Business news from Ukraine

Business news from Ukraine

MOBILE COMMUNICATIONS OPERATOR KYIVSTAR UPDATES UNLIM TARIFFS

Mobile communications operator Kyivstar is updating the prepaid tariffs Communication Unlim, Fun Unlim and Video Unlim, doubling the number of megabytes of Internet and minutes for calls to other networks.
The press service of the company said on Tuesday, in particular, in the tariff Communication Unlim subscribers will receive 60 minutes for calls to other networks and abroad, and 6,000 MB of mobile Internet (earlier this tariff included 30 minutes to other networks and 3,000 MB of the Internet). For those who do not need mobile Internet, the tariff has the No megabytes option.
The Fund Unlim tariff now includes 120 minutes for calls to other networks and abroad, 12,000 MB of mobile Internet and even more unlimited applications for entertainment.
For subscribers who choose the Video Unlim tariff, Kyivstar now gives 180 minutes for calls to other networks and abroad, and 18,000 MB of mobile Internet. All tariffs also include a free subscription to the Doctor online telemedicine application.
The operator said that all prepaid subscribers who will switch to one of the specified tariffs from September 1 can use the new conditions. This can be done, including by subscribers with the previous Unlim tariffs.
Since the beginning of 2020, Kyivstar has connected more than 6,000 settlements to high-speed mobile Internet. The operator plans to provide 90% of the Ukrainian population before July 2022 with access to 4G networks.

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WIZZ АIR LAUNCHES ADDITIONAL FLIGHTS FROM UKRAINE

Hungarian low-cost airline Wizz Air launches two new routes – from Lviv and Kyiv to Pardubice (the Czech Republic).
The press service of the airline reported on Tuesday that the Lviv-Pardubice flight will be operated from September 1 on Tuesdays and Saturdays. Flight Kyiv-Pardubice will be serviced from September 3 on Thursdays and Saturdays.
The cost of a one-way ticket without luggage starts from UAH 289 (CZK 269).
Wizz Air began operations in Ukraine in 2008 and has since transported more than 11 million passengers to/from Ukrainian airports.
Wizz Air currently offers passengers 86 destinations in 17 countries from five Ukrainian airports.

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UKRAINE APPROVES DRAFT AGREEMENT WITH SINGAPORE AND ICELAND ON AIR TRAFFIC

The Cabinet of Ministers of Ukraine has approved a draft intergovernmental agreement with the Republic of Singapore and Iceland on air traffic.
According to the relevant government decrees, the Cabinet of Ministers authorized Chairman of the State Aviation Administration of Ukraine Oleksandr Bilchuk to sign the relevant agreement.
According to the explanatory documents, this decree is provided by the need to conclude intergovernmental agreements on air services with these countries, which makes it possible to create a contractual legal framework necessary for the implementation of regular air traffic between these countries and Ukraine. This will intensify bilateral cultural ties, as well as economic relations between the countries, the government authorities said in the documents.
The agreement will determine the procedure for regulating international flights, the procedure for appointing airlines on the routes, provides for the mutual recognition of crew member certificates and others.

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UKRAINE INTENDS TO ATTRACT $100 MLN LOAN FROM IBRD

The Cabinet of Ministers intends to attract a $100 million loan from the International Bank for Reconstruction and Development (IBRD) for the Eastern Ukraine: Reconnect Recover Revitalize (3R) Project.

In addition, the Cabinet of Ministers approved the composition of the delegation to participate in negotiations with the IBRD.

According to the draft resolution, the loan is planned to be attracted for a period of 27 years with a grace period of 12 years with a floating rate of LIBOR plus a variable spread.

According to the data on the website of the Ministry for Reintegration of the Temporary Occupied Territories, the project envisages investments in the resumption of agriculture through the implementation of private agricultural sub-projects aimed at overcoming the consequences of the armed aggression of the Russian Federation on the territory of Luhansk region controlled by the government of Ukraine.

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DEFICIT OF UKRAINE’S BALANCE OF PAYMENT IN JULY TOTALS $88 MLN

The deficit of Ukraine’s consolidated balance of payments in July 2020 was $88 million, while in the same period last year the surplus was $1.3 billion, according to preliminary data published by the National Bank of Ukraine (NBU).
According to them, the surplus of the current account of the balance of payments in July 2020 amounted to $360 million, while in July 2019 there was a deficit in the amount of $1 billion.
The volume of exports of goods in July 2020 decreased by 15.9% (in June 2020 by 6.7%), to $ 3.3 billion. The corresponding dynamics was due to a decrease in exports of ferrous and non-ferrous metals by 23.3% (by 18.7%), food products by 16.1% (5%), engineering products by 11.2% (by 4.7%), as well as export of mineral products by 21.4%, which in June grew by 3.6%.
At the same time, in July, export of chemical products increased by 25.7% (in June 2020 by 18.7%), in particular export of fertilizers by 7.5 times (2.3 times). In addition, export of industrial products rose by 7.3% (by 6.7%), and timber and wood products by 2.3% (by 3.9%).
For the seven months of 2020, exports to Asian countries in nominal terms grew (by $ 1.3 billion, or 15.3%), while exports to the EU, Africa and the Russian Federation decreased by $ 2 billion (19.4%), $ 414 million (14.3%) and $ 253 million (16.5%) respectively. Thus, the share of exports to Asian countries increased to 39.4% (from 31.6% in the same period of 2019) in total exports, and to the EU, Africa and Russia decreased to 33.1% (from 38%), 10.1% (from 10.9%) and to 5.2% (from 5.8%) respectively.
In July 2020, imports of goods continued to decline significantly, by 21.6% (in June by 16.9%), to $ 4.3 billion, in particular energy imports decreased by 1.8 times (in June halved), and non-energy by 15.5% (6.9%).
In the second month of summer, in particular, imports of ferrous and non-ferrous metals decreased by 20.4% (a month earlier by 10.9%), mechanical engineering products by 16.7% (by 6.6%), chemical products by 5.4% (by 4.5%), timber by 5.2% (by 10.8%), and import of industrial products decreased by 16.3%, while in June it increased by 3.2%.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF SEPTEMBER 02

Official rates of banking metals from national bank as of September 02

One troy ounce=31.10 grams

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