Business news from Ukraine

CABINET OF MINISTERS APPROVES CONCEPT FOR DEVELOPMENT OF BORYSPIL AIRPORT UNTIL 2045

The Cabinet of Ministers of Ukraine at a Wednesday meeting approved a concept for development of the Boryspil international airport until 2045, with investment of UR 3.4 billion and the increase in passenger flow to 53.9 million passengers a year (today 12 million passengers a year).
As noted in the airport’s development concept, which Interfax-Ukraine has, the airport should provide services in 2019 to 14.4 million passengers, in 2030 to 27.7 million passengers, in 2040 to 44.3 million passengers and in 2045 to about 53.9 million passengers.
It also planned that additional land parcels of about 600 hectares will be allocated for the development of airport infrastructure at the expense of land owned or used by individuals or legal entities.
For the delivery of cargoes, the construction of a separate road to the industrial and technical zone on the south side of the airport and the possibility of building an underground railway to the airport’s central terminal are envisaged.
Boryspil International Airport is the main airport of Ukraine, occupying a total area of about 1,000 ha. The airport has two runways: one with a length of 4,000 meters and a width of 60 meters, and the second with a length of 3,500 meters and a width of 63 meters. Four passenger terminals, postal and cargo handling complexes are located on the territory of the airport.

UTG CONSULTING COMPANY MOVES TO GULLIVER BUSINESS CENTER

UTG consulting company (Kyiv) from May 1, 2019 moved from the Parus business center to a new office located in the Gulliver business center at 1A, Sportyvna Street, the press service of the company has told Interfax-Ukraine. “Since May 2019, UTG has been meeting its partners and visitors in a new office located in the Gulliver class A business center. Along with the expansion of the working space, UTG has increased its staff, thereby increasing the efficiency of service provision,” the company said.
According to the report, the increase in staff resulted from the merger of the offices of UTG and DC Evolution. In particular, the number of employees has grown to more than 50 people.
The new office of the companies is located on the 27th floor in A tower.
President of DC Evolution developer Ihor Melnyk acquired a stake in the share capital of the Ukrainian Trade Guild (UTG, Kyiv) and became a member of the board as vice-president in 2016.
UTG (Kyiv) was founded in 2011. Its core business is accompanying of development projects.
More than 100 real estate projects were launched with the participation of UTG. Among them are Lavina Mall, New Way, Ocean Plaza, Gulliver, Piramida and Komod shopping centers (all based in Kyiv), Megamall (Vinnytsia), Most City Center (Dnipro), French Boulevard (Kharkiv) and Global.UA shopping centers (Zhytomyr).
According to the unified public register of legal entities and individual entrepreneurs, as of April 1, 2019, the share of 30% in the share capital of UTG LLC (Kyiv) belongs to Melnyk, 65% to Vadym Neposedov, and 5% to Artem Neposedov.

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STATE-RUN UKRAVTODOR WILL GET 12 WEIGHT-IN-MOTION COMPLEXES MADE BY CANADIAN-BASED INTERNATIONAL ROAD DYNAMICS

Canadian-based International Road Dynamics Inc. (IRD) and Quarterhill Inc. in conjunction with the Ukrainian companies SEA Electronics and Avtomagistral-Pivden will supply 12 Weight-in-Motion (WiM) complexes worth $6.4 million, including installation work, to the State Agency of Automobile Roads of Ukraine (Ukravtodor).
According to an IRD press release posted on the PR Newswire information disclosure service owned by Cision, the project includes the supply and installation of 20 WiM lines on six sections of highways around Kyiv, as well as the delivery of an auxiliary system.
“The implementation of this project is the first step in building a common ITC system, which consists of WiM, traffic control, speeding control, and tolling. By the end of the year we plan to develop and approve a program for 200-250 such points throughout the country. We must save taxes that taxpayers spend on restoring Ukrainian roads,” Head of Ukravtodor Slawomir Nowak told Interfax-Ukraine.
The press service of Ukravtodor told the agency funds for the project implementation are issued by the World Bank, and in total it is planned to purchase 12 WiM complexes produced by IRD within the framework of this contract.

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SWISS NESTLE BUILDS UP 100% STAKE IN UKRAINIAN VOLYNHOLDING

The Swiss company Nestle has bought a 9.5% stake in PrJSC Volynholding (the Torchyn brand), the largest producer of ketchup, mayonnaise, sauces and seasonings.
According to a company report in the information disclosure system of the National Securities and Stock Market Commission, after the purchase, the share of Nestle in Volynholding became 100%.
According to the report dated September 13, 2018, the company decided to sell 1,900 previously purchased shares to Volynholding’s shareholder. This stake, owned by the company, was 9.5%.
The net income of Volynholding in 2017 amounted to UAH 1.3 billion (7.5% more), net profit some UAH 89.1 million (0.8% more). Information for 2018 is not yet available.
PrJSC Volynholding produces ketchup, mayonnaise, sauces, pickles, mustard, dressings and spices under the Torchyn brand.
Nestle in Ukraine and Moldova has more than 5,500 employees. The company in Ukraine has three production sites (in Kharkiv, Lviv, and Torchyn, Volyn region), as well as one of the five Nestle service centers in the world – Nestle Business Service (NBS Lviv).

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UKRAINIAN ENTERPRISES RAISE PRETAX PROFIT BY 23.6% IN 2018

Enterprises and organizations in Ukraine in 2018 raised profit from ordinary activities before taxation by 23.6%, to UAH 353 billion, while in 2017 the figure was UAH 285.6 billion, according to the State Statistics Service of Ukraine.
According to the service, in 2018, profitable Ukrainian enterprises received UAH 579.96 billion of profit, which is 4.1% more than in 2017.
At the same time, 22.9% of enterprises posted a negative financial result. Their losses in 2018 decreased by 16.4% compared to 2017, to UAH 227 billion.

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MYKOLAIV SEAPORT RAISES FREIGHT TRANSSHIPMENT BY 26%

Mykolaiv seaport in January-March 2019 increased cargo handling by 26.2% compared with January-March 2018, to 8.117 million tonnes.
According to the data of the Ukrainian Sea Ports Authority, during this period the port increased the transshipment of exported cargo by 30.72%, to 6.247 million tonnes, imported cargo by 26.67%, to 1.606 million tonnes, and coastal freight handling by 12.75%, to 263,470 tonnes. The port did not transship transit cargo.
In January-March 2019, the port increased the transshipment of liquid cargo by 0.1%, to 764,830 tonnes, increased dry bulk freight by 28.1%, to 6.3 million tonnes, packaged ones by 40.32%, to 1.052 million tonnes.
As reported, Mykolaiv seaport in 2018 increased cargo handling by 24.09% compared with 2017, to 29.2 million tonnes.
Mykolaiv seaport has an area of 97.3 ha and a water area of 224.5 ha. It is connected to the Black Sea by the Buho-Dniprovsko-Lymansky canal. The port has 15 berths with a total length of 2.962 km.

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