Business news from Ukraine

11TH INTERNATIONAL UKRAINIAN ENERGY FORUM TO TAKE PLACE AT INTERCONTINENTAL HOTEL IN KYIV ON FEBRUARY 25-27, 2020

Adam Smith Conferences is proud to announce the 11th international Ukrainian Energy Forum, which will take place at the InterContinental Hotel, in Kiev on 25-27 February 2020.
For the 11th year, Adam Smith Conferences is bringing together the key decision-makers in the Ukrainian energy market at the flagship Ukrainian Energy Forum. This time we will welcome 450+ delegates in Kyiv, Ukraine on 25-27 February 2020 for the three days of intensive expert exchanges, evaluating business opportunities for 2020 onwards and targeted networking with international and Ukrainian top-level business executives.
With this invitation via Interfax Ukraine you are entitled to a 15% discount.
Simply quote your VIP code: EUC015mINT. REGISTRATION ONLINE.
See the conference agenda here
WHAT’S NEW IN 2020?
Hot topics:
– Reviewing the new government energy strategy for 2030
– Updates on transit contract negotiations and analysis of changes in supply patterns
– The potential for LNG as a viable option for resource diversification
– Presenting new internationally supported projects aimed at energy independence
– Getting to know the new independent GSTO
– Summing up the first year of online licensing rounds for E&P
– Overview of the first 6 months for the liberal power market
– Green tariffs and renewable energy auctions updates
New features:
– Women in energy networking lunch
– Interactive live polling: drawing conclusions on 2019
– Exclusive masterclass on transformational leadership in the energy sector
– Business opportunity roundtables with E&P and energy generating companies
– Innovation hub on technologies for the energy sector
– …and more to come!
We are pleased to announce some early speaker confirmations for 2020:
– Andriy Kobolev, CEO, Naftogaz Group
– Andriy Gerus, Head of Committee on Energy, Housing and Utilities Services, Verkhovna Rada of Ukraine
– Roman Opimakh, Chairman, State Service of Geology and Mineral Resources of Ukraine
– Janez Kopac, Director, The Energy Community
– Andriy Zhupanyn, Head of Gas Market, Transit and Supply Subcommittee, Committee on Energy,
Housing and Utilities Services, Verkhovna Rada of Ukraine
– Volodymyr Evdokimov, Managing Director, Market Operator
– Igor Schurov, General Director, DTEK Naftogaz
– Georgiy Rudko, Chairman, State Commission for Mineral Resources of Ukraine
– Oleg Nikonorov, Managing Director, Regional Gas Company
– Yaroslav Mydriy, Managing Partner, ERU Trading
– Orkhan Vahabov, Deputy CEO for Business and Strategy, SOCAR
– Matthew Monteverde, VP, Commodity Markets, Argus
– Dmytro Fedoruk, Partner, Redcliffe Partners

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NEW YEAR`S SHOWS ARE TAKING PLACE NEAR KYIV

