Succesful Pirate label from Kiev, Ukraine as Panda Music. Now defunct
On their site, Nov.29, 1999:
"All discs listed in our catalog can be purchased at the "Arka CD" store, which is located in the center of Kyiv at the address: ul. Proreznaya, 4. The store is open from 9:00 a.m. to 8:00 p.m. from Monday to Sunday without a break.