Business news from Ukraine

Business news from Ukraine

STATE-RUN UKRAVTODOR STARTS REPAIRS OF IZMAIL-KILIYA-VILKOVE ROAD

The State Automobile Roads Agency of Ukraine (Ukravtodor) has begun repair work on the ten-kilometer section of the T-16-07 Izmail-Kiliya-Vilkove national road.
Ukravtodor said in its Telegram channel that work is already underway to break up the old road surface and equip the base with crushed stone-sand mixture.
The contractor for the repair work on the site is Rostdorstroy LLC.
Ukravtodor said that under the Big Construction program it is planned to restore 194 km of roads in Odesa region in 2020.
RDS Group is included in the top three road construction companies of Ukraine. It includes Kyivshliakhbud” and Rostdorstroy.
The core business is construction, reconstruction and maintenance of roads and bridges, construction of airfield complexes.
The ultimate beneficial owners of RDS Group are Ukrainian citizens Yuriy Shumakher and Yevhen Konovalov.

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FOOTBALL MATCHES ALLOWED IN UKRAINIAN CAPITAL WITH PARTIAL INVOLVEMENT OF FANS

The city of Kyiv agreed with the proposal of the Ukrainian Association of Football (UAF) (UAF) regarding holding international matches under the auspices of UEFA with partial involvement of fans of up to 30% of the stadium capacity, the press service of the Kyiv City State Administration has reported.
According to the relevant excerpts from protocol No. 64 of the meeting of the emergency response team dated October 2, 2020, posted on the administration’s website, subject to strict observance of anti-epidemic requirements and rules, partial attraction of fans to the following matches is allowed:
– October 9 – Kyiv, Obolon Arena stadium – a match of the qualifying round of the European Championship among youth teams between the national teams of Ukraine and Romania;
– October 10 – Kyiv, Olympiysky stadium – the UEFA Nations League match between the national teams of Ukraine and Germany;
– 13 October – Kyiv, Olympiysky stadium – the UEFA Nations League match between the national teams of Ukraine and Spain.

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PASSENGERS CARRIED IN JAN-JULY OF 2020, IN MLN

Passengers carried in Jan-July of 2020, IN MLN.

UKRAINE INTERNATIONAL AIRLINES TO START OPERATING KYIV-NEW YORK FLIGHTS IN SPRING 2021

Ukraine International Airlines (UIA, Kyiv) has postponed the launch of Kyiv-New York flights to the end of the low winter season 2020-2021.
“This decision is due to objective circumstances. Long-haul flights is planned in advance. All current changes in the market and forecast of their impact on the future are taken into account,” the airline’s press service said on Friday.
UIA said that the revision of Ukraine’s GDP recovery in 2020 and 2021 due to the negative impact of the pandemic on the country’s economy; deterioration of the epidemiological situation in Eastern European countries, Israel; as well as a significant deterioration of the political situation in the Caucasus, which led to the cancellation of flights to Yerevan, Baku, Tbilisi, which were supposed to provide a transit flow through Kyiv to the United States, negatively affected the forecasts for the launch of flights to New York.
“The combination of these factors, leading to a decrease in both direct traffic from Ukraine to New York and transit traffic to the United States, became the reason for revising the feasibility of restoring a direct Kyiv-New York flight in 2020,” the airline said.
UIA said that they continue planning flights based solely on object.

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VOLUMES OF CARGO TRANSPORTATION IN JAN-JULY OF 2020, MLN TONS

Volumes of cargo transportation in Jan- July of 2020, MLN tons.

PREMIUMS ON GREEN CARD POLICIES IN UKRAINE DOWN BY 34.3%

Accrued insurance premiums under Green Card international insurance agreements signed by the member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-August 2020 decreased by 34.3% compared to the same period in 2019, to UAH 781.3 million.
The MTIBU reported on the website the number of Green Card agreements concluded during this period fell by 45.62%, to 406,600.
At the same time, the amount of compensations paid on claims increased by 25.72%, to EUR12.2 million, while the number of claims paid by 14.7%, to 4,141.
The MTIBU is the only association of insurers that provide compulsory insurance of civil liability of land vehicles’ owners for damage caused to third parties.

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