Business news from Ukraine

ATHLETE TO SWIM OVER 800 KM ALONG DNIPRO FROM BELARUS’ BORDER TO BLACK SEA

Master of sports swimmer Mykhailo Romanyshyn has said he intends to set a record by swimming the Ukrainian stretch of the Dnipro River from the Ukraine-Belarus border to the Black Sea.
“The swim starts on the border with Belarus on August 5, and the finish will be tentatively 27 to 30 days from then at the section of the river flowing into the Black Sea,” says a press release handed over to journalists.
Speaking at a press conference at Interfax-Ukraine, Romanyshyn said the swim would start in the village of Strakholissya, Kyiv region, near the Belarusian border and would end in Kherson’s Glory Park. He said the tentative distance to be covered is almost 1,000 kilometers.
The swim along the Dnipro is the first stage of the project. In a year, Mykhailo Romanyshyn plans to swim to cross the Black Sea from Odesa, Ukraine, to Istanbul, Turkey.
The project will allow the formation of a charitable fund to help young gifted athletes of Ukraine and conduct environmental and biological research.
“The project pursues several goals, but first of all it is to draw attention to the environmental problems of the Dnipro, popularize sports among our citizens and create a charity fund to help children,” project organizer Maksym Urakin said.
Mykhailo Romanyshyn’s team includes honored swimming coach of Ukraine Karen Abramov. “The swim will give unique information about the human body’s response to prolonged physical activity and prolonged exposure to water. We will study how much a person can adapt to water temperature that is lower than air temperature, what can be a person’s psychological condition when the swim lasts for 12 hours a day during about a month in any weather,” Karen Abramov explained.
During the swim, Romanyshyn’s team will monitor the state of water in the Dnipro. According to the preliminary program of the swim, every day the athlete will cover about 30 km and swim for about 12 hours.
He will be accompanied by a support group that includes his coach and a special vehicle will bring food and supplies for sleepovers. A police patrol boat will accompany the swimmer.
Swimmer Mykhailo Romanyshyn added that he would like to use his example to distract children from unhealthy habits and draw their attention to sports. “For our country to continue to have Olympic champions in swimming and other sports, the efforts of both businesses and authorities are needed. Without this the population will continue to decline,” Mykhailo Romanyshyn said.
Dmytro Strizhov, a multiple participant in IRONMAN international competitions, decided to support Romanyshyn and swim with him at one of the stages of the project.
Experts representing the national register for Ukrainian records will record the accomplishment.
The next stage of the project will be a swim in the Black Sea from Odesa to Istanbul, which the team plans to implement in 2020.
The project is supported by leading Ukrainian companies that prioritize environmental issues and the development of sports: the Arterium company, the Revealing Information law firm, A-95 Consulting Group, Maxevents, and the Interfax-Ukraine News Agency.

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UKRAINIAN ATHLETE TO SWIM OVER 800 KM ALONG DNIPRO FROM BELARUS’ BORDER TO BLACK SEA

Master of sports swimmer Mykhailo Romanyshyn has said he intends to set a record by swimming the Ukrainian stretch of the Dnipro River from the Ukraine-Belarus border to the Black Sea.
“The swim starts on the border with Belarus on August 5, and the finish will be tentatively 27 to 30 days from then at the section of the river flowing into the Black Sea,” says a press release handed over to journalists.
Speaking at a press conference at Interfax-Ukraine, Romanyshyn said the swim would start in the village of Strakholissya, Kyiv region, near the Belarusian border and would end in Kherson’s Glory Park. He said the tentative distance to be covered is almost 1,000 kilometers.
The swim along the Dnipro is the first stage of the project. In a year, Mykhailo Romanyshyn plans to swim to cross the Black Sea from Odesa, Ukraine, to Istanbul, Turkey.
The project will allow the formation of a charitable fund to help young gifted athletes of Ukraine and conduct environmental and biological research.
“The project pursues several goals, but first of all it is to draw attention to the environmental problems of the Dnipro, popularize sports among our citizens and create a charity fund to help children,” project organizer Maksym Urakin said.

