Business news from Ukraine

Business news from Ukraine

VIDEO GAMES BECOMING ANALOGUE OF SOCIAL NETWORKS – UKRAINIAN EXPERT

Video games are becoming an analogue of social networks, according to CEO of the DMarket in-game item trading platform Vlad Panchenko.
“Now, games are becoming social networks and, for example, the same Facebook and TikTok understand this very well. Their task is to make social networks games, to come up with a form and format where achievements, gameplay, 5G will be perfectly combined. And such a formula is already in development, there is no doubt,” he said in an interview with Interfax-Ukraine.
Panchenko also said that the monetization of the gaming industry has something in common with the monetization of multimedia. “If before the main method of earning for a game developer was from the actual sale of the game, now a lot will be packed into subscription services. The market is actively moving towards the fact that the developer will be paid, in fact, for user time spent in the game,” the DMarket CEO said.
He also expressed confidence that the next step in the development of the gaming business will be the introduction of the 5G mobile standard. “Closer to 2023 in a number of countries there will be enough 5G Internet so that users can play a GTA session that they started at home on a good phone on their way to work. Or continue playing Hearthstone, jumping from the phone, for example, to the refrigerator, not even to a TV panel. Such opportunities greatly transform the concept of games,” he said.
As reported, referring to Wargaming, which were citing data from the NewZoo report, the annual income of the video game industry in Ukraine in 2018 amounted to $179.2 million. This is 13.6% more than in 2017: then the Ukrainians spent $157 million on games.

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UKRAINIAN PRESIDENT SUBMITS BILL AMENDING CUSTOMS CODE

Bill No. 3194 on amendments to the Customs Code of Ukraine in connection with reform of the prosecution system and changes in the judicial system of Ukraine has been submitted to the Verkhovna Rada upon the initiative of Ukrainian President Volodymyr Zelensky. A relevant repost was posted on the parliament’s website.
The bill was submitted to the parliament on Tuesday, March 10, and marked by the president as urgent. The document will be considered by the Verkhovna Rada Committee on Finance, Tax and Customs Policy before sending it to the parliament for consideration.
The text of the bill and accompanying documents have not been made public on the parliament’s website.

OFFICE SPACE VACANCY IN KYIV GROWS TO 8.5%

Amid growing new supply the share of vacant space on the office real estate market in Kyi grew by 4.2 percentage points (pp) in 2019 compared with 2018, to 8.5%, CBRE Ukraine consulting company (Kyiv) has said in a press release. “The highest vacancy rate was recorded in areas with a non-center location (19.2%), due to the Sigma and Wave Tower business centers went live in 2019, which remained unfilled by the end of the year. The Pechersky district had the lowest vacancy rate (2.7%), where in 2019 new areas were not presented to the market,” the report says.
According to the experts, the rental rate for the best office premises increased 8% and by the end of the year amounted to $27 per sq. m. a month, which is associated with a limited supply of quality space.
“In the available class A office space, the declared rental rates varied in the range of $26- $45 per sq. m a month in the fourth quarter, and class B rental rates ranged $14- $30 per sq. m. a month. The significant gap between the lower and upper limits of the range is due to the characteristics of the rental space and the location of an office center, which are the main factors determining the high level of rental rates,” CBRE Ukraine said.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MARCH 10

Official rates of banking metals from national bank as of March 10

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 10/03/20

National bank of Ukraine’s official rates as of 10/03/20

Source: National Bank of Ukraine

EXPORT MARKETS GET MORE ACCESSIBLE WITH HELP OF DUN & BRADSTREET AND INTERFAX-UKRAINE

To enter new export markets and check counterparties around the world, Interfax-Ukraine offers products and solutions from Dun & Bradstreet (NYSE: DNB), the world’s leader on the market of information about legal entities. Products of the D&B group (Dun & Bradstreet):
GRS (Global Reference Solution) is a global online corporate directory that helps carry out an express analysis of marketing environment, search for partners and clients, verify addresses. Being available on the Internet, it covers 230 million companies all over the world.
D&B Report – business inquiries of companies (Business Information Report) – obtaining an extending examination of the activities of any company worldwide. Data are received within 3-14 days, depending on the country.
D&B KYC Report (Know Your Customer) – checking companies for being in the black and sanctions lists around the world. With the help of D&B’s capabilities, you and your employees will be able to:
– check foreign partners and counterparties in all countries;
– build corporate relations of companies;
– minimize the risks of payments and contract performance;
– search for potential customers and partners around the world.
D&B’s business valuation ratings are the global benchmark for making decisions on cooperation. At the same time, due to the volume of orders and well-practiced procedure for doing business, D&B services are affordable, while access to information has a convenient interface.
Our solutions can be useful for:
– marketing departments (direct marketing, telemarketing, market research, analysis of competitors, search and evaluation of suppliers of products and services);
– sales departments (forming a client base, searching for reliable contacts);
– procurement departments (evaluation of counterparties and association of suppliers within corporate relationships);
– risk managers (evaluation of the risks of interaction with counterparties, partners and customers);
– financial departments (checking counterparties and preparing reports, including on transfer pricing);
– legal departments (reference information on counterparties);
– security services (accurate and thorough inspection of companies).
Interfax-Ukraine is an authorized partner of D&B (Dun & Bradstreet) in Ukraine.
Maksim Urakin is the project manager.
For consultations, as well as cooperation, please contact Interfax-Ukraine’s commercial department by phone:
+38 (044) 270 6574,
e-mail: urakin@interfax.kiev.ua
www.dnb.ua

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