Business news from Ukraine

Business news from Ukraine

Overview of office real estate in Riga by Relocation

In 2024, the office real estate market in Riga demonstrates stability, supported by economic growth and increased business activity. Despite the moderate pace of construction of new business centers, the demand for modern office space remains high, especially in the city’s central districts and business zones.

Rental prices in different districts of Riga

  • Thecenter of Riga ( Old Town, Kr. Barona Street, Brivibas Street):
  • The most prestigious business centers and historic buildings converted for office use are located here. The average rental price varies from €12 to €20 per m² per month, and in the top premium locations – up to €25 per m².
  • Skanste (modern business district):
  • A rapidly developing business area with modern office buildings and convenient infrastructure. Average rental rates are €10-18 per m², and in new Class A properties they can reach €22 per m².
  • Purvciems, Teiki, Imanta (residential areas):
  • These districts offer more affordable options for small and medium-sized businesses. Office rental prices here range from €7-12 per m², making them attractive for startups and small companies.

Trends and forecast until the end of 2025

  • Growing demand for flexible office space
  • Coworking and short-term office space continues to gain popularity, especially among IT companies and freelancers.
  • Limited new construction
  • The pace of commissioning of new business centers remains restrained, which supports the level of prices, especially in the central areas.
  • Stability of rental rates
  • Office rents in Riga are expected to remain stable until the end of 2025, with possible minor adjustments depending on the economic situation and demand in key business zones.

Thus, the office real estate market in Riga continues to develop, remaining attractive to occupiers, especially in modern business centers and flexible office spaces.

Source: http://relocation.com.ua/ohliad-ofisnoi-nerukhomosti-ryhy-vid-relocation/

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Join UP! opens company in Czech Republic and launches office in Prague

Join UP!, one of the leaders of the Ukrainian travel market, is opening a company in the Czech Republic, with an office in Prague, the company’s press service toldInterfax-Ukraine.

“Entering the Czech market is an important stage in the brand’s development. Although this is the ninth country where we have started working since the creation of Join UP! tour operator in 2010 in Ukraine, this story is not only about growth for us. Scaling the Join UP! travel experience to other markets also reflects our commitment to transforming the travel industry and encouraging people to travel, because we sincerely believe that travel is not just entertainment, but also a way to take care of yourself and your loved ones, to live every day of your life to the fullest, despite all the challenges of recent years,” comments Alina Alba, co-founder of Join UP! Alina Alba, co-founder of Join UP!

It is reported that the new tour operator will soon present a summer selection of its top destinations to the Czech market. Among them are direct flights from Prague to Sharm el-Sheikh in Egypt, as well as to the Mediterranean resorts of Greece, Turkey, and Cyprus. It is also noted that from Katowice, Poland, the tour operator offers flights to Egypt, the Dominican Republic, Greece, Turkey, Tunisia, Bulgaria, Spain, Montenegro, and Cyprus. Such a flight program opens up additional opportunities for our compatriots to spend their holidays in the Czech Republic. In particular, from Ostrava, where there are many Ukrainians, it is an hour’s drive to Katowice, Poland, which is almost four times closer than Prague.

The Join UP! brand is developing on the principle of localism by combining a global strategy with the local cultural context. The brand’s international expansion already covers 8 markets: the Baltic States, Kazakhstan, Moldova, Poland, Romania, and the Czech Republic. Preparations for the launch in Slovakia and Hungary are nearing completion.

Also in Poland, in Katowice, in 2024, the brand opened the first franchise agency on the international market.

Join UP! LLC was established in 2013, with an authorized capital of UAH 72 million 671 thousand. The ultimate beneficiaries are Yuriy and Oleksandr Alba. In 2023, revenue increased to UAH 16 million 639 thousand, which is 2.3 times higher than in 2022.

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Nova Poshta opens 31st post office in Moldova

Nova Poshta, the leader in express delivery in Ukraine, has opened a new post office in Balti, Moldova, bringing its total number of post offices in the country to 31.

“We have opened a new post office in the Moldovan city of Balti. Branch No. 4 at 8/4 Stefan cel Mare Street became the 31st Nova Poshta branch in the country. In the branch, you can send and receive parcels up to 30 kg,” the company said in a telegram.

“Nova Poshta has been operating in Moldova since 2014. At the very beginning, the company opened three branches in the country: in Chisinau, Cahul and Balti. In 10 years, Nova Poshta has increased their number to 30, opening three sorting terminals.

In the first half of 2024, Nova Post Moldova delivered 1.1 million parcels. In 2023, the company delivered 1.2 million parcels. Nova Post Moldova is among the three fastest delivery companies in Moldova.

