Business news from Ukraine

FLYNAS AIRLINES PLANS TO LAUNCH NEW FLIGHTS FROM SAUDI ARABIA TO LVIV (UKRAINE)

Flynas Airlines (Saudi Arabia) will start operating direct regular flights from Riyadh to Lviv from July 3.
According to the information on the airline’s website, flights will be operated twice a week.
In addition, direct flights of the airline from Jeddah to Kyiv will be launched on July 2. They will be operated three times a week.
Earlier, the Ukrainian SkyUp Airlines announced the launch of charter flights from Lviv to Saudi Arabia (Al-Qassim).

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SKYUP LAUNCHES FLIGHTS TO SAUDI ARABIA AND CROATIA

SkyUp Airlines (Kyiv) has launched charter flights from Lviv to Al-Qassim (Saudi Arabia), the company’s press service said on Tuesday.
“On 20 June, Lviv International Airport welcomed the first SkyUp charter aircraft from Al-Qassim, Saudi Arabia. It is expected that this flight will launch a number of planned flights by the airline from the Arabian Gulf countries to Ukraine,” the report said.
According to Head of the State Agency for Tourism Development Maryana Oleskiv, who is cited by SkyUp, the countries of the Arabian Gulf, together with the Central Asia region, are priority areas for the development of inbound tourism in Ukraine.
In addition, on June 20, SkyUp launched regular direct flights from Kyiv to Pula (Croatia). They will be operated on Thursdays and Sundays.
From June 23, the airline will also launch flights from Kyiv to Split, Croatia (flights will be operated on Wednesdays and Saturdays), and from June 25 – to Dubrovnik (flights will be operated on Fridays).
Direct flights to Pula are also operated by Ukraine International Airlines (UIA) and Windrose Airlines, and to Split – by UIA.
As reported, Flynas Airlines (Saudi Arabia) on June 11 launched its first flight from Kyiv to Riyadh. Prior to that, Ukraine did not have regular direct flights with Saudi Arabia.

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UKRAINIAN COMPANY ENTERS SAUDI ARABIA MARKET WITH HONEY

Ascania-Pack, part of the Ascania muti-profile Ukrainian holding, has started exporting honey to Saudi Arabia.
According to a company press release on Monday, the first batch of 12.2 tonnes was shipped in December.
“Saudi Arabia has become the eighteenth country in the world where the company exports cream honey for the retail market, including the United States, Canada, Singapore, Iraq, Qatar, as well as European countries,” the company said.
Ascania-Pack is a large Ukrainian exporter of honey, has its own production, which allows processing more than 20,000 tonnes of honey per year.

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UKRAINE AGREES ON VET CERTIFICATE FOR DAIRY EXPORT TO SAUDI ARABIA

The State Service of Ukraine for Food Safety and Consumers’ Rights Protection has agreed on the form of the international veterinary certificate for milk and dairy export to the Kingdom of Saudi Arabia.
This was reported on the website of the state service on June 24.
As reported, Ukraine agreed on certificates for export of dairy products to Oman and Qatar as well as for export of beef and products made of it to Saudi Arabia.
In 2018, Ukraine opened 85 export markets for various types of products and increased the number of enterprises that received the right to export food products of animal origin. A total of 126 producers of the country can export food products to EU countries.

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UKRAINE, SAUDI ARABIA APPROVE VETERINARY CERTIFICATE FOR BEEF EXPORT

The State Service of Ukraine on Food Safety and Consumers’ Rights Protection and the authorized body of Saudi Arabia have approved the form of the international veterinary certificate for exports of Ukrainian beef and products made of it.
The Ukrainian authority posted the information on its website on Monday.
As reported, in January 2019, Ukraine and Singapore approved veterinary certificates for exports of poultry and products made of it, shell eggs and egg products from Ukraine.

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PIF OF SAUDI ARABIA WANTS TO INVEST UP TO $150 MLN INTO UKRAINIAN FARMING COMPANY

The Public Investment Fund (PIF), a sovereign wealth fund owned by Saudi Arabia and a global leader in the volume of investment in agriculture, with the acquisition of the Mriya farming company has made the largest investment in the Ukrainian agricultural sector over the entire period of Ukraine’s independence and plans to additionally invest large funds in the company, Head of Office of the National Investment Council of Ukraine Yulia Kovaliv has said.
“With acquiring Mriya’s assets, the PIF plans additional investments in the technology park and assets of the holding over the next two years in the amount of up to $150 million,” she told Interfax-Ukraine.
“We assume that the next step will be investment in transport and port infrastructure,” Kovaliv said.
In this regard, she pointed out the importance of adopting a new concession law, which is waiting for second reading in parliament. It can become a tool to attract this and other strategic investors to the transport sector.
“Potentially, the PIF is ready to consider projects in the energy and real estate sectors,” the head of Office of the National Investment Council also said.
As reported, Mriya Farming Plc (the U.K.) and SALIC UK Ltd. (Saudi Agricultural & Livestock Investment Company, the U.K.) entered into a share purchase agreement for the sale to SALIC of the Mriya group’s Ukrainian farming assets, including infrastructure facilities, machinery, and companies owning land lease agreements.

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