Mykhailo Romanyshyn’s team includes honored swimming coach of Ukraine Karen Abramov. “The swim will give unique information about the human body’s response to prolonged physical activity and prolonged exposure to water. We will study how much a person can adapt to water temperature that is lower than air temperature, what can be a person’s psychological condition when the swim lasts for 12 hours a day during about a month in any weather,” Karen Abramov explained.
During the swim, Romanyshyn’s team will monitor the state of water in the Dnipro. According to the preliminary program of the swim, every day the athlete will cover about 30 km and swim for about 12 hours.
He will be accompanied by a support group that includes his coach and a special vehicle will bring food and supplies for sleepovers. A police patrol boat will accompany the swimmer.
Swimmer Mykhailo Romanyshyn added that he would like to use his example to distract children from unhealthy habits and draw their attention to sports. “For our country to continue to have Olympic champions in swimming and other sports, the efforts of both businesses and authorities are needed. Without this the population will continue to decline,” Mykhailo Romanyshyn said.

Dmytro Strizhov, a multiple participant in IRONMAN international competitions, decided to support Romanyshyn and swim with him at one of the stages of the project.
Experts representing the national register for Ukrainian records will record the accomplishment.
The next stage of the project will be a swim in the Black Sea from Odesa to Istanbul, which the team plans to implement in 2020.
The project is supported by leading Ukrainian companies that prioritize environmental issues and the development of sports: the Arterium company, the Revealing Information law firm, A-95 Consulting Group, Maxevents, and the Interfax-Ukraine News Agency.

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RESTORING NAVIGATION ON PRYPIAT RIVER WILL REVEAL TRANSIT POTENTIAL OF UKRAINE IN CORRIDOR BALTIC SEA – BLACK SEA

The restoration of navigation on the Prypiat River will make it possible to reveal the transit potential of Ukraine through the development of a river transport corridor from the Baltic Sea to the Black Sea, Head of the Ukrainian Sea Ports Authority Raivis Veckagans has said in an interview with Interfax-Ukraine.
“At the initiative of the Ministry of Transport and Communications of the Republic of Belarus, and also with the support of the European Bank for Reconstruction and Development, Royal Haskoning DHV in May of this year completed a survey of navigable hydraulic structures of the E-40 waterway, connecting the Baltic Sea and the Black Sea through the Wisla River, the Zakhidny Bug (the Western Bug), the Prypiat River and the Dnipro River, in the territory of Belarus. In the near future, a working group with the participation of specialists from the Ukrainian Sea Ports Authority, the Dredging Fleet branch of the authority, and the State Hydrographic Service will conduct similar work on the Ukrainian stretch of the Prypiat and Dnipro rivers,” he said.

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U.S. TRIDENT ACQUISITIONS CORP READY TO INVEST $1 BLN IN UKRAINIAN BLACK SEA SHELF

U.S. Trident Acquisitions Corp., which submitted one of the four bids in a tender to develop the Dolphin section on the Black Sea shelf under a product sharing agreement (PSA), has said that the company is ready to invest $1 billion. “We proposed investment in the amount of $1 billion to Ukraine, the start of production in three and a half years if the reserves are discovered and the most experienced offshore fields development team,” Trident Acquisitions CEO, former Deputy of the State Duma of Russia Ilya Ponomarev, who became the Ukrainian citizen under a decree of Petro Poroshenko in May, wrote on his Facebook page.
“We see what rivals would say, we are keeping our fingers crossed and looking forward for [the results],” he said.
As reported, the Cabinet of Ministers of Ukraine on April 12 announced a tender to develop the Dolphin Black Sea shelf section under the PSA. The term of the PSA is 50 years. The winner of the tender must provide a geological survey of the subsoil at the site, including the drilling of at least five wells during the first stage (five years) of geological exploration. The minimum investment that must be made in this period will be determined by the results of the tender, but must be at least UAH 1.5 billion.
The initiative to develop the Dolphin section belonged to another U.S. company, Frontera Resources Corporation, which also applied its bid for the tender.
Two other participants are Caspian Drilling International Ltd, a state-owned oil company of the Republic of Azerbaijan (SOCAR), and Ukrnaftoburinnia, one of the largest private gas producing companies in Ukraine.

