Business news from Ukraine

NEW WORK LABS FROM HUNGARY TO OPEN CO-WORKING PLACE IN KYIV IN SPRING 2018

Hungary’s New Work Labs has signed a contract to open a co-working place with a gross area of 1,000 square meters on the third floor of the Globus shopping center in Maidan Nezalezhnosti (Independence Square) in Kyiv, the press service of the shopping center has reported.
“For Hungarian company New Work Labs this is the first project of a joint office space in a shopping center. The spacious and comfortable office in the Globus shopping center will be up to date for residents and guests of Kyiv, and it will significantly complement the variety of services in the shopping center,” the press release quotes the manager. the department of rent of the Globus TC Elena Semochkina.
The Globus shopping center was put into operation in 2001. It consists of two parts: Globus 1 and Globus 2. Its total area is 35,400 square meters, retail space – 18.580 square meters. Three legal entities are the owners of Globus shopping center since 2008: Delight LLC, Delight Plus LLC and Delight City LLC, which are owned by a major European investment company London & Regional Properties.
New Work Labs (Hungary) was established in 2012. It is engaged in providing premises in the format of co-working for the needs of growing companies and individuals. Currently, the company operates seven working locations in Hungary with a total area of more than 12,000 square meters

SALES OF TELECOMS SERVICES 6.7% UP IN UKRAINE

The volume of sales of services by telecommunications and postal communications enterprises in Ukraine in 2017 amounted to UAH 66.04 billion, which in absolute prices is higher than the level of 2016 by 6.7%, according to the State Statistics Service of Ukraine.
According to its data, the volume of services provided to the population amounted to 57.6% of the total volume of services sold.
At the same time, in comparable prices compared to 2017 the volume of services sold as a whole decreased by 3.6% and in terms of providing services to the population grew by 3.7%.
In particular, in absolute prices over the past year the volume of sales of postal and courier services grew by 11.7%, to UAH 5.521 billion, of which services rendered to the population amounted to UAH 1.342 billion.
The volume of sales of mobile communications services last year grew by 3.3%, to UAH 35.217 billion, of which services provided to the public amounted to UAH 23.444 billion.
The volume of sales of Internet services in 2017 also rose by 18.9% and amounted to UAH 10.818 billion, of which the population was provided with services worth UAH 7.419 billion.

UKRAINE INCREASES SUGAR PRODUCTION BY 6.5%

Sugar production in Ukraine in the 2017/2018 marketing year (MY, September-August) increased by 6.5% compared to the previous season, to 2.14 million tonnes, the Ukrtsukor National Association of Sugar Producers has reported.
According to the report, for the same period last year this figure was 2.01 million tonnes.
The rise in production is due to the expansion of areas under sugar beets and the launch of four more sugar refineries in addition to last year’s 42 plants.
“The production season is completed. Some 46 sugar plants manufactured 2.14 million tonnes of sugar, which is 6.5% more than last year. It should be noted that the increase in sugar production could be even higher, but weather conditions during the growing season did not contribute to the increase in the yield of sugar beets,” the association notes.
The leader in production remained Vinnytsia region with 445,600 tonnes of sugar. The second position was held by Khmelnytsky region with 290,200 tonnes, the third one by Ternopil region with 283,500 tonnes.
As reported, with reference to the data from Ukrtsukor, exports of sugar from Ukraine for the 2016/2017 MY (September-August) amounted to 769,300 tonnes, which is 6.8 times more than a year earlier (112,960 tonnes).

DANISH FM Anders SAMUELSEN TO VISIT UKRAINE ON FEB 20-22

Foreign Minister of the Kingdom of Denmark, Anders Samuelsen, will pay a working visit to Ukraine on February 20-22, 2018.
According to the press service of the Ukrainian Foreign Ministry, during the visit, Samuelsen will hold talks with Ukrainian Foreign Minister Pavlo Klimkin, and also take part in the high-level meeting in the Cabinet of Ministers of Ukraine on reform in Ukraine, organized for representatives of the diplomatic corps accredited to Ukraine, international organizations, financial institutions and the public.
On Wednesday, February 21, a joint press conference will be held between Klimkin and Samuelsen, as well as the signing of joint invitations to the International Conference on Reform in Ukraine (in Copenhagen, June 27).

UKRAINIAN INSURANCE GROUP RAISES PAYMENTS BY 44.3% IN JAN 2018

Ukrainian Insurance Group in January 2018 settled more than 8,600 insurance cases and paid over UAH 43.57 million of insurance claim fees (44.3% more compared to January 2017, UAH 30.2 million on 7,500 cases), according to the insurer’s website.
Ukrainian Insurance Group has been working in the Ukrainian market of conventional insurance since 2000. Since 2008 it has been part of Vienna Insurance Group, the leader of the insurance market in Central and Eastern Europe.

BAKU, ANKARA, KYIV AGREE ON REGIONAL FORMAT OF TRILATERAL COOPERATION

Azerbaijan, Turkey and Ukraine will hold political consultations in Baku on March 6, Azerbaijan’s Ambassador to Ukraine Azer Xudiyev said.
“In this regard, Undersecretary of the Turkish Ministry of Foreign Affairs Umit Yalcin and Deputy Foreign Minister of Ukraine Vasyl Bodnar will visit Azerbaijan,” Xudiyev told the Azeri state news agency AZERTAG.
Xudiyev noted that the consultations are related to the creation of a new trilateral format of Azerbaijan-Turkey-Ukraine cooperation.
“During the consultations, issues of political, economic, energy and humanitarian cooperation will be considered, prospects for their development, as well as interaction within the framework of international organizations will be discussed,” the diplomat said.
The ambassador noted that the sides would also tackle cargo transportation within the framework of the new format of cooperation, as well as issues of energy supplies through the basins of the Caspian and Black Seas.