One year after coronavirus controls shut down air travel, the Infrastructure Ministry wants to give $18 million in tax and airport rent relief to the four Ukrainian airlines

One year after coronavirus controls shut down air travel, the Infrastructure Ministry wants to give $18 million in tax and airport rent relief to the four Ukrainian airlines that carried evacuation flights last year. With jets flying largely empty one-way, a total of 170 evacuation flights were carried out by: Azur Air Ukraine, SkyUp, UIA and Windrose. are involved in.

On March 28, Mykolaiv airport wins back its lone scheduled flight, a Windrose Airlines flight to Kyiv.

On March 28, Mykolaiv airport wins back its lone scheduled flight, a Windrose Airlines flight to Kyiv. On March 1, Windrose resumes its charter flights from Mykolaiv to Sharm el Sheikh, Egypt.

For summer travel, Pegasus Airlines will launch six routes from Ukrainian cities to Turkish resort towns.

For summer travel, Pegasus Airlines will launch six routes from Ukrainian cities to Turkish resort towns. With flights starting as early as April, the Turkish discount airline will fly from Kyiv Boryspil to Bodrum, Dalaman and Izmir. Pegasus also will fly to Bodrum from Kharkiv, Lviv and Zaporizhia.

SkyUp, Ukraine’s largest discount airline, started last year with double the fleet – all Boeing 737s – but carried only 1.2 million passengers, half its forecast.

SkyUp, Ukraine’s largest discount airline, started last year with double the fleet – all Boeing 737s – but carried only 1.2 million passengers, half its forecast. Despite a bad year, the airline retained most of its staff and is holding to its 5-year plan: add 5 to 7 new jets, open new bases and win 50% of Ukraine’s air passenger market.

This spring, SkyUp starts service from Kyiv Boryspil

This spring, SkyUp starts service from Kyiv Boryspil to two Polish cities popular with Ukrainian workers: Katowice and Lodz. At the end of May, as the tourism season starts, SkyUp plans to start service from Kyiv to Hannover, Marseille, Malta and Nuremburg. Adding new cities and new countries in June, the airline announces: “We are preparing to start flying from Kyiv and the regions to Poland, Germany, Denmark, Jordan, Sweden, Serbia and the Netherlands.”

Airlines are betting on Ukraine’s enduring love affair with Italy

Airlines are betting on Ukraine’s enduring love affair with Italy. Starting in late May, SkyUp will expand its Kyiv flight network to nine Italian cities: Bari, Bergamo, Bologna, Catania, Lamezia Terme, Naples, Rome and Rimini. In June, Lumiwings, a Greek company, plans to start flights between Odesa and two Italian cities – Forli and Perugia. At the end of April, UIA starts daily flights from Kyiv to Milan, Rome and Venice.

A sign of summer travel

A sign of summer travel: people who want to visit Italy’s Sardinia island will have to present a coronavirus vaccination certificate, Governor Christian Solinas tells L’Unione newspaper, according to ANSA. Prior to boarding a plane or ferry, travelers will have to show a certificate of having received the two shots – and having tested negative.

UIA restores flights from Kyiv to New York, Toronto, Delhi, Cairo and London-Heathrow

UIA restores flights from Kyiv to New York, Toronto, Delhi, Cairo and London-Heathrow, according to a new summer schedule that starts in time for the May holidays. The new schedule also restores a host of EU cities and increases frequencies to existing EU destinations.

The start date of vaccinations against Covid-19 in Ukraine is slipping by 2-3 weeks

The start date of vaccinations against Covid-19 in Ukraine is slipping by 2-3 weeks, Andriy Slavutsky, head of UNICEF health programs said yesterday at a vaccination training event. Due to paperwork delays, “the Pfizer should arrive in late February or early March,” he said. Moldova also hopes to start vaccinating in early March, By contrast, Ukraine’s EU neighbors –Poland, Slovakia, Hungary and Romania – already have vaccinated 5-6% of their populations, according to the Financial Times vaccine tracker. Russia has

Ukraine hopes to sign its long-delayed Open Skies agreement with the EU in 10 days,

Ukraine hopes to sign its long-delayed Open Skies agreement with the EU in 10 days, when Charles Michel, president of the European Council, visits Kyiv, Prime Minister Shmyhal tells Ukrinform. Fresh from a 2-day visit to Brussels, Shmyhal says: “At a face-to-face meeting, [EU Foreign Minister Josep] Borrell confirmed there were no issues with Ukraine.”

