Business news from Ukraine

AUCHAN UKRAINE EXPECTS TO RECLAIM OWNERSHIP OF LAND PLOT IN ODESA

Auchan Retail Ukraine expects to reclaim ownership of the land plot in Odesa, however, in the event of a negative result in the Ukrainian courts, the company will consider applying to international arbitration, since the price set by the Asset Recovery and Management Agency (ARMA) for this site is not fair and market-oriented, Head of Legal and Compliance of Auchan Retail Ukraine Ruslan Dubas told Interfax-Ukraine.

“On February 16, the first session of the Grand Chamber of the Supreme Court took place. We hope that the court will ultimately uphold the decision of the Pivnichny [Northern] Economic Court of Appeals and will defend property rights. Namely, it will confirm the invalidity of the results of electronic auctions, which alienated the land plot at a deliberately low price,” he said.

The companies Auchan Retail Ukraine and Ceetrus Ukraine, part of the Auchan holding, defend in the courts the rights to land plots in the village of Lymanka (formerly the village of Mizikevycha, Ovidiopolsky district, Odesa region) with a total area of about 27 hectares, previously seized as material evidence and sold at an auction at a reduced price.

“We cannot now assess the damage that the company experienced by the raiding. But the state of Ukraine has already suffered losses: at least UAH 1.6 million of court fees, which were collected by the executive service from ARMA, but in fact from the state budget,” Dubas said.

As reported, the Prymorsky District Court of Odesa in April 2019 seized land plots with a total area of about 27 hectares and transferred them to the management of ARMA. Subsequently, according to a court decision in the Unified State Register of Court Decisions, ARMA sold the plots transferred to its management at an auction at a reduced price for UAH 8.765 million.

Ceetrus Ukraine LLC (before June 2018 – Immoshan Ukraine) is an international developer of shopping centers and retail parks in the country.

Auchan Retail is an international retail company. Its first store was opened in France in 1961.

Auchan Retail Ukraine has been operating in Ukraine since 2008

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GERMAN RETAILER NEW YORKER TO OPEN STORE IN KHARKIV

The Retail & Development Advisor (RDA) consulting company acted as a broker when signing a lease agreement for the Nikolsky shopping and entertainment center in Kharkiv with the German brand of youth clothing New Yorker, RDA CEO Taisia Litovchenko has told Interfax-Ukraine. “We are glad that the pool of tenants in the Kharkiv-based Nikolsky shopping and entertainment center has been expanded by a well-known international retailer. We are sure that the New Yorker store will expand the range of goods in the shopping center and attract an additional flow of visitors,” Litovchenko said.

According to her, the total area of the store will be 1,549 square meters.

New Yorker is a German brand. Most of the assortment is reserved for youth sports and casual clothing, as well as underwear and accessories.

The New Yorker network has been developing in Ukraine since 2011.

According to the company’s website, as of January 11, 2021, the chain had 11 stores in Kyiv, Odesa, Lviv, Kharkiv, Kryvy Rih and Sumy. On the international market, New Yorker is represented by more than 1,100 stores in 46 countries.

The Nikolsky mall is scheduled to open in the spring of 2021. The developer of the project is Budhouse Group.

AVERAGE RETAIL PRICES OF PETROL IN UKRAINE CHANGE OVER WEEK – A-95

The average retail price of petrol, diesel fuel and LPG grew by 1.8-2.5% from October 26 to November 2, according to Kyiv-based A-95 Consulting Group.
The average retail price of A-92 petrol grew by 2.5%, to UAH 23.15 per liter, A-95 – by 2.3%, to UAH 24.21 per liter and A-95+ – by 1.8%, to UAH 25.67 per liter.
The retail price of diesel fuel rose by 2.8%, to UAH 23.53 per liter, and the price of LPG grew by 1.4%, to UAH 12.74 per liter.

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RETAIL TURNOVER IN UKRAINE INCREASES BY 11.6% IN SEPTEMBER

Retail turnover in Ukraine increased by 11.6% in September 2020 as compared to the same month in 2019 in comparable prices, while in the previous month it grew by 8.7%, the State Statistics Service said on Wednesday, October 21.
According to its data, retail turnover decreased by 0.7% in September as compared to August 2020.
Retail turnover increased by 6.7% in January-September 2020 compared to the same period last year.
The largest increase in retail turnover of enterprises (legal entities and individual entrepreneurs) in the nine months of 2020 compared to the same period in 2019 was registered in Kyiv (by 16.6%), Zaporizhia (by 14.1%), Chernihiv (by 12.4%), Volyn (by 12.3%), Kirovohrad (by 11.3%), Dnipropetrovsk (by 8.8%), Poltava (8.6%) and Khmelnytsky (8.4%) regions, as well as in Kyiv (7.7%).
The State Statistics Service reminds that the data is given without taking into account the temporarily occupied territory of the Autonomous Republic of Crimea, Sevastopol, and part of Donetsk and Luhansk regions.

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RETAIL TURNOVER IN UKRAINE BY REGIONS IN JAN-JULY 2020 (UAH MLN)

Retail turnover in Ukraine by regions in Jan-July 2020 (UAH MLN).

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RETAIL TURNOVER IN UKRAINE BY REGIONS IN JAN-JUNE 2020 (UAH MLN)

Retail turnover in Ukraine by regions in jan-June 2020 (UAH Mln)

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