IKEA could invest up to USD 2.5 bln in Ukraine

Swedish retail giant IKEA said that it could invest up to USD 2.5 bln on the Ukrainian real estate market under favorable circumstances, the company’s Russia & CIS representative Oksana Belaychuk said yesterday. Belaychuk said IKEA was considering major projects in Kyiv, Kharkiv, Dnipropetrovsk, Odesa, Donetsk and Lviv; it currently leases 64 ha of land in Odesa region and is in negotiations for land in the five other regions for 20-30 ha land plots. IKEA currently has more than 250 stores throughout the globe.