Business news from Ukraine


Average vacancy of shopping centers in Lviv by the middle of 2019 was 2.9%, and by late 2021 it is planned that total supply of retail space would expand by 34,600 square meters thanks to the launch of four new shopping centers, UTG consulting company (Kyiv) has reported. “As of the end of the first half of 2019, there is a shortage of commercial premises in the amount of about 24,700 square meters. In the case of the implementation and commissioning of the announced promising projects in the market, there may be a surplus that will inevitably entail overflow of tenants from obsolete facilities that are losing popularity, as well as will have an impact on the growth of vacancy and the correction of rental rates downwards,” UTG analyst Oksana Havrylevych told Interfax-Ukraine.
According to her, in 2019-2021, shopping centers with a total leasable area of 35,600 square meters are declared to open, in particular: on July 25, 2019, the opening of Vernissage shopping center (1, Shevska Street, GLA is 1,000 sq. m), the Arsen shopping and entertainment center (60, Chervonoi Kalyny Avenue, GLA is 24,800 sq. m.), the Kinescope shopping center (Heroyiv UPA Street, GLA is 8,600 sq. m.), as well as a shopping and office center 11, Hospitalna Street (GLA is 1,300 sq. m.).
According to UTG estimates, by the end of the first half of 2019, two regional, six district, 16 microdistrict, 11 specialized shopping centers and 11 detached supermarkets and hypermarkets were operating in Lviv.
According to the ICSC classification, the total area of the city’s retail facilities is 390,200 square meters., which corresponds to 528,400 square meters per 1,000 inhabitants or 2,200 0 square meters per square kilometer of the total area of the city (excluding small shops, street retail, city markets, detached super- and hypermarkets).



The executive committee of the Lviv City Council has approved the town-planning conditions and limits for designing an office and hotel center at 191b, Liubinska Street.
As reported on the website of the City Council, private enterprise Galmodern plans to build an office center with underground parking and a hotel and office center with underground parking on the site. The facilities will be located near the Lviv airport. reported with reference to Head of the department of architecture and urbanism of the Lviv City Council Yulian Chaplynsky that Galmodern is negotiating the opening of a hotel under the international brand of Hilton Hotels & Resorts.
“There are negotiations with the Hilton network. But for the time being they have only received town planning conditions for design. It is finally unknown if they submit this [the project] to Hilton or another network,” Chaplynsky said.
According to the unified public register, Natalia Onoshko (100%) is listed as the participant and ultimate beneficiary of Galmodern.
She also acts as a signatory to LLC Innovation Management Systems, registered in 3, Shukhevycha Street, in Lviv. At this address, the Ibis hotel operates (Ibis Styles Lviv Center opened at the end of 2015).

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Lviv IT Cluster, a community of the largest IT companies, will present the first regional investment fund Lviv Tech Angels in support of start-ups in Lviv on June 28.
The goal of the new investment project is to give an incentive for the development of IT business in Lviv and Ukraine, create favorable conditions for growth of companies, and build a strong start-up culture in Ukraine, Lviv IT Cluster said on its website.
“The club of investors will bring together top managers of Lviv IT companies who would select the best Ukrainian start-ups for investment, mentoring, and consulting. Intellias co-founder and СОО Mykhailo Puzrakov, Sigma Software co-founder Volodymyr Chyrva, and N-iX CEO Andriy Pavlov are the initiators of the projects,” reads the statement.
As reported, Canada’s Brookfield & Partners headed a consortium of investors who joined a project to build the first stage of Innovation District IT Park in Lviv with gross area of 10 ha. The cost of the project is $160 million.
The IT Park will occupy 10 hectares between Stryiska, Chmoly, Luhanska and Kozelnytska Streets in Lviv. The construction of the first stage of the IT Park will last about 2.5 years, which will cover about 90% of the entire project, and the first round of investment will reach $95 million. The second stage of the IT Park provides for the construction of business centers and will last about five or six years.
Six eight-storey Class A office buildings, three business centers, a hotel (5,700 square meters, 150-200 rooms), a kindergarten (2,000 square meters), a university (6,000 square meters), a health club, and a parking lot for 3,167 cars are to be built under the project.
Lviv IT Cluster plans to open modern IT labs there that will be available to IT students of all Lviv-based universities.
Lviv IT Cluster is a community of IT companies in Lviv.

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The Danylo Halytsky Lviv international airport from June 24, 2019 transferred the servicing of Kyiv (Zhuliany)-Lviv flights Nos. MSI263/MSI265 of Motor Sich airline to the old terminal, the airport has reported on its website. The entrance from the apron will be made through the doors adjacent to the VIP room in the left wing of the building. “We had long planned to use it [the old terminal] for its intended purpose. And now it is very useful for us to facilitate the work during peak periods, maintenance of charter (we will begin in two or three weeks) and special flights operated by small business aircraft,” Director General of the airport Tetiana Romanovska, who is quoted in the report, said.
She thanked the Motor Sich airline, which was the first to agree to service flights on arrival at the premises of the old terminal, which was empty for a long time.
Now the old airport terminal is used for special and VIP flights. At the same time, it will be re-equipped for work with domestic transportation. It will also be attracted to work with charter flights. It will begin in two or three weeks.
The decision to use the premises of the old terminal was made due to the overload of the arrival zone of the new terminal during the peak passenger traffic, which lasts almost every day from 11 am to 5 pm during the summer season.
“At the moment, new Terminal A has only two tapes for baggage claim: one for international and one for domestic flights. Thus, by moving part of the passenger traffic to the old terminal, both of them will be able to be used for servicing the international flights,” the airport said.
In addition, the Lviv airport began work on the launch of another baggage tape and an increase in the length of the two existing ones in the new terminal. Developments are at the design stage and the creation of technical tasks.

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Passenger traffic at Lviv International Airport amounted to 197,700 people in May 2019, which is 49.4% more than in the same period of 2018, the airport said on Facebook.
The number of serviced flights last month increased by 32.1%, to 1,739. Some 1,506 passengers were transported on international flights (up by 36.7%), while 233,000 people (a growth of 8.9%) on domestic flights.
In January-May 2019, some 722,300 passengers travelled through the airport, which is 51.2% more than in the same period of 2018.
The number of flights in January-May reached 6,820, which is 28.9% more than in January-May last year.
As reported, in 2018 the airport increased passenger traffic by 48% compared with 2017, to 1.598 million people.

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Ukrainian airline Jonika (Kyiv) from July 21, 2019 will start flying from Lviv (the Lviv international airport) to Athens (Greece, the Eleftherios Venizelos airport).
The press service of the Lviv airport said on its Facebook page that the flights will be performed on Sundays every week. The departure from Lviv is at 16:10, and arrival in Athens – at 19:00. The departure from Athens is at 13:00 and arrival in Lviv – at 15:30 (Kyiv time).
According to the booking system on the airline’s website, the cost of the one-way ticket starts from UAH 4,000. The flights will be serviced until September 15.
The company’s fleet consists of two Boeing 737 aircraft. The airline already operates regular flights from Kyiv (Zhuliany) airport to Greece and charter flights to Turkey, Montenegro, Albania and Bulgaria.
Jonika Airline was registered in 2016.

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