Business news from Ukraine

CREDIT AGRICOLE BANK DECIDES TO PAY DIVIDENDS IN UKRAINE

Credit Agricole Bank (Kyiv) has decided to pay UAH 428.025 million of dividends ($16.36 under the exchange rate of the National Bank of Ukraine (NBU) as of the date when the decision was made), including UAH 700 for privileged shares.
The bank reported in the information disclosure system of the National Commission for Securities and the Stock Market, the decision was approved at a general meeting of the bank’s shareholders held on June 7.
UAH 0.35 will be paid per ordinary and privileged share.
The list of holders of privileged shares was made on January 31, 2018 and that for ordinary shareholders the list will be approved on June 22, 2018.
Payment of dividends for privileged shares started on June 8 and for ordinary shares it will start on June 23, 2018, but no earlier than the full payment to the holders of privileged shares.
Credit Agricole Bank was founded in 1993. Credit Agricole S.A. on January 1, 2018 owned a 99.9961% stake in PJSC Credit Agricole Bank.

,

CONSUMER CONFIDENCE OF UKRAINIANS IMPROVING – STUDY

The consumer confidence index of Ukrainians after a two-month positive trend in May this year improved by another 1.5 points, to 62.9 compared with the April indicator, while in annual terms it grew by 4.9 points, according to monthly research by GfK Ukraine. Ukrainians were optimistic about unemployment – the corresponding index sank by 5.3 points compared to April 2018, to 125.5, according to the study.
Positive dynamics was also shown by the index of propensity to consume: this indicator grew by 3.7 points from the previous month, to 69.8, GfK Ukraine said.
“This index received the most positive dynamics in the following groups: lower than average income, in the cities with the population of more than 100,000 people and in the group of elderly people. This result might be associated with the end of the heating season and releasing funds in these groups,” the report on the website of the group reads.
The third month in a row, Ukrainians remain optimistic about economic growth. The index of expectations of the country’s economic development over the next five years increased most of all, by 2.7 points, to 70.1, while the index of expected changes in personal financial standing showed an increase of 1.7 points, to 61.2. In general, the index of economic expectations in May rose by 1.6 points, to 64.6, although Ukrainians remain neutral as for the growth of the country’s economy in the coming year – this index rose by 0.5 points, to 62.5.
The index of current personal financial standing rose by 1.4 points, to 60.3, although Ukrainians were neutral in relation to this indicator – the figure grew by 0.8 points, to 50.9.

UKRAINE PLANS TO ENLARGE NUMBER OF VISA CENTERS ABROAD

New Ukrainian visa centers, which will provide services to foreigners in receiving visa applications to enter Ukraine, will start working in different countries of the world from June 15 to August 1 of this year, the Consular Service Department of the Ukrainian Foreign Ministry has said. “Information on the opening dates of each of the centers will be posted on the web pages of the relevant Ukrainian embassies and consular offices,” reads a statement posted on the Facebook page of the Foreign Ministry on Thursday.
As a result, the number of Ukrainian visa centers abroad should be 56: in the cities of Algiers (Algeria), Luanda (Angola), Dhaka (Bangladesh), Hanoi, Ho Chi Minh City (Vietnam), Accra (Ghana), Addis Ababa (Ethiopia), Cairo (Egypt), Harare (Zimbabwe), Bengaluru, Delhi, Calcutta, Mumbai, Chennai (India), Jakarta (Indonesia), Baghdad, Irbil (Iraq), Tehran (Iran), Amman (Jordan), Yaounde (Cameroon), Nairobi Kenya), Peking, Guangzhou, Shanghai (China), Kuwait (Kuwait), Kinshasa (DR Congo), Abidjan (Cote d’Ivoire), Beirut (Lebanon), Kuala Lumpur (Malaysia), Rabat (Morocco), Abuja (Niger Abu Dhabi, Dubai (UAE), Islamabad, Karachi, Lahore (Pakistan), Cape Town, Pretoria (South Africa), Ekaterinburg, Kazan, Kaliningrad, Moscow, Novosibirsk, Rostov-on-Don, Samara, St. Petersburg (Russia), Riyadh, Jeddah (Saudi Arabia), Dakar (Senegal), Tunis (Tunisia), Ankara, Istanbul, Izmir (Turkey), Kampala (Uganda), Manila (Philippines) and Colombo (Sri Lanka).
“Foreigners residing in the countries where the centers are located will be able to submit documents for the processing of Ukrainian visas in a convenient format and, if desired, receive a number of additional services (photocopying, translating and copying documents, medical insurance policies, courier services, SMS information, services in the halls of increased comfort, etc.). The centers are responsible for the technical support of the visa dossiers and the provision of assistance to the applicants,” the ministry said.
The Foreign Ministry’s Consular Service Department said implementation of this project was made possible through cooperation between the Ukrainian Foreign Ministry and VF Worldwide Holdings Ltd.

