Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 24/12/19

National bank of Ukraine’s official rates as of 24/12/19

Source: National Bank of Ukraine

INTEGRITES BECOMES THE ONLY LAW FIRM IN UKRAINE WITH TWO EXPERTS RECOGNIZED BY WWL: ARBITRATION 2020

INTEGRITES becomes the only Ukrainian law firm to receive recognition of two arbitration experts out of eight representing Ukraine in the international guide Who’s Who Legal: Arbitration 2020. The recently published edition of the guide acknowledges outstanding expertise of Olena Perepelynska, partner and head of International Arbitration at INTEGRITES, and ranks her one of the leading arbitration practitioners. For the third year in a row the guide recognises Serhii Uvarov, counsel, International arbitration and Cross-Border Litigation, among Future Leaders-Non-partners – an honour that is presented annually to young experts, aged 45 or under.
Serving as the President of the Ukrainian Arbitration Association and Member of the ICC International Court of Arbitration, and having over 16 years of experience in international commercial arbitration, Olena Perepelynska is one of the leading experts in the regional arbitration community. She focuses on international arbitration and cross-border dispute resolution, with particular expertise in agribusiness, retail, and natural resources. Since 2003, she has acted as an arbitrator and counsel in more than 120 arbitrations under the arbitration rules of the ICC, LCIA, SCC, SCAI, ICAC at CCIRF, ICAC and MAC at UCCI, IAC at the BelCCI, GAFTA, FOSFA, LMAA, UNCITRAL.
Who is Who Legal: Arbitration 2020 says that Olena Perepelynska is “an eminent arbitration practitioner”, distinguished as “a very dynamic and hard-working lawyer with a strong intellect”.
Serhii Uvarov focuses on the areas of commercial and investment arbitration, arbitration-related litigation and cross-border commercial litigation with particular expertise in energy sector, including renewables. He has been involved in arbitral proceedings under the LCIA, SCC, ICC, UNCITRAL, JAMS, LMAA, ICAC at CCIRF and ICAC at UCCI arbitration rules. He has represented Ukrainian state authorities and state companies before foreign courts and international tribunals. Serhii has also advised clients on transnational insolvency, fraud investigations including anti-bribery probes and enforcement of foreign judicial and arbitral awards in Ukraine. Since 2017, Serhii has served as the Secretary General of the Ukrainian Arbitration Association.
Who is Who Legal: Arbitration 2020 says that he “has great expertise and a very strong professional track-record” in arbitration. One peer commented: “Without a doubt, Serhii is a future star of arbitration in Europe.”
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Since 1996, Who’s Who Legal has identified the foremost legal practitioners in multiple areas of business law. WWL features over 24,000 of the world’s leading private practice lawyers and 2,500 consulting experts from over 150 national jurisdictions. WWL Arbitration lists 1926 practitioners from 1267 firms in 97 jurisdictions across this practice area.

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UKRAINE WILL REST TWICE FOUR DAYS RUNNING ON NEW YEAR’S AND CHRISTMAS HOLIDAYS

Ukrainians will have two blocks of days off four consecutive days each on New Year’s and Christmas holidays. According to the decree of the government on the shift of the working days in 2019, there will be four days off in a row for the New Year in Ukraine: from Sunday, December 29, to Wednesday, January 1, in the new 2020. Working days from Monday, December 30, were postponed to Saturday, December 21, and from Tuesday, December 31 to Saturday, December 28.
According to the decree of the government on the shift of the working days in 2020, four days off in a row are expected again: from Saturday, January 4, to Tuesday, January 7; since the working day from Monday, January 6, is postponed to Saturday, January 11.
The National Bank of Ukraine (NBU) sets special hours of operation of banks and bank establishments on these days.

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UKRAINE’S TRANSPORT ENTERPRISES CARRY 3.9 BLN PEOPLE IN JAN-NOV

Ukraine’s transport enterprises in January-November 2019 carried 3.9 billion people, which was 5.6% less than in the same period in 2018, the State Statistics Service has reported.
According to the report, passenger turnover for the reporting period totaled 91.1 billion passenger-kilometers, which was 3.5% more than this figure for January-November last year.
In the 11 months of 2019, some 142.2 million passengers used rail transport (including the commuter rail service), which was 2.1% less than in January-November 2018, and 1.656 billion passengers were carried by road (5.4% less), the State Statistics Service said.
Airlines increased passenger transportation by 10.5%, to 12.8 million people.
In addition, according to the State Statistics Service, in January-November, 571.5 million passengers used trams (a decrease by 7.2% compared to the same period a year earlier), 652.9 million people used the subway (a 1.8% decline), and 864 million used trolleybuses (a 7.6% decrease).
Passenger transportation by water increased by 3.5% compared to January-November 2018, to 700,000 people.
The State Statistics Service says the report does not include data from the temporarily occupied territory of Crimea, Sevastopol and certain districts in Donetsk and Luhansk regions.

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BUILDING B12 OF KIEV INNOVATION PARK UNIT.CITY RECEIVES U.S. GREEN BUILDING CERTIFICATE

Building B12 of the Kyiv innovation park UNIT.City has received the silver certificate LEEDv.4 Core & Shell of the U.S. Green Building Council (USGBC). “Building B12 is the first commercial building in Ukraine to be awarded such a certificate. The developer of the project was KAN Development, the contractor was KAN Bud. Delta Ukraine performed the LEED certification of the building,” Delta Ukraine’s press service said.
In particular, the following features of the building were noted: good location relative to the public transport network and social infrastructure, the availability of an underground parking lot with electric car chargers, energy-efficient design, engineering equipment, LED lighting, water-efficient plumbing and landscape irrigation system, separate waste collection, a ban on smoking in and around the building, two-stage air purification and quality control.
As reported, with reference to UFuture, in general, until 2021 the amount of investment in UNIT.City will reach EUR 245 million, and by 2025 the total area of real estate in the park should be 500,000 square meters.
The UNIT.City Innovation Park officially opened in April 2017 in the territory of the former Kyiv Motorcycle Plant. By the beginning of 2019, some 50,000 square meters were already built up in the technical park, and more than 100 companies became its residents.
UNIT.City also started the construction of residential buildings, which should occupy about 30% of its area. It was planned to commission the first facilities in April 2020. By 2025, the total area of UNIT.City should be 500,000 square meters.

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BUTA AIRWAYS STARTS FLYING FROM BAKU TO LVIV

Lviv International Airport has started serving the Azerbaijani low cost carrier Buta Airways, which made its first direct flight to Baku from Lviv. The airport’s press service said on its Facebook page the company will fly to Lviv during the winter season on Mondays and Thursdays. The minimum one-way rate is EUR 29.
Some 51 passengers arrived on the first flight, 64 passengers departed. The flight was carried out on board an Embraer 190 aircraft.
“This direction is not new for the airport. For several years it has been operated by the largest Azerbaijani carrier Azal Airlines. But these flights were stopped for the winter season. This year the airline decided to change its policy and transferred the flight to its subsidiary low cost company Buta Airways,” the report says.
Currently, Lviv Airport also serves such low cost airlines as WizzAir, Ryanair, Pegasus, Ernest, and SkyUp.
As reported, Lviv airport in 2018 increased passenger traffic by 48% compared to 2017, to 1.598 million people.

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