Miss flying?

Miss flying? For $95, UIA offers on Sunday, March 7 a “Flight over Kyiv”. This 70-minute excursion features a view of Chornobyl nuclear plant from 900 meters and an overflight of Antonov’s airport at Gostomel, home of the world’s largest airplane, the An-225 Mriya. Off duty UIA pilots will mingle in the passenger cabin of the 100-seat Embraer 195, answering questions about flying over Kyiv. (Two on duty pilots are to stay in the cockpit). UIA proposes some sample questions:

Dnipro airport, Ukraine’s largest airport construction project of the year, will be rebuilt by Kyiv’s

Dnipro airport, Ukraine’s largest airport construction project of the year, will be rebuilt by Kyiv’s Altis-Construction LLC. With a $141 million bid for the three-year project, Altis beat six other companies in an open tender by the Infrastructure Ministry. The government has budgeted $50 million this year, almost 60% of all government airport work for the year. Altis is to build a new, 3.2 km runway, long enough for Boeing 777s. Separately, Oleksandr Yaroslavsky’s DCH group is building a new

In a survey of 172 hotels across Ukraine, 23% predict business will return this year to 2019 levels and 57% predict a full return in 2022

In a survey of 172 hotels across Ukraine, 23% predict business will return this year to 2019 levels and 57% predict a full return in 2022, reports the Ukrainian Hotel & Resort Association. Horwath HTL Hungary. Last year, two thirds of hotels cut room rates and hotel staff. More than 60% of hotel managers said their revenues shrank by more than 40%. To increase revenue, one quarter rented rooms as temporary offices and one third invested in digital marketing. Revenues

Due to controls surrounding coronavirus, the world tourism industry lost $935 billion

Due to controls surrounding coronavirus, the world tourism industry lost $935 billion during the first 10 months of 2020, reports United Nations World Tourism Organization. To allow safe travel, the EU and Israel are working to introduce ‘vaccination passports.’

Despite corona controls, Ukraine’s Border Service registered 11.2 million exits by Ukrainians last year

Despite corona controls, Ukraine’s Border Service registered 11.2 million exits by Ukrainians last year, potentially one quarter of the nation’s adult population. Top destinations were: Poland – 4 million; Hungary – 1.6 million; Russia – 1 million; Turkey — 965,000; Egypt – 730,000, Romania – 626,000; and Belarus – 496,000.

Ukraine received 3.4 million visits by foreigners

Ukraine received 3.4 million visits by foreigners. The top countries were Ukraine’s land neighbors: Moldova – 933,000; Belarus – 463,500; Russia – 390,000; Poland – 272,000; Romania – 229,000; and Hungary – 217,000. By air, the top countries were: Turkey – 149,000; Germany — 74,000; Israel – 57,000; and the United States – 42,000.

The number of Kyivstar subscribers who traveled abroad during the Dec. 24-Jan. 10 holiday season was down 81% yoy,

The number of Kyivstar subscribers who traveled abroad during the Dec. 24-Jan. 10 holiday season was down 81% yoy, reports Ilya Polshakov, New Business Director for Kyivstar, Ukraine’s largest mobile phone company. According to the company, the top five destinations were: Egypt, Turkey, Poland, Moldova and Romania. Dropped from the 2019 top five were two EU countries largely closed this winter to Ukrainian tourists: Germany and the Czech Republic and Germany. Polshakov studied the domestic and international travel patterns of

With snow and sub-freezing temperatures forecast through Friday, restrictions on trucks entering Kyiv are expected to continue off and on.

With snow and sub-freezing temperatures forecast through Friday, restrictions on trucks entering Kyiv are expected to continue off and on. At a peak, 3,000 trucks were stopped outside the capital, with their drivers waiting for roads to clear. At eight entry points to the city, the State Emergency Service pitched warming tents, offering hot tea and biscuits. Last night, after rush hour traffic jams subsided, trucks were allowed into the city, alleviating fears of shortages in supermarkets.

