Business news from Ukraine

Business news from Ukraine

UKRBUD DEVELOPMENT CHANGES OWNERS

Ukrbud Development LLC, part of the Ukrbud state-owned construction corporation (Kyiv), has changed the list of founders in the unified public register of legal entities and private entrepreneurs.
According to the register, as of October 7, 2019, the owners of Ukrbud Development LLC are Yevhen Dikin and Vasyl Poliovy with equal shares of 50% in the charter capital.
Oleh Maiboroda remained the head of the enterprise.
According to the public register, Poliovy is a co-owner of Khmilnytsia Zernotrade LLC, which is engaged in providing warehouse services and servicing the Serpen Garden Society cooperative, which main activity is the complex maintenance of facilities.
At the same time, according to the public register, Dikin holds the position of the head of Building Group Plus LLC, specializing in the wholesale trade of timber, construction materials and sanitary equipment.
As reported, former MP Maksym Mykytas has left construction business and is no longer the owner of Ukrbud Development LLC, Maiboroda said in September. He said that the managers of the company would not change, while management will be carried out by the board of directors.
Ukrbud Development LLC was established in 2004 and is engaged in the development and support of Ukrbud state-owned corporation projects.

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WEEKLY CHANGES IN PETROL PRICES IN UKRAINE

The average retail price of A-92 and A-95 petrol slightly fell from September 30 to October 7, by 0.11% and 0.03%, respectively.
The retail price of A-95+ petrol did not change, according to Kyiv-based A-95 Consulting Group.
The average retail prices of diesel fuel fell by 0.14%, while the price of LPG dropped by 0.24%.
Changes in average retail prices of fuel in Ukraine, UAH per liter:

©Source: A-95 Consulting Company

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MOLDOVA DENIES INFORMATION ABOUT OPENING CRIMINAL PROCEEDINGS AGAINST UKRAINIAN COMPANY FARMAK

The National Anticorruption Center of the Republic of Moldova has denied information spread by a number of mass media about the opening of criminal proceedings against Farmak pharmaceutical company (Kyiv) in connection with its participation in tenders for the purchase of insulin. The press service of the company said, with reference to official information from the Moldovan agency, no criminal proceedings were opened against Farmak in connection with its participation in public tenders in Moldova on November 30, 2018 for the purchase of insulin analogues in the framework of the National Program for Diabetes Prevention and Treatment for 2019.
Farmak called on all media that disseminated false information about its participation in criminal proceedings in the Republic of Moldova with a request to refute this information as false and harmful to the business reputation of the company, the statement said. In addition, the company asked mass media representatives to always contact it for official comments to verify any information about Farmak.
PJSC Farmak is one of the three leaders in the pharmaceutical industry of Ukraine. It is a member of the Manufacturers of Medications of Ukraine Association. The beneficiary of the company is head of the supervisory board Filia Zhebrovska.

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AUSTRIA’S HOLSO GMBH PROPOSES TO BUILD ROADS FROM CLAY IN UKRAINE

Austria’s Holso GmbH has proposed to build roads from clay in Zakarpattia and the first experimental kilometer of the clay road will be built between the settlements of Danylove and Oleksandrivka (Khust district) in October 2019.
As reported on the website of the Zakarpattia Regional Administration, such an agreement was reached by the head of the Regional Administration Ihor Bondarenko and representatives of Holso GmbH during the meeting.
According to the representatives of the Austrian company, the warranty service life of clay roads is 10 years. Its cost is five to six times less than asphalt roads. Currently, 50 countries are already using this technology.
“I see no obstacles not to use this unique technology in Zakarpattia. If it proves effective, it will speed up the construction of roads in the region several times. Our region will be an example for the entire country in this issue. I think this idea is very useful, because it combines a reasonable price and high quality. I can assure you: you will have the full support of the regional administration in the implementation of this project,” the press service said, citing Bondarenko.
In addition, Mykhailo Popovich, the head of the Automobile Road Service in Zakarpattia region, who was present at the meeting, said that the technology had already been tested at an expert institute. According to him, it is possible to build roads in this way in any weather, and the clay road can also be used as a basis for asphalt concrete.
“In our region, the use of this technology can significantly accelerate the construction of roads, especially rural and forest roads,” he added.

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BORYSPIL INTERNATIONAL AIRPORT INCREASES PASSENGER TRAFFIC BY 22.5%

Boryspil International Airport (Kyiv) in January-September 2019 increased passenger traffic by 22.5% compared to the same period in 2018, to 11.623 million people, the press service of the airport has told Interfax-Ukraine.
Passenger traffic on international flights for the indicated period amounted to 10.8 million people (an increase of 23.7%), in the domestic sector some 831,200 people (an increase of 8.8%).
The number of flights for January-September 2019 amounted to 84,400 for arrival/departures, which is 16.1% more than in the same period in 2018, in particular 74,340 international flights (more by 18.2%), and 10,080 domestic flights (2.8% more).
In September 2019, passenger flow in Boryspil amounted to 1.649 million people, which is 27.6% more than in September 2018. At the same time, passenger traffic on international flights amounted to 1.552 million people (29.3% more), on domestic flights some 97,200 (6.1% more).
The number of flights in September 2019 amounted to 11,443 for arrival/departure, which is 24.7% more than in the same period in 2018, including 10,290 international flights (28% more), and 1,150 domestic trips (up by 1.6%).

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UKRAINIAN STARTUP FUND STARTS TO ACCEPT APPLICATIONS FOR GRANTS IN A MONTH

The Ukrainian Startup Fund will start accepting applications from startups in November 2019, and plans to hold a pitch event in December, member of the fund’s supervisory board Lesia Sevruk has told Interfax-Ukraine. “At present, a portal is being developed through which applications will be submitted. Accordingly, they are not yet available. Submitting applications through the portal is fundamental for us to minimize the subjective influence of the fund’s employees on the selection process. We plan to receive applications in November, and an event in December,” she said.
According to her, the fund’s supervisory board has approved the procedure for issuing grants and regulations on the commission and expert council.
“In the near future we will form a commission and an expert council,” Sevruk added.
As reported, the Ukrainian Startup Fund with a budget of UAH 400 million was launched in July 2019. The fund plans to give grants to startups at an early stage in the amount of $25,000 to $75,000. The fund announced the first five transactions by the end of 2019.

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