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6:20 AM Saturday, November 18, 2017
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UBJ AM News: March 7, 2017
Ukraine puts a second airport in the rankings of the fastest-growing in Europe, the State Property Fund is combining forces to put upcoming tenders on ProZorro, and an array of investment activity offers good news.
image/svg+xml Kyiv Lutsk Rivne Zhytomyr Lviv Ternopil Khmelnytskyi Uzhgorod Chernivtsi Vinnytsia Chernigiv Sumy Kharkiv Poltava Cherkasy Kirovohrad Lugansk Dnipropetrovsk Donetsk Zaporizhzhia Mykolaiv Odesa Kherson Simferopol Sevastopol Ivano- Frankivsk

Boryspil International Airport in Kyiv joined its counterpart in Kharkiv in being recognized among European airports for its high rate of annual growth, Ukrinform reported. In the Airports Council International Europe report for 2016, Boryspil had the third-highest growth rate among airports that handle 5 million to 10 million passengers annually. The figure of nearly 19 percent trailed only Berlin and Larnaca airports.

Ukraine International Airlines will launch direct daily flights between Kyiv and Budapest starting June 15, according to Avianews.com. Flights are expected to operate daily departing from Kyiv at 1:35 p.m. and from Budapest at 3:20 p.m.

The State Property Fund together with the Economic Development Ministry and Transparency International Ukraine are going to start selling and leasing government property via the ProZorro procurement system, Interfax Ukraine reported.

KTD Group, a manufacturer of household appliances known throughout Europe, later this month plans to open a new plant in Cherkasy, Interfax Ukraine reported. Initially, the factory will produce ovens, and within a year, production of refrigerators and convection heaters is slated to commence. This will be KTD Group's second factory in Ukraine.

Capital investment in Ukrainian agriculture in 2016 was estimated at $1.62 billion, a record high, according to the press service of the National Scientific Center and Unian. The surge is due to investors' positive assessment of future return on investment. Projections of growth in Ukrainian exports in this sector have added momentum to the investment dynamics

Ukraine is the fastest-growing Eastern European country for German exports, chalking up 18 more in 2016 than it did the previous year, according to Ukrinform.

Five more Ukrainian food producers have received the right to export goods to the European Union, the Agriculture Ministry announced, as reported by Interfax Ukraine. According to the ministry's website, the newly authorized suppliers consist of a dairy products company, a poultry producer and three companies that make honey.

A Vinnytsia agricultural interest, Mironov Bakery, plans to build a $27 million biogas facility connected to a poultry plant that will convert chicken waste to energy, multiple news outlets reported. A company spokesman said the new facility will be the largest of its kind in the world. When construction is completed in 2020, it will generate up to 20 megawatts of electricity.

Finnish company Huhtamaki announced it will establish a factory in Kyiv to produce a broad range of paper cups, Novoe Vremya reported. Operations are slated to begin in 2018 and lead to the creation of about 50 jobs.

For comments and news tips, please email UBJ AM editor David Edwards at david.edwards@theubj.com.

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