Business news from Ukraine

SLOVAK LOGISTICS COMPANY IS INTERESTED IN RESTORATION OF UZHGOROD INTERNATIONAL AIRPORT

Vedecko-vyskumna A.C. logistics company (Slovakia) is interested in the restoration of the full-fledged work of Uzhgorod International Airport.
According to the press service of Zakarpattia Regional State Administration, its head Hennadiy Moskal held a meeting with the leadership of Vedecko-vyskumna A.C., which was conducted by former Ukrainian MP Serhiy Moshak.
During the meeting, the head of the regional administration noted that after the termination of the relevant interstate agreement between Ukraine and Slovakia, the airport serves aircraft only in line of sight.
“Since UkSATSE’s equipment installed in Uzhgorod is obsolete and does not meet the requirements of the European Union, there is practically no hope of re-signing an interstate agreement between Ukraine and Slovakia, Therefore the timeliest launch of a full-fledged work of the airport is possible if it is taken into concession by a company from the EU. The only condition of Zakarpattia Regional State Administration and the regional council for concessionaires in case of successful resolution of the issue is the restoration of regular air service between Uzhgorod and Kyiv,” the report says.
President of the Slovak company Robert Spisak noted if the project is implemented, at the initial stage it is ready to launch three weekly flights to Bratislava, Uzhgorod, Kyiv, and in future to introduce flights from Uzhgorod to Budapest, Vienna, Prague, and the resorts of Turkey, which are very popular during holidays.

YULIA TYMOSHENKO TOPS PRESIDENTIAL RATING IN UKRAINE

If presidential elections in Ukraine were held at the end of February 2018, the most number of votes would be received by Batkivshchyna Party leader Yulia Tymoshenko – 24.6% of all surveyed who planned to vote and selected a candidate.
According to the poll conducted by the Kyiv International Institute of Sociology (KIIS), 15.5% of respondents said they would vote for Radical Party leader Oleh Liashko, 9.8% for incumbent Ukrainian President Petro Poroshenko, 9.7% for Opposition Bloc leader Yuriy Boiko, 9.5% for leader of the Za Zhyttia (For Life) Party Vadym Rabinovich.
Some 4.9% of respondents favored Lviv Mayor Andriy Sadovy, 3.9% gave their votes for Ukrainian Prime Minister Volodymyr Groysman, 3.8% for Svoboda Party leader Oleh Tyanhybok
The poll was taken from February 5 to February 21, 2018 “at the instructions of a client.” Some 2,043 persons living in 110 towns and cities across Ukraine’s regions (except in Crimea) were surveyed. Only areas under Ukrainian government control in Luhansk and Donetsk regions were included.
The statistical margin of error does not exceed 3.3% for indicators close to 50%, 2.8% for indicators close to 25%, 2.0% for indicators close to 10%, and 1.4% for indicators close to 5%.

CONFECTIONARY COMPANY KONTI SEES UAH 92.45 MILLION LOSS IN 2017

Public joint-stock company Konti industrial association (Donetsk region), a large Ukrainian confectionary company, saw UAH 92.45 million in net loss in 2017, which is 78.7% less than a year ago (UAH 431.14 million). According to a company report on holding a general meeting of its shareholders scheduled for April 20, the company’s assets slightly changed, reaching UAH 2.44 billion.
Undistributed profit fell by 15.5% in 2017, to UAH 484.93 million, noncurrent liabilities fell by 60%, to UAH 231.72 million, while current liabilities grew 1.5-fold, to UAH 1.35 billion. Total bills receivable rose by 17.9%, to UAH 473.45 million.
Public joint-stock company Konti industrial association is part of Konti Group founded in 1997. The group’s main production assets are Donetsk, Kostiantynivka, Horlivka confectionery factories (Ukraine) and two factories in Kursk (Russia). Its main brands are Amour, Bonjour, SuperKontik, Belissimo, BisKonti, Belissimo and others. The main beneficiary of Konti is Borys Kolesnikov.

WEEKLY CHANGES OF RETAIL FUEL PRICES IN UKRAINE

Average retail prices for petrol and diesel fuel in Ukraine in the period from March 12 to March 19, 2018 fell by 0.4-0.5%, while the prices of liquefied petroleum gas (LPG) decreased by 2.4%, according to data from the A-95 Consulting Group (Kyiv).
As reported, average retail prices for petrol in Ukraine for 2017 increased by 19.2-20.1% (by UAH 4.61-4.76 per liter), for diesel fuel by 22.6% (by UAH 4.84 per liter). At the same time, average prices for liquefied petroleum gas (LPG), despite a sharp increase in August due to deficit, showed an increase of only 2.9% for the year (by UAH 0.36 per liter).
Changes in average retail fuel prices UAH per liter in Ukraine:

©Source: A-95 Consulting Company

LEADER OF EXPRESS DELIVERY IN UKRAINE “NOVA POSHTA” DEMANDS HALT OF PRESSURE ON BUSINESS FROM AUTHORITIES

Nova Poshta group of companies, the leader of express delivery in Ukraine, demands to immediately stop criminal proceedings against it and pressure on business. According to an Interfax-Ukraine correspondent, this was stated by co-founder of the group Viacheslav Klimov during a press conference at Interfax-Ukraine dedicated to searches in the offices of Nova Poshta conducted by the Prosecutor General’s Office of Ukraine on Friday, March 16.
“At the same time, I want to emphasize that we are ready to answer any questions of law enforcers through civilized requests, through meetings, and not in the form of forceful actions, searches and interrogations. Our lawyers, the employees of financial directorates are ready to cooperate and answer any questions, but we want this to be made not in blocked offices, not within eight hours, not in the format of searches, interrogations, and arrests,” he said.
According to Klimov, Nova Poshta reminds the authorities and demands them to fulfill the promise to create a financial investigations service that will deprive the appropriate forces of relevant powers and will become an analytical service without force instruments as in the entire civilized world.
“We are sure that the effectiveness of this kind of activity will grow at once, which will influence the budget of our law enforcement bodies. We also demand that the moratorium on inspections, which has recently expired and inspections immediately resumed and became more aggressive, be renewed,” Klimov added.

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UKRAINIAN PRESIDENT CALLS ON INVESTORS FROM KUWAIT TO PARTICIPATE IN PRIVATIZATION

Ukrainian President Petro Poroshenko has discussed ways of intensification of financial and investment cooperation between Ukraine and Kuwait with Managing Director of the Kuwait Investment Authority Farouk A. Bastaki and the leadership of the Kuwait Fund for Arab Economic Development. “The parties discussed ways of intensification of financial and investment cooperation between Ukraine and Kuwait, as well as further joint practical steps in this direction,” the press service of the president reported on Monday.
Poroshenko informed the meeting participants about the latest changes in the Ukrainian legislation aimed at facilitating the activity of foreign investors. The head of state invited the Kuwaiti business to expand investments in Ukraine and called on Kuwaiti investors to take part in privatization in Ukraine.