Business news from Ukraine

Due to accident in Hungary, train Vienna – Kiev is delayed

Non-rail carriages Vienna – Kiev, which departed from Vienna (Austria) on May 7, are delayed in transit for 6 hours due to a transport accident on the Hungarian railroad, Ukrzaliznytsia (UZ) said on Facetbook on Monday.
As the company notes, after arriving at the Chop station, the cars will be included in the train number 82 Uzhgorod – Kiev and will arrive in the capital on May 9 (instead of May 8 at 19.30) as part of the train number 750.
“We draw the attention of Ukrainian passengers: the delay will also affect return trains to Vienna. Please take this into account when planning connections and departures from Budapest airport”, – pointed out in the UZ.
As reported, on Sunday morning, nine cars of the Hungarian 35-car freight train with iron ore derailed between stations Újfehértó and Hajdúhadház. Hungarian railroad workers had just begun to lift the wagons. Thus, the restoration of the railroad track and the contact network will last at least one day.
It is specified that train traffic between Hajdúhadház and Újfehértó is suspended. Hungarian Railways offers interchanges by substitute bus, and Hungarian and Austrian Intercity trains between Budapest and Zahony will run between Budapest and Nyiregyház via Miskolc with long travel times.

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Kiev “Premier Palace” by end of 2022 received net loss of 15.7 mln UAH

The Premier Palace Hotel (Kyiv) made a net loss of UAH 15.7 million in 2022, compared to net profit of UAH 66.4 million in the previous year.
According to the annual financial report in the information disclosure system of the National Commission on Securities and Stock Market, the net income of the hotel last year decreased by 42.1% – to 143.9 million UAH.
According to the company, last year the hotel’s operating profit decreased 13 times compared to 2021 and amounted to 6.7 million UAH. Its uncovered loss increased by 2% up to UAH 978.5 mln. Current liabilities decreased by 3.7% to UAH 378.2 mln, while there were no long-term liabilities at the end of the year.
In general, the value of assets of the company for the year decreased by 10.3% to 265.8 mln hryvnia.
As stated in the report, the main negative factor that affects the work of the hotel in 2022, was the military aggression of the Russian Federation. Besides it is stated the absence of state programs of hotel business support and imperfect system of tax legislation.
The hotel plans to increase guest satisfaction index from 92,5% to 95% in 2023 by implementing a renewed concept Ideal Meeting. Plans also include attracting/expanding new segments of embassies, international foundations and missions, which will be the main driver of demand until the end of hostilities in the country.
Premier Palace Hotel PJSC was registered in 2004. According to the National Commission on Securities and Stock Market, as of the fourth quarter of 2022, its shareholders are Pumori Enterprises Investments Ltd. (Cyprus, 62.2%) and Ukrainian LLC “East European Hotel Company” (24.1%), LLC “Hotel Complex Rus” (13.5%).
According to Opendatabot, the beneficiary is Natalia Selivanova.
Premier Palace Hotel Kyiv is owned by the Financiere group which also owns Premier Hotel Dnister (Lviv), Premier Hotel Lybid (Kiev) and Premier Hotel Odesa (Odessa). The group includes hotel holding Pumori Enterprises Investments LTD and East European Hotel Company LLC, which are shareholders of Ukrainian hotels.

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Flood level in Kiev stabilized

After two days of minor rises, the flood level in the Ukrainian capital has stabilized and remained at the same mark as the day before, the Telegram channel of the Kyiv City Military Administration (KCWA) said Monday morning.
“As of 9:00 on 01.05.2023, the water level in the Dnieper River in Kiev near the bridge “Metro” is 9,296 cm (according to the Baltic system of heights). Water temperature: 13°C … No emergency flooding has been recorded for the city of Kiev. The danger level of hydrological phenomena remains I (yellow),” noted the head of the State Hydrometeorological Administration Sergei Popko.
At the same time, he said, floodplain flooding with a layer of about 20-30 cm is retained. “Floodplain areas remain flooded – islands in the park “Muromets”, “Hydropark”, Trukhanov Island, Galernyi bay, Korchevatoe, private areas near Osokorki. Industrial objects and residential massive cities are out of danger of flooding”, – Popko added.

