Business news from Ukraine

Business news from Ukraine

Restrictions on movement of freight transport in Kyiv

Restrictions have been imposed on the movement of trucks in Kyiv, the press service of the Kyiv Patrol Police reports on its Telegram channel.

“Temporary traffic restrictions apply to heavy vehicles with a total weight of more than 24 tons, an axle load of more than 7 tons and apply to both entry to Kyiv and movement in the city. The duration of the restriction may vary depending on the temperature. So follow the latest information on our Telegram channel,” the statement said.

The police reminded that the main purpose of such measures is to preserve the road surface, which is destroyed due to the heavy traffic of heavy vehicles in hot weather.

,

In June, hotel occupancy in Kyiv was highest since beginning of war – study

Ukraine’s hotel market has stabilized amid the war, with the highest activity in the west of the country and a slow recovery in Kyiv, according to a study by EY Ukraine.

“We can state that the market has stabilized in the new realities. Lviv, Bukovel and western Ukraine in general have very positive indicators, while Kyiv’s are quite low. In the capital, hotel occupancy is 15-25%, while before the war, the normal rate was 50-60%,” said Rostyslav Khoma, Head of Real Estate Advisory Services at EY Ukraine, at the conference “Analytics of the Ukrainian Real Estate Market: First Half of 2023”.

According to the company’s research, in Lviv and Bukovel, hotel occupancy in June 2023 was about 50-60%, while in Kyiv it was about 25%. At the same time, occupancy in the capital has shown moderate growth since January 2023, and June showed the highest occupancy rate in Kyiv since the start of the full-scale war.

“At the moment, we do not yet see any grounds for a sharp change in the level of loading in Kyiv given the current situation,” Khoma said.

In the first half of the year, the main income of hotels was directly from accommodation, while the food & beverage category and conference functions brought less money.

According to the expert, further recovery and development of the hotel market depends on the military and macroeconomic situation in the country.

“If the war ends quickly, there are more positive expectations due to the possible resumption of air travel, a potential increase in foreign tourists. However, it will take some time until tourists are convinced that it is safe to travel to Ukraine. In the event of a protracted war, however, the emphasis will have to be on domestic tourism. Given the restrictions on men traveling abroad, domestic tourism will be a key driver of demand in the medium and long term,” Khoma summarized.

,

Kyiv Pasta Factory Launches Production of New Type of Pasta

Kyiv Macaroni Factory LLC has mastered the production of a new type of product – bows – using previously installed equipment that had been idle for a long time, said the company’s owner, Alexander Barsuk.

“One of the most complex elements of pasta is butterflies (bows). Kyiv Pasta Factory has mastered the production of this product. This is not new equipment, although it is from a well-known European manufacturer. Previously, it refused to work, and everything was somehow wrong. They also blamed the flour. But we found better flour and set up production. The first batches already have a guaranteed order,” he wrote on Facebook.

According to the owner of the company, the new product will be packaged in 800-gram packages.

Answering customers’ questions about why the product is not packaged in kilogram packages, he explained that all packs on supermarket shelves should be the same size. The type of pasta – bows – is bulky and does not fit in a standard pack.

Mr. Borsuk added that the company is working on new types of pasta, which it will soon introduce to customers.

According to the website of the Kyiv Pasta Factory, which is part of the Yaroslav Group (Kyiv), it is the largest pasta company in Ukraine. Its products are supplied throughout the country and to neighboring countries.

In 2022, Kyivska Macaroni Factory LLC reduced its net loss to UAH 4.576 million from UAH 8.19 million a year earlier, and its revenue to UAH 103.244 million from UAH 116.906 million.

According to Yaroslav’s website, its production facilities include Yaroslav PE (Kyiv), Promin Factory (Dymer, Kyiv region), Boguslav Clothing Factory (Kyiv region), Steblivska Cotton Spinning and Weaving Factory (Cherkasy region), and Krolevets Clothing Factory (Sumy region).

The main specialization is the production of bed linen, rugs, blankets, mattresses, goods for children, and kitchen textiles.

Yaroslav’s director and owner, Oleksandr Borsuk, previously reported that he annually invests about $1 million in equipment and modernization of production facilities.

