Ukraine

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18:55 PM Sunday, July 22, 2018
UBJ.am
UBJ.am Wednesday, July 11
H&M opening in Kyiv; UIA up 12.9%; NBU Inflation outlook; Calls for reform of the Gaming laws; EUR 270 million investment in wind power; Elements of land reform adopted; Russian aggression costs €100 billion.
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

H&M opens first store on 18 August. One of the world’s largest retailers, Swedish H&M (Hennes & Mauritz) will shortly open a store in Ukraine in Kyiv in Lavina Mall. The store will occupy an area of 2,900 square metres and a full range of clothing and accessories, including the H&M x GP & J Baker collection. Later the brand will present global lines including the recently announced MOSCHINO H&M line, and the Holiday collection. The store will also offer interior design and decorations H&M Home, Ukrinform reports. H&M is a multinational clothing-retail company known for its clothing for men, women, teenagers and children.

UIA traffic up 12.9% Ukraine International Airlines have increased their y-o-y traffic by 12.9% in the first 6 months of the year. The airline carried 3.53 million passengers of which 52% were transit passengers,on 28,900 flights, a 9% increase y-o-y along with 6,570 tonnes of cargo and mail.In the same period the airline added 7 new international and domestic routes from various Ukrainian airports to Toronto, New Delhi, Cairo, Copenhagen, Bergamo, Barcelona and Vinnytsia.The company took delivery of three long haul Boeing 777-200ER airliners with another scheduled for delivery in the second half of the year and four Boeing 737-800 aircraft, 3 of which were brand new.As part of its ongoing 'Under the wing' CSR programme the airline carried 2,414 seriously ill children and injured military personnel, the company reported.

NBU official gives inflation outlook. There has been a significant slowdown in the inflation rate in the Q2-2018 and it is the result of the central bank's consistent and restrained monetary policy, Chairman of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn said. The dynamics of consumer prices in Ukraine in the first half of the year indicates an improvement, but given the possible seasonal acceleration of inflation in October-December, there is no certainty that this year it will go down to the NBU target of +/-6%.Danylyshyn noted a possible further increase in fuel costs against the backdrop of growing world oil prices, as well as higher prices for transportation services due to a rise in the cost of public transport, among key factors of non-monetary nature that could affect inflation in July. The NBU forecasts inflation as of the end of 2018 at 8.9%, which almost corresponds to the government's forecast set at 9%. Both the International Monetary Fund and the World Bank expect 10% inflation in Ukraine in 2018, UNIAN reports.

MSL calls for a streamlining of the gaming industry.State Lottery operator MSL has supported the Prime Minister’s call for a transparent and rigorously controlled lottery market.MSL President Georgiy Lozhenko has repeatedly called for the adoption of international standards customary in a civilized world including: a regulatory authorized by law, centralized control of the circulation of funds, minimum standards in line with European Lottery Association (ELA) "Responsible gaming" rules including a ban on gaming under the guise of lotteries, the cancellation of taxes on winnings under UAH 50,000 and proper licensing terms.Glyn Thomas, publisher of the international industry magazine 'Casino Life' magazine said "The Ukrainian Gaming industry could be earning millions of dollars a year for the State budget and social development whilst at present it is lining the pockets of a select few.There will be no serious investment in the gaming industry and the leisure industries that surround it until Ukraine has a proper legislative basis for serious gaming".

New pharma and life-science industry eLearning programme launched. Danish life sciences digital agency Anthill have teamed up with Actando’s PharmAcademy to create the Anthill Academy, a comprehensive, digital marketing, eLearning programme, specifically designed for the pharmaceutical and life-science industries in Ukraine.Anthill CEO Katrine Bach said “Pharma needs to accelerate its digital adoption.While we can learn a lot from outside the industry, pharma is unique. The academy begins with the fundamental principles of digital marketing and the key principles that drive its success. The advanced modules provide the tools and methodologies to deliver superior customer experiences and achieve digital excellence." Anthill works with more than 35 life science brands, providing digital strategy and innovative content, specialist digital tools and training programmes that enable companies to realize the full benefits of digital technology.

Wind power plants coming to Odesa region. Ukraine Power Resources and Yuzhne Energy is to invest EUR 270 million in the building of two wind power plants with a capacity of 72 and 120 megawatts in the Lymansky district of Odesa region. Interfax-Ukraine reports.

Pork imports rise.In the first six months of 2018 Ukraine has imported 8,400 tonnes of fresh, chilled and frozen pork which was 8 times up y-o-y at an aggregate value of $15.4 million. The major suppliers are Germany, the Netherlands, Denmark and Canada. According to experts the price of pork may rise by 10% before the end the year. UNIAN reports.

Oil and gas deposits in Chernihiv region to be developed. Ukrgazvydobuvannia has signed a trilateral agreement with Chernihiv Regional State Administration and Nadra Chernihivshchyny, a municipal enterprise of Chernihiv Regional Council, on cooperation in the development of oil and gas industry. There are believed to be significant oil and gas deposits in the area, estimated at 216 million tonnes of equivalent fuel. The agreement also covers cooperation in financing projects for the construction, reconstruction, repair of social, road and other infrastructure of populated areas of the region, Ukrinform reports.

Surge in energy efficiency measures. In June 2018, over 300 associations of co-owners of multi-apartment residential buildings took advantage of the program on raising the energy efficiency of buildings (known as "warm loans"), amounting to UAH 90 million, which is three times more than in the same period last year, Ukrinform reports.

Parliament passes bill on use of large tracts of farmland. The Verkhovna Rada has adopted draft law No. 6049-d in the second reading to resolve the issue of collective ownership of land, improving land use rules and stimulating irrigation. According to Interfax-Ukraine, the bill introduces the concept of tracts of agricultural land. Within such tracts agrarians will have the opportunity to exchange plots, conclude sublease agreements without the consent of landlords, rent field roads and optimize areas for cultivation. Agrarians who own/use more than 75% of the tract will have priority rights over other users of the tract. The bill also defines the order of inventory of land plots, which is to take place prior to the creation of arrays, and provides for the protection of the rights of farmers who improve and restore irrigation systems.

Ukraine, Russia and the EU to hold trilateral gas talks in Berlin on 17 July. According to a statement from the Russian Energy Ministry: "The key agenda of the talks will be discussion of the terms of transit via Ukrainian territory to European consumers including the duration of transit agreements between Gazprom and Naftogaz of Ukraine," Interfax-Ukraine reports.

Russian aggression has taken 10,000 lives and cost EUR 100 billion.For four years of Russian aggression in Ukraine has claimed over 10,000 lives and caused economic damage of EUR 100 billion. President Petro Poroshenko wrote this on Twitter on the occasion of the EU-Ukraine summit on 9 July. He also noted the importance of closing the uncontrolled part of the Ukrainian border with the aggressor state and ensuring the implementation of the Minsk agreements.
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