Due to the cold temperatures, coal reserves at thermal power plants fell sharply during the first week in February, hitting 57% of minimum, required volumes

Due to the cold temperatures, coal reserves at thermal power plants fell sharply during the first week in February, hitting 57% of minimum, required volumes, Ukrenergo reported yesterday. To fill the gap, hydro plants on the Dnipro cascade increased output by 27% during the first week. Energoatom is advancing by several days the scheduled relaunching of reactor No. 2 at Khmelnitskiy Nuclear Power Plant.

DTEK Energy has announced a tentative agreement with bond and bank debt holders to restructure much of its $2 billion bond and bank debt

DTEK Energy has announced a tentative agreement with bond and bank debt holders to restructure much of its $2 billion bond and bank debt. After 10 months of negotiations, the deal’s center piece is exchanging guarantees from DTEK Oil & Gas Receivables for $425 million of new DTEK Oil & Gas notes. Listed on the Irish Stock Exchange, these bonds would pay 6.75% cash interest semiannually and mature Dec. 31, 2026. As part of the deal, DTEK Energy will appoint

Ukraine’s economic activity in the fourth quarter of last year was only down 1% yoy, far better than the forecast drop of 3%

Ukraine’s economic activity in the fourth quarter of last year was only down 1% yoy, far better than the forecast drop of 3%, Economy Minister Ihor Petrashko told reporters Tuesday at the Ukraine 30 Coronavirus: Challenges and Responses Forum in Kyiv. “Currently, the conditions for economic recovery, in principle, are quite favorable,” he said. “Our forecast for 2021 – an increase of 4.6% – we retain unchanged and [see as] quite likely.”

Ukraine’s steel production could increase by as much as 6% this year, to 21.8 million tons,

Ukraine’s steel production could increase by as much as 6% this year, to 21.8 million tons, according to a study prepared by the GMK Center, a metals industry analytical and consulting group: “Forecast of Steel Production in Ukraine in 2021.” By reorienting exports to China, Turkey and Southeast Asia, Ukraine’s steel sector ended 2020 recording a 1% drop in production, but rising from 13th to 11th place in the ranks of world steel producers. “Ukrainian steelmakers begin 2021 with the

Ukraine’s full bore coronavirus vaccination campaign may be delayed from March to April

Ukraine’s full bore coronavirus vaccination campaign may be delayed from March to April because of government paper work delays in China and Ukraine, reports Reuters. Last week, Ukraine’s Lekhim asked Ukrainian authorities’ permission to delay to April imports from China of the first shipments of 1.9 million Sinovac vaccines, according to a letter seen by a Reuters reporter in Kyiv.

Dragon Capital wrote

Dragon Capital wrote: “The updated restructuring terms mark a significant improvement over the previous version…The new proposed DTEK Energy bond structure is also simpler than the previous variant and likely to have its own dedicated Bloomberg calculator, facilitating bond trading and improving its overall liquidity.”

Vaccinations are scheduled to start Monday, drawing on an expected shipment of 117,000 Pfizer vaccines. President Zelenskiy talked on the phone Monday afternoon with Albert Bourla,

Vaccinations are scheduled to start Monday, drawing on an expected shipment of 117,000 Pfizer vaccines. President Zelenskiy talked on the phone Monday afternoon with Albert Bourla, CEO of Pfizer Pharmaceutical Corporation, based in New York. “Ensuring vaccination of the population of Ukraine with a safe certified vaccine is one of our priorities,” Zelensky said. The President’s website reported: “The Board Chairman of Pfizer promised to do everything possible to ensure that Ukraine receives the first batches of vaccine under contract

All Ukrainians should have access to vaccines by the end of this year,

All Ukrainians should have access to vaccines by the end of this year, Health Minister Maksym Stepanov told ICTV’s Freedom of Speech program. He vowed: “We want to ensure that 100% of the population have access to a COVID-19 vaccine by the end of 2021.” Separately, President Zelenskiy addressed popular skepticism of the vaccines, saying Monday: “We all need to show vaccination live on TV. There’s no other choice than to lead by example.”

