Business news from Ukraine

PRICES ON PRIMARY HOUSING MARKET IN UKRAINE 5.3% UP IN Q1 2018

Prices on primary housing market in Ukraine grew by 5.3% in January-March 2018 year-over-year, and by 4.3% on the secondary market, the State Statistics Service has reported. According to the agency, the largest rise in prices in the primary housing market was observed for one-room apartments – by 7.2%, while prices for two-room apartments went up by 4.7%, three-room apartments by 2.1%.
In the secondary market, in January-March 2018, prices for one-room apartments rose by 5.9%, those for three-room apartments rose by only 2%, two-room apartments by 4.6%.
As reported, referring to the State Statistics Service, Prices in the primary housing market in Ukraine in 2017 increased by 4.7% compared to 2016, and in the secondary market by 4.5%.

KYIV INTERNATIONAL AIRPORT SEES 50% RISE IN PASSENGER FLOW IN Q1 2018

The Sikorsky Kyiv international airport (Zhuliany) serviced 442,000 passengers in Q1 2018, which is 50.4% more than in Q1 2017. The airport’s press service told Interfax-Ukraine that the number of passengers serviced at the international flights totaled 423,900 and on domestic flights – 18,100. The number of flights in Q1 2018 totaled 5,499 (arrivals and departures), which is 23.3% more than a year ago, including 4,519 international flights and 980 domestic flights.
The most popular international destinations in the first quarter of 2018 are Dubai (the UAE), Minsk (Belarus), Ankara (Turkey), Warsaw (Poland), Budapest (Hungary), Memmingen (Germany), Rome (Italy); and internal – Odesa, Zaporizhia and Lviv. Kyiv International Airport (Zhuliany) is located in the business center of the capital, seven km from the city center. It is the second largest airport in Ukraine in terms of the number of flights and passenger traffic.
The airport has three terminals with a total area is 21,000 square meters. Terminal B is separate facility for business-class service, it is part of the Fixed Base Operator (FBO) system. The airport’s runway is able to handle B-737 and A-320 aircraft.

,

GERMAN FIXIT GRUPPE TO BUILD DRY CONSTRUCTION MIXES PLANT IN UKRAINE

FIXIT Gruppe (Germany) would build a dry construction mixes plant in Pustomyty district of Lviv region, the press service of the Lviv Regional Administration has reported. Head of the investment policy department of the Lviv Regional Administration Roman Matis said that it is planned to start building the plant in June and finish in winter before strong frosts. “Within three weeks, the company must provide us with all the documents for permitting them to start construction. If we have any difficulties, we will try to help. Construction will begin in June,” he told Interfax-Ukraine.
According to Matis, the plant will produce dry building mixes under the Kreisel trademark, in particular, primers, waterproofing materials, mixes for floors, grout and masonry, glue mixes, plasters, building paints, and other products.
He recalled that one plant of FIXIT Gruppe already produces goods under the Kreisel trademark in Fastiv (Kyiv region). This product is in great demand in the market of Western Ukraine, which prompted the company to build a plant in Lviv region.
The new plant near Pustomyty will create about 70-80 jobs, and most of the production processes will be automated. According to the Lviv Regional Administration, FIXIT Gruppe is part of the Hazlberger Group, one of the largest producers of dry building mixes in the EU, primarily in Germany, Switzerland and Austria. FIXIT Gruppe was established in 2006. It has 68 production sites in 19 countries. The headquarters is located in Switzerland.

, ,

MAJOR ELECTRIC ENERGY PRODUCING COMPANY CENTRENERGO TO PAY UAH 1.42 BLN IN DIVIDENDS FOR 2017

Shareholders in Ukraine’s major electric and thermal energy producing company Centrenergo have approved the payment of dividends for 2017 in the amount of UAH 1.418 billion, or UAH 3.84 per share. Centerenergo will pay UAH 1.1 billion in dividends to the state alone on the results of financial and economic activities in 2017,” Acting head of the State Property Fund Vitaliy Trubarov wrote on Facebook. He recalled that the state owns a 78.2% stake in Centrenergo.
Under the law, the funds should be transferred to the national budget before July 1 this year, he said.
According to the minutes of the shareholders’ meeting, it was decided to allocate 75% of net profit to pay dividends, while for 15% will be spent on replenishment of the reserve fund, and another 10% on the production development fund.
As reported, Centrenergo in 2017 increased its net profit by 4.9 times (by UAH 1.504 billion) compared to 2016, to UAH 1.891 billion. The company’s revenue grew by 2.1%, to UAH 10.919 billion, and its total value of assets increased by 17.4%, to UAH 10.074 billion. The minutes also said that Centrenergo’s undistributed profit had amounted to UAH 2.966 billion as of the beginning of 2018.

, , ,