Business news from Ukraine

Bosch and Siemens WITHDRAWS ZELMER SMALL HOUSEHOLD APPLIANCES BRAND FROM UKRAINE

BSH (Bosch and Siemens Hausgeräte GmbH), one of the world’s leading companies in the field of household appliances and its largest manufacturer in Europe, has decided to withdraw the Zelmer brand, under which a number of small household appliances produced in Poland were sold in Ukraine, from the Ukrainian market.
CEO of BSH Pobutova Tekhnika LLC Serhiy Maksymov told journalists the decision was made by the concern in connection with the intention to focus on the Bosch brand in the segment of small household appliances.
“The concern made the decision last year. In this case the concentration of resources, including financial, in development sand ideas for one brand will bring more effect,” he said.
According to him, in Ukraine the Zelmer brand held quite a weighty place, was one of the five leaders of the market of small household appliances.
“Last year we started successfully replacing this brand with Bosch products, therefore consumers will not feel the difference,” he noted, adding that Zelmer appliances are not much cheaper than Bosch, and in some positions the prices are equivalent.
Zelmer is one of the most popular small household appliances producers (vacuum cleaners, meat grinders, juicers, electric kettles, bread makers, irons, hair dryers, toasters, etc.) and climate appliances (humidifiers and air purifiers).

UKRZALIZNYTSIA ANNOUNCES TENDER FOR PASSENGER INSURANCE

PJSC Ukrzaliznytsia has announced an open tender to select a company to insure passengers against accidents in railway transport, the press service of the company has reported.
“We invite insurance companies to participate in an open tender to select an insurer to insure passengers against accidents in rail transport. The railway carrier intends to sign an agreement for a year from March 1, 2018 to March 1, 2019. Bids are accepted within ten working days from the date of the tender announcement posted on the company’s website,” the report says.
Proposals received by the customer after the deadline are not disclosed and returned to participants.
Bids will be disclosed in the premises of Ukrzaliznytsia at 14:00 on February 7.

ANTONOV AIRLINES ENSURES TRANSPORTATION OF NEW SATELLITE OF U.S. ORBITAL ATK FROM US TO SPACEPORT IN FRENCH GUIANA

Antonov Airlines, a leading global operator of An-124-100 Ruslan heavy lift aircraft with a carrying capacity of 150 tonnes, has ensured transportation of the new Al Yah 3 communications satellite of U.S. Orbital ATK weighing 23 tonnes from Washington to the Kourou spaceport in French Guiana (South America).
The press service of Antonov State Enterprise reported that Al Yah 3 spacecraft, one of the satellites created by Orbital ATK on the basis of the GEOStar-3 modern platform, was placed to a container of 11.4 meters long, 4.6 meters wide and 4.1 meters high.
According to open sources, the launch of Al Yah 3 spacecraft using Ariane 5 launch vehicle (LV) is scheduled for January 25 from the Kourou spaceport.
Antonov Airlines Director of Sales for North America Amnon Ehrlich said that the spacecraft was transported using a low-profile ramp system specifically designed and manufactured by Antonov State Enterprise for the satellite and space transportation sector, to safely and efficiently load and offload the satellite.
“We are honored to have been selected as the transport partner for this project, which further illustrates Antonov Airlines’ commitment to its customers and excellence in delivering outsized high-value aerospace equipment worldwide,” he said.
According to the report, recently Antonov Airlines opened a new base in Houston (Texas, the United States).

UFuture Investment Group MULLING OPENING OF INNOVATION PARK IN KHARKIV, Ukraine

UFuture Investment Group (UIG) is mulling the possibility of opening an innovation park in Kharkiv, the founder of the group, Vasyl Khmelnytsky, said on the sidelines of the Ukraine House in Davos on Wednesday.
He did not confirm earlier announced information that the group plans to build innovation hubs abroad.
“I never promise things that I cannot make for sure. We plan to finish the first stage of Unit.City in Kyiv. These are around 30,000-35,000 square meters. Then we will build,” he said.
The businessman confirmed the interest of potential foreign partners.
The park in Kharkiv could become the third park in the group’s portfolio after Unit.City in Kyiv and Lvivtech.City.
As reported, Ukrainian entrepreneur and philanthropist Vasyl Khmelnytsky has put his business projects and social initiatives under one umbrella brand, UFuture Investment Group.
Khmelnytsky develops various businesses, preferring cooperation and joint management. Among the most famous projects are the restoration of the Kyiv airport, the construction of the Ocean Plaza shopping and entertainment center and residential complexes Novopecherski Lypky, Bulvar Fontaniv, RiverStone and Parkove Misto in Kyiv. He invests in business UDP Renewables (alternative energy), Biofarma (pharmaceutical industry) and RTM (national advertising operator). Support for social projects in the field of economics and education is provided by K.Fund.

FOREIGN INVESTORS SHOW LARGE INTEREST IN UKRAINE HOUSE IN DAVOS

Foreign investors show large interest in the Ukraine House in Davos, Chairman of the supervisory board of the Ukrainian Venture Capital and Private Equity Association (UVCA) Andriy Kolodiuk has said.
“The hall is crowded during all the panels we are holding. Each second visitor is an investor,” he said on the sidelines of the Ukraine House in Davos.
Kolodiuk said that many businessmen know about Ukraine from news broadcast.
“Here we allow them to understand and show [what is going in Ukraine]… Finally, some investors have decided to arrive in Kyiv,” Kolodiuk said.
Ukraine’s first-ever Ukraine House in Davos, Switzerland, is held during the annual meeting of the World Economic Forum in January 2018. The Ukraine House will work within a week under the slogan “Ukraine: Creativity, Innovation, Opportunity” and is intended to become a dynamic discussion hub. Ukraine House will demonstrate Ukraine’s investment potential and business opportunities to global business leaders, politician and civil society representatives. Ukraine House is open from January 22 to January 26, 2018.
The project is organized by the Ukrainian Venture Capital and Private Equity Association (UVCA) in partnership with Western NIS Enterprise Fund (WNISEF) and Victor Pinchuk Foundation.
Ukraine House’s Gold Sponsor is Ciklum and Silver Sponsor is IT Ukraine.
Panels are sponsored by Horizon Capital, Bitcoin Foundation Ukraine, AgroHub powered by MHP, UNIT.City, Hacken and SocialBoost.
Ukraine House Organizing Committee (UHOC) is led by Alexa Chopivsky, Director of UHOC, Andriy Kolodiuk (UVCA), Olga Afanasyeva (UVCA), Jaroslawa Johnson (WNISEF), Svitlana Grytsenko (Victor Pinchuk Foundation), Lenna Koszarny (Horizon Capital), Marina Vyshegorodskikh (IT Ukraine). It is organized in cooperation with UkraineInvest and Office of the National Investment Council of Ukraine.