Ukraine International Airlines (UIA, Kyiv) has postponed the launch of Kyiv-New York flights to the end of the low winter season 2020-2021.
“This decision is due to objective circumstances. Long-haul flights is planned in advance. All current changes in the market and forecast of their impact on the future are taken into account,” the airline’s press service said on Friday.
UIA said that the revision of Ukraine’s GDP recovery in 2020 and 2021 due to the negative impact of the pandemic on the country’s economy; deterioration of the epidemiological situation in Eastern European countries, Israel; as well as a significant deterioration of the political situation in the Caucasus, which led to the cancellation of flights to Yerevan, Baku, Tbilisi, which were supposed to provide a transit flow through Kyiv to the United States, negatively affected the forecasts for the launch of flights to New York.
“The combination of these factors, leading to a decrease in both direct traffic from Ukraine to New York and transit traffic to the United States, became the reason for revising the feasibility of restoring a direct Kyiv-New York flight in 2020,” the airline said.
UIA said that they continue planning flights based solely on object.
Volumes of cargo transportation in Jan- July of 2020, MLN tons.
Accrued insurance premiums under Green Card international insurance agreements signed by the member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) in January-August 2020 decreased by 34.3% compared to the same period in 2019, to UAH 781.3 million.
The MTIBU reported on the website the number of Green Card agreements concluded during this period fell by 45.62%, to 406,600.
At the same time, the amount of compensations paid on claims increased by 25.72%, to EUR12.2 million, while the number of claims paid by 14.7%, to 4,141.
The MTIBU is the only association of insurers that provide compulsory insurance of civil liability of land vehicles’ owners for damage caused to third parties.
The Board of Directors of the U.S. International Development Finance Corporation (DFC) has approved the allocation of $27 million for building Sheraton Hotel in Kyiv.
“A $27 million loan will support the construction and operation of a Sheraton hotel in Kyiv, Ukraine that will create jobs, build local supply chains, and encourage trade, investment, and economic growth,” DFC said in a press release.
The construction of the five-star Sheraton Kyiv Olympiysky hotel in the territory of the Olympiysky Stadium is being carried out by Construction Investment Company TM, which signed a hotel management agreement with the hotel operator Marriott Hotels & Resort.
According to the company’s website, Sheraton Kyiv Olympiysky is a 14-storey building with 196 rooms, 178 of which are standard rooms and deluxe rooms, 15 luxury rooms, two rooms for people with disabilities and one presidential room. The infrastructure includes an underground parking for 144 cars.
Construction Investment Company TM was founded in 2004, its core business is construction of residential and non-residential buildings.
Dynamics of balance of payments of Ukraine (USD mln).
Milk Alliance has invested EUR 1 million in launching a mozzarella production line with a production capacity of 10 tonnes of product per day.
“We have the Big Construction project this year. The smiling Italian technologist in the photo is finishing setting up the automated line of COMAT for the production of mozzarella … Until the end of October, it will be in trade. It is one of the reconstruction projects in 2020. The investment is EUR 1 million. Some 10 tonnes of product per day. We focus on both the domestic market and export,” co-owner of Milk Alliance Oleksandr Derkach said on his Facebook page.
Milk Alliance was established in June 2006 as a holding company with a charter capital of UAH 23.5 million and a 99.9% balance sheet consisting of long-term financial investments.
Milk Alliance in the first half of 2020 increased output of dairy products by 4% compared to the same period in 2019, to 76,950 tonnes, while 7,940 tonnes of products were exported, which is 27% less than for the same period in 2019.
