Business news from Ukraine

Business news from Ukraine

UKRAINE EXPORTS 19 MLN TONNES OF GRAIN SINCE EARLY 2021/22 MY

Ukraine since the beginning of the 2021/2022 marketing year (MY, July-June) and as of October 29, exported 19.05 million tonnes of grain and leguminous crops, which is 19.3% more than the indicators for the same date of the previous year.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, 12.18 million tonnes of wheat have been exported (17.9% more compared to the same date 2020/2021 MY). Taking into account the restrictions on its export at the level of 25.3 million tonnes, introduced on October 19 by the Ministry of Agrarian Policy and Food, Ukrainian exporters can supply another 13.12 million tonnes of wheat to foreign markets (51.9% of the established limit).
In addition, during the specified period, Ukraine exported 4.36 million tonnes of barley (29.7% more than at the same date in 2020/2021 MY), 2.26 million tonnes of corn (1.8% more) and 42,900 tonnes of flour (30.5% less).
As of the indicated date, 55,000 tonnes of rye were also exported, which is 32 times more than the indicators of the last year.

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UKRAINIAN ONLINE CINEMA SWEET.TV: OTT SERVICES SHOULD INCREASE AVERAGE CHECK TO PRODUCE OWN CONTENT

The Ukrainian online cinema SWEET.TV considers it necessary to increase the average bill for using OTT services in order to create the possibility of producing its own content.

As Director of SWEET.TV Oleksandr Rezunov said in an interview with Interfax-Ukraine, the cost of an average tariff plan for OTT service in Ukraine today is within UAH 100 (about $3.5). This price includes royalties for broadcasting TV channels and films.

“In order to be able to generate their own content, Ukrainian platforms should increase their average check. Then they can afford to create original content for their money. Netflix, which does not have TV channels, costs $10. The high check helped the platform create a lot of original content, for which you do not need pay monthly royalties,” he said.

Netflix is also monetizing its content globally, Rezunov said. Meanwhile, Ukrainian producers can only rely on the territory of their country, since for the majority today it is a great success to sell content abroad.

“To summarize: the market should mature and emerge. Accordingly, if the market for pay TV and paid services is formed, more people will start paying, there will be less piracy, and the average check will grow. Then platforms will be able to afford to buy and produce their own content,” the director of SWEET.TV said.

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STATISTICS ON COVID-19 INCIDENCE GIVES NO REASON TO HOPE UKRAINE WILL REMAIN IN GREEN ZONE FOR EU

The statistics on COVID-19 incidence gives no reason to hope that Ukraine will remain in the green zone for the European Union, Head of the Parliament Committee on Public Health, Medical Assistance and Medical Insurance Mykhailo Radutsky says.
“Ukraine is already in the red zone for the United States and Switzerland. The EU has given a delay of one week, most likely the EU will place us in the red zone. Unfortunately, statistics does not give us hope that we will remain in the green zone,” he said on the sidelines of Savik Shuster’s Freedom of Speech (Svoboda Slova) talk show on Friday night.
“We will wait for the next meeting of the European Commission,” Radutsky said.

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VITALI KLITSCHKO: LOCKDOWN IN KIEV TO BE IN EFFECT FOR UNVACCINATED PEOPLE

Introduced from November 1, the lockdown in Kyiv will be valid for the unvaccinated, mayor of the city Vitali Klitschko has said.
“From November 1, the Ukrainian capital is included in the ‘red zone’ […] We are counting on clear interaction with the police. To monitor compliance with the key rules: both for travel in transport and for visiting various establishments. I want to emphasize once again that today the lockdown in Kyiv will be valid for those people who are not vaccinated,” the press service of Klitschko quotes his words, said on the air of the Freedom of Speech program with Savik Shuster on the Ukraine TV channel on Friday.
According to him, there is very disappointing statistics in Kyiv – 40-50 people died every day over the past week. Statistics will be released on Saturday that 54 people have died over the past day. “The situation is very difficult. And we are doing everything possible to help doctors from the capital’s budget, motivating them. We buy oxygen. As of today, we have no problems with provision to hospitals,” Klitschko said.
At the same time, he noted that the Ukrainian capital today is the leader in vaccination among other Ukrainian cities and regions. In total, since the beginning of the vaccination campaign in the Ukrainian capital, about 2.200 million vaccinations have been carried out.

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MOBILE OPERATOR KYIVSTAR RECEIVES AUTHORIZED MICROSOFT LSP STATUS

The mobile operator Kyivstar has received a partnership format extended to the level of Licensing Solution Provider (LSP), which gives the right to work with cloud solutions from Microsoft in the market of large enterprises and the public sector – to supply licensed products under corporate agreements and provide them with appropriate technical support.
As noted in a statement of the operator on Friday, earlier Kyivstar had a Cloud Services Provider (CSP) authorization, with which the company could sell online services and software licenses on a subscription basis, as well as perpetual licenses for local software.
The LSP status substantially complements these capabilities and allows Kyivstar to supply Microsoft products to the Ukrainian market under the Enterprise Agreement (EA) and Enterprise Agreement Subscription (EAS) corporate licensing programs.
“For more than five years, Kyivstar has been developing the direction of selling cloud products for the company’s business clients […] The LSP status that we have received is granted to the largest and most reliable Microsoft partners who have confirmed their professionalism in working with cloud products of the world-famous corporation. It enables Kyivstar to create unique offers for business based on the needs of specific clients,” Ilya Polshakov, Director of New Business Development at Kyivstar, is quoted in the message.
The company notes that the combination of Kyivstar’s CSP and LSP capabilities enables the operator to provide business customers with: an expanded set of Microsoft licensed solutions; new opportunities for the development of hybrid solutions; access to licensing agreements that take into account the needs of companies of different tiers; the ability to negotiate non-standard conditions with Microsoft, as well as the expertise and assistance of qualified specialists in selecting the optimal licensing strategy for the needs of a particular business.
Kyivstar is the largest Ukrainian telecommunications operator. It provides communication and data transmission services based on a wide range of mobile and fixed technologies, including 3G. By the end of 2018, its services were used by about 26.4 million mobile subscribers and about 900,000 fixed Internet customers.
The shareholder of Kyivstar is the international group VEON (formerly VimpelCom Ltd.). The group’s shares are listed on the NASDAQ (New York) stock exchange.

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UKRAINIAN INSURANCE GROUP INCREASES COLLECTION OF NET PREMIUMS

PrJSC Ukrainian Insurance Group (Kyiv) in January-September 2021 collected UAH 1.072 billion in net premiums, which is 8% more than in the same period in 2020.
According to the company’s report, posted in the information disclosure system of the National Securities and Stock Market Commission, its gross premiums for this period increased by 22.3% – to UAH 1.673 billion. Some UAH 620.292 million (more by 73.4%) was transferred to reinsurance.
For the nine months the company paid out UAH 451.034 million, which is 1.2% more than in the same period a year earlier.
Administrative expenses of the company amounted to UAH 75.370 million (more by 23%), sales expenses – UAH 491.644 million (more by 16.6%)
The pretax financial result amounted to UAH 60.896 million, which is almost three times less than in the nine months of 2020. Net profit amounted to UAH 7.861 million against UAH 105.932 million profit for the same period a year earlier.
Ukrainian Insurance Group is a company with 100% foreign capital. It has been working in the Ukrainian conventional insurance market since 2000. It is part of one of the world’s largest insurance groups, the market leader in Central and Eastern Europe – Vienna Insurance.

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