decision to send 100 of our experienced firefighters with the necessary equipment to help Greece,” the head of state said on Twitter on Friday night.

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E-PRESCRIPTION FOR ALL PRESCRIPTION DRUGS TO START WORKING IN MARCH 2022

Ukraine will launch an electronic prescription for all prescription drugs in March 2022, Head of the Parliament Committee on Public Health, Medical Assistance and Medical Insurance MP Mykhailo Radutsky (Servant of the People faction) said.
“Three weeks ago, at a meeting of the committee, I initiated consideration of the issue of introducing an e-prescription. We agreed with the leadership of the Ministry of Health, the National Health Service and the State Expert Center on a clear timetable for the implementation of the project. In general terms, the plan is as follows: in September of this year, a tender is planned for the development of software for the e-prescription introduction in the electronic health care system. In early 2022, the Ministry of Health will conduct training for doctors and pharmacists on how to use the system. The E-prescription for insulin drugs will start working in October, for all prescription drugs – in March 2022,” he wrote on Facebook.
As Radutsky said, with the introduction of the e-prescription, the uncontrolled sale of drugs, in particular antibiotics, will stop, and control over the prescription of drugs will appear.
“Already in 2021, the patient’s electronic medical record should start working. All information about the patient, the treatment plan, prescribed medications will be collected there. With the advent of the e-prescription, the doctor will be forced to prescribe drugs not at his own discretion, but according to the treatment plan – in accordance with the approved protocols. Accordingly, it will be possible to control the correctness of the actions of a medical worker,” he said.

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5,000 HASIDIC PILGRIMS ARRIVE IN UMAN

About 5,000 Hasidic pilgrims have already arrived in Uman, Cherkasy region to celebrate the New Year according to the Jewish calendar (Rosh Hashanah), which this year will take place from 6 to 8 September, according to the Wikka Cherkasy publication.
“This year, pilgrims travel to Ukraine in advance, because last year, due to enhanced anti-epidemic measures to prevent the spread of coronavirus, not everyone was able to attend the celebration of Rosh Hashanah in Uman,” the message says.
According to the newspaper, head of the State Migration Service in Cherkasy region Ivan Shapran paid a working visit to Uman and coordinated with the staff of the Uman department of the institution further steps to prevent and identify violators of migration legislation.
Israeli citizens can use a visa-free travel regime while on the territory of Ukraine for up to 90 days within 180 days.

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MTIBU EXCLUDES 2 COMPANIES FROM ITS MEMBERS

The Motor (Transport) Insurance Bureau of Ukraine has excluded U.S.I. insurance company (Kyiv) and Kharkiv Municipal Insurance Company from the bureau’s associate members, the MTIBU told Interfax-Ukraine
The reason for this decision was the two-month indebtedness of the insurers to pay the guarantee fee to the MTIBU’s funds.
As reported, on April 20, 2021, the MTIBU reported that U.S.I. loses the right to conclude new contracts of compulsory insurance of civil liability of land vehicle owners (OSAGO), since a day earlier the NBU applied to it a measure in the form of suspension of licenses to carry out activities. For failure by the company to meet the solvency and capital adequacy standards, as well as the riskiness of operations, the formed insurance reserves were not placed in certain categories of eligible assets in full.
According to the data of the bureau, U.S.I. in 2020 entered into 87,050 contracts, premiums for which amounted to UAH 65.868 million, and paid to clients UAH 12.713 million.
Kharkiv Municipal Insurance Company in the first quarter of 2021 raised UAH 6.3 million of gross insurance premiums for OSAGO, paid UAH 1.33 million.

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MASS HORSE BATTLES WILL TAKE PLACE IN THE KYIV REGION

On August, 7 and 8 in Ancient Kyiv in the Principality of Kyivan Rus («Kyivan Rus Park») a horse and historical festival «Bylinas of Ancient Kyiv» will take place. A rich program with the performances on the ancient bylinas` theme, horse-trick shows, the performances on ancient martial arts, mass horse attacks, colorful medieval amusements, master-classes, dishes, prepared on fire, horse riding and a lot of interesting things from the life of Kyivan Rus will be waiting for the guests.
On August, 7 and 8 the program will start around 13:30 with the solemn opening with the participation of historical characters, the parade of the princely flags and the impressive appearance of the horse druzhina.
After this on the big tilting yard of Ancient Kyiv ancient Slavic bylinas, telling in a bright form about the life of our ancestors, will come to life in front of the guests. In spectacular stagings the visitors of the festival will see plenty of stories from the history of Kyivan Rus, will deepen their knowledge about the pre-Christian epoch of our land and will learn about the legendary historical persons, who played fateful roles in the development of our country.
The guests will also see the reconstructions of medieval horse battles with the use of medieval weapon. Experienced actors-stuntmen will amaze the viewers with spectacular tricks on a horseback and the medieval weapon possession: bow, swords, spears. Also the guests will see horse cavalcades, fire effects, cavalry gatherings and graceful horse rides.
Several tens of horses of rare ancient breeds, collected from all over the world in the Princely stable, will take part in the performances. Some of them can be found nowhere else in Ukraine, because they were brought to Ukraine in a single number. Everyone will be able to walk up to these beautiful animals, palm them, take photos with, ride them on a horseback or in a carriage.
On Saturday, August 7, from 20:00 on the Dytynetz of Ancient Kyiv, the guests will be awaited by an enchanting night program with fire special effects and shooting fire balls from the trebuchet – the only huge functioning siege weapon in Ukraine.
The guests will feel themselves as not just spectators, but will be able to plunge into the life of a medieval city. Adults and children will be invited to take part in ancient amusements, round dances, dance flash mobs and master-classes.
It will also be possible to shoot a bow, mint a coin «for luck», dress into the costumes of the Kyivan Rus times, visit museums and expositions on the territory. By visiting the soothsayer-fortune teller over a cup of herbal tea, you can obtain the ancient secret knowledge. The fans of extreme sports will be pleased with the «Zmiy Gorynych» speed slide and the «Politaylo» rope descent. In medieval shops you can choose original handmade souvenirs for memory.
In the Medieval cuisine you can taste delicious drinks and dishes prepared on bonfires, both according to ancient and modern recipes.
If you want to extend your journey into the Middle Ages for one more day, you can stay for the night in comfortable rooms (by previous booking).
The «Bylinas of Ancient Kyiv» festival will give an exciting journey through the centuries!
The visit to Ancient Kyiv is subject to the requirements of the quarantine regime.
Ancient Kyiv opens at 10:00, the program starts at 13:30. The end of the program: on Saturday, August, 7, at 21:00; on Sunday, August, 8 – at 19:00.
* The program may be changed.
The ticket price: a full adult ticket – 250 UAH, for pensioners and students – 150 UAH, for schoolchildren – 100 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».