Business news from Ukraine

Business news from Ukraine

KYIVSTAR SWITCHES TO 4G AT 900 MHZ BAND IN 132 SETTLEMENTS IN SEPTEMBER

The mobile network operator Kyivstar in September activated 4G technology at 75 base stations, as a result, 83,000 more Ukrainian residents in 132 settlements are able to access the company’s high-speed mobile Internet.
The press service of the operator reported on Monday that in particular, the technology was activated in the following settlements: Verkhniy Luzhok, Yasenytsia-Zamkova, Khatky (Lviv region), Tochylove, Novoheorgiyivka, Topaly (Odesa region), Shevchenkove, Kiyliv, Somkova Dolyna (Kyiv region), Liubar, Stryzhivka, Ivankivtsi (Zhytomyr region).
The company said that in the second quarter of 2021, Kyivstar invested about UAH 1.5 billion in the development of new communication technologies, which made it possible to significantly expand the territory of the 4G network. Due to this, the number of subscribers who used high-speed mobile Internet increased during this period by 32.3%, and the consumption of megabytes per subscriber increased by 23.6%.
To date, 10.3 million people use 4G communication in the Kyivstar network.
LTE technology in the Kyivstar network has been activated at almost 18,000 base stations.
By 2022, the operator plans to cover 90% of the country’s population with 4G.

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STATE-RUN UKRZALIZNYTSIA HAS NO PLAN TO RAISE TICKET PRICES FOR PASSENGERS

JSC Ukrzaliznytsia in 2022 does not plan to raise prices in passenger traffic.
“So far, there are no such decisions. We have indexed very smoothly this year. Not all at once, but in relation to the consumer price index and stretching for the whole year. On the contrary, we plan to stimulate individual services with promotional rates. For example, with tour operators, we are talking about how to support the transportation of large groups by rail by setting discounts on bulk reservations depending on the size of the group,” Oleksandr Pertsovsky, the director of the Passenger Company branch, said in an interview with Interfax-Ukraine.
He also noted that in the medium term, Ukrzaliznytsia plans to initiate a revision of tariff regulation in order to enter a more flexible pricing policy in the passenger segment.
“What I mean: a common practice among transport operators is that the earlier you buy tickets, the cheaper they are, and if at the last minute – the more expensive. to the price. This will allow us to increase the average profitability while still giving the best price to the individual passengers who are most price sensitive. As an option, make a greater distinction between classes. We are also working on the possibility of changing pricing in relation to distances,” he explained.
According to him, all this requires both certain regulatory changes and programmatic changes in terms of restructuring the current IT system of Ukrzaliznytsia.
The director of the Passenger Company branch also noted that in comparison with 2020, in 2021 Ukrzaliznytsia showed good dynamics in terms of covering expenses with income in the segment of passenger transportation.
To further improve the situation, the company is working on the introduction of contracts for socially significant transportation, since for many years the company had “a huge percentage of underfunding” from the local authorities.
“Plus, we are actively working on the issue of control over fares. In the suburbs, for example, we are piloting an IT system that allows you to sell tickets online or through kiosks, both single and subscriber for passengers. We are also reviewing the configuration of the turnstile system to reduce the percentage of free riders,” Pertsovsky said.
He also stressed that the idea of bringing passenger traffic to the level of prime cost is impossible within the framework of the current market model and does not make sense.

