Business news from Ukraine

Business news from Ukraine

SOLUTIONS TO CONTROL AND TO VERIFY YOUR BUSINESS PARTNERS

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;
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– 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);
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– 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

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QUARTER PARTNERS BUYS PART OF SHARES IN DOC.UA SERVICE

Quarter Partners, a private investment fund, has bought shares in the DOC.UA online medical service, the fund said in a press release. The amount of the transaction is not disclosed.
According to Quarter Partners, in 2020 it is planned to launch the DOC.UA service in Uzbekistan, Kazakhstan, and Moldova. The markets of Georgia, Azerbaijan, the Baltic countries and the UAE are also under development.
The head of the supervisory board of EFI GROUP (a group of companies that is the majority owner of the service), Ihor Liski noted that attracting such investments will bring the service to a new level.
“We continue to improve our innovative practices, strengthen the team and its effectiveness. Therefore, Quarter Partners is a reliable partner for us, able to support bringing the project to a new level,” he said.
EFI GROUP (Effective Investments) operates in various sectors of the economy: pulp industry, gas industry, energy, agriculture, woodworking, creative industry, and healthcare.
The DOC.UA service monthly serves more than 700,000 requests. A base of more than 10,000 doctors and 1,700 medical institutions in Ukraine is available to DOC.UA customers.
Quarter Partners fund invests in businesses with a high growth potential for their development and subsequent sale to strategic investors. The founder of the fund is Ukrainian investor Andriy Ivanov. Quarter Partners completed deals on equity raising and selling to strategic investors totaling over $5 billion.

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DEADLINE FOR LAUNCHING METRO TO VYNOHRADAR POSTPONED FOR A YEAR

The deadline for completing construction work to extend the Syretsko-Pecherska line of Kyiv Metropoliten is postponed for a year, Oleh Tokarev, the head of the supervisory board of PJSC Kyivmetrobud, the project’s general contractor, has said at a press conference at Interfax-Ukraine. “The deadline has been disrupted for one year. The launch is postponed for a year,” he said.
“I think it [construction according to the schedule] won’t be completed. Today, the lag is not less than 7-8 months,” Yevhen Shataikin, the chief engineer for the construction of subway to Vynohradar, said.
According to him, currently the work is not carried out in full.
“Since Oleksandr Metelytsia had been actually moved away from solving problems, a systematic non-fulfillment of the schedule began. We were set aside from the process of purchasing equipment. The equipment that was purchased today does not work in full with the speed we foresaw. We are falling behind schedule,” he said.

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EXPERT PREDICTS HIGH COMPETITION IN PRIVATIZATION OF UNITED MINING CHEMICAL COMPANY

BDO Corporate Finance LLC, the adviser to the State Property Fund of Ukraine (SPF) on preparation for privatization and sale of a 100% stake in PrJSC United Mining and Chemical Company, to which Vilnohirsk Mining and Metallurgical Plant (Dnipropetrovsk region) and Irshansk Mining and Processing Plant (Zhytomyr region) were transferred, predicts significant competition among buyers. According to a BDO Corporate Finance press release, the privatization adviser company organized and engaged qualified consultants to audit the company’s financial statements in accordance with IFRS for the nine months of 2019, conduct environmental audit, legal, tax, financial, operational and technological due diligence, valuation of mineral reserves and a 100% stake in accordance with the plan of preparation for privatization.
In December 2019, BDO Corporate Finance began pre-marketing: studying the interest in privatization of the company among qualified potential investors, which include international strategic industrial companies, international specialized investment funds and Ukrainian industrial groups.
BDO Corporate Finance Managing Partner Vitaliy Strukov noted that the company had attracted BDO offices in the UK, Ireland, Germany, France, Belgium, Japan, Hong Kong, China, Australia, the United States and Canada to contact potential buyers faster.

UTG CONSULTING COMPANY LEASES 70,000 SQ M OF RETAIL SPACE IN UKRAINE

Over 70,000 square meters of retail space in trade and entertainment centers in Kyiv and regional centers were leased in 2019 with the participation of UTG consulting company (Kyiv) as a broker, the press service of the company has said. “During the company’s activity and as of the end of 2019 about 4.7 million square meters of space have been leased in various shopping centers in Kyiv and regional centers of Ukraine, of which more than 70,000 square meters this year,” the company said.
As reported, in 2018 space commissioned with the participation of UTG amounted to 72,000 square meters, and in 2017 some 54,000 square meters.
In particular, in 2019 with the assistance of UTG, agreements were signed with Leroy Merlin Ukraine and Multiplex cinema in the Odesa shopping center Riviera.
In addition, the new Kyiv shopping centers Smart Plaza Obolon, Cherry Mall, and others were launched with a 100% occupancy rate.
UTG (Kyiv) was established in 2001. It specializes in consulting commercial and residential real estate, brokerage of retail premises and comprehensive support of development projects.

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ANALYSTS AT CREDIT SUISSE BANK FORECAST ECONOMIC GROWTH OF UKRAINE AT 4% IN 2020-2021

Analysts at Credit Suisse Bank forecast the economic growth of Ukraine at 4% and higher in 2020 and 2021, according to a bank report. “Our main expectation from the Ukrainian economy is that in the coming years it will grow at or above 4%, which is slightly higher than its potential,” the report said.
“If our viewpoint is correct, investors should consider the possibility of a higher payout ratio for GDP warrants from 2021 (40% instead of 15% if real GDP growth reaches 4%),” analysts said.
At the same time, interest in the Ukrainian securities market will continue this year, which will support the national currency rate. However, the NBU will continue to participate in foreign exchange interventions, restraining the further strengthening of the hryvnia, Credit Suisse suggests.
“In the future, we expect a moderate weakening of the hryvnia against a background of a lower difference in interest rates, a wider current account deficit and a more active NBU policy to curb the strengthening of the hryvnia,” the report said.
The central bank will also continue to steadily lower the discount rate in 2020, analysts suggest.

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