Business news from Ukraine

Business news from Ukraine

H&M STORES COULD BE OPENED IN KARAVAN MALL IN KHARKIV, DNIPRO

DCH Infrastructure and Real Estate (DCH I&RE), part of businessman Oleksandr Yaroslavsky’s DCH Group, is negotiating with Sweden’s retailer H&M on the opening of stores in regional shopping and entertainment centers Karavan in Kharkiv and Dnipro.
DCH I&RE CEO Daniil Vladov said in an interview with Interfax-Ukraine that it is inexpedient to attract H&M store to the Karavan mall in Kyiv, as the mall will be gradually reformatted into an outlet center.
“The H&M brand does not enter the outlet format. At the moment, they do not need this format, and they do not have it as such. We are negotiating with them, and I think they will enter our regional projects in Kharkiv and Dnipro,” Vladov said, commenting on a possibility of attracting H&M to the pool of the new outlet center as a result of changing the concept of the Karavan shopping and entertainment center in Kyiv.
DCH Infrastructure and Real Estate plans on June 1, 2019 to partially close the Karavan shopping and entertainment center in Kyiv located at 12, Luhova Street for a phased reformatting of the facility into an outlet center.
DCH Infrastructure & Real Estate is the management company of the Karavan retail and entertainment centers network in Kyiv, Kharkiv, and Dnipro. It functions as the development division of the DCH Group of Yaroslavsky, whose range of investment interests includes construction and development, finance, industry, mining, engineering, metallurgy, transport, and other spheres.

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KHARKIV AIRPORT SEES 42% RISE IN PASSENGER FLOW IN MARCH

The Kharkiv International Airport serviced 83,400 passengers in March 2019, which is 42% more than during the same period in 2018, according to the company’s press service.
The most popular destinations were Sharm el Sheikh, Istanbul, Kyiv, Wien, Warsaw, Dortmund, Wroclaw, Katowice, Gdansk, and Minsk.
As reported, passenger traffic at the Kharkiv International Airport in February 2019 was 65,900 people, which is 23% 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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RYANAIR WILL FLY FROM ODESA AND KHARKIV TO POLISH POZNAN

Ryanair, the largest low-cost airline in Europe, will fly from Odesa and Kharkiv to Poznan from October 30 and 27 respectively, according to the airline’s ticket booking system.
Flights from Kharkiv to Poznan will be operated from October 27 twice a week on Tuesdays and Sundays with departure at 22:00 from Kharkiv and at 18:00 from Poznan.
Ryanair will launch Odesa-Poznan flights from October 30 with a frequency of twice a week. Departure from Odesa will be at 21:30 on Wednesdays and at 10:30 on Saturdays, departure from Poznan will be at 17:45 on Wednesdays and at 06:30 on Saturdays.
The minimum one-way ticket price for these destinations starts from EUR28.
The booking system also indicates that both destinations are seasonal.
Such airlines as LOT, Lufthansa, Austrian Airlines fly from Odesa to Poznan, while LOT and Belavia from Kharkiv.

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WIZZ AIR WILL LAUNCH FLIGHTS FROM KRAKOW TO KHARKIV

The Hungarian low-cost air carrier Wizz Air will launch flights from Krakow (Poland) to Kharkiv a month and a half earlier, from August 2, 2019 (previously planned from September 16), according to the airline’s booking system.
Kharkiv-Krakow flights will be carried out on Mondays and Fridays (departure to Krakow at 17:35, back at 14:05 local time).
As reported, Wizz Air is considering the possibility of resuming the work of the Ukrainian subsidiary Wizz Air Ukraine in 2019, and also plans to invest $2.5 billion by 2025 to increase the Ukrainian fleet to 20 new Airbus A320 and Airbus A321 aircraft.
Wizz Air, the largest low-cost carrier in Central and Eastern Europe, offers flights on more than 600 routes from 27 bases, connecting 145 destinations in 44 countries. The airline’s fleet consists of 89 Airbus A320 and Airbus A321 aircraft.

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AGROLIGA FROM KHARKIV SEES 38% RISE IN PROFIT IN 2018

The Agroliga group of companies (Kharkiv region) saw EUR 5.75 million in net profit in 2018, which is 38.2% more than in 2017.
According to a report of the holding company of the group – Agroliga Group Plc – on the Warsaw Stock Exchange (WSE), revenue slightly fell, to EUR 21.65 million.
Gross profit last year rose by 1.7%, to EUR 6.06 million and operating profit – by 44.9%, to EUR 5.98 million.
Earnings before interest, taxes, depreciation and amortization (EBITDA) grew 1.6-fold, to EUR 7.01 million. Net debt increased 2.1-fold, to EUR 11.01 million.
Assets expanded 1.7-fold, reaching EUR 42.19 million as of December 31, 2019.
Agroliga has been operating on the Ukrainian agricultural market since 1992. Its enterprises are engaged in growing grain crops, processing sunflower seeds, and dairy farming.
The group cultivates about 10,000 hectares of land.
The majority shareholders of the group are Oleksandr Berdnyk with a share of 41.66%, and Iryna Poplavska with 41.66%.

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SKYUP AIRLINE TO LAUNCH NEW FLIGHTS FROM KHARKIV AND ZAPORIZHIA

Ukraine’s SkyUp airline will service flights from Zaporizhia to Barcelona and from Kharkiv to Barcelona, Larnaca, Rimini and Kutaisi, the airline has reported.
Flights Zaporizhia-Barcelona and Kharkiv-Barcelona will be serviced from May 25, 2019 on Wednesdays and Saturdays, the price of one-way tickets without luggage starts from UAH 2,875 and UAH 3,025, respectively.
Flights Kharkiv-Larnaca will be operated from May 30 on Thursdays, the price of one-way tickets starts from UAH 2,346.
Flights Kharkiv-Rimini will be launched from June 2 on Sundays, the one-way ticket price starts from UAH 2,617, Kharkiv-Kutaisi – also from June 2 on Tuesdays and Fridays, with one-way tickets price starting from UAH 2,210.
In October 2018, SkyUp received a Third Country Operators (TCO) certificate that allows flying to 28 countries of the European Union, as well as to Switzerland, Norway, Iceland, and Liechtenstein.
SkyUp Airline LLC was registered in Kyiv in June 2016. The founder of SkyUp was ACS-Ukraine belonging to Tetiana Alba and Yuriy Alba, who also own JoinUp! tour operator.

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