Business news from Ukraine

Business news from Ukraine

SKYUP LAUNCHES FLIGHTS TO ITALIAN TURIN

The Ukrainian low cost air carrier SkyUp Airlines (Kyiv) will launch new flight from Kyiv to Turin (Italy) for a winter navigation period 2019/2020, airlines reported on its website.
The flights will be operated twice a week: on Thursdays and on Sundays. The cost of a ticket starts from UAH 1,410.
As reported, SkyUp from October will launch direct flights between Kharkiv and Lviv, as well as flights from Kyiv to Kharkiv and Zaporizhia.
SkyUp Airlines in the first half of 2019 transported 668,500 passengers.
Currently, the airline’s fleet includes eight aircraft: six Boeing 737-800s and two Boeing 737-700s.

BLOOD PREPARATIONS MANUFACTURER BIOPHARMA TO OFFICIALLY OPEN FRACTIONATOR PLANT IN KYIV REGION

The blood preparations manufacturer, Biopharma, at the end of September will officially open a fractionator plant in Bila Tserkva (Kyiv region).
As the company told Interfax-Ukraine, the construction and commissioning work lasted about four years. In total, the company invested more than $75 million in the construction of the plant.
The plant has installed equipment from global manufacturers in the industry: Stilmas, Olsa, GEA Westfalia, General Electric healthcare, Pall, and Steriline.
“This is the only this kind of plant in Eastern Europe. Our competitors are in Austria, South Africa and China. None of the neighboring countries has such production,” the company said.
For the official opening of the production Biopharma will hold an international conference entitled “Topical Issues of Industrial Production of Blood Products” with the participation of representatives of scientific, medical and regulatory institutions in the field of transfusion from more than 20 countries.
As reported, the plant will have three lines for the production of albumin, immunoglobulin, and factor VIII. The processing capacity ranges from 250,000 to one million liters of plasma per year. Biopharma planned to put it into operation at the end of 2018.
Biopharma immunobiological pharmaceutical company is among the ten largest Ukrainian manufacturers of drugs. It produces more than 20 immunobiological preparations from donated blood plasma, preparations obtained by recombinant DNA technology and probiotics.

PRESIDENT OF FINLAND SAULI NIINISTO TO VISIT UKRAINE IN SEPTEMBER

President of Finland Sauli Niinisto will visit Ukraine on September 12-13.
“President of the Republic Sauli Niinistö will make an official visit to Ukraine and will meet President of Ukraine Volodymyr Zelensky in Kyiv on 12–13 September 2019. This will be the first meeting of Presidents Niinistö and Zelensky,” the official website of the Finnish president said.
President Niinistö last visited Ukraine in 2014.

SURPLUS OF UKRAINE’S FOREIGN TRADE IN SERVICES INCREASES BY 13%

The surplus of Ukraine’s foreign trade in services in January-June 2019 increased by 13.3% compared with January-June 2018, to $2.937 billion ($2.593 billion in H1 2018), the State Statistics Service has reported. Exports of services in January-June 2019 grew by 7.6%, to $5.897 billion, while imports of services rose by 2.5%, to $2.96 billion.
The ratio of coverage of imports by exports was 1.99 in January-June 2019 (1.9 in H1 2018).
Foreign trade operations in the service sector were carried out with partners from 226 countries.

UKRAINIAN VEHICLE PRODUCTION SLOWING DOWN BY 2.6%

Production of vehicles in Ukraine through January-July 2019 decreased by 12.6% compared with the same period of 2018, to 3,562 vehicles, assembly of Skoda passenger cars by Eurocar Plant saw 12.4% slowdown, to 3,066 cars.
According to statistics of Ukrautoprom association posted on its website, thus decline rate of vehicle production slightly slowed down compared to the similar period of 2018 and was 23.5%.
The production of commercial vehicles was 2.5 times less: only 46 vehicles were manufactured for the seven month (excluding AvtoKrAZ, which has stopped disclosing production information since August 2016), including 39 by Cherkasy Bus (29 in 2018), and seven by Zaporizhia Automobile Plant (ZAZ, 85 vehicles)
The production of buses saw light negative trend by 2.4%: 450 buses were produced, against 461 a year earlier. The Cherkasy Bus with 220 buses for the mentioned period remained the leader of their production, the Chernihiv Automobile Plant increased production by five buses and produced 99 units, the ZAZ produced 40 buses against 24 a year ago, Bogdan Corporation manufactured 44 buses against 4 items a year ago, and the Chasiv Yar Bus Plant saw 47% fall in bus production, to 47 units.
The association reported that in July the national enterprises assembled 613 vehicles that 2.8 times more that in July 2018 and 10% more that in June 2019.
This growth pace is linked to the increase of assembly of Skoda passenger cars by Eurocar Plant up to 534 units against 150 in July 2018.
The producers of commercial cars increased output up to 25 units in July (five units in 2018), while bus production shrank from 66 to 54 units. The biggest number of buses was produced by the Cherkasy Bus.
As reported, in 2018, the Ukrainian automakers produced only 6,616 vehicles. This was 23% less than a year earlier, and production capacity was loaded less than 1.5%.

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TOP-20 COUNTRIES WITH WHICH UKRAINE HAS MOST POSITIVE TRADE BALANCE IN GOODS IN JAN-MAY 2019

Top-20 countries with which ukraine has most positive trade balance in goods in jan-may 2019

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