Business news from Ukraine

Business news from Ukraine

INDUSTRIAL PRODUCTION IN UKRAINE 5.2% UP IN APRIL COMPARED WITH APRIL 2018

Industrial production in Ukraine in April 2019 increased by 5.2% compared with April 2018, after a rise of 2.1% in March and a fall of 1.8% and 3.3% in February and January respectively, the State Statistics Service has reported.
The agency said that with the adjustment to the effect of calendar days, industrial production in April 2019 compared with April 2018 also increased by 4.4%.
The service said that compared with the previous month, industrial production in April fell by 1.8%, and taking into account the seasonal factor it grew by 0.9%.
In general, in January-April 2019, the growth in industrial production compared to the same period of 2018 is 0.6%, whereas in the first three months it fell by 0.9%, according to the State Statistics Service.
The rise in processing industry in April 2019 from April 2018 was 7.4%, in extracting industry and quarrying some 2.7%. The figure in the supply of electricity, gas, steam and conditioned air grew by 0.3%.

SHOW DEDICATED TO THE DAY OF KYIV WILL TAKE PLACE NEAR KYIV

On May, 25 and 26 the «Kyivan Rus Park» invites to the celebration of the Day of Kyiv with medieval amusements, performances on the historical theme, horse riding. Also on May, 26 there will be the festival of children and youth performing art «Slavnitsa».
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 200 UAH, for pensioners and students – 150 UAH, for schoolchildren – 60 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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EUROPEAN INVESTMENT BANK ISSUES EUR 200 MLN LOAN TO UKRAINE

The European Investment Bank (EIB) has issued a long-term low-interest loan in the amount of EUR 200 million to the Cabinet of Ministers of Ukraine within the Early Recovery Program, Head of the EIB Representation in Ukraine Jean-Erik De Zagon has said, when opening six repaired medical facilities in Kharkiv.
According to him, the funds are used to invest in the restoration of key infrastructure objects in Donetsk and Luhansk regions, as well as to ensure adequate living conditions for internally displaced persons.
He noted that the purpose of the loan is to improve the living standards of people in Eastern Ukraine.
“Our Early Recovery Program was specifically developed to help people of Eastern Ukraine, including thousands of IDPs, deal with tough challenges they are facing following the armed conflict. This EUR 200 million program is part of our overall EUR 5.8 billion portfolio in Ukraine. It aims at improving living standards for people in terms of housing, healthcare and education. And it is a convincing proof that as an EU Priority Partner, Ukraine can greatly benefit from EU support and financing. We are happy to provide help where it is needed most and that it will directly impact the lives of ordinary citizens,” the banker said.

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KYIV INTERNATIONAL AIRPORT DOUBLES CAPACITY AFTER RECONSTRUCTION

Kyiv International Airport (Zhuliany) has doubled its capacity due to the expansion of main Terminal A by another 9,500 square meters, to 23,700 square meters, co-owner of the airport Denys Kostrzhevsky has said, when opening the terminal.
According to him, the reconstruction of the terminal cost UAH 630 million.
He noted that the airport also doubled the number of check-in counters and passport control desks.
According to an Interfax-Ukraine correspondent, 23 registration desks and nine aviation security oversight stations are located on the ground floor of the new facility of the terminal. A new parking lot for 135 cars was built on the square near the airport.
Terminal A will include a Duty Free shop, a WOG cafe, three restaurants and several souvenir shops.
According to the expert, the airport plans to further expand the terminal.
“The project includes the third stage of construction on the other side of the terminal, which will allow doubling the area of Terminal A,” he said without specifying the start of construction.
In addition, according to him, it is planned in two or three years to begin work on the extension of the runway.
“Now we are engaged in the allocation of land plots and design. In two or three years we will decide on the extension of the runway,” the businessman said.
At the same time, he found it difficult to predict the terms during which the investments made in the second stage of construction would be paid back.

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