Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 30/01/20

National bank of Ukraine’s official rates as of 30/01/20

Source: National Bank of Ukraine

OTI HOLDING WHICH INCLUDES CORAL TRAVEL TO CREATE HOTEL CHAIN IN TURKEY, EGYPT, TUNISIA

OTI Holding, which includes the Ukrainian tour operator Coral Travel, intends to create the OTI Hotels & Resorts International hotel chain as part of the reorganization of the hotel business. Director of Coral Travel Tetiana Prokopenko told Interfax-Ukraine that by the beginning of the summer season 2020, the network will include more than 20 hotels, and by the end of the year it will expand to 30 hotels in the resorts of Turkey, Egypt and Tunisia.
According to Prokopenko, the network will be developed via renting or buying hotels, taking them into management, and also through franchising – work under an agreement on holding standards related to service, staff training, guest relations, food, drinks, branding, active leisure, sports, animation, children’s events and sanitary standards.
OTI Hotels & Resorts International will include hotels of various levels. They will operate under the new Seven Seas Resorts & Hotels brand, as well as under the well-established brands Otium Hotels and Xanadu Resort.
In addition, Coral Travel plans to expand the flight program from Kyiv and the regions in the 2020 season, as well as increase its own product list in the most popular directions – Turkey, Egypt, Greece and Spain.
The tour operator also plans the further development of its own two franchise networks, Coral Travel travel agency and Coral Elite Service travel agency. By the end of 2020, the latter would have 350 offices in 90 cities of Ukraine.

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EU TO SEND EUR 10 MLN FOR LAND REFORM IN UKRAINE

The grant support of the European Union (EU) for the development of agriculture and small-sized farms in Ukraine envisages EUR 26 million, including EUR 10 million will be sent to implement the land reform. According to the documents to the agreement, which are available at Interfax-Ukraine, it is planned to allocate EUR 8 million for reform in the field of rural development, and EUR 7.5 million for support of small farms. The remaining EUR 0.5 million is planned to be spent on audit, inspection expenses and information interaction, as well as ensuring publicity.
Support for land reform under the agreement will be carried out under the indirect management of the World Bank.
The implementation period of the agreement is 108 months from the date of its entry into force.
As reported, the government of Ukraine and the European Commission signed an agreement on support for the development of agriculture and small farming in Ukraine in the amount of EUR 26 million in Brussels on January 28.

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 29

Official rates of banking metals from national bank as of January 29

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 29/01/20

National bank of Ukraine’s official rates as of 29/01/20

Source: National Bank of Ukraine

BIOGAS PLANT FOR GENERATING ELECTRICITY TO BE BUILT IN KYIV

A biogas plant for processing plant waste and generating electricity is to be built in Kyiv, Kostiantyn Yalovy, the head of the standing commission on environmental policy at Kyiv City Council, has said.
“I haven’t written about a biogas plant in the capital for a long time. This is equipment that will be able to process plant waste in an environmentally friendly way, resulting in biogas and organic fertilizers,” he wrote on Facebook.
According to Yalovy, the corresponding draft order is being approved by Kyiv City State Administration.
According to the project, the customer of the construction will be municipal enterprise Kyivzelenbud, the design and estimate work will cost UAH 3 million.
“Biogas received will be generated in electricity and launched into the network at a feed-in tariff,” the official said.

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