Business news from Ukraine

Business news from Ukraine

VICE-PRESIDENT OF ALFA-BANK (UKRAINE) CREATES COMPANY WITH $300 MLN REAL ESTATE PORTFOLIO

Vice-President of Alfa-Bank (Kyiv) Iryna Skorokhodova has created Property Investment Boutique STRIX, which core business is purchase, management and sale of property. The company’s portfolio includes projects for $300 million.
“Alfa Bank was a temporary player in the real estate market. The real estate division was created to sell all that remained from the bank’s collateral. Therefore, to save the team and its experience, I launched a new company STRIX about a month ago and now its portfolio has facilities in Kyiv worth $300 million,” Skorokhodova said in an interview with Interfax-Ukraine.
According to her, in particular, at present the STRIX portfolio includes 11 business centers, one shopping center, three land parcels for development, and one hotel construction project.
“All our business centers are successfully operating facilities with zero vacancy and foreign tenants,” Skorokhodova said.
According to the website of STRIX, it provides provide A-Z range of services from the property search for acquisition to property sale and further management.
According to Skorokhodova, the Alfa-Bank Real Estate Division is faced with the task of leaving the remaining assets as quickly as possible. At the same time, she considers the successful experience of selling Alfa-Bank’s collateralized property as an achievement of the Alfa-Real Estate team.
“According to estimates by Cushman & Wakefield, the volume of transactions in the secondary real estate market in Kyiv amounted to $330 million. So, $190 million of this amount is our deals,” the bank’s vice-president said.

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SKYUP AIRLINE TO LAUNCH NEW FLIGHTS FROM KHARKIV AND ZAPORIZHIA

Ukraine’s SkyUp airline will service flights from Zaporizhia to Barcelona and from Kharkiv to Barcelona, Larnaca, Rimini and Kutaisi, the airline has reported.
Flights Zaporizhia-Barcelona and Kharkiv-Barcelona will be serviced from May 25, 2019 on Wednesdays and Saturdays, the price of one-way tickets without luggage starts from UAH 2,875 and UAH 3,025, respectively.
Flights Kharkiv-Larnaca will be operated from May 30 on Thursdays, the price of one-way tickets starts from UAH 2,346.
Flights Kharkiv-Rimini will be launched from June 2 on Sundays, the one-way ticket price starts from UAH 2,617, Kharkiv-Kutaisi – also from June 2 on Tuesdays and Fridays, with one-way tickets price starting from UAH 2,210.
In October 2018, SkyUp received a Third Country Operators (TCO) certificate that allows flying to 28 countries of the European Union, as well as to Switzerland, Norway, Iceland, and Liechtenstein.
SkyUp Airline LLC was registered in Kyiv in June 2016. The founder of SkyUp was ACS-Ukraine belonging to Tetiana Alba and Yuriy Alba, who also own JoinUp! tour operator.

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UKRAINE’S TRANSPORT COMPANIES INCREASE FREIGHT TRANSPORTATION BY 6%

Transport enterprises of Ukraine (excluding the temporarily occupied territory of Crimea and Sevastopol, as well as part of Donbas) in January and February 2019 increased cargo transportation by 5.9% compared to January and February 2018, to 103.1 million tonnes.
The State Statistics Service said freight turnover for this period increased by 2.9%, to 52.1 billion tonne-kilometers.
According to statistical data, in January and February 2019 some 40.5 million tonnes of cargo were transported by rail within the country and for exports, which is 4.2% less than in January and February 2018.
Transportation of scrap ferrous metals decreased by 55.6%, timber by 55.2%, construction materials by 35.2%, coke by 12.7%, ferrous metals by 9.8%, cement by 6.7%, coal by 1.7%. At the same time, transportation of iron and manganese ore grew by 0.7%, chemical and mineral fertilizers by 1.4%, grain and cereals by 19.5%, and oil and petroleum products by 24.8%.
In the total volume of cargo transportation by sea overseas accounted for 76.9%. The volume of overseas cargo transportation in the reporting period decreased by 21.6% compared with January and February 2018.
In January and February 2019 compared with the same period last year, the volume of cargo transported by pipelines increased. Thus, gas pumping grew by 5.7%, oil – by 2.8%, gas transit – by 15%, and oil – by 3.1%. Pumping and transit of ammonia increased 21.4% and 18.1%, respectively.

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LARGEST CAPITAL PRODUCER OF BAKERY RECEIVES UAH 2.76 MLN LOSS IN 2018

PrJSC Kyivkhlib, the largest capital producer of bread and bakery products, received a net loss of UAH 2.76 million in 2018 against a net profit of UAH 15.27 million a year earlier.
According to the company’s announcement of a general meeting of shareholders scheduled for April 22, its assets decreased by 11% last year, to UAH 688.22 million.
The total debtor indebtedness over the year declined by 25.5%, to UAH 303.43 million.
By the end of the year, the retained earnings of Kyivkhlib amounted to UAH 87.31 million.
PrJSC Kyivkhlib was established in 1996 by transforming state-owned enterprise Kyivkhlibprom. It consists of nine production sites in the capital and Kyiv region.

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