Business news from Ukraine

Business news from Ukraine

STATE-RUN UKRPOSHTA LAUNCHES DELIVERY FROM POLAND TO UKRAINE

JSC Ukrposhta launches the delivery of parcels within three to six days from the date of shipment from a warehouse in Poland to Ukraine, the press service of the company has said.
According to a press release, Ukrposhta together with the private postal operator SMART Forwarding (with the head office in Greece) and the Polish company InPost have already begun test deliveries of international mail from Poland.
“We and our partners provide perhaps the only economical official channel for delivering goods or things. It’s convenient, reliable, simple. For example, sending a package with sneakers, clothes and food in factory packaging weighing 10 kg and with the size of up to 19x38x64 cm through an InPost post terminal will cost about PLN 37, or about UAH 230 in equivalent,” the press service of Ukrposhta said, citing first deputy director general of the company Oleksandr Pertsovsky.
According to him, if the value of a parcel per recipient does not exceed the customs limit of EUR100, customs clearance will be carried out according to a simplified mechanism.
“Now we are working in a test mode, doing weekly deliveries, arranging all processes. We plan to increase the frequency of departures from Poland to two or three per week,” the expert said.
The departure route from Poland to Ukraine can be tracked by the track number on the Ukrposhta website.
According to the company, the new delivery channel is safer and about 20-25% more profitable than alternative options.
In the near future, Ukrposhta plans to launch similar channels for the international delivery of parcels to Ukraine from Italy, Britain, and Germany.

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MARKET OF NEW COMMERCIAL CARS IN UKRAINE 6% DOWN

The initial registration of new commercial vehicles in Ukraine (including heavy vehicles) in January-November of this year decreased by 6% compared to the same period in 2018, to 10,800 cars, the Ukrautoprom association reports.
In November 1,007 new commercial vehicles were registered, which is ten units less than in November 2018, and 11% less than in October of this year.
Most often last month, like a year earlier, Renault cars were registered, whose sales grew by 30%, to 216 cars. Fiat ranks second with 142 cars with an increase of 14%, and Volkswagen ranked third, the registrations of which grew by 2%, to 89 units.
Ford ranked fourth (81 registered cars, up by 4%), and Mercedes-Benz ranked fifth, despite a 43% drop in registrations from November 2018, with 62 cars.
Belarusian MAZ vehicles lost 43% in registrations and occupy the seventh place of the November rating with 48 vehicles, Russian GAZ ranks 12th with 28 vehicles (down by 57%), and Ukrainian KrAZ ranks 14th (22 vehicles against 12 in November last year).
As reported, in 2018 the demand for new commercial vehicles in Ukraine increased by 10%, to 12,700 units, while registrations of imported used cars increased by almost a quarter, to 38,800 units.
According to the statistics data of Ukrautoprom, in November 2019 some 186 buses (all classes) were also registered for the first time in Ukraine, which is 4% more than in November last year and 3% less than in October 2019.

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STATE-OWNED UKRSPYRT POSTS NET PROFIT IN 2019

State-owned enterprise Ukrspyrt in January-September 2019 received UAH 17.15 million in net profit, or 81% of the plan.
According to the published results of the unscheduled audit of the company, the income of Ukrspyrt for the first nine months of this year amounted to UAH 1.24 billion, or 89% of the plan.
In 2018, Ukrspyrt received UAH 21.61 million in net profit (60% of the plan) and UAH 1.86 billion (76% of the plan) of revenue, according to the audit report.
In addition, during the audit, it was determined that the provision of discounts by the state-owned enterprise on the price of alcohol was non-transparent, as a result of which Ukrspyrt saw a shortage of UAH 119.78 million.
In 2018, Ukrspyrt allocated UAH 112.36 million for maintenance of 15 non-performing enterprises, UAH 80.19 million for the nine months of 2019.
During 2018 and in the nine months of 2019, auditors recorded excess consumption of fuel and energy resources by individual plants for a total amount of UAH 19 million. It was also found that the purchase price of grain crops for the production of alcohol was overstated for a total amount of UAH 8.17 million.

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LVIV INTERNATIONAL AIRPORT RAISES PASSENGER TRAFFIC BY 39%

Passenger traffic at Lviv International Airport in January-November 2019 amounted to 2.046 million people, which is 39.3% more than in the same period in 2018, the company’s press service reports on Facebook. The number of flights in January-November reached 17,485 (14,960 international and 2,530 domestic), which is 23.6% more than in January-October last year.
In November-2019, some 173,900 passengers used the airport services (152,500 on international flights, 21,400 on domestic flights), which is 39.2% more than in November 2018. At the same time, the number of flights last month increased by 10%, to 1,358 (1,110 international and 244 domestic).
As reported, Lviv airport in 2018 increased passenger traffic by 48% compared to 2017 – up to 1.598 million people.
Lviv International Airport is located 6 km south of the city center.

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UKRAINIAN LIFE INSURERS RAISE PREMIUM COLLECTION BY 20%

Ukraine’s life insurance companies in January-September 2019 collected UAH 3.294 billion of gross insurance premiums, which is 20.2% more than in the same period a year earlier. According to a report on the website of the National Commission for the State Regulation of the Financial Services Market, 96.8% of total insurance premiums came from individuals, 3.2% from legal entities. As of September 30, 2019, the number of insured individuals increased by 15.9%, to 4.950 million.
Over the specified period, life companies paid customers UAH 427.4 million, which is 20.4% less than in the same period a year earlier.
The value of changes in life insurance reserves amounted to UAH 597 million, which is 20.2% less than in the nine months a year earlier.
The largest increase in life insurance reserves (over UAH 90 million) was declared by four life insurance companies in the amount of UAH 397.8 million, UAH 109.6 million, UAH 97.4 million, and UAH 91.7 million respectively.
According to the regulator, the number of life insurance companies in Ukraine as of September 30, 2019 decreased to 23 from 31.

KYIV ZHULIANY INTERNATIONAL AIRPORT REDUCES PASSENGER TRAFFIC

Kyiv Zhuliany International Airport in January-November 2019 served 2.414 million passengers, which is 7.4% less than in January-November 2018. According to statistics released by the airport’s press service, the number of passengers served on international flights for the 11 months amounted to almost 2.358 million people, on domestic flights some 56,400 people. The number of flights in January-November 2019 amounted to 25,565 for arrival/departure, which is 8.6% less than in the same period in 2018, in particular, 21,532 international flights, and 4,033 domestic flights.
The most popular international destinations for the indicated period were Minsk (Belarus), Warsaw (Poland), Sharm el-Sheikh (Egypt), Rome (Italy), Vienna (Austria), Berlin, Frankfurt (both are Germany); internal Odesa, Zaporizhia, and Lviv.
In November 2019, the airport served 180,100 passengers, which is 1.35% less than in November 2018. The number of passengers served on international flights amounted to 177,500, on domestic flights some 2,600 people.
At the same time, the number of flights in November amounted to 2,029 for arrival/departure, which is 1.3% less than in the same period in 2018, of which 1,764 international and 265 domestic flights.

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