Business news from Ukraine

Business news from Ukraine

UKRAINIAN SEA PORT AUTHORITY WANTS TO START DREDGING PROJECTS IN 2019

The Ukrainian Sea Port Authority plans to double dredging works at Ukrainian ports in 2019, bringing the volume of projects to 16.335 million cubic meters, the press service of the authority reported after Dredging day 2018 held in Odesa. “This figure reflects the amount of work that the Sea Port Authority plans to start in 2019 compared to the amount of work that was planned to start in 2018,” the press service of the authority told Interfax-Ukraine.
At the same time, the authority said that the consolidated data on the implementation of the dredging plan for the current year are now being collected, work on individual facilities is proceeding as part of the plan, and for some of them even ahead of schedule.
The plans for 2019 include the continuation of dredging at the ports of Chornomorsk and Yuzhny (both Odesa region), including work to dredge the first boot basin of the Sukhy estuary of the Chornomorsk port in the amount of 1.1 million cubic meters with a planned period of four months, as well as in Yuzhny port (second and fourth launch complexes) in the amount of 6.339 million cubic meters with a planned implementation period of 21 months.
To maintain the passport depths, it is planned to carry out work in the amount of 8.88 million cubic meters in the ports: Kherson, Reni, Izmail, Odesa, Berdiansk, Mariupol, as well as on the Buzko-Dniprovsky-Lymansky canal; Kyiv, Kamianske, Kaniv, Kremenchuk, Dniprodzerzhynsk, Dniprovske and Kakhovka water reservoirs.

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UKRAINE PLACES $2 BLN EUROBONDS

The volume of placement of the five-year tranche of Ukraine’s eurobonds will be $750 million, that of the ten-year one some $1.25 billion, a source in the banking circles has told Interfax. Thus, the country is placing eurobonds worth $2 billion. The yield of the five-year tranche (it is “long,” maturing in February 2024) was 9% per annum, the ten-year tranche some 9.75%. The initial reference point was about 9.25% and about 10% respectively.
The volume of the order book amounted to $4.9 billion.
As reported, the organizers of the issue of Ukraine’s eurobonds are BNP Paribas, Citi, Goldman Sachs and J.P. Morgan. Ukraine plans to use funds from eurobond placement to repay 2019 eurobonds worth $725 million, as well as for general budget purposes.

KYIVSTAR LAUNCHES FAMILY TARIFF

The Kyivstar mobile communications operator has launched the family tariff for contract subscribers with a possibility of connecting up to four numbers to one account for UAH 75 a month. The press service of the company reported on Wednesday that under the terms of the tariff, in addition to unlimited calls in the Kyivstar network, subscribers will receive 50 minutes for calls to other networks in Ukraine, as well as to Italy, Poland and Russia, 5,000 MB of Internet and free use of the Kyivstar Go TV application.
The connection is available for Kyivstar subscribers who use the services of the operator for at least three months, if they visited the company’s branch with a passport.
Connection is possible only to an existing personal account, where a number/ numbers with Kyivstar 4G, Kyivstar 4G Extra, Kyivstar 4G Ultra, Kyivstar 4G Business, Kyivstar 4G Business VIP, Kyivstar 4G Extra + and Kyivstar 4G Business Premium are already registered, while one personal account can have no more than four numbers from Kyivstar Family registered.
At the same time, the company said in the press release that if at least one of the conditions for using the tariff is not met, the subscription fee at the Kyivstar Family tariff will be UAH 150 a month.

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MCDONALD’S OPENS RESTAURANT IN TERNOPIL

Enterprise with foreign investments McDonald’s Ukraine Ltd. (Kyiv), which develops the American chain of McDonald’s fast food restaurants in Ukraine, has opened its first restaurant in Ternopil located at 30, Hetmana Mazepy Street. The press service said that the new restaurant with 112 seats indoors and 128 seats outdoors is located in a one-story building with an area of 520 square meters. Around 100 employees service some 2,000 clients every day. The restaurant has the McDrive service.
The McDonald’s restaurant in Ternopil has become the ninth restaurant of the new format in Ukraine.
The first McDonald’s outlet in Ukraine opened in Kyiv on May 24, 1997.
Enterprise with foreign investments McDonald’s Ukraine Ltd. develops the chain.

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