Business news from Ukraine

Office real estate market in Kiev is recovering – experts

The office real estate market in Kiev is recovering, the number of requests and transactions from IT-companies, nonprofit and international organizations has increased, CEO of allbc Valentin Lenchenko told Interfax-Ukraine.
The expert reminded that for many business centers last year was a year of tenants’ retention on any terms.
“The main task at the beginning of the fall was to survive the winter with tenants. On any terms. The main thing is that they paid utilities and OREH (often not in full). But with the advent of the blackout migration began, people who used to work from home, moved to co-working spaces with diesel generators and Internet”, – said Lenchenko.
According to him, as a result, offices in the capital during the blackout were filled almost completely. A temporary rush was created, which led to the opening of new locations. However, by January, when things stabilized and many had resolved the issue of household power plants, the situation was back to previous levels.
“Newcomers continue to recruit residents, but demand has dropped significantly. Demand is still high for finished offices – with renovations, furniture, diesel generators and shelter,” the expert stressed.
He noted a positive systemic trend in recent months – the activation of tenants.
“Many IT companies that relocated to Western Ukraine, began to return home to Kiev. And they are not the only IT companies – there are a lot of requests and deals from non-profit and international organizations,” Lenchenko said.
He gave an example of recent transactions of allbc. An IT-company has asked to find a ready office for more than 200 employees; in the process of searching and negotiating the lease agreement, it turned out that a lot more employees want to come back to Kiev. As a result, this company has rented two offices with total area of about 4 ths sq.m. instead of the office with 2 ths sq.m. Another IT-company recently rented an 800 square meters office with furniture and repairs in Podol Business Center.
But in general, according to the expert, the main tenants and transactions request was observed on the format of about 200 square meters. “As a rule it is medium-sized business which adapts to the current conditions or optimizes the space”, – he says.
Another trend is that large tenants with large equipped offices on the right bank have started asking to rent offices/workspaces in co-working spaces on the left bank.
This provides comfortable spaces for employees who prefer to work closer to home for safety reasons. “The criteria are the same: with repairs, furniture, a diesel generator and shelter,” Lenchenko stressed.
He also singled out a separate category of potential tenants with whom, despite high vacancy rates, most landlords do not want to contact. “We’re talking about so-called “musicians,” call centers that play music loudly. Now they call themselves IT people, marketing people and even agrarians, but as a rule, they are scam artists. The average area rented by them is from 500 to 2,000 square meters, but given the trail they leave behind, they do not want to do business with them,” stressed Lenchenko.
The expert also noted that despite the war, there are also deals on the market for the purchase and sale of office space/buildings. “There are buyers in the market. They usually come with a discount of 30% to 50%. Foreign investors who believe in winning are already starting to look at buying, because they understand: now is the right time,” he says.
allbc.info is a service for renting or buying offices in business centers and free-standing buildings in Ukrainian cities (Kiev, Dnipropetrovsk, Kharkiv, Donetsk, Odessa, and Lviv).

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Presidents of Czech Republic and Slovakia come to Kiev

Czech President Petr Pavel together with Slovak President Zuzana Chaputova arrived in Ukraine on a visit.
“With Zuzana Chaputova, we both understand the value of freedom and justice. It is hard to see with our own eyes that Ukrainians are paying the highest price for it. With the blood and lives of its citizens. In fighting the aggressor, he defends what we have in common. That’s why we will support them,” Pavel wrote on Twitter, showing a picture with the president of Slovakia in front of the destroyed building.
For its part, the Czech media outlet Denikn reported that the Slovak president and her Czech counterpart Petr Pavel arrived in Kiev early this morning.
This is the first visit of the Czech head of state to Ukraine since 2013.
Pavel and Chaputova will meet with Ukrainian President Volodymyr Zelensky and Prime Minister Denys Shmygal, and will also visit cities liberated from Russian occupation near the capital.
A meeting with Crimean Tatar representatives Mustafa Dzhemiliev and Refat Chubarov is also scheduled.
Chaputova also later tweeted about the joint visit to Ukraine.
“Our first joint visit abroad with Peter Paul to Ukraine with a message of friendship, solidarity and support. Slovakia, the Czech Republic and Ukraine share parts of a common history – and we also share our common future,” she stressed.
The Czech TV channel ČT24 reported that the Czech and Slovak presidents visited Irpen, then went to Borodyanka. In addition, the Czech president then headed to Bucha.

