Business news from Ukraine

Business news from Ukraine

SLOVIANSKI SHPALERY-KFTB WALLPAPER OUTPUT 2% UP IN JAN-APRIL

Public joint-stock company Slovianski Shpalery-KFTB (previously Koriukivka industrial paper factory in Chernihiv region), one of the CIS’ major wallpaper producers, in January-April 2018 produced 7.57 million conventional sheets of wallpaper, which was 2% up from a year ago, according to the UkrPapir association.
According to the association, wallpaper production in Ukraine in January-April 2018 grew by almost 4.4%, to 30.73 million conventional sheets of wallpaper. The factory’s share of total production was 24.6%.
In April 2018, wallpaper production in Ukraine totaled 7.94 million conventional sheets of wallpaper, which was 8.6% less than in April 2017 and 18.3% less than in March 2018.
Taking into account the production indicators, the volume of commodity products of the plant in January-April 2018 increased 28.4%, to UAH 373.32 million.
Slovianski Shpalery-KFTB produces several kinds of wallpaper, including washable, duplex, vinyl and acrylic wallpaper. It sells over 2,500 designs under the Slovianski Shpalery trademark.
Earlier around two-thirds of products made by the factory were supplied to Russia. The factory also shipped its products to the CIS and European countries.
In 2017 the factory reduced wallpaper output by 6.1% compared to 2016, to 26.79 million conventional units. In monetary terms, the volume of production remained almost at the level of 2016, amounting to UAH 1.066 billion.

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BORYSPIL AIRPORT ACCEPTS AND DISPATCHES ALL ADDITIONAL CHARTER FLIGHTS, 22% MORE BUSINESS JETS TO CHAMPIONS LEAGUE FINAL

Boryspil Airport (Kyiv region) on May 25-26 accepted and dispatched all 77 additional charter flights (100% of the plan) and 73 business flights, which is 21.6% more than the estimated number of flights agreed for transportation of fans to the holding of the UEFA Champions League final in Kyiv on May 26.
“Some 77 charter flights and 73 business flights were accepted on May 25-26. This number does not include regular flights, only those with fans,” airport spokeswoman Tetiana Yarosh said.
She also said that initially it was planned to accept only 60 business jets.
According to the expert, all these planes departed from Kyiv at 07:00 a.m. on Sunday, May 27, without incidents.
As reported, Boryspil airport planned to accept and dispatch 77 additional charter flights on May 25-27 in connection with the holding of the Champions League final match in Kyiv.
At the same time, Kyiv airport almost quintupled the number of accepted business jets in connection with the Champions League final match.

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FOREIGN INVESTORS INTERESTED IN PRIVATIZATION OF UKRAINIAN ENERGY COMPANIES

Foreign investors are actively interested in buying state-owned stakes in energy supply companies, while at the same time they note the need to introduce incentive tariff formation (RAB tariffs) for the reliable evaluation of privatized facilities, Brian Best, the manager of the investment banking department at Dragon Capital investment company, has stated.
“We see a certain interest in the energy sector and we have a mandate from international investors for participation in privatization of regional energy companies,” he said at the conference “Turning Tides: M&A in Ukraine” organized by AEQUO law firm in Kyiv.
At the same time, the expert noted the importance for investors of the availability of a transparent and understandable system for electricity tariffs formation.
“Without clarity in the structure of tariffs, it is difficult for investors to understand what the future cash flow will be and how to calculate the value of these assets. RAB tariffs are definitely a necessary condition for privatization,” the expert said.
Speaking about other state enterprises to be privatized, the expert noted the presence of a number of obstacles that limit investors’ interest in such assets, despite the fact that many of them seem very attractive.
“For example, Odesa Port-Side Chemical Plant and Sumykhimprom are burdened with significant artificial debts. And in order to conduct fair privatization, it is important to clear the balances of the enterprises from these liabilities,” he said.

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EBRD DIRECTOR IN UKRAINE SEVKI ACUNER TRANSFERS TO LONDON OFFICE

Director of the European Bank for Reconstruction and Development (EBRD) in Ukraine Sevki Acuner on June 1 will finish his work on the post and will transfer to the London office of the bank, Senior Adviser of the EBRD Anton Usov has told Interfax-Ukraine.
“Managing Director of the EBRD in Eastern Europe and Caucasus Francis Malige will be also responsible for EBRD operations in Ukraine,” Usov said, commenting on the new management structure.
As reported, the EBRD in April 2013 appointed Acuner director in Ukraine from June 1. Acuner, who previously held the position of EBRD Deputy Country Director for Turkey, replaced Andre Kuusvek, who has been appointed Director of Local Currency and Capital Markets Development at the EBRD’s headquarters in London and who had been Director for Ukraine since 2008.
The EBRD is the largest international financial investor in Ukraine. Since the beginning of the bank’s operations in the country in 1993, its total liabilities have reached EUR 12 billion.

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