Business news from Ukraine

Business news from Ukraine

UKRAINIAN LOW COST AIRLINE SKYUP TO LAUNCH FLIGHT LVIV-PARIS

The Ukrainian low cost airline SkyUp Airlines (Kyiv) will launch a direct flight from Lviv to Paris (Beauvais Airport) on November 9, 2019, according to the airline’s website. Flights in the Lviv-Paris direction with a ticket price from UAH 1,425 one way will depart every Wednesday and Saturday. Beauvais is an airport near Paris, to which most low cost airlines fly. The airport has everything needed for passengers: waiting rooms, pharmacies, food outlets, Wi-Fi, Duty Free. Beauvais also offers a convenient location of the terminal and a bus stop next to it.
As reported, earlier SkyUp launched Kyiv-Paris (Beauvais) flights for the winter flight program.

, , ,

CANADIAN COMPANY INTENDS TO ACQUIRE SHARES IN UKRAINIAN INSURER

Canada’s FFHL Group has announced its intent to acquire 29.08% of shares in PrJSC Universalna Insurance Company (Kyiv).
According to the National Commission for Securities and the Stock Market, earlier FFHL Group and affiliated persons did not hold shares of Universalna.
Earlier, the Antimonopoly Committee of Ukraine permitted Fairfax Financial Holdings Limited to purchase (through a subsidiary of FFHL Group Ltd.) shares of PrJSC Universalna Insurance Company, which will grant over 25% of the votes in the governing body of the insurance company.
The Antimonopoly Committee of Ukraine also allowed Fairfax Financial Holdings Limited to acquire shares of Universalna insurer through the newly created FFH Ukraine Holdings LLC, which will grant over 50% of the votes in the governing body of the insurer.
Universalna was founded in 1991, It provides services in the field of risk insurance. It offers services for 42 types of insurance. The company’s regional network has more than 300 points of sale throughout Ukraine.

, ,

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (IMPORT FROM OTHER COUNTRIES TO UKRAINE) IN JAN-JULY 2019

Main trade partners of Ukraine in % from total volume (import from other countries to Ukraine) in Jan-July 2019

,

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) IN JAN-JULY 2019

Main trade partners of Ukraine in % from total volume (export from Ukraine to other countries) in Jan-July 2019

,

UKRAINE PRODUCES 121,500 TONNES OF SUGAR BY SEPT 24

Sugar production in Ukraine as of October 1, 2019 amounted to 217,200 tonnes. According to the Ukrtsukor National Association of Sugar Producers, as of this date 25 sugar factories were operating in the country, which have processed 1.6 million tonnes of sugar beets.
The Ministry of Agricultural Policy and Food of Ukraine said that 12 million tonnes of sugar beets from 45,000 ha or 20% of the plan was harvested as of September 26 with the average yield of 44.5 tonnes per ha.
As reported, the sugar season in Ukraine started on September 1. According to the Ukrtsukor association, the number of sugar factories in operation in the 2019/2020 season will be reduced from 42 to 32, and sugar production is expected to reach 1.1-1.2 million tonnes.
Sugar production in the 2018/2019 season decreased by 15% compared with the previous MY, to 1.82 million tonnes.