Business news from Ukraine

Business news from Ukraine

KHARKIV AIRPORT SEES 42% RISE IN PASSENGER FLOW IN MARCH

The Kharkiv International Airport serviced 83,400 passengers in March 2019, which is 42% more than during the same period in 2018, according to the company’s press service.
The most popular destinations were Sharm el Sheikh, Istanbul, Kyiv, Wien, Warsaw, Dortmund, Wroclaw, Katowice, Gdansk, and Minsk.
As reported, passenger traffic at the Kharkiv International Airport in February 2019 was 65,900 people, which is 23% more than in the same period of 2018.
Kharkiv Airport has a runway with a length of 2,500 meters and a width of 50 meters. There are two passenger terminals with a capacity of 100 and 650 people per hour in its territory.

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STATE FOOD-GRAIN CORPORATION BOOSTS GRAIN EXPORT BY 12%

PJSC State Food and Grain Corporation of Ukraine saw a 12% rise in grain export, to 1.5 million tonnes, over nine months of the 2018/2019 marketing year (MY, July-June), according to the company’s press service.
The report reads that the main crop for export was corn – 1.2 million tonnes (60% more than during the same period in the 2017/2018 MY). The key buyers were France, Portugal, the Netherlands, Italy, Egypt, Algeria, Tunisia, Bangladesh, and China. Supplies to the third countries were carried out through China National Complete Engineering Corporation (CCEC).
The company’s press service recalled that quotas on import of corn from Ukraine to China were increased for the CCEC in 2019. The State Food and Grain Corporation confirmed its readiness to provide necessary amount of products.
The government in August 2010 decided to create the State Food and Grain Corporation of Ukraine. The corporation has a chain of branches, comprised of grain storage facilities, flourmills, fodder factories and a cereals factory. The 53 subdivisions of the corporation can store a total of 3.75 million tonnes of grain, which includes the grain handling capacities of Odesa and Mykolaiv ports of some 2.5 million tonnes of grain cargo per year.
The State Food and Grain Corporation saw UAH 1.5 billion in net loss in 2018 compared with UAH 1.4 billion net loss in 2017.

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ZAPORIZHIA AIRPORT SERVICES 96,000 PASSENGERS IN JAN-MAR, 2019

The Zaporizhia International Airport serviced 96,624 passengers in January-March 2019, which is 17% more than during the same period in 2018, according to a posting on the company’s website.
The number of passengers on international flights increased by 19.2%, to 69,790 people, and the number of passengers on domestic flights rose by 11.1%, to 26,860 people.
The total number of passengers using services of the Zaporizhia Airport grew by more than 17.4%, to 35,800 people, in March.
The number of passengers on international flights increased by more than 17%, to 25,330 people, and the number of passengers on domestic flights grew by 18.4%, to 10,480 people, in March.
As reported, the Zaporizhia Airport serviced 400,300 passengers in 2018, which is 15% more than in 2017.
The Zaporizhia International Airport was opened in 1945. It provides for take-off/landing on two runways (artificial and unpaved).

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«IN THE ANIMAL WORLD» IN KYIVAN RUS

On April, 6 and 7 the «Kyivan Rus Park» invites the guests together with their pets to an amazing entertaining program «In the animal world». There will be a bright program with the horse-trick performances, spectacular stagings on the ancient Slavic theme, live vocal, merry active games, round dancing, horse riding, master-classes and much more from the life of a medieval city.
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 170 UAH, for pensioners and students – 150 UAH, for schoolchildren – 60 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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UKRAINIAN BANKS HAVE ENOUGH ASSETS FOR CAPITAL CONSERVATION BUFFER

All solvent banks have enough assets to meet the requirements to generate the capital conservation buffer of 0.625% until 1 January 2020, reads a posting on the website of the National Bank of Ukraine (NBU). “The same instruments are used for raising both the buffer and common equity. This means that, considering the requirements to raising the buffer, the common equity adequacy ratio (N3) as of the beginning of 2020 should account for at least 7.625%. According to the data as of March 1, 2019 all solvent banks have adequate capital to ensure compliance with the requirements to raising the capital conservation buffer of 0.625%,” reads the statement.
Onwards, the capital buffer will gradually increase each year until it reaches 2.5% as of January 1, 2023.
According to the NBU, such buffer will ensure that banks have raised a capital surplus during a non-crisis period above the minimum required to absorb any possible losses, which may occur in times of overall economic downturn, without breaching the capital adequacy ratio in the future. This instrument will contribute to the targets of the NBU strategy for financial stability by enhancing banks’ loss absorbing capacity.
As reported, introduction of capital buffers was approved by NBU Board Resolution No. 312 on the Approval of Amendments to the Instruction on the Procedure for Regulation of Bank Activities in Ukraine dated May 12, 2015.

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