Business news from Ukraine

Business news from Ukraine

Ukrainians opened 2.5 thousand deposits with purchase of dollars at official rate of NBU

Since October 21, Ukrainians have opened 2.5 thousand deposits with the purchase of dollars at the official rate of the National Bank of Ukraine (NBU) for a period of 6 months, followed by the mandatory sale also at the official rate, the NBU press service reported on Friday.
According to the release, the average deposit amount is $3.6 thousand, and the total amount attracted as of November 1 on such deposits amounted to $9 million.
“The NBU does not have targets for attracting such deposits by banks. Our goal is to stabilize and improve exchange rate expectations, reduce pressure on the hryvnia cash exchange rate and protect international reserves,” the press service of the head of the monetary policy department of the department of monetary policy and economic analysis of the National Bank Mikhail Rebrika.
As reported, since October 21, the NBU, in cooperation with banks, has allowed individuals to buy US dollars at the official NBU rate, followed by their placement on a fixed-term deposit in a bank and the mandatory resale of the purchased currency upon the expiration of the deposit at the official rate.
According to the report, the amount and number of such deposits for one client of the bank are not limited, and the interest rate on the deposit will be set in accordance with the interest rate policy of banks, the deposit term is from six months with the possibility of prolongation, but without the right of early termination.
Earlier, from July 21, the National Bank allowed the purchase of non-cash currency at commercial rates to place it on deposit for at least three months, but without the obligation to sell such currency upon completion of the deposit. At the same time, the volume of such deposits was initially limited to UAH 50,000, and recently the ceiling was raised to UAH 100,000 per month.

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Ukraine has harvested 53.1 million tons of crops of major crops

By November 4, Ukrainian farmers harvested 53.11 million tons of main agricultural crops from a total area of ​​15.13 million hectares, while for the period October 28 – November 4, they collected 4.3 million tons from 2 million hectares, according to the website of the Ministry of Agrarian Policy and food on Friday.
The report states that in a week the total area of ​​farmland from which the crop was harvested increased by 2% – up to 72% of the previously planned area.
In terms of crops, the harvesting of wheat, barley, peas and rapeseed has been completed. Millet harvested from 95% (no change for the week), buckwheat – from 95% (+2 percentage points), sunflower – from 87% (+7 p.p.), soybeans – from 85% (+13 p.p. ), sugar beet – from 73% (+14 p.p.), corn – from 27% (+7 p.p.)
According to the Ministry of Agrarian Policy, the final harvest of wheat this season amounted to 19.2 million tons from 4.7 million hectares, barley – 5.5 million tons from 1.6 million hectares, rapeseed – 3.1 million tons from 1.96 million hectares. , peas – 261 thousand tons from 111.5 thousand hectares.
In addition, by November 4, a total of 9 million tons of sunflower (+0.8 million tons per week) were harvested from 4.1 million hectares (+0.4 million hectares), 6.4 million tons of sugar beet (+1.2 million tons) from 105 thousand hectares (+26.4 thousand hectares), 6.3 million tons of corn (+1.8 million tons) from 1.1 million hectares (+268 thousand hectares), 3.1 million tons soybeans (+0.5 million tons) from 1.3 million hectares (+0.2 million hectares), 151 thousand tons of buckwheat (+2 thousand tons) from 111 thousand hectares (+2 thousand hectares), as well as 98 thousand tons of millet (+0.5 thousand tons) from 42.6 thousand hectares (+0.6 thousand hectares).
According to the ministry, the average yield for all crops in the current season was 40.7 centners per hectare, including corn – 55.4 centners per hectare, wheat – 41.2 centners per hectare, barley – 35.1 centners per hectare, rape – 28.9 c/ha, soybeans – 23.9 c/ha, peas – 23.4 c/ha, millet – 23.1 c/ha, sunflower – 22.0 c/ha, buckwheat – 13.6 centner/ha, sugar beet – 488 centner/ha.
As reported, in 2021 Ukraine harvested a record harvest of grains, legumes and oilseeds in the amount of 106 million tons: grains and legumes – UAH 84 million, oilseeds – 22.6 million tons.
In general, 32.4 million tons of wheat, 40 million tons of corn, 10 million tons of barley, 581.5 thousand tons of peas, 191 thousand tons of millet, 110 thousand tons of buckwheat were harvested last year. Sunflower harvest amounted to 16.3 million tons, soybeans – 3.4 million tons, rapeseed – 2.9 million tons.

