Business news from Ukraine

UKRAINE’S RETAIL ASSOCIATION CREATES DATABASE OF UKRAINIAN MANUFACTURERS FOR RETAIL

The Retail Association of Ukraine (RAU) has launched a project to create a database of Ukrainian manufacturers, designed to unite retail chains and product owners, the association’s press service reported.
According to a press release, the implementation of the project will help trading companies quickly find the right manufacturers and suppliers in Ukraine, and manufacturers will increase their ability to supply products to national networks and regional players.
The project is also designed to support the Ukrainian manufacturer to ensure its stable sales of products and, as a result, the preservation of production, jobs and filling the local and state budgets.
To join the project, a manufacturer or supplier must fill out a form, where, in particular, indicate the list of products, the possibility of organizing delivery, etc.

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SPAR INTERNATIONAL LAUNCHED PROJECT TO EMPLOY UKRAINIAN SPECIALISTS FROM RETAIL IN EU

SPAR International and SPAR organizations in Europe are helping to solve the issue of employment for Ukrainians who had to move to European countries due to the war, according to a company release.
The company is currently accepting applications (temporary and long-term) from displaced Ukrainian citizens in the 17 EU countries where SPAR operates.
The applications consolidate information about the places of residence of internally displaced persons, the level of language proficiency and professional skills. As reported in the release, SPAR pan-European HR directors are united in an international working group to coordinate applications and place retail specialists from Ukraine in their network.
Founded in the Netherlands in 1932, SPAR International Grocery Store operates over 13,000 retail outlets in 52 countries. Since 2017, the network has been developed in Ukraine by the investment group VolWest Group (Lutsk). The network has 68 stores.

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UKRAINE’S RETAIL TURNOVER RAISES UP TO 5.1% IN DEC

Retail trade turnover in Ukraine in December 2021 increased by 5.1% compared to the same month in 2020 in comparable prices, while in November the growth was 5.8%, the State Statistics Service reported.
According to its data, in December, compared to November 2021, retail trade turnover increased by 19.3%.
The agency reported that in 2021, compared to 2020, retail trade turnover increased by 10.7%, to UAH 1.443 trillion.
The largest growth in the retail trade turnover of enterprises (legal entities and individual entrepreneurs) in 2021 compared to 2020 was recorded in Chernivtsi (by 25.7%), Ternopil (by 23.2%), Zakarpattia (by 20.7%), Vinnytsia (by 18.5%), Lviv (by 17.3%), Poltava (by 15.1%), Rivne (by 15%), Zhytomyr (by 14.2%), Cherkasy (by 13.3%), Chernihiv regions (by 12.4%).
According to the State Statistics Service, the leaders in absolute terms of retail turnover in 2021 were Kyiv city (UAH 279.124 billion), Dnipropetrovsk (UAH 132.258 billion), Kyiv (UAH 120.074 billion), Odesa (UAH 107.05 billion), Kharkiv (UAH 97.838 billion) and Lviv (UAH 89.465 billion) regions.
The service clarified that the turnover of retail trade enterprises (legal entities) in December 2021 compared to December 2020 increased by 5.8%, from November 2021 – by 19.3%, amounting to UAH 110.935 billion.
In general, in 2021, the retail turnover of enterprises increased by 10.9% (relative to 2020), to UAH 1.044 trillion. The wholesale turnover of enterprises for the year decreased by 6.8% and amounted to UAH 3.341 trillion.
As reported, in 2020, the retail trade turnover in Ukraine increased by 8.4% compared to 2019, to UAH 1.211 trillion.
The State Statistics Service recalls that the data are given without taking into account the temporarily occupied territories of the Autonomous Republic of Crimea, the city of Sevastopol, parts of Donetsk and Luhansk regions.

