Business news from Ukraine

Business news from Ukraine

AGRICULTURAL HOLDING KSG AGRO RESTRUCTURES EUR4.8 MLN DEBT TO GERMANY’S BIG DUTCHMAN

KSG Agro agricultural holding has signed an agreement on restructuring credit debts to the German company Big Dutchman.
According to the press service of the agroholding, the debt on the loan received in August 2012 is EUR4.8 million (of which EUR3.96 million is the principal of the loan and EUR804,500 is interest for use). Restructuring implies the reduction of the debt to the German lender to EUR1.03 million, the date of commencement of debt repayment is July 31, 2019.
According to the press service, the agricultural holding attracted Big Dutchman loan funds for the development of a pig farm in the Nyva Trudova village (Dnipropetrovsk region).
As reported, KSG Agro for the nine months of 2018 saw its net profit fall by three times compared to the same period in 2017, to $2.23 million, while revenue rise by 16.2%, to $20.02 million.

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UKRAINE INCREASES REVENUE FROM ELECTRICITY EXPORT, KEY CLIENTS – HUNGARY, POLAND, MOLDOVA

Ukraine in January-March 2019 increased revenue from exports of electricity by 22.2% or $17.895 million compared with January-March 2018, to $98.366 million, including $33.798 million in March alone.
Hungary bought electricity worth $58.014 million, Poland $22.13 million, Moldova $13.635 million, other countries $4.587 million, Ukraine’s State Fiscal Service has said.
Over the period under review, Ukraine imported electricity worth $0.263 million, in particular, electricity imports from the Russian Federation were estimated at $0.249 million, from Belarus at $0.012 million, from Moldova at $0.002 million.
As reported, Ukraine in 2018 exported electricity worth $331.942 million. Hungary bought electricity worth $189.958 million, Poland $78.763 million, Moldova $53.144 million, and other countries $10.078 million. Exports of Ukrainian electricity in monetary terms in 2018 increased by 40.9% compared to 2017.
Ukraine increased electricity exports by 19.3% or 999.4 million kWh in 2018, to 6.166 billion kWh.
According to the forecast, Ukraine in 2019 plans to export 6.42 billion kWh of electricity, and this is slightly more than in 2018 (6.2 billion kWh).

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KYIV MAYOR VITALI KLITSCHKO PRESENTS PROJECT OF PEDESTRIAN AND CYCLE BRIDGE

Kyiv Mayor Vitali Klitschko has presented a construction project for a big tourist route in Kyiv downtown, including a pedestrian and cycle bridge across Volodymyrska Hill, at UNESCO Headquarters in Paris, according to mayor’s press service.
“Preservation of precious world heritage facilities is of major importance for us. This was our main principle during project development. The bridge will create comfortable conditions for Kyiv residents and tourists to visit landmarks of global impact,” Klitschko said.
He added that an advisory mission from UNESCO would visit Kyiv in the latter half of April.
The media earlier reported that the UNESCO World Heritage Committee demanded to suspend the construction of the bridge. However, no relevant document was made public.

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UKRAINE INTERNATIONAL AIRLINES SEES 8% RISE IN PASSENGER TRANSPORTATION

Ukraine International Airlines (UIA, Kyiv), the largest Ukrainian airline, in January-March 2019 increased passenger transportation by 8% year-over-year, to almost 1.5 million people, the airline has reported on its website.
During this period, UIA operated 13,600 flights with the load factor of 75%, which correspondents to the figures of 2018.
At the same time, the punctuality rate of UIA during the first quarter of 2019 increased and reached 81% compared to 72% in 2018.
UIA mail and cargo traffic reached 4,500 tons and increased by 7% compared to the same period of the last year.
Ukraine International Airlines was founded in 1992. The fleet consists of 42 airplanes of different modifications. One of the ultimate beneficiaries of the airline is businessman Ihor Kolomoisky.

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BORYSPIL AIRPORT INCREASES PASSENGER FLOW BY 15% IN Q1, 2019

The Boryspil International Airport (Kyiv region) increased passenger flow by 15.2%, to 2.65 million people, in January-March 2019 compared to the same period in 2018, the company’s press service told Interfax-Ukraine.
Some 2.42 million passengers used international flights (growth by 15.7%) and 232,100 passengers used domestic flights (growth by 9.3%).
The airport serviced 21,898 flights during the period under review (growth by 8.3%), including 18,888 international and 3,010 domestic flights.
During the first three months of 2019 the airport received and sent 2.24 million passengers on regular flights (22% more compared with Q1, 2018) and 415,900 passengers on unscheduled flights (11% less compared with Q1, 2018).
The airport serviced 670,840 transfer passengers in January-March 2019, which is 5.8% more than during the same period in 2018. Transit passengers accounted for 25.3% of the total passenger flow.
In March 2019, the Boryspil airport serviced 964,240 passengers, which is 15.6% more than during the first three months of 2018.
In March, 881,500 passengers used international flights (growth by 15.9%) and 82,700 passengers used domestic flights (growth by 12.2%).
In March, the airport serviced 7,648 flights (growth by 8.1%), including 6,582 international and 1,066 domestic flights.
Boryspil International Airport is the main airport of Ukraine, occupying a total area of about 1,000 ha. The airport has two runways: one with a length of 4,000 meters and a width of 60 meters, and the second with a length of 3,500 meters and a width of 63 meters. Four passenger terminals, postal and cargo handling complexes are located on the territory of the airport.

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DNIPROPETROVSK REGION GETS ONE MORE SOLAR PLANT

The National Commission for the State Regulation of Energy, Housing and Utilities Services (NCER) has established feed-in tariffs for Solar Kvant Energy LLC (Dnipropetrovsk region), which operates a solar power plant with a capacity of 9.96 MW, commissioned in March 2019. The NCER made the decision at a meeting on April 9. The tariff of 15.03 euro cents per kWh will be valid until the beginning of 2030.
The core business of Solar Kvant Energy LLC is non-specialized wholesale. The final beneficial owners as of the end of March were Yan Valetov and Oleksandr Sukhodolsky. Valetov is a famous Ukrainian science fiction writer, published under the pseudonym Borys Bitner. Sukhodolsky is the co-owner of one of the largest pharmaceutical distributors BaDM LLC (Dnipropetrovsk).

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