Ukraine: Turkish Airlines to add three more Kherson-Istanbul flights to summer 2017 schedule

Turkish Airlines will add three more flights on the Istanbul-Kherson route to the summer schedule totaling 10 flights per week. From March 26, flights between Kherson (Ukraine) and Istanbul (Turkey) will be operated in the morning and in the evening. Morning flights will be operated on Mondays, Tuesdays, Wednesdays, Thursdays, Saturdays and Sundays with departure…

Ukraine: Ukrzaliznytsia to focus on corporate reform in 2017

PJSC Ukrzaliznytsia should in 2017 complete the separation of individual directions in the company’s activities, as well as introduce European standards of corporate governance, the head of the company supervisory board, First Deputy Minister of Infrastructure Yevhen Kravtsov said. “In 2016 the company’s management focused on stabilization of management processes in the company. The supervisory…

Ukraine: Boryspil airport fined for abuse of monopoly

Ukraine’s Antimonopoly Committee has fined the Boryspil International Airport (Kyiv) for abuse of monopoly on the specialized airport service market. “We have finished hearing a case about abuse of monopoly by the Boryspil International Airport on the specialized airport service market. We fined the airport UAH 12.78 million,” authorized official of Ukraine’s Antimonopoly Committee Ahiya…

Ukraine: milling wheat export and domestic prices up

Both export and domestic grain prices showed growth last week. Export wheat prices gained $1-2 supported by global trends and seasonal complications in seaports. An announcement of ice campaign usually causes some increase in grain handling costs (although insignificant). Moreover, Ukrainian hryvnia fluctuated and traders continued buying grain actively last week. The prices for 2nd…

Ukraine: flour production down in 2016

In 2016 Ukrainian flour milling enterprises produced 1.939 million tons of flour, down by 4.8% YoY, the State Statistics Service declared. In particular, the production volumes in December 2016 totaled 180 thousand tons, up by 1.9% MoM and down by 5% YoY. In 2016 the production volumes of crude sunflower oil in Ukraine totaled 4.401…

Ukraine: Independent Association of Banks opposes political pressure on NBU

The Independent Association of Banks of Ukraine (NABU) opposes political pressure on the National Bank of Ukraine (NBU) and blocking of collection of debts from former owners of bankrupt banks against whom lawsuits were filed. “The association addresses Ukrainian President Petro Poroshenko, Prime Minister Volodymyr Groysman and Parliament Speaker Andriy Parubiy asking to guarantee independence…

Ukraine: Economic Ministry registers Novodnistrovsk and FastIndustry industrial parks

Ukraine’s Ministry of Economic Development and Trade registered two industrial parks: Novodnistrovsk (Novodnistrovsk, Chernivtsi region) and FastIndustry (Fastiv, Kyiv region), the ministry’s press service has said. The industrial parks became the 16th and 17th in the register of industrial parks. According to the report, the functional purpose of Novodnistrovsk Park with an area of 15.36…