Business news from Ukraine

Business news from Ukraine

SINGLE REPRESENTATIVE OF UKRAINE IN FOOTBALL CHAMPIONS LEAGUE WILL BE FC SHAKHTAR

Dynamo Kyiv Football Club could not defeat Amsterdam Ajax in the final round of the Champions League qualification. After the defeat in Amsterdam a week ago with a score of 1:3, the Ukrainian team played with Ajax in a draw at the home match.
Thus, the sum of two matches in the group stage of the Champions League is Ajax, and Dynamo will play in the group tournament of the Europe League.
The only representative of Ukraine in the Champions League will be Shakhtar. Vorskla will definitely play in the Europe League. Zaria competes for another ticket to the LE in the German Leipzig on Thursday.

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WAGES IN UKRAINE 14.7% UP IN JULY, HIGHEST LEVEL IS RECORDED IN KYIV

Real wages in Ukraine in July 2018 compared to July 2017 increased by 14.7%, compared to June 2018 by 1%, the State Statistics Service has reported. It said the average nominal wage of full-time employees in July 2018 compared to June 2018 rose by 0.3%, in annual terms by 24.9%, amounting to UAH 9,170, while in June it was UAH 9,141, in May UAH 8,725, in April some UAH 8,480, in March some UAH 8,382, in February some UAH 7,828, and in January UAH 7,711.
According to statistics, the largest growth in the average wage of full-time employees in July 2018 compared with July 2017 was recorded in Lviv region (by 30.4%), Ternopil (28%), Poltava (27.9%), Ivano-Frankivsk (27.2%), Zhytomyr (27.1%), Kyiv (27%), Dnipropetrovsk (26.9%), Zakarpattia (26.5%), Volyn (26.4%), Vinnytsia (25.7%), Rivne (24.9%), Odesa (24.7%), Chernihiv (24.5%), Kirovohrad (24.4%), Khmelnytsky (23.9%), Zaporizhia (23.5%), Kharkiv (22.7%), Chernivtsi (22.6%), Cherkasy (22.5%), Mykolaiv (22.4%), Sumy (21.4%) and Kherson (20.7%) regions and Kyiv city (21.2%).
Wage growth in Donetsk and Luhansk regions (excluding part of the joint forces operation) was 23.8% and 31.7% respectively.
The highest level of wages in the past month was recorded in Kyiv at UAH 13,836, the lowest one in Chernihiv region at UAH 7,168.

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LARGEST EUROPEAN LOW COST RYANAIR TO START FLYING FROM KYIV TO BERLIN ON SEPT 3

Ryanair, the largest European low cost airline, on September 3 will launch the new flight – from Kyiv to Berlin (Schönefeld), the press service of the Boryspil international airport has told reporters. “On September 3, 2018 the Boryspil airport will launch the first flight of the Ryanair airline Kyiv-Borispil – Berlin-Schönefeld,” the airport said.
The airline will operate four flights a week on this route.
Taking into account the flight to Poland’s Bydgoszcz, Ryanair offers flights from Kyiv to six Polish cities and one destination each to Germany, Spain, Lithuania, Slovakia, Great Britain and Sweden, as well as two destinations from Lviv to Germany and Poland and one to the U.K.

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DISTRIBUTOR OF ISUZU VEHICLES IN UKRAINE BECOMES OWNER OF ISUZU UKRAINE

Komtranskomplekt LLC (Kyiv), the official distributor of Isuzu vehicles and spare parts in Ukraine, has acquired 100% of shares in private joint-stock company Isuzu Ukraine automobile company (Kyiv), which sells Japan’s Isuzu trucks. According to a report in the information disclosure system of the National Commission for Securities and the Stock Market, Isuzu Ukraine received the notification on August 26. The deal to sell 25% of the company (the face value of each share is UAH 1,000) was signed in May 2018.
According to the commission, as of late Q2 2018, 80% of shares in PrJSC Isuzu Ukraine belonged to Japan’s Isuzu Motors and 20% to Sojitz Corporation.
Isuzu Ukraine automobile company was founded in 2007 to promote Isuzu-Bogdan buses and trucks to the Ukrainian and CIS markets. Bogdan Corporation held 50% of the shares, Isuzu Motors – 30% and Sojitz Corporation – 20%. In 2013, Bogdan Corporation left the company as a shareholder.

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KYIV STARTS ACCEPTING APPLICATIONS FOR BUILDING WASTE RECYCLING PLANT, DEADLINE IS SEPTEMBER 28

Municipal enterprise Kyivkomunservice has started accepting applications for a tender to select the provider of waste recycling and disposal services in Kyiv, the press service of the Kyiv City Administration has reported. According to the report, the applications can be submitted before September 28.
According to the tender documentation on the website of the company, the minimum capacity of the recycling enterprise should be 426,000 tonnes, while the annual volume of household waste produced in Kyiv is 1.2 million tonnes.
The new waste processing plant should be located near the geographical center of Kyiv.
Participants in the tender should have experience in creating and operating waste recycling facilities. The winner of the tender will be obliged to provide waste treatment services for at least 25 years from the time the facility is put into operation.
The first stage of the tender is the assessment of contestants’ complying with the qualifying conditions, it will begin in late September. The second stage involves evaluating proposals from participants in the competition.
As reported, with reference to Kyiv Mayor Vitali Klitschko, the new waste recycling plant in Kyiv is to be built within the next two or three years.

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DTEK RAISES EUR 90 MLN FROM GERMAN BANKS TO BUILD 100 MW WIND FARM

DTEK Renewables has raised EUR 90 million for construction of the first phase of Prymorska wind farm with a capacity of 100 MW in Zaporizhia region, the press service of DTEK Energy Holding reported. The press service said that the loan for the construction of the first stage of the wind farm was issued by a consortium of German banks (Bayerische Landesbank, KfW IPEX-Bank, Bremer Kreditbank and others) with risk coverage provided by German export credit agency (ECA) Euler Hermes. The loan term is 10 years after the technical commissioning of the plant.
DTEK reminded that this is the third financing agreement signed with European financial institutions for the construction of the company’s wind energy projects. For the implementation of the first wind farm project in the company’s portfolio, the Botiyevska Wind Farm, DTEK raised loans in the total amount of EUR 235 million from Germany’s LandesBank Berlin (Berliner Sparkasse) in 2012-2014.
DTEK CEO Maksym Tymchenko said that in recent years, the company raised EUR 335 million from German banks for the construction of new wind farms. This April, DTEK and Chinese company CMEC signed an agreement valued at EUR 134 million to build Nikopol solar power plant (200 MW) with the total cost of the project of EUR 235 million.
“Such sustainable interest from international investors in renewable generation in Ukraine gives us confidence in the implementation of our strategic plans – to have 1,000 MW of ‘green’ facilities in the portfolio by 2020,” he said.

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