Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 12/08/19

National bank of ukraine’s official rates as of 12/08/19

Source: National Bank of Ukraine

UKRAINIAN PRESIDENT INVITES TURKISH BUSINESSES TO INVEST IN UKRAINE

Ukrainian President Volodymyr Zelensky has invited Turkish businesses to invest in projects in Ukraine, including in rebuilding infrastructure in its east, Donbas.
“I am pleased to invite Turkish businesses to visit us in Ukraine. I personally act as a guarantor of your comfortable work in Ukraine. Let’s grow together,” he said at a joint press conference following talks with President of the Republic of Turkey Recep Tayyip Erdogan in Ankara on Wednesday evening.
Zelensky also said that he had invited the Turkish side to take part in rebuilding infrastructure facilities in eastern Ukraine.
“We expect the Turkish side to actively participate in an international forum for the restoration of Donbas, which we plan to hold in Mariupol this autumn,” he said.
By the end of the year, Kyiv will host the next, 8th meeting of the Ukrainian-Turkish high-level strategic council, he added.

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BORYSPIL INTERNATIONAL AIRPORT (KYIV) TOPS RATING OF ACI EUROPE AMONG AIRPORTS FOR 10-25 MLN PASSENGERS

Boryspil International Airport (Kyiv) in the second quarter and June 2019 topped the rating of ACI Europe among airports for 10-25 million passengers.
Boryspil airport said on Facebook the leading result was provided by the positive dynamics of growth in passenger traffic of 23.7% and 27.6% respectively. At the same time, in the first half of the year Boryspil International Airport ranked second, following Berlin Airport.
ACI Europe monthly compiles a rating of airports by passenger traffic, analyzing data from more than 230 European airports.
Airports Council International (ACI) is the only worldwide professional association of airportoperators. It is divided into the following branches: ACI Europe, ACI Africa, ACI Asia, ACI Latin American/Caribbean, ACI North America, and ACI Pacific.
The goals of the ACI are to represent the interests of member airports of the organization, search for ways of their cooperation with airlines and other partners to create the conditions necessary for the successful functioning of the entire industry, to promote the interests of airport operators in regulatory bodies and legislative structures, as well as in circles that influence the formation of public opinion about airport business.

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NABU, SAPO HEADS EXPECT LAUNCH OF HIGH ANTI-CORRUPTION COURT

Head of the National Anti-Corruption Bureau of Ukraine (NABU) Artem Sytnyk and Head of the Specialized Anti-Corruption Prosecutor’s Office (SAPO) Nazar Kholodnytsky are expecting the launch of the High Anti-Corruption Court and hope the Verkhovna Rada will adopt a number of bills that are important for the work of anti-corruption authorities.
At a press conference in Kyiv on Friday, Sytnyk emphasized that it is necessary to return criminal liability for illegal enrichment, as well as resolve the situation that developed after the decision of the Constitutional Court on depriving the NABU of the right to file claims under agreements in criminal proceedings.
“There is an option on how to return these powers to the NABU and the SAPO. Therefore, I hope that with the start of work of the new parliament, these bills will be adopted,” Sytnyk said.
The NABU director expressed hope that the anti-corruption court will begin its work on time, on September 5.
“We have developed a sufficiently large baggage of cases, which is now awaiting its decision in courts,” he said.
“I hope that the law on the High Anti-Corruption Court will be amended in terms of eliminating the risks of blocking its work by a very large number of cases,” the NABU director said.

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KRAYINA INSURER RAISES GROSS PREMIUMS BY 40%

Krayina Insurance Company (Kyiv) in January-June 2019 received UAH 205.1 million of gross insurance premiums, which is 39.46% more compared to the same period in 2018, the Expert-Rating agency has said updating the rating of the company at the level of “uaAA+” according to the national scale for the specified period.
Part of insurance premiums owned by reinsurers grew by 2.4 times and amounted to 3.71%.
Insurance payments for the first six months of 2019 increased by 19.74%. The ratio between payments and gross premiums amounted to 48.26%, which is quite a high level of payments for companies specializing in conventional types of insurance, the agency notes.
The company’s assets as of June 30, 2019 remained practically unchanged and amounted to UAH 234.930 million, gross liabilities increased by 5.5%, to UAH 127.370 million, net worth decreased by 5.56%, to UAH 107.560 million. As a result, the company’s capitalization decreased by 9.89 percentage points, to 84.44%.
Krayina insurer has been operating in the insurance market of Ukraine since 1994. It has licenses for 23 types of insurance.

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REIKARTZ CHAIN REPLENISHED WITH HOTEL IN KHMELNYTSKY

Reikartz Hotel Management LLC (Kyiv), the managing company of the national hotel chain Reikartz Hotel Group, has signed an agreement to manage the Soniachny Provans (Sunny Provence) hotel in Sataniv (Khmelnytsky region), which has become part of the network under the Vita Park brand.
“The Soniachny Provans hotel in Khmelnytsky region has become a new member and the seventh resort hotel in the Reikartz Hotel Group chain. From August 1, the hotel starts operating under the name Vita Park Soniachny Provans ” Reikartz said on its website.
According to the report, the hotel has 99 rooms of various categories, as well as a restaurant, a conference room, a swimming pool, as well as a SPA center.
“Work on the implementation of operating, sales and marketing standards is already underway. The company plans not only to develop a finished product, but also expand the range of services for guests. Soon, a full-fledged Swedish line and a team of animators will begin to work in the hotel,” the operating director of Reikartz Hotel Group, Andriy Dema, said.
Reikartz Hotel Management LLC was established in 2008.

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