Business news from Ukraine

KHARKIV AIRPORT SEES 33% RISE IN PASSENGER FLOW

Passenger flow at the Kharkiv international airport grew by 33% in February 2018 year-over-year, to 53,400 people, the press service of DCH that manages the airport via New Systems AM.
The share of passenger traffic on international flights was 74%. The most popular destinations in February 2018 were Istanbul (Pegasus, Turkish Airlines, Atlasglobal), Kyiv (UIA), Sharm El Sheikh (Windrose, Azur Air Ukraine, Bravo Airways, YanAir, UIA), Warsaw (LOT), Tel Aviv (UIA) and Minsk (Belavia).
The Kharkiv airport in 2017 increased passenger traffic to 806,100 people (in 2016 this figure was 599,700 people).
In Janary 2018, the company’s passenger flow was 59,500 people, which is 25% more than for the same period in 2017 (47,500 people).
Kharkiv airport has a runway 2,500 meters long and 50 meters wide. There are two passenger terminals with the capacity of 100 and 650 people on its territory.

JTI UKRAINE POSTS 27% RISE IN SALES ON DOMESTIC MARKET IN 2017

JTI Ukraine (Kremenchuk, Poltava region), part of JTI Group headquartered in Geneva (Switzerland), saw UAH 11.6 billion of revenue on the Ukrainian market in 2017.
The company said that the figure in 2016 was UAH 9.13 billion. JTI Ukraine’s production totaled 20 billion cigarettes compared with 24.9 billion in 2016.
Kremenchuk tobacco factory (Poltava region) belongs to the company in Ukraine. It owns the Sobranie, Winston, Camel, Glamour and LD cigarette brands. The products are sold in Ukraine and exported to 17 countries.

FINANCING OF NATIONAL SPACE PROGRAM IN UKRAINE TOTALS 35% OF PROJECTED IN 2017

Effective financing of the national targeted scientific and technical space program of Ukraine for 2013-2017 was 35% of the projected sum in 2017, the State Space Agency of Ukraine (SSAU) has said.
According to a public report of the SSAU head for 2017 posted on the agency’s website, UAH 80.1 million was financed out of UAH 225.2 million announced by the program for 2017.
According to the report, effective financing of the tasks declared in the program was the following: 50% or UAH 45.06 million for remote sensing of Earth; 10% or UAH 3.7 million for improvement of space telecom and navigation systems; 100% or UAH 14.4 million financing in the interests of national security and defense; 51% or UAH 16.48 million for space studies and 18% or UAH 400,000 for deepening international cooperation.
According to the report, in 2017, the financing of tasks to create space complexes and ensure industrial and technological development was a nil.
Under the program in 2017 elements of the flight model of Sich-2-1 spacecraft were made, the spacecraft ground control and information complex was modernized, design documents and the Sich-2M spacecraft simulator were made; Microsat-M spacecraft which launch is scheduled for 2020 was partially tested, four navigation correction stations were bought, and equipment for Antares and Zenit-3SLB launch vehicles was made.
Earth remote sensing data received from foreign spacecraft was processed: TERRA, Pleiades-1A/1B, EROS-B, AQUA, SUOMI-NPP, LandSat-8, Sentinel-1A and NOAA type spacecraft.

FINLAND WILL ISSUE EUR15 MLN FOR ENERGY EFFICIENCY PROJECTS IN UKRAINE IN 2018-2021

Finland will issue EUR15 million for the development of projects in education and energy efficiency in Ukraine in 2018-2021, Finnish Foreign Minister Timo Soini has said.
“Finland will continue to increase its financial support to Ukraine, which since the start of the conflict has reached EUR 34 million. Today we are ready to provide EUR15 million for projects in the field of education and energy efficiency,” he said at a joint press conference with Ukrainian Foreign Minister Pavlo Klimkin in Kyiv.
Soini added he calls on Ukraine to continue reforms, in particular, in the field of fight against corruption.

TOTAL INVESTMENT IN UKRAINIAN IT COMPANIES TRIPLE IN 2017

Total investment in Ukrainian IT companies reached $265 million in 2017, which is a 3.3-fold increase from 2016, according to a report of AVentures Capital after the publication of the Dealbook of Ukraine drafted in partnership with the Ukrainian Venture Capital and Private Equity Association (UVCA), Ukrainian business angels network UAngels and Ukraine Digital News association.
According to the study, a total of 44 deals were signed in 2017, and for 90% of the deals were deals with foreign equity funds General Catalyst, IVP, Spark and Almaz Capital) but with participation of Ukrainian investors.
The foreign capital was 96% of total investment, while in 2016 and earlier foreign and local capital’s shares were almost equal.
“The total amount of investments in Ukrainian IT companies over the past five years was $630 million, including with the participation of the world’s leading investors, which indicates the development and sustainability of the industry in the conditions of the country’s economic and political problems,” AVentures Capital Managing Partner and co-author of the Dealbook Yevhen Sysoev said.
According to the study, in 2017, Ukrainian startups attracted investment primarily from venture funds (90%), as well as angels (6%) and crowdfunding platforms (3%).
The largest deals disclosed in 2017 were $110 million of investments in Grammarly (from General Catalyst, IVP and Spark Capital), $30 million in BitFurry (from Credit China Fintech Holdings), $10 million in Petcube (from Almaz Capital, Y Combinator, AVentures Capital, U.Ventures, Digital Future and others) and $7 million in People.ai (from Lightspeed Venture Partners, Index Ventures, Shasta Ventures, Y Combinator and SV Angel).

UKRAINIAN PATIENTS REQUEST INCLUDING GLAUCOMA MEDICINES IN NATIOANL AFFORDABLE MEDICINES PROGRAM

Patients are asking to include medicines for the treatment of glaucoma in the Affordable Medicines program, representative of the Ukrainian Society of the Blind Yaroslav Savchuk has stated.
“Now, to drip drops every day, a person needs to spend about UAH 1,000 per month. Can our usual patient, who has glaucoma, spend UAH 1,000 per month? People get blind because they do not understand the need to be treated or because there is no money for daily treatment. If the state helps such persons by lowering prices, including these drugs in the Affordable Medicines program, they could drip these drops daily and won’t become burden for the state,” he said at a press conference at Interfax-Ukraine.
“The Ukrainian society of the blind twice appealed to higher state agencies for help to include glaucoma medications in the list of available medicines, but so far the problem has not been resolved,” he stressed.
Marketing and Sales Director of PJSC Farmak Susanna Khalilova, in turn, noted that preparations for the treatment of glaucoma make up half of the company’s ophthalmic portfolio. At the same time, its generic drugs are more affordable than the original medicines.
“We see the experience of European countries, for example, Poland, where the reimbursement program fully covers glaucoma treatment. The state should respond to the patients’ request for including these drugs in the Affordable Medicines program,” she said.
At the same time, the ophthalmology expert of the Ministry of Health, Professor Oksana Vitovska, noted that ophthalmologists jointly with the medical department of the Ministry of Health prepared relevant information materials for including glaucoma in the list of nosologies under the Affordable Medicines program.
“This work is underway. Of course, no one dies from glaucoma, but patients assess the quality of their life after losing vision closer to death,” she said.
According to the expert, about 20,000 new cases of glaucoma are registered in Ukraine every year.
In general, about 200,000 people in Ukraine have glaucoma.