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Japanese foreign trade organization JETRO opened office in Kiev

“In connection with the opening of the office, we also created a Ukrainian business department at JETRO headquarters, which decided to invite a business support team between Ukraine and Japan. We came with 10 major Japanese companies and startups equipped with advanced technology and a strong commitment to support Ukraine’s reconstruction,” Jetro head Norihiko Ishigura said at the office opening in Kiev on Thursday.
Ukrainian Prime Minister Denis Shmygal also attended the ceremony.
Among the companies that have decided to interact with Ukrainian business are Itochu Corporation (represents investment products, but in Ukraine is interested in engineering projects, food/chemicals/metals trade and automotive business), Taichi holding Limited (develops air conditioning systems, sells construction equipment), Nippon express holding Inc (freight forwarder), Green (develops “clean” solutions for agribusiness), NTC International Co (consulting firm in the field of agriculture), Spec Company Limited (develops soil reinforcing agents), and NTC International Co (agricultural consulting firm).
According to him, JETRO will continue to bring Japanese business initiatives to Ukraine and create as many opportunities as possible for companies from both countries.
He also hopes that Ukraine and Japanese companies will take advantage of these opportunities and develop business relations.
The members of the JETRO Kyiv office are Shibata Tetsuo – he has been appointed CEO of JETRO Kyiv, Sagakuchi Ryohai – coordinator of Jetro in Ukraine, Yoden Tomohiro – deputy CEO, and Diana Nazarova – JETRO Ukraine project coordinator.
“I look forward to building strong ties with Ukrainian communities as a true friend. Dear Kiev, I love you,” Tomohiro stated.
In turn, First Deputy Prime Minister and Minister of Economy of Ukraine Yulia Sviridenko said that the opening of JETRO office in Kiev marks the beginning of strategic partnership between Japan and Ukraine.
JETRO (Japan External Trade Organization) – Japan External Trade Organization Office, an independent administrative body under the auspices of the Ministry of Economy, Trade and Industry of Japan, established to promote trade and economic cooperation with other countries of the world.

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One of world leaders in humanitarian demining opens office in Kyiv

One of the world leaders in the field of robotic systems for humanitarian demining, the Croatian company DOK-ING, has opened an office in Kyiv, which will help coordinate mine action efforts between Ukraine and Croatia, First Vice Prime Minister and Minister of Economy Yulia Svyrydenko said during the opening ceremony.
“We highly appreciate the support provided by Croatia to Ukraine. There are 45 Croatian DOK-ING demining machines currently operating in Ukraine, which have helped clear over a thousand hectares of Ukrainian land. I hope that the opening of the office in Kyiv will be the beginning of even closer cooperation, and our sappers will be able to learn in Ukraine how to operate and maintain these machines,” the press service of the Ministry of Economy quoted her as saying.
The Ministry of Economy noted that Ukraine is one of the key users of DOK-ING demining machines. The State Emergency Service (SES) uses DOK-ING equipment the most. Its fleet includes 10 MV-4 light demining vehicles and 14 MV-10 heavy demining vehicles. Croatian demining machines are also used by the State Special Transport Service (SSTS), humanitarian demining operators and units of the Armed Forces of Ukraine.
Of the 45 DOK-ING machines operating in Ukraine, 8 are manufactured at a Ukrainian plant that is a partner of the Croatian company.
“It is very important for us that some of the DOK-ING equipment is manufactured in Ukraine, as it means new jobs and additional budget revenues and support for the economy. In addition, manufacturing equipment in Ukraine reduces delivery time and facilitates logistics when repairs are needed. All of this ultimately accelerates the pace of demining and saves millions of lives,” Svyrydenko added.
The Ukrainian company A3TECH carries out large-scale assembly of DOK-ING demining machines with partial localization: part of the working body is already produced in Ukraine and by the end of the year the company is ready to increase the level of its localization to 100%. In 2024, the company produced eight localized MV-10 heavy demining machines, six of which have already been handed over to the SES.
DOK-ING produces both light and heavy robotic demining and explosive ordnance disposal machines. Due to their low profile and robust design, these vehicles are resistant to anti-personnel mines and unexploded ordnance detonations and can withstand an anti-tank mine explosion. DOK-ING vehicles are controlled by a remote control with a range of up to 1500 meters.

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French Development Agency to open representative office in Kyiv

A representative office of the French Development Agency will open in Kyiv in July 2024, the French Embassy in Ukraine reported on Thursday.
“In addition to the two loans being implemented in support of Ukraine in 2022, we will now finance activities related to the sustainable development of Ukraine,” the statement said.

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