Business news from Ukraine

Business news from Ukraine

GERMAN COMPANY REISSWOLF OPENS REPRESENTATIVE OFFICE IN KYIV

The German company Reisswolf, which provides services for storing and destroying information, has opened its representative office Reisswolf Ukraine in Kyiv.
According to a report of the company released on Tuesday, the capacity of the first archival storage located in Kyiv is 200,000 archive boxes or about 3,000 tonnes of paper.
In addition to offsite storage, Reisswolf Ukraine will provide archival processing, digitization, electronic archiving and confidential destruction of documents.
“The security of document storage is achieved by three-level protection and depersonalization of boxes, when identification occurs exclusively by bar codes. Digitized documents are stored on servers located in the EU,” the company said.
According to Director of Reisswolf Ukraine Serhiy Aloni, there are already operators of archival storage on the Ukrainian market.
“Reisswolf Ukraine sees its role in making storage, digitization and other procedures with business documents familiar to companies of any level, including sole proprietorship,” he said.
The company estimates the volume of the Ukrainian archive storage market at 2 million boxes per year, noting that today only 10% of Ukrainian companies use archive storage services, while in Europe this figure reaches 65-70%.
“In the next five years, Reisswolf plans to expand its presence in other large cities of Ukraine – Kharkiv, Odesa, Lviv, and Dnipro,” the company said.

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DANISH JYSK INCREASES SALES IN UKRAINE BY 23%

Jysk Ukraine LLC (Kyiv), which develops a chain of stores of furniture and household goods (Denmark) in Ukraine, increased sales in Ukraine in the 2020 financial year (September 1, 2019-August 31, 2020) by 23.8% compared to the previous fiscal year, to UAH 2.319 billion.
“The fiscal year of 2020 has ended. Dramatic, unpredictable, but the best in Jysk history: despite the coronavirus, Jysk achieved a record turnover of EUR 4.1 billion, up 7.6% from FY 2019,” Executive Director of Jysk in Ukraine Yevhen Ivanytsia said on LinkedIn.
This is the result of strong pre-coronavirus sales in Europe and Asia and a significant increase in sales compared to the previous period in customer numbers after the company was allowed to reopen stores, he noted.
In particular, following the results of Jysk’s work in 2020 fiscal year in Ukraine, it posted a turnover of UAH 2.319 billion (23.8% more), 13 new stores were opened. Thus, currently there are 67 stores and an online store in Ukraine. The staff is 637 people.
As reported, Jysk Ukraine LLC plans to open 12 new objects annually, and in four financial years to increase the network to 100 stores.
The Jysk network began to develop in Ukraine in 2004 according to the franchising model. In 2012, the parent company bought out all the franchise stores and started developing independently.

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AIRPORT FOR DRONES MAY BE BUILT IN KIEV

An airport for unmanned aerial vehicles (UAVs) may be built in Kyiv by 2025, said head of the All-Ukrainian Federation of UAV Owners, DJI distributor in Ukraine, Taras Troiak.
“We have a Quadroport project that we want to build in Kyiv. This will be the first drone airport where it will be possible to test any type of UAV (…) This is an ambitious project. We plan to build it by 2025. There is a small component there so far, but we look at development and realize that it is necessary,” he said during the Infrastructure Digital Day on Tuesday.
According to him, the UAV market in Ukraine will reach about UAH 500 million in 2020.
“This year it has grown 2.5 times compared to last. And next year we already hope that the market will be more than UAH 1 billion,” he said.

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WIZZ AIR RESUMES FLIGHTS BETWEEN UKRAINE AND SLOVAKIA

Hungarian low-cost airline Wizz Air will resume flights from Kyiv and Lviv to Bratislava (Slovakia) from October 2.
The cost of tickets starts from UAH 309, the press service of the company reported on Wednesday.
“The restoration of flights depends on the decision of the authorities to leave or remove Slovakia from the list of countries in the ‘green’ zone. If it is excluded from the list, flights connecting Ukrainian cities with Bratislava will be postponed,” the company said.

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JOHNSON & JOHNSON EXPECTS 7-9% GROWTH OF PHARMA MARKET IN UKRAINE

Johnson & Johnson Ukraine predicts a 7-9% growth in the pharmaceutical market in 2021, Johnson & Johnson Country Manager Denis Golubchykov has said.
“Regarding the development of the market, my forecast is average. I do not expect a fall or gains of 1-2%, but I do not expect double-digit gains either. Somewhere in the 7-9% range is what we expect,” he said during EBA Global Outlook held in Kyiv on Tuesday.
Golubchykov also said that due to the pandemic, the pharmaceutical market faced a crisis for the first time in recent years.
“We work in the pharmaceutical market and the FMCG market. They behaved completely differently. The pharmaceutical market at first gave a panic leap upwards. It is not clear why people decided to buy half a pharmacy. Naturally, this played negatively and even more in April. The market fell very dramatically and it is slowly creeping out of there. All previous crises did not affect the pharmaceutical industry, this is the first time,” he said.
“The FMCG market behaved differently. All this [the fall] happened later, by the beginning of summer, and not so dramatically downward, and respectively, it will not take so long to get out of the situation. From part of the market, a new category has formed – people have got used to using more detergents, disinfection in several months. This category is growing within the market. Beauty has dropped dramatically,” Golubchykov said.

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DRAGON CAPITAL INVESTMENT COMPANY TO START BUILDING INDUSTRIAL PARK NEAR KYIV

Dragon Capital investment company has developed a concept for the E40 Industrial Park with an area of 200,000 square meters on the 27th kilometer of the Zhytomyr highway (Kolonschyna village, Kyiv region), plans to start the construction of the first stage in 2021.
“According to the developed concept, the total area of the buildings of the industrial park will be 200,000 square meters, including class A production and storage facilities, cross-docking terminals, office, utility and infrastructure facilities (a hotel, a truck service station, etc.),” it said in a press release.
According to the report, the project will be located on a front land plot with an area of 49 hectares.
“Thanks to the support of Makariv Regional State Administration, as well as the Regional Development Agency of Kyiv region, Dragon Capital managed to develop and approve a detailed plan of the territory as quickly as possible. This will allow the company to proceed to the next step in the implementation of the project – the development of project documentation. Our company plans to start building the first stage of the E40 Industrial Park in 2021,” the report says.
As reported, Dragon Capital acquired the relevant plots in 2018 from Europolis GmbH, which is part of the large real estate concern CA Immo Group (Vienna, Austria).
Dragon Capital is one of the largest groups of companies in Ukraine that operates in the field of investment and financial services and provides a full range of investment banking and brokerage services, direct investments, asset management for institutional, corporate and private clients.

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