Business news from Ukraine

UKRAINIAN MONOBANK PLANS TO BRING RETAIL MOBILE BANK TO BRITISH MARKET

The co-founders of retail mobile bank Monobank Dmytro Dubilet, Oleg Gorohovsky and Mykhailo Rogalskiy plans to bring a bank, similar to Monobank, to the U.K. market by the end of the summer of 2019, Dubilet has said in an interview with the Novoye Vremia.Business ezine.
“We are trying to launch a project in England now. It can be called to some extent an analog of Monobank, but there we do it ourselves, without a partner bank. It will be named Koto. Now the key stage of launching a project is obtaining a financial license to be able to run this business independently,” Dubilet said.
According to him, about $1 million has already been spent on the implementation of this project, the project founders plan to invest approximately the same amount additionally.
Dubilet also said that the project is currently at the testing stage. “Now the alpha version is ready, we are engaged in internal testing. I, for example, am already paying for purchases with a Koto card,” he said.
Former top managers of PrivatBank, Gorohovsky, Dmytro Dubilet and Mykhailo Rogalskiy in January 2017 announced their plans to create an IT company, Fintech Band, for the Monobank project. By October 2017, Monobank issued the first thousand credit cards, it began raising deposits in hryvnias in February 2018.
Currently, the Monobank app has two partner banks: Universal Bank (included in the TAS group) and iBox (both are located in Kyiv). The total number of Monobank’s customers is 826,000.

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RETAIL TRADE TURNOVER IN UKRAINE INCREASES IN JAN-FEB

Retail trade turnover in Ukraine in comparable prices in January and February 2019 increased by 6.8% compared to January and February 2018, to UAH 150.913 billion, the State Statistics Service has reported.
According to its data, in February 2019 retail trade turnover compared with January 2019 decreased by 4.4%, and compared with February 2018 it grew by 7.2%.
The largest increase in the retail trade turnover of enterprises (legal entities and individual entrepreneurs) in January and February 2019 compared with January and February 2018 was recorded in Zakarpattia (by 14.6%), Kyiv (by 11.1%), Vinnytsia (by 10.1%), Lviv (by 9.5%), Ivano-Frankivsk (by 8.9%), Dnipropetrovsk (by 7.9%), Odesa (by 7.8%), Ternopil (by 7.7%) and Rivne (by 7.5%) regions.
The leaders in absolute terms of the volume of retail turnover for the specified period are: Kyiv city (UAH 28.781 billion), Dnipropetrovsk (UAH 14.208 billion), Kharkiv (UAH 12.243 billion), Odesa (UAH 10.685 billion), Kyiv (UAH 10.627 billion) and Lviv (UAH 9.455 billion) regions.
According to statistics, in January and February 2019 compared to 2018, retail trade turnover in Donetsk region increased by 7.2%, to UAH 4.754 billion, and Luhansk region – by 3.4%, to UAH 1.395 billion.
The State Statistics Service said that the turnover of retail enterprises (legal entities) February 2019 compared with February 2018 increased by 7.9%, and compared to January 2019 decreased by 4.3%, to UAH 53.505 billion. In January-February 2019 the turnover of retail enterprises rose by 7.4%, to UAH 109.203 billion.
The wholesale turnover of enterprises in January and February 2019 compared with January and February 2018 decreased by 5.7% and amounted to UAH 301.309 billion.
As reported, the retail trade turnover of Ukraine in 2018 increased by 6.1%.
The State Statistics Service noted that the data are given excluding the temporarily occupied territory of the Autonomous Republic of Crimea, the city of Sevastopol and the area of the joint forces operation.

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ATB TO ACQUIRE RETAIL AND OFFICE CENTER IN RIVNE

LLC ATB-Invest (Dnipro), part of the ATB group of companies, plans to acquire a retail and office center in Rivne, owned by the Novus retailer, which is part of the Lithuanian group BT Invest. As the Antimonopoly Committee of Ukraine (AMCU) said it plans on February 7 to consider the case of granting permission to ATB-Invest LLC to acquire assets, namely a Rivne-based retail and office center, owned by Novus-Ukraine LLC (Kyiv).
According to the Novus website, its chain as of February 7, 2019, includes two stores in Rivne: at 26 Gagarin Street and at 24 Bohoyavlenska Street.
Novus Ukraine LLC was established in 2008, the same year the first Novus supermarket was opened in the country.
According to the State Register of Legal Entities and Individual Entrepreneurs as of February 7, 2019, Novus Ukraine LLC is wholly owned by CJSC Consul Trade House (Vilnius, Lithuania). The final beneficiaries are Marina Pozniakova, Agnė Ruzgienė, Raimondas Tumėnas.
The charter capital of Novus Ukraine LLC is UAH 634.7 million.
The Novus supermarket chain is developed by BT Invest (Lithuania), which was established in 2008 by former shareholders of Sandora Raimondas Tumėnas and the late Ihor Bezzub.
The ATB chain in 2018 expanded by 80 new and 41 renovated retail outlets, numbering 990 stores in 22 Ukrainian regions.
It posted record high sales in its 25-year history, which amounted to UAH 103.6 billion, including VAT.

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WEEKLY CHANGES IN RETAIL FUEL PRICES IN UKRAINE

Average retail prices for petrol and diesel fuel in Ukraine in the period from January 18 through January 25, 2019 fell by 0.03-0.14%, while prices of LPG by 4.48%, according to data from the A-95 Consulting Group (Kyiv).
Changes in average retail fuel prices UAH per liter in Ukraine:

©Source: A-95 Consulting Company

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CHANGES IN RETAIL FUEL PRICES IN UKRAINE

Average retail prices for petrol and diesel fuel in Ukraine in the period from January 11 through January 18, 2019 fell by 0.17-0.1%, while prices of LPG by 4.51%, according to data from the A-95 Consulting Group (Kyiv).
Changes in average retail fuel prices UAH per liter in Ukraine:

©Source: A-95 Consulting Company

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