Business news from Ukraine

POLTAVA INTERNATIONAL AIRPORT PLANS TO DEVELOP FREIGHT TERMINAL

The Poltava international airport plans to develop a freight terminal, the airport as reported on its website.
Acting Director General of municipal enterprise Airport Poltava Volodymyr Okara and a representative of Umbrella Group Taras Shebediuk signed a memorandum of cooperation to develop the freight terminal at the airport on October 21.
The memo is intended to attract investors for building the freight terminal, which will become the important infrastructure facility for strategic development of the airport.
The parties emphasized their interest in ensuring that the airport is focused not only on passengers, but also on freight transportation.
According to Okara, Bulgarian and German investors became interested in the development of the Poltava airport. In addition, the airport had previously signed a memorandum of cooperation with a Lithuanian company for the construction of the freight terminal.
In addition, it is reported that in November, private airline Ukrainian Helicopters will begin to be based on the territory of the Poltava airport: the contract is unlimited and involves permanent deployment. For providing the site, the airport will receive UAH 150,000-250,000 monthly depending on operations.
Previously, the base of Ukrainian Helicopters was located in Kremenchuk (Poltava region).

, ,

POLTAVA MINING AND PROCESSING PLANT INTENDS TO INCREASE CHARTER CAPITAL BY 62%

Poltava mining and processing plant (PGOK, Ferrexpo Poltava Mining, Horishni Plavni, Poltava region), the largest producer of iron ore pellets in Ukraine, by the decision of its sole shareholder, Swiss-based Ferrexpo AG, intends to increase its charter capital by 62.3%, or UAH 1.185 billion through an additional issue of shares without public offering.
The corresponding issue of shares was registered by the National Commission for Securities and the Stock Market of Ukraine on October 18.
At the time of the decision on the issue (July 31 of this year), the charter capital of PGOK amounted to UAH 1.902 billion and was divided into 191 million shares with a par value of UAH 9.96. The sources of increase in the charter capital are cash in foreign currency.
The term for the placement of shares is from October 4 to November 20 of this year.
As reported, Ferrexpo AG, which owned a 99.1167% stake in PGOK, in June of this year forcibly bought back shares from minority shareholders under a squeeze-out procedure and increased its stake to 100%. The buyback price amounted to UAH 34.24.
Ferrexpo Plc, which owns 100% of Ferrexpo AG, which in turn owns 100% of Poltava GOK and 100% of Yeristovo GOK, is traded on the London Stock Exchange (LSE).
Since the beginning of July this year, the price of Ferrexpo shares on the LSE fell by almost 2.1 times, to GBP1.354 per share, which is the lowest level since January 2017.

, , , ,

POLTAVA PETROLEUM COMPANY COMPLETES DRILLING OF THIRD WELL SINCE YEAR START

Poltava Petroleum Company, a subsidiary of British-based JKX Oil & Gas plc, has successfully completed drilling the third (IG142) well since the beginning of the year (Ihnativske field), having received an average daily production rate of 152,000 cubic meters of gas and 709 bpd (barrel per day) of oil and condensate, JKX reported on the London Stock Exchange’s website.
The company said such results had significantly exceeded expectations.
“This is the fourth successful new well drilled by the Ukrainian subsidiary of JKX, Poltava Petroleum Company, since the approval of the five-year development plan,” the report says.
Poltava Petroleum Company is one of the largest non-state oil and gas companies in Ukraine. It owns five extraction licenses (Rudenkivske, Ihnativske, Novomykolaivske, Molchanivske, Yelyzavetivske deposits) and one license for geological exploration (Zaplavska deposit).
JKX Oil & Gas is engaged in the exploration and production of hydrocarbons in Ukraine, Russia, Hungary, and Slovakia.

, ,

POLTAVA AIRPORT SERVICES FIRST FLIGHT AFTER RECONSTRUCTION

The Poltava international airport has serviced the first flight after reconstruction, First Deputy Head of Poltava Regional Administration Andriy Pesotsky has written on his Facebook page. “We have serviced the first flight after the reconstruction of the airport. Citizens of the United States, Canada, China and Europe arrived. They are not simply tourists, but bloggers and all those interested in aviation… I am proud that we have set the airport in order and now we can service flights both from other cities, and foreign flights,” he said.
According to the regional news portal Poltava News, the first flight of the airport is domestic, and a few dozen of foreign tourists flew from Zaporizhia by Yak-40 plane. As reported, on January 31, 2017, Poltava Regional Council adopted a program to develop and support the Poltava airport for 2017-2020 with the total cost of UAH 351 million. On December 20, 2017, the Cabinet of Ministers of Ukraine granted the status of the international airport to the Poltava airport.

, ,

UKRAINE’S RETAIL TRADE INCREASES BY 6.2%, HIGHEST GROWTH IN LUHANSK, POLTAVA, DONETSK REGION

Ukraine’s retail trade in January-June 2018 increased by 6.2% in comparable prices compared to January-June 2017, the State Statistics Service said on Friday. In June 2018 alone, retail trade decreased by 0.8% compared to May 2018, but it grew by 6.3% compared to June 2017.
The highest growth in retail trade in January-June of 2018 was recorded in the following regions: Luhansk (24.0%), Poltava (10.4%), Donetsk (10.3%), Zakarpattia (10.2%), Vinnytsia (9.9%), Kyiv (9.3%) and Ternopil (8.4%) regions. The State Statistics Service recalls that the report does not include information from temporarily occupied areas of the Autonomous Republic of Crimea and the city of Sevastopol and part of Russian-occupied Donbas in the east of Ukraine.

, , , ,

STATE-OWNED UKRENERGO INSTALLS NEW AT AT POLTAVA SUBSTATION

State-owned enterprise Ukrenergo has launched new 125 MVA auto transformer AT-1 at the Poltava 330 kV substation replacing old equipment, which had been used since 1968, the press service of the company has reported.
The press service said that the electric equipment was replaced under the substation modernization program with the replacement of transformers to increase reliability of operation of energy facilities of main power transmission lines of Ukrenergo.
The press service said that power consumption in Poltava region shows trends of gradual growth. The Poltava substation supply electricity to consumers of Poltava region, including power facilities of the housing sector of the regional center, Ukrzaliznytsia and oil and gas companies.
“The new autotransformer has improved performance and meets all the requirements of reliability and safety. In addition, it is already equipped with the ECMDU-TRANS System for Monitoring, Diagnostics and Control. This is a hardware and software complex that allows real-time monitoring, diagnostics of operating parameters of an autotransformer. This will contribute to improving the overall reliability of energy supply to consumers in Poltava region,” Operational Director of Ukrenergo Oleksiy Brecht said.
As reported, in May 2017, Ukrenergo approved the development strategy for 2017-2026, one of the key goals of which is integration into the European Network of Transmission System Operators (ENTSO-E).
Ukrenergo operates trunk and interstate power grids, as well as performs the centralized dispatching of the united energy system in the country. The company is a state-owned enterprise, it is subordinate to the Ministry of Energy and Coal Industry.

, ,