Business news from Ukraine

Business news from Ukraine

HUNGARIAN LOW COST WIZZ AIR LAUNCHES FLIGHTS FROM LVIV TO LARNACA

Hungarian low cost Wizz Air launches flights from Lviv to Larnaca
The Hungarian low cost airline Wizz Air on Monday, October 28, launched direct flights from Lviv to Larnaca (Cyprus).
According to the airline’s reservation system, flights will be operated twice a week on Mondays and Fridays. The flight duration is three hours.
The cost of one-way ticket without baggage is UAH 709.
As reported, from March 2020 Wizz Air launches flights from Zaporizhia to Gdansk, Wroclaw, Krakow (all based in Poland), Vienna (Austria), Vilnius (Lithuania), and Budapest (Hungary).
Wizz Air, the largest low cost carrier in Central and Eastern Europe, offers flights on more than 600 routes from 25 bases, connecting 145 destinations in 44 countries. The airline fleet consists of 120 Airbus A320 and Airbus A321 aircraft.

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EUROPEAN INVESTMENTBANK TO PROVIDE EUR 450 MLN FOR CONSTRUCTION OF LVIV NORTHERN BYPASS

The European Investment Bank (EIB) has approved the provision of a credit line of EUR 450 million to finance the construction of Lviv Northern bypass and the rehabilitation of sections of M-05 highway in Cherkasy, Kirovohrad, Mykolaiv and Odesa regions in Ukraine.
According to the report of the bank, its Board of Directors approved the project on October 15, 2019.
The EIB said that the investments will improve the quality of the extended TEN-T network (Trans-European Transport Network) by creating safer road conditions and reducing environmental pollution. In addition, the Lviv Northern bypass will shorten travel time and divert traffic from the city of Lviv.
The bank said that the EIB will require the Promoter to ensure that any procurement procedures are done in accordance with the Bank’s Guide to Procurement and the relevant applicable EU public procurement rules.
According to the report, the total cost of the framework project is around EUR 1.05 billion. Other sources of financing are not disclosed.
As reported, the European Bank for Reconstruction and Development (EBRD) and JSC Ukrzaliznytsia intended on October 21, 2019 to announce tender procurement of materials for modernization of TEN-T tracks for $100 million raised by the company from the bank.

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UKRAINIAN LOW COST AIRLINE SKYUP STARTS FLIGHTS FROM KYIV TO LVIV

Ukrainian low cost airline SkyUp (Kyiv) on October 17 launched Kyiv-Lviv flights.
The press service of the airline reported that before October 26, 2019, the flights will be operated twice a week – on Thursdays and Sundays. From October 27, the number of flights will increase to four per week – on Mondays, Tuesdays, Fridays and Sundays. The cost of a ticket without baggage starts from UAH 508.
“Today, we have launched flights between two Ukrainian cities with million population – Kyiv and Lviv… We will continue further developing internal flights, because this is one of the priority areas of our strategy,” the press service of SkyUp airlines said, citing CEO Yevhen Khainatsky.
In addition, SkyUp said that also on October 17, 2019, Kharkiv-Lviv flights were launched.
SkyUp Airlines LLC was registered in Kyiv in June 2016. The founder is ACS-Ukraine LLC of Tetiana and Yuriy Alba, who also own JoinUp! tour operator.

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PAPER AND BOARD COMPANY FROM LVIV SEES 9% RISE IN PRODUCTION

Paper and Board Company (Lviv), the producer of packaging cardboard tubes and hygienic paper products, in January-August 2019 saw a 9% rise in production year-over-year, to UAH 421.6 million. According to the Ukrpapir association, the company increased production of base paper for hygienic paper products by 15% over the period, to 4,480 tonnes, production of box cardboard fell by 3.4%, to 15,700 tonnes.
Toilet paper output grew by 8.5%, to 2.7 million rolls.
Paper and Board Company was established in 1946 on the basis of the production facilities of a small mechanical plant. Currently it produces goods and semi-finished products from waste paper (cardboard sheets, corners, tubes) and pulp paper (toilet paper, towels, napkins).
The company exports its products, in particular to Poland, Germany, France, Austria, Italy, Portugal and Romania.

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LVIV AIRPORT INCREASES PASSENGER TRAFFIC BY 41.2% IN JAN-JULY

Passenger traffic at Lviv International Airport in January-July 2019 amounted to 1.192 million people, which is 41.2% more than in the same period of 2018, according to the official page of the airport on Facebook.
The number of flights in January-July reached 10,551 (9,086 international, 1,465 domestic), which is 24.4% more than in January-July last year.
In July 2019, some 243,000 passengers (224,400 on international flights and 18,600 on domestic flights) used the airport services, which is 25.8% more than in the same period of 2018.
At the same time, the number of serviced flights last month increased by 20.5%, to 1,933. Some 1,697 passengers were transported on international flights and 236 on domestic flights.
As reported, in 2018 the airport raised passenger traffic by 48% compared with 2017, to 1.598 million people.
Lviv International Airport is located 6 km south of the city center.

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SKYUP TO LAUNCH DIRECT FLIGHTS BETWEEN KHARKIV AND LVIV FROM OCTOBER, TO LINK KYIV WITH KHARKIV AND ZAPORIZHIA

Ukrainian low-cost airline SkyUp Airlines (Kyiv) will launch three new domestic flights from October, the company said on its website.
What is more, the frequency of SkyUp flights between Kyiv and Lviv will increase.
The Kyiv-Zaporizhia flight fare starts from UAH 498. The flights will be carried out on Monday, Tuesday, Wednesday, and Friday starting from October 28, 2019.
The Kyiv-Kharkiv flight fare starts from UAH 498. The flights will be available on Monday, Wednesday, and Friday starting from October 25, 2019.
Flights between Kharkiv and Lviv will be launched for the first time in Ukraine; tickets will cost starting from UAH 639. The flights will be carried out on Thursday and Sunday from October 17, 2019.
The airline stressed that the development of domestic routes is what SkyUp can do and continues doing for Ukraine.
“SkyUp Airlines is now fighting for its right to fly. Every day we are trying to get better. You wanted to open Europe – we launched flights to Barcelona, Paris and Naples. You liked the holidays in Lviv – we reviewed our winter flight schedule. Now after one hour on board the plane, you will be able to have lunch with partners in Kharkiv, or enjoy time with friends from Lviv – at the price of a train ticket,” the company’s press service quotes CEO Yevhen Khainatsky are quoted as saying.
Tickets for the three destinations are already available for booking.
As was reported, SkyUp, which was set up in June 2017, transported 668,500 passengers in the first half of 2019.
Currently, its fleet consists of eight planes: six Boeing 737-800 and two Boeing 737-700.

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