Business news from Ukraine

Business news from Ukraine

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

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

One troy ounce=31.10 grams

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THE INTERNATIONAL WOMEN`S DAY WILL BE CELEBRATED IN THE KYIVAN RUS STYLE NEAR KYIV

Ancient Kyiv in the Principality of Kyivan Rus («Kyivan Rus Park») invites to celebrate the holiday of spring and beauty in the Kyivan Rus style.
On March, 7, 8 and 9 a lot of entertainment and original performances will be waiting for the guests: horse shows, demonstrative performances based on the ancient equestrian martial arts, horse riding, museums, expositions, a variety of dishes prepared on open fire, round dances, games with prizes, extreme attractions and even the medieval fashion show.
To the holiday of spring and beauty Ancient Kyiv has prepared a present: on March, 8 all the women get a 50 % discount on the entry tickets, and for girls under 18 – a free entrance.
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 200 UAH, for pensioners and students – 150 UAH, for schoolchildren – 80 UAH, for preschool children – for free. Sale: on March, 8 the tickets for girls aged 18 and over – 100 UAH, and for girls under 18 – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv. You can go by your own car or public transport from the «Vydubychi» metro station.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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LEADERS OF HOUSING COMMISSIONING IN UKRAINE IN 2019 ARE KYIV CITY AND REGION, LVIV, ODESA. IVANO-FRANKIVSK

Housing commissioning in Ukraine in 2019 increased 26.9% compared to 2018, to 11.029 million square meters. According to the service, the share of commissioning of houses built without permits for construction work and put in operation under temporary commissioning rules was 23.7% (2.622 million square meters).
According to the report, 6.807 million square meters of housing was commissioned in urban areas in 2019, and 4.223 million in rural areas. Some 53% of total volume of housing was commissioned in single-family houses, and 46.9% in houses with two and more apartments.
Over the period, 125,986 apartments were commissioned, including 87,823in urban areas and 38,163 in rural areas. Average area of apartments was 87.5 square meters.
Some 55.4% of housing was commissioned in Kyiv city and region, as well as Lviv, Odesa and Ivano-Frankivsk regions in 2019, in particular in Kyiv city – 1.114 million square meters.

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22,000 HOUSEHOLDS IN UKRAINE INSTALL PV PANELS IN 2019

About 22,000 Ukrainian households installed photovoltaic (PV) panels in 2019 and use clean electricity, the press service of the State Agency of Energy Efficiency and Energy Saving has reported.
So, as of January 1, 2020, about 22,000 households in the country use clean electricity, having invested about EUR 450 million in PV panels. The total capacity of the installed panels exceeds 553 MW.
“Thanks to solar panels, families save on electricity bills, independently provide for their energy needs, become energy-efficient, have more motivation to use energy-efficient household appliances,” the authority said.
The leaders among the regions in the use of clean electricity are: Dnipropetrovsk – 2,700 MW, Ternopil – more than 2,000 MW, and Kyiv – almost 1,800 MW.
As reported, as of October 1, 2019, about 15,000 households had established PV panels in Ukraine, having invested EUR 300 million in them

METINVEST INTERNATIONAL VERTICALLY INTEGRATED MINING AND METAL GROUP CUTS NET PROFIT IN 2019

Metinvest B.V. (the Netherlands), the parent company of the Metinvest international vertically integrated mining and metal group, cut net profit by 71.5% in 2019 compared with 2018, to $341 million from $1.188 billion with the decline in margin by 7 percentage point (pp), from 10% to 3%.
According to the audited consolidated financial results for 2019 released by the company on Wednesday, its revenue for decreased 10%б to $10.757 billion, earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 52%, to $1.213 billion with a drop in margin of 10 pp, to 11% from 21%.
The total debt of the company in 2019 increased 11% compared to 2018, to 3.032 billion from $2.743 billion. At the same time, cash and cash equivalents decreased 2%, to $274 million from $280 million.
Net debt grew by 12%, to $2.758 billion.
Capital investment increased 17%, to $1.055 billion from $898 million.
The main shareholders of Metinvest are SCM Group (71.24%) and Smart Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.

STATE AVIATION SERVICE OF UKRAINE PERMITS WINDROSE TO FLY TO BERLIN, SKYUP TO INSTANBUL, UIA TO LARNACA

The commission of the State Aviation Service of Ukraine has decided to recommend the head of the authority to authorize Windrose to operate the Dnipro-Berlin (Germany) line for regular flights for an indefinite period of time (three times a week), according to a posting on the website of the regulator.
In addition, Jonica Airlines was allowed to fly from Odesa to Prague (Czech Republic) from March 29, 2020 for an unlimited period four times a week, Eleron Airlines from Lviv to Tel Aviv (Israel) from April 1 three times a week, SkyUp from Odesa to Istanbul (Turkey) for an unlimited period of time four times a week, and Ukraine International Airlines (UIA) from Zaporizhia to Larnaca (Cyprus) for an unlimited period of time twice a week.
In addition, it was decided to increase the number of Windrose’s flights on the following lines: Kyiv-Dnipro-Kyiv (from 21 to 26 flights per week), Kyiv-Odesa-Kyiv (from three to 21 flights per week), Kyiv-Mykolaiv-Kyiv (from five to seven flights per week). The number of Azur Air Ukraine flights on the routes Kyiv-Dalaman (Turkey)-Kyiv (from two to five flights a week) and Kyiv-La Romana (Dominican Republic)-Kyiv (from two to five flights a week) has also been increased.
At the same time, the State Aviation Service left the Windrose’s application without consideration regarding obtaining rights to operate the following lines: Kyiv-Zaporizhia-Kyiv, Kyiv-Odesa-Kyiv, Kyiv-Lviv-Kyiv, Kyiv-Kherson-Kyiv, Kyiv-Kharkiv-Kyiv (all – three flights a week), as well as Kyiv-Dnipro-Kyiv (five flights a week).
In addition, the regulator decided not to allow SkyUp to obtain rights to operate the Kyiv-Venice (Italy)-Kyiv (two flights a week), Lviv-Venice-Lviv (two flights a week), Kyiv-Istanbul-Kyiv (three flights a week), Kyiv-Prague-Kyiv (seven flights a week) and Azur Air Ukraine to operate the Kyiv-Istanbul-Kyiv (seven flights a week) and Kyiv-Bodrum (Turkey)-Kyiv lines.

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