Business news from Ukraine

Business news from Ukraine

UKRAINE REDUCES OIL TRANSIT TO EUROPEAN COUNTRIES IN 2018

Oil transit through the territory of Ukraine to European countries in 2018 decreased by 4.3% (602,400 tonnes) compared with 2017, to 13.335 million tonnes, according to Ukrtransnafta. According to Interfax-Ukraine calculations, the volume of oil pumping to the refineries of the country in 2018 increased by 0.2% (4,500 tonnes), to 2.101 million tonnes.
Thus, last year the share of transit in the total volume of oil transportation (15.436 million tonnes) amounted to 86.4%, the share of pumping to the country’s refineries was 13.6%.

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LVIV INTERNATIONAL AIRPORT INCREASES PASSENGER TRAFFIC BY 48%

Lviv International Airport in 2018 increased passenger traffic by 48% compared with 2017, to 1.598 million people, according to the airport’s official page on Facebook. The number of serviced flights in 2018 rose by 29%, to 15.429. Some 1.39 million passengers were transported on international flights, and 207,300 people on domestic flights.
The airport in December 2018 carried 129,600 passengers (113,800 on international flights and 15,800 on domestic flights), which is 58% more than in December 2017.
The number of flights made in December reached 1,282 (1,067 international, 215 domestic), which is 34% more than in December last year.
As reported, Lviv airport in January-October 2018 increased passenger traffic by 46.3%, to 1.343 million people.
Lviv International Airport is located 6 km south of the city center.

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STATE-OWNED UKRZALIZNYTSIA RAISES LONG-HAUL PASSENGER TRAFFIC BY 8%

JSC Ukrzaliznytsia in 2018 transported 55.9 million passengers in long-haul trains, which is 7.7%, or almost 4 million people, more than in 2017. According to the company’s website, the company managed to increase railroad passenger traffic despite the decrease in the number of cars. “We used many trains after the night trip as day trains. And then again on a night trip. First of all, it concerns the period of peak traffic, long weekends. We put on about 40 additional trains for these Christmas and New Year holidays, more than 300 trips,” acting head of Ukrzaliznytsia Yevhen Kravtsov said.
At the same time, he stressed that to preserve the traffic volume, the company must annually update the passenger car fleet with at least 200 cars. “Unfortunately, due to low tariffs and unprofitability of this transportation, in this matter we need support from the state, namely, the allocation of funds from the budget of Ukraine for the purchase of passenger wagons as provided for by the law on railway transport,” he stressed.

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TASСOMBANK RAISES CHARTER CAPITAL BY 57.3% DUE TO MERGER OF VS BANK

TAScombank (Kyiv) has increased its charter capital by UAH 420 million, or 57.3%, to UAH 1.153 billion due to the merger of VS Bank (Lviv), TAScombank said in the information disclosure system of the National Securities and Stock Market Commission.
According to the report, Alkemi Limited reduced its share in the charter capital of TAScombank to 63.5% from 99.9%. At the same time, Bailican Limited became the owner of 36.4% of the shares. These companies are owned by Sergiy Tigipko, who indirectly owns 99.93065% of TAScombank.
As reported, in mid-October-2018 TAScombank and VS Bank completed the merger process.
At the beginning of November 2017, the National Bank of Ukraine allowed Tigipko to indirectly purchase a 99.9% stake in VS Bank. The direct buyer was the Cypriot company Bailican Limited. The deal was closed in early December 2017.

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