Business news from Ukraine

KHARKIV AIRPORT SEES 21% RISE IN PASSENGER FLOW IN 2018

The Kharkiv international airport in January-July 2018 increased passenger flow by 21%, to 543,300 people, the airport has reported on its website. “The increase in passenger traffic is connected, in particular, with the opening of new destinations – flights to Dortmund, Milan, Tbilisi, Barcelona, Batumi, Rimini and Katowice… Domestic passenger traffic for seven months increased by 16%, international – by 22%,” the airport said.
In January-July, the airport serviced 2,629 flights (9% growth), of which 1,827 were international (20% growth), and 802 domestic flights (a decrease of 10%). The passenger traffic of the Kharkiv airport in July 2018 was 104,500 people, which is 20% more than for the same period in 2017 (87,200). In July, the number of international flights in comparison with July 2017 increased by 17%, to 357. The number of domestic flights decreased from 139 to 129, while the number of passengers on domestic routes increased.
The most popular among the regular destinations from Kharkiv are: Istanbul (Turkish Airlines, Pegasus), Kyiv (UIA), Warsaw (LOT), Tel Aviv (UIA), Dortmund (Wizz Air), Batumi (Yanair, Myway Airlines), Katowice WIzz Air), Minsk (Belavia), Milan (UIA) and Tbilisi (Myway Airlines). The airport expects an increase in the number of flights and total passenger traffic in coming months.

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BUSINESSMAN KHMELNYTSKY’S UFUTURE INVESTS $18 MLN IN BUILDING 18 MW SOLAR PLANT

UDP Renewables, part of UFuture Group of Vasyl Khmelnytsky, has built a solar power plant with an installed capacity of 18 MW in Kherson region, the businessman said on his Facebook page. “UDP Renewables has built an 18 MW solar plant in Rykove (Kherson region). Considering the fact that the Kherson sun is much more efficient than in Kyiv, we plan to fully pay back the investment ($18 million) in five or six years. The station will be connected in a few months,” he wrote. Khmelnytsky added that during the construction of the solar plant, racks, cables and inverters of Ukrainian origin were used, while solar panels were imported from China. To build the station, according to the businessman, the territory of the former industrial zone, unusable for agriculture, was used.
As reported, earlier the group of Khmelnytsky built the first stage of a solar plant with a capacity of 6 MW in the village of Velyka Dymerka of Kyiv region. After the construction of the first stage, the group attracted Spanish-based Acciona Energia Global as a partner for the expansion of the project.
UFuture Investment Group, headquartered in Brussels, was established in autumn 2017 and united the business projects of Vasyl Khmelnytsky. The group includes the Ukrainian development company UDP, whose specialization is the implementation of large infrastructure projects. In addition, the conglomerate united businesses in such areas as UDP Renewables, the Bila Tserkva industrial park, the innovative parks UNIT.City, and LvivTech.City.

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UKRAINIAN PHARMACEUTICAL COMPANY FARMAK INCREASES SALES, KEEPS POSITION OF INDUSTRY LEADER

PJSC Farmak (Kyiv), one of the three leaders of the Ukrainian pharmaceutical industry, in the first half of 2018 increased pharmacy sales by 17.4%, to UAH 2.232 billion. According to a press release of the pharmaceutical company, with reference to a study by Proxima Research, thus, Farmak for the eighth consecutive year has been leading the rating of marketing organizations in the pharmaceutical market of the country in January-June 2018.
As reported, Farmak in January-March 2018 increased sales of medicines by 18.35% compared to the same period in 2017, to UAH 1.1 billion.
In 2017 Farmak raised sales in the retail pharmaceutical market of the country by 21% in monetary terms. Its net profit increased by 29.9%, to UAH 839.09 million.
Over the past seven years, the company has allocated UAH 2.8 billion for the development and modernization of production.
PJSC Farmak exports its products to 20 countries. The company’s portfolio includes 220 product dossiers. Annually, it brings to the market up to 20 new medicines.

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HOUSEHOLDS DOUBLE INSTALLATION OF ROOF SOLAR STATIONS IN UKRAINE IN Q2

Ukrainian households installed 1,107 roof solar power stations in the second quarter of this year, which is twice as high as in the first quarter of 2018, the State Agency on Energy Efficiency and Energy Saving of Ukraine has reported. “In general, 4,660 private households installed solar panels with a total capacity of almost 90 MW as of the end of the first half of 2018. Investments amounted to about EUR88 million,” the report said.
According to the agency, the leaders in the number of “household” solar stations are Kyiv, Dnipropetrovsk, and Ternopil regions.

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ANTONOV, U.S. AVIALL PLAN TO COMPLETE OF DESIGNING OF COOPERATION SCHEME STEP BY STEP

Antonov State Enterprise (Kyiv), part of the Ukroboronprom State Concern, and division of U.S. Boeing – Aviall Services, Inc., which reached an agreement on partnership under the program to manufacture modernized Ukrainian next generation regional jets An-148/158/178 at Farnborough 2018 in London in July, plan to complete the designing of a cooperation scheme step by step during the implementation of the general agreement on cooperation.
Commenting at the request of Interfax-Ukraine on the plans Antonov State Enterprise announced in Western media to resume mass production of the planes with the assistance of Boeing already by the end of 2019, the company’s press service said: “The general agreement signed at Farnborough 2018 with Aviall does not have the terms of the start of the mass production of the aircraft with participation of the U.S. company, since the U.S. company is not involved directly in the production process.”
“The signed agreement is the basic one, and fixes agreements on the organization of work with Aviall Services, Inc., which will ensure the procurement and supply of the Antonov state enterprise with a wide range of components for the mass production of new aircraft,” the press service said.
“The document also includes the plans of the parties for the creation of a licensed warehouse by the Antonov state enterprise in its territory, where Aviall will supply the components. The products supplied by the U.S. company will be paid by Antonov State Enterprise as far as the chain of purchases for filling the warehouse is secured. As the media mistakenly interpreted, there is also no provision in the signed general agreement that Boeing participates in the creation of the warehouse,” the press service said.
The press service of Antonov State Enterprise reported that the creation of a scheme for prospective cooperation with Aviall Services Inc. was not completed at this stage: “Details of this process will be specified at each stage of cooperation,” the official representative of the enterprise said.
“Details of the prospective partnership between Antonov State Enterprise and the Boeing division under the program, which has the conventional name An-1X8 NEXT in the signed general agreement, can be announced after the signing of the contracts for the supply of components and the transition to the practical phase of cooperation under the project,” the press service said.

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MARKET OF GREEN CARD INTERNATIONAL INSURANCE GROWS IN UKRAINE

The number of Green Card international insurance contracts signed by the members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-June 2018 increased by 5.64% compared to the same period in 2017, to UAH 338,318, according to the bureau’s website. The amount of accrued insurance premiums increased by 26.59%, to UAH 642.4 million.
The amount of claim fee payments for January-June fell by 0.38%, to almost EUR 5.98 million.
The number of paid claims increased by 3.53% to 2,609.
The MTIBU is the only association of insurers that carry out compulsory insurance of vehicle owners’ civil liability for harm caused to third parties. Its members are 56 insurance companies, in particular full members of the bureau that have the right to sign Green Card contracts are nine companies.

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