An average vacancy rate across portfolio of shopping and entertainment centers in Ukraine managed by the Arricano Real Estate Plc (Cyprus) is 0.1% through January-June of 2019, according to the company’s report on London Stock Exchange (LSE). “In the first half of 2019, the average vacancy rate of shopping malls in Kyiv is 5.5%, and in our shopping malls, Kyiv inclusive, this rate is several times less. Going into the second half of the year, Arricano has recorded the lowest vacancy rates since 2012. I believe this is a result of the systematic work, innovative approaches and competent management in recent times,” said Arricano CEO Mykhailo Merkulov.
In particular, for the first half of 2019, Sun Gallery (Kryvyi Rih) and City Mall (Zaporizhzhia) recorded a 100% occupancy, whilst the RayON and Prospekt shopping malls (both located in Kyiv), recorded vacancy rate of 0.08% and 0.17% respectively.
Arricano is one of the leading real estate developers of shopping centres in Ukraine with European investments. It is listed on the AIM Market of the London Stock Exchange since 2013. Today Arricano Group owns and operates five completed shopping centers and 49,9% shareholding in Sky Mall and land for further three sites currently under development.
PJSC Odesa Port-Side Chemical Plant (OPZ) started pre-commissioning and will resume its work on August 1, 2019, said OPZ Deputy Director on Economic and Financial Issues Volodymyr Vakeryak at a press conference regarding signing of give-and-take contract with LLC Agro Gas Trading (Kyiv). Agro Gas Trading Director General Oleksandr Horbunenko has said that the contract with the plant was signed by December 1, 2019 and foresees delivery of minimum 240 million cubic meters of the natural gas within four months.
For his part, Deputy Head of the State Property Fund Yevhen Astashev has said that NJSC Naftogaz Ukrainy gave a green light to resuming of the works despite plant’s debts worth UAH 1.5 billion (plus penalties). The OPZ for its part is obliged to pay off the debts to Naftogaz sharing profits received from Agro Gas Trading for providing processing services ($1,5 per each carbamide tonne and $1 per each ammonia tonne).
“Production has been standing idle for more than a year, only the ammonia transshipment complex is working at the level of 2.3 million tonnes per year. The plant signed an agreement with a supplier, for whom we will perform gas processing services. In the near future we plan to start preparing for the launch of two carbamide facilities and one ammonia complex. If all the conditions of the contract are met, we could receive products in August,” he said.
As reported, Odesa Port-Side Chemical Plant has been standing idle since the end of April 2018. Its work was stopped due to violation by the contractor, All-Ukrainian Energy Company LLC, of the agreement with Ukrtransgaz.
The plant called work on a give-and-take basis the only possible option for resuming work in the face of failure of privatization attempts and accumulated debt for gas to NJSC Naftogaz Ukrainy, which exceeds UAH 1.5 billion.
Official rates of banking metals from national bank as of july 29
One troy ounce=31.10 grams
The new Ukrainian authorities are planning to reform certain elements of the governance system, including the Security Service, Ukrainian National Security and Defense Council Secretary Oleksandr Danyliuk said. “We have a security sector reform on our agenda. Without reforming the Security Service, any other reforms make absolutely no sense, because the Security Service has been historically integrated into multiple processes,” Danyliuk said in a televised interview.
“The Security Service should become a powerful organization, but in one key field; namely, counterintelligence. The Security Service should be deprived of other functions it has, including economic matters and efforts against corruption,” he said.
“Our international partners and the president actively support all of this,” Danyliuk said.
“A lot will have to be changed to make these reforms a reality; in particular, legislative amendments will have to be made,” he said.
“I have set up a group to work on [bills], and we are moving ahead very quickly. I know that we already have a bill, but, for some reason, our partners, such as, for example, NATO, do not approve of it. And our experts don’t support it for some reason, either. Why? Because this legislation would leave the Security Service’s work unchanged. We don’t need such bills. I am convinced that the Security Service and our Ukrainian and Western partners should be engaged in drawing up bills. This is exactly what is happening now,” Danyliuk said.
National bank of ukraine’s official rates as of 29/07/19
Source: National Bank of Ukraine
The Anti-Monopoly Committee of Ukraine (AMCU) is taking a decision if to permit GEN.Holding GmbH and VAMA Holding GmbH Austrian Companies to acquire control over Yug-Contract Group Ltd. (Cyprus).
The respective issue was put onto commission’s agenda on July 25. However, no decision over this issue has been announced yet.
According to the open sources, GEN Group Ltd owned by Foxtrot Group of Companies Director General Hennadiy Vykhodtsev is 100% shareholder of GEN. Holding GmbH. Meanwhile, VAMA Group Ltd. owned by another director of Foxtrot Group Valeriy Makovetsky is 100% shareholder of VAMA Holding GmBh.
Yug-Contract Group was based in Yalta in 1994. The company distributes items of IT and consumer electronics.
In 2009, Yug-Contract united with Foxtrot-IT and now has a multi-product portfolio.
