Business news from Ukraine

Business news from Ukraine

UBER SHUTTLE LAUNCHES EXTRA ROUTES

Uber has launched Uber Shuttle routes from Vyshneve and Bucha to Kyiv, the company’s press service has reported.
The routes from Vyshneve to Zhytomyrska metro station and vice versa, as well as from Bucha to Akademmistechko metro station and vice versa are available from 07:00 to 21:00 on weekdays.
“Each shuttle ride will have a fixed cost depending on the distance in kilometers: approximately UAH 25 from Vyshneve to Zhytomyrska and UAH 30 on the route from Bucha to Akademmistechko.
“By analyzing the data of Uber Movement, a service that helps solve transport problems, over the past few months we have seen that the suburbs of the Ukrainian capital continue to actively develop, and that the number of people who travel to Kyiv from there is constantly growing. That’s why we decided to expand our network of Uber Shuttle routes to Vyshneve and Bucha,” head of Uber development in Central and Eastern Europe Heorhiy Sokoliansky said.
Uber also launched a new application for Android users, especially for the Uber Shuttle service in Kyiv. This application allows users to view the available shuttle routes, select the desired landing time and reserve a seat for one or more people. The Uber Shuttle application’s users can also go to Google Maps, where a route will be shown to the stop at which the shuttle arrives.

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STATE-RUN UKRPOSHTA PLANS TO ATTRACT EUR 100 MLN FOR CONSTRUCTION OF NEW SORTING CENTERS

JSC Ukrposhta plans to attract a loan of EUR100 million for the construction of new sorting centers.
“We are now waiting for the finalization of a loan in the amount of EUR100 million over the next two or four months. These funds will be used to design new terminals and launch mobile branches,” Igor Smelyansky, the director general of the company, said at a meeting with reporters in Kyiv.
The company later told Interfax-Ukraine the funds raised are to be spent on the design and construction of three or four terminals, as well as on automation of about 30 depots.
According to him, the funds will be raised on market conditions, international financial organizations will become donors.
As reported, Ukrposhta plans to launch mobile branches in five regions in 2020, and plans to reach more than UAH 1 billion in profit by 2024.

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FC SHAKHTAR BEATS GERMAN WOLFSBURG

Donetsk Shakhtar FC has beaten German Wolfsburg with a score 2:1 away in the first match of the 1/8 finals of the UEFA Europa League. The match was held without spectators in connection with the epidemic of COVID-19 coronavirus in the world.
In the 17th minute, the score was opened by forward of the national team of Ukraine Junior Moraes. Five minutes later, the national team of Ukraine was able to follow up on their success, but Viktor Kovalenko did not convert a penalty. At the very end of the first half, the penalty was not converted by forward of Wolfsburg, Waut Weghorst.
In the debut of the second half, defender of the German team John Brooks equalized the score. And in the 73rd minute, Brazilian midfielder Marcos Antonio again brought the guests ahead and eventually brought Shakhtar a victory.
The return match, according to the competition calendar, was supposed to be held in Kharkiv on March 19, but its holding, like the rest of the matches of European football tournaments, is now up in the air because of the situation with COVID-19 coronavirus.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MARCH 13

Official rates of banking metals from national bank as of March 13

One troy ounce=31.10 grams

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FRANCE ALLOCATES TO UKROBORONPROM EUR 900,000 TECHNICAL ASSISTANCE

The French government has allocated technical assistance to the Ukrainian state concern Ukroboronprom in the amount of about EUR 900,000 Aivaras Abromavičius, director general of the state concern, has said.
“This is a sign of confidence in Ukraine, it is a sign of confidence in the changes that are taking place now in the Ukroboronprom concern … This is an amount close to EUR 900,000, one of the largest amounts that the French government has allocated to Ukraine,” he said at a briefing in Kyiv on Wednesday.
According to Abromavičius, this assistance will be used to fight corruption and raise corporate governance standards.
“France’s technical assistance will be directed in two main areas. This is, firstly, the anti-corruption area, and secondly, the improvement of corporate governance standards. In the area of anti-corruption policy, we plan to carry out a comprehensive criminalistics, so-called forensic, audit on some processes, contracts, which, unfortunately, the financial audit does not have the opportunity to reach,” he said.
He said that the forensic audit reveals hidden schemes and frauds that look like legitimate transactions, but are actually fraudulent, and there have been a lot historically in the concern.
Abromavičius stressed that the allocated funds would help build the best corporate governance standards in Ukroboronprom, according to Western standards.
“Within the project, we plan to develop new principles of corporate governance both at enterprises and at the concern itself. This is a large-scale project that requires time, which requires not only our efforts, but, as I said, the support of international partners. Branches of government will be involved, as well as Ukroboronprom partners themselves,” he added.
Abromavičius said that the French Embassy in Ukraine would choose a consultant company from the Big Four, and it will help find the best model for organizing a business.
“That is, we are starting to build a modern company,” he stressed.
According to Abromavičius, the forensic audit process should take four months.
“But, unfortunately, this information will be more for the leadership of the country, for the leadership of Ukroboronprom and for law enforcement agencies,” he said.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 13/03/20

National bank of Ukraine’s official rates as of 13/03/20

Source: National Bank of Ukraine