Business news from Ukraine

Business news from Ukraine

STATE-RUN UKRZALIZNYTSIA ENDS 2020 WITH NET LOSS OF UAH 11.9 BLN

JSC Ukrzaliznytsia received UAH 11.9 billion in net loss in 2020 (compared to UAH 2.988 billion in net profit in 2019).
Such data are contained in the consolidated financial statements over 2020, released on the company’s website on Friday, confirmed by the leading international audit company Ernst & Young.
According to the company’s website, the result of Ukrzaliznytsia was significantly influenced by a decrease in income from freight and passenger traffic compared to 2019 by 10.3% and 58.3%, respectively, as well as a significant fluctuation in exchange rate differences, as a result of which a net loss was received from exchange rate differences in the amount of UAH 5.5 billion compared to UAH 4.3 billion of net profit in 2019.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 09/04/21

National bank of Ukraine’s official rates as of 09/04/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF APRIL 07

Official rates of banking metals from national bank as of April 07

One troy ounce=31.10 grams

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PRINCE PHILIP PASSES AWAY

The spouse of Queen Elizabeth II of Great Britain, Prince Philip, has passed away at the age of 99, two months before his 100th birthday, a statement released by Buckingham Palace Friday reads.
“It is with deep sorrow that Her Majesty The Queen announces the death of her beloved husband, His Royal Highness The Prince Philip, Duke of Edinburgh.
His Royal Highness passed away peacefully this morning at Windsor Castle,” the Palace’s statement reads.

DATAGROUP AND CISCO TO INVEST IN MODERNIZATION OF ALL-UKRAINIAN BACKBONE NETWORK

The national operator Datagroup is investing $20 million in a project to modernize the all-Ukrainian backbone network in partnership with the world leader in production of network equipment Cisco (the United States), the company’s press service said.
Datagroup notes that investments in the project will amount to $20 million, and the project itself will help the company bring the quality of services to a higher level.
At the same time, it is specified that the company carried out thorough preparation for a tender and chose the best world equipment manufacturers to participate in it. Based on the results of the tender, Cisco became the project vendor.
“In 2020, the company’s network traffic grew by 35%. We made a decision on a large-scale network modernization, which will allow us to implement our business strategy. It will also lay the foundation for business growth for 10 years: it will allow us to introduce various innovative services and attract new clients in corporate, public and private sectors,” CEO of Datagroup Mykhailo Shelemba said.
The press release says the total length of the Datagroup high-speed data transmission network is more than 22,000 km: these are long-distance DWDM and MPLS networks, and urban MPLS backbone networks in the major cities of the provider’s presence. The modernization will apply to all levels of the network and will significantly increase its throughput.
Datagroup was founded in 2000. It is one of the largest B2B operators in Ukraine, provides services in more than 90 settlements of the country.
The company provides Internet connection, telephony, television and video surveillance services, as well as a cloud service from Microsoft and a range of cybersecurity services – DataProtect.
Data Group in 2019 increased its net profit by 6.97 times compared to 2018, to UAH 141.764 million.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 08/04/21

National bank of Ukraine’s official rates as of 08/04/21

Source: National Bank of Ukraine