Business news from Ukraine

Business news from Ukraine

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 26/12/19

National bank of Ukraine’s official rates as of 26/12/19

Source: National Bank of Ukraine

BOLT TAXI SERVICE LAUNCHES PETS ANIMAL TRANSPORTATION SERVICE

Bolt taxi service (formerly Taxify) launches a new service for animal transportation.
According to the press service, to order the service, you need to select the category of trip Pets in the Bolt application.
Bolt notes that during transportation of the animal in order to avoid pollution of the passenger compartment, special means must be used: bedding for the animal, a cage, a pet carrier and wet wipes.
A prerequisite for the transportation of large dogs is the availability of a muzzle and a short leash. Small animals can be transported on hand, but this issue should preferably be agreed with the driver.
“Practice shows that animal transportation is very popular in different countries. Over the years of work in Ukraine, we also had many requests, so we are happy to launch the new Pets service,” Taras Potichny, the regional manager of Bolt in Ukraine, said.
As reported, Bolt is launching an electric scooter rental service in Ukraine, until the spring of 2020 the service will be available in a test mode in the Unit.City innovative park.
For the first time, Taxify was launched in Kyiv in 2016 under a franchising agreement. In June 2018, the company restarted the project in the capital with its own local team, promising to enter other major cities of the country.
In early March 2019, Taxify rebranded, changing its name to Bolt.

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GRAIN TRADER NIBULON INCREASES CROP YIELD BY 9%

Nibulon (Mykolaiv), one of the largest grain traders in Ukraine, in 2019 increased its crop yield by 9% compared to the previous year, to 367,000 tonnes, of which 138,000 tonnes was wheat. According to the company’s website, a total of 22 divisions of the company in 12 regions harvested 160,000 tonnes of early crops and 207,000 tonnes of later crops.
The company said the highest yield of sunflower was recorded at the branches of Prybuzhanivska (Mykolaiv region) with 3.52 tonnes/ha, Mriya (Khmelnytsky region) and Kupianska (Kharkiv region) with 2.91 tonnes/ha, corn at Khmilnyk (Vinnytsia region) with 10.64 tonnes/ha and Romanivska (Zhytomyr region) with 9.7 tonnes/ha, sorghum at Bilovodska (Luhansk region) with 6.43 tonnes/ha. In the group of early grain, the leaders were the branches of Mykolaiv region: wheat with 5.38 tonnes/ha (Vradiyevska) and rapeseeds with 3.02 tonnes/ha (Lidiyevske).
Nibulon LLC was established in 1991. It is one of the largest operators in the grain market of Ukraine.
Nibulon cultivates 82,000 hectares of land in 12 regions of Ukraine. It exports agricultural products to more than 70 countries. The annual export volume exceeds 5 million tonnes.

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FOUNDER OF UFUTURE REFUTES INFORMATION ABOUT INVESTMENT ACTIVITY IN CRIMEA

The founder of UFuture, Vasyl Khmelnytsky, refutes his involvement in managing and investing in Crimean assets after the annexation of the peninsula, the group said in a statement. “We refute information about the alleged involvement of Vasyl Khmelnytsky in managing and investing in Crimean assets after the annexation of the peninsula by Russia … After Russia had annexed the Crimean peninsula in 2014, Vasyl Khmelnytsky did not invest in the development of business and/or infrastructure in the temporarily occupied territory, and did not manage the assets, which partially belonged to him at that time,” the company said.
Commenting on a publication entitled “Simferopol’s developer, IT leader in Kyiv. Ukrainian businessman Vasyl Khmelnytsky and his assets in Crimea” by the Current Time edition and the Municipal Scanner project, UFuture emphasized that the information in the article was untrue.
“We were not ready to simply give our liquid assets to third parties. The negotiation and sale process took a considerable time due to understandable risks. In 2018, we sold all the corporate rights of our European companies, which, in turn, owned corporate rights or provided significant impact on the assets located in the temporarily occupied territory of Ukraine, in Crimea. We did not make any investments that would violate the sanctions regime or the current legislation of Ukraine,” Khmelnytsky said.
The businessman added that the facilities in question are very large in terms of investment, and their sale was associated with significant risks.
“It is not easy to find buyers for such facilities, and the sale process itself took a long time. But the decision to sell the assets was made immediately after the annexation of Crimea,” he said.
UFuture is a holding company of Ukrainian businessman Vasyl Khmelnytsky, which combines his business and social projects. It has a diversified portfolio of assets in real estate, infrastructure, industry, renewable energy, pharmaceuticals, and IT. The value of UFuture’s assets is estimated at $550 million. The total capitalization of the businesses in which it invested exceeds $1 billion.

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THREE LEADING MOBILE COMMUNICATION OPERATORS TO SPEND $20 MLN ON 4G NETWORK IN KIEV’S SUBWAY

The cost of the launch of 4G mobile communication in Kyiv’s subway by three leading mobile communication operators Kyivstar, Vodafone Ukraine and lifecell is estimated at $20 million, Kyivstar President Alexander Komarov has said. “In the first quarter of 2020, we will launch the first stations if everything moves as it is now,” he told reporters at a briefing in Kyiv.
Kyivstar Chief Marketing Officer Pavel Daniman said that the project is equally funded by all three operators.
Komarov has connected great progress in the implementation of this project recently with the appointment of Maksym Bakhmatov as adviser to Kyiv Mayor Vitali Klitschko.
According to the president of Kyivstar, access to the municipal infrastructure remains a ‘narrow neck:’ for the project to start on schedule, the Kyiv Council still needs to approve telecom access tariffs.
Daniman said that the implementation of 2G and 4G communications will be carried out from the outer stations, as this is due to technology, and covering all stations will require some time due to the ability to work only a few hours at night.

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VOLUME OF CONSTRUCTION WORK IN UKRAINE IN NOV 2019 INCREASES BY 19%

The volume of construction work in Ukraine in November 2019 increased by 18.9% compared to November 2018, while in October 2019 compared to October 2018 this figure rose by 14.9%. According to the State Statistics Service, the volume of construction work in November increased by 3.9% compared to the previous month (according to seasonally adjusted data, it fell by 1.1%), while compared to September 2019 this figure decreased by 6.7%.
According to the State Statistics Service, in November 2019 from November 2018 the volume of work decreased in residential construction, and increased in non-residential and engineering construction. According to uncorrected data, the growth in non-residential construction amounted to 22.8%, engineering some 24.1%. The decrease in the volume of work in residential construction amounted to 7.5%.
In addition, in November the volume of construction work in construction of residential buildings compared to October decreased by 12.8%, while in the non-residential construction increased by 7.4%, and in construction of engineering structures by 7.1%.
In January-November 2019 compared with January-November 2018, a drop in the volume of construction work was recorded in three regions of Ukraine, in particular, in Ivano-Frankivsk (by 1%, to UAH 2.763 billion), Cherkasy (5.6%, to UAH 1.655 billion), and Zaporizhia (5.2%, to UAH 3.245 billion).
The largest growth in the volume of construction work over the 11 months was recorded in Vinnytsia (two times, to UAH 9.189 billion), Chernihiv (1.5 times, to UAH 1.589 billion), and Kherson (1.4 times, to UAH 1.566 billion) regions.
In Kyiv, the volume of construction work for the 11 months grew by 26.5% and amounted to UAH 35.55 billion.
The data are given excluding the occupied territory of Crimea and the temporarily occupied territories in Donetsk and Luhansk regions.

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