Business news from Ukraine

PIVDENNY SEAPORT INTRODUCES 30% DISCOUNT ON PORT DUES FOR SHIPS WITH GRAIN

The administration of Pivdenny seaport (Odesa region) has revised the discount applied to port dues for ships that enter the port to carry out cargo operations with grain cargo.
According to the website of the Ukrainian Sea Ports Authority (USPA), from January 1, 2022, for ships that call at the seaport to carry out operations for loading or unloading general and bulk grain cargo, a 30% discount will be applied to the rates of all types of port dues that are levied in favor of the USPA.
This decision was made in accordance with the order of the port administration under No. 195/27 dated October 13, 2021.
“Grain cargo refers to cereals, legumes, oilseeds used for food, seed, fodder and technical purposes, as well as products of their processing,” the report says.
A 30% discount will be applied if the following criteria are met: loading and unloading grain cargo; bulk and general (bags and big bags) grain cargo; carrying out cargo operations at the berths located in the seaport.
The USPA emphasizes that the discounts established for the rates of port dues do not apply to the administration fee.

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DYNAMICS OF CHANGES IN DISCOUNT RATE OF NBU

Dynamics of changes in discount rate of NBU.

NBU

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DYNAMICS OF CHANGES IN DISCOUNT RATE OF NBU

Dynamics of changes in discount rate of NBU.

NBU

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DISCOUNT SHOP CHAIN ATB PLANS TO OPEN 100 STORES IN 2020

TB-Market LLC (Dnipro), owning the discount shop chain in Ukraine and part of the ATB Corporation, is not intending to adjust its plan to open new stores for 2020, Director General of ATB Corporation Borys Markov has said in a statement. “We do not change the plans for the opening of stores in 2020 we are working according to plan. However, everything will depend on the depth of the economic crisis and the quarantine period. Our plan is to open 100 stores. We have a different cycle [than other retailers], 90% of the stores that we planned to open this year were purchased in 2019 and are in different state of preparation of documents, repair, or construction,” he said during the retail company anti-crisis management online webinar broadcasted on Tuesday, April 14.
According to Markov, 90% of ATB’s retail space is owned by the company, part of the vacant space is rented by the retailer, thus, when quarantine was introduced, the company negotiated with the landlords and its tenants about the rental benefits.
“We have 10% of the stores for rent and almost 100,000 square meters of vacant space that we lease. Thus, we operate responding to the current situation, without waiting for any decisions from Ukrainian Chamber of Commerce and Industry or laws, we negotiated with everyone and tried to make compromises,” he said.
Markov also said that one of the main challenges when quarantine was introduced was to cope with large fluctuations and falling in demand of buyers.
“We have seen catastrophic amplitude of demand and supply day by day, from 50% rise to 20% decline during the last week of March. Therefore, we mainly focused on maintaining the supply chain, stable uninterrupted work of almost 10,000 staff, which provides for the movement of trade, the availability of goods and imports,” the CEO of ATB Corporation said.
ATB Corporation is a group of companies involved in retail trade, production and sale of food.

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KYIV INTRODUCES 50% DISCOUNT ON MUNICIPAL PROPERTY LEASE FOR SMES

Kyiv City Council at an extraordinary meeting on Thursday, March 26, established a 50% discount for small and medium-sized enterprises (SME) to pay lease of municipal property due to quarantine measures.
“We promised and found a mechanism to reduce financial burden on small and medium-sized businesses operating in the capital, and which is most vulnerable in this difficult time for the city and the country. Small and medium-sized businesses will get the right to these benefits starting March 11,” the press service of Kyiv City State Administration said, citing Kyiv Mayor Vitali Klitschko.
According to the statement, by the end of July 2020, entrepreneurs are provided with a 50% discount on the payment of communal property leases, and if the property cannot be used, tenants are also exempted from the lease payment until July 31.
According to Kyiv City State Administration, about 900,000 square meters of non-residential communal property are leased in the capital, most of which are rented by about 6,000 small and medium-sized entrepreneurs.

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