Business news from Ukraine

Business news from Ukraine

RIVER MALL SHOPPING AND ENTERTAINMENT CENTER IN KYIV

Vilna Ukraine news agency LLC (Kyiv), owned by the former owners of Aval Bank, on August 8 opened the new River Mall shopping and entertainment center with a total area of 140,000 square meters at 12 Dniprovska Embankment in Darnytsky district of Kyiv.
According to Colliers International (Ukraine), an exclusive broker of the shopping and entertainment center, its concept was developed by the Archpassage Ukraine architectural group together with the international architectural company ChapmanTaylor.
The rental area of the mall is 64,000 square meters. The complex includes a shopping center (55,500 sq m), multi-level ground and underground parking lots for 1,550 cars, as well as a business center and an aqua park. The co-owner of the mall, Serhiy Vovchenko, earlier told Interfax-Ukraine the opening of the water park is planned for summer 2020.
The Planet Kino cinema with an IMAX hall began operating in River Mall on August 1.
River Mall consists of five levels: three on the ground, with shops, a cinema and a food court, and two underground with a parking lot and a supermarket.

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LAND REFORM TO BE CONDUCTED IN UKRAINE THIS YEAR

Ukrainian President Volodymyr Zelensky has said that this year the land reform will be conducted in the country, which would allow creating the land market in 2020.
“This year we shall certainly conduct the land reform, which will allow creating the 40 million ha land market next year,” he said at the Ukrainian-Turkish business forum in Istanbul on Thursday.

PRESIDENT OF UKRAINE SIGNS LAW ON GREEN LICENSE PLATES FOR ELECTRIC CARS

President of Ukraine Volodymyr Zelensky has signed law No. 10405, which introduces green license plates for electric vehicles, as well as streamlines the issues of movement, parking and charging electric vehicles by amending traffic rules and state construction regulations.
According to the website of the Verkhovna Rada, the law was returned with the signature of the president.
According to the text of the document, the Interior Ministry, the Ministry of Economic Development and Trade, the Ministry of Regional Development, Construction, Housing and Utilities Services, the Ministry of Health and the State Emergencies Service are obliged within six months from the date of publication to establish requirements for the design of parking space for electric cars: introduce the road signs “For electric vehicles,” “Except for Electric Vehicles,” “Electric Vehicle Charging Station,” as well as introduce license plates for electric vehicles with a green font.
Stopping or parking a car in a place for electric vehicles, as well as creating obstacles for electric car drivers in stopping or parking entails a fine of 20 to 30 non-taxable minimum incomes, while parking inspectors are given the right to detain the offender’s car, including with the help of a tow truck.
The described changes will enter into force on January 1, 2020.

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UKRAINE CUTS IMPORTS OF NICKEL ORE

Ukraine in January-July 2019 decreased imports of nickel ore and concentrate in natural terms by 15.5% compared to the same period in 2018, to 753,532 tonnes.
According to customs statistics released by the State Fiscal Service, in monetary terms nickel ore imports fell by 15.4%, to $36.866 million.
At the same time, imports were made from Guatemala (50.54% of deliveries in monetary terms), and Indonesia (49.46%).
Through the seven months of 2019, Ukraine exported 7,999 tonnes of nickel ore for $312,000 to Greece, while it did not export and re-export these products over the same period a year ago.
As reported, Ukraine in 2018 increased imports of nickel ore and concentrate in natural terms by 10% compared to the same period in 2017, to 1.445 million tonnes, in monetary terms imports rose by 8%, to $69.325 million. Imports were made from Guatemala (67.88% of deliveries in monetary terms), and Indonesia (32.12%).
Pobuzke Ferronickel Combine (part of Solway Group) imports nickel ore to Ukraine.
The plant processes about 1.2 million tonnes of ore a year.

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UKRAINIAN PRESIDENT ZELENSKY PROMISES TO INVEST $20 BLN IN INFRASTRUCTURE IN FIVE YEARS

Ukrainian President Volodymyr Zelensky told about plans to invest at least $20 billion in infrastructure of Ukraine at the Ukrainian-Turkish business forum in Istanbul on Thursday. He also said that in the next five years, the Ukrainian economy will grow by 5-7% annually.
“Over this time, we will invest at least $20 billion in our infrastructure to repair our 24,000 km of roads, to increase the number of operating airports to 15, to develop 5 seaports, to substantially increase their capacity, to triple the capacity of our military-industrial complex,” the president said.
He also said that during this period the country will pay much attention to the development of a high-quality telecommunications sector and promised to support the lifecell mobile communications operator (the subsidiary of Turkey’s Turkcell).
“We will conduct large-scale privatization and sell hundreds of interesting objects to effective investors, create normal competitive rules in the energy markets and simplify the rules of doing business removing restrictions in the areas of labor relations and capital flow,” Zelensky said.

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MASS HORSE BATTLES WILL TAKE PLACE NEAR KYIV

On August, 10 and 11 in the «Kyivan Rus Park» the Festival of Medievality «Bylinas of Ancient Kyiv» will take place. A rich program with the performances based on ancient bylinas, horse shows with the participation of more than 30 horses, the reconstructions of the medieval battles, horse-trick shows, a lot of colorful medieval amusements, master-classes, delicious food prepared on open fire, horse riding and a lot of interesting things from the life of the Middle Ages will be waiting for the guests.
Ancient Kyiv opens at 10:00. The program starts at 14:00.
The ticket price: a full adult ticket – 250 UAH, for pensioners and students – 150 UAH, for schoolchildren – 60 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
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».

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