Business news from Ukraine

SOME 3.376 MLN PEOPLE USE SERVICES OF UKRAINIAN TOUR OPERATORS IN 2018

Some 3.376 million people used services of Ukrainian tour operators in 2018. Total income of travel companies was UAH 16.9 billion (without VAT), according to the statistics on the website of the Economic Development and Trade Ministry of Ukraine. According to the ministry, the largest number of tourists used services of the following companies: Join UP! (902,600 people, including 878,400 Ukrainians traveling abroad), ANEX Tour (515,600 Ukrainians traveling abroad), and Accord Tour (279,700 people, including 260,500 Ukrainians traveling abroad).
Leaders among travel companies also include (284,900 people), Coral Travel (243,700 people), and TUI Ukraine (230,400 people).
Tour operators sold 1.56 million tours worth around UAH 37.766 billion in 2018.
As reported, total income of Ukrainian tour operators in 2017 was UAH 13.14 billion. Some 2.56 million people used their services.

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STRUCTURE OF UKRAINIAN FOREIGN TRADE IN SERVICES (EXPORT) BY COUNTRIES IN IQ, 2019

Structure of ukrainian foreign trade in services (export) by countries in iq, 2019

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UKRAINIAN AVIATION PLANT STARTS TO PROVIDE BOEING WITH MAINTENANCE SERVICES

State-owned enterprise (SOE) 410 Civil Aviation Plant has started providing Boeing aircraft repair and maintenance services. “The company has already begun to develop services for the repair and maintenance of Boeing aircraft, conducting joint work on these aircraft with Concorde Aerotechnica,” the press service of the enterprise said on the website of 410 Civil Aviation Plant.
According to the press service, currently there are two Boeing 737-500 planes in the workshops of the aircraft repair plant, where maintenance and painting works are being carried out.
“Upon the completion of the training and certification phase of production, the company will be able to significantly expand its capabilities by independently performing maintenance work on modern aviation technology as a full player in the international market,” the enterprise said.
The 410 Civil Aviation Plant is the sole enterprise in Ukraine that repairs Antonov aircraft and D-36 engines. Since June 2015, the enterprise has been part of the Ukroboronprom State Concern. In July 2015, the enterprise was certified its compliance with NATO standards.

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SALES OF SERVICES IN UKRAINE 4.8% UP IN Q3

The volume of sales of services by service enterprises in Ukraine in Q3 2018 amounted to UAH 197.1 billion, which in comparable prices is higher than the level of Q3 2017 by 4.8%, according to the State Statistics Service of Ukraine. According to its data, the volume of services provided to the population amounted to 24% of the total volume of services sold.
As reported, the volume of sales of services by service enterprises in Ukraine increased by 5.8% in Q2 2018, 3% in Q1 2018, by 0.6% in Q4 2017, by 3.1% in Q3 2017, by 7.7% in Q2 2017, and by 14.8% in Q1 2017.

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2.56 MLN PEOPLE USE SERVICES OF UKRAINIAN TOUR OPERATORS IN 2017

A total of 2.56 million people used services of Ukrainian tour operators in 2017, and total revenue of tour companies accounted for UAH 13.14 billion, according to a posting on the website of the Regional Development, Construction, Housing and Utilities Economy Ministry of Ukraine. According to the report, the largest number of tourists in 2017 used services of Join UP! tour operator (703,400 people, including 678,000 Ukrainians travelling abroad), ANEX Tour (453,800), and Travel Professional Group (240,700). ANEX Tour (UAH 5.53 billion), Travel Professional Group (UAH 3.27 billion) and TUI Ukraine (UAH 1.95 billion) saw the largest profit.
Among the leaders in the number of tourists are also companies TEZ Tour (233,700), Coral Travel (199,800) and TUI Ukraine (136,200); by the amount of profit seen – Kyivsky Sputnik (UAH 237 million), Siesta (UAH 173 million), Yana Luxury Travel (UAH 123.3 million), Kiy Avia (UAH 11.1.2 million), New Standard (UAH 100.3 million), Orbita (UAH 57.3 million), and Club Med (UAH 57.2 million).
In 2017, tour operators sold 1.26 million vouchers with a total value of about UAH 27.9 billion. 790,700 vouchers were sold directly to the population, of which 742,100 were vouchers for Ukrainians to travel abroad, 38,600 vouchers for Ukrainians to travel within the country, and 10,000 to foreigners for traveling in Ukraine.

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SCHLUMBERGER TO PROVIDE SERVICES FOR $92 MLN TO STATE-RUN UKRGAZVYDOBUVANNIA

Schlumberger Services Ukraine LLC will provide coiled tubing (CT) services, including high-tech services using CT drilling rig and engineering support, for $92 million to JSC Ukrgazvydobuvannia. According to a report of Naftogaz Ukrainy, the respective contract, which is to be implemented in the next three years, was signed with Schlumberger Services Ukraine in October 2018. One CT drilling rig has been shipped to Ukraine and is ready to be exploited at wells of Ukrgazvydobuvannia.
“Ukrgazvydobuvannia expects to improve its technological expertise and enhance the production of hydrocarbons using highly efficient CT services and other technologies provided by Schlumberger,” the company said.
In addition, Naftogaz and Ukrgazvydobuvannia intend to further enhance their strategic technology collaboration with Schlumberger Services Ukraine LLC in drilling, hydraulic fracturing, hydraulic stimulation, software development and 3D modeling, as well as the provision of advanced equipment and software solutions. The companies have signed the respective memorandum of understanding.
Naftogaz said that this collaboration with Schlumberger will give Ukrgazvydobuvannia and Naftogaz access to high-technology solutions to help deliver their Strategy 20/20 goals.
Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry.

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