KYIV. Dec 19 (Interfax-Ukraine) – The Hungarian low-cost airline Wizz Air will expand its fleet in Kyiv, the second plane will be acquired in August 2017.
According to company communications director Tamara Valua, the company from August will also launch flights from Kyiv to Copenhagen and Nuremberg.
In addition, from August the airline will increase the frequency of flights to Budapest (to daily), Dortmund, Munich and Bratislava (to four per week) and to Cologne and Hamburg (to three per week).
KYIV. Dec 19 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) will issue a credit of up to $3.8 million to Ukrainian pharmaceutical manufacturer Ecofarm (Ecopharm) to complete the construction of production facilities according to GMP standards in Slavuta and procurement of appropriate equipment, the EBRD press service has said.
The loan will be granted for seven years in the framework of the EBRD direct financing program aimed at providing local small and medium enterprises with easier access to long-term financing, the report says.
The project also foresees investment support in the framework of the EU4Business program, which will help Ecofarm in its implementation.
Ecofarm is a Ukrainian pharmaceutical company, founded in 1998. It specializes in production of plant antiviral drugs.
According to information in the state register, the ultimate beneficial owner of the company through Valora Financial Services (the British Virgin Islands) is citizen of Switzerland Ruslan Novik.
KYIV. Dec 19 (Interfax-Ukraine) – Winter grain crops sprouted on 6.7 million ha out of 7.1 million ha of fields (95% of the planted area), Ukraine’s Agricultural Policy and Food Ministry said in a Friday press release.
Around 83% of winter crops or 5.6 million ha are in good and fair condition, crops on 1.1 million ha (17%) are in poor condition. 5% of crops on 371,400 ha did not sprout.
Winter rapeseeds sprouted on 829,800 ha (92% of the planted area), including crops in good and fair condition on 679,600 ha (82%) and in poor condition on 148,700 ha (18%).
KYIV. Dec 19 (Interfax-Ukraine) – Ukraine in January through October 2016 exported agricultural products for $11.84 billion, and this was 40.7% of total national exports.
Ukraine’s Agricultural Policy and Food Ministry said in a press release that over the period imports of agricultural products to Ukraine totaled $3.1 billion.
The surplus of trade with agricultural goods totaled $8.73 billion.
Grain crops had the largest share of Ukrainian exports ($4.8 billion), fats, vegetable oil amounted for $3.1 billion and finished food for $1.8 billion.
Crops prevailed in imports ($1 billion) and finished food ($1.4 billion).
KYIV. Dec 19 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) has taken part in forming a new team of top managers of PrivatBank (Dnipro), Ukrainian President Petro Poroshenko has said.
“A new professional group of specialists has been hired to manage the bank. The European Bank for Reconstruction and Development took part in the process,” the president said on Monday in his video address commenting on the transfer of PrivatBank to state ownership.
Poroshenko said that the task of the National Bank of Ukraine (NBU) and Finance Ministry at present is provision for the gradual transfer of PrivatBank to state ownership.
KYIV. Dec 16 (Interfax-Ukraine) – Lucky Labs international IT company, headquartered in Ukraine, is mulling opportunities for strategic acquisitions in Europe and, in general, in the world, according to a press release from Lucky Labs.
According to the report, the company primarily focuses on acquisitions worth $20-30 million in Britain, Germany, or Latvia.
“From the beginning we focused on absorption of manufacturers of innovative applications around the world. Once we managed to collect a strong portfolio of gaming and marketing applications, we want to continue to grow in international markets and, first of all, in Britain, Germany and Latvia, where we see particularly ambitious startups with fantastic ideas,” reads a press release citing Lucky Labs co-founder Rustam Gilfanov.
“We will be glad to appeals from new startups that develop games. We are ready to assist them in realizing their ideas,” another co-founder of Lucky Labs Serhiy Tokarev said.
Lucky Labs is an international group of IT companies. It has been engaged in software development for more than 10 years. Its central office is located in Kyiv. It employs more than 500 people.