Ukraine’s turn last month to Britain’s Crown Agents to buy coronavirus vaccines illustrates the difficulty in breaking ingrained traditions of drug profiteering at the Health Ministry

Ukraine’s turn last month to Britain’s Crown Agents to buy coronavirus vaccines illustrates the difficulty in breaking ingrained traditions of drug profiteering at the Health Ministry, Pavlo Kovtoniuk, Head of the Health Economics Center at the Kyiv School of Economics, writes in an Atlantic Council piece: “Ukraine signs vaccine deal, but delays highlight urgent need for healthcare reform.” Noting that Crown Agents temporarily procured drugs for Ukraine 2016-2018, Kovtoniuk, who was Deputy Health Minister at the time,  wrote “For the

The vaccination of 10 million Ukrainians at risk – about one third of all adults – is a condition for Ukraine receiving

The vaccination of 10 million Ukrainians at risk – about one third of all adults – is a condition for Ukraine receiving a $30 million World Bank loan this spring under its Covid-19 Emergency Response and Vaccination in Ukraine project, the Finance Ministry reported Tuesday. The money is to be part of a $90 million World Bank loan for Covid testing and vaccinations. Deputy Finance Minister Roman Yermolychev said: “We must understand that these are loans, and therefore their disposal

US support to Ukraine for combatting the pandemic totals $48 million over the last year

US support to Ukraine for combatting the pandemic totals $48 million over the last year, Kristina A. Kvien, US Chargé d’Affaires, told the Coronavirus Forum on Monday. She said the money has gone to bolstering Ukraine’s health system, supporting small businesses, and countering “COVID-related disinformation that threatens our collective ability to get this pandemic under control.”

Germany is proving Ukraine with a €13.1 million medical care grant that includes supplying equipment for outpatient diagnosis and treatment of coronavirus

Germany is proving Ukraine with a €13.1 million medical care grant that includes supplying equipment for outpatient diagnosis and treatment of coronavirus. This grant, and a second one for €23.5 million are largely focused on Ukraine’s war affected southeast where the money is to go for upgrading hospitals and building housing for internal refugees.

Dragon writes

Dragon writes: “The government has sufficient liquidity buffers to proceed without IMF financing until end-May (assuming full rollover of domestic debt), but faces an increase in fiscal funding needs in 2H21, especially in September, the peak of external debt redemptions ($2.2bn), and December, due to seasonal expansion of the budget deficit (at least half of $8.4bn full-year gap). Thus, authorities would need to secure IMF financing by August at the latest in order to facilitate funding from other sources (IFIs,

The Finance Ministry increased 2.5-fold its sale of bonds yesterday

The Finance Ministry increased 2.5-fold its sale of bonds yesterday, but kept yields largely unchanged at the weekly auction, according to results posted on Facebook. Of the total $467 million in dollars and hryvnia equivalent sold, the 16-month hryvnia bond was the big seller, accounting for 31% of all sales and going for a weighted average of 11.15%. Of the six bonds sold, interest rates ranged from 9.89% for 6-month bonds to 12.5% for 6-year bonds. In addition, the Ministry

Despite the harsh spring lockdown, Foxtrot achieved a 20% growth in sales of its retail electronics last year

Despite the harsh spring lockdown, Foxtrot achieved a 20% growth in sales of its retail electronics last year, Foxtrot CEO Alexey Zozulya reports. On line sales grew strongly, with 9 million people visiting Foxtrot.ua. Half of online buyers took advantage of the new ‘self-pickup’ service at Foxtrot stores. Sales through all channels registered this growth: smartphones +14%; TVs +28%; computer equipment +67%; and laptops +80%.

Marriott International expects to open its first Sheraton in Ukraine, at Kyiv’s Olympiysky complex, by the end of this year

Marriott International expects to open its first Sheraton in Ukraine, at Kyiv’s Olympiysky complex, by the end of this year, according to a press release. Delayed for a decade, the hotel project received new impetus last fall when the U.S. International Development Finance Corporation approved a $27 million loan for completing the hotel. The 14-story hotel will have 196 rooms and underground parking for 144 cars. The building stands at Velyka Vaslkyivska 55, between the sports stadium and the Olimpiyska

The Kyiv City Council has made a preliminary decision to expand Sikorsky’s airport’s lone runway by 22%

The Kyiv City Council has made a preliminary decision to expand Sikorsky’s airport’s lone runway by 22%, to 2,810 meters.  This would allow larger aircraft, such as Airbus A321, to land at Kyiv’s Right Bank airport, historically known as Zhuliany. Potentially, this would mean flights arriving from as far away as Bangkok.

