Business news from Ukraine

KYIV INTERNATIONAL AIRPORT SERVES 155,700 PASSENGERS IN MARCH, RISE 56% MONTH-TO-MONTH BASIS

In March 2018, Kyiv International Airport named after Igor Sikorsky served 155,700 passengers, which was 56.6% more than in March 2017.
The number of passengers served on international routes was 149,400 people, while those who flew on domestic routes numbered 6,300 people.
The number of flights in March 2018 was 1,975 both as arrivals and departures, which was 29.8% more than in the same period in 2017. These included 1,611 international flights and 364 domestic flights.
The most popular international destinations in March 2018 were Dubai (the UAE), Minsk (Belarus), Ankara (Turkey), Warsaw (Poland), Budapest (Hungary), Rome (Italy), and Memmingen (Germany). Odesa, Zaporizhia and Lviv were popular domestic destinations.

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PM GROYSMAN WANTS TO SIGN FTA AGREEMENT WITH TURKEY THIS YEAR

Prime Minister of Ukraine Volodymyr Groysman has said that Ukraine intends to sign an agreement on a free trade zone (FTA) with Turkey before the end of 2018. “Tomorrow, a delegation headed by the first deputy PM is coming back. We are going to sign an agreement on a free trade zone with Turkey this year,” the head of the government said on the Inter TV channel on Friday. Groysman said that this agreement would positively contribute to the development of the country’s economy.

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AKHMETOV’S UKRTELECOM NOT TO PAY DIVIDENDS FOR 2017, TO CHANNEL PROFIT INTO COVERING LOSSES

PJSC Ukrtelecom whose 92.79% stake belongs to LLC ESU, which is controlled by Rinat Akhmetov’s System Capital Management (SCM), will not pay dividends for 2017. “It was decided that the profit the company generated last year will be used to cover losses accumulated over previous periods,” Ukrtelecom’s press service told Interfax-Ukraine.
In addition, shareholders re-elected the supervisory board together with its head, Leonid Netudykhata, who once headed the State Service for Special Communications and Information Protection, was Deputy Minister of Transport and Communications, and worked as Chairman of Ukrtelecom’s Board of Directors in 1997-2000.
“The shareholders confirmed the top managers’ course towards further modernization of the company and an increase in the share of revenue from new IP services,” the press service said.
As reported, PJSC Ukrtelecom completed 2017 with a net profit of UAH 867 million, which was 44.3% more than in 2016. The operator’s net income over the year increased by 1.7%, to UAH 6.654 billion.
Earnings before interest, tax, depreciation and amortization (EBITDA) grew by 4.9%, to UAH 1.867 million, EBITDA margin rose by 1.8 percentage points, to 28.1%. The company’s capital investment decreased by 0.7%, to UAH 948 million.

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UKRAINE SHOULD SIMPLIFY PROCEDURE FOR IMPORT OF MEDICAL PRODUCTS AND EQUIPMENT

Ukraine should simplify the procedure for import of medical equipment and medical products for signing long-term contracts with foreign producers after the completion of international purchases. Country Manager for Region Emerging East at Medtronic Stefan Linder told this to Interfax-Ukraine at the opening of the Odrex heart clinic in Odesa on Thursday, April 12.
“At present, the number of requirements and regulatory mechanisms that the Ukrainian side puts forward for medical products imported into its territory is so great that we cannot import them as easily as international organizations do. If this changes, then we will be very happy to agree to that long-term contracts with a national procurement agency,” he said. At the same time, he stressed the need to focus the efforts of the Ukrainian side on creating opportunities to “get independence from imports and create conditions within the country to meet the demand in the production of medical goods and medical equipment.”
Medtronic is one of the world’s largest companies engaged in the development and provision of medical technologies, services and solutions to relieve pain and restore health. Medtronic is headquartered in Dublin, Ireland. Medtronic provides services to doctors, medical institutions and patients in more than 160 countries.

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