Business news from Ukraine

UKRAINIAN MEDIA INTERNET ADVERTISING MARKET EXPANDS BY 40% IN 2018

The Ukrainian media Internet advertising market expands by 39.9% in 2018, to UAH 3.511 billion, the Ukrainian Internet Association (UIA) has said.
The share of direct sales on this market over the period came to 56%. The segments of media Internet advertising are the following: banner advertising with 37% of the market share (a decline by 12.6 percentage points (p.p.) on 2017), in-stream video (pre-roll, mid-roll, post-roll, pause-roll, overlay-advertisement, picture-in-pause) was – 42% (growth of 15.8 p.p.), in-page video advertising (content-roll) – 9% (a rise by 6.8 p.p.), other non-standard solutions (pop-up and pop-up pop-ups, catfish and screen-glide formats, synchronous banners, frontlines, full-screen advertising, sound advertisement in a digital audio stream and other types) – 7% (a decline by 5 p.p.) and sponsorship – 5% (a fall by 4.8 p.p.).
The share of mobile media Internet advertising (targeted at mobile device users) of the total turnover of media Internet advertising was the following: 30% for banner advertising (a rise by 16 p.p.), 29% for in-stream video (a rise by 18 p.p.), 14% for in-page video (content-roll, a rise by 8.5 p.p.), 14% – for non-standard solutions (growth by 10.5 p.p.) and 13% for sponsorship (a rise by 12 p.p.).
The share of Programmatic (automated advertising) was 25.91% for purchases by agencies and 50.35% for platforms.
The share of social media and instant messengers (FB, Instagram, Twitter, YouTube, Skype, Viber and other applications) was also determined in advertising – 34.45% (a rise by 8 p.p.).
The methodology for measuring the volume of media Internet advertising was based on a cross-sectional analysis of survey data from the largest advertising agencies, websites and sales houses.
“The survey involved leading online advertising agencies: Dentsu Aegis Network Ukraine, razom communications, Sigma, ITCG, Havas Digital, Publicis One, TMGU, AdWork, DIEVO, MediaHead, Netpeak, newage, and representatives of the largest sites, holdings and sales-houses: Autocentre, Edipress, Lux (24 channel), RBC, RIA, Ukr.net, UMH, Go2Net, FISH, Adpartner, Rontar, Online.ua, Novoye Vremia, RST and Obozrevatel,” the association said.

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83,081 UKRAINIAN CITIZENS RECEIVED RUSSIAN CITIZENSHIP IN PREVIOUS YEAR

In 2018, the Russian Federation granted citizenship to 83,081 citizens of Ukraine, according to statistics on the migration situation of the Ministry of Internal Affairs of the Russian Federation. In particular, 83,081 Ukrainians received Russian citizenship (accepted, restored, recognized) in January-December. Also during this period, a decision was made to issue 64,861 residence permits for Ukrainians (currently, 170,638 Ukrainians live by residence permits in Russia).
In addition, in 2018, citizens of Ukraine received 77,075 permits for temporary residence (160,706 Ukrainians currently live under such permits in the Russian Federation).
As reported, 85,119 Ukrainians received Russian citizenship in 2017.

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NORWAY’S SCATEC SOLAR TO START BUILDING 50MW SOLAR POWER PLANT IN UKRAINE IN MARCH

Atlas Capital Energy LLC, belonged to Norway’s Scatec Solar, in March 2019 will start building a solar power plant with a capacity of 50 MW in Hola Prystan district of Kherson region. This information was presented at a meeting of Head of Kherson Regional Administration Andriy Hordeyev with top managers of Atlas Capital Energy LLC on Wednesday, the press service of the administration reported. Currently, according to the regional administration, five wind farms and 31 solar power plants with a capacity of 294 MW are located in Kherson region. The volume of attracted investments in these facilities is UAH 1 billion.
As reported, in January 2019, Scatec Solar said that its investment in the construction of a solar power plant with a capacity of 150 MW in Mykolaiv region will amount to EUR180 million. In July 2018, the company signed an agreement with Rengy Development (Kyiv) on the joint construction of a solar power plant in Mykolaiv region with a capacity of 47 MW for EUR 52 million.
At the beginning of 2019, Scatec Solar also commenced construction of a Kamianka solar power plant in Cherkasy region with a capacity of 30 MW. The cost of the project, which is scheduled for completion in the fourth quarter of this year, is EUR 35 million.
The European Bank for Reconstruction and Development (EBRD) finances these projects – traditionally it provided for financing of 70% of the project cost.

