Business news from Ukraine

Business news from Ukraine

INTERGAL-BUD CONSTRUCTION COMPANY PLANS TO BUILD 250,000 SQ M OF HOUSING

The Intergal-Bud construction company (Kyiv) plans to boost housing construction 1.5-fold in 2018, to 250,000 square meters, Commercial Director Hanna Layevska has said. “In total, we plan to introduce about 250,000 square meters of housing in 2018. In 2017, we actually commissioned 170,000 square meters. This year we plan to launch at least five new facilities, which are mainly located in the downtown areas and in the Holosiyivsky district of Kyiv. These are Vystavkovy residential complex, Lukyanivsky Cascade residential complex, and a few more facilities that are in the design and construction phase,” she told Interfax-Ukraine.
According to Layevska, this year the company intends to finish the construction of Parkovi Ozera, Yaskravy, Otradny and Demiyivka residential complexes in Kyiv.
According to the commercial director of Intergal-Bud, prices for many properties in the first five months of 2018 grew by 10-12% in U.S. dollars. According to her, in the first half-year of 2018, purchases of apartments with 100% payment decreased and the share of installments and lending contracts increased.
At the same time, despite the price increase, the company’s sales pace in 2018 increased by more than one third compared to 2017, Layevska said. According to the commercial director, a major challenge for developers in 2018 is a lack of general contractors.
Intergal-Bud construction company LLC was founded in 2006. It is subsidiary of Lviv subsidiary established in 2003.

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PLANT PROTECTION PRODUCER STARTS WORKING IN PHARMACEUTICAL AND FOOD SUPPLEMENTS SPHERE

The Ukravit Group, a large producer of plant protection agents and micro-fertilizers in Ukraine, has started working in the pharmaceutical and food supplements sphere.
“We entered Chemical Elements Ukraine as owners and partners. This is a Cherkasy-based producer and exporter of raw materials for the pharmaceutical market, former Khimreaktiv. We entered this company with 30% [of shares]. Starting this year we are working in the new sphere for us – pharmaceutical,” Marketing Director Anatoliy Kalantarian told reporters during the ceremony to open a research and development center in Cherkasy.
At the same time, he said that Ukravit intends to produce biologically pure supplements, which in the future will be exported. “We are already negotiating deliveries with some countries, including with the Middle East,” Kalantarian said. According to him, the intellectual base for creating products will be in the research center, production capacities will be new and located in Cherkasy.
In addition, Kalantarian said that in 2019, Ukravit will start selecting their own hybrids of seeds, as well as work on the creation of bio-pesticides. “We are going to cooperate with international scientific institutions when developing products. We are already working with the institute from Switzerland. We are negotiating with Spain, Israel and the United States. We have strategic plans for cooperation with the global scientific community,” he said.
Ukravit is engaged in production and sale of pesticides, fertilizers with microelements, means for destruction of rodents and domestic insects. The group includes Factory of Agrochemicals LLC (Cherkasy) which produces plant protection agents and micro-fertilizers. It produces more than 150 items of products.

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INTERNATIONAL DEVELOPER IMMOCHAN TO BE RENAMED CEETRUS

The international developer Immochan, which is part of the French holding Auchan, changes its name to Ceetrus within the framework of rebranding, and from September 2018 Immochan Ukraine LLC will operate in Ukraine under the brand Ceetrus Ukraine. “On June 5, 2018 the international developer Immochan changes its name to Ceetrus. The new name reflects the evolution of the company from a commercial real estate developer to a multi-direction real estate developer,” the press service of Immochan Ukraine reported.
The process of rebranding in Ukraine will last until September, after which the company will operate under the new name. Ceetrus Ukraine will be the legal successor of Immochan Ukraine on all previously signed contracts. The address of the company and the responsible persons will remain unchanged.
“Having 393 shopping centers around the world, Ceetrus began its activity in a strong partnership with the citizens and territories of residential areas, combining retail, housing, offices and urban infrastructure. With the creation of sustainable, smart and living spaces, Ceetrus’ mission is to create and develop social ties that inspire life in the city of tomorrow – “With Citizens for Citizens”,” the report says.
Immochan Ukraine LLC was founded in 2007. Its core business is leasing own or rented property.

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IT SOLUTIONS SUPPLIER AMADEUS OPENS CENTER FOR SUPPORT OF RUSSIAN-SPEAKING USERS IN KYIV

Amadeus, the supplier of IT solutions for tourism and travel industry, has opened the shared Eastern European center in Kyiv for support Russian-speaking users of the countries where the company is present. “The new center is the largest support center for Amadeus customers in Europe and it is divided into two parts: functional and technical support. The call center handles about 220-250 phone calls a day, not counting written applications,” the company said.
Employees of the center help to resolve the issues of agents regarding selling and booking services that work with the products and solutions of Amadeus.
The Eastern European Amadeus User Support Center is open 14 hours a day from Monday to Saturday.
Аmadeus is one of the leading operators of transactions for global tourism and travel industry. It offers tools for processing transactions and technological solutions for suppliers of travel services and for travel agencies (online and offline).

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