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LARGEST GROWTH IN RETAIL TRADE TURNOVER IN 2021 RECORDED IN CHERNIVTSI, TERNOPIL, ZAKARPATTIA

Retail trade turnover in Ukraine in December 2021 increased by 5.1% compared to the same month in 2020 in comparable prices, while in November the growth was 5.8%, the State Statistics Service reported. According to its data, in December, compared to November 2021, retail trade turnover increased by 19.3%.
The agency reported that in 2021, compared to 2020, retail trade turnover increased by 10.7%, to UAH 1.443 trillion.
The largest growth in the retail trade turnover of enterprises (legal entities and individual entrepreneurs) in 2021 compared to 2020 was recorded in Chernivtsi (by 25.7%), Ternopil (by 23.2%), Zakarpattia (by 20.7%), Vinnytsia (by 18.5%), Lviv (by 17.3%), Poltava (by 15.1%), Rivne (by 15%), Zhytomyr (by 14.2%), Cherkasy (by 13.3%), Chernihiv regions (by 12.4%). According to the State Statistics Service, the leaders in absolute terms of retail turnover in 2021 were Kyiv city (UAH 279.124 billion), Dnipropetrovsk (UAH 132.258 billion), Kyiv (UAH 120.074 billion), Odesa (UAH 107.05 billion), Kharkiv (UAH 97.838 billion) and Lviv (UAH 89.465 billion) regions.

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RETAIL TURNOVER GROWS IN UKRAINE

The turnover of retail trade in Ukraine in November 2021 compared to the same month in 2020 in comparable prices increased by 5.8%, while in October the growth was 5.7%, the State Statistics Service reported.
According to its data, in November compared to October 2021, retail turnover increased by 0.1%.
In January-November 2021, compared to January-November 2020, the retail trade turnover increased by 11.2%, to UAH 1.29 trillion.
The largest growth in retail trade turnover of enterprises (legal entities and individual entrepreneurs) for the 11 months of 2021 compared to the same period in 2020 was recorded in Chernivtsi (by 27.6%), Ternopil (by 24.4%), Zakarpattia (by 20.3%), Vinnytsia (by 19%), Lviv (by 18.1%), Poltava (by 17.5%), Rivne (by 15.3%), Cherkasy (by 13.3%), Khmelnytsky (by 13%), Odesa (12.6%), Ivano-Frankivsk and Chernihiv (12.4%), Kyiv (12%), Mykolaiv (11.5%) regions.
According to the statistics department, the leaders in absolute indicators of the volume of retail trade in 11 months ending November 30, 2021 were: Kyiv city (UAH 248.785 billion), Dnipropetrovsk (UAH 118.223 billion), Kyiv (UAH 108.185 billion), Odesa (UAH 95.664 billion), Kharkiv (UAH 87.153 billion) and Lviv (UAH 79.974 billion) regions.
The State Statistics Service said that the turnover of retail enterprises (legal entities) in November 2021 compared to November 2020 grew by 6.4%, compared with October 2021 – by 0.1%, amounting to UAH 92.464 billion.
At the same time, in January-November this year, the retail trade turnover of enterprises increased by 11.4% (compared to January-November last year), to UAH 933.435 billion.
The wholesale turnover of enterprises (legal entities) in January-November 2021 compared to the same period in 2020 fell by 7% and amounted to UAH 3.006 trillion.
The State Statistics Service reminds that the data are given without taking into account the temporarily occupied territories of the Autonomous Republic of Crimea, the city of Sevastopol, part of Donetsk and Luhansk regions.

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ARSENAL INSURER INCREASES COLLECTION OF PREMIUMS

The Arsenal insurance company (Odesa) in January-September 2021 collected UAH 11.063 million in net premiums, which is 19.4% more than in the same period in 2020.According to a company’s report, posted in the information disclosure system of the National Securities and Stock Market Commission, its gross premiums for this period increased by 31.7%, to UAH 14.624 million. Some UAH 3.715 million was transferred to reinsurance (more by 67.5%).Over nine months, the company paid UAH 330,000, which is almost 50% less than in the same period a year earlier.Company’s administrative expenses amounted to UAH 2.452 million (more by 7.8%), and sales expenses – UAH 908,000.Gross profit amounted to UAH 10.733 million (more by 24.2%), net profit UAH 7.503 million, while in the same period a year earlier it was UAH 7.732 million.As reported, in October 2021, Vostok Capital LLC (Kyiv) became a new shareholder of the company with a block of 80.741% of shares, the main shareholder of which is PrJSC Fozzy Group.Fozzy Group is one of the largest Ukrainian retailers with nearly 690 points of sale throughout the country. As of 2019, the total area of its stores exceeded 1 million square meters.

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