Business news from Ukraine

Business news from Ukraine

WUHAN CORONAVIRUS TO HAVE MINIMUM EFFECT ON ECONOMY OF UKRAINE

The Wuhan coronavirus will have a minimum effect on the economy of Ukraine due to low international tourist inflow in the country, Economic Development, Trade and Agriculture Minister of Ukraine Tymofiy Mylovanov has said.
“Usually it may directly affect tourism – tourism slows down. Unfortunately, or in this case fortunately, international tourism inflow is low in Ukraine – a mere 2% of GDP,” he said at a press briefing following the government’s meeting on Wednesday, adding that transporters and tour operators, who are working on foreign markets, including China, might suffer some expenses on the evacuation of people, however, in general, the effect will be minimal.
“We are not forecasting a negative effect [of the coronavirus] on goods turnover. Actually, using the opportunity, we have eliminated several trade barriers for export to China, but this is not related to the coronavirus,” the minister said.

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OPEN HORSE MASTER-CLASSES WILL BE HELD NEAR KYIV

On February, 1 and 2 a «Horse program – interactive with the visitors» will take place near Kyiv in the «Kyivan Rus Park». During these days guests will get acquainted with the unique horses of historical breeds. An unforgettable journey into the epoch of the Middle Ages, live communication with the purebred horses, ancient Slavic winter amusements, master-classes, delicious dishes prepared on open-fire by the princely cooks and a lot more of new and interesting from the life of our ancestors will be waiting for the guests.
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 190 UAH, for pensioners and students – 150 UAH, for schoolchildren – 80 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in the vill. Kopachiv, Obukhiv district, Kyiv region.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Detailed information on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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PRESIDENT OF UKRAINE TO MEET WITH U.S. SECRETARY OF STATE MICHAEL POMPEO IN KYIV ON JAN 31

A meeting of President of Ukraine Volodymyr Zelensky with U.S. Secretary of State Michael Pompeo will take place on January 31, as reported on the president’s official website.
According to the report, a meeting between Pompeo and Zelensky will start at the President’s Office at 12.00.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 30

Official rates of banking metals from national bank as of January 30

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 30/01/20

National bank of Ukraine’s official rates as of 30/01/20

Source: National Bank of Ukraine

OTI HOLDING WHICH INCLUDES CORAL TRAVEL TO CREATE HOTEL CHAIN IN TURKEY, EGYPT, TUNISIA

OTI Holding, which includes the Ukrainian tour operator Coral Travel, intends to create the OTI Hotels & Resorts International hotel chain as part of the reorganization of the hotel business. Director of Coral Travel Tetiana Prokopenko told Interfax-Ukraine that by the beginning of the summer season 2020, the network will include more than 20 hotels, and by the end of the year it will expand to 30 hotels in the resorts of Turkey, Egypt and Tunisia.
According to Prokopenko, the network will be developed via renting or buying hotels, taking them into management, and also through franchising – work under an agreement on holding standards related to service, staff training, guest relations, food, drinks, branding, active leisure, sports, animation, children’s events and sanitary standards.
OTI Hotels & Resorts International will include hotels of various levels. They will operate under the new Seven Seas Resorts & Hotels brand, as well as under the well-established brands Otium Hotels and Xanadu Resort.
In addition, Coral Travel plans to expand the flight program from Kyiv and the regions in the 2020 season, as well as increase its own product list in the most popular directions – Turkey, Egypt, Greece and Spain.
The tour operator also plans the further development of its own two franchise networks, Coral Travel travel agency and Coral Elite Service travel agency. By the end of 2020, the latter would have 350 offices in 90 cities of Ukraine.

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