Business news from Ukraine

Business news from Ukraine

“Kyivstar” restores mobile internet in Kyiv and Kharkiv subways

As of 10:00 a.m. on December 19, Kyivstar, Ukraine’s largest telecom operator, restored high-speed mobile internet in the Kyiv subway, and earlier mobile internet was restored in the Kharkiv subway, the company’s press service said on Tuesday.

“The My Kyivstar information system has been restored, where subscribers can view their account balances. Kyivstar’s telecom network has almost entered the stabilization period,” the statement said.

On the territory controlled by Ukraine, 99% of the base stations are in working order, and all basic services are available to customers: communication and mobile Internet services, SMS, international voice roaming services, etc., the mobile operator’s press service said.

In addition, Kyivstar stores have restored most services.

It is noted that Kyivstar continues to improve the Home Internet service in Kyiv and a number of other places, and also plans to gradually remove restrictions on mobile Internet speeds in the near future.

“Kyivstar specialists are working on the launch of high-speed mobile Internet in roaming and plan to launch this service for Ukrainian subscribers in Germany, the Czech Republic, Poland and a number of other countries in the near future,” the company said in a statement.

To stabilize the services, the company has engaged all available technical staff, as well as international partners from Sweden, Ireland, the United States, China, Finland and other countries, the press service said.

Earlier it was reported that Kyivstar expects to achieve full stabilization in the provision of services by the end of the week.

After a failure in the early morning hours of December 12 caused by a large-scale cyberattack, Kyivstar began restoring voice services in the evening of December 13, the company’s mobile Internet service started working again in some regions a day later, and the company announced its full restoration in the country on the evening of December 15.

On December 17, Kivestar resumed providing voice services, including roaming, mobile data, Home Internet, virtual private network (VPN) services and started restoring access to M2M (Machine-to-Machine) services for business customers. Kyivstar restored access to SMS services, including international roaming, and M2M services on 18 December.

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Harvest volumes of grains and pulses, mln tons

Harvest volumes of grains and pulses, mln tons

Source: Open4Business.com.ua and experts.news

Recorded Future to allocate over $23 mln for Ukraine’s cybersecurity in 2024

Recorded Future, the world’s largest private intelligence and analytical company, will continue to support Ukraine in 2024 by allocating more than $23 million for Ukraine’s cybersecurity, Deputy Prime Minister for Innovation, Education, Science and Technology Development and Minister of Digital Transformation Mykhailo Fedorov said on Monday.

“Recorded Future tools help detect and eliminate cyberattacks at an early stage. These tools are used by the Ministry of Digital Transformation, the State Special Communications Service, the GUR, the SBU, the Ministry of Defense, the Prosecutor General’s Office and the Cyber Police,” Fedorov wrote on his Telegram channel.

According to him, the company also works with key enterprises in the energy and telecom sectors.

As reported, Recorded Future provided intelligence to protect Ukraine’s critical infrastructure, assisted in the investigation of Russian war crimes, and opened access to the Intelligence Cloud software platform.

In total, in 2023, the company invested more than $20 million in assistance to Ukraine.

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Ukrzaliznytsia will launch analog of City Express in Dnipro

Starting December 20, Ukrzaliznytsia JSC (UZ) will launch an analog of Kyiv City Express in Dnipro. Dnipro City Express will connect the city with the suburbs and satellite cities, the company’s press service reports.

“Ukrzaliznytsia is launching a new urban mobility project in another region. The Dnipro City Express system will be launched in Dnipro on December 20 this year,” the statement said.

It is noted that at the first stage, Dnipro City Express will run on the Dnipro-Kamianske route and will stop at Horyainove, Diivka, Sukhachivka, and Zaporizhzhia-Kamianske stations.

Trains will depart from Dnipro at 5:14 (except weekends), 6:20, 10:00, 11:30 (except weekends), 15:40, 17:10 (except weekends), 19:10. Trains will depart back from Kamianske at 6:14 (except weekends), 9:00, 11:26, 12:42 (except weekends), 16:41, 19:12 (except weekends), 20:14.

The travel time in both directions from the initial to the final station will be approximately 40 minutes, and the cost will be from 12 to 18 UAH.

UZ reported that the updated and modern rolling stock will be used for trips on the route: electric trains of the EPL2T series, restored at the facilities of Ukrzaliznytsia, will run on the route.

The trains will be equipped with ramps, seats for people with disabilities and inclusive restrooms, Braille navigation, bicycle racks, and Type-C and USB ports for charging gadgets.

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Dynamics of reserves of Ukraine from 2012 to 2023

Dynamics of reserves of Ukraine from 2012 to 2023

Source: Open4Business.com.ua and experts.news

State Tax Service of Ukraine fines PornHub

The State Tax Service has fined the adult website PornHub $5.54 thousand for non-payment of the so-called “Google tax,” according to Danylo Hetmantsev, chairman of the parliamentary committee on finance, tax and customs policy.

“Unfortunately, not all taxpayers operating adult services are equally responsible for taxation. For example, the well-known Onlyfans service has already paid $944.1 thousand to the state budget of Ukraine since the beginning of 2023. At the same time, the company that operates the PornHub website evades registration, which resulted in a fine of $5543 and a corresponding tax notice (tax decision notice) sent to the company and the Canada Revenue Agency,” Hetmantsev wrote on Telegram.

He reminded that Ukraine is ranked 14th among other countries according to PornHub’s rating of electronic services viewed by consumers of the site.

A week earlier, the head of the committee said that in the third quarter of 2023, 96 declarations for EUR26.6 million and $29.9 million, or UAH 2.092 billion, were filed as part of the “Google tax”, while in the second quarter of 2023, EUR25.7 million and $27.7 million, or UAH 2.054 billion, were declared for payment.

Hetmantsev clarified that the largest amounts to the budget of Ukraine are paid by Google, Apple, Sony, Ebay, Amazon, Meta platforms and Netflix.

As reported, in 2021, the Verkhovna Rada passed a law on the “Google tax”, which proposes to equalize the taxation rules for international technology companies with those of Ukraine. In particular, it stipulates that international companies operating in the information space of Ukraine and earning money from online advertising will pay taxes in Ukraine, including VAT.

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