Business news from Ukraine

OLEKSANDR YAROSLAVSKY WANTS TO ACQUIRE CREDIT DNIPRO BANK

Work on a possible deal to acquire Credit Dnipro Bank by Oleksandr Yaroslavsky from Victor Pinchuk is ongoing. “Work is ongoing. It will be a good business, if you manage to buy. There is experience, you know that we probably have the most successful experience in working in the financial sector with UkrSibbank,” Yaroslavsky told Interfax-Ukraine at the Ukrainian House in Davos, organized by the Pinchuk Foundation, WNISEF and Horizon Capital.
According to him, with the proper operation of the bank, the need for its constant capitalization by the shareholder will disappear.
Yaroslavsky also said that he was ready to take part in large privatization, but so far the facilities offered by the State Property Fund have a lot of problems. “Everything sounds so good, but when you know the inside situation, it doesn’t look very good,” the businessman said.
In particular, with the case of the United Mining and Chemical Company, he pointed out the need to deal with property issues, in the case of the Odesa Port-Side Plant, there is a debt of $250 million to the structures of Dmytro Firtash.
“Elektrotyazhmash is also an interesting enterprise, but it is unclear in what condition it is. And 85% of the market is Russia,” Yaroslavsky added.

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DNIPRO AIRPORT INCREASES PASSENGER TRAFFIC BY 13.2%

Dnipro Airport in 2019 increased passenger traffic to 338,888 people, which is 13.2% more than in 2018 (299,250).
According to the airport’s website, passenger traffic on international flights last year amounted to 198,190 people, on domestic flights some 140,698 people.
In December 2019, the airport passenger flow was 2.8% more than the figure for the same month of 2018 and amounted to 20,253 people.
As reported, Head of Dnipropetrovsk Regional State Administration Oleksandr Bondarenko at the end of November 2019 said that the construction of a new airfield of the international airport in Dnipropetrovsk region will begin in the summer of 2020. The new international terminal and VIP terminal in a single complex will be built by the Ukrainian industrial and financial group DCH. It is planned that it will have a high throughput of up to 1,000 people/hour.
The total cost of the project is $180 million.

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CARGO TRANSPORTATION ALONG DNIPRO RIVER 22.6% UP THIS YEAR

Cargo transportation along the Dnipro River in January-October 2019 increased by 22.6% compared to the same period a year earlier, to 9.655 million tonnes.
According to the Ukrainian Sea Ports Authority, the number of trips on the Dnipro River during this period decreased by 30.7%, to 9,972.
Transportation of metal products increased by 24.1%, to 1.374 million tonnes, grain doubled, to 3.916 million tonnes. At the same time, transportation of construction materials and other goods fell by 5.4%, to 4.328 million tonnes, petroleum products by 37.6%, to 37,400 tonnes.
As reported, in 2018 river transportation in Ukraine amounted to 16.5 million tonnes of cargo.
The volume of traffic along the Dnipro River last year increased by 22.4% compared to 2017 and amounted to about 9.9 million tonnes.
According to the Ministry of Infrastructure of Ukraine, for 2016-2018 the volume of grain transportation along the Dnipro River rose by 180%, construction materials by 130%.
In 2018, the volume of traffic by inland waterways increased by 112% compared to 2013-2015 and amounted to 9.9 million tonnes.

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DELIVERY OF FOOD FROM RAKETA RESTAURANTS (DNIPRO) BEGIN WORK IN KYIV

The service for the delivery of food from Raketa restaurants (Dnipro) has begun to work in Kyiv.
According to the company’s official announcement, on November 11, 2019 around 200 Raketa pedestrian, bicycle, motorcycle and auto couriers started working in Kyiv. They perform free delivery of meals from more than 70 restaurants located in the central areas of the city, with a stated delivery time of 60 minutes. The order is made in a mobile application (available for iOS and Android).
The first few months, Raketa will work in the capital in a beta testing mode. During this time, the service plans to cover the entire territory of Kyiv.
The size of commission from the restaurant for delivery of the order is not disclosed.
According to the report, the company plans to occupy at least 30% of the food order market in Ukraine and develop a network of its own kitchens (dark kitchen). The first of them is already working in a test mode near the Bessarabsky market in Kyiv, and the plan is to open 25-30 such kitchens in the capital.
“The network of our own kitchens will allow us to close all processes within the company, provide perfect service, and most importantly, deliver in less than 30 minutes,” Oleksiy Yukhymchuk, the co-founder of Raketa, said.
Raketa is a service of food delivery from restaurants that began operations in Dnipro on March 5, 2018. Currently, the company is owned by three stakeholders, including Ukrainian entrepreneurs Oleksiy Yukhymchuk and Stanislav Dmytryk (the name of the third owner is not disclosed).

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DNIPRO INTERNATIONAL AIRPORT INCREASES PASSENGER FLOW BY 14%

The Dnipro international airport increased passenger flow by 14.2% in January-September 2019 year-over-year, to 263,071 people.
According to the airport’s website, passenger traffic on international flights amounted to 156,800 people, on domestic flights – 106,200 people.
In September 2019, the passenger flow of the airport amounted to 39,200 people, which is 31.2% more than in September last year.
As reported, DCH Group, a Ukrainian industrial and financial group of Oleksandr Yaroslavsky, is ready to invest in the reconstruction of the Dnipro international airport.
The Dnipro International Airport (formerly Dnipropetrovsk) has been operating since 1943. It became an independent enterprise only in 2011. It is located 5 km southeast of Dnipro city.

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DCH GROUP WANTS TO INVEST IN RECONSTRUCTION OF DNIPRO AIRPORT

DCH Group, a Ukrainian industrial and financial group of Oleksandr Yaroslavsky, is ready to invest in the reconstruction of Dnipro International Airport.
According to the press service of Dnipropetrovsk Regional State Administration, the project for the reconstruction of the airport was discussed by head of the regional administration Oleksandr Bondarenko and President of DCH Group Oleksandr Yaroslavsky during a meeting in Dnipro.
“A modern international airport is one of the main priorities of Dnipropetrovsk Regional State Administration. The reconstruction of the airport, which has long been morally and physically outdated, will give an impetus to the development of the entire region. These are new opportunities for business, medicine, tourism and the region’s economy as a whole,” Bondarenko said.
According to Yaroslavsky, DCH Group is ready to invest in Dnipro airport under public-private partnership.
He noted that the company already has experience in implementing a similar project in Kharkiv. There, the construction of the runway cost $200 million, the terminal some $107 million.
According to the president of the group, thanks to optimization and modern technologies, in Dnipro such work will be at least $100 million cheaper.
“I’ve repeatedly confirmed that I am ready to use our experience in the construction and development of Kharkiv International Airport in favor of the Dnipro community, the surrounding regions, the whole Ukraine. As soon as full funding for the construction of a runway is actually allocated and fixed in the 2020 national budget, DCH as a private investor will be able to begin work on the construction of the airport complex,” Yaroslavsky said.

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