Business news from Ukraine


Ukraine International Airlines (UIA, Kyiv) from June 15, 2019 will launch direct flights from Kyiv to Izmir (Turkey).
The press service of UIA reported that flights between Kyiv and Izmir will be operated daily by medium-haul Boeing 737-800 NG and Embraer aircraft. It will take 2 hours and 20 minutes to get to the destination.
One-way economy class ticket prices include all taxes and surcharges start from UAH 819 when booked in advance.
UIA has enhanced its fleet with second medium-haul Embraer-195. The plane received the registration number UR-EMF. The plane is scheduled to operate its first commercial flights from May 27.
Ukraine International Airlines was founded in 1992. The fleet consists of 42 airplanes of different modifications. One of the ultimate beneficiaries of the airline is businessman Ihor Kolomoisky.

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The area of Trukhaniv Island and Mizhmostny Island within the Kyiv city limits of 27.44 ha has been declared the Trukhaniv Island landscape preservation area of local importance, the press service of the Kyiv City Administration has reported.
The deputies of the Kyiv City Council voted in favor of the relevant decision at the meeting on Thursday, May 16, “in order to preserve valuable natural complexes.” “Granting the status of a natural reserve fund object will make it impossible to use these lands for building and land reclamation, help preserve valuable natural complexes and representatives of island flora and fauna, because now due to excessive anthropogenic pressure, there is a degradation of the natural ecosystems of the Dnipro islands within Kyiv city,” the press service said.
The Kyiv City Administration said that the landscape preservation area will be created without land acquisition from land users. The Department of Ecology and Natural Resources is charged with organizing the transfer of these territories to the protection of the municipal enterprise Darnytsky Forest Park and Kyiv’s Pleso municipal enterprise for the protection, maintenance and operation of land of the water fund.
“The territory included in the created landscape preservation area is represented by 14 lakes and deciduous forest, as well as a significant grouping of rare species that are listed in the Convention on the Conservation of European Wildlife and Natural Habitats in Europe dated September 19, 1979, European Red List, the Red Book of Ukraine and other legislative acts,” the administration said in the statement.

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The 8th International Conference UKRCEMFOR 2019. Cement industry. Best Practices. Prospects for Development with a focus on highlighting the important aspects of cement industry will take place on May 28-29, 2019 in the Champions Hall of the Olimpiyskiy NSC in Kyiv. Conference Organizer: UKRCEMENT Association of Cement Producers of Ukraine. Partners: Ivano-Frankivskcement, CRH, Dyckerhoff-Buzzi, Heidelberg, Eurocement, DALGAKIRAN COMPRESSOR UKRAINE, FLSmidth and industrial construction group KOVALSKA.
Conference is the largest cement industry event in Ukraine which biennially brings together about 300 high-ranking delegates of companies and organizations from more than 10 countries.
Сement industry remains a solid, stable and growing part of the national economy. Represented by 4 large international groups – CRH, Dyckerhoff-Buzzi, Heidelberg, Eurocement, and a strong Ukrainian company Ivano-Frankivskcement, the local cement industry is well balanced and grows sustainably for the third consecutive year.
UKRCEMFOR 2019 for the 8th time will become a unique communication platform with owners and managers of all cement companies of Ukraine, cement consumers, manufacturers of concrete and concrete mixtures, manufacturers of impurities in concrete, construction companies, trading companies, manufacturers of equipment for cement production, suppliers of services and materials, scientists, Ukrainian and international experts in the fields of economy, ecology, technology and quality, banks and funds investing in cement industry and construction, public sector.
Topics for discussion during the Conference:
– Current state and development trends of the cement industry: technology, equipment, and logistics
– Energy efficiency and ecology. Alternative fuels
– Cement-concrete technology and equipment in highways construction
– Standards and regulations in cement industry
– Quality and safety of construction materials
– Concrete, concrete products and equipment. City architecture and urban spaces
These and other topics to be discussed at the UKRCEMFOR 2019 between a solid body of delegates from within the industry, and panels of Ukrainian and international experts in economy, ecology, technologies and quality, as well as banking and finance.
Among the companies that have already confirmed their participation are: Thyssenkrupp Industrial Solutions AG, MC Bauchemie Ukraine, AUMUND Fördertechnik GmbH, GEOCON GmbH & Co. KG, Compressors International LLC, Schenck Process Ukraine, Schenck UK, Promtekhservis Ltd., Dalgakiran compressor Ukraine, Refratechnik Cement GmbH, IZOMAR-POLREF and others.
General Media Partners: TV Channel – PRYAMIY, Information Agency “Interfax Ukraine”, KORRESPONDENT magazine.
Media Partners: DENGI magazine, Prof Build, Cement International, Cement and its application magazine, ECOBUSINESS. Ecology of Enterprises, International Cement Review, Aspects of Construction, Commercial Property, Inventor and Rationalizer, Building Magazine, Concrete&Asphalt, Capital Construction, Construction Expert Newspaper, Build Portal, ProfiDOM, Industry in Focus, and Obozrevatel, Kiyv Post, National Industrial Portal.
Supported by: American Chamber of Commerce Ukraine, European Business Association, Ukraine International Chamber of Commerce, German-Ukrainian Chamber of Commerce and Industry, Confederation of builders of Ukraine, CEO URE CLUB, Taxpayers Association of Ukraine, The British Ukrainian Chamber of Commerce, Polish-Ukrainian Chamber of Commerce, Ukrainian Logistics Alliance.
Conference venue: the Champions Hall of the Olimpiyskiy NSC in Kyiv (Velyka Vasylkivska str. 55)
Participation is possible for TOP managers only. Registration is available till 12.00 PM May 26, 2019.
Online registration, agenda and other information are available at the Conference webpage:
For embassies and media – free of charge (after confirmation). Participation is available for C-suite level representatives only.
Media accreditation by tel +38 044 383-07-22, +38 067 930-06-69, (contact person: Mila Shykota)

