Business news from Ukraine

Business news from Ukraine

MAIN TRADE PARTNERS OF UKRAINE IN % FROM TOTAL VOLUME (EXPORT FROM UKRAINE TO OTHER COUNTRIES) IN JAN-SEPT OF 2020

Main trade partners of Ukraine in % from total volume (export from Ukraine to other countries) in Jan-Sept of 2020.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 28/12/20

National bank of Ukraine’s official rates as of 28/12/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF DECEMBER 29

Official rates of banking metals from national bank as of December 29

One troy ounce=31.10 grams

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FOREIGN TRADE TURNOVER BY THE MOST IMPORTANT POSITIONS IN JAN-SEPT 2020 (IMPORT)

Foreign trade turnover by the most important positions in Jan-Sept 2020 (import).

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KYIVSTAR GETS STATUS OF MICROSOFT GOLD PARTNER

The Kyivstar mobile operator has received the Microsoft Gold Certified Partner status under the Microsoft partnership program in four competencies, the company has said.
According to the press release, in order to obtain the Microsoft Gold Certified Partner status, Kyivstar’s cloud services development and implementation specialists have passed exams, passed certification and confirmed the following competencies: Cloud Productivity, Data Platform, Small and Midmarket Cloud Solutions, Windows and Devices.
“The evolution of Kyivstar from a traditional mobile operator into a provider of integrated technological convergent solutions, in particular in the field of big data processing, artificial intelligence and cloud technologies, is not only our advantage, but also a strategic aspiration. Each implemented project or such achievement as the Microsoft Certified Partner status, helps us prove our expertise and remain a reliable partner for business,” Illia Polshakov, the director of new business development at Kyivstar, said.
The Microsoft Gold Certified Partner status provides the mobile operator with a number of advantages, including flexible and quick access to innovative Microsoft materials, information about developments, solutions and products, training programs, as well as access to technical and consulting support, the company emphasizes.
“The acquisition of Gold level competencies by Kyivstar demonstrates the necessary knowledge, relevant experience and certification of specialists in specific areas of Microsoft solutions. Together we provide Ukrainian business not only with innovative services and products, but also accelerate the process of digital transformation of our customers, create opportunities for building a more successful, profitable and competitive business,” Daniil Biktimirov, Microsoft Partner Development Manager in Central and Eastern Europe, said.
The operator said that in general Kyivstar has ten silver and gold competencies, which were received by 20 specialists of the operator.

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PROFIT OF UKRAINE’S BANKING SYSTEM FALLS IN NOV

In November 2020, solvent banks of Ukraine saw UAH 3.54 billion of net profit, which is two
50% less year-over-year (UAH 7 billion), according to data published on the website of the National Bank of Ukraine (NBU).
According to the data, in January-November 2020, the banks’ net profit decreased by 28.6% year-over-year, to UAH 43.37 billion.
Banks’ incomes for 11 months increased by 3.3% year-over-year, to UAH 229.25 billion, including the result from revaluation and from sales and purchases grew by 1.4 times year-over-year (to UAH 22.5 billion), fee and commission income by 12.3% year-over-year (to UAH 62.97 billion), while interest income fell by 3.7% year-over-year (to UAH 135.49 billion).
At the same time, the banking system’s expenses for the specified reporting period amounted to UAH 186.13 billion, which is 14.1% more than in the same period in 2019. The increase in expenses was due to an increase in amounts sent to reserves (2.9 times more year-over-year), reaching UAH 25.08 billion. In addition, banks’ fee and commission expenses grew by 1.5 times, to UAH 21.57 billion, while interest expenses decreased by 13.7%, to UAH 58.46 billion.

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