Business news from Ukraine

BORYSPIL AIRPORT CONTINUES TALKS WITH RYANAIR

KYIV. April 3 (Interfax-Ukraine) – State-run enterprise Boryspil International Airport (Kyiv), the largest airport of Ukraine, continues commercial talks with the largest European low cost airline – Ireland’s Ryanair. Today the airport cannot give its consent to the conditions proposed by the airline.
An Interfax-Ukraine correspondent has reported that Boryspil International Airport Pavlo Riabikin gave the information to journalists in Kyiv last week.
“The airport cannot give the tariffs asked by Ryanair, even taking into account all discounts,” he said.
He said that Boryspil proposed its public offer to the airline, but to meet the conditions of Ryanair amendments to the resolutions of Ukrainian Infrastructure Ministry regulating the tariffs and discounts for all airlines are required.
As reported, the largest European low-cost airline Ryanair in October 2017 intends to launch its flights for four destinations flying from Kyiv and seven from Lviv.
Ryanair Chief Commercial Officer David O’Brien said at a briefing in Kyiv that flights to Eindhoven, London, Manchester and Stockholm will be launched from Kyiv. It is planned to service 15 flights a week.
From Lviv Ryanair will fly to London, Eindhoven, Berlin, Memmingen, Krakow, Wroclaw and Budapest.
O’Brien said that flights from Lviv to Eindhoven, London, Berlin, Budapest and Memmingen will be serviced twice a week and to Krakow and Wroclaw – three times a week. Flights from Kyiv to Eindhoven and Manchester will be serviced three times a week, Stockholm – four times and London – five times a week. In general, the airline intends to annually carry 250,000 passengers each from Kyiv and Lviv.
O’Brien said that Ukraine will become the 34th country in the airline’s chain.
“This year we will carry 120 million passengers and next eight years we will add 10 million passengers a year,” he said.
Asked if the airline’s planes are based in Ukraine, he said: “Not now, but this is a good issue to discuss. Another issue for the future could be cooperation with Ukraine International Airlines.”

DTEK SIGNS CONTRACT WITH MOLDOVAN ENERGOCOM FOR UKRAINIAN ELECTRICITY SUPPLY FROM APRIL 1

KYIV. April 3 (Interfax-Ukraine) – DTEK Trading (Ukraine) and Energocom (Moldova) have signed a contract for the supply of Ukrainian electricity in the period from April 1, 2017 until March 31, 2018.
Energocom won the tender for electricity supply to the Moldovan markets with its price offer of $50.2 per 1 MWh, according to a report on the website of the Economy Ministry of Moldova.
The Moldovan Regional Hydro-Electric Power Plant which is located in Transdniestria and belongs to the Russian-owned Inter RAO originally offered electricity supplies at $58.5 per 1 MWh but later reduced the price to $54.4 per 1 MWh.
According to the ministry, the difference between the final prices proposed by the participants will allow saving about 300 million lei.

UKRAINE’S REFORMS PROGRESS OPENS UP NEW POSSIBILITIES FOR ECONOMIC COOPERATION WITH ITALY

KYIV. April 3 (Interfax-Ukraine) – During the consultations with Deputy Foreign Minister of Ukraine Olena Zerkal held on March 31, Italian Deputy Foreign Minister Vincenzo Amendola stressed Italy’s interest in strengthening mutually beneficial relations with Ukraine in economic sphere, in particular in the field of energy and small and medium enterprises, the Ukrainian Foreign Ministry reported on its website.
“In this view, both sides emphasized the significance of holding the next meeting of the Ukrainian-Italian Council on Economic, Industrial and Financial Cooperation,” the report reads.
Zerkal stressed that Ukraine’s cooperation with Italy is getting a special meaning particularly in terms of vast prospects both for bilateral interaction and in the European context.
Amendola also said that Italy hasn’t changed its position on keeping the EU sanctions against Russia in place, noting the importance of the full implementation of the Minsk Agreements.

GERMANY’S KFW TO PROVIDE EUR 300 MLN TO UKRAINE TO SUPPORT SME FINANCING

KYIV. April 3 (Interfax-Ukraine) – Germany’s KfW bank will provide EUR 300 million to Ukraine to support financing of small and medium-sized enterprises (SME) in the country.
According to a press release of the German-Ukrainian fund (GUF), the agreement will be signed by the National Bank of Ukraine (NBU), Finance Ministry of Ukraine and KfW in Kyiv on April 4.
The details of the program will be published after the signing of the agreement.
The German-Ukrainian fund was created in 1999. Its founders are the NBU, Finance Ministry and KfW.

BUSINESS NGOS, MEDICAL WORKERS DEMAND COMPREHENSIVE HEALTH CARE REFORM

Business non-governmental organizations (NGOs), medical workers and scientists demand that the Ukrainian government propose a national strategy for developing Ukraine’s health care system and involve professionals in the review of the state of health care. A respective address was sent to the President of Ukraine, the Verkhovna Rada and the Cabinet of Ministers following debates at the Ukrainian League of Industrialists and Entrepreneurs (ULIE).
The document was signed by the heads of the ULIE, the Federation of Employers in the Health Care Sector, the National Academy of Medical Sciences, the League of Insurance Organizations, the Heart Institute under the Health Ministry of Ukraine, the Trade Union of Health Care Workers of Ukraine, and others.
The next step should be the creation of an expert council under the Cabinet of Ministers for the development of a national strategy. The latter should clearly define national policy on health care, form the basis for drafting detailed programs, specifying technology, human resources, infrastructure, and the sources of funding that will be involved.
The document stresses the need for a clear analysis of the current state of the health care sector in Ukraine and the health of its citizens. Its findings will become the basis of an annual national report.
Health care workers and their partners from NGOs hope for the beginning of joint work with government officials and parliamentarians in health care reform.