Business news from Ukraine

Business news from Ukraine

PROJECT OF DUNAYA RESORT IN ODESA REGION TO ATTRACT $2.5 BLN OF PRIVATE INVESTMENTS

The project of the Dunaya resort in Odesa region provides for attracting private investments of $2.5 billion, replenishing the hotel rooms with 20,000 rooms and creating 25,000 jobs, Fazil Askerov, the chairman of the board of the Odesa region tourism association, has said.
“This is the Dunaya resort town. The state company Dunaya. A year-round resort with a gambling zone. It will be located on the spit (part of the spit is a dam) between Sasyk Lake and the Black Sea. More than 500 hectares, the embankment is over 10 km. More than 80 hotels, the smallest with 150 rooms, and the largest with 1,000 rooms,” he said on Facebook.
The project provides for the opening of the first hotels in 2022, Askerov said. According to the plan, the resort will receive the first million tourists in 2025, and by 2030 their number will reach 6 million annually.
“After the quarantine is over, we will definitely hold a public presentation of the project for the general public,” he wrote.
He added that the project was created on the initiative of President of Ukraine Volodymyr Zelensky, the project’s architect was Serhiy Husev’s team, and one of the ideological authors was the chairman of the Verkhovna Rada’s Committee on Economic Development, Dmytro Natalukha. In addition, according to him, Mikheil Saakashvili presented the project at the parliamentary hearings in 2016.

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HUNGARIAN WIZZ AIR READY TO FOCUS ON EXPANSION IN UKRAINE

Wizz Air, the Hungarian low cost airline, invested more than $100 million in a new base at Lviv International Airport, which it is planning to open on July 1, 2020, Wizz Air Chief Commercial Officer George Michalopoulos said.
“When we usually open More…

LARGEST UKRAINIAN TELECOM OPERATOR KYIVSTAR RESHUFFLES SUPERVISORY BOARD

Kyivstar shareholders at an extraordinary meeting on April 28, 2020 made staff changes in the company’s supervisory board.
According to the company, in particular, Yogesh Sanjeev Malik (VEON Chief Technology Officer) and Kirkgez Murat (VEON Group Deputy Chief Financial Officer) were reappointed for three years.
In addition, the company’s shareholders included Alex Kazbegi (VEON Group Chief Strategy Officer), Sergi Herrero (VEON Group Co-Chief Executive Officer) and Kaan Terzioğlu (VEON Group Co-Chief Executive Officer, Board Chairman of Russia’s VimpelCom, previously was the chief executive officer of Turkcell).
At the same time, the shareholders dismissed the head of the supervisory board and removed Kjell Morten Johnsen from the board, and also removed Jacky (Morrissey) Simmonds (VEON Group Chief People Manager) from the supervisory board.
Kyivstar is the largest Ukrainian telecommunications operator. It provides communications and data transfer services based on a wide range of mobile and fixed technologies, including 3G. By the end of 2018, its services were used by about 26.4 million mobile subscribers and about 900,000 fixed Internet customers.

CADOGAN SEES $2.1 MLN OF NET LOSS

British Cadogan Petroleum Plc with assets in Ukraine in 2019 saw $2.102 million of net loss compared with $1.2 million of net profit in 2018, the company has reported on the website of the London Stock Exchange (LSE) on Monday.
According to the report, operating loss was $2.127 million compared with operating profit of $0.403 million in 2018. Gross revenues fell by 60%, to $5.9 million.

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 05/05/20

National bank of Ukraine’s official rates as of 05/05/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MAY 05

Official rates of banking metals from national bank as of May 05

One troy ounce=31.10 grams

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