, , ,

Kyiv Confectionery Factory Roshen to increase its authorized capital by UAH 0.5 bln

PrJSC Kyiv Confectionery Factory Roshen, a part of Roshen Corporation, intends to increase its authorized capital by 33.2%, or UAH 500 million, to UAH 2.006 billion through an additional share issue.
According to the company’s announcement in the NSSMC’s information disclosure system, the investor will be its subsidiary Confectionery Corporation Roshen, which already owned 96.9017% of the shares at the end of the first quarter of this year.
Taking into account the additional issue, the share of the majority shareholder may reach 97.674%.
It is specified that the shareholders’ meeting will consider the issue of increasing the authorized capital on August 16 this year, in particular, the non-use of the shareholders’ preemptive right to purchase shares of the additional issue and its implementation in one stage.
In total, it is planned to issue 2 billion ordinary registered shares with a par value of UAH 0.25, with the sale price to be determined by the Supervisory Board.
Roshen Corporation is one of the top 30 largest confectionery manufacturers in the world. It includes Kyiv, Kremenchuk, two Vinnytsia confectionery factories and Vinnytsia Dairy Plant, a biscuit complex in Boryspil (Ukraine); Klaipeda Confectionery Factory (Lithuania) and Bonbonetti Choco factory (Hungary). Production activities at the Lipetsk factory (Russia) have been suspended since April 1, 2017.
The corporation produces about 320 types of confectionery products. The total production volume reaches 450 thousand tons of products per year.
Roshen’s network of branded stores in Ukraine includes about 70 stores in different regions of the country. The first one was opened in 2009 in Kyiv.
In 2022, PrJSC Kyiv Confectionery Factory Roshen posted a net loss of UAH 984 thousand compared to UAH 25.779 million in profit a year earlier, while the company’s revenue decreased from UAH 979.286 million to UAH 903.195 million.
The ultimate beneficiary of the company is Oleksiy Poroshenko, the son of former President of Ukraine Petro Poroshenko.

, ,

Kyiv to spend over UAH 1.1 bln on security and defense in 2023

Kyiv will increase funding for security and defense forces in 2023 compared to last year from almost UAH 850 million to over UAH 1.1 billion, Kyiv Mayor Vitali Klitschko has announced.

“This year, Kyiv will allocate more than UAH 1.1 billion to finance the security and defense forces of the capital. This is to help the Armed Forces, border guards, and police. Almost 350 million hryvnias have already been allocated from these funds,” he wrote on his Telegram channel on Thursday.

Klitschko reminded that “last year, Kyiv allocated almost UAH 850 million from the city budget to support the security and defense forces.”

“This money is spent, in particular, on military uniforms, bulletproof vests and helmets. It is also used to purchase drones, radio stations, repair military equipment, and transport. We also send aid to the front line that we raise ourselves – from international partners. We have sent vehicles, drones, Starlink systems, generators, and first aid kits. And we continue to do so,” Klitschko wrote.

, ,

Kyiv-based Dobrobut continues to develop its mobile application for customers

During the year of operation from July 2022 to June 2023, 106 thousand sessions were recorded in the Dobrobut mobile application (the number of times the application was used by one client).

Dobrobut told Interfax-Ukraine that 67 thousand sessions were recorded on the iOS system and 39 thousand on the Android system.

On average, the system records 7,500 appointments for services through the app per month, with the most popular service being an appointment for a doctor’s consultation.

On average, a client views 10 pages on iOS or six pages on Android in one session.

In total, 40% of the app’s sessions were used for making an appointment and paying for services, 30% for viewing documents (doctor’s report, test results, etc.), and 30% for searching for a doctor or viewing a doctor’s profile.

Dobrobut Medical Network launched its mobile application in 2016.

The application allows access to digital medical services on the phone: making an appointment with a doctor at any Dobrobut medical center, viewing consulting opinions, research results, paying for services, making an appointment for online doctor’s explanations, and much more.

The app allows you to link medical records of children and other family members to your profile after verification. With the ability to open multiple profiles, you can collect the medical records of the entire family in one place, as well as make appointments and pay for treatment from one account.

The Documents section stores the doctor’s notes made after each visit, consultative conclusions, test results, research, and other medical documents. It is also possible to upload additional user documents, which will be stored in the same section.

“Dobrobut is one of the largest private healthcare networks in Ukraine. The company’s portfolio includes 17 medical centers in Kyiv and Kyiv region, an emergency service, dentistry, and pharmacies. The medical centers of the network provide services for children and adults in more than 75 medical areas. Every year, Dobrobut specialists perform more than 7,000 surgeries. The network employs 2,700 people.

Thanks to cooperation with international charities such as Direct Relief International, Children of War Foundation, International Medical Corps and University of Miami Global Institute, as well as the work of the Dobrobut Foundation, the network’s clinics continued to operate even during the hostilities and provided a significant part of medical services free of charge for months. Since the first days of the war, the Dobrobut Medical and Diagnostic Center in Kyiv has been providing emergency medical care to Ukraine’s defenders and people wounded in the fighting 24/7 free of charge. Thanks to the activities of the charitable foundations Direct Relief International and Dobrobut Foundation, the Dobrobut Medical and Diagnostic Center provides free medical care to wounded soldiers and people in difficult situations due to the hostilities.

, ,