Money Buzz! Europa

Tag: kiev

  • Ukraine will cut import taxes for „Made in EU” wines

    Ukraine will cut import taxes for „Made in EU” wines

    Ukraine will cut import taxes for wines produced in the European Union next year, as part of its obligations under the agreement with the EU, Reuters reports.

    Now, import taxes for wines produced in the European Union range from 0.3 to 0.4 euros per liter.

    Last year, Ukraine imported $ 146.7 million worth of EU wines, while in the first half of this year, imports amounted to $ 67.9 million.

    In 2014, Ukraine signed a comprehensive political and trade agreement with the EU.

    The agreement with the EU is allowing Ukraine free access to the 500 million consumers in the EU, the world’s largest and richest single market.

  • Ukraine to modernise and digitalise the Ukrposhta postal service

    Ukraine to modernise and digitalise the Ukrposhta postal service

    The European Investment Bank (EIB) and JSC Ukrposhta, Ukraine’s national postal service provider, have signed a €30 million loan to continue the modernisation and digitalisation of the country’s postal services.

    The loan will allow Ukrposhta to start modernising its logistics network with three new sorting hubs, 20 postal depots and IT infrastructure.

    With the loan from the EU bank, Ukrposhta will design and roll out a new, state-of-the-art parcel logistics network, reduce delivery times and improve the overall quality of the postal service for millions of Ukrainians.

    An improved and affordable postal service with reduced delivery times will also improve conditions for doing business in the country (especially for small and medium enterprises).

    The EIB has also provided a technical assistance package to Ukrposhta and assisted in the development of its investment programme.

  • SPAR Ukraine has opened three new SPAR Express stores

    SPAR Ukraine has opened three new SPAR Express stores

    SPAR Ukraine has opened three new SPAR Express stores aimed at meeting the daily shopping needs of customers in the Lviv and Volvn regions.

    The delicatessen counters in the stores offer a range of cheese and meat products, complementing the food-to-go offer.

    The fresh food selection includes a bakery offering, fresh fruit and vegetables and, in the Zaliznychna Street store, a range of pastries.

    As part of their modernisation of the retail offer throughout their stores, SPAR Ukraine is investing in a growing food-to-go selection which is gaining in popularity with customers.

    SPAR was launched in Ukraine in 2001 with the opening of the first SPAR Supermarket. Since then, independent retailers have continued to bring the brand to local consumers in a number of cities.

    On 1 December 2016, a new licence was granted to Volwest LLC, a prominent retailer with over 200 supermarkets across the country and a strong track record of partnering with independent retailers. 

  • Chornomorets Stadium in Odessa, bought by Allrise Capital

    Chornomorets Stadium in Odessa, bought by Allrise Capital

    First Financial Network has completed the successful sale of the Chornomorets Stadium in Odessa, Ukraine, on behalf of the Deposit Guarantee Fund (DGF) and the intervened ImexBank, to Allrise Capital of Irvine, California.

    The $7.29 Million transaction was completed and closed on July 16.

    Buyer Allrise Capital plans to field a world-class soccer team at Chornomorets Stadium, make improvements to the stadium facilities to enhance the fan experience, and program events to activate the complex year-round.

    The stadium complex is a marquis real estate asset which includes a 35.000-seat modern sports and events stadium, plus 850.000-square feet in commercial real estate, including a 150-room four-star hotel, an office/business complex, retail, spa, cultural offerings, and a large underground parking facility, all located in the heart of Odessa’s central park near the seaports.  

    Odessa, Ukraine’s third largest city, is situated on the Black Sea coast and is the primary in-country vacation site, known for its temperate climate, beaches and resort setting.

  • Spotify launches in Russia and 12 additional European Markets

    Spotify launches in Russia and 12 additional European Markets

    Spotify launched its service in 13 new markets across Europe including Russia, one of the world’s top 20 largest streaming markets. Spotify now reaches a current total of 92 markets worldwide.

    This 13 new markets include: Albania, Belarus, Bosnia & Herzegovina, Croatia, Kazakhstan, Kosovo, Moldova, Montenegro, North Macedonia, Russia, Serbia, Slovenia, Ukraine.

    According to the International Federation of the Phonographic Industry (IFPI), Russia is the 17th-biggest streaming market in the world and on pace to be the 10th-biggest streaming market by 2030.

    More than 87 percent of fans in Russia now access music through streaming, compared to 61 percent adoption globally, and 68 percent adoption in the U.S., according to IFPI.

    Spotify is offering both its Free and Premium services in each of its 13 new markets.

