Business news from Ukraine

MAYOR OF ZAPORIZHIA RESIGNS

Mayor of Zaporizhia Volodymyr Buriak announced his intention to resign from the post of mayor for health reasons.
“Today, during a session of the Zaporizhia City Council, I announced my intention to resign from the post of mayor. You know that I was on sick leave and was examined. Considering that I was on the operating table three times, the doctors recommend that I take care of my health, because there are still several examinations to take,” Buriak wrote on his Facebook page.
He also said that he is not going to leave the city, he will not leave politics, and the party of Volodymyr Buriak “Yednannia” (Unity) will continue to participate in the development of the party and the city.
On November 25, 2015 Buriak took the oath of the mayor. On October 25, 2020, he was elected mayor of Zaporizhia for a second term.

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ZAPORIZHIA IRON ORE PLANT RAISES IRON ORE PRODUCTION

Zaporizhia Iron Ore Plant (Dniprorudne, Zaporizhia region) in January-July this year increased iron ore production by 7.5% compared to the same period last year, to 2.84 million tonnes (in January-July 2020 – some 2.642 million tonnes).
The company told Interfax-Ukraine that during this period, 2.705 million tonnes of products were shipped to consumers. At the same time, 423,000 tonnes of ore were mined in July, and 385,900 tonnes were shipped to consumers.
Zaporizhia Iron Ore Plant sells its products to metallurgical enterprises in Slovakia, the Czech Republic, Austria and Poland, as well as to Zaporizhstal metallurgical plant in Ukraine.
The main shareholders of the plant are Slovak company Minerfin, a.s. with 51.1697%, Zaporizhstal with 29.5193%, and Czech KSK Consulting, a.s. with 19.0632%.

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ZAPORIZHIA AUTOMOBILE BUILDING PLANT PRODUCES 1,742 CARS IN 2021

JSC Zaporizhia Automobile Building Plant (ZAZ) in January-May of this year produced 1,742 passenger cars, while in the same period of 2020 – none, according to the statistics of the Ukrautoprom association.
At the same time, the plant produced 417 passenger cars in May, compared to 472 passenger cars in April this year.
The plant also produced 39 buses over the five months versus 13 buses a year earlier.
According to the statistics of the association, the second Ukrainian manufacturer of passenger cars, the Eurocar plant (Zakarpattia region), in January-May produced 1,796 Skoda passenger cars using the SKD assembly method, which is 35.5% more than in the same period last year, including 527 cars produced in May (6 times more than in May 2020).
As reported, taking into account these production indicators of the two plants, the production of passenger cars in Ukraine in January-May increased 2.7-fold, to 3,538 cars.
ZAZ is a leading automobile manufacturing plant with the capacity for full-scale production of automobiles. The plant is part of the Ukrainian Automobile Corporation (UkrAVTO), owned by Tariel Vasadze.
The corporation’s brand portfolio includes passenger cars Chery, Lada, Chevrolet, Kia, Renault, as well as Mercedes, Jeep, Maserati, and buses of several classes.

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ZAPORIZHIA PLANT PLANS TO PRODUCE 10,000 CARS IN 2021

JSC Zaporizhia Automobile Building Plant (ZAZ) intends to produce 10,000 cars in 2021 after resuming their production last year, said head of Zaporizhia Regional State Administration Oleksandr Starukh.
“The enterprise suspended its production, now it has been resumed, and everything is started small … We signed an agreement with Renault – this year we will have 10,000 cars,” Starukh said during the UkraineInvest Talks: Dnipro forum on Thursday.
According to him, in the first quarter of this year, ZAZ also sold 50 buses to Poland.
As reported, in 2018, ZAZ, due to economic inexpediency and in the absence of state programs to stimulate the automotive industry, stopped the production of passenger cars, the production of which was the leader in the country for many years. But in September 2020, Groupe Renault officially announced the start of production of passenger cars for the local market.

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AUSTRIAN AIRLINES LAUNCHES FLIGHTS FROM VIENNA TO ZAPORIZHIA

On the occasion of its first flight to Ukraine 30 years ago, the Austrian Airlines announced the launch of flights from Vienna to Zaporizhia from May 17 with a frequency of three times a week (round trip).
The press service of the Ministry of Infrastructure of Ukraine said on Thursday that during the summer the company plans to increase the number of flights to daily.
It is noted that the flights will be operated on Mondays, Wednesdays and Fridays from Vienna to Zaporizhia at 10:35 local time, and from Zaporizhia at 14:30.
At the same time, the airline will no longer offer the Vienna – Dnipro route due to its proximity to Zaporizhia.
“The development of regional airports and aviation remains our priority for the coming years. Over time, the pre-quarantined air traffic will recover, and we are preparing our airfields for active work. I am glad that one of the leading European airlines, Austrian Airlines, which is part of the Lufthansa concern, is opening a new flight in Zaporizhia. Kyiv, Lviv and Odesa are already included in the program. I am grateful to the local authorities of Zaporizhia and the airport management for the well-coordinated and fruitful work, and I wish the pilots and future passengers a cloudless sky and successful flights,” the press service quoted Minister of Infrastructure Vladyslav Krykliy as saying.

There are currently no direct flights on the Vienna – Zaporizhia – Vienna route.

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IFC MAY ALLOCATE $55 MLN TO ZAPORIZHIA TO IMPROVE ENERGY EFFICIENCY

The International Finance Corporation (IFC) may provide Zaporizhia with a $55 million long-term loan to finance a package of initiatives aimed at improving energy efficiency, infrastructure development and transport logistics.
The board of directors plans to consider this project on February 15, 2021, the bank said on its website.
IFC plans to provide Zaporizhia with up to EUR 36.7 million of a loan from its own funds and to organize another EUR 18.3 million through the Managed Co-Lending Portfolio Program (MCPP).
It is assumed that the funds will be used for the installation of an intelligent traffic control system, street lighting and modernization of control centers, the purchase of electric buses, trolleybuses and related infrastructure, (reconstruction of traction equipment, substations, the purchase of road construction and cleaning equipment, as well as the reconstruction of roads and the development of public parks.
In addition, IFC will help develop a Smart City 2.0 strategy for Zaporizhia

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