Business news from Ukraine

Business news from Ukraine

KYIV INTERNATIONAL AIRPORT INCREASES PASSENGER TRAFFIC

Passenger traffic of Sikorsky Kyiv International Airport in January-July 2021 amounted to 524,200 passengers, which is 8.3% higher than in the same period in 2020 (483,900).
As reported on the airport’s website, by the end of July, the airport serviced 186,900 passengers, which is 3.5 times more than in 2020 (52,400). The number of passengers served on international flights is 179,700 and 7,200 passengers on domestic flights.
The number of flights in July was 2,196.
Kyiv International Airport is located in the business center of Kyiv, 7 km from the city center. It ranks second in Ukraine in terms of the number of flights and passenger traffic.

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UKRAINE CUTS EXPORTS OF FERROALLOYS

Ukraine in January-June of this year reduced exports of ferroalloys in quantity terms by 6.8% compared to the same period last year, to 388,691 tonnes.
According to statistics released by the State Customs Service, in monetary terms, exports of ferroalloys increased by 17.4%, to $523.365 million.
The product was mainly exported to Turkey (17.84% of supplies in monetary terms), Italy (14.61%) and Poland (11.93%).
In addition, in January-July 2021, Ukraine imported 30,294 tonnes of this product, which is 40.3% more compared to January-July 2020. In monetary terms, imports increased by 40.6%, to $84.065 million.
The product was mainly imported from Brazil (19.16%), Kazakhstan (17.13%) and Russia (10.97%).

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UKRAINE CUTS EXPORTS OF IRON ORE

Mining enterprises of Ukraine in January-July this year reduced exports of iron ore in kind by 3.5% compared to the same period last year, to 26.08 million tonnes.
According to statistics released by the State Customs Service on Wednesday, during the specified period, foreign exchange earnings from iron ore exports increased 2.15-fold, to $4.695 billion.
Iron ore was exported mainly to China (45.8% of supplies in monetary terms), the Czech Republic (9.47%) and Austria (8.09%).
In January-July 2021, iron ore was imported to Ukraine for $130,000 in a total volume of 1,134 tonnes, while in January-July 2020, 84 tonnes iron ore for $42,000 was imported.
In January-July 2021, iron ore was imported from Egypt (79.23%), Poland (10%) and Russia (3.85%).

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INTERNATIONAL EUROPEAN UNIVERSITY COOPERATES WITH THE BEST MEDICAL INSTITUTIONS IN THE WORLD

International European University cooperates with the Anadolu International Medical Center (Turkey).

Anadolu is a contemporary multi-discipline clinic located in Istanbul. It treats a wide range of diseases using cutting-edge medical technologies and a professional team of specialists educated in Europe and the USA.
Center’s special feature is its affiliation with a globally renowned research medical center called Johns Hopkins Medicine in the USA.

It allows Anadolu to work with the high US standards and be on a level with world’s leading medical institutions.

International European University is an official representative of Anadolu Medical Center.

Therefore, citizens of Ukraine can obtain a free consultation of the best doctors of the medical center. Besides, patients receive assistance in organizing the trip, full support during arrival, treatment and after coming back home.

It is implemented as follows: Patients should contact the international department of the university and provide documents (medical conclusion, analyses, etc.). University staff members send the documents to the clinic and receive the plan of actions.

If patients are fine with the details, our employees give the case to a supervisor of the medical center in Turkey and assist in trip organization if necessary.

Anadolu Medical Center has its own International department consisting of 65 workers, which is responsible for patient care from abroad. They help foreign patients to understand the diagnosis, organize the trip and undergo treatment at the clinic in Turkey, as well as keep in touch with doctors after coming back home.

Besides, students, interns and doctors have a unique opportunity to undertake an internship at one of the world’s best clinics – Anadolu Medical Center!

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FIRST DEPUTY PRIME MINISTER: TIU CANADA SOLAR POWER PLANT’S PROBLEM CAN BE SOLVED BY CONNECTING TO ANOTHER POINT

The government of Ukraine is dealing with the problem of a solar power plant of Ekotekhnik Nikopol LLC belonged to the Canadian investor TIU Canada disconnected from the grid and proposes to solve it by connecting the solar power plant to another point, First Deputy Prime Minister, Minister of Economy Oleksiy Liubchenko has said.
“Supposedly, everything should be formally resolved at the judicial level, but we posed the question in a different way: to find an opportunity to connect to another point. Specialists are now working it out,” he said in an interview with Interfax-Ukraine.
According to Liubchenko, the rules of the National Energy and Utilities Regulatory Commission of Ukraine (NEURC) and other regulations should be configured in such a way that “no one would even have a thought to violate them.”
“And a private owner will cope better than the state. But the state can also take responsibility for the regional power suppliers’ work as an owner, especially when it comes to threats to national security,” he said.
As reported, the 10.5 MW power plant of TIU Canada was disconnected by the Nikopol Ferroalloy Plant (NFP) from the power grid of on March 2, 2020. TIU Canada said that NFP took advantage of the fact that the plant was connected to a substation located on its territory, and explained the need for shutdown by repair work. The shutdown caused the company in excess of EUR 1.5 million in losses, which continue to grow. TIU Canada challenged these actions in courts, but lost the lower court hearings, and the legal dispute dragged on.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 12/08/21

National bank of Ukraine’s official rates as of 12/08/21

Source: National Bank of Ukraine