Ukraine: Auchan acquires Caravan supermarket chain

Auchan Retail Ukraine, which operates a chain of 11 hypermarkets in Kyiv, Lviv, Odessa, Zaporizhia, and Kryvy Rih, signed an agreement with the Ukrainian distributor Caravan on the acquisition of its assets, namely nine Ukrainian-based hypermarkets, which employ 3,300 people. “Auchan Retail Ukraine will strengthen its presence in Kyiv, and will also be present in…

Ukraine: trade turnover with Hungary up

Last year, the trade turnover between Ukraine and Hungary grew after the fall in 2015 and amounted to $3 billion, Hungarian Extraordinary and Plenipotentiary Ambassador to Ukraine Erno Keskeny said during a roundtable in Kyiv on the topic “The Hungarian factor in domestic policy of Ukraine”. “We have a high trade turnover. Of course, it…

Ukraine: AVK launches ground coffee line

AVK Confectionary LLC (Kyiv), a large confectionary producer in Ukraine, with the launch of the ground coffee line under the Baristi trademark seeks to reach 5% of the market segment by 2018. The company said in a press release that in May 2016 AVK started producing ground coffee under the Baristi trademark. In 12 month…

Ukraine: Kyivenergo asks NCER to compensate for UAH 26.4 million for stable power supply provision during Eurovision

The public joint-stock company Kyivenergo has asked the National Commission for Energy, Housing and Utilities Services Regulation (NCER) to review the investment program of the company for 2017 and add UAH 26.4 million (VAT included) spent on the provision of stable power supply to the Eurovision 2017 contest facilities. According to the company, all steps…

Ukraine: retirement age not to be raised

The reform proposed by the Cabinet does not provide for raising the retirement age, but it cancels the taxation of pensions, Prime Minister of Ukraine Volodymyr Groysman said, commenting on the decision of the National Council of Reforms to support the pension reform. “We had a thorough conversation, we received useful suggestions, and the National…

Ukraine and Kazakhstan to extend export-import cooperation

Within the framework of the Kazakh-Ukrainian Business Council, an agreement was reached between the two countries on export-import cooperation, Ukrainian Vice Prime Minister – Minister for Regional Development, Construction, Housing and Utilities stated at the 13th meeting of the joint interstate Ukrainian-Kazakh commission for economic cooperation. According to Zubko, the Development Bank of Kazakhstan is…

Ukraine: Trafigura receives license to supply gas

The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has decided to issue a license to supply natural gas to Trafigura Ukraine LLC, a Ukrainian subsidiary of Trafigura global commodity trader. “I propose to congratulate Trafigura Ukraine as one of the largest global energy commodity traders on receiving the license and getting the…

Ukraine exporting flour at a record pace

Ukraine exported 330 KMT of flour in the ten months of MY 2016-2017 (July 2016 – April 2017), up by 16% YoY. Traditionally, China remains the top importer of Ukrainian flour with an export share of 21%. Ukrainian exporters continue stepping up flour deliveries to Africa. In particular, more than 28 KMT of flour was…