The average price on the primary housing market in Kyiv in January-March 2019 grew by 4% or $50, reaching $1,252 per square meter, the press service of City One Development (Kyiv), referring to the results of the monitoring of its analytical department. The press service said that at the same time, the average price at the start of sales increased 10% compared to last year, to $1,023 per square meter.
According to monitoring, in the first quarter, business and comfort projects entered the market. The company also notes a tendency to reposition of projects of the economy and economy plus classes into comfort. However this is not always accompanied by an improvement in the quality of the project.
According to City One Development, since the beginning of the year, sales began in 16 new projects with a declared volume of about 9,500 apartments, while in 2018, some 10-12 new residential complexes entered the market every quarter.
At the same time, InCo home (Invest-Consulting AMC LLC), a member of the Kovalska industrial and construction group (both based in Kyiv), in the first quarter of this year, saw a decrease in sales by 30% compared to the same period 2018, analyzing sales for 11 new residential complexes, in the construction of which the company has invested.
According to experts from both companies, the hryvnia strengthening has influenced the real estate market at the beginning of the year. At the same time, InCo home said that the presidential election did not significantly affect the market.
The American Chamber of Commerce in Ukraine represents over 600 Member Companies and affiliated parties – the biggest investors and largest multinationals operating in Ukraine which contribute greatly to the state budget and create new jobs. In March 2019 the following companies joined the AmCham family:
Luxoft Ukraine
Luxoft Ukraine is a leading IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies in the automotive, financial, energy, telecom, and technology sectors.
Oleksandra Alkhimovych, Managing Director:
“We are glad to be a part of an internationally oriented business community such as the Chamber. Uniting its members, it serves as a positive driver of change in the business environment and is a trustworthy platform for dialogue with the Government to discuss and promote the prosperity of Ukraine.”
Air Force LLC
The AIRFORCE has experience in the areas of construction of compressor stations and cooling systems for turn-key reversible cycles – from design, selection of equipment, performance of design supervision to commissioning.
Mihails Sorokins, General Director:
“We are pleased to join the Chamber. As a longstanding partner – supplier of equipment of American companies such as SPX Cooling Technologies (cooling towers, cooling systems), FS-Elliott (centrifugal compressors), we hope that cooperation with the Chamber will help to expand our business and give more inspiration to create major significant projects of modernization of industrial enterprises and nuclear energy.”
EU-Trans
EU-Trans has been operating on the international rail market since 1998 and is the owner of 248 rail cars. For more than 20 years our company provides services for organization of rail transports.
Ievgen Balashov, General Manager:
“Membership in the AmCham Ukraine offers us opportunity to keep on top of important, ever-changing issues and trends within rail transport reform in our country. Through the membership we’d like to increase our visibility in the community, share our position on the discussion panel, stay in contact with politicians, officials, business leaders.”
Sigma Software
Sigma Software provides cutting-edge IT solutions. Being a part of Nordic IT corporation, Sigma Group, we are a global player with 3700 employees in 12 countries and 950+ in Ukraine.
Valery Krasovsky, CEO:
“We have been working with American companies across multiple business domains for over 17 years. We are glad to be a part of our Customers’ success whether they are a large international corporation or a promising startup. Joining AmCham is an important step towards furthering our contributions into American-Ukrainian relationship.”
Operating in Ukraine since 1992, the Chamber cooperates closely with Ukrainian authorities to improve the business environment and attract foreign investments into the economy, advocates for predictable, transparent, equitable and stable rules of doing business.
Ukraine has started a tender to select candidates for the posts of independent members of the supervisory boards of state-owned PrivatBank, Oschadbank and Ukreximbank. According to a posting on the website of the Finance Ministry, the tender was started on April 5 and will be completed before May 10.
As reported, the Finance Ministry early April 2019 selected Pedersen & Partners recruiting company to search for candidates to the post of independent members of the supervisory board of state-owned Oschadbank, Ward Howell Ukraine to search for candidates for state-owned Ukreximbank and Talent Advisors, part of Odgers Berndtson Ukraine, to search for candidates for state-owned PrivatBank.
According to the ministry’s report, candidates who want to take part in the tender must apply to these recruiting companies by April 25.
As reported, the Verkhovna Rada early July 2018 adopted a law on the reform of the supervisory boards of state-run banks, according to which the supervisory board of state-owned banks should consist of nine members. Six of them should be independent, three – representatives of the state, one each from the president, the Cabinet of Ministers and the parliament.
