KYIV. April 3 (Interfax-Ukraine) – The revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and metallurgical group, in January 2017 increased by 19.1% compared to the previous month, to $598 million.
According to the company’s preliminary unaudited consolidated financial data in accordance with IFRS, its EBITDA in January amounted to $155 million, which is 17.4% higher compared to December.
According to the report, the adjusted EBITDA of the metallurgical division of the group for January 2017 was $59 million (including $13 million from participation in the joint venture), whereas in December 2016 this figure was $30 million. The mining division’s EBITDA in January stood at $137 million (including $22 million from participation in the joint venture), whereas in December it amounted to $110 million.
The expenses of the managing company were “minus” $5 million.
As a result, total EBITDA in January came to $155 million (including $35 million in total from participation in the joint venture), while in December $132 million.
Total revenues in January 2017 included the income of the metallurgical division in the amount of $477 million ($412 million in December), the mining sector $369 million ($271 million), inter-group sales were “minus” $248 million (“minus” $181 million). As a result, total revenues in January amounted to $598 million (in December $502 million).
KYIV. April 3 (Interfax-Ukraine) – The Ukrainian government has approved a list of reconstruction and overhaul of roads of general use in Lviv region and the volume of budget funds to finance the works in 2017. The works will be carried out under the investment project to improve the state of roads of general use in Lviv region.
The list is outlined in government resolution No. 2126-r dated March 29, 2017.
According to an explanatory note to the document, the project financed from the national budget was selected by the interagency commission for investment projects. Expenses under the new budget programs are foreseen for its implementation in 2017.
“The adoption of the resolution would allow using the funds of the general fund of the national budget in the amount of UAH 250 million under relevant budget-funded program to reconstruct and overhaul some sections of roads: M-11 Lviv-Shehyni, R-40 Rava Ruska-Yavoriv-Sudova Vyshnia, Т-14-16 Lviv- Pustomyty- Medenychi, Т-14-25 Mykolayiv – Horodok – Zhovkva – Kamianka Buhska – Bobrka,” reads the document.
KYIV. April 3 (Interfax-Ukraine) – State-run enterprise Boryspil International Airport (Kyiv), the largest airport of Ukraine, continues commercial talks with the largest European low cost airline – Ireland’s Ryanair. Today the airport cannot give its consent to the conditions proposed by the airline.
An Interfax-Ukraine correspondent has reported that Boryspil International Airport Pavlo Riabikin gave the information to journalists in Kyiv last week.
“The airport cannot give the tariffs asked by Ryanair, even taking into account all discounts,” he said.
He said that Boryspil proposed its public offer to the airline, but to meet the conditions of Ryanair amendments to the resolutions of Ukrainian Infrastructure Ministry regulating the tariffs and discounts for all airlines are required.
As reported, the largest European low-cost airline Ryanair in October 2017 intends to launch its flights for four destinations flying from Kyiv and seven from Lviv.
Ryanair Chief Commercial Officer David O’Brien said at a briefing in Kyiv that flights to Eindhoven, London, Manchester and Stockholm will be launched from Kyiv. It is planned to service 15 flights a week.
From Lviv Ryanair will fly to London, Eindhoven, Berlin, Memmingen, Krakow, Wroclaw and Budapest.
O’Brien said that flights from Lviv to Eindhoven, London, Berlin, Budapest and Memmingen will be serviced twice a week and to Krakow and Wroclaw – three times a week. Flights from Kyiv to Eindhoven and Manchester will be serviced three times a week, Stockholm – four times and London – five times a week. In general, the airline intends to annually carry 250,000 passengers each from Kyiv and Lviv.
O’Brien said that Ukraine will become the 34th country in the airline’s chain.
“This year we will carry 120 million passengers and next eight years we will add 10 million passengers a year,” he said.
Asked if the airline’s planes are based in Ukraine, he said: “Not now, but this is a good issue to discuss. Another issue for the future could be cooperation with Ukraine International Airlines.”
KYIV. April 3 (Interfax-Ukraine) – DTEK Trading (Ukraine) and Energocom (Moldova) have signed a contract for the supply of Ukrainian electricity in the period from April 1, 2017 until March 31, 2018.
Energocom won the tender for electricity supply to the Moldovan markets with its price offer of $50.2 per 1 MWh, according to a report on the website of the Economy Ministry of Moldova.
The Moldovan Regional Hydro-Electric Power Plant which is located in Transdniestria and belongs to the Russian-owned Inter RAO originally offered electricity supplies at $58.5 per 1 MWh but later reduced the price to $54.4 per 1 MWh.
According to the ministry, the difference between the final prices proposed by the participants will allow saving about 300 million lei.
KYIV. April 3 (Interfax-Ukraine) – During the consultations with Deputy Foreign Minister of Ukraine Olena Zerkal held on March 31, Italian Deputy Foreign Minister Vincenzo Amendola stressed Italy’s interest in strengthening mutually beneficial relations with Ukraine in economic sphere, in particular in the field of energy and small and medium enterprises, the Ukrainian Foreign Ministry reported on its website.
“In this view, both sides emphasized the significance of holding the next meeting of the Ukrainian-Italian Council on Economic, Industrial and Financial Cooperation,” the report reads.
Zerkal stressed that Ukraine’s cooperation with Italy is getting a special meaning particularly in terms of vast prospects both for bilateral interaction and in the European context.
Amendola also said that Italy hasn’t changed its position on keeping the EU sanctions against Russia in place, noting the importance of the full implementation of the Minsk Agreements.
KYIV. April 3 (Interfax-Ukraine) – Germany’s KfW bank will provide EUR 300 million to Ukraine to support financing of small and medium-sized enterprises (SME) in the country.
According to a press release of the German-Ukrainian fund (GUF), the agreement will be signed by the National Bank of Ukraine (NBU), Finance Ministry of Ukraine and KfW in Kyiv on April 4.
The details of the program will be published after the signing of the agreement.
The German-Ukrainian fund was created in 1999. Its founders are the NBU, Finance Ministry and KfW.
