Ukrainian fast food market has been growing recently with mostly local chains such as Puzata Hata, Trali-Vali, Dva Gusya, Domashnya Kuhnya and a few others gaining more popularity among Ukrainians who prefer home-made dishes to traditional American burgers with fries. Continue reading “Pizza Hut, Burger King & KFC will come to Ukraine?”
Month: February 2008
Italian Intesa buys Ukrainian Pravex Bank for $750m
Following an attempt of buying another Ukrainian bank, Italy’s Intesa Sanpaolo closed a Feb. 4 deal to buy a 100% stake in Ukraine’s 6th-largest bank, Pravex Bank, for over 500 million euros ($750 million). The acquisition of Pravex by Italy’s 2nd-largest bank is the latest advance by European banking groups into Ukraine, as foreign banks have increased their market share in the past 3 yrs. Continue reading “Italian Intesa buys Ukrainian Pravex Bank for $750m”
Privatization tenders in Ukraine
Billions of dollars are expected to flow into Ukraine with the privatization plans for large enterprises starting with the sale of state-owned chemical giant Odesa Portside Plant and state fixed-line phone monopoly Ukrtelecom. Continue reading “Privatization tenders in Ukraine”
Inter TV channel prepares for first TV IPO in Ukraine
UA Inter Media Group is gearing up for an IPO, a move which would mark the first of several planned listings on a foreign exchange by a Ukrainian media group
UA Inter Media Group, Ukraine’s leading media firm controlled by billionaire Valeriy Khoroshkovskiy. Last month, the media holding signed a consulting agreement with Kyiv-based investment bank Dragon Capital to prepare for an international IPO. Continue reading “Inter TV channel prepares for first TV IPO in Ukraine”
Fifteen 3-Star Ramada Encore hotels will open in Ukraine
Wyndham Hotel closed and exclusive agreement with the Ukrainian Hotels LLC (part of the Atstron Ukraine) to open fifteen 3-star Ramada Encore hotels within the next ten years.
Continue reading “Fifteen 3-Star Ramada Encore hotels will open in Ukraine”
Ukrsotsbank sold to UniCredit Group
UniCredit Group, the Italian banking giant, completed its 1.5 billion EURO acquisition of a 94.2 percent stake in Ukrsotsbank from Ukrainian billionaire Victor Pinchuk on January 23.
Continue reading “Ukrsotsbank sold to UniCredit Group”
High demand igniting suburban real estate surge
In recent years, Ukrainians seeking to live in the nation’s capital have turned to less expensive options in the suburbs as urban real estate prices skyrocketed to $5,000 per square meter and higher. Demand remains high, but the rush for affordable suburban land by average citizens and speculators alike is pushing prices for suburban lots to extremes too.
Continue reading “High demand igniting suburban real estate surge”