The real New Year`s extravaganza reigns in Ancient Kyiv in the Principality of Kyivan Rus («Kyivan Rus Park»). Beginning from December, 14 in the largest historical-entertaining complex near Kyiv the festive «Winter fairy tale» show-programs cycle for children and adults, including the New Year`s night on December, 31 is taking place.
Already from December, 14 the Main New Year`s Residence is open in the Principality, where the good wizard meets children and adults and every guest can put his letter in the magic wish box.
The real fairy tale in the Kyivan Rus style with horse-trick performances, theatrical stagings with costumed historical characters, traditional Slavic amusements, live vocals and fiery round dances will be waiting for the guests.
Also the visitors are awaited by walks on a horseback, rides in sledges or carriages, hot drinks and tasty dishes prepared on fire, medieval tinctures, zip line «Politaylo» and the speed slide «Firedrake», festive photo location, master-classes, the location of the fortune-teller, flash mobs, games, competitions and the gifts lottery.
The inhabitants of the Principality will light hot fires on the territory and will invite all the guests to take part in winter amusements and merry round dances.
The cooks of Ancient Kyiv will please everyone in the warm Princely tavern and in the medieval kitchens with hot drinks and tasty dishes prepared on fire.
The thrilling musical performance «Gogol-mogol» with special effects and lights will be the highlight of the fairytale program. The horses of rare ancient breeds will participate in the performance together with people, the actors-stuntmen. The musical performance is filled with sparkling humor and will be interesting for both children and adults. All the guests can become the participants of the action.
(The performance takes place on December, 14-15, December, 19, December, 21-22, December, 25, December, 28-29, on January, 2 till 7 and on January, 11-12.)
On December, 25 the “Christmas in Ancient Kyiv” festive performance based on Slavic mythology, with horse-trick performances, costumed characters and the interactive musical performance show will be taking place. Also the Christmas nativity scene in the ancient Slavic language will come to life in front of the guests of Ancient Kyiv. After this the master-class on learning and singing Christmas carols will be waiting for the viewers.
On the New Year night on December, 31 2019 from 20:00 to January, 1 2020 a grandiose show with the New Year`s masquerade, the twin show, horse performances, love vocals, interactive musical performance with fire special effects will be taking place in the Principality. Ancient Kyiv will shine with multicolored lights and garlands, bonfires and torches. Also the guests will be awaited by tasty dishes prepared on fire, hot drinks and medieval tinctures, free horse riding (from 19:00 till 21:00), gifts and treats for everyone and finally – fireworks. The end of the program around 3:00.
The main events of the program:
December, 20 2019 – New Year program “Magic Town”
December, 21-22 2019 – New Year performance “Winter Fairy Tale”
December, 23-24 2019 – New Year program “Magic Town”
December, 25 2019 – New Year performance “Christmas in Ancient Kyiv”
December, 26-27 2019 – New Year program “Magic Town”
December, 28-29 2019 – New Year performance “Winter Fairy Tale”
December, 30 2019 – New Year program “Magic Town”
On the night on December, 31 2019 from 20:00 to January, 1 2020 – the New Year`s night in Ancient Kyiv.
January, 1 2020 – New Year program “Magic Town”
January, 2-5 2020 – New Year performance “Winter Fairy Tale”
January, 6-7 2020 – New Year performance “Christmas in Ancient Kyiv”
January, 11-12 2020 – New Year program. Old New Year
January, 18-19 2020 – the Epiphany holiday in Ancient Kyiv
Ancient Kyiv opens at 10:00. The program starts at 13:00.
The ticket price for «Winter Fairy Tale»:
Full adult ticket:
December, 14-24, December, 26-30, January, 2-5, January, 11-12, January, 18-19 – 190 Uah.,
December, 25, January, 6-7 adult ticket – 200 Uah.
for pensioners and students – 150 Uah.,
for schoolchildren – 80 Uah.,
for preschool children – for free.
The ticket price for the New Year`s night: full adult ticket – 395 Uah., for pensioners and students – 250 Uah., for schoolchildren – 150 Uah., for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in the vill. Kopachiv, Obukhiv district, Kyiv region.
Route taxis leave from Kyiv from the «Vydubychi» metro station, see the schedule on the website.
Details on the website parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for the adult ticket (at full price) to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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SECONDARY INVESTMENTS IN COMMERCIAL REAL ESTATE IN KYIV AND SUBURBS IN JAN-JUNE AMOUNTES $131 MLN

Secondary investments in commercial real estate in Kyiv and the suburbs in January-June 2019 amounted to $131 million, while at the end of 2018 this figure was $328 million, according to a study by Cushman & Wakefield consulting company. According to the company, the main areas of investment in the first half of the year were office and retail real estate.
For the nine months of 2019, secondary investments in office real estate in Kyiv and the suburbs increased by 6% compared to the same period in 2018, to $89 million. At the same time, investments in logistics real estate decreased by 58%, to $10 million.
According to the analysis, profitability rates of high-quality facilities in January-September slightly decreased (by 0.5 percentage points), but generally remained at the level of indicators for 2018. Thus, by the end of the third quarter, the indicator for offices was 11.5%, for warehouse facilities some 12.25%.
Cushman & Wakefield (formerly DTZ) was founded in New York in 1917. The company is a consultant in the field of commercial real estate with an annual income of $6 billion. Cushman & Wakefield operates in more than 70 countries, the number of employees is 45,000 people.
Prior to the global merger of Cushman & Wakefield and DTZ consulting companies in 2015, the Ukrainian office worked under the DTZ brand.