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Storm warning was announced in Kiev from April 29 to May 2 due to frosts

A storm warning has been announced in Kiev and Kiev region in connection with night frosts expected from April 29 to May 2, Ukrhydrometecenter reports.
“At night on April 29-30 frosts in the air 0-5 ° (II level of danger, orange), on May 1-2 frosts on the soil surface 0-3 ° (I level of danger, yellow),” – said in the message.

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“Dobrobut” opened new clinic in Kiev

Dobrobut Medical Network has opened a new outpatient clinic in the building of the former Slavutych Hotel on the left bank of Kiev.
According to the network press release, the area of the medical center is 1150 sq. m, the clinic is designed for 300-400 patients per day.
The new medical center provides a full range of outpatient services for children and adults, and also has enhanced expertise in pediatrics and prenatal diagnosis in gynecology. In particular, the prenatal diagnostics department is equipped with a state-of-the-art Voluson SWIFT machine with integrated artificial intelligence with a real-time 3D-scanning option.
“Dobrobut is one of Ukraine’s largest private medical networks. The network includes 17 medical centers in Kiev and Kiev region, emergency service, dentistry and pharmacies. Network medical centers provide services to children and adults in more than 75 medical fields. Annually experts of “Dobrobut” carry out more than 7000 operations. The network has over 2800 employees.
The network collaborates with a number of international charitable organizations such as Direct Relief International, Children of War Foundation, International Medical Corps and University of Miami Global Institute. According to the company, thanks to the work of Direct Relief International and the Dobrobut Foundation, wounded war veterans and people stranded by war are able to receive free care at the Dobrobut Treatment and Diagnostic Center.
According to the company, Dobrobut has become the first private medical network in Ukraine to receive funding from the U.S. federal government: with support from the U.S. International Development Finance Corporation (DFC), the company will build a modern physical rehabilitation center.

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Monday in Kiev to 16-18 ° heat

Monday, April 24, it will be cloudy with clearing in Ukraine. At night, no precipitation, during the day on the left bank, in the Crimea and the Carpathian region short rains, thunderstorms, in the rest of the territory in some places light rain, said Ukrhydrometecenter.
Winds are mostly southeasterly, 5-10 m/s.
The temperature at night is 3-8°C, during the day it will be 14-19°C, in the Carpathians it’s about 0°C at night, while during the day it will be 6-11°C.
Cloudy with clear skies in Kiev on Monday. No precipitation at night, light rain in some places during the day. Wind south-east, 5-10 m/s. The temperature at night is 6-8°C, while during the day – 16-18°C.
According to the Central Geophysical Observatory. The highest daytime temperature in Kiev on April 24 was 27.0 in 1950, the lowest night-time temperature was -2.2 in 1893.
Tuesday, April 25, it will be cloudy with clear skies in Ukraine.
Intermittent rains in the western and eastern regions, sometimes with thunderstorms during the day, heavy rains in the Carpathian region in some places, no precipitation in the rest of the territory.
Winds are mostly south, 5-10 m/s.
The temperature at night is 4-9° warm; during the daytime it is 15-20°, in the west and east of the country – 9-14°,
In the Carpathian highlands, moderate to heavy rain with sleet in places, the temperature at night and daytime is 1-6° warm.
Cloudy with clear skies in Kiev on Tuesday. No precipitation. The wind is south, 5-10 m/s. The temperature at night is 7-9°, and 17-19° during the day.

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Flooding in Kiev is on decline

The flooding in Kiev has receded, in particular, compared to yesterday’s day, the water level has decreased by another 5 centimeters, the Kiev city military administration said.
“All week the flood is going to recede. But still held waterlogging floodplains and low areas of garden-garden development, homestead plots. Emergency flooding in the city of Kiev has not been recorded,” wrote the head of the KGVA Sergey Popko in the telegram channel on Sunday.
The measurements were made near the bridge “Metro”.
Recall that the peak of the flooding in Kiev was predicted for April 22.

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