Business news from Ukraine

Business news from Ukraine

QATAR INTERESTED IN CONCESSION OF UKRAINIAN PORTS

Qatar has showed its interest in concession of Olvia and Kherson seaports, Ukraine’s Infrastructure Ministry has reported on its website. The ministry said that the Ukrainian Sea Port Authority has signed a memorandum of understanding with Qatar ports management company Mwani Qatar, envisaging cooperation aimed at boosting cargo flow between seaports of Ukraine and Qatar, in particular, exports of agricultural products made in Ukraine to Qatar. In addition, it is planned to attract Qatar investments in port infrastructure facilities to include marine terminals in international supply chains.
“The signing of the memorandum opens the way for the further implementation of many projects… First of all, we are talking about the concession of the ports Olvia and Kherson. Qatar is also interested in cooperation in the Yuzhny port, which, according to the strategy of the Ukrainian Sea Port Authority, will start servicing large vessels that can pass the Bosporus Strait in the coming years,” Head of the Authority Raivis Veckagans said.
In turn, Minister of Transport and Communications of the State of Qatar Jassim Saif Ahmed Al Suleithi said that the development of cooperation with Ukraine in the port and aviation spheres is promising for Qatar and confirmed the intention to develop the launch of direct flights between Doha and Lviv at the bilateral level.

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TAROM AIRLINE TO LAUNCH ODESA-BUCHAREST FLIGHTS

Romania’s Tarom airline will launch direct Odesa-Bucharest flights from September 1, 2018, the Odesa international airport has written on its Facebook page. “The flights will be operated three times a week on Wednesdays, Fridays and Sundays. Departure from the Odessa International Airport is at 4:15 and from the Henri Coanda International Airport (Bucharest) is at 1:00 local time. It is planned to use modern turboprop aircraft ATR 42/72,” the airport said.
The airport also said that in Bucharest, passengers are able to connect to air carrier flights on more than 30 routes to Europe, the Middle East and Africa, as well as 10 destinations within Romania.
At the moment, direct flights to Romania from Ukraine are carried out by Windrose on the Kyiv-Bucharest route.

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STATE-OWNED OPERATOR OF ALL FOUR NPPS DOUBLES NET PROFIT

State-owned enterprise Energoatom in January-June 2018 saw net profit rise by almost 2 times compared to the same period last year, to UAH 3.186 billion. According to reporting on the website of the generating company, its net income in the first half of the year increased by 1.1%, to UAH 20.747 billion, while gross profit decreased by 1.8%, to UAH 5.166 billion.
As reported, Energoatom in 2017 received a net loss of UAH 1.322 billion against UAH 232.791 million of net profit for 2016. Net income in 2017 increased by 6.7%, to UAH 38.488 billion, while gross profit decreased by 16.7%, to UAH 4.773 billion.
Energoatom is the operator of all four operating NPPs in Ukraine. It operates 15 power units equipped with VVER reactors with a total installed capacity of 13.835 GW.

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