Business news from Ukraine

DRAGON CAPITAL BUYS SITE FOR WAREHOUSES NEAR KYIV FROM AUSTRIA’S CA IMMO

The Antimonopoly Committee of Ukraine (AMC) has allowed Dragon Capital Investments Limited (Cyprus) to acquire Korma Development LLC (Kyiv), owned by Europolis GmbH, which is part of the large real estate group CA Immo Group (Vienna, Austria).
According to the AMC, the agency permitted Dragon Capital Investments Limited to acquire a stake in the charter capital of Korma Development, which provides the buyer with over 50% of the voting shares on the company’s board.
According to the unified state register, Korma Development is the owner of a 100% stake in the charter capital of Europolis Property Holding LLC (Kyiv).
Europolis Property Holding owns several land plots in the village of Kolonschyna in Kyiv region near highway E-40 (M-06), which are designed for construction and operation of storage facilities.
The total area of the plots is about 50 hectares.
According to CA Immo Group, in 2017 it sold a site with an undeveloped project in Ukraine. As of 2015, the company estimated the value of the Ukrainian asset at EUR3.4 million.
Dragon Capital Investments Limited is part of Dragon Capital Group, founded in 2000, which is one of the largest in the Ukrainian investment market. It works in the field of direct investment and financial services, provides a full range of investment banking and brokerage services to corporate and private clients.

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DTEK MINES RAISE GAS COAL OUTPUT BY 5% IN APRIL

DTEK’s mines in April 2018 increased gas coal production by 5% compared to April 2017, to 2 million tonnes, the company’s press service has reported.
“The growth in production at DTEK Pavlohradvuhillia in April this year was 3% compared to April 2017, to 1.7 million tonnes, at DTEK Dobropilliavuhillia it stood at 19%, to 334,000 tonnes,” the report said.
According to the press service, in April the company invested UAH 387 million in the development of production at the mines of DTEK Pavlohradvuhillia and DTEK Dobropilliavuhillia. Of these, UAH 167 million was invested in the purchase and overhaul of purification equipment, UAH 94 million in capital mining and UAH 29 million in tunnel equipment.
Since the beginning of the year, 12 longworks have been commissioned at DTEK’s coal enterprises.

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BORYSPIL AIRPORT EXPECTS UAH 15-20 MLN RISE IN REVENUES DUE TO SERVICING UEFA CHAMPIONS LEAGUE FLIGHTS

Boryspil International Airport expects to receive an additional UAH 15-20 million of revenue from aviation activities due to servicing additional flights on the day of the UEFA Champions League final in Kyiv on May 26, the airport deputy director for commercial activities and strategic development, Heorhiy Zubko, has said at a press conference.
“The assets Boryspil airport intends to receive within the framework of this event are those that are directly related to aviation activity. We expect to receive at least UAH 15-20 million from that number of passengers who will come to us,” he predicts.
Zubko noted that in addition to income from aviation activities, the airport also expects to receive additional income from passenger service enterprises: cafes, duty free shops, etc., located in the airport’s territory.
As reported, Boryspil airport is expected to accept 77 flights with fans in Terminals B and D on the day of the UEFA Champions League final.
At the same time, Kyiv expects 100,000 guests for the UEFA Champions League final, but most fans will leave after the Champions League finals are finished and they will not need accommodation in the hotels of the capital.

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SMART ENERGY COMMISSIONS NEW 4,620-METER WELL IN KHARKIV REGION

PJSC Ukrgazvydobutok (part of Smart Energy Group) has commissioned a new appraisal and production well on Ostroverkhovske gas condensate field in Kharkiv region, the press service of the group has said.
According to its data, the depth of the well is 4,620 meters, drilling was successfully completed in April 2018.
“Due to the successful implementation of technical solutions we managed to obtain a commercial flow of gas from the Visean deposits at the level of 90,000 cubic meters per day. This figure is 30% higher than the expected output,” Technical Director of Smart Energy Viktor Dudzych said.
The press service noted that the drilling of well No. 10 of Vasyschevske deposit (Kharkiv region) is also underway.
Smart Energy is the managing company in Smart-Holding Group of Vadim Novinsky. It is responsible for the development of projects in the field of hydrocarbon production and alternative energy.

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SYNGENTA TOGETHER WITH USAID CREATE PLATFORM FOR AGRIBUSINESS DEVELOPMENT IN UKRAINE

Syngenta in Ukraine in partnership with the USAID project Agriculture and Rural Development Support have created the Club of Strategic Partners of the Fruit and Vegetable Market, the first meeting of which was held in Kyiv on May 22.
The initiators of the club announced at the meeting it will unite producers, processors, retailers and restaurateurs in order to stabilize the fruit and vegetable business and fill the Ukrainian market with vegetables and fruits of domestic production, as well as improve product quality and establish a dialogue and interaction between players.
According to Kseniya Sydorkina, the deputy director of the Agriculture and Rural Development Support project, agricultural producers need to adapt the best world practices of agricultural production to remain competitive. New challenges arise for producers and processors, in particular, the introduction of international quality and product safety standards.
“Over the past few years, the needs and preferences of the fruit and vegetable market have changed dramatically. The growth of welfare of the countries in the world creates new consumer preferences for the type, quality, packaging, presentation of agricultural products, which require changing approaches to doing business. Manufacturers, procurers, processors, retail chains need a common platform for an open dialogue and effective partnership. The club of strategic partners is a wonderful initiative,” she noted.
The USAID project Agriculture and Rural Development Support is planned until 2020 and aimed at promoting an integrated and sustainable economic growth through the development of the agricultural sector and the creation of more attractive living conditions in the rural areas of Ukraine.
Syngenta is one of the world leaders in the field of plant protection agents and seed production. The company employs 28,000 people in more than 90 countries.

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BORYSPIL AIRPORT SEEKS TO OPEN TERMINAL F BY MAY 2019

The Boryspil international airport (Kyiv) plans to launch Terminal F by the start of the summer navigation of 2019, First Deputy Director General of the airport Yevhen Dykhne said at a press conference on Wednesday.
He does not link the opening of this terminal with the start of the largest European low cost airline Ryanair in the airport.
“The Boryspil airport exhausted its potential in the peak loading, and Terminal F will be opened by summer navigation of 2019,” he said.
Earlier the airport head, Pavlo Riabikin, said that if Ryanair flies at least 15 flights a day, mothballed Terminal F would be opened.
“We are preparing for this and, first of all, this is linked to our calculations regarding the increase in passenger traffic. The second important factor is that at peak hours we reached the largest throughput in Terminal D and can no longer provide services to airlines that order slots for peak time. We already refuse airlines in provision of slots, which means that the capacity of Terminal D is not enough,” Dykhne said.
He also said that those airlines that fly at peak times, but do not participate in the transfer program of the airport and do not provide transit passengers, will be transferred to Terminal F.
“We will try to focus Terminal D on our hub operation model. As for those airlines that do not participate in the transit, we will offer them a transfer to Terminal F,” Dykhne said.
He also recalled that it was agreed that after the opening of Terminal F, Ryanair flights will be transferred to this terminal.
Boryspil International Airport is the main airport of Ukraine. The airport has two runways: one with a length of 4,000 meters and a width of 60 meters, and the second with a length of 3,500 meters and a width of 63 meters. Four passenger terminals, postal and cargo complexes are located on the territory of the airport.

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