Business news from Ukraine


Israeli Prime Minister Naftali Bennett has accepted an invitation from Ukrainian President Volodymyr Zelensky to visit the country on the condition that Kyiv makes significant progress in ceasefire talks with Russia, Israel’s Ynet news reported.
According to the publication, Bennett has already asked the country’s security service to begin preparations for his possible visit to Kyiv.
“In order to advance the negotiations, it is clear that in-person meetings are necessary. And they may happen down the road if negotiations reach a tipping point,” a source involved in the talks with the Ukrainians told Ynet.
“However, some security officials have expressed their misgivings about the risks entailed in the prime minister going into an active war zone, especially after a Russian bombing of the city killed at least eight people on Monday,” the report says.
“According to sources familiar with the matter, Zelensky and Ukrainian government officials have been pursuing a Bennett visit to Kyiv for the past ten days as they believe the visit would help expedite ceasefire talks with Moscow,” according to the edition.
Earlier this month, the Israeli prime minister visited Moscow to meet with Russian President Vladimir Putin in the Kremlin.

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On Friday, February 11, President of Ukraine Volodymyr Zelensky began a two-day working trip to Kharkiv and Kherson regions.
According to the President’s Office, in Kharkiv, the head of state will take part in the work of the Congress of Local and Regional Authorities, as well as hold an off-site meeting of the National Security and Defense Council (NSDC).
“Following the meeting, a briefing by the NSDC Secretary is expected,” the report said.
In Kherson region, Zelensky will be shown the actions of units of the Ministry of Internal Affairs and the development of measures to vacate administrative buildings.

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Farvater Travel (Yuzhgorod) has launched the online package trip search and booking service, investing around $300,000 since the beginning of its creation, the co-founder of the company, Tetiana Pollak, told reporters during the presentation of the service in Kyiv. The service is based on the Online Travel Agency model and allows you to select the appropriate tour package from the list of parameters on the site among 29 million current offers of tour operators. “We the online service have not yet seen a payback. We need to grow another five times to become profit-making,” she said, adding that the company had already increased online sales five times in six months.
According to her, this year, with the help of this service, more than 1,000 tours with the cost from EUR 180 to EUR 4,100 (the average cost of one trip is EUR 1,170) were booked.
The company plans to increase the volume of the serviced part of the Ukrainian market of package tours from the current almost 1% to 7% in 2020.
The company sees the profit from the service according to the scheme, which is traditional for travel agencies – the fee from the price stated by the tour operator, Pollak said. “The company has been in the non-online market for a long time, it has a significant amount of sales, and because of this, we have the largest fee,” Farvater Travel CEO Andriy Shvets said. Travel Company Farvater has been operating since 2006. The first version of the online search site was launched in October 2017, and in December, the first customers appeared. The company is owned by Tetiana and Friedrich Pollak in equal shares. The charter capital Farvater Travel is UAH 20,000.

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