Business news from Ukraine

HUNGARIAN WIZZ AIR PLANS TO LAUNCH FLIGHT FROM DORTMUND TO ZAPORIZHIA

The Hungarian low cost airline Wizz Air intends in August 2020 to launch a flight from Dortmund (Germany) to Zaporizhia, due to the opening of an air carrier base in Dortmund. According to Wizz Air’s press service, flights will start on August 2 and will be operated on Wednesdays and Sundays. Ticket price is from UAH 729.
In addition, the airline launches flights from Dortmund to Alghero, Bari, Catania, Naples, Athens, Corfu, Heraklion, Rhodes, Santorini, Thessaloniki, Fuerteventura, Lisbon, Marrakesh, Podgorica, Reykjavik, and Suceava.

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UKRAINE AND TURKISH ONUR SIGN CONTRACT FOR CONSTRUCTION OF BRIDGE IN ZAPORIZHIA

The State Agency of Automobile Roads of Ukraine (Ukravtodor) and the Turkish company Onur Taahhut Tasimacilik İnsaat Ticaret Ve Sanayi Anonim Sirketi (Ankara) have signed a contract for the construction of a bridge in Zaporizhia. According to an Interfax-Ukraine correspondent, the corresponding document was signed by Ukravtodor Head Oleksandr Kubrakov and the representatives of Onur Taahhut at a meeting on March 3.
“We expect that work will begin next week. The agreement that was signed is designed for four years, but we have our internal terms … We expect it to be two years,” Kubrakov said after the signing ceremony.
As reported, the Turkish company Onur Taahhut Tasimacilik İnsaat Ticaret Ve Sanayi Anonim Sirketi won a tender for the construction of a bridge in Zaporizhia with an offer of UAH 11.918 billion.
Onur Taahhut was founded in 1991. It is engaged in construction of roads, bridges, junctions, structures and road reconstruction work. The company has successfully implemented important projects in Croatia, Ukraine, Tunisia, Moldova, Oman, Equatorial Guinea, and Turkmenistan. It has experience in the implementation of construction and assembly works at infrastructure facilities throughout Ukraine.

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STATE-CONTROLLED UKRGASBANK ISSUES $14.5 MLN FOR BUILDING NEW TERMINAL AT ZAPORIZHIA AIRPORT

State-controlled Ukrgasbank (Kyiv) has issued $13 million and UAH 42.8 million for the construction of a new terminal at Zaporizhia airport, the financial institution’s press service has told Interfax-Ukraine. According to the report, the total cost of building the new terminal amounted to UAH 1.085 billion.
“Further borrowing needs from the borrower have not been announced at the moment,” the press service of Ukrgasbank said.
As reported, in December 2019 Zaporizhia completed the construction of a new airport terminal and in March 2020 they plan to open it for passengers.
Ukrgasbank was established in 1993. The state represented by the Ministry of Finance owns 94.94% of the shares of the financial institution.
Ukrgasbank ranked fourth among 76 banks operating in the country on October 1, 2019 in terms of total assets (UAH 114.133 billion), according to the National Bank of Ukraine.

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HUNGARY’S LOW COST WIZZ AIR LAUNCHES SIX FLIGHTS FROM ZAPORIZHIA

The Hungarian low cost airline Wizz Air Holdings Plc launches flights from Zaporizhia to Gdansk, Wroclaw, Krakow (all from Poland), Vienna (Austria), and Vilnius (Lithuania).
This was announced by Human Resources Director at Wizz Air Holdings Plc Johan Eidhagen during a press conference in Kyiv.
According to him, flights will be operated twice a week, in particular, to Gdansk on Mondays and Fridays (from March 30), to Wroclaw on Wednesdays and Sundays (from March 29), to Budapest on Thursdays and Sundays (from March 29), to Vienna on Thursdays and Sundays (from March 29), to Krakow on Wednesdays and Sundays (from March 29), to Vilnius on Mondays and Fridays (from March 30). Their cost is from UAH 569 one way.
“We are always trying to find “diamonds” that have not yet been processed. This is one of the examples when the airport [of Zaporizhia] has developed so much over the past couple of years. There is a great potential for further growth there,” he said.
Wizz Air, the largest low cost carrier in Central and Eastern Europe, offers flights on more than 600 routes from 25 bases, connecting 145 destinations in 44 countries. The airline fleet consists of 120 Airbus A320 and Airbus A321 aircraft.
By the end of 2019, the company intends to carry 40 million passengers.

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ZAPORIZHIA INTERNATIONAL AIRPORT INCREASES PASSENGER TRAFFIC BY 27%

Zaporizhia International Airport in January-July 2019 served more than 280,000 passengers, which is 27% more than for the same period in 2018.
According to the statistics on the airport’s website, the number of passengers served on international flights for the seven months amounted to 214,000 people (an increase of 28%), on domestic flights some 68,000 people (an increase of 22%).
In July 2019, some 51,000 passengers used the services of the airport, which is 13% more than in July 2018. At the same time, more than 40,000 people were transported on international airlines and almost 11,000 on domestic flights.
“Over the past 11 years, since 2008, when they began to systematically collect statistical data, the largest number of passengers — almost 25,500 people — were carried through Zaporizhia airport for the second summer month … In the same month, the largest number of takeoffs was recorded – 356,” the airport said.

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ARRICANO DEVELOPER TO SELL TWO SHOPPING MALLS IN KRYVYI RIH AND ZAPORIZHIA

Arricano Real Estate Plc (Cyprus), managing company and developer of shopping and entertainment malls in Ukraine, is going to sell two its properties: Sun Gallery Mall in Kryvyi Rih (Dnipropetrovsk region) and City Mall in Zaporizhia.
“Arricano is pleased to announce it has entered into negotiations to sell two of its properties in its property portfolio, Sun Gallery (located in Kryvyi Rih, Ukraine) and City Mall (located in Zaporizhzhia, Ukraine),” reads an announcement of the company posted on London Stock Exchange (LSE) on July 31.
The developer said it has entered into non-binding heads of terms with Dragon Capital Investments Limited and with other parties in relation to such sale.
“A sale of the properties is a part of Arricano Real Estate PLC global strategy, due to which received funds will be meant for the development of portfolio and strengthening of the company’s positions,” Arricano CEO Mykhailo Merkulov told Interfax-Ukraine.
According to the developer, Sun Gallery is currently held in Arricano’s subsidiary, PrJSC Ukrpangroup, a Ukrainian subsidiary of Museo Holdings Limited and City Mall is currently held in in Arricano’s subsidiary, Pryzma Alfa LLC, aUkrainian subsidiary of Sunloop Co Limited.
Arricano is one of the leading real estate developers of shopping centres in Ukraine with European investments. It is listed on the AIM Market of the London Stock Exchange since 2013. Today Arricano Group owns and operates five completed shopping centers and 49,9% shareholding in Sky Mall and land for further three sites currently under development.

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