Page 67 - UKRRptMar19

AN-178, a 70-seat regional passenger plane; AN-158, the 100-seat version; and AN-178, a medium range military transport. Production can restart due to near completion of a program to replace Russian parts with parts from Canada, China and the US. The state company’s financial plan foresees a tripling of income from aircraft sales.
Hungary's low cost airline Wizz Air carried over 1.5mn passengers on its routes to and from Ukraine , which represents more than 107% growth compared to the similar period last year and makes the carrier the largest low-cost carrier in the country, the company said in a statement on February 19. The same day the carrier announced two new routes from Kyiv - to Athens and Thessaloniki in Greece. The low-fare connection Kyiv-Athens is commencing on May 21 with 2 weekly frequencies, on Tuesdays and Saturdays, while flights on a route Kyiv-Thessaloniki are commencing on May 20 and will be operated 2 times per week, on Mondays and Fridays.
9.2.4 Construction & Real estate corporate news
After a decade long drought in high rise construction starts in Kyiv, a Ukrainian group wants to build a 100-meter tall hotel and office complex at 107-109 Velyka Vasilkivska, facing the Palace of Ukraine metro station and concert hall. Located midway between St. Nicholas Roman Catholic Cathedral and Ocean Plaza shopping mall, the builders, Ukrzhitlobud, would need a city variance for rising higher than the 27-meter limit on buildings in the historic district. Nashi Groshi news site notes that building permits have been given for ‘hotels’ that end up being apartment buildings. Of the 11 buildings in Kyiv higher than 110 meters, eight are residential. All were built in the 2000s. The last one, No. 1 Obolon Embankment, was completed in 2013.
Dragon Capital has bought a cold storage warehouse complex on western Kyiv’s Ring Road, raising the investment company’s warehouse holdings to 300,000 square meters. With the purchase of the Arktika warehouse, “logistics space will constitute 48% of our total commercial property portfolio,” says Volodymyr Tymochko, Dragon’s managing director for private equity. “Ongoing growth in demand for warehouses, fuelled by the expansion of offline and online retailers, is making this particular real estate segment attractive for investment.” Last week at Dragon’s annual investor conference, Tomas Fiala, Dragon’s CEO, said: “In logistics and retail -- not only in Kyiv, but across the country -- vacancies are close to zero, which we last saw in 2007–2008.”
9.2.6 Agriculture corporate news
South Korea’s Posco Daewoo is buying 75% of a 2.5mn ton a year grain export terminal under construction in Mykolayiv. South Korea, a nation of 52mn people, imports almost all its wheat and corn – about 15mn tons. This year, Ukraine is to export 47mn tons of grain. Last year, Choi Jeong-woo took over as Posco chairman and the steel giant on a path to become a global grain trader. Posco became a corporate member of President Poroshenko’s National Investment Council and sent executives to Ukraine on fact finding visits here. In a deal where investment values were not made public, Ukraine’s Orexim Group retains minority ownership of the terminal.
● Kernel
67 UKRAINE Country Report March 2019 www.intellinews.com