Business news from Ukraine

Business news from Ukraine

NOVUS INVESTS UAH 161 MLN IN OPENING OF LARGEST STORE OF CHAIN

Novus Ukraine LLC (Kyiv), the managing company of the Novus hypermarket and supermarket chain and Novus Express proximity stores chain in Ukraine, on September 21 officially opened the largest supermarket of the chain in the Sky Mall.
“We entered this facility at the beginning of summer, that is, construction took about three and a half months. Investments totaled UAH 161 million. This is the largest outlet in the network, which contains the largest production facilities, the widest range of shelves and the largest online shop that will service two large areas – Troyeschyna and Obolon,” Director General of Novus Ukraine LLC Mark Petkevich said at a press conference on the grand opening of the store on Saturday.
The store became the 28th Novus store in Kyiv and the 36th in Kyiv region. The supermarket’s range of goods includes 50,000 items of goods, including 5,000 items of own import. The total area of the facility is 12,000 square meters, of which 6,300 were used for retail space. The remaining areas are reserved for storage, production facilities, an online store, administrative premises, recreation areas for staff.
As Petkevich said, products from the Novus store are delivered through a partner – Zakaz.ua. The launch is expected a week after all processes are established in the new store.
“This is the fourth Internet point, after the opening of the fifth point next year in the Varshavsky microdistrict, we will be able to serve the entire Kyiv city and the region,” the company’s director general said.
Novus Ukraine LLC was established in 2008, in the same year the first Novus supermarket in the country was opened. The development of the Novus supermarket chain is carried out by BT Invest (Lithuania).

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COAL STOCKS IN THERMAL POWER PLANTS’ WAREHOUSES IN SEPT GROW BY 55.7%

Coal reserves in the warehouses of thermal power plants (TPP) of Ukraine’s energy generating companies as of September 23, 2019, totaled 1.072 million tonnes, which was 55.7% (383,700 tonnes) more than in early September, but 36.9% (626,000 tonnes) down year–over–year, according to the Energy and Environment Protection Ministry.
Interfax-Ukraine’s estimates show that since the start of autumn, anthracite coal reserves in thermal power plants’ warehouses have increased by 12.3%, or by 29,200 tonnes, to 265,800 tonnes (31.1%, or 63,100 tonnes up year-over–year). Gas coal reserves for the reporting period have grown by 78.4%, or 354,400 tonnes, to 806,200 tonnes (46%, 689,100 tonnes, down year-over-year.
Anthracite and gas coal reserves in the warehouses of cogeneration plants (CHPP) from the beginning of the month have increased by 2.4%, or 33,100 tonnes, to 131,400 tonnes. However, this is 54.1%, or 155,000 tonnes, down on last year’s reserves.
As reported, consumption of thermal coal by Ukraine’s TPPs and CHPPs in 2018 grew by 5.7%, or 1.409 million tonnes, compared to 2017, to 26.22 million tonnes.

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ZELENSKY SIGNS IMPEACHMENT LAW

President of Ukraine Volodymyr Zelensky has signed the law “On a special procedure for removing the president of Ukraine from office (impeachment)” (No. 1012) adopted by the Verkhovna Rada.
On September 23, the bill was “returned with the signature of the president,” the parliament’s website said.
As reported, on September 10, the Verkhovna Rada adopted on the whole the presidential bill No. 1012, according to which the parliament can remove the president of Ukraine from office by impeachment only if he commits treason or another crime.
When a motion of impeachment is added to the Verkhovna Rada’s agenda, an ad hoc investigative commission is set up to look into the fact and circumstances of the president’s treason or other crime.
After the Verkhovna Rada decides to impeach the president, the parliament must appeal to the Constitutional and Supreme Courts.
“If the Constitutional and Supreme Courts confirm the constitutionality of the investigative and impeachment procedures and signs of treason or another crime committed by the Ukrainian president, the Verkhovna Rada … decides to remove the Ukrainian president from office as a result of impeachment … The relevant resolution passes according to at least three quarters of a constitutional majority of Verkhovna Rada deputies,” the bill says.
If the impeachment resolution does not pass, the Verkhovna Rada chairman will apologize to the president.

