Business news from Ukraine

Business news from Ukraine

90% OF INTERNALLY DISPLACED PERSONS FROM DONBAS READY TO TAKE PART IN PRESIDENTIAL ELECTIONS

About 90% of internally displaced persons (IDPs) from Donbas are ready to take part in Ukraine’s presidential elections, Head of the All-Ukrainian Platform of Donbas, Head of the Public Council under the Ministry of Temporary Occupied Territories and IDPs Henandiy Borisichev has said.
“We travel a lot around the country and hold many meetings with IDPs. At the end of each meeting we take a so-called sociological poll, based on the results of our meetings, I can say that about 90% of IDPs plan to take part in the elections,” he said at a press conference held at the Kyiv-based Interfax-Ukraine news agency on Tuesday.
Borisichev said about 80-90% of IDPs have already received absentee ballots for voting in the presidential elections in Ukraine.
“Finally, our countrymen have realized that if they do not engage in politics, politics will deal with them, as happened in 2014,” he said.
Borisichev said the all-Ukrainian Platform of Donbas intends ask the top ten presidential candidates to sign on to a public statement pledging to help solve problems faced by IDPs.
The document will set out the candidate’s obligations regarding the support and funding of state programs for providing housing for IDPs, renewing the rights of pensioners from Donbas to pay Ukrainian pensions, ensuring the right of IDPs to take part in local elections, developing and implementing a comprehensive plan for restoring peace in Donbas and the development and adoption of a special law on compensation for victims of the war in Ukraine.

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FIVE-STAR HYATT HOTEL INCRESES NET PROFIT IN UKRAINE BY 9.3%

PrJSC New Engineering Technologies (Kyiv), the owner and management company of the five-star hotel Hyatt Regency Kiev, in 2018 saw its net profit rise by 9.3% compared with 2017, to UAH 102.056 million. According to a company report in the information disclosure system of the National Securities and Stock Market Commission about a general meeting of shareholders scheduled for April 18, its assets remained almost unchanged and amounted to UAH 348.7 million.
According to the agenda of the meeting, the company plans to pay UAH 101.182 million in dividends for 2017-2018.
The size of dividends will be UAH 0.47 per share.
According to the report, the total debtor indebtedness of the enterprise in 2018 decreased by 36.6%, to UAH 5.336 million.
Retained earnings increased by 7.7%, to UAH 102.07 million.
Short-term liabilities decreased by 19.5% and amounted to UAH 31.3 million. The company had no long-term liabilities by the end of last year.
In addition, the company intends to include UAH 873,300 in retained earnings.

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AREA OF NEW CONSTRUCTION REACHES 16.7 MLN SQ M IN 2018 – UKRAINIAN STATISTICS

The total area of new residential and nonresidential buildings as of the start of their construction in 2018 totaled 16.706 million square meters. According to the report, the total area of residential buildings at the beginning of construction in 2018 was 12.874 million square meters, or 77% of the total new construction. Including, apartment buildings accounted for 96.7% (12.442 million square meters), single-apartment buildings accounted for 3.2% (417,600 square meters), and dormitories 0.1% (13,760 square meters).
According to statistics, nonresidential facilities, which began to build in 2018, accounted for 23% of the total new construction, or 3.8 million square meters.
Thus, the area of new construction of warehouses and industrial buildings in 2018 amounted to 974,600 square meters (25.4%), retail real estate 648,900 square meters (19.9%), buildings for public speeches, educational institutions, medical and recreational institutions 429,800 square meters (11.2%), hotels and restaurants 355,800 square meters (9.3%), and office buildings 244,400 square meters (5.9%).
Data for 2017 is not available due to the introduction of the new statistics by of the State Statistics Service.

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UKRAINIAN RIBAS PLANS TO OPEN ONE MORE HOTEL

Ribas Hotels Group LLC (Odesa), the managing company of the national chain of midscale and upscale tourist hotel and restaurant complexes, plans to open a hotel in Karolino-Buhaz (Odesa region) in 2020. “In the resort village of Karolino-Buhaz, in May 2020 we will launch the Montana Beach hotel with 69 rooms: standard, junior suite, and suite. For guests with disabilities, we also open superior rooms. The interior and exterior of the facility are styled of America in 1950s of. The planned amount of investment is $2.7 million,” Director General of Ribas Hotels Group Artur Lupashko said in an interview with Interfax-Ukraine.
According to him, the company is positioning the facility as a family hotel. Thus, the project includes a medical center and a nursing room; on each floor there are special alcoves for storing baby strollers.
In addition, the infrastructure of the facility includes two restaurants, one of which is designed on the roof, next to the lounge area and the playground.
“We are also currently finishing work on the environment-friendly facility project for introverts on the Kinburn Spit with about 30 rooms with a small oriental restaurant. It will be small cozy campgrounds. The planned investment amount is $1 million,” Lupashko said.
He said that according to the project, the complex includes a swimming pool, a barbecue area, an open cinema hall, and an entertainment zone with trampolines. The project plan also includes a building for staff accommodation.
Ribas Hotels Group LLC (Odesa) was established in 2017.

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