KYIV, Dec 20 – Swedish-based chain IKEA is mulling over entering the Ukrainian market and may open its first outlet in Kyiv in the next two years, the company said in an official statement.

"We are currently in the process of identifying a suitable business model that would allow us to meet our many consumers in Kyiv within one or two years. This way, based on the results, we will learn about the market and the Ukrainian customers and evaluate how to move on," the document reads.