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Office real estate market in Kiev is recovering – experts

The office real estate market in Kiev is recovering, the number of requests and transactions from IT-companies, nonprofit and international organizations has increased, CEO of allbc Valentin Lenchenko told Interfax-Ukraine.
The expert reminded that for many business centers last year was a year of tenants’ retention on any terms.
“The main task at the beginning of the fall was to survive the winter with tenants. On any terms. The main thing is that they paid utilities and OREH (often not in full). But with the advent of the blackout migration began, people who used to work from home, moved to co-working spaces with diesel generators and Internet”, – said Lenchenko.
According to him, as a result, offices in the capital during the blackout were filled almost completely. A temporary rush was created, which led to the opening of new locations. However, by January, when things stabilized and many had resolved the issue of household power plants, the situation was back to previous levels.
“Newcomers continue to recruit residents, but demand has dropped significantly. Demand is still high for finished offices – with renovations, furniture, diesel generators and shelter,” the expert stressed.
He noted a positive systemic trend in recent months – the activation of tenants.
“Many IT companies that relocated to Western Ukraine, began to return home to Kiev. And they are not the only IT companies – there are a lot of requests and deals from non-profit and international organizations,” Lenchenko said.
He gave an example of recent transactions of allbc. An IT-company has asked to find a ready office for more than 200 employees; in the process of searching and negotiating the lease agreement, it turned out that a lot more employees want to come back to Kiev. As a result, this company has rented two offices with total area of about 4 ths sq.m. instead of the office with 2 ths sq.m. Another IT-company recently rented an 800 square meters office with furniture and repairs in Podol Business Center.
But in general, according to the expert, the main tenants and transactions request was observed on the format of about 200 square meters. “As a rule it is medium-sized business which adapts to the current conditions or optimizes the space”, – he says.
Another trend is that large tenants with large equipped offices on the right bank have started asking to rent offices/workspaces in co-working spaces on the left bank.
This provides comfortable spaces for employees who prefer to work closer to home for safety reasons. “The criteria are the same: with repairs, furniture, a diesel generator and shelter,” Lenchenko stressed.
He also singled out a separate category of potential tenants with whom, despite high vacancy rates, most landlords do not want to contact. “We’re talking about so-called “musicians,” call centers that play music loudly. Now they call themselves IT people, marketing people and even agrarians, but as a rule, they are scam artists. The average area rented by them is from 500 to 2,000 square meters, but given the trail they leave behind, they do not want to do business with them,” stressed Lenchenko.
The expert also noted that despite the war, there are also deals on the market for the purchase and sale of office space/buildings. “There are buyers in the market. They usually come with a discount of 30% to 50%. Foreign investors who believe in winning are already starting to look at buying, because they understand: now is the right time,” he says.
allbc.info is a service for renting or buying offices in business centers and free-standing buildings in Ukrainian cities (Kiev, Dnipropetrovsk, Kharkiv, Donetsk, Odessa, and Lviv).

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Presidents of Czech Republic and Slovakia come to Kiev

Czech President Petr Pavel together with Slovak President Zuzana Chaputova arrived in Ukraine on a visit.
“With Zuzana Chaputova, we both understand the value of freedom and justice. It is hard to see with our own eyes that Ukrainians are paying the highest price for it. With the blood and lives of its citizens. In fighting the aggressor, he defends what we have in common. That’s why we will support them,” Pavel wrote on Twitter, showing a picture with the president of Slovakia in front of the destroyed building.
For its part, the Czech media outlet Denikn reported that the Slovak president and her Czech counterpart Petr Pavel arrived in Kiev early this morning.
This is the first visit of the Czech head of state to Ukraine since 2013.
Pavel and Chaputova will meet with Ukrainian President Volodymyr Zelensky and Prime Minister Denys Shmygal, and will also visit cities liberated from Russian occupation near the capital.
A meeting with Crimean Tatar representatives Mustafa Dzhemiliev and Refat Chubarov is also scheduled.
Chaputova also later tweeted about the joint visit to Ukraine.
“Our first joint visit abroad with Peter Paul to Ukraine with a message of friendship, solidarity and support. Slovakia, the Czech Republic and Ukraine share parts of a common history – and we also share our common future,” she stressed.
The Czech TV channel ČT24 reported that the Czech and Slovak presidents visited Irpen, then went to Borodyanka. In addition, the Czech president then headed to Bucha.

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Storm warning was announced in Kiev from April 29 to May 2 due to frosts

A storm warning has been announced in Kiev and Kiev region in connection with night frosts expected from April 29 to May 2, Ukrhydrometecenter reports.
“At night on April 29-30 frosts in the air 0-5 ° (II level of danger, orange), on May 1-2 frosts on the soil surface 0-3 ° (I level of danger, yellow),” – said in the message.

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