Business news from Ukraine

METRO REOPENS IN KYIV AND KHARKIV AFTER 2-MONTH PAUSE CAUSED BY CORONAVIRUS

The metro reopened in Kyiv and Kharkiv on May 25 after the two-month pause caused by coronavirus. In Kyiv, the metro service is back to the regular schedule. Passengers are required to wear masks, and there are signs indicating the obligatory 1.5-meter distance between passengers.
Metro workers are provided with personal protective equipment.
The Kharkiv metro reopened at 5:30 a.m. on Monday.
“Please be advised that it is prohibited to travel by the metro without a respirator or a mask,” the Kharkiv metro press service said on Facebook.
The metro service in Kyiv, Kharkiv, and Dnipro (former Dnipropetrovsk) had been unavailable since March 17 in order to contain the coronavirus outbreak.

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STATE-RUN UKRAVTODOR TO COMPLETE REPAIR OF KYIV-KHARKIV HIGHWAY WITHIN POLTAVA REGION IN 2020

The State Agency of Automobile Roads of Ukraine (Ukravtodor) plans to complete the repair of the M-03 Kyiv-Kharkov highway within Poltava region in 2020.
Ukravtodor said on Telegram the total length of the road within Poltava region is 285 km. At the same time, 265 km of roads are on the balance of the service in the region. Another 4 km of the road that passes through Poltava is on the balance of the city council, due to a question about the repair of which the project of the complete update of the M-03 road was frozen for some time.
According to the agency, in order for the situation to budge, a budget program was formed in the national budget of Ukraine on the initiative of the government and Ukravtodor to repair the M-03 road section within Poltava. It is to be repaired this year.
“The section of the Kyiv-Kharkiv route that passes through Poltava has remained a stumbling block for many years. This year, thanks to the coordinated cooperation of all branches of government, we managed to attract financing for the repair of the problem area,” the press service said citing head of Ukravtodor Oleksandr Kubrakov.

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KHARKIV TRACTOR PLANT ENDS 2019 WITH PROFIT

According to preliminary data, JSC Kharkiv Tractor Plant, belonged to DCH Group of businessman Oleksandr Yaroslavsky, completed 2019 with a net profit of UAH 71.8 million, whereas the loss was UAH 81.4 million in 2018.
According to information on the agenda of the shareholders’ general meeting on April 23, the uncovered loss amounted to UAH 582.76 million by the beginning of 2019 (UAH 654.06 million in 2018).
The draft decision of the meeting provides for directing the net profit received in 2019 to replenish working assets, not to pay dividends.
According to the plant, in 2019, its current liabilities decreased 6.8%, to UAH 1.374 billion, long-term ones increased 45%, to UAH 266 million.
The total receivables as of January 1, 2020 amounted to UAH 155.4 million (UAH 96.71 million in 2019), total assets were UAH 1.280 billion (1.262 billion).
The plant’s equity capital has a negative value of UAH 362.75 million, charter capital was UAH 4.35 million by the beginning of 2020.
According to the plant’s website, it produced 585 units of equipment in 2019 (12% more than in 2018) and sold 638 units (16% more). The plant’s revenue increased by 22%, to almost UAH 800 million.
To date, the plant has about 1,100 employees; the average salary is UAH 10,000 (UAH 7,800 by the beginning of 2019).
Kharkiv Tractor Plant, founded in 1930, currently produces dozens of models of tractors and special-purpose equipment designed for work in agriculture, public utilities and construction areas. The main product range is represented by small tractors with a capacity of 35 hp, as well as large wheeled and tracked tractors with a capacity of 150-280 hp.

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KHARKIV INTERNATIONAL AIRPORT SEES 55% RISE IN PASSENGER TRAFFIC IN JAN

The passenger flow at the Kharkiv International Airport in January 2020 grew by 55% year-over-year, to 111,600 people.
The airport said on its Facebook page, the total number of flights was 435.
The most popular destinations were Sharm El Sheikh (Egypt), Istanbul (Turkey), Boryspil (Kyiv), Krakow, Warsaw, Gdansk (all are Poland), Vienna (Austria), Wroclaw (Poland), Dortmund (Germany) and Prague (the Czech Republic).
As reported, the passenger flow of the Kharkiv International Airport in 2019 increased by 40% compared to the same period in 2018, to 1.3 million people.
Kharkiv airport has a runway 2500 meters long and 50 meters wide. Two passenger terminals with an hour capacity of 100 and 650 people are located on its territory.
The airport through New Systems AM is operated by DCH.

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NOVA POSHTA TO LAUNCH KHARKIV SORTING CENTER IN SEPT 2020

The Nova Poshta group of companies plans to launch Kharkiv Sorting Center in September 2020, Volodymyr Popereshniuk, the co-owner of the company, has said.
“Construction is being carried out at the planned pace. Now 200 people are working on the site, construction work should be completed by May. Then we will begin the installation of equipment. The launch is in September 2020,” he wrote on his Facebook page.
Popereshniuk noted that the center will consist of two buildings. The first of them is designed for sorting, its capacity will be 20,000 shipments per hour, the second will be a cargo terminal with a planned capacity of 100 tonnes per hour. Cargo will be moved inside the facilities with the help of assistant robots.
As reported, in September 2019 Nova Poshta opened a two-hall innovative sorting terminal in Lviv.
In 2019, Nova Poshta, together with the transport airline Eleron, began a test implementation of the project for air delivery of shipments.
In 2019, the company delivered 212 million shipments, which is 22% more than in 2017.
Nova Poshta, founded in 2001, is the leader in the express delivery market in Ukraine. The company’s network consists of more than 6,000 branches throughout the country.

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BELAVIA INCREASES NUMBER OF FLIGHTS BETWEEN KHARKIV AND MINSK

Belarusian Belavia airline from April 30, 2020 will increase the frequency of direct flights from/to Kharkiv to/from Minsk from five to seven a week.
According to a posting on the Facebook page of the Kharkiv airport, if flights between cities are currently operated on Mondays, Tuesdays, Wednesdays, Fridays and Saturdays, then from April 30 they will be operated daily. Flight time is 1 hour and 12 minutes.
The cost of a one-way ticket excluding baggage starts from $80.

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