Business news from Ukraine

Business news from Ukraine

LVIV INTERNATIONAL AIRPORT RELAUNCHES ONE MORE TERMINAL

The Danylo Halytsky Lviv international airport from June 24, 2019 transferred the servicing of Kyiv (Zhuliany)-Lviv flights Nos. MSI263/MSI265 of Motor Sich airline to the old terminal, the airport has reported on its website. The entrance from the apron will be made through the doors adjacent to the VIP room in the left wing of the building. “We had long planned to use it [the old terminal] for its intended purpose. And now it is very useful for us to facilitate the work during peak periods, maintenance of charter (we will begin in two or three weeks) and special flights operated by small business aircraft,” Director General of the airport Tetiana Romanovska, who is quoted in the report, said.
She thanked the Motor Sich airline, which was the first to agree to service flights on arrival at the premises of the old terminal, which was empty for a long time.
Now the old airport terminal is used for special and VIP flights. At the same time, it will be re-equipped for work with domestic transportation. It will also be attracted to work with charter flights. It will begin in two or three weeks.
The decision to use the premises of the old terminal was made due to the overload of the arrival zone of the new terminal during the peak passenger traffic, which lasts almost every day from 11 am to 5 pm during the summer season.
“At the moment, new Terminal A has only two tapes for baggage claim: one for international and one for domestic flights. Thus, by moving part of the passenger traffic to the old terminal, both of them will be able to be used for servicing the international flights,” the airport said.
In addition, the Lviv airport began work on the launch of another baggage tape and an increase in the length of the two existing ones in the new terminal. Developments are at the design stage and the creation of technical tasks.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 25/06/19

National bank of ukraine’s official rates as of 25/06/19

Source: National Bank of Ukraine

$140 MLN MALL TO BE LAUNCHED IN KYIV

Former owners of bank Aval have invested over $140 million in the River Mall located in Dniprovska Naberezhna in Kyiv, which will be opened for visitors next week, the co-owner of the mall, Serhiy Vovchenko, has said.
“Tenants have been working on their premises since February of this year. Next week River Mall doors will open for visitors, and the official opening is scheduled for the first decade of September, while the exact date has not yet been set. Among those 50% of tenants who will open their stores already next week is Silpo,” he told Interfax-Ukraine.
According to Vovchenko, more than $140 million have already been invested in the project.
“We did not attract foreign investment. The River Mall has seven founders from among the former owners of Aval Bank. The largest shareholder is Fedir Shpyh with a share of slightly less than 50%. Leased areas as of now are distributed by 90%. Inditex Group and H & M clothing retailers have come to us,” the co-owner said.
He said that there are plans to launch the aqua park in the summer of 2020.

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DNIPRO TO GET EUR 12.5 MLN FOR ENERGY EFFICIENT SCHOOLS AND KINDERGARTENS

The European Bank for Reconstruction and Development (EBRD) with the Eastern Europe Energy Efficiency and Environment Partnership Fund have provided EUR 12.5 million for energy-efficient modernization of schools and kindergartens in Dnipro.
“The European Bank for Reconstruction and Development, with which Dnipro is successfully cooperating in the construction of the subway and renovation of rolling stock, together with the Eastern Europe Energy Efficiency and Environment Partnership Fund, provided EUR 12.5 million to the city for the energy-efficient renovation of 84 schools and kindergartens,” Dnipro Mayor Borys Filatov said in the Facebook social network.
According to him, modernization works include insulation of facades and roofs, replacement of windows, as well as the placement of heat points, which reduce heat loss in the winter period by half.
According to Filatov, by the end of 2019, it is planned to complete the modernization of 15 facilities, the rest – by the end of 2020. The works are performed by Azerbaijan’s Akelik, which was selected by the European partners at a tender.

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KYIV’S BUSINESSMAN BUYS MIZUN MINERAL WATER PLANT

Kyiv’s businessman Dmytro Nikiforov has built up 100% of corporate rights in a group of companies owning the Mizun mineral water plant (Ivano-Frankivsk region), producing water under the VODA UA trademark. According to the information on the website of InVenture, the group of companies includes Mizun LLC, Astreya LLC and Karpaty Mineral Waters LLC. Mizun deposit of table and medicinal waters is the largest in Ukraine with a confirmed debit of 1 million liters per day. The plant produces 19 SKU of natural table water under three trademarks (VODA UA, Horianka, Karpatska Vysokohirna), as well as mineral medicinal water. The total capacity allows bottling 150,000 liters per shift.
According to InVenture, the new owner of the plant seeks to invest $2.4 million in the modernization and expansion of production, and in the two-year term – to enter the top 10 Ukrainian bottled water producers.
“According to experts, the purchase of the plant could cost the businessman $1.5-2 million. The flagship brand of the VODA UA group was created about three years ago and demonstrates strong growth, primarily in the HoReCa segment,” InVenture said.
According to the public register of Legal Entities and individual entrepreneurs, Nikiforov also co-owns several enterprises registered in Kyiv and is engaged in trade, consulting services, and other services.

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U.S. READY TO SUPPORT ENERGY REFORM IN UKRAINE

Principal Deputy Assistant Secretary of the U.S. Department of State’s Bureau of Energy Resources Kent Logsdon has said at a meeting with representatives of the World Bank and the European Union that Washington is ready to support Ukraine’s energy reform programs together with international partners.
“During meetings with World Bank and EU officials, PDAS Logsdon underscored the U.S. commitment to supporting Ukraine’s energy reform agenda together with international partners,| the U.S. Embassy in Ukraine said on Twitter on Monday, June 24.

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