The Sikorsky Kyiv international airport plans to overhaul a runway in coming two or three years, Board Chairman Denys Kostrzhevsky has said. “The next stage to increase the passenger flow and increase profits and payments to the budget will be the reconstruction of the runway and the airfield. The runway has been operated for about 10 years and gradually deteriorates. To ensure flight safety, it is necessary to overhaul runway in the coming two or three years, with the closure of the airport for a year,” he said in an interview with Interfax-Ukraine.
According to the top manager, the problem is that the runway currently belongs to the municipal enterprise, that is, to the city’s community, and only this enterprise can carry out its reconstruction.
“In order to attract private funding for the reconstruction of the runway, and this is logical, it is necessary to resolve the issue of transferring the runway to either concession or lease on the terms of reconstruction to a private investor. We face this task for the next two or three years: either at the expense of the municipal budget, or with the involvement of a private investor,” Kostrzhevsky said.
Kyiv International Airport (Zhuliany) is located in the business center of the capital, seven km from the city center. It is the second largest airport in Ukraine in terms of the number of flights and passenger traffic. The airport has three terminals with a total area is 21,000 square meters. Terminal B is separate facility for business-class service, it is part of the Fixed Base Operator (FBO) system. The airport’s runway is able to handle B-737 and A-320 aircraft.
The volume of sold industrial products (goods, services) in January-March 2018 stood at UAH 621.436 billion, which is 16.7% more than in January-March 2017, in particular the volume sold abroad was worth UAH 166.784 billion, the State Statistics Service has reported. According to the agency, in March 2018 compared to March 2017 the index of turnover of sold production grew by 10.9%, and by 11.1% compared with February 2018. Sales in mining industry in March 2018 compared with March 2017 grew by 2.25 (4.6% compared with February 2018) and in processing industry – by 12.9% (12.6%).
In the total volume of sales, the largest share accounted for processing industry (60.1%), the supply of electricity, gas, steam and air conditioning (25.1%), metallurgical production (18.4%), production of cast iron, steel and ferroalloys (14.3%), mining and quarrying (13.9%) and
As reported, in 2017 industrial products (goods, services) worth UAH 2.153 trillion were sold, which is 21.9% more than in 2016.
The Agrofusion Group, a large tomato paste and industrial tomato producer in Ukraine, plans to plant and process 630,000 tonnes of tomatoes in 2018, including 9,900 tonnes of organic tomatoes. According to a posting on the group’s website, in 2017, it started producing organic tomato paste. “Last week all growing divisions of Agrofusion has begun tomato seedling transplanting. Favorable weather conditions and timely field preparation allowed to start the transplanting according to the schedule. Transplanting will continue till the end of May,” the company said.
Agrofusion Group, founded in 2007, belongs to businessman Serhiy Sypko. Agrofusion includes three tomato paste production plants with the processing capacity of about 7500,000 tonnes of tomatoes per season, as well as farms in Kherson and Mykolaiv regions, processing 25,000 hectares of irrigated land, and two greenhouse farms.
The Sikorsky Kyiv international airport intends to expand Terminal A for servicing growing passenger flow, Board Chairman Denys Kostrzhevsky has said. “In the coming years we predict growth of passenger flow and the new large-scale reconstruction being conducted by Master-Avia (the company that manages the airport) is linked to this. In 2019, the airports arrival and departure capacities would be doubled,” he said in an interview with Interfax-Ukraine. He said that at present, the international flight arrival zone has been re-equipped and expanded, and in the middle of May 2018 the large-scale reconstruction of Terminal A will start at the airport.
“Previously, the airport used Terminal D only for servicing domestic flights. Unfortunately, the domestic passenger traffic decreased significantly. IT practically came to nil. It was decided to re-equip a part of the facilities for servicing the arriving passengers from international flights. I cannot name the exact cost of reconstruction, as we are in the process. This is about UAH 20 million,” Kostrzhevsky said.
He added that two galleries have already been built that joined Terminals D and A. The number of passport control posts doubled, the area for staying passengers has been expanded significantly. The number of luggage delivery belts was doubled.
“It is planned to add more areas, about 9,000 square meters, to Terminal A, which will double the number of check-in counters, to 40. Also, the number of passport control desks, security checkpoints will be doubled, and, as a result, the number of passengers served simultaneously will grow 2.5-fold. Now it is about 700 passengers per hour, and there are plans to bring it up to 1,500,” Kostrzhevsky said.
The Board of the World Bank has approved the provision of a long-term loan of $12.5 million to Nyva Pereyaslavschyny, the largest group of pig companies in Ukraine. According to a posting on the website of the International Finance Corporation (IFC), the decision was made on April 25, 2018. The funds will be sent to finance the company’s 2018-2019 capital expansion program. The total cost of the project is $35 million.
As reported, at the end of April 2015 the IFC issued $25 million loans to Nyva Pereyaslavschyny to support the plans of the group to expand operations and refinance medium-term debt.
The Nyva Pereyaslavschyny group of companies cultivates about 23,000 hectares of land. Its grain storage capacity is about 150,000 tonnes, the annual export of grains is 100,000 tonnes. The group includes nine pig breeding complexes. The work to collect permits for the construction of the tenth farm has been started. The group plans in 2018 to build a new specialized meat processing plant with a capacity of 240 animals per hour.
Ukraine’s international reserves grew by 1.3% in April 2018 and amounted to $18.421 billion as of May 1, 2018, according to tentative data published on the website of the National Bank of Ukraine (NBU). According to the NBU, the main source of replenishment of reserves, as in the previous months, was the purchase of foreign currency in the interbank market.
“The prolonged excess of the supply of foreign currency over demand in the interbank market allowed the NBU to continue buying out surplus foreign currency to build up reserves, while not counteracting the strengthening of the hryvnia exchange rate,” the central bank said.
The NBU bought $326.7 million in the interbank market in April, including $146 million during interventions at the best rate, $80 million at a single rate, and $100.7 million at foreign currency auctions.
The NBU recalled that in the second quarter of 2018, it intends to buy $10 million daily on the interbank foreign exchange market to replenish Ukraine’s international reserves.
In addition, the central bank last month sold $24 million during interventions in the form of request for a better exchange rate. Thus, the net purchase of foreign currency amounted to $302.7 million.
The level of reserves was also positively influenced by the placement of government domestic loan bonds denominated in foreign currency for a total of EUR 83.6 million.
The expenditure of international reserves in April was mainly related to government payments for servicing and repayment of public and publicly guaranteed debt in foreign currency.
“The amount of payments in April was $127.4 million, including $30.8 million for servicing government domestic loan bonds denominated in foreign currency,” the NBU said.
In addition, the amount of reserves was influenced by the revaluation of financial instruments (change in market value, the hryvnia exchange rate against foreign currencies) for $59.2 million and other transactions for $11.3 million.
In general, as of May 1, 2018, the volume of international reserves covers 3.3 months of future imports and is sufficient to fulfill Ukraine’s obligations and current operations of the government and the central bank.
