Business news from Ukraine

LEMONS COULD DISAPPEAR IN UKRAINIAN SUPERMARKETS DUE TO CLOSURE OF TURKISH AND SPANISH MARKETS

Lemons could disappear from the shelves of Ukrainian supermarkets in the middle of April due to the closure of the Turkish market and possible difficulties with supplies from Spain, Development Director at the Ukrainian Horticultural Association Kateryna Zvereva has said.
“Ukraine imports annually around 55,000 tonnes of lemons (54,300 tons in 2019). Deliveries from Turkey account for more than 60% of the total. Due to the closure of the Turkish market, products from this country will be replaced by products from South America (Argentina is second largest supplier of lemons to Ukraine after Turkey), “she told Interfax-Ukraine.
According to Zvereva, in the middle of April, a situation when consumers will not be able to find lemons on the shelves of Ukrainian supermarkets may arise.
“Deliveries of lemons from Turkey are limited due to the closure of the market. Deliveries from Spain are also a big question (due to the strong spread of the coronavirus disease COVID-19 pandemic in the country). And lemons from Argentina simply will not have time to reach the country by sea physically,” the expert said.
The development director of the Ukrainian Horticultural Association said that lemon prices have doubled over the past month. At the beginning of March, the average price was UAH 40-45 per kg, now it is UAH 80-90 per kg.
“Now it’s difficult to predict the price increase as the situation is developing rapidly and it is not clear what will happen tomorrow. But, it’s also worthwhile to understand that Turkish lemon is the cheapest. If the consumption level does not change, it is likely that the price of lemon may increase and reach over UAH 100,” Zvereva said.

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SUPERMARKET NOVUS OPENS 7,000 SQ M WAREHOUSE NEAR KYIV

Novus Ukraine LLC (Kyiv), the managing company of the network of Novus hyper- and supermarkets and Novus Express convenience stores in Ukraine, at the end of 2018 opened an A class logistics center of 7,000 square meters in the village of Sofiyevska Borschahivka near Kyiv. According to the press service of the retailer, the new warehouse will allow increasing centralization of supplies to the stores of the network, as well as freight turnover of its own logistics by 30%. The facility will serve Novus stores in Kyiv region, as well as wholesale buyers. The delivery of goods from the warehouse to the network stores will be carried out by the contractor.
According to the Novus website, as of January 14, 2018 the network in Ukraine included 43 stores. The overwhelming majority of objects operates in Kyiv and Kyiv region – 34 outlets. In 2018, the retailer opened five new stores: four in Kyiv, and one in Irpin.
As reported, at the end of 2017, the EBRD opened a credit line of up to $25 million to Novus Ukraine for a period of seven years to support the expansion of the supermarket chain and the construction of a logistics center in Kyiv region.
Novus Ukraine LLC was established in 2008. The same year the first Novus supermarket was opened in the country.

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SUPERMARKET CHAIN NOVUS PLANS TO OPEN SEVEN NEW STORES IN KYIV IN 2018

The Novus Ukraine retail supermarket chain plans to open seven new stores in Kyiv by the end of 2018, the company’s press service has reported. According to the report, the Novus chain in April was expanded to 39 outlets, after the opening of a store at 4A, Heroyiv Stalinhradu Avenue. The retail area of the two-story store is 921 square meters.
As reported, the European Bank for Reconstruction and Development (EBRD) opened a credit line of up to $25 million to Novus Ukraine for seven years to support the expansion of the Novus supermarket chain. In addition, according to the EBRD, Novus will receive a $500,000 grant from the FINTECC (the Finance and Technology Transfer Centre for Climate Change) to support energy saving technologies.
BT Invest was set up in 2008 by former stockholders in Sandora juice producer Raimondos Tumenas and the late Ihor Bezzub. The company owns the Novus chain, Stolitsa Group that implements real estate projects in Kyiv city and region and acts as an investment partner in construction of the Retroville shopping center. BT Invest also owns a business center in Lithuania. BT Invest jointly with Ukrainian partners is realizing a new infrastructure project – a seaport in Mykolaiv.
The Antimonopoly Committee of Ukraine in 2016 allowed companies Numb Holdings Limited, Skopian Holdings Limited, Sopason Holdings Limited (all based in Nicosia, Cyprus), BT Invest Ukraine and Novus Ukraine (both LLC, Kyiv) to acquire stakes in the charter capital of construction companies Lisovy Zatyshok, Esvalda, Chervona kapeliushka, Konserela Ukraine (all LLC, Kyiv) and Steel-Invest (Boryspil, Kyiv region).

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