Business news from Ukraine

RYANAIR TO LAUNCH FLIGHTS FROM KHARKIV TO BUDAPEST

The Irish low cost carrier Ryanair (Dublin) from January 16, 2020 opens direct flights from Kharkiv to Budapest (Hungary).
According to the press service of Kharkiv International Airport, flights will be operated twice a week on Thursdays and Sundays. The flight duration is two hours and ten minutes.
The cost of a one-way ticket without baggage starts from UAH 468.
As reported, on June 1, 2020 Wizz Air intends to launch flights from Kharkiv to Budapest.
Ryanair entered the Ukrainian market in 2018. During the first months, the low-cost carrier operated flights from Boryspil Airport and Lviv. In June 2019, the airline began operating flights from Kharkiv and Odesa, then announced flights from Kherson.
Ryanair daily carries out more than 2,000 flights to/from 236 airports. In the past financial year, the company transported 130.3 million people. Its fleet has 460 Boeing-737 aircraft. In 2020, Ryanair intends to increase passenger traffic on Ukrainian flights by 33%, to more than 2.1 million people.

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UKRAINIAN LOW COST AIRLINE LAUNCHES FLIGHTS FROM KHARKIV TO KYIV

The Ukrainian low cost airline SkyUp Airlines (Kyiv) will launch direct regular flights from Kharkiv to Kyiv from October 25.
According to the company’s press service, flights will be operated three times a week on Mondays, Wednesdays, and Fridays. The cost of a one-way ticket without baggage is from UAH 498.
“Thus, Kharkiv citizens will be able to fly to the capital with two air carriers: UIA and SkyUp Airlines,” the carrier said in a statement.
On October 29, SkyUp Airlines will resume flights to Sharjah (the UAE). Their cost will start from UAH 3,218 one way.
SkyUp Airlines LLC was registered in Kyiv in June 2016. The founder is ACS-Ukraine LLC of Tetiana and Yuriy Alba, who also own JoinUp! tour operator.

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DEALER NETWORK OF PSA GROUP IN UKRAINE OPENS SHOWROOM IN KHARKIV

A dealer network of PSA Group in Ukraine has opened another auto dealer in Kharkiv, which became the third DS Automobiles premium class showroom in Ukraine, a press service of a Peugeot Citroen Ukraine import merchant reported.
DS Store Kharkiv auto dealer with a square of 167,000 square meters can place three automobiles, and the service station is equipped by five elevator machines. The location of the auto dealer is convenient for the clients from the neighbor cities and regions: Dnipro, Poltava and Sumy.
The company said that the first dealer of this brand was opened in Kharkiv in July and the second one in Lviv.
Interfax-Ukraine was told that was Alfa Avangard dealer, which opened the auto dealer in Kharkiv.
According to the unified state register of legal entities, individual entrepreneurs and public organizations, LLC Alfa Avangard with a charter capital of over UAH 2 million was registered in September 2019. Andriy Kyryk and Oleksandr Kyryk are its co-owners on an equal footing. The company also has Opel auto dealer in Kharkiv.
DS Automobiles brand has been working since June 2014. A DS 7 Crossback crossover worth UAH 1 million and higher presents the brand in Ukraine.
DS Automobiles brand presented in 32 countries. As of start of 2019, the network consists of 400 brand boutiques and auto dealers of DS STORE and DS SALON formats.

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90% OF DEPARTURE FLIGHTS FROM KHARKIV AIRPORT SERVICED IN LINE WITH TIMETABLE

In September 2019, 10% of departure flights from the Kharkiv international airport (MAX) were serviced with deviation from the timetable, and the rest of the flights – in line with the timetable, the press service of the airport has reported. “In September 2019, 90% departure flights were serviced in line with the timetable, 4% within the 15-30 minute deviation from the timetable and 1% with over two-hour deviation from the timetable,” the airport said.
Belavia, Ellinar and YanAir Airlines are leaders of the punctuality raging. They serviced their flights in line with the timetable. SkyUp Airlines (96%), Pegasus Airlines (94%), Turkish Airlines (94%) and Windrose Airlines (92%) had small deviations from the timetable.
As reported, in August 89.53% of flights were serviced in line with the timetable in the airport.

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UKRAINIAN KHARKIV DOESN’T RECEIVE THE RIGHT TO HOST UEFA 2021 SUPER CUP

Kharkiv has failed to get the right to host the match for the UEFA Super Cup in 2021. The holding of this match was given to Belfast at a meeting of the UEFA Executive Committee in Ljubljana on Tuesday. Minsk and Helsinki also claimed the right to host the UEFA2021 Super Cup.

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KHARKIV CITY PLACES UAH 250 MLN BONDS IN AUGUST

Kharkiv in August placed three-year E series domestic bonds for UAH 250 million maturing in 2022, Fitch Ratings has reported.

According to the report, the agency assigned the bonds a priority unsecured rating of “B.”

“This is the first tranche of a UAH 1 billion bond to be placed in 2019-2020. Another UAH 250 million tranche is planned for November 2019,” the agency’s report says.

The interest rate is 18% per annum, income is paid quarterly.

According to the decision of Kharkiv City Council of June 19, 2019, bonds worth UAH 1 billion of E, F, G, H series for UAH 250 million each are to be placed within two years.

E series bonds will mature on August 24, 2022, F series on November 23, 2022, G series on February 22, 2023, and H series on May 24, 2023.

“The purpose of the loan is to raise funds to finance the budget deficit for the development of the city of Kharkiv, including the construction and reconstruction of social and cultural facilities, transport infrastructure, roads and engineering facilities,” the decision reads.

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