Business news from Ukraine

SUBSIDIARY OF DP WORLD GROUP TO START BUSINESS AT ODESA SEAPORT

P & O Maritime Ukraine, a subsidiary of DP World Group, a provider of tugboat services, has announced the start of operations at the Odesa seaport, the company has said on its Facebook page.
The letter on the start of the operations was sent to acting Head of the Ukrainian Sea Ports Authority Raivis Veckagans and thee Odesa branch of the authority.
“Odesa is the third Ukrainian port after Yuzhny and Chornomorsk, in which a representative of the world’s largest operator will work. For work in Odesa, contracts with leading global shipping companies have been concluded,” the company said.
“I am sure that the port, ship owners, terminals and the towing market as a whole will benefit from our cooperation,” P & O Maritime Ukraine CEO Mykhailo Sokolov said.
As reported, in January 2018, P & O Maritime, a fully owned subsidiary of DP World Group, received control over LB Shipping company and started providing tugboat services at the Yuzhny port. The co-investor of the deal was SD Capital investment company belonged to Andriy Stavnitser and Filip Hrushko.
In July 2018, P & O Maritime Ukraine began to provide services at the port of Chornomorsk.

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RYANAIR WILL FLY FROM ODESA AND KHARKIV TO POLISH POZNAN

Ryanair, the largest low-cost airline in Europe, will fly from Odesa and Kharkiv to Poznan from October 30 and 27 respectively, according to the airline’s ticket booking system.
Flights from Kharkiv to Poznan will be operated from October 27 twice a week on Tuesdays and Sundays with departure at 22:00 from Kharkiv and at 18:00 from Poznan.
Ryanair will launch Odesa-Poznan flights from October 30 with a frequency of twice a week. Departure from Odesa will be at 21:30 on Wednesdays and at 10:30 on Saturdays, departure from Poznan will be at 17:45 on Wednesdays and at 06:30 on Saturdays.
The minimum one-way ticket price for these destinations starts from EUR28.
The booking system also indicates that both destinations are seasonal.
Such airlines as LOT, Lufthansa, Austrian Airlines fly from Odesa to Poznan, while LOT and Belavia from Kharkiv.

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UKRAINE STARTS PRODUCING CONVERTERS FOR SOLAR PLANTS IN ODESA

S-Engineering LLC production company (Odesa) at the end of February signed a licensing agreement with AEG Power Solutions, which will provide it with the exclusive right to manufacture solar converters using AEG PS technology. According to the website of S-Engineering, converters with a capacity of up to 1,000 kVA will be produced at its Odesa factory under the SEMAG brand, created by the Metropoliya group of companies and SE Group International.
At present, converters, which are the main component of solar plants, are not produced in Ukraine.
“The equipment produced by under the AEG PS technology in Ukraine will have a sufficient share of local production to receive the U-1 certificate confirming the Ukrainian origin of the goods,” Oleksandr Semeniuh, the director for solar energy projects at S-Engineering LLC, said.
Vice President for Business and New Markets Development at AEG Power Solutions Jorg Liedloff said that in future the company has big plans to expand the product line that is manufactured using its technology in Ukraine.
Metropoliya provides engineering services of a full cycle in the energy sector. SE Group International, headed by S-Engineering, manufactures switchboard equipment certified under European standards.
AEG Power Solutions is the leading global supplier of power supply systems and solutions.