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CENTRAL BANK BOOSTS CURRENCY PURCHASES BY 36.2% LAST WEEK

The National Bank of Ukraine (NBU) bought $269.6 million on the interbank foreign exchange market from September 16 to September 20, which is 36.2% more than the previous week.
Some $80 million was purchased at the best purchase price (using a matching tool), $189.6 million was purchased at a flat rate (using the matching tool), the NBU said on its website. The central bank did not sell currency last week.
Since the beginning of 2019, the NBU has bought $3.81 billion and sold $248.23 million on the interbank market. In particular, the National Bank bought $582.1 million in the three weeks of September, purchases from August 5 to August 30 totaled $316 million, they amounted to $760.9 million in July and $322.3 million in June.

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TURKEY TAKES INTEREST IN UKRAINIAN AN-178 AIRCRAFT – MEETING OF INTERIOR MINISTERS

Turkey showed interest in the Ukrainian An-178 aircraft, this issue was discussed at a meeting of Interior Minister of Ukraine Arsen Avakov and Interior Minister of Turkey Süleyman Soylu.
“Our An-178 aircraft is presented at the modern technology exhibition in Istanbul, which we are honored to attend. The Ministry of Internal Affairs of Ukraine plans to purchase 13 such aircraft for the State Emergencies Service to eliminate fires and for the National Guard. I hope the Turkish side will pay attention to our An-178,” the press service of the Ministry of Internal Affairs quoted Avakov as saying.
In turn, the Turkish interior minister praised the An-178 and expressed interest in this aircraft.
“The An-178 is a very good aircraft. In addition, our Mi-17 helicopters are being modernized in Ukraine, six of which we have already received. For us, this is an example of very successful cooperation with you,” Soylu said.
Avakov invited him to visit Ukraine. “I really hope that you will visit Ukraine at the end of the month. We will have large-scale exercises that you should see. In addition, I will show you new modernized models of the Mi-8 helicopter. And Airbus will present the helicopters that they supply for the Ministry of Internal Affairs of Ukraine,” he said.
In response, Soylu suggested that he would most likely come to Ukraine.
The multi-purpose transport aircraft An-178 was developed at the Antonov state-owned enterprise, which is part of state-run Ukroboronprom. About 200 companies from 15 countries are involved in production cooperation under the An-178 program.
The flight altitude of the An-178 is 12 km, the range is 5,500 km, and the maximum speed is 825 km/h. The aircraft has a modified fuselage shape, a ramp for loading and unloading oversized cargo and is capable of transporting up to 18 tonnes of cargo, including heavy sea containers. It can land and take off from any airdromes, including unpaved ones.
The An-178 made its first flight on May 7, 2015. In July 2018, Ukroboronprom presented the An-178 at the Farnborough Airshow international aerospace show, where the aircraft performed a demonstration flight.

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KYIV MAYOR VITALI KLITSCHKO APPOINTS MAKSYM BAKHMATOV AS HIS ADVISOR

Kyiv Mayor Vitali Klitchko has appointed Maksym Bakhmatov as his advisor.
“I’m glad to introduce Maksym Bakhmatov,” Klitschko said at a press conference in Kyiv on Monday adding that the city longs for a crisis manager, who will be able to face new challenges.
According to mayor, in future Bakhmatov will become his deputy, who will be responsible for the introduction of IT in city management, investment activities issues, urban planning and anti-corruption policies.
Born in 1978, Bakhmatov is Ukrainian entrepreneur in IT and innovations sector. Through 2015-2017, he was Director General of the Expocenter of Ukraine National Complex. Previously he was TV host, producer, performer in Club of the Cheerful and Sharp-witted and Comedy Club in Kyiv.

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