The Spanish retail operator Inditex Group will open seven new stores of the chain with a total area of 7,400 square meters in the River Mall trade center at 12 Dniprovska Embankment in Darnytsky district of Kyiv.
According to the press service of the shopping center, the new facilities include the country’s largest two-storey Zara store with an area of 3,500 square meters, Zara Home (529 sq m), Massimo Dutti (678 sq m), Pull & Bear (798 sq m), Oysho (408 sq m), Bershka (932 sq m), and Stradivarius (557 sq m).
In general, by the end of 2018, Inditex Group had 65 stores in Ukraine, in particular, such brands as Pull & Bear (14), Zara (9), Zara Home (2), Massimo Dutti (6), Bershka (14), Stradivarius (12), Oysho (7), and Uterque (1).
As reported, Inditex plans to launch online sales of the Zara brand in Ukraine in the fall and winter of 2019.
According to the company’s report, the pretax profit of Inditex in the country in 2018 amounted to EUR28 million.
Inditex Group was founded in 1963. It unites more than 7,000 stores in 91 countries under the brands Zara, Zara Home, Oysho, Massimo Dutti, Bershka, Pull & Bear, Stradivarius, and Uterque.
In Ukraine, Inditex Group has been represented since 2008. At the end of 2016, Inditex presented its first Uterque brand store in the Ukrainian market in the Gulliver trade center.
The focus of this year’s Kyiv Investment Forum that will take place on September 17 at the Mystetskyi Arsenal, lies on the strategy of creation and development of the Kyiv agglomeration. The forum will bring together Ukrainian and international investors, representatives of foreign municipalities, local governments, the Kyiv business elite, IT and art communities. The participants of the forum will discuss the potential of the capital and the Kyiv region as a whole, and will provide recommendations on how to turn Kyiv agglomeration into a modern metropolis: a place of attraction for investors, tourists and innovative entrepreneurs.
“Given the popularity of urban tourism, the Kyiv agglomeration has the potential of becoming one of Europe’s hubs for various festivals, artistic events, culinary tourism, and for the creative economy. Our goal is to create the Greater Kyiv brand, just like the world-famous Greater London,” says Vitali Klitschko, the Kyiv Mayor.
Special guests of the Investment Forum will be representatives of the political elite and foreign municipalities from around the world who will share their experiences.
The event includes panel discussions with the participation of the leading experts on the social identity of Kyiv and the creative economy for the future agglomeration, as well as discussions on the infrastructure solutions for the development of the metropolis of the future. Attention will also be paid to potential accelerators for the development of metropolitan tourism like cultural, musical and sporting events.
The Kyiv Investment Forum 2009 is an event that signals unification and mutually beneficial inter-municipal cooperation to accelerate the socio-economic development of all communities involved.
Last year’s Kyiv Investment Forum was held on November 27 and gathered more than 500 participants from 23 countries. In particular, business and investment communities, central and city governments, international financial institutions and the media. 30 urban projects were presented during the forum to attract investment in various fields of innovation.
Araks Group of Companies (Kyiv) in the end of September will open a new furniture trade center with a total square of 15,000 square meters in the village of Khodosivka of Kyiv region, a group’s press service reported. “A decision to open a new trade center and to develop Araks furniture network is carefully worded. We engross our business and we’re glad to cooperate with the new brands, which will be displayed at the new furniture center,” Araks group quotes one of its shareholders Harush Antonian as saying on Monday.
According to a press release, the new three-storey shopping center, 25 kilometers away from Kyiv, will consist of the shops with household goods: furniture, kitchen, lighting, floor coating, textile, decoration and others. Armenian classicism combined with modernistic forms is at the bottom of the architecture, the company said.
The first Araks furniture trade center with a square of 27,000 square meters at 110 Kiltseva Street opened in 2009.
In public cadastral map, Kyiv-based Business-Techno Plaza LLC is owner of the land plot with a square of three hectares on which the center was built.
The new Ambassador of France to Ukraine, Etienne de Poncins, has arrived in Kyiv. “I’ve safely arrived in Kyiv. My mission as the head of the French Embassy in Ukraine may begin,” the diplomat wrote on Twitter.
Etienne de Poncins was appointed Ambassador of France to Ukraine on July 24. Prior to that, he worked as an inspector of the French Foreign Ministry, and in the European External Action Service, and was also the French ambassador to Kenya and Bulgaria.
The previous Ambassador of France to Ukraine, Isabelle Dumont, completed her work in Ukraine on July 27.
The Swedish owner of the clothing chain Hennes & Mauritz AB (H&M) will open a third store in Ukraine at River Mall shopping and leisure center at 12 Dniprovska Naberezhna Street on September 12.
As a press service of River Mall’s broker Colliers International (Ukraine) reported, the two-storey store with an area of 2,900 square meters will be designed in a new interior concept.
According to the broker, H&M Sport men’s collection will be on display in the new store for the first time in Ukraine.
H&M, KYIV, RIVER MALL, STORE
Norway’s Norsk Solar has signed an agreement with the Voltage Group Ukrainian Company for designing and building of a 9 MW solar power plant near the town of Brovary in Kyiv region, the Nordic Environment Finance Corporation (NEFCO) reported on its website. According to the NEFCO, Voltage Group developed design documentation for construction of the solar plant on a total land area of 12.6 hectares.
The plant, which is located in the village of Semypolky, is to be commissioned at the end of 2019.
As reported, the NEFCO will lend EUR 4.35 million to Norway’s Norsk Solar for the construction of the plant, while Norsk Solar will issue another EUR 4.35 million.
The project owner and majority equity contributor, Norsk Solar AS, is part of the Norsk Vind group.
Norsk Solar is owned by Norwegian Lars Helge Helvig.
Ukrainian SPP will be the second such kind of a project for the company.
BUILDING, CONTRACT, KYIV, NORSK SOLAR, SOLAR POWER PLANT, UKRAINIAN CONTRACTOR
