Business news from Ukraine

Business news from Ukraine

SUSHI BAR CHAIN PLANS TO LAUNCH NEW RESTAURANT BRANDS IN UKRAINE

Sushiya LLC, developing the eponymous sushi bar chain in Ukraine, together with other brands of USG Holding is developing pilot projects of new restaurants of Japanese and Pan-Asian cuisine in Ukraine. “We are trying to make several prototypes with our co-brands. They will be pilot projects, not Sushiya. We have ideas that we are striving to realize in Ukraine: it is another target audience, another product. We believe that the market is ready for it. It is very likely that this year these prototypes will be opened,” Anton Khodysko, the CEO of the Sushiya restaurant chain, told Interfax-Ukraine.
He did not specify the names of the pilot restaurants, but noted that “it will be Japanese and Pan-Asian cuisine in the form that is non-traditional for Sushiya.”
“At the early stage of investing, we will do everything ourselves, without involving partners. If the projects are successful, perhaps, we will offer some of them for franchise not only in Ukraine,” he noted.
According to him, in three years it is planned to reformat all restaurants of the Sushiya network. Having negative experience of opening restaurants on franchise, at present the company is not developing a franchise direction.
The Sushiya chain of restaurants of modern Japanese cuisine was founded in 2006 and has 38 restaurants in 13 cities of Ukraine: Kyiv, Boryspil, Vinnytsia, Dnipro, Zaporizhia, Lutsk, Lviv, Odesa, Poltava, Sumy, Kharkiv, Cherkasy, and Chernivtsi. In 2017 the network served more than 350,000 guests.

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KOKHAVYNSKA PAPER FACTORY RAISES PRODUCTION BY 34%

Kokhavynska paper factory (Lviv region), a tissue and toilet paper producer (the Kokhavynka trademark), in January-June 2018 increased production by 33.8% compared with the same period in 2017, to UAH 260 million. According to the Ukrpapir association, production of paper at the factory in natural terms increased by 16%, to 18,370 tonnes. At the same time, production of toilet paper rose by 1%, to 52.61 million rolls.
Kokhavynska paper factory has been operating since 1939. The factory producers base paper for hygienic goods, toilet paper and paper towels. The capacity of paper making machines is 19,000 tonnes per year, processing equipment 90 million rolls a year.
As reported, in 2017 the factory produced goods worth UAH 421.5 million, which is 23% more than a year earlier, paper production grew by 23.7%, to 33,350 tonnes.
In 2018 the factory planned to increase production to UAH 550 million.
The factory exports about 40% of the products. The main consumers abroad are the Czech Republic, Romania, as well as companies from Belarus, Moldova, Hungary, and the Netherlands.

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BUSINESSMAN KHMELNYTSKY WILL PARTICIPATE IN DEVELOPMENT OF UNIT.CITY COPY IN KAZAKHSTAN

Businessman Vasyl Khmelnytsky’s UFuture investment group will participate in the development of a project to create in Astana (Kazakhstan) a copy of the innovation park UNIT.City, which UFuture has been developing for several years in Kyiv. “I’ve just returned from Kazakhstan, where I was at the invitation of Prime Minister Bakhytzhan Sagintayev. We’ve agreed we will help create an analogue of UNIT.City in the center of Astana,” Khmelnytsky wrote on his Facebook page.
He said starting this autumn UFuture would launch a project to create an eco-system and a university in Astana, following the example of UNIT.City. He added that this project is already known in Kazakhstan, as Kazakh students study at Kyiv’s UNIT Factory.
Khmelnytsky positively assessed the experience of creating an international technopark for IT start-ups at the Astana Hub and the Astana International Financial Center, where residents enjoy a preferential tax regime, British law and an independent court of British judges. UFuture’s press service told the Kyiv-based Interfax-Ukraine news agency that it would be possible to speak about details of the possible participation of the investment group in the Kazakhstan project after the project was prepared.
As earlier reported, UFuture is situated on 25 hectares of land at Kyiv’s motorcycle plant where it is developing the UNIT.City innovation park. The “anchors” of the project are programming factory UNIT Factor created in spring 2016 under partnership with French School 42, and the Technology Companies’ Development Center (TCDC). Khmelnytsky has already announced plans to create similar projects in Lviv and Kharkiv.
UFuture Investment Group, headquartered in Brussels, was established in the autumn of 2017 and unites Khmelnytsky’s business projects. The group includes UDP Renewables, the Bila Tserkva Industrial Park, the innovation parks UNIT.City and LvivTech.City.

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VITALI KLITSCHKO PLANS TO RUN AGAIN FOR KYIV MAYOR

Vitali Klitschko plans to again run for Kyiv mayor, the politician said in an interview with Novoye Vremia publication. “I have been holding this post for four years. I have already done many things, and most importantly – a push. The past years were difficult. But I can say now that I will run for a mayor’s post, because I want to accomplish the plans voiced by me,” said Klitschko.
Klitschko has been holding the post of the mayor of Kyiv and head of the Kyiv city state administration since June 2014.

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