Business news from Ukraine

Business news from Ukraine

SEVEN HILLS DEVELOPER PLANS TO START BUILDING SECOND RESIDENTIAL COMPLEX IN KYIV

Exko Plus LLC (Seven Hills developer, Kyiv) of businessman of Israeli origin Beny Steinmetz plans to start implementing a project to build a business class residential complex located at 39/2 Henri Barbusse Street in the Pechersky district of Kyiv. “We continue believing in business class – the segment where we work. We see and feel that it is stable. Demand remains. We will continue working in this residential housing segment,” Seven Hills CEO Arie Schwartz said at the RED PM DAY 2018 conference held last week in Kyiv.
He told Interfax-Ukraine that the company’s primary task is to complete the construction of the last stage of the Park Avenue residential complex, scheduled for the first quarter of 2019, and then focus on the new project.
As expected, the new complex will be designed for 670 high-end apartments. The construction of this residential complex was announced back in 2008. Then the developer several times postponed the start of its implementation.
According to Schwartz, the company’s portfolio contains five sites in Kyiv for development, one of them is Park Avenue residential complex (located at 58A, Holosiyivsky Avenue) and one in the pipeline – in the Pechersky district (located at 39/2, Henri Barbusse Street).
“We thought that it will take about five years to build Park Avenue. Today it is 11 years, and we continue working on our other projects,” Schwartz said.
As reported, Seven Hills in 2009 announced plans to start implementing three construction projects in Kyiv city and region, in particular, the Podol A class office center and a premium-class residential complex in Kyiv and the Airport City office and warehouse complex in Kyiv region.
Exko Plus LLC was established in 2004, its main activity is the construction of residential and nonresidential buildings.
According to the unified public register, participants of LLC are Global Space Management Limited (90%) and Respublika investment fund (10%). The ultimate beneficiary is Steinmetz.

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KYIVAN RUS PARK INVITES TO MAKE TIME TRAVEL IN THOUSAND YEARS AGO TO JOIN ANCIENT SLAVIC AMUSEMENTS

On December, 1-st and 2-nd the «Kyivan Rus Park» invites to make a time travel in a thousand years ago and join the ancient Slavic amusements.
In the first winter weekend here, in the Principality of Kyivan Rus, there will be a “Winter has knocked on the gates” show-program.
The guests will see the real life of a medieval city, museums and expositions, the horses of historical breeds gathered together from all over the world in the Princely stable, as well as the amusements for any taste: live vocal, horse-trick performances, theatric staging on the historical theme, ancient Slavic diversions, fresh air and good mood.
Ancient Kyiv opens at 10:00. The program starts at 13:30 and lasts till 17:30.
The ticket price: a full adult ticket – 150.00 UAH, for pensioners and students – 100.00 UAH; for schoolchildren – 50.00 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is situated in the vill. Kopachiv, Obukhiv district, Kyiv region. Route taxis leave from Kyiv from the «Vydybitchi» metro station
Detailed information on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for the adult ticket (at full price) to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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ONE OF THE LARGEST PRODUCERS OF BREAD IN UKRAINE OPENS EUR15 MLN PLANT NEAR KYIV

One of the largest producers of bread in Ukraine opens EUR15 mln plant near Kyiv
KYIV. Nov 27 (Interfax-Ukraine) – Khlibni Investytsii Holding LLC, one of the largest producers of bread and bakery goods in Ukraine, has opened the Chanta Mount plant for production of frozen bakery products in the village of Novi Petrivtsi near Kyiv. According to a report on the company’s website, at the initial stage the investment in the project amounted to EUR15 million, after putting into operation all the necessary capacities it will exceed EUR25 million.
“Even today Chanta can produce almost 30 tonnes of ciabatta, French baguettes and other artisan breads per day. After installing additional lines, the capacity will increase to 90 tonnes per day. Thus, Chanta Mount has become one of the largest companies of such specialization in Europe,” the report says.
“We plan to sell 50% of our products in Ukraine, and the rest to sell for exports. We have a very powerful R&D department, which will develop the most interesting recipes for customers,” company founder Yuriy Tryndiuk said.
The report says the main buyers of these types of semi-finished products are bakeries in supermarkets and trade centers, mini-bakeries, fuel filling stations, the HoReCa sector, and the service of food delivery to offices.
Khlibni Investytsii Holding assesses its share in the Ukrainian market of bakery products at 8%, ranks third among the largest bread companies. It produces about 132,000 tonnes of goods per year.

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BUDGET OF KYIV FOR 2019 WILL BE UAH 53 BLN – VITALI KLITSCHKO

The budget of Kyiv for 2019 is planned at the level of UAH 53 billion, the press service of Kyiv City State Administration has reported.
“The budget of the capital for 2019 is planned at the level of UAH 53 billion,” Kyiv Mayor Vitali Klitschko said.
According to the mayor, in recent years the Kyiv authorities have managed to increase revenues to the capital budget. The budget of Kyiv for 2018 grew by almost UAH 4 billion. And this allowed realizing many necessary infrastructure projects.
This year, at the expense of the city budget, it was possible to overhaul over 800 kilometers of roads. Bicycle paths appeared in the city, it became possible to build or completely reconstruct 19 kindergartens and seven schools, to implement many other projects.

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LITHUANIAN PRESIDENT TO VISIT KYIV

Lithuanian President Dalia Grybauskaite will visit Ukraine in a few days, President of Ukraine Petro Poroshenko has said. “Dalia Grybauskaite, President of Lithuania … will be in Kyiv in a few days as my guest, a guest of Ukraine,” Poroshenko said during a meeting with students of the National University of Trade and Economics in Kyiv.

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HUNGARIAN COMPANY OPENS FIRST CO-WORKING SPACE IN KYIV

The Hungarian company New Work Serviced Offices on November 16 opened the first co-working space in Ukraine, an object of 960 square meters located on the third floor of the Globus 2 shopping center on the Independence Square in Kyiv.
According to the press service of the trade center, the New Work Labs Globus smart space includes meeting rooms, a conference room for up to 60 people, an event area, skype rooms, a kitchen, recreational islands, and its own coffee bar.
“Residents receive individual access to the space through a mobile application, thanks to the use of the KISI system,” the report says.
In addition, co-working residents in the Globus shopping center will be able to work not only in the Kyiv location, but also in Budapest, Warsaw, and Prague. The company currently manages 12 locations in Eastern Europe.
According to the press service, the co-working service offers tariff plans from four hours a day to monthly tariffs with a fixed individual workplace or a private office for the whole team. At the same time, it is possible to work in co-working 24/7.
New Work Labs (Hungary) was established in 2012 and is engaged in the provision of co-working space for the needs of growing companies and individuals.

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