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PRESIDENT OF UKRAINE: WE SUCCEED IN INFRASTRUCTURE, DIGITALIZATION, POLITICS

President of Ukraine Volodymyr Zelensky has announced the success of infrastructure development in Ukraine, as well as digitalization, the press service of the president of Ukraine has reported.
“In these two and a half years, we have started the digitization of the state. We are number one in Europe today. And the Servant of the People party was involved in that as well,” the presidential press service quoted Zelensky as saying when speaking in Truskavets on Saturday, where a visiting session of the Servant of the People parliamentary faction was taking place.
Zelensky added that Ukraine is also the first in Europe in terms of road construction now. “Statistically, we build the most per month. Number one in Europe!” the President noted.
The Head of State also noted the liquidation of the State Architectural and Construction Inspectorate.
“So be a little proud of yourself and the difficult path. When we talk about land reform, there are many questions about how slow it is. But I believe that this is a challenge and a victory, on which I want to congratulate you,” the President said.
He noted that there are many challenges in the field of medicine in the country, which was affected by the COVID-19 pandemic. “But today I see a medical team. We have elected a minister, a committee is working, and we are ready for challenges,” Zelensky stressed.
The President also stressed that the Office of the President and the Ministry of Foreign Affairs have done a lot for Ukraine’s international agency, and this is the most important victory this year.
“A lot yet not enough. Why not enough? I will explain. We do not have time to expect that we will be taken to the European Union: ‘let’s wait another five years.’ You know we have a war. I do not want to complain. I think we are powerful. And today our policy is ‘brazen’. And I am convinced that without a strong international policy, without such ‘boldness’ no one will see Ukraine’s steps forward,” he said.
In addition, the presidential press service noted that working groups with the participation of deputies and ministers (eight clusters) on the details of the Plan of Transformation of the country initiated by him in the following areas: military security and international relations; energy independence and “green” transformation, human capital, technological development and market transformations, infrastructure and local development, food hub, digital hub and rule of law.
“These clusters contain goals and KPIs for relevant areas until 2023, projects and reforms to be implemented, and laws to be enacted,” the message reads.

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UKRAINE INCREASES SCRAP METAL EXPORT BY 27 TIMES

Ukrainian enterprises in January-September this year increased exports of ferrous metal scrap by 27 times in monetary terms compared to the same period last year, to $175.59 million from $6.46 million.
According to statistics released by the State Customs Service, in September alone, exports of scrap metal totaled $18.44 million, while in September 2020 it was $1.13 million.
At the same time, in January-August of this year, the country increased imports of scrap metal in monetary terms by 2.05 times, to $31.81 million. In September, imports of scrap was worth $2.87 million.

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MINING ENTERPRISES OF UKRAINE DOUBLE EARNINGS FROM IRON ORE EXPORT

Mining enterprises of Ukraine in January-September of this year, according to recent data, increased exports of iron ore raw materials (iron ore) in monetary terms by 2.04 times compared to the same period last year, to $5.95 billion.
According to preliminary generalized statistics released by the State Customs Service, in monetary terms, iron ore exports in September amounted to $472.96 million, while in September 2020 – $387.3 million.
As reported, in 2020 Ukraine increased iron ore exports by 16% compared to the previous year, to 46.293 million tonnes, while foreign exchange earnings from iron ore exports increased by 24.7%, to $4.239 billion.

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MALTA AND UKRAINE LIFT RESTRICTIONS ON FLIGHTS

The Ministry of Infrastructure of Ukraine and the Ministry of Transport of the Republic of Malta have agreed on the mutual lifting of restrictions on regular air traffic between the two states.
The agreement, in particular, provides for the removal of restrictions on: the number of designated airlines, points of departure/destination in the territories of both countries, the number of flights with regular air traffic, the Ministry of Infrastructure reported on Facebook.
The new agreement is expected to increase the number of flights between the countries, as well as positively affect the cost of air tickets.
The ministry also recalled that in October Ukraine and the EU are planning to sign the agreement on Common Aviation Area (ECAA). Thanks to this, Ukraine will fully enter the common airspace of the EU, and the practical result of the agreement will be to expand the geography of flights and reduce the cost of tickets.
Earlier, executive director of the Irish airline Ryanair Michael O’Leary said that the company is planning an aggressive expansion in Ukraine after joining the EU Open Skies Agreement. According to him, Ryanair expects to operate flights from 12 airports in the country, which are already technically ready.

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