Business news from Ukraine

MANUFACTURER OF EGGS AND EGG PRODUCTS IN UKRAINE OPENS SUBSIDIARY IN DUBAI

Ovostar Union agro-industrial group, one of the leading manufacturers of eggs and egg products in Ukraine, in 2018 opened a subsidiary in Dubai and bought two companies in Ukraine, the group reported in its annual financial report. “The group exports a large number of eggs and egg products to the United Arab Emirates. Assessing the potential and prospects for further expansion into the UAE market, in 2018 the group decided to open a company in Dubai. The charter capital was $28,000. The group owns 100% of OAE Food Trade FZE,” the report says.
According to the report, the volume of exports to the countries of the Middle East amounted to 26% of total sales.
In addition, in June 2018 Ovostar bought BVV Equipment LLC and BV Trading LLC (both based in Rokytne, Kyiv region). The purchase price was $2.1 million and $1.2 million, respectively. The goodwill of the enterprise is $51,000 and entirely belongs to the egg segment of the group.
According to the state register of legal entities and individual entrepreneurs, both enterprises are registered in 2016. The core business is production of food that are not assigned to other groups. The final beneficiaries are Borys Belikov and Vitaliy Veresenko.

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DUBAI-BASED FLYDUBAI TO OPERATE DOUBLE DAILY FLIGHTS FROM KYIV TO DUBAI

Dubai-based flydubai on September 6 announced that it would move its existing operations from Kyiv Sikorsky International Airport to Boryspil International Airport with effect from October 28, 2018. “Ukraine remains an important market for the airline. From October 2, double daily flights will be available between Kyiv and Dubai,” the company said in a statement on its website.
flydubai launched its operations to Ukraine in 2013 and offers 17 weekly flights from Kyiv and Odesa to Dubai.
“Through flydubai’s expanded codeshare partnership with Emirates, Ukrainian passengers also are offered unmatched travel options via Dubai’s aviation hub,” the company said.
According to the announcement, the company will use a new Boeing 737 MAX 8 on the Kyiv route.
Emirates will codeshare on this route as part of the Emirates flydubai partnership announced in July 2017.
“Another good news for Boryspil and its passengers. Terminal F will still be filled from next year,” Ukrainian Infrastructure Minister Volodymyr Omelyan commented on the announcement.
flydubai carries out more than 1,700 flights per week to more than 90 destinations in 48 countries.

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