Business news from Ukraine

CHANGES IN RETAIL FUEL PRICES IN UKRAINE

Average retail prices for petrol and diesel fuel in Ukraine in the period from September 24 to October 2, 2018 grew by 2.3-3%, while prices of LPG climbed by 1.1%, according to data from the A-95 Consulting Group (Kyiv). As reported, average retail prices for petrol in Ukraine for 2017 increased by 19.2-20.1% (by UAH 4.61-4.76 per liter), for diesel fuel by 22.6% (by UAH 4.84 per liter). At the same time, average prices for liquefied petroleum gas (LPG), despite a sharp increase in August due to deficit, showed an increase of only 2.9% for the year (by UAH 0.36 per liter).
Changes in average retail fuel prices UAH per liter in Ukraine:

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RETAIL TRADE TURNOVER IN UKRAINE 5.4% UP, LARGEST INCREASE IN LUHANSK, DONETSK, POLTAVA, ZAKARPATTIA, KYIV REGIONS

Retail trade turnover in Ukraine in January-August 2018 increased by 5.4% in comparable prices in comparison with January-August 2017, the State Statistics Service has said. According to its data, in August 2018 in comparison with July 2018 retail trade turnover rose by 5.7%, compared with August 2017 by 7.5%.
The largest increase in retail trade turnover for the eight months of 2018 compared to the same period in 2017 was observed in Luhansk (27.9%), Donetsk (13.3%), Poltava (10.8%), Zakarpattia (10.2%), and Kyiv regions (10%). As reported, retail trade turnover in Ukraine in 2017 increased by 8.8%, amounting to UAH 816.554 billion.

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CBRE: AVERAGE VACANCY RATE OF RETAIL SPACE IN KYIV DOWN TO 5% IN 2017

The average vacancy rate of retail space in Kyiv by the end of 2017 decreased by 6 percentage points, to 5% from 11%, in the best shopping centers remained in the range of 0-2%, according to a study by CBRE Ukraine international consulting company (Kyiv).
According to its data, it’s worth expecting an increase in the vacancy of retail space in 2018.
“The general trend towards a reduction in vacancy is largely dependent on the timely completion of the announced projects, including the two large shopping centers River Mall (58,700 sq m of gross leased area) and Retroville (80,700 sq m). Despite the likelihood of delays in commissioning, the average vacancy in the market will increase if all of the announced volume is put in operation on time,” CBRE Ukraine Managing Partner Radomyr Tsurkan said.
At the same time, according to the company, rent rates in 2017 rose by 10-25%.
“Rent rates in the best trade centers remained relatively stable in the range of $60-86 per sq m a month, in other shopping centers fluctuated within $32-45 per sq m a month by the end of 2017,” the study says.
According to the company’s forecasts, rent rates for premises in the most popular shopping centers of the capital in 2018 will continue to grow, while in others it will not change significantly.

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