Business news from Ukraine

UIA RESUMES DIRECT FLIGHTS FROM ODESA TO VILNIUS FROM JUNE 15

Ukraine International Airlines (UIA, Kyiv) from June 15, 2019 will launch direct flights from Odesa to Vilnius (Lithuania).
The press service of the airline reported on Monday that the UIA third-weekly flights will be operated on Wednesday, Fridays and Sundays on modern Boeing 737-800 aircraft. The flight will take one hour and 50 minutes.
UIA offers one-way tickets at the price from UAH 1,530 for Odesa to Vilnius flights, and one-way tickets for Vilnius to Odesa flights at the price from EUR 58 (approximately UAH 1,720 at the current exchange rate).
In general, as reported by UIA, the number of direct weekly UIA regular flights connecting Lithuania and Ukraine will increase from 14 to 17 comparing with the previous year.
Ukraine International Airlines was founded in 1992. The fleet consists of 42 airplanes of different modifications. One of the ultimate beneficiaries of the airline is businessman Ihor Kolomoisky.

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AZERBAIJAN’S LOW COST AIRLINE STARTS FLIGHTS FROM ODESA TO BAKU

Azerbaijan’s low cost airline Buta Airways has started servicing flights from Baku to Odesa and back, newly appointed ambassador of Ukraine to Azerbaijan Vladyslav Kanevsky has said.
“Ukraine and Azerbaijan are getting even closer! From today, Azerbaijan’s low cost airline Buta Airways will service flights on the route Baku-Odesa-Baku. Odesa has become the third city where flights from Azerbaijan will be operated. The company is already flying to Kyiv and Kharkiv,” Ukrainian diplomat wrote last week in his account on Twitter.

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ODESA SEAPORT SEES 5% RISE IN FREIGHT HANDLING IN Q1 2019

Odesa seaport in January-March 2019 transshipped 6.22 million tonnes of freight, which is 5.05% more than a year ago.
According to the Ukrainian Sea Ports Authority, during this period the port increased the handling of exported cargo by 11.33%, to 4.831 million tonnes, decreased the handling of imported cargo by 14.4%, to 1.038 million tonnes, transit cargo handling fell by 3.95%, to 344,360 tonnes, and the port increased handling of coastal freight by 37.84%, to 6,570 tonnes.
According to the types of cargo, the port in January-March 2019 decreased the transshipment of liquid cargo by 13.31%, to 390,750 tonnes, increased the transshipment of dry bulk cargo by 9.49%, to 2.68 million tonnes, and increased the transshipment of packaged goods by 4.19%, to 3.149 million tonnes.
Container handling amounted to 140,650 TEU (a fall of 4.1% year-over-year).
Odesa port is located on an area of 109.5 hectares.
The port accepts vessels with lengths of up to 270 meters and maximum draughts of 13 meters. The total length of the port’s berths exceeds 8 kilometers.

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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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