The European Bank for Reconstruction and Development (EBRD) could organize a syndicated loan of EUR 80 million for state-owned Ukreximbank (Kyiv) to support renewable energy and energy efficiency private investments in Ukraine.
According to a posting on the bank’s website, EBRD will provide EUR 40 million from own account.
The provision of the loan is pending the approval of the EBRD Board on June 19, 2019.
Ukreximbank, a wholly owned state bank, was established in 1992. It ranked third among 77 banks in Ukraine in terms of total assets worth UAH 232.064 billion as of January 1, 2019, according to the National Bank of Ukraine (NBU).
PrJSC Kyivoblenergo has stated DTEK had gained control over the company, having received relevant information from the Agency for the Development of the Ukrainian Stock Market Infrastructure.
In addition, according to reports on the website of the regional energy company, the supervisory board of the company at a meeting on May 24 fired the board headed by Volodymyr Cherniavsky.
New members of the board have not been elected, but it is absent DTEK-controlled power grid companies, while the director general is in charge of operative management.
The Ukrainian airline SkyUp from May 25, 2019 started servicing regular flights from Kharkiv and Zaporizhia to Barcelona (Spain).
Regular flights on the Kharkiv-Barcelona and Zaporizhia-Barcelona routes will be operated twice a week: on Wednesdays and Saturdays. These are the first direct flights from Kharkiv and Zaporizhia to Barcelona.
The cost of one-way tickets for the flight from Kharkiv starts from UAH 2,900.
In addition, in summer, SkyUp will also operate charter flights from Kharkiv to Sharm el-Sheikh (Egypt), Tivat (Montenegro), Monastir (Tunisia) and Antalya (Turkey).
Along with flights to Barcelona, in the coming months, the airline will launch regular flights from the Kharkiv International Airport to five destinations at once: June 2 to Odesa and Rimini (Italy), June 4 to Kutaisi (Georgia), June 6 to Larnaca (Cyprus), and on June 11 to Paris (France).
The airline also said that flights to Barcelona from Odesa will be operated during the summer navigation period – from May 25 through October 26. The one-way ticket price starts from UAH from 2,500.
SkyUp Airline LLC was registered in Kyiv in June 2016. The founder of SkyUp was ACS-Ukraine belonging to Tetiana Alba and Yuriy Alba, who also own JoinUp! tour operator.
Delta Wilmar is buying the Chumak food producer from Dragon Capital.
“Chumak is one of the largest food producers in Ukraine. Delta Wilmar is buying the entire company,” Delta Wilmar CEO Yuri Golyanich said in an interview with Interfax-Ukraine.
Details of the transaction will be known early this week.
According to the information on the website of the Antimonopoly Committee of Ukraine, the regulator agreed on the purchase of Flottotrade Limited by Crestone Investments Limited (both from Cyprus).
Crestone Investments owns Chumak subsidiary LLC. The ultimate beneficiary is the head of Dragon Capital Tomas Fiala.
Chumak is the largest producer of food products: canned vegetables, sauces, ketchups, pasta, mayonnaise, desserts. The company also produces products for retail chains and HoReCa under the private label.
The volume of services rendered by enterprises in Ukraine in January-March 2019 amounted to UAH 215.2 billion, which in comparable prices is 2.7% more than the level of the same period in 2018, according to the State Statistics Service of Ukraine.
According to its data, the volume of services rendered to the population was 21.1% of the total volume of services provided.
The authority recalled that in January-March 2018, the volume of services rendered by enterprises in Ukraine grew by 3%, in April-June 2018 – by 5.8% and in July-September 2018 – by 4.8%.
