Business news from Ukraine

Business news from Ukraine

SKYUP EXPANDS FLEET WITH THIRD BOEING 737-800

SkyUp airline has expanded its fleet with third Boeing 737-800 NG plane with 189 seats made in 2013, which became the fourth plane in the airline’s fleet.
“On the evening of November 28, the fourth plane of SkyUp Airlines, a Ukrainian low cost airline, Boeing 737-800, landed at the Kyiv airport,” Sikorsky Kyiv International Airport said on its Facebook page on Thursday.
In addition to the Boeing 737-800 NG, SkyUp has one Boeing 737-700 NG with 149 seats, and by the end of December, the airline is waiting for one more aircraft of each these two modifications.
SkyUp Airline LLC was registered in Kyiv in June 2016. The founder of SkyUp was ACS-Ukraine LLC belonging to Tetiana Alba and Yuriy Alba, who also own JoinUp! tour operator. The company began charter flights from the end of May 2018.
In October 2018, SkyUp airline received a Third Country Operator (TCO) License, allowing flying to 28 countries of the European Union (EU), as well as Switzerland, Norway, Iceland and Lichtenstein. In December, the airline plans to launch regular flights.

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CHERKASY AZOT STARTS PRODUCING NEW TYPE OF FERTILIZERS

PJSC Azot (Cherkasy), part of Dmytro Firtash’s Group DF, has started producing new type of mineral fertilizers – a urea-ammonium mixture with sulphur, the enterprise has reported in a press release. Azot Board Chairman Vitaliy Skliarov, the specialized fertilizer segment, which includes the urea-ammonium mixture with sulphur, is actively developed in Ukraine. The plant quickly launched new production.
In 2017, the volume of the Ukrainian market of the urea-ammonium mixture with sulphur was around 45,000 tonnes and demand on it continues growing. Production of the urea-ammonium mixture with sulphur was organized at the basis of the operating facilities of Azot. The production capacity is 36,000 tonnes a year. In September, the enterprise made a first experimental batch of 540 tonnes, which is ready for shipment to customers.
Skliarov said that Cherkasy Azot is not the first Ukrainian enterprise, which started producing the urea-ammonium mixture with sulphur. However, the plant has market advantages compared with small enterprises, which are involved in artisanal production.
The share of ammonium in the finished product is 26-28.5%, the share of sulphur is 2%, ammonium nitrate – 35-37%, ammonium sulfate – 8.2-8.6% and urea – 27-30%.

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GERMAN KFW COULD PROVIDE EUR 150 MLN FOR ROAD REPAIR IN UKRAINE AND DREDGING WORKS AT ODESA SEAPORT

Germany’s state-run development bank (KfW) could provide EUR 60 million to Ukraine for the completion of construction of a breakwater and dredging works at the Odesa seaport and EUR 90 million for overhaul of H08 Zaporizhia-Mariupol highway and restoration of H32 Pokrovsk-Bakhmut-Mykhailivka road.
“Negotiations with KfW on a loan: EUR 60 million to complete the construction of a breakwater in the port of Odesa and EUR 90 million to overhaul H08 Zaporizhia-Mariupol roads,” Deputy Infrastructure Minister of Ukraine for European integration Viktor Dovhan wrote on his Facebook page.
At the same time, according to a posting on the website of the Infrastructure Ministry, Minister Volodymyr Omelyan confirmed Ukraine’s interest in borrowing from the Federal Republic of Germany in the amount of EUR 150 million (the KfW loan) provided for the restoration of transport infrastructure in the eastern regions of Ukraine. In particular, the Infrastructure Ministry plans to implement the following projects: the construction of a breakwater and the implementation of works to deepen the water area of the port of Odesa; repair works at the national road N08 Boryspil-Dnipro-Zaporizhia (through Kremenchuk)-Mariupol on the Zaporizhia-Mariupol road section and the restoration and improvement of the transport and operational condition of the H32 Pokrovsk-Bakhmut-Mykhailivka state-sustained highway.
According to the Infrastructure Ministry, Germany also expressed interest in participating in the modernization of the electric locomotives of JSC Ukrzaliznytsia and in electrifying the railways, in particular, in the south of Ukraine, near the ports.
In addition, as a result of negotiations with Germany, Ukraine will receive an additional 20,000 bilateral permits for road haulage, which will be valid until the end of January 2019.
In addition, the parties agreed to consider the possibility of increasing the quota of permits for 2019.

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DANISH STORE CHAIN JYSK TO EXPAND IN UKRAINE

Jysk Ukraine LLC (Kyiv), developing the JYSK furniture and household goods store chain belonged to Jysk Group (Denmark), will open a new store in Khmelnytsky, expanding its chain in Ukraine to 46 stores. The company said in a press release that the store with an area of 1,043 square meters will be opened on December 6 and be located at 21, Kamianetska Street in the Lybid Plaza shopping and entertainment hotel complex. It will be the third store of the JYSK chain in Khmelnytsky and 46th in Ukraine.
“We are opening the third store in Khmelnytsky, which indicates a great demand for JYSK brand goods. The first two stores appeared in the premises of the Furshet store and the Woodmall shopping center. The new JYSK will operate in the 3.0 format in the city center,” Executive Director of JYSK in Ukraine Yevhen Ivanytsia said.
According to the report, the store will have furniture, mattresses, home textiles and decor. As reported, Jysk Ukraine LLC plans in 2018 to open up to 12 new outlets in the country.

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THE EMBASSY OF INDIA IN UKRAINE, IPMA AND PHARMEXCIL ORGANIZE BUSINESS SEMINAR, ACCREDITATION FOR MEDIA IS OBLIGATORY

The Embassy of India in Kyiv, in association with Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) and Indian Pharmaceuticals Manufacturers Association (IPMA), Ukraine is organizing the annual business seminar on pharmaceutical and herbal sectors “India- a Global Power in Pharmaceutical Sector: a Reliable Partner for Ukraine” on 30th November, 2018 in Kyiv to promote and display the potential of India in these sectors.
For more information, please send a request to the e-mail com.kyiv.india@gmail.com.
Accreditation for media representatives is obligatory under the following link: goo.gl/7cGuVS

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MAIN PIPE ENTERPRISES OF UKRAINE INCREASE FERROUS METALS PIPE PRODUCTION

The main pipe enterprises of Ukraine in January-October 2018 increased production of pipes from ferrous metals by 7.62% compared to the same period in 2017, to 941,600 tonnes, including 97,500 tonnes in September. The Ukrtruboprom association told Interfax-Ukraine the enterprises of the association in January-October 2018 raised production of pipes by 16.7%, to 677,800 tonnes, in October to 68,300 tonnes.
Khartsyzsk Pipe Plant (Donetsk region), located in the government uncontrolled zone, remained idle in January-October 2018, while in January-October 2017 it made 3,400 tonnes of pipes. Pipe production at Interpipe Nyzhniodniprovsky Pipe Rolling Plant in the period rose by 13.6% compared to January-October 2017, to 240,900 tonnes (22,100 tonnes in September), Interpipe Novomoskovsk Pipe Plant increased output by 17.9%, to 95,300 tonnes (10,200 tonnes), while Interpipe Niko Tube raised production by 25.2%, to 309,400 tonnes (32,800 tonnes). Dnipropetrovsk Pipe decreased pipe production by 13.5%, to 13,400 tonnes, making 1,100 tonnes in October. Production at Centravis grew by 7.2%, being 16,400 tonnes of stainless pipes (1,900 tonnes).

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