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BELARUS AND TURKISH INVESTOR PLAN TO BUILD RIVER PORT ON BORDER WITH UKRAINE FOR ACCESS TO BLACK SEA

Belarus is considering the possibility of building a river port on the Dnipro River in Gomel region near the border with Ukraine in order to use river-sea vessels to put out to the Black Sea. The Turkish investor Derin Shipping & Trading Co. might be involved in the project.
According to the state agency BelTA, Ambassador of Belarus to Turkey Andrei Savinykh states that the implementation of the project “will turn Belarus into a maritime state.” The project could be implemented by building a port terminal in the village of Nizhniye Zhary (Gomel region).
“Our Turkish partners are considering the possibility of building a port in Nizhniye Zhary, which will turn Belarus into a maritime state,” the official told journalists in Gomel during the visit of the Turkish delegation to the regional center.
It is assumed that the main volume of cargo turnover will be provided by oil products (Mozyr Oil Refinery is located near Gomel) and Petrikovsky GOK being under construction in Gomel region (the project of Belaruskali, the capacity is about 2 million tonnes of potassium chloride per year).

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TERM OF HOLIDAYS IN HOTELS NEAR BLACK SEA THIS SUMMER DECREASES TO 4 DAYS

The average term for booking rooms in hotels of the southern region of Ukraine after the summer 2018 season fell to four days from seven a year ago, Ribas Hotels Group Executive Director Andriy Marenchuk has told Interfax-Ukraine. “If we evaluate the overall [summer] season, we can say that it was not easy… The booking period in the southern region was significantly reduced, the early booking period also. The average booking duration for this season is four days, and last year it was seven day. This is one of the main factors for assessing the tourist market,” he said. According to Marenchuk, a decrease in this indicator indicates a low level of the marketing product of most resort hotels in the country.
He said that Karolino-Buhaz, Hrybivka, Ochakiv, Zatoka and Koblevo became resorts of the “last minute,” that is, they are chosen as the last resort if tourists could not go to a foreign resort. “This is the worst marketing product of the existing ones. It is bought last, because other factors did not play: for example, there was not enough time to go to Egypt or Turkey for 10 days, so we went to Zatoka for three days. Why there were queues at the Moldovan border on Thursdays and Fridays? People from Moldova went for a weekend. These are not tourists from Belarus or Ukrainian guests who came for five to seven days,” the expert said.
He also said that in the struggle for a guest who prefers to come to Ukraine for a long time, domestic resorts lose to foreign ones, primarily because of the lack of a developed hotel infrastructure. “If in Turkey a hotel is built on average with 300 rooms, then in our region such a facility is considered very large. And if a hotel has a small number of rooms, then it is unprofitable to build a pool, install water slides and other entertainment infrastructure,” the expert said.
At the same time, Marenchuk reported on increased competition with Carpathian hotels. “We have a rival with rapidly developing tourism like the Carpathians. The mountains are considered not only from the perspective of the winter resort Bukovel. Many Carpathian hotels have begun to use the summer season. Today only the sea saves us [the Ribas Hotels Group],” Marenchuk said.
In turn, the founder of the company Ribas Hotels Group, Artur Lupashko, said that the operator’s hotels showed a consistently high load this year. “Loading of our summer hotels this year has fluctuated at the level of 68%. Traditionally, the most active months [July and August] showed 76%. June sank a little at 58%. For owners or investors of the southern region, this means profitability of resort hotels of six to eight years and the return of 12-16%,” he said.
Ribas Hotels Group (Odesa) LLC was established in 2017. According to the unified public register, Lupashko is the head of the group and holder of a 100% stake in the company’s charter capital.

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