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RIBAS HOTELS GROUP FROM ODESA PLANS TO BUILD HOTEL IN BUKOVEL

Ribas Hotels Group LLC (Odesa), the managing company of the national chain of three- and four-star hotel and restaurant complexes, has completed the acquisition of a hotel in Bukovel, Ivano-Frankivsk region, and plans to build a new one there by the end of 2019. “In December 2019, the managing company Ribas Hotels Group plans to open a new hotel in Bukovel. The facility is located in Polianytsia (162a Vyshni Street), next to ski lift No. 1,” the company’s press service told Interfax-Ukraine.
The new hotel will be built on the site of the previously acquired hotel facility, which has already been dismantled. The hotel will occupy 3,200 square meters; $4 million will be invested in the project, the company said. “The hotel will offer 45 rooms, and include a spacious restaurant with a terrace, co-working with panoramic mountain views. Before the blueprints were drawn up, we talked to pro skiers and snowboarders, so infrastructure for active tourists takes into account the smallest details… There will also be rooms for guests with disabilities,” General Director of Ribas Hotels Group Artur Lupashko said.
According to him, the swimming pool, Finnish saunas and Roman baths, spa tubs, a massage parlor and a large spa area are almost ready.
As Lupashko earlier said, Ribas Hotels Group in 2019 plans to channel UAH 300 million in investors’ funds into the construction of new hotels. As of February 2019, it manages 25 hospitality facilities.
Ribas Hotels Group LLC (Odesa) was established in 2017.

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GERMAN KFW COULD PROVIDE EUR 150 MLN FOR ROAD REPAIR IN UKRAINE AND DREDGING WORKS AT ODESA SEAPORT

Germany’s state-run development bank (KfW) could provide EUR 60 million to Ukraine for the completion of construction of a breakwater and dredging works at the Odesa seaport and EUR 90 million for overhaul of H08 Zaporizhia-Mariupol highway and restoration of H32 Pokrovsk-Bakhmut-Mykhailivka road.
“Negotiations with KfW on a loan: EUR 60 million to complete the construction of a breakwater in the port of Odesa and EUR 90 million to overhaul H08 Zaporizhia-Mariupol roads,” Deputy Infrastructure Minister of Ukraine for European integration Viktor Dovhan wrote on his Facebook page.
At the same time, according to a posting on the website of the Infrastructure Ministry, Minister Volodymyr Omelyan confirmed Ukraine’s interest in borrowing from the Federal Republic of Germany in the amount of EUR 150 million (the KfW loan) provided for the restoration of transport infrastructure in the eastern regions of Ukraine. In particular, the Infrastructure Ministry plans to implement the following projects: the construction of a breakwater and the implementation of works to deepen the water area of the port of Odesa; repair works at the national road N08 Boryspil-Dnipro-Zaporizhia (through Kremenchuk)-Mariupol on the Zaporizhia-Mariupol road section and the restoration and improvement of the transport and operational condition of the H32 Pokrovsk-Bakhmut-Mykhailivka state-sustained highway.
According to the Infrastructure Ministry, Germany also expressed interest in participating in the modernization of the electric locomotives of JSC Ukrzaliznytsia and in electrifying the railways, in particular, in the south of Ukraine, near the ports.
In addition, as a result of negotiations with Germany, Ukraine will receive an additional 20,000 bilateral permits for road haulage, which will be valid until the end of January 2019.
In addition, the parties agreed to consider the possibility of increasing the quota of permits for 2019.

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FRANCE’S LEROY MERLIN PLANS TO OPEN FIRST HYPERMARKET IN ODESA

Leroy Merlin Ukraine LLC (Kyiv), developing the DIY hypermarket chain of the French brand Leroy Merlin in the country, in spring 2019 plans to open a first hypermarket outside Kyiv – in the Riviera shopping and entertainment center in Odesa.
The retailer wrote on its Facebook page that the company is looking for employees to work in the Leroy Merlin hypermarket in Odesa, which will be opened soon.
The fifth hypermarket of the Leroy Merlin chain in Ukraine (four operating in Kyiv) will be located in the Riviera shopping and entertainment center in Odesa, Senior Marketing Advisor at Riviera mall Yan Shkuro told Interfax-Ukraine.
“The opening of Leroy Merlin is scheduled for early spring. There is no the exact date. The total area of the premises is 10,500 square meters, without a greenhouse. Active construction of residential complexes is seen near the mall. There are over 60 residential complexes, and demand on construction materials is high,” Shkuro said.
Leroy Merlin Ukraine LLC was registered in 2008. As of October 31, 2017 the company had four Leroy Merlin stores in Kyiv.

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