Business news from Ukraine

SHORTAGE OF RETAIL SPACE SEEN IN IVANO-FRANKIVSK – EXPERT

Average vacancy in shopping centers of Ivano-Frankivsk in Q2 2019 is 3.9%, developers retain low construction activity: the terms of commissioning of three shopping and entertainment centers were postponed indefinitely, UTG consulting company (Kyiv) has reported. “The interest of retailers in the Ivano-Frankivsk market is very high. In the shopping centers of the city, there is a demand for fashion, entertainment and catering brands. The availability of professional retail space corresponds to 334.9 square meters per 1,000 inhabitants – below the average for Ukraine. The shortage of retail premises is 27,500 square meters, whereas for 2019-2020 only a building on the territory of the Holovny market with a lettable area of 4,800 square meters was declared for opening, UTG analyst Oksana Havrylevych told Interfax-Ukraine.
According to her, in the city, most of the existing and leading shopping centers were opened in 2004-2014. By now they are morally and physically obsolete.
According to her, in the most high-quality facilities rentals for the premises of the fashion gallery area of 50-100 square meters ranges $15-20 excluding VAT. The total market offer of Ivano-Frankivsk over the past five years has been replenished with only a few small facilities with an area of 1,000-2,000 square meters.
Thus, at the beginning of 2019, three district, eight micro district, 11 specialized, two entertainment centers and four detached hypermarkets were operating in Ivano-Frankivsk.
According to the ICSC classification, excluding small shops and premises of the street-retail format, city markets and detached super-and hypermarkets, the total area of the city’s retail facilities is 87,300 square meters, which corresponds to an indicator of 1,043 square meters per 1 square kilometer of the total area of the city.

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NUMBER OF GREEN CARD INSURANCE CONTRACTS IN UKRAINE UP BY 50%

The number of Green Card international insurance contracts signed by the companies that are members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) increased by 50.3% in January-May 2019 compared with January-May 2018, to 299,531.
According to the MTIBU’s website, the amount of accrued insurance premiums for this period rose by 39.06% compared to the same period last year, to UAH 737.1 million.
At the same time, the amount of compensation paid under the claims grew by 0.44%, to EUR 4.779 million.
The number of settled claims fell by 1.04%, to 2,098.

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UKRAINE CUTS COAL CONSUMPTION IN JAN-MAY

Ukraine’s thermal power plants (TPP) and combined heat and power plants (CHPP) in January-May 2019 reduced coal consumption by 4.4% (or 498,400 tonnes) compared to the same period in 2018, to 10.71 million tonnes.
According to the Ministry of Energy and Coal Industry, in May 2019, coal consumption at TPPs and CHPPs increased by 1% (or 18,100 tonnes) compared to the same month of 2018, to 1.835 million tonnes.
As reported, consumption of steam coal by TPPs and CHPPs in the country in 2018 increased by 5.7% (1.409 million tonnes) compared with 2017, to 26.22 million tonnes.
The use of gas coal rose by 11.1% (2.74 million tonnes), to 20.813 million tonnes, while that of anthracite decreased by 11% (665,600 tonnes), to 5.408 million tonnes.
The share of anthracite consumption in the total amount of coal consumed by thermal generation plants in 2018 was 20.6% against 24.5% in 2017 and 40.9% in 2016, the figures for gas coal stood at 79.4%, 75.5% and 59.1% respectively.

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NUMBER OF UNEMPLOYED IN 2018-2019

Number of unemployed in 2018-2019

UKRAINIAN POPULATION BY REGIONS AS OF MAY 1, 2019 (IN PERSONS)

Ukrainian population by regions as of may 1, 2019 (in persons)

UKRAINIAN STATE FISCAL SERVICE AUTHORIZES EXPORTER STATUS TO 239 ENTERPRISES THAT SUPPLY GOODS TO EU

The State Fiscal Service (SFS) has announced that authorized exporter status has been granted to 239 enterprises that supply goods to the European Union. “In Ukraine, 239 enterprises that export goods to the EU countries received authorized exporter status as of July 2, 2019,” the agency said on Facebook.
As explained by the SFS, these companies can process goods at customs, using a simplified procedure, that is, without issuing a EUR.1 certificate, they can independently declare the preferential origin of goods in commercial documents.
In addition, the SFS noted that a Finance Ministry order amending the procedure for granting and cancelling such status by the customs came into force on June 21 this year.

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