Business news from Ukraine

Business news from Ukraine

EXPRESS TRAIN FROM KYIV TO BORYSPIL AIRPORT IS LAUNCHED

JSC Ukrzaliznytsia will send the round-the-clock express train on the Kyiv-Passazhyrsky-Darnytsia-Boryspil-Airport route to make its first trip. “The regular train trips are to start at 13:00,” the company’s press service reported. Four rail buses produced by Polish Pesa Bydgoszcz SA with a capacity of up to 120 passengers and with a baggage zone, upgraded by Ukrzaliznytsia, will run on the route. Tickets costing UAH 80 can be purchased by cash at two cash desks at the Central and South Railway Stations, by noncash at four self-service terminals installed in the concourse over the fourteenth track. Also, passengers can pay for travel directly in the trains using a technology similar to the Kyiv subway.
The cost of the project, according to the press service, amounted to UAH 480 million.
“In the course of the implementation of the project, about 4 km of track was added to the existing railway infrastructure, a 272 meter long overpass was built over the M03 Kyiv-Kharkiv highway. Two passenger platforms with pavilions near the airport and an indoor pedestrian crossing from the platforms to Terminal D of the Boryspil airport were built, Ukrzaliznytsia said on its website.
Under the project two waiting rooms with air conditioning, TV, sockets, Wi-Fi and a children’s area were also built. Passengers can enter the indicated zones is open if they have a ticket for the express train. As reported, on November 29, Ukrzaliznytsia announced the timetable of the express train to the Boryspil International Airport with 30 trips in each direction.
Ukrzaliznytsia plans to transport about 3.8 million passengers along the route Kyiv-Boryspil International Airport in 2019 and is negotiating the electrification of the section of the route from Kyiv to the Boryspil International Airport.

, , ,

SEVEN HILLS DEVELOPER PLANS TO START BUILDING SECOND RESIDENTIAL COMPLEX IN KYIV

Exko Plus LLC (Seven Hills developer, Kyiv) of businessman of Israeli origin Beny Steinmetz plans to start implementing a project to build a business class residential complex located at 39/2 Henri Barbusse Street in the Pechersky district of Kyiv. “We continue believing in business class – the segment where we work. We see and feel that it is stable. Demand remains. We will continue working in this residential housing segment,” Seven Hills CEO Arie Schwartz said at the RED PM DAY 2018 conference held last week in Kyiv.
He told Interfax-Ukraine that the company’s primary task is to complete the construction of the last stage of the Park Avenue residential complex, scheduled for the first quarter of 2019, and then focus on the new project.
As expected, the new complex will be designed for 670 high-end apartments. The construction of this residential complex was announced back in 2008. Then the developer several times postponed the start of its implementation.
According to Schwartz, the company’s portfolio contains five sites in Kyiv for development, one of them is Park Avenue residential complex (located at 58A, Holosiyivsky Avenue) and one in the pipeline – in the Pechersky district (located at 39/2, Henri Barbusse Street).
“We thought that it will take about five years to build Park Avenue. Today it is 11 years, and we continue working on our other projects,” Schwartz said.
As reported, Seven Hills in 2009 announced plans to start implementing three construction projects in Kyiv city and region, in particular, the Podol A class office center and a premium-class residential complex in Kyiv and the Airport City office and warehouse complex in Kyiv region.
Exko Plus LLC was established in 2004, its main activity is the construction of residential and nonresidential buildings.
According to the unified public register, participants of LLC are Global Space Management Limited (90%) and Respublika investment fund (10%). The ultimate beneficiary is Steinmetz.

, , , ,

SKYUP EXPANDS FLEET WITH THIRD BOEING 737-800

SkyUp airline has expanded its fleet with third Boeing 737-800 NG plane with 189 seats made in 2013, which became the fourth plane in the airline’s fleet.
“On the evening of November 28, the fourth plane of SkyUp Airlines, a Ukrainian low cost airline, Boeing 737-800, landed at the Kyiv airport,” Sikorsky Kyiv International Airport said on its Facebook page on Thursday.
In addition to the Boeing 737-800 NG, SkyUp has one Boeing 737-700 NG with 149 seats, and by the end of December, the airline is waiting for one more aircraft of each these two modifications.
SkyUp Airline LLC was registered in Kyiv in June 2016. The founder of SkyUp was ACS-Ukraine LLC belonging to Tetiana Alba and Yuriy Alba, who also own JoinUp! tour operator. The company began charter flights from the end of May 2018.
In October 2018, SkyUp airline received a Third Country Operator (TCO) License, allowing flying to 28 countries of the European Union (EU), as well as Switzerland, Norway, Iceland and Lichtenstein. In December, the airline plans to launch regular flights.

, ,

CHERKASY AZOT STARTS PRODUCING NEW TYPE OF FERTILIZERS

PJSC Azot (Cherkasy), part of Dmytro Firtash’s Group DF, has started producing new type of mineral fertilizers – a urea-ammonium mixture with sulphur, the enterprise has reported in a press release. Azot Board Chairman Vitaliy Skliarov, the specialized fertilizer segment, which includes the urea-ammonium mixture with sulphur, is actively developed in Ukraine. The plant quickly launched new production.
In 2017, the volume of the Ukrainian market of the urea-ammonium mixture with sulphur was around 45,000 tonnes and demand on it continues growing. Production of the urea-ammonium mixture with sulphur was organized at the basis of the operating facilities of Azot. The production capacity is 36,000 tonnes a year. In September, the enterprise made a first experimental batch of 540 tonnes, which is ready for shipment to customers.
Skliarov said that Cherkasy Azot is not the first Ukrainian enterprise, which started producing the urea-ammonium mixture with sulphur. However, the plant has market advantages compared with small enterprises, which are involved in artisanal production.
The share of ammonium in the finished product is 26-28.5%, the share of sulphur is 2%, ammonium nitrate – 35-37%, ammonium sulfate – 8.2-8.6% and urea – 27-30%.

, , ,