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Adidas-Ukraine has rented 600 square meters of space for two stores in the River Mall shopping and entertainment center being under construction in Darnytsky district in Kyiv.
The press service of the River Mall trade and entertainment center told the Interfax-Ukraine news agency the Adidas shop will be almost 412 square meters, the Reebok store will occupy 186 square meters.
Both stores will open in new concepts for Ukraine: the design of the Adidas store will be in accordance with the concept of Stadium, and Reebok in the FitHib 2.0. concept that is new for Europe.
The facilities will be located on the second floor of the River Mall shopping center in the area of sporting goods and panoramic elevators.
“The range of goods in the stores will include modern sportswear for professional sports and outdoor activities, a total of more than 300 items,” the company said.
Adidas-Ukraine was founded in 1996. It is engaged in the sale of goods for sports.
The owner of the company is Adidas AG (Germany).
The opening of the River Mall trade enter is scheduled for May 2019. The anchor tenants will be Inditex Group stores, a Silpo supermarket chain, a Planeta Kino cinema with IMAX, and a Papashon entertainment center. The specifics of the project will be a food court and an event area with an open terrace and a view of the Dnipro River.

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The share of vacant space on the shopping centers market in Kyiv in January-March 2019 fell by 0.2 percentage points, to 2.8%, according to a study of CBRE Ukraine (Kyiv). “Despite the commissioning of new facilities, the average vacancy rate decreased by 0.2 percentage points from the beginning of the year and amounted to 2.8% of vacant premises,” the company said in the study.
According to the company, in January-March this year, rents for the best retail premises increased 7-16% and ranged from $80-110 per sq. m. a month. At the same time for other retail premises, the rates remained unchanged, at around $42-60 per sq. m. a month.
The volume of retail turnover in Kyiv in January-February 2019 (the latest available data) increased 6.9%, with a slowdown in consumer price index growth from 8.8% in February to 8.6% in March.
During this period new brands entered the retail real estate market, including Decathlon in Retail Park Petrivka, Claudie Pierlot and Weill in the shopping center Gulliver and Missha in the shopping center Lavina Mall. A new supply of shopping centers was presented by the Oasis shopping center and the Smart Plaza Obolon shopping center, which led to an increase in the total supply by 2.1%, to 1.13 million sq.m.

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Ukraine at the Ukraine Reform Conference in Canada (Toronto) in July 2019 plans to present a government investment project on construction of an ice arena in Kyiv for UAH 1.68 billion, the Ministry of Economic Development and Trade of Ukraine has reported. The proposal was announced by First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv at the meeting of the interdepartmental commission on the issues of the investment projects headed by him held at the end of April.
The commission supported his initiative to provide the first budget financing of the project now, rather than in July, as planned, in order to begin developing project documentation and have time to prepare a project presentation for the conference in Toronto.
According to the minutes of the meeting of the commission, the funding for this project from the national budget has not yet been provided.
The executor of the project is the state-owned enterprise central training sport base Ice Stadium. Its implementation is scheduled for 2019-2021, and in 2019, it is planned to allocate UAH 5 million.

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