Russia-controlled Donbas has virtually closed itself off from Ukraine-controlled Donbas,

Russia-controlled Donbas has virtually closed itself off from Ukraine-controlled Donbas, according to figures cited by the Kyiv Post. From 250,000 weekly crossings in January, 2020, the number of weekly crossings fell to less than 1,000 last month. Closures that started last March to contain coronavirus have become permanent. Of seven crossing points, five are closed and two, one for Donetsk and one for Luhansk, work shortened hours, only allowing crossings by people with ‘special permits.’ “Bars are open, clubs are

State Security agents yesterday broke up a ‘shareholders meeting’ in Zaporizhia of Chinese and Ukrainian investors claiming ownership of Motor Sich

State Security agents yesterday broke up a ‘shareholders meeting’ in Zaporizhia of Chinese and Ukrainian investors claiming ownership of Motor Sich, the helicopter and jet engine giant. On Friday, President Zelenskiy came down decisively on the side of the US, placing 3-year sanctions on four Chinese companies close to the Beijing government and on Wang Jing, the head of Skyrizon Aircraft Holdings, the main Chinese investor company.

Two weeks earlier, Wilbur Ross, then US Commerce Secretary, added Skyrizon to a list of companies classified as prohibited military end-users

Two weeks earlier, Wilbur Ross, then US Commerce Secretary, added Skyrizon to a list of companies classified as prohibited military end-users, saying its activities threaten U.S. national security. Ross said: “Skyrizon — a Chinese state-owned company — and its push to acquire and indigenize foreign military technologies pose a significant threat to U.S. national security and foreign policy interests.”

Before sending agents to break down the doors of the meeting,

Before sending agents to break down the doors of the meeting, Ukraine’s State Security agency, or SBU, warned Sunday that it “is documenting the facts of preparation for the destruction of the production facilities of the company.” For three years, the SBU has sought to block the takeover of Motor Sich, noting the China has a military helicopter production contract with Russia, a country that is waging a proxy war against Ukraine.

Ukraine’s “

Ukraine’s “actions are a barbaric robbery and a serious violation of the legal rights and interests of Chinese companies operating abroad, an unprecedented disrespect for the principles and rules of international trade,” Skyrizon warned angrily in a press statement Saturday. “Sanctions against the company are erroneous and stupid actions that can only scare away potential investors from all over the world from Ukraine, finally drive the already dying aviation industry of Ukraine into a desperate situation.”

Skyrizon vowed to proceed with its $3.5 billion suit against Ukraine

Skyrizon vowed to proceed with its $3.5 billion suit against Ukraine. China last year became Ukraine’s large trading partner. Ukraine’s two-trade with China through October was $12 billion. By contrast, Ukraine’s trade with Russia and with Germany was $6 billion. After Washington moved against Skyrizon, China’s Ministry of Commerce said the United States was using “all kinds of excuses” to suppress Chinese companies abroad.

Skyrizon’s Ukraine partner, DCH Group of Oleksandr Yaroslavsky, was more cautious,

Skyrizon’s Ukraine partner, DCH Group of Oleksandr Yaroslavsky, was more cautious, saying yesterday that “leading law firms” had concluded that “the Chinese investors are bona fide buyers and legal owners of the acquired shares in PJSC Motor Sich.” However, the Kharkiv group concluded: “All further actions of DCH will be carried out considering our interest in the development of the Ukrainian aircraft industry and exclusively in the legal field.”

Companies from several NATO countries, including Turkey, have looked at purchasing parts of Motor Sich

Companies from several NATO countries, including Turkey, have looked at purchasing parts of Motor Sich, a conglomerate that employed 21,000 workers a decade ago. When the war broke out between Ukraine and Russia in 2014, Motor Sich lost its biggest customer and has been struggling ever since. Foreign Minister Dmytro Kuleba said Friday: “I do not see any connection between the situation with Motor Sich and the general investment climate in the country.”

IKEA opens its first bricks and mortar store in Ukraine today

IKEA opens its first bricks and mortar store in Ukraine today, at Kyiv’s Blockbuster Mall, the company announces on Instagram. The store will be the first in SE Europe new ‘city format’ – 5,000 square meters, instead of the usual 30,000 square meters. The Swedish furniture retailer has tried to enter Ukraine for the last 15 years. It was blocked first by corruption then by construction delays at Ocean Mall.  Last May, IKEA started an internet store and was immediately