Vagif Aliyev intends to build in Kiev the largest in Ukraine Yuzhny (“South”) Mall 450,000 sq.m. square. The new facility will have to compete with the nearby SEC “Respublika”, put up by the NBU for sale.
Until the end 2017 SPAR Ukraine Corporation, the part of VolWest Group, plans to open another 15 stores, and in three years to increase the chain to 50 objects.
European cities are the preferred new destination for international retailer expansion attracting 43% of new retail brands in 2016, up from 36% on the previous year.
On May 18, the Kiev Economic Court satisfied the National Bank claim to the Cyprus company Berlintoto Ltd about the foreclosure on the OJSC Megapoliszhilstroy corporate rights share.
The consumer confidence of Ukrainians did not experience significant changes in April 2017: The Consumer Confidence Index equals 54,9, which is 0,6 points lower than the indicator in March.