INDEPENDENT MEMBERS, OSCHADBANK, PRIVATBANK, TENDERS, UKREXIMBANK
Swiss International, part of Lufthansa Group, is increasing the number of Zurich-Kyiv flights from four to six per week from April, Lufthansa Group Country Manager Rene Koinzack has said. “From April 7, the number of flights will be increased to six per week and from July they will be carried out daily,” he told reporters at the Embassy of Switzerland in Kyiv on April 5.
Koinzack added that the flights will be carried out by Bombardier CS300 [for 135 passengers] and CS100 [for 110 passengers] planes.
He also told Interfax-Ukraine that it was too early to talk about a possibility of launching new flights from Kyiv or Ukrainian cities to Switzerland by the airline. Koinzack recalled that the flight between Zurich and Kyiv was resumed only a year ago and the number of passengers on this flights would be increased by 50%. Thus, the company needs some time to analyze results of such changes.
As reported, Swiss International Air Lines stopped performing direct flights between Kyiv and Zurich from October 1, 2014.
“The Zurich-Kyiv route did not come up to our expectations. The situation in Ukraine also played its role,” a representative of the airline, Sonja Ptaszek, said.
The airline resumed flights on this route from March 26, 2018.
JSC Chasiv Yar Bus Plant (Donetsk region), which produces Ruta buses, saw UAH 14.6 million in net profit in 2018, which is two times more than in 2017. According to the agenda of a shareholders’ meeting due to on April 26 posted in the media, the company’s retained earnings was UAH 131.18 million at the beginning of 2019 (UAH 239.37 million in 2018).
The agenda includes the distribution of the earning received last year. According to the draft resolution of the meeting, the earnings would be retained.
In 2018, the plant increased its current liabilities by 27.3%, to UAH 4.62 million, while long-term liabilities were not formed.
Total accounts receivable of the company increased by five times, to UAH 11.76 million, while its assets in general decreased by 43.7%, to UAH 138.61 million.
Chasiv Yar Bus Plant was founded in 1958.
On April, 10 in Kyiv the Ukrainian Land Forum will take place in the Ukrainian House. The Ukrainian Agrarian Council is an organizer of this event. During the Forum, representatives of the authorities, farmers, MPs and invited guests from other countries will raise topical issues of land reform in Ukraine.
In particular, participants of the Forum will become familiar with the experience of Lithuania and other Baltic countries on establishment of agricultural land market. Kazis Starkiavichius, deputy chairman of the Committee on rural Affairs of the Lithuanian Sejm, will tell who now owns the land in their country and who has the right to purchase it and what mistakes their neighbours have made in this sphere.
Members of the Agrarian Committee of the Verkhovna Rada of Ukraine Oleksandr Bakumenko (Acting Chairman of the Committee), Ivan Miroshnichenko and Sergey Labazyuk, as well as Olha Trofimtseva, an Acting Minister of Agrarian Policy and Food of Ukraine, will express their vision of possible options towards the implementation of land market in Ukraine. Andriy Dykun, a Chairman of the public union, will represent the Ukrainian Agrarian Council.
The TOP-5 contestants for the Presidency of Ukraine: Volodymyr Zelensky, Petro Poroshenko, Yulia Tymoshenko, Yuriy Boiko and Anatoliy Hrytsenko are invited to participate in the Forum. Politicians will present their vision on this topic: whether Ukraine needs the land market and in what format, when it should be introduced and who can be its participant.
Other participants of the Forum:
– Representatives of the parties that signed the memorandum on support of small and medium-sized farmers, – Batkivschyna pary, Association Samopomich, Opposition Platform Za Zhyttia;
– Representatives of the International Monetary Fund (IMF), the World Bank (WB), the IFC, USAID, the EBRD;
– Representatives of the National Bank, the NABU and commercial banks;
– Experts from Estonia and Lithuania;
– Representatives of other agrarian associations, which are included in the “Ukrainian Agrarian Forum”;
– Heads and owners of small and medium agrarian business.
Agrarians will express their position on topical issues of land reform by taking part in the interactive voting. According to its results, the UAC will form reform proposals to be forwarded to the Ministry of Agrarian Policy, members of the Agrarian Committee and all parliamentary parties, TOP-5 candidates for the presidency of Ukraine.
Event Date: April 10, 2019.
Registration Starts at 09:30.
Venue: Ukrainian House (Kyiv, Khreschatyk Street, 2).
MEDIA Accreditation: press@uacouncil.org.