  • Wizz Air announces 14 new routes to / from Ukraine

    Wizz Air announces 14 new routes to / from Ukraine

    With the new services, Wizz Air is bringing back Italian routes to its Ukrainian network and offering passengers travel opportunities to Rome, Milan, Venice, Naples, Verona, Catania and Bologna (Italy) from Kyiv, Lviv, Kharkiv, Odesa and Zaporizhzhia. 

    All travellers can already book tickets to these destinations at fares from as low as UAH 579 / EUR 19.99.

    Wizz Air started flying to Ukraine in 2008, and since then the airline has carried over 11 million passengers to and from Ukraine.

    Today’s announcement brings Italian destinations closer to Ukrainian passengers, offering in total 77 routes to 15 countries from five Ukrainian airports.

  • New freight train route links Yantai, China and Kiev

    New freight train route links Yantai, China and Kiev

    Xinhua shows that a new freight train left Yantai, a transport hub in eastern China’s Shandong Province, heading for Kiev, capital of Ukraine on Sunday.

    The train, loaded with 41 containers of mechanical equipment, home appliances, and other goods, will reach Kiev within 18 days.

    The opening of this line has shortened the transportation time of the goods produced by Shandong enterprise to Ukraine from 45 days by sea to about 20 days by rail.

    “Qilu” Europe-Asia freight trains have made 562 trips

    The Europe-Asia freight trains departing from Shandong are operated under the name of “Qilu”, another name of the province.

    Since the beginning of this year, the “Qilu” Europe-Asia freight trains have made 562 trips, a year-on-year increase of 41.2 percent. At present, the number of “Qilu” freight train lines has increased to 34, which can directly reach 42 cities in 14 countries along the Belt and Road routes.

  • Andersen Global debuts in Ukraine market

    Andersen Global debuts in Ukraine market

    Andersen Global announces its entry into Ukraine via a collaboration agreement with a leading local firm Sayenko Kharenko, further expanding its global platform in Eastern Europe.

    Founded in 2004, Sayenko Kharenko is one of the largest law firms in Ukraine with 17 partners and more than 120 total professionals.

    The firm specializes in complex cross-border and local matters and provides services for a variety of industries including healthcare, pharmaceutical, agriculture, energy, retail and natural resources.

    Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world.

    Established in 2013 by U.S. member firm Andersen Tax LLC, the firm now has more than 5,000 professionals worldwide and a presence in over 168 locations through its member firms and collaborating firms.

  • Sotheby’s International Realty opens first office in Ukraine

    Sotheby’s International Realty opens first office in Ukraine

    • Sotheby’s International Realty Affiliates LLC announced that InRealtyOU is the newest member of its global network and will now operate as Ukraine Sotheby’s International Realty.
    • The addition marks the brand’s first affiliated office in the country of Ukraine.

    Ukraine Sotheby’s International Realty is owned and operated by Zans Launags and will serve the luxury residential real estate market in Kyiv, Odessa and Lviv. The company’s office will be headquartered in Kyiv.

    “Ukraine offers diverse cultural influences, popular summer destinations and a rich heritage,” said Philip White, president and chief executive officer of Sotheby’s. “The luxury market in the Ukraine is experiencing gradual growth and retains its share of high-net-worth individuals. Zans and his team have more than a decade of real estate experience and we are pleased to welcome Ukraine Sotheby’s to the network.”

    Sotheby’s International Realty network has 1.000 offices worldwide

    The Sotheby’s International network currently has more than 23,000 affiliated independent sales associates located in 1,000 offices in 70 countries and territories worldwide.

    In 2019, the brand achieved a record global sales volume of $114 billion USD.

    Ukraine Sotheby’s International listings are marketed on the sothebysrealty.com global website.

  • MoneyGram expands account deposit services with launch in Ukraine

    MoneyGram expands account deposit services with launch in Ukraine

    • MoneyGram is partnering with Industrialbank to create a new bank deposit service in Ukraine;
    • MoneyGram is the first company in the industry to enable consumers to send money directly to any receiver’s bank account in the country;
    • MoneyGram account deposit service is available at more than 400 banks across the globe.

    Customers simply enter the information required for the sender and receiver at the point of sale and then select the bank deposit option.

    In Ukraine, funds are available in the receiver’s bank account the same day if sent within Ukrainian business hours, otherwise will be available on the following business day with no back-end fees and low, locked-in exchange rates.

    “Industrialbank is one of the leading banks in the Ukraine. Its success on the foreign markets and focus on improving customer services for the Ukrainian market have led to providing the new account deposit product for Ukraine, which has no equivalent in the CIS. I am grateful for the MoneyGram and Industrialbank teams for implementing such a project,” said Mykhailo Bukreev, Chairman of the Board of Industrialbank.

    According to World Bank data, Ukraine received a record of more than $14 billion in 2018, up about 19 percent over what the country received in 2017.