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AXA GROUP (FRANCE) COMPLETES DEAL TO SELL SUBSIDIARIES IN UKRAINE

AXA Group (France) has successfully completed the deal with Fairfax Financial Holdings Limited (Fairfax, Canada) to sell its subsidiaries in Ukraine – private joint-stock company AXA Insurance and AXA Life Insurance double liability company (both based in Kyiv), AXA has said in a press release. As reported, The National Commission for Financial Service Markets Regulation in resolution issued on January 10, 2019 approved the indirect holding of 99.98% shares in private joint-stock company AXA Insurance and 100% of double liability company AXA Life Insurance. The commission also allowed FFHL Group Ltd. (Canada) to directly hold 99.9989% shares in AXA Life Insurance.
Earlier the Antimonopoly Committee of Ukraine permitted FFHL Group Ltd. to complete the deal.
AXA Group (France) on October 23, 2018 announced the sale of 100% of AXA Insurance and AXA Life Insurance to Fairfax Financial Holdings Limited.
Fairfax, headquartered in Toronto (Canada), is a financial services holding company that through a network of its own companies provides investment management, property and liability insurance, and reinsurance. In February 2015, Fairfax announced the purchase of 100% in QBE Ukraine insurance company, later renaming the company as Colonnade Ukraine.
AXA Insurance has been operating on the Ukrainian market since 2007. AXA Life Insurance was registered in July 2013.

UKRAINIAN DTEK BUILDS LARGEST SOLAR POWER PLANT IN EUROPE

Solar-Farm 1 LLC in the middle of January 2019 launched the largest solar power plant in Ukraine with a capacity of 246 MW in Nikopol district of Dnipropetrovsk region. The National Commission for Energy, Housing and Utilities Services Regulation (NCER) on February 15, 2019 approved the draft resolution on setting the feed-in tariff for Nikopol solar power plant in the amount of EUR 15.03 per MW until 2030.
It is planned that Nikopol solar power plant will generate up to 290 million kWh of electricity a year. This is the largest solar power plant in Ukraine and Europe.
Solar-Farm 1 LLC belongs to DTEK Renewables B.V., operating the assets of DTEK Group in the sphere of renewable energy. As reported, the contractor of the plant is China Machinery Engineering Corporation (CMEC). Trina Solar Limited delivered solar cell arrays for the plant.
In March, the plant will be connected to the power grid. The plant will be able to fully meet the needs of 100,000 households in Ukraine and reduce carbon dioxide emissions by more than 300,000 tonnes per year.
To ensure the connection of the solar power plant in Nikopol (Solar-1 LLC), national energy company Ukrenergo plans to reconstruct the open-type 150 kV switchgear of 330 kV Nikopol substation, with an expected tender price of up to UAH 20.833 million.
In 2017, DTEK launched its first Tryfonivka solar power plant with a capacity of 10 MW in Kherson region. DTEK was established in 2005 to manage the energy assets of Rinat Akhmetov’s System Capital Management Group (SCM, Donetsk). The corporation performs functions of strategic management of the group’s enterprises, which constitute a vertically integrated chain of coal production and washing, production and sale of electricity.

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SHOW FOR VALENTINE`S DAY WILL BE ORGANIZED NEAR KYIV

On February, 16-17 Ancient Kyiv in the «Kyivan Rus Park» has prepared a bright romantic program which vill be interesting both for those who are in love and for families with children.
The real romanticism of the Middle Ages with riding purebred horses, ancient Slavic amusements, live vocals, horse-trick and pedestrian theatre`s performances and delicious medieval dishes and drinks will be waiting for the guests.
Ancient Kyiv opens at 10:00. The program starts at 13:00.
The ticket price: a full adult ticket – 150 UAH, for pensioners and students – 100 UAH, for schoolchildren – 50 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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