Business news from Ukraine

“THE WORLD OF HORSES” NEAR KYIV

On January, 26 and 27 a show-program “The world of Horses” will take place in the «Kyivan Rus Park».
An interesting and cognitive program with horse performances, live vocal, theatrical performances on historic theme, ancient Slavic amusements will be waiting for the guests. Also the guests will be presented a historical horse breeds collection from all over the world in the Princely stable.
Ancient Kyiv opens at 10:00. The program starts at 13:00.
The ticket price: a full price for adult – 150 UAH, for pensioners and students – 100 UAH, for schoolchildren – 50 UAH, preschool children – for free.
Ancient Kyiv in the Principality of Kyivan Rus is not far from modern Kyiv – only in a 45-minutes’ drive – in the Kyiv region, Obukhiv district, vill. Kopachiv. Route taxis leave from Kyiv from the «Vydybitchi» metro station, according to the schedule on the website.
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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PODILSKO-VOSKRESENSKY BRIDGE IN KYIV WILL OPEN IN A YEAR OR TWO

It is planned to launch automobile traffic through the Podilsko-Voskresensky bridge in Kyiv in a year or two, Kyiv Mayor Vitali Klitschko has reported.
“Now you can see the rusty constructions – these are pylons. In summer we will remove them and you’ll see what a beautiful bridge is that,” the mayor said.
He noted that the bridge will be two-level. The upper level is for motor vehicles, while the metro line will be below.
According to Klitschko, for all the years about UAH 5 million of budget funds were spent on the bridge construction. Another UAH 7 million is needed to complete it.

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SUPERMARKET NOVUS OPENS 7,000 SQ M WAREHOUSE NEAR KYIV

Novus Ukraine LLC (Kyiv), the managing company of the network of Novus hyper- and supermarkets and Novus Express convenience stores in Ukraine, at the end of 2018 opened an A class logistics center of 7,000 square meters in the village of Sofiyevska Borschahivka near Kyiv. According to the press service of the retailer, the new warehouse will allow increasing centralization of supplies to the stores of the network, as well as freight turnover of its own logistics by 30%. The facility will serve Novus stores in Kyiv region, as well as wholesale buyers. The delivery of goods from the warehouse to the network stores will be carried out by the contractor.
According to the Novus website, as of January 14, 2018 the network in Ukraine included 43 stores. The overwhelming majority of objects operates in Kyiv and Kyiv region – 34 outlets. In 2018, the retailer opened five new stores: four in Kyiv, and one in Irpin.
As reported, at the end of 2017, the EBRD opened a credit line of up to $25 million to Novus Ukraine for a period of seven years to support the expansion of the supermarket chain and the construction of a logistics center in Kyiv region.
Novus Ukraine LLC was established in 2008. The same year the first Novus supermarket was opened in the country.

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BUSINESS CENTER IN KYIV IS SEIZED BY RAIDERS – LAWYERS

The key reasons of hostile takeover of businesses in Ukraine are corruption and problems with the system of public registration of property, Anticorruption Entrepreneurial Front President Igor Egorov has said.
“The existence of hostile takeovers comes from a corrupt government, complete impunity for committing crimes of this kind and low-skilled law enforcement officers. According to official data of the Prosecutor General’s Office for 2017, 315 criminal proceedings were registered under the article on obstruction of lawful economic activity, 99 crimes under the article on unlawful seizure of property, of which two and four, respectively, reached the court,” he said at a press conference at Interfax-Ukraine on Wednesday.
He also said that foreign companies for these reasons do not want to invest in a business in Ukraine, and each case of hostile takeover is a blow to the country.
An example of this problem was the hostile takeover of a business center located at 21G, Dehtiarivska Street in Kyiv on December 11, among whose tenants are foreign companies and the 112 Ukraine TV channel.
Representatives of the co-owners of the business center, Office Line and Patron Invest, said that the police could not take control of the situation, since the persons who had seized the building announced that the Avangard Invest LLC had acquired ownership rights to the business center. At the same time, the owners claim that the building was re-registered using illegal schemes and forged documents.
According to lawyer of Patron Invest Iryna Belytska, one of the reasons that made this new registration possible is the weakness of the public registration system and a fairly wide access to public registers.
“10 years ago it was impossible to accomplish this. Now it can be done in three days, having access to the register. Unfortunately, over the years of the register’s existence, the pain points have not been eliminated,” she said.
Belytska said that Office Line and Patron Invest will defend their rights in courts, as well as initiate investigations by law enforcement agencies. However, the negative consequences of the incident cannot be avoided.
“We have applied to law enforcement agencies, human rights organizations and we will use all available mechanisms,” she said.
According to the lawyer, the investment value of the office building is $10.5 million.

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AGRICULTURAL HOLDING MRIYA CLOSES OFFICE IN KYIV

Mriya agricultural holding is closing its office in Kyiv, employees are being transferred to offices in Ternopil and Lviv for boosting production effectiveness, the company’s press service has reported. “In connection with the successful completion of the debt restructuring process, Mriya no longer needs a representative office in Kyiv. Now the company is negotiating with employees about the possibility of moving them to a permanent place of employment in the offices in Ternopil and Lviv,” the agricultural holding said .
The company said that the main task for next year is to increase production efficiency and work directly at the location of assets, which will allow employees to respond quickly to challenges and get involved as much as possible in the production process.
Mriya is a vertically integrated agribusiness holding, founded by Ivan Huta in 1992. Today, its land bank is 165,000 ha. The capacities of the holding’s grain storage facilities are estimated at 380,000 tonnes.

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EXPRESS TRAIN FROM KYIV TO BORYSPIL AIRPORT IS LAUNCHED

JSC Ukrzaliznytsia will send the round-the-clock express train on the Kyiv-Passazhyrsky-Darnytsia-Boryspil-Airport route to make its first trip. “The regular train trips are to start at 13:00,” the company’s press service reported. Four rail buses produced by Polish Pesa Bydgoszcz SA with a capacity of up to 120 passengers and with a baggage zone, upgraded by Ukrzaliznytsia, will run on the route. Tickets costing UAH 80 can be purchased by cash at two cash desks at the Central and South Railway Stations, by noncash at four self-service terminals installed in the concourse over the fourteenth track. Also, passengers can pay for travel directly in the trains using a technology similar to the Kyiv subway.
The cost of the project, according to the press service, amounted to UAH 480 million.
“In the course of the implementation of the project, about 4 km of track was added to the existing railway infrastructure, a 272 meter long overpass was built over the M03 Kyiv-Kharkiv highway. Two passenger platforms with pavilions near the airport and an indoor pedestrian crossing from the platforms to Terminal D of the Boryspil airport were built, Ukrzaliznytsia said on its website.
Under the project two waiting rooms with air conditioning, TV, sockets, Wi-Fi and a children’s area were also built. Passengers can enter the indicated zones is open if they have a ticket for the express train. As reported, on November 29, Ukrzaliznytsia announced the timetable of the express train to the Boryspil International Airport with 30 trips in each direction.
Ukrzaliznytsia plans to transport about 3.8 million passengers along the route Kyiv-Boryspil International Airport in 2019 and is negotiating the electrification of the section of the route from Kyiv to the Boryspil International Airport.

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