Page 60 - UKRRptAug23

9.2 Major corporate news 9.2.3 Transport corporate news
Ryanair plans to invest $3B to restore the Ukrainian aviation industry. A delegation from the largest European low-cost airline, Ryanair, led by CEO Michael O'Leary, arrived at Kyiv Boryspil International Airport. Representatives of the airport and the airline discussed their partnership as part of Ryanair's strategic plan for the rapid recovery of air transport immediately after Ukraine's victory and EASA's confirmation of the safety of flights in Ukrainian skies. Ryanair has announced that it will invest $3B in the recovery of the Ukrainian aviation industry. The investment plan includes basing up to 30 new Boeing 737 MAX aircraft at three main airports in Ukraine. The low-cost airliner is also expected to return to Ukraine within eight weeks after the airspace is restored. This will make it possible to perform 600 flights every week from Ukraine's main airports to more than 20 EU capitals. In addition, Ryanair plans to open daily domestic flights between Kyiv, Lviv, and Odesa as soon as these airports can accommodate them.
The Mykolaiv Nika-Tera Seaport suffered UAH 1B in losses during the war. Group DF reported that Russian troops have attacked the port more than 10 times. The amount of damages is a preliminary estimate and may be much higher. One of the most significant strikes by the Russians was on June 4, 2022. At that time, three warehouses with a total area of more than 13,000 square meters and a total storage capacity of 105,000 tons of grain and oil crops were destroyed. Approximately 35,000 tons of sunflower meal were destroyed in warehouses. Additionally, the port suffered substantial property losses, including grain silos, hoppers, a grain drying complex, railway infrastructure, locomotives, various handling equipment, and motor vehicles. Work on restoring the Nika-Tera port is currently not underway because Mykolaiv is under constant fire, and the port is completely closed to ships. During the war, the company still managed to ship more than 237,000 tons of grain and 27,000 tons of corn from the port's warehouses.
9.2.4 Construction & Real estate corporate news
A new industrial park in Western Ukraine will create 745 jobs. One more entry has been added to Ukraine's industrial park network - in the city of Perechyn in Transcarpathia. Approximately 745 new processing industry jobs will be created initially, Ukrainian Prime Minister Denys Shmyhal said at a government meeting. The government continues to expand its network of industrial parks. It already has 64 industrial sites with ready engineering infrastructure and tax benefits. Last year, the Cabinet of Ministers approved the launch of two industrial parks in the Lviv and Ternopil regions. In May of this year, the Dolyna Stryi industrial park was established in the Lviv region.
9.2.5 Retail corporate news
In 2023, Nestlé invested UAH 200M in Ukrainian factories. This year, Nestlé Ukraine has invested about UAH 200M ($5.46M) in its factories, focusing on worker safety in addition to the previously announced $45M invested in constructing a new factory in the Volyn region. According to the company, during the first half of the year, they invested in purchasing and arranging
60 UKRAINE Country Report August 2023 www.intellinews.com