Business news from Ukraine

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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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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