Business news from Ukraine

Business news from Ukraine

EBRD ISSUES EUR 3 MLN LOAN TO UKRAINIAN WOODWORKING COMPANY ZUNAMI

The European Bank for Reconstruction and Development (EBRD) has provided a loan of EUR 3 million to the Ukrainian woodworking company Zunami to finance the investment program, EBRD Senior Adviser for External Affairs Anton Usov has said.
“As a result of the project, the company will introduce new methods of waste management, which will allow reducing the volume of oak raw materials needed for production of lamella by 23%, or 3,000 tonnes per year,” he wrote on his Facebook page.
According to Usov, the loan funds will be supplemented by means of technical cooperation of the European Union in the amount of up to EUR 70,000 under the EU4Business program and a stimulating grant of more than $170,000 from the Global Environment Facility under the FINTECC program.
Zunami LLC (Volyn region) was founded in 2001. The company is engaged in a full cycle of wood processing. Its capacity is 2 million square meters per year. Zunami produces wooden flooring and solid biofuel – oak shavings pellets.
Wizz Air will raise frequency of flights from Lviv airport to Slovakia, Poland, Germany from Oct 20
KYIV. June 13 (Interfax-Ukraine) – The Hungarian low cost airline Wizz Air from October 20 will increase the frequency of flights from Lviv International Airport to Bratislava (Slovakia), Wroclaw, Gdansk (Poland), Berlin and Dortmund (Germany) for the winter of 2019/2020 season.
According to the airport’s Facebook page, in particular, such plans are linked to the popularity of these airline destinations from/to Lviv, the average monthly workload of which in 2019 is 83%.
Thus, the number of flights to Bratislava will increase from two to five flights a week. They will be performed on Mondays, Tuesdays, Wednesdays, Fridays, and Saturdays.
The number of flights to Wroclaw will rise from three to five flights. They will be performed on Tuesdays, Wednesdays, Thursdays, Saturdays, and Sundays.
Flights to Gdansk and Berlin will be carried out twice as often – four times a week (on Mondays, Wednesdays, Fridays, and Sundays).
The number of flights in the direction of Dortmund will grow from two to three per week (on Mondays, Wednesdays, and Fridays).

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