Business news from Ukraine

Business news from Ukraine

UKRAINE, POLAND PLAN A HIGH-SPEED RAILWAY COMMUNICATION BETWEEN CAPITALS

Germany has prepared a loan for Ukraine to develop projects in the hydrogen energy and plans to provide further financial assistance in this sector, German Foreign Minister Annalena Baerbock has said.
“We, like the EU, invest in many projects in Ukraine. Therefore, the last time I made it clear that with regard to hydrogen, we will implement projects together with German business. Therefore, we have prepared a financial loan and are planning further financial assistance in this sector, because we, as a partner, are on the side of Ukraine,” Baerbock said at a press conference with Ukrainian Foreign Minister Dmytro Kuleba in Kyiv on Monday.
In turn, Kuleba said that Ukraine and Germany agreed on concrete further steps in this area.
“We all know the subject of Nord Stream 2, but our countries do not live by it alone. We have a serious future that we want to create around renewable energy sources. In this regard, we paid special attention to projects in hydrogen energy, which should ideally connect our economies and be mutually beneficial for our states. We agreed on concrete further steps in this area,” the head of the Ukrainian Foreign Ministry said.

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UKRAINE INTERNATIONAL AIRLINES CARRIES 61% MORE PASSENGERS IN 2021

Ukraine International Airlines (UIA) carried 2.790 million passengers in 2021, which is 61% more than in 2020, but 65% less than in pre-COVID 2019. According to the press service of the company, in particular, 1.582 million passengers were transported on charter flights over the past year (against 595,300 in 2020, 1.030 million in 2019), on regular flights – 1.207 million (1.133 million and 6.937 million respectively).
In total, UIA operated 20,600 flights in 2021, which is 45% more than in 2020 and 65% less than in 2019. Regular flights, in particular, amounted to 11,700 (10,600 in 2020, 52,800 in 2019), charter flights – almost 9,000 (3,600 and 5,500 respectively).
In addition, UIA transported 4,400 tonnes of cargo and mail last year compared to 7,400 tonnes in 2020 and 21,600 tonnes in 2019.
The company also notes that in 2021 UIA returned about $33 million to passengers for canceled flights due to COVID-19. In total, for the entire period of work in crisis conditions during the pandemic from April 2020 to December 31, 2021, the company returned about $57 million
“The transformation and optimization of UIA’s operational work in 2020-2021 resulted in an obvious change in the trend towards stabilization even during the crisis period, which became possible due to the adaptation of the company’s business model from network to hybrid and a significant reduction in costs,” the air carrier said.

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UKRAINE, POLAND PLAN A HIGH-SPEED RAILWAY COMMUNICATION BETWEEN CAPITALS

Ukraine and Poland are jointly developing a plan for the implementation of a high-speed rail link between Kyiv and Warsaw and are preparing for its presentation at the level of the European Union.
The Ministry of Infrastructure of Ukraine reported on its Facebook page these are the results of the visit of head of the department Oleksandr Kubrakov, his deputy Mustafa Nayyem and head of Ukrzaliznytsia Oleksandr Kamyshin to Poland.
According to the agency, the construction of the Kyiv-Warsaw eurotrack will reduce the travel time from one capital to another by rail by four hours.
In addition, during the negotiations, the reconstruction of the section Malhowice-Nyzhankovychi on the Ukrainian-Polish border, which has not been operated since 1995, was discussed. Currently, the search for sources of financing for this project is underway.
As reported, JSC Ukrzaliznytsia from February 10, 2022 removes all restrictions on rail transit to Poland.

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NOVA POSHTA WANTS TO CHANGE LOGISTICS TO BDF CONTAINERS BY 2025

The Nova Poshta group of companies plans to transfer all logistics to BDF containers by 2025, Director of Nova Poshta Oleksandr Bulba said at the opening of the DAO innovative terminal in Dnipro last week.
According to him, the company has been implementing the decision to switch from conventional trucks to BDF containers since 2017. Containers are produced at three plants in Cherkasy region – MOKAVTO, SmilaMash and Intercargo. A total of 1,900 units have already been manufactured. They are used to deliver 100% of parcels and documents.
“In 2022, we will receive another 700 BDF containers. This will allow us to deliver up to 55% of cargo to this format. The task is to bring the fleet to 4,000 BDF containers and completely transfer all logistics, both parcels and cargo, by 2025,” Bulba said.
The Nova Poshta group of companies includes, in particular, Nova Poshta, NP Logistic, NovaPay and Nova Poshta Global companies. The company’s network has more than 9,900 branches throughout Ukraine, the number of shipments for 2021 exceeded 372 million. In 2021, the group transferred UAH 6.4 billion of taxes and fees to the country’s budget.

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LVIV AIRPORT TRIPLES TRAFFIC IN JAN

Lviv International Airport in January 2022 increased passenger traffic to 139,286 people, which is 3.18 times more compared to January 2021.
According to a message on the airport’s official Facebook page, the number of flights serviced in January grew by 2.3 times, to 1,472 from 642 flights in January 2021. Of these, 1,157 flights were made on international routes (an increase of 136.6%) and 315 were domestic flights (an increase of 5.9%).
In general, during the reporting period, the airport serviced 124,442 international and 14,844 domestic passengers.
As reported, Lviv Airport in 2021 increased passenger traffic to 1.834 million people, which is 108.8% more than in 2020.
Lviv International Airport in 2020 cut passenger traffic by 60% compared with 2019, to 878,500 people.

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