The Cabinet of Ministers of Ukraine has approved a list of 402 investment programs and regional development projects that will be financed from the State Regional Development Fund in 2020.
“We have taken another step to launch the Big Construction project as early as March 1. We approved a list of programs and projects funded by the State Regional Development Fund. These are 402 projects, 206 of which are facilities of the Big Construction program,” Ukrainian Prime Minister Oleksiy Honcharuk said on his Telegram channel on Wednesday.
Thus, UAH 5.2 billion out of UAH 7.5 billion envisaged by the State Regional Development Fund in 2020 was allocated to regional development projects.
In addition, the procedure for using funds for the construction and reconstruction of the Zaporizhia Bridge, the Odesa-Melitopol-Novoazovsk highway on the Odesa-Mykolaiv-Kherson section and the Kyiv-Sumy-Kharkiv highway within the borders of Chernihiv and Sumy regions was approved, the prime minister added.
PJSC Ukrtelecom cut its net income by 1.4%, to UAH 6.357 billion in 2019, the company’s CEO Yuriy Kurmaz said at a press conference in Kyiv.
According to him, the revenue is expected at the level of 2019 amounting to about half a million hryvnia, but this figure will be announced only after the financial audit of the company.
At the same time, EBITDA increased by 9.4%, to UAH 1.766 million, EBITDA margin – by 2.8 percentage points (p.p.), to 27.8% compared to 2018.
The company’s capital investments grew by 14.6%, to UAH 692 million.
In the total amount of income, revenues from telecoms services amounted to UAH 5.288 billion (a decrease of 4.1% from 2018), while total revenues from providing Internet access and data transmission services continue growing – by 6.2%, to UAH 1.949 billion, revenues from telephony continue declining – by 9.1%, to UAH 2.56 billion.
In 2019, Ukrtelecom served 2.3 million fixed-line subscribers, 1.04 million Internet access subscribers, and 78,000 television subscribers in the B2C segment. Revenues from telephony in this segment decreased by 10.9%, to UAH 1.865 billion, those from Internet access services grew by 6.2%, to UAH 1.372 billion.
According to the results of 2019, the operator in the B2B segment serviced 790,000 fixed-line telephony subscribers with an average revenue per user (ARPU) of UAH 70 without VAT (UAH 68 in 2018), and 150,000 subscribers of the Internet access service with an average ARPU of UAH 198 (UAH 175 in 2018).
National bank of Ukraine’s official rates as of 27/02/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of February 27
One troy ounce=31.10 grams
JSC Ukrposhta has resumed accepting all types of export shipments to China from February 26, the company has reported on its website.
“This was possible with the help of the People’s Republic of China Embassy Delegation to Ukraine,” the company reported.
According to Ukrposhta, today, there are no bans on the part of the National Post of China on receiving parcels.
Thus, the import shipments from China continue to be delivered to Ukraine. However, due to a significant reduction in flights by most airlines, the transit terms for mail to Ukraine may be increased.
Ukraine has increased exports of IT services in 2019 by 30.2%, to $4.17 billion, according to a posting on the website of the IT Ukraine association, referring to data of Ukraine’s balance of payment.
“The export of computer services in 2019 increased 30.2% compared to the previous year and amounted to $4.17 billion. Accordingly, the amount of taxes and duties paid to the national budget of Ukraine increased by 28% and amounts to UAH 16.7 billion (an increase of 28.5%),” the association said.
The IT Ukraine association said that, in fact, taxes on the export of IT services for 2019 can cover a third (32%) of the national budget of Ukraine for education for the specified year.
“IT export grows by 20-25% annually. To maintain the current growth rate amid fierce global competition for talents, first of all, we need a balanced government approach to reviewing existing tax models and developing IT education,” Executive Director of IT Ukraine Association Kostiantyn Vasiuk said.
According to IT Ukraine, the growth factor of Ukrainian IT exports is, first of all, the high demand of the global market for IT solutions and the preservation of the contract model in the interaction between companies and IT specialists.
The IT Ukraine Association was founded in 2004. The association includes export IT companies that develop software and products with a total staff of more than 160,000 employees, which together account for 50% of the industry’s total revenue in Ukraine.
The IT Ukraine Association is the silver sponsor of the Ukraine House.
