Ukraine: UIA welcomes first Embraer 195

On March 12, Ukraine International Airlines welcomed to its fleet a medium-haul Embraer-195. The plane received the registration number UR-EMG and became the 6th aircraft of the Embraer brand in the UIA fleet. The aircraft accommodates 116 passengers in a two-class cabin configuration, i.e. Business and Economy Class. Therefore, passengers will be able to enjoy…

Ukraine: SkyUp Airlines launching 3 flights

The Ukrainian airline SkyUp is launching flights from Kiev to Yerevan (Armenia), Varna and Burgas (Bulgaria), according to the company’s website. The flights will be operated with departure from Boryspil airport in the Ukrainian capital. Kyiv-Yerevan flights will start from May 17 and will be operated twice a week on Mondays and Fridays. Kyiv-Varna flights…

Ukraine: banks post over UAH 5 billion in net profit in January 2019

As of February 1, the net profit of Ukrainian banks amounted to UAH 5.43 billion, according to the National Bank of Ukraine (NBU).

The banking system revenue for January amounted to UAH 20.18 billion, spending – UAH 14.754 billion and net profit – UAH 5.426 billion. (Ukrinform/Business World Magazine)

Ukraine: Wizz Air launches four new flights

Wizz Air launched four new flights from Ukraine on March 1-3, in particular, from Kyiv to Bremen (Germany), Billund (Denmark) and Riga (Latvia) and from Lviv to Copenhagen (Denmark), the company’s press service has reported. According to the report, Wizz Air performed its first flights from Kyiv to Bremen, Billund and Riga, as well as…

Ukraine: sugar production to drop

Sugar production in Ukraine in the 2019-2020 marketing year (MY, September 2019 – August 2020) could be reduced by 22% compared with the previous marketing year. The fall to 1.4 million tons is expected, as reported by the press service of the National Association of Sugar Producers of Ukraine “Ukrtsukor” with reference to a head…

Ukraine: industrial production down in January 2019

Ukraine’s industrial production declined by 2.9% in January compared to January 2018, the State Statistics Service of Ukraine reported. According to the seasonally adjusted index of the state statistics agency, industrial output in January 2019 shrank by 0.5% compared to December 2018. According to unadjusted indices, the drop in industrial production last month was 3.3%…

Ukraine: trade and economic cooperation discussed with Qatar

The representatives of Ukraine and Qatar have discussed the issues of bilateral trade and economic cooperation and the opportunities for investment in Ukrainian infrastructure, agriculture, and energy sectors. “The main talking points of the meetings were the issues of bilateral trade and economic cooperation, the opportunities for investment in Ukrainian infrastructure, agriculture and energy sectors,…

Ukraine: apple exports to UAE to grow

In the 2018-2019 season, Ukraine can export about 200 containers of apples to the United Arab Emirates, while the volume of supplies will grow on a monthly basis. Head of the Ukrainian Fruit and Vegetable Association Fedir Rybalko made a corresponding statement at the GulFood exhibition held in Dubai, the UAE, the press service of…

Ukraine: Ukroboronprom to modernize Egypt’s air defense systems

Ukraine’s state-run Ukroboronprom Concern has reached an agreement to modernize Egypt army’s air defense systems. The agreement was signed at the meeting between Director General of Ukroboronprom Pavlo Bukin and Vice President and Production Director of Egypt’s National Organization for Military Production Hassan Ahmed Abdel-Mageed during an IDEX-2019 exhibition in Abu Dhabi (UAE), according to…