Business news from Ukraine

Business news from Ukraine

UKRAINIAN PRESIDENT SUBMITS BILL AMENDING CUSTOMS CODE

Bill No. 3194 on amendments to the Customs Code of Ukraine in connection with reform of the prosecution system and changes in the judicial system of Ukraine has been submitted to the Verkhovna Rada upon the initiative of Ukrainian President Volodymyr Zelensky. A relevant repost was posted on the parliament’s website.
The bill was submitted to the parliament on Tuesday, March 10, and marked by the president as urgent. The document will be considered by the Verkhovna Rada Committee on Finance, Tax and Customs Policy before sending it to the parliament for consideration.
The text of the bill and accompanying documents have not been made public on the parliament’s website.

OFFICE SPACE VACANCY IN KYIV GROWS TO 8.5%

Amid growing new supply the share of vacant space on the office real estate market in Kyi grew by 4.2 percentage points (pp) in 2019 compared with 2018, to 8.5%, CBRE Ukraine consulting company (Kyiv) has said in a press release. “The highest vacancy rate was recorded in areas with a non-center location (19.2%), due to the Sigma and Wave Tower business centers went live in 2019, which remained unfilled by the end of the year. The Pechersky district had the lowest vacancy rate (2.7%), where in 2019 new areas were not presented to the market,” the report says.
According to the experts, the rental rate for the best office premises increased 8% and by the end of the year amounted to $27 per sq. m. a month, which is associated with a limited supply of quality space.
“In the available class A office space, the declared rental rates varied in the range of $26- $45 per sq. m a month in the fourth quarter, and class B rental rates ranged $14- $30 per sq. m. a month. The significant gap between the lower and upper limits of the range is due to the characteristics of the rental space and the location of an office center, which are the main factors determining the high level of rental rates,” CBRE Ukraine said.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MARCH 10

Official rates of banking metals from national bank as of March 10

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 10/03/20

National bank of Ukraine’s official rates as of 10/03/20

Source: National Bank of Ukraine

EXPORT MARKETS GET MORE ACCESSIBLE WITH HELP OF DUN & BRADSTREET AND INTERFAX-UKRAINE

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;
– build corporate relations of companies;
– 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);
– sales departments (forming a client base, searching for reliable contacts);
– procurement departments (evaluation of counterparties and association of suppliers within corporate relationships);
– 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
www.dnb.ua

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IT WOULD BE MISTAKE FOR UKRAINE TO LIMIT ITSELF ONLY TO WESTERN VECTOR – UKRAINE’S DEPUTY PRIME MINISTER

Ukraine should be integrated in the European Union and NATO, but it should have deeply developed relations with those regions of the world where it sees its national interests, Ukraine’s Deputy Prime Minister for European and Euro-Atlantic Integration Dmytro Kuleba said.
“I am deeply convinced that it would be a big mistake for Ukraine to limit itself solely to its western vector. The world is much bigger, much more complex, there are a lot of opportunities in the world,” Kuleba said on Ukrainian television.
At the same time, the deputy prime minister said he sees Ukraine as a member of the European Union and NATO.
“I see Ukraine as a state, integrated European and Euro-Atlantic state, which has deep developed relations with those regions of the world where it sees its national interests,” Kuleba said.
Kuleba said he sees Asia as such region as “the heart” of the world’s economy is now beating there.
“It’s China, India, Japan, South Korea, Singapore – that’s where the economic heart of the world is beating now,” Kuleba said.

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