Business news from Ukraine

Business news from Ukraine

KHARKIV BISCUIT FACTORY HALVES NET PROFIT IN 2018

PJSC Kharkiv Biscuit Factory in 2018 saw a 44.5% fall in net profit, reaching UAH 86.8 million.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market on holding a general meeting of its shareholders scheduled for April 19, the retained earnings in a year came to UAH 1.147 billion (a rise of 8% year-over-year) and assets totaled UAH 1.365 billion (a rise of 5%).
Noncurrent liabilities accounted for UAH 6.2 million (a rise of 19%), current liabilities – UAH 103 million (a fall of 20%) and total receivables – UAH 509.3 million (a rise of 8%).
According to the draft decision of the shareholders, it is planned to send the rest of net profit after making mandatory payments in the amount of UAH 85.1 million to production development.
Kharkiv Biscuit Factory produces flour confectionery. Its annual capacity is around 40,000 tonnes of products.
The enterprise is part of Biscuit-Chocolate Corporation founded in 2004. It also incorporates public joint-stock company Kharkivchanka confectionery factory, Prestige Trade House LLC, public joint-stock company Pervukhinsky sugar refinery, Krasnohradsky Mlyn LLC and public joint-stock company Skovoroda Agrofirm.

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KYIV, LVIV, KHARKIV CREATE 74% OF OPENED IT VACANCIES

Kyiv is the leader in the number of opened IT vacancies in Ukraine where 46.21% of all vacancies are offered, followed by Lviv with 15.42% and Kharkiv with 12.74%, the founder and CEO of CleverStaff product IT company Volodymyr Kurylo has told Interfax-Ukraine, referring to the company’s database.
According to him, the share of Odesa accounted for 6.34% of opened vacancies, and Dnipro’s – 5.82%.
“The most popular jobs in all these cities are the front end developer, QA, devops, project manager and product manager,” Kurylo said.
According to CleverStaff, in the labor market, demand for Front End (JavaScript) developers has doubled, and for QA engineers (testers) it grew by 67%, now the pros in these areas are 37% of all opened vacancies.
The head of CleverStaff added: if we talk about the level of a specialist – junior, middle, and senior, then the offers also differ depending on the city, but the leading position is occupied by senior.
Commenting on the pace of demand for IT specialists, Kurylo said that job offers for .Net, PHP, iOS developers over the past two years have halved, for Android – increased three times.
“Based on the changes in the number of vacancies in the CleverStaff database, we can predict that within two years in Ukraine there will be a demand for 7,600 front end developers, 7,200 testers, and 4,600 Java developers,” the specialist said.
CleverStaff, founded in 2014 in Odesa, is a product IT company developing an all-in-one software for applicant tracking and recruitment automation.

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RYANAIR COULD START FLYING FROM KHARKIV INTERNATIONAL AIRPORT IN 2019

The Kharkiv international airport is holding the negotiations with Ireland’s low cost airline Ryanair on the launch of flights to Germany, Poland and the Mediterranean countries, Commercial Director of the airport Vladyslav Illin has said in an interview with the V Otpusk publication. “Regarding negotiations with Ryanair, the priority is to start flights to Germany and Poland. Kharkiv, as a market for new destinations, is somewhat similar to Kyiv and to some extent to Lviv in terms of business and family ties with these countries,” he said.
Also, according to Illin, among the countries where Ryanair could fly from Kharkiv, apart from Germany and Poland, I would like to see the Baltic states.
“I think that there is a great potential for the development of flights to Lithuania and Latvia. Passengers from Kharkiv fly less to Estonia. We also discuss flights to the Mediterranean countries with Ryanair. But these plans can only be realized from summer 2020. Indeed, flights to Germany and Poland are less subject to seasonality, “- he said.
At the same time, Illin said that the chance that Ryanair will fly from Kharkiv in the summer time is not great, since almost all aircraft have already used in loading the summer schedule of the airline.
Also, according to the commercial director of the Kharkiv airport, this year the Hungarian low-cost Wizz Air also plans to open new destinations from Kharkiv.
“Also, as in the case of Ryanair, we are discussing with Wizz Air, first of all, the opening of new flights to Germany. In general, in negotiations with Ryanair and Wizz Air, we consider it a priority to open new flights to Germany,” he said.

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KHARKIV INTERNATIONAL AIRPORT INCREASES PASSENGER TRAFFIC BY 23%

Passenger traffic at Kharkiv International Airport in February 2019 was 65,900 people, which is 23% more than in the same period of 2018.
According to the press service of the airport, the growth of passenger traffic was observed both on domestic flights (6% more) and on international flights (30% more).
As reported, in January 2019 passenger traffic at Kharkiv airport was 71,800 people, which is 20% more than in the same period of 2018.
Kharkiv Airport has a runway with a length of 2,500 meters and a width of 50 meters. There are two passenger terminals with a capacity of 100 and 650 people per hour in its territory.

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HYUNDAI CONSIDERS PARTICIPATION IN SUBWAY DEVELOPMENT IN KHARKIV

First Deputy Kharkiv Mayor Ihor Terekhov and Head of Representative Office of Hyundai Corporation in Ukraine Jeong Ilryoung have discussed a possibility of the company’s participation in some infrastructure projects being implemented in the city, in particular, in a tender to build subway and procurement of rolling stock for subway. “Our company has extensive experience in such projects in different countries, including those that used the same subway characteristics as in Kharkiv. We do turnkey work. We install our system and rolling stock. We work with the government of South Korea, therefore, would like to continue our cooperation at the government level in financing other urban projects,” the press service of the Kharkiv City Council reported, citing Jeong Ilryoung.
Terekhov said that Kharkiv provides absolutely equal conditions for all bidders and is interested in cooperation if Hyundai Corporation wins the tender.
He also said that, according to the technical conditions of the tender for procurement of rolling stock, it should be a new generation of energy-saving trains equipped with asynchronous engines.
In addition, the first deputy mayor of Kharkiv and the head of the Hyundai Corporation in Ukraine discussed possible cooperation in the development of ground-based urban electric transport.
“We discussed the possibility of attracting grant money from the Korean government to maintain rolling stock with the subsequent development of a project to upgrade the tram fleet. However, I will emphasize that this should be a comprehensive solution – we need not only to buy new trains, but we also need to update the tram tracks. For example, first, you need to repair certain routes, and after that put new trams on them,” Terekhov said.

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KHARKIV INTERNATIONAL AIRPORT BOOSTS PASSENGER TRAFFIC BY 20%

Passenger traffic at Kharkiv International Airport totaled 71,800 people in January 2019, which was 20% up year-over-year (59,500 people), the airport’s press service said.
The following flights were popular: Istanbul (Turkish Airlines, Pegasus), Kyiv (UIA), Sharm El Sheikh (SkyUp, Windrose, Azur Air Ukraine, UIA, Bravo Airways), Warsaw (LOT), and Vienna (Wizz Air).
As reported, in December 2018, the airport handled 78,600 passengers, which was 30% more than in the same period of 2017.
Kharkiv Airport’s runway is 2,500 meters long and 50 meters wide. There are two passenger terminals at the airport, their capacity is 100 and 650 people per hour.
The airport is managed by DCH through New Systems AM. DCH was established on the basis of assets previously informally dubbed as the UkrSibbank Group, after two partners of this group, Oleksandr Yaroslavsky and Ernest Galiev, decided to split them.

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