Business news from Ukraine

Business news from Ukraine

ODESA-BASED COMPANY PLANS TO OPEN HOTEL IN POLAND

Ribas Hotels Group LLC (Odesa), the managing company of the national network of three- and four-star tourist hotel and restaurant complexes, has signed an agreement to manage the Bautzen hotel in Jelenia Gora (Poland). “The management company of Ribas Hotels Group has developed a concept and corporate style for the hospitality facility in the Polish city of Jelenia Gora and signed a management agreement. The opening is scheduled for spring 2021,” the company told Interfax-Ukraine.
According to Ribas Hotels Group, after the launch, the three-star hotel will include 23 rooms. The object will be the first one in the operator’s portfolio outside Ukraine.
The company noted that in order to increase the profitability of the facility, it was decided to reduce staff costs by creating a contactless reception desk, introducing the position of a curator of the facility, which helps conduct check-in if necessary.
“Most guests check in on their own, through the terminal, a lock system that will be installed on the doors. A specialist from the hotel will be 24/7 online chatting and communicating with guests, as well as advising guests who did not use to this service format,” the company said.
In addition, Ribas Hotels Group decided to abandon the traditional list of additional services that are not in demand. In particular, in Bautzen there will be no minibars, they will be replaced by vending machines with snacks and various prepared meals in the common areas of the hotel.
According to estimates by Ribas Hotels Group, the planned estimated return on investment in the opening of Bautzen is 5-7% per annum.

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MUSEUM OF MODERN ART COULD TO BE CREATED IN UKRAINIAN CAPITAL

Minister of Culture, Youth and Sports of Ukraine Volodymyr Borodiansky has announced the creation of a new institution in 2020 – the Museum of Modern Art, the press service of the ministry has said. “It will include several parallel processes: the concept of the museum, its material component and, at the same time, filling of the collection. This means that the state must buy art works, which are then to be displayed and stored in this museum,” said Borodiansky.
According to the Ministry of Culture, the creation of the museum is planned from 2020 and will last up to four-five years.
“The problem of our contemporary art is the physical absence of a museum that would accumulate the works of our outstanding masters. I am convinced that separate halls should be dedicated to outstanding Ukrainian artists such as Ivan Marchuk and other outstanding contemporary Ukrainian artists,” Borodiansky added.

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BORYSPIL INTERNATIONAL AIRPORT INCREASES PASSENGER TRAFFIC BY 21.1% IN 2019

Boryspil International Airport (Kyiv) in 2019 increased passenger traffic by 21.1% compared to 2018, to 15.260 million people.The press service of the enterprise told Interfax-Ukraine that the figure on international flights over the indicated period amounted to 14.163 million people (an increase of 22.2%), on domestic some 1.096 million (an increase of 8.3%).The number of flights in 2019 amounted to 110,660 for arrival/departure, which is 14.2% more than in 2018, in particular 97,428 international flights (16.1% more), and 13,232 domestic flights (1.4% more).In December 2019, passenger flow at Boryspil airport amounted to 1.053 million people, which is 12.6% more than in December 2018. At the same time, passenger traffic on international flights amounted to 973,100 people (13.8% more), and on domestic flights some 80,600 (0.2% more).The number of flights in December 2019 amounted to 7,800 for arrival/departure, which is 1.2% more than in the same period in 2018, including 6,865 (3.5% more) international flights, and 935 domestic flights (12.8% less).

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 11/01/20

National bank of Ukraine’s official rates as of 11/01/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 13

Official rates of banking metals from national bank as of January 13

One troy ounce=31.10 grams

DYNAMICS OF BALANCE OF PAYMENTS OF UKRAINE (USD MLN)

Dynamics of balance of payments of Ukraine (USD mln)

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