UKRAINE CAN STIMULATE ARRIVAL OF LOW-COST AIRLINES TO COUNTRY

Ukraine’s Infrastructure Ministry is working on a program to stimulate the arrival of low-cost airlines to the country, foreseeing the provision of benefits to them, Minister Volodymyr Omelyan has said. “We’re working on a program to additionally pay to low-cost airlines, or to provide them with benefits,” he said at a meeting with members of…

UKRAINE: JOINT AIR SPACE AGREEMENT WITH EU COULD BE SIGNED IN JULY – OMELIAN

An agreement on a joint air space between the EU and Ukraine could be signed in July 2016, Ukraine’s Minister of Infrastructure Volodymyr Omelian has said. “We have a serious issue of signing the agreement with the EU. We’ve got a new date from Brussels – July 2016. This is the last date I believe…

UKRAINE: BORYSPIL AIRPORT DENIES VIOLATING COMPETITION RULES BY LEASING SPACE

State-run enterprise Boryspil International Airport (Kyiv) has denied information provided by Ukraine’s Antimonopoly Committee (UAC)that it prevents competition. The company does not acknowledge the fine imposed on Boryspil airport, the press service of the airport has told Interfax-Ukraine. The Antimonopoly Committee imposed a UAH 68,000 fine on the airport. According to the press service, the…

UKRAINIAN SEA PORT AUTHORITY: STATE-RUN STEVEDORING COMPANIES SHOULD BE PRIVATIZED, PAY LESS TO BUDGET

A requirement to obligatorily send 75% of profit by state-run enterprises to the national budget would result in a shortage of some UAH 2 billion at Ukrainian Sea Port Authority for capital investment, Deputy Head of Sea Port Authority Viacheslav Voronoi said at the Ukrainian Infrastructure Forum in Kyiv last week. He said that state-run…

UKRAINE: STATE-RUN STEVEDORING COMPANIES SHOULD BE PRIVATIZED, PAY LESS TO BUDGET

A requirement to obligatorily send 75% of profit by state-run enterprises to the national budget would result in a shortage of some UAH 2 billion at Ukrainian Sea Port Authority for capital investment, Deputy Head of Sea Port Authority Viacheslav Voronoi said at the Ukrainian Infrastructure Forum in Kyiv last week. He said that state-run…

UKRAINE CAN STIMULATE ARRIVAL OF LOW-COST AIRLINES TO COUNTRY

Ukraine’s Infrastructure Ministry is working on a program to stimulate the arrival of low-cost airlines to the country, foreseeing the provision of benefits to them, Minister Volodymyr Omelyan has said. “We’re working on a program to additionally pay to low-cost airlines, or to provide them with benefits,” he said at a meeting with members of…

RUSSIA: TRANSCONTAINER REPORTS ITS FINANCIAL RESULTS UNDER RUSSIAN ACCOUNTING STANDARDS FOR QI’2016

TransContainer says its net profit increased 1.8% year-on-year to RUB 527 million. If compared with 4th quarter of 2015 the net profit was up by 41.2%. The net profit margin increased from 10.1% in the 1st quarter of 2015 to 11.5% in the reporting period. The total revenue of the Company from January to March…

SINGAPORE TO ADVISE UKRAINE DEVELOPING PORT BUSINESS

Experts from Singapore will come to Ukraine to share their experience of efficient port business development. This agreement was achieved at a meeting of Infrastructure Minister Volodymyr Omelyan and Ambassador of the Republic of Singapore to Ukraine Simon Tensing De Cruz, the ministry’s press service reports. “Taking into account Singapore’s world experience of developing port…