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lifecell increased income by 9.8% and profit by 2.2 times

In July-September 2022, the mobile operator Lifecell LLC (lifecell) increased its revenue by 9.8% – up to UAH 2 billion 370.9 million compared to UAH 2,159.2 million for the same period in 2021.
According to a statement on the website of its parent company Turkcell, the net profit of Lifecell LLC for the specified period amounted to UAH 381.6 million, which is 2.2 times more than in July-September 2020 (UAH 173.8 million). EBITDA increased by 15.8% to UAH 1 billion 417.6 million, the EBITDA margin was 59.8% (for the same period in 2021, this figure was 56.7%).
The active three-month subscriber base of lifecell in the third quarter decreased by 7.9% – to 8.2 million subscribers. At the same time, the total number of users grew by 2%, to 10.1 million subscribers.
The company’s active three-month ARPU in the third quarter of 2022 increased by 14.9% and amounted to UAH 95.4 compared to last year’s figure of UAH 83.
Lifecell’s capital investments in July-September 2022 decreased by 10.4% – to UAH 639.6 million compared to UAH 713.7 million for the same period in 2021.
According to the report, as of September 30, 2022, the network and other equipment of the company in the regions of Ukraine occupied by Russia due to hostilities and territories controlled by Ukraine, which has not been working for more than 92 days, is out of order. “As of September 30, 2022, the amount of impairment recognized in the condensed consolidated financial statements is TL 231,472 (UAH 458,000 – IF),” Turkcell said in a statement.
As reported, according to the results of 2021, lifecell received a net profit of UAH 610.9 million, which is 4.24 times less than in 2020, while the operator’s income in 2021 increased by 24.1% to UAH 8.483 billion . The total number of subscribers of the operator at the end of 2021 amounted to 10.1 million.
lifecell is the third largest mobile operator in Ukraine. Turkcell (Turkey) owns 100% shares of Lifecell LLC.

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Zelensky said he would not go to the G-20 summit if Putin came there

President of Ukraine Volodymyr Zelensky said that the issue of his participation in the G-20 summit in Indonesia would be resolved in a few days.

“My personal position and the position of Ukraine was that if the leader of the Russian Federation takes part in the summit, Ukraine will not,” he said at a press conference in Kyiv on Thursday after meeting with Greek President Katerina Sakellaropoulou.

“Let’s see how it will be in the future. Today I had a conversation with the President of Indonesia. We keep in touch. In any case, we were invited today. Let’s see. A few days left,” Zelensky said.

The G20 summit will be held in Indonesia on November 15-16.

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Microsoft to provide $100 million in technology assistance to Ukraine

Microsoft will provide Ukraine’s critical infrastructure and other state-important sectors with $100 million in technological assistance by the end of 2023, Microsoft Vice President Brad Smith said during a meeting with Deputy Prime Minister Mikhail Fedorov on Thursday.

“Thanks to technical assistance, government agencies, critical infrastructure and other sectors in Ukraine will continue to use digital infrastructure for free and work in the Microsoft cloud. The company will also help with the curation and implementation of Ukraine’s digital sectors, such as cyber, litigation, customs, medicine and education,” according to the message of the Ministry of Digital Development in the Telegram channel.

Fedorov noted that Microsoft was one of the first companies to suspend all new sales of products and services in Russia in early March.

“During this time, Ukraine has received more than $400 million in support. In addition to free services, Microsoft supports Ukraine in the field of cyber, donates humanitarian aid and cooperates with the Ukrainian government to document the war crimes of the Russian invaders,” the Deputy Prime Minister said.

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