Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 24/09/20

National bank of Ukraine’s official rates as of 24/09/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF SEPTEMBER 24

Official rates of banking metals from national bank as of September 24

One troy ounce=31.10 grams

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UKRAINE AND HUNGARY PLAN TO HOLD BUSINESS FORUM

Ukraine and Hungary will soon hold a business forum of Ukrainian and Hungarian companies, Ukrainian Foreign Minister Dmytro Kuleba said.
“We also agreed to structure our interaction on cooperation programs that Hungary is implementing in Zakarpattia region. You know that both Péter [Szijjártó] and I pay great attention to the development of trade, therefore we also agreed to immediately hold a business forum of Ukrainian and Hungarian companies under the auspices of our two ministries,” Kuleba at a joint press briefing with Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó in Uzhgorod on Wednesday.
The Ukrainian minister said that both countries are striving for the growth of trade, interpersonal contacts, infrastructure projects, political contacts.
“We, as you know, have a very intensive and rich dialogue with my Hungarian colleague, the goal of which is to ensure rich, dynamic and effective interaction between Ukraine and Hungary. It will not be an exaggeration to say that we have already achieved a lot in this area: we renewed trust in our dialogue, we held a meaningful meeting of the bilateral Ukrainian-Hungarian economic commission, we started to move towards the implementation of a number of common infrastructure and trade projects,” Kuleba said.
However, Hungarian Minister of Foreign Affairs and Trade said that Hungary is ready to “steer bilateral relations in the right direction” and named a number of projects that Budapest is ready to implement.
“I noted to my colleague that we are ready to co-finance the reconstruction of Berehove hospital. We are ready for the reconstruction of the bridge that crosses the Tisza River, which passes near the Chop-Zahony checkpoint. We are ready to take part in the construction of a bypass road in Berehovo and its construction to the border. We are ready to open a border checkpoint. We are ready to finish the M3 highway to the Ukrainian border by 2021,” Szijjártó said.
He said that Hungary will continue to help Ukraine and noted that over six years his country has already invested HUF 90 billion in the development of Zakarpattia.
“We recognize the territorial integrity of Ukraine, we support gas supplies that go to Ukraine, we provide transit through Hungary for Ukrainian citizens who travel to Europe. And in the OSCE mission, which operates in eastern Ukraine, one of the largest groups is Hungarian specialists,” the head of the Foreign Ministry said.

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GERMAN COMPANY REISSWOLF OPENS REPRESENTATIVE OFFICE IN KYIV

The German company Reisswolf, which provides services for storing and destroying information, has opened its representative office Reisswolf Ukraine in Kyiv.
According to a report of the company released on Tuesday, the capacity of the first archival storage located in Kyiv is 200,000 archive boxes or about 3,000 tonnes of paper.
In addition to offsite storage, Reisswolf Ukraine will provide archival processing, digitization, electronic archiving and confidential destruction of documents.
“The security of document storage is achieved by three-level protection and depersonalization of boxes, when identification occurs exclusively by bar codes. Digitized documents are stored on servers located in the EU,” the company said.
According to Director of Reisswolf Ukraine Serhiy Aloni, there are already operators of archival storage on the Ukrainian market.
“Reisswolf Ukraine sees its role in making storage, digitization and other procedures with business documents familiar to companies of any level, including sole proprietorship,” he said.
The company estimates the volume of the Ukrainian archive storage market at 2 million boxes per year, noting that today only 10% of Ukrainian companies use archive storage services, while in Europe this figure reaches 65-70%.
“In the next five years, Reisswolf plans to expand its presence in other large cities of Ukraine – Kharkiv, Odesa, Lviv, and Dnipro,” the company said.

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DANISH JYSK INCREASES SALES IN UKRAINE BY 23%

Jysk Ukraine LLC (Kyiv), which develops a chain of stores of furniture and household goods (Denmark) in Ukraine, increased sales in Ukraine in the 2020 financial year (September 1, 2019-August 31, 2020) by 23.8% compared to the previous fiscal year, to UAH 2.319 billion.
“The fiscal year of 2020 has ended. Dramatic, unpredictable, but the best in Jysk history: despite the coronavirus, Jysk achieved a record turnover of EUR 4.1 billion, up 7.6% from FY 2019,” Executive Director of Jysk in Ukraine Yevhen Ivanytsia said on LinkedIn.
This is the result of strong pre-coronavirus sales in Europe and Asia and a significant increase in sales compared to the previous period in customer numbers after the company was allowed to reopen stores, he noted.
In particular, following the results of Jysk’s work in 2020 fiscal year in Ukraine, it posted a turnover of UAH 2.319 billion (23.8% more), 13 new stores were opened. Thus, currently there are 67 stores and an online store in Ukraine. The staff is 637 people.
As reported, Jysk Ukraine LLC plans to open 12 new objects annually, and in four financial years to increase the network to 100 stores.
The Jysk network began to develop in Ukraine in 2004 according to the franchising model. In 2012, the parent company bought out all the franchise stores and started developing independently.

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AIRPORT FOR DRONES MAY BE BUILT IN KIEV

An airport for unmanned aerial vehicles (UAVs) may be built in Kyiv by 2025, said head of the All-Ukrainian Federation of UAV Owners, DJI distributor in Ukraine, Taras Troiak.
“We have a Quadroport project that we want to build in Kyiv. This will be the first drone airport where it will be possible to test any type of UAV (…) This is an ambitious project. We plan to build it by 2025. There is a small component there so far, but we look at development and realize that it is necessary,” he said during the Infrastructure Digital Day on Tuesday.
According to him, the UAV market in Ukraine will reach about UAH 500 million in 2020.
“This year it has grown 2.5 times compared to last. And next year we already hope that the market will be more than UAH 1 billion,” he said.

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