Retail sector is driving Ukraine’s economic growth

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Ukraine’s economic growth will continue to be driven by the increasing volume of retail trade, with more than 40 major retail projects currently underway in the capital Kyiv, Ukrainian real estate consultancy UTC has said.

According to Konstatin Oleinik, UTC’s head of strategic consulting, the retail vacancy rate in Ukraine is set to grow above the current 5.5 per cent, with outdated shopping centers expected to close as several malls are modernized, as reported by Emerging Europe.

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