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KYIV AIRPORT EXPECTS RISE IN PASSENGER TRAFFIC IN 2020

Kyiv Zhuliany International Airport intends to serve 2.6 million passengers in 2019, which is more than 7% less than in 2018, Denys Kostrzhevsky, the head of the airport’s board of directors, has said. “I won’t say that we have a catastrophic decline in growth rates. Compared to last year, when we transported almost 2.8 million people, this year we expect to service 2.6 million passengers. That is, the decrease in passenger traffic will be about 8%. I even won’t call it a fall, it’s an adjustment. In 2018, Kyiv airport showed an explosive growth – we grew by 52% compared to 2017. This year there will be a drop in passenger traffic. This is not a catastrophic drop,” he said in an interview with Interfax-Ukraine.
At the same time, he noted that in 2020 passenger traffic growth is expected.
“The airline’s plans for scheduled flights are quite conservative and long-term. At present, we already know the airline’s plans for spring-summer navigation, until October 2020,” he added.
According to forecasts announced at the international conference Global Airport Development in Dublin (Ireland), in the medium term the growth rate of passenger traffic in the world will be 5-8% per year.
“In Ukraine, the market is underestimated and underdeveloped due to low purchasing power … We have been slowing down for a long time and now we must catch up with the world figures for the number of flying citizens per capita. All this is closely connected with state policy. If the economic and political situation in the country allow saying that business and the economy are developing steadily, household incomes are growing, respectively, and aviation growth will be large,” he said.

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KYIV SIKORSKY AIRPORT PLANS TO EXTEND RUNWAY, COST OF PROJECT IS UP TO EUR 100 MLN

Kyiv Sikorsky Airport (Zhulyany) is to extend its runway and improve the characteristics of landing approach systems, Denys Kostrzhevsky, head of the airport’s board of directors, has said. “Kyiv Airport has a runway whose length is 2,350 meters. It is located in the central part of the city. Accordingly, its landing approach systems allow aircraft to land and take off under certain weather conditions. To be able to service aircraft in any weather conditions and handle larger aircraft, Kyiv Airport needs to upgrade the category of the airfield,” he told Interfax-Ukraine in an interview.
Kostrzhevsky noted that a master plan for the reconstruction of the airfield had already been developed, it has five different options. Each of them foresees an extension of the runway by 550 meters, improvement of the characteristics of landing approach systems (lighting navigational aids and radio navigation equipment). The estimated cost of the project ranges from EUR 80 million to EUR 100 million.
“The city needs to solve two problems. The first is to allocate plots of land, the second is either to disburse or raise money. There are different ways to raise money: one may take a loan or call a concession tender. If the city decides on concession, then, of course, Master Avia, the airport operating company, will participate in this tender,” the top manager said.
If such a decision is not taken, there may be loans, he added. “Perhaps it will be financing from the municipal budget or there will be a lease with an investment obligation. We do not know this,” he said.
According to him, in particular, the airport asks to allocate 12 hectares of land at the ends of the runway. Currently, the documents are under approval.
“We are in dialogue with the authorities. How quickly the approval will be depends on Kyiv City State Administration and Kyiv City Council. They have been there for eight months. I hope we will get certain results soon,” Kostrzhevsky said.

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ONE MLN PASSENGERS USE EXPRESS TRAIN FROM KYIV TO BORYSPIL AIRPORT

About one million passengers used the services of the Kyiv Boryspil Express train from Kyiv to Boryspil International Airport (Kyiv) over the year, the press service of JSC Ukrzaliznytsia (Kyiv) has reported, with reference to head of the company Yevhen Kravtsov.
“I’m sure no one will argue now that the express train to Boryspil airport is needed. During its first year of operation, it made about 10,000 trips and transported almost one million passengers. And this is the indisputable evidence of success of this project,” Kravtsov said.
The report notes that a record number of passengers was transported in August and September 2019 with 98,200 and 107,600 people respectively. The most popular trains are No. 842 Kyiv-Boryspil at 17:50 and No. 845 Boryspil-Kyiv at 19:17.
According to the head of Ukrzaliznytsia, the company plans to further develop this project. Currently, the reconstruction of the Vydubychi station is nearing completion, where a stop platform for the express train will be built.
“Vydubychi station will turn into a transport hub that will combine bus transportation, railways, subway and air transport. In addition, a diesel train manufactured by Kriukov Car Building Works is expected for this route. And this is an additional 170 seats,” he said.
Over a day, express trains carry out 57 trips and carry 2,500 passengers.

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