,

UKRAINE AN IMPORTANT INVESTMENT AREA FOR EBRD, BANK ONE OF THE LARGEST INVESTORS IN UKRAINIAN ECONOMY

First Vice President of the European Bank for Reconstruction and Development (EBRD) Jurgen Rigterink believes that Ukraine is an important area of investment for the EBRD and a powerful platform for the implementation of major projects. “I’ve been EBRD first vice president for just nine weeks, and the fact that I am currently on a visit to Ukraine speaks about the importance of your country in our project portfolio. For us, Ukraine is not only an investment area, but also an important platform for cooperation in a number of projects that we are implementing jointly with other international partners,” Rigterink said at a meeting with Ukrainian Prime Minister Volodymyr Groysman in Kyiv on Thursday.
Groysman, in turn, noted that cooperation between Ukraine and the EBRD has the potential for growth.
“The bank is one of the largest investors in the Ukrainian economy, and now we are talking about strengthening cooperation and increasing its effectiveness,” he said.
Rigterink also recalled that the EBRD is now processing a five-year work plan in Ukraine, which includes, among other things, increased funding and in-depth cooperation in specific areas – primarily the work of government banks and the development of the energy sector.
According to Groysman, the Ukrainian government is interested in further cooperation with the EBRD on modernization of the gas transit system, as well as in raising funds to increase natural gas production and develop green energy.
“We are now at the point where the economy will grow and investments will increase. I feel it and I see it. This is the scenario I’m programmed to. The situation as a whole is getting stabilized, and this is a very good signal. Even despite the fact that we are entering the electoral period, the government is ready to ensure a forward movement,” he said.

, , ,

UKRAINIAN GOVERNMENT PLANS TO INSPECT TELECOM BUSINESS

The Cabinet of Ministers of Ukraine plans to permit the National Commission for Communications and Informatization Regulation (NCCR) to inspect the telecommunications market, after placing the commission to the list of public supervision agencies to which the moratorium on inspections of business extended for 2018 does not apply. This is outlined in a draft government resolution on the approval of the action plan aimed at improving the quality of mobile communications services approved by the commission and posted on the official website of the commission.
The action plans also envisages the approval of the reviewed quality indicators and their limits for voice calls, SMS messages and Internet access in mobile communications networks.
It is proposed that the list of quality indicators is expanded with the following ones: average data upload and download speed, delays between the upload and download packages, package delay variations and the loss of packages without limits, as well as the response time of the operator call center’s specialists with setting the limits.
It is planned to take into account the impossibility of restoring telecom services in one day period if any emergency, accident or damage caused to linear and fixed facilities occurs if the fact of an emergency is recorded in law enforcement agencies in line with the Ukrainian legislation.
The operators would have a possibility of providing general telecom services using fixed end user equipment with the front-end.
As reported, the moratorium on inspections of business in Ukraine was extended until 2019. The Cabinet of Ministers of Ukraine placed 13 public agencies to the list of the agencies to which the moratorium does not apply.

,

CATTLE NUMBERS AND PIGS IN UKRAINE DOWN, POULTRY UP

Cattle numbers in Ukraine as of June 1, 2018 amounted to almost 3.97 million animals, which is 4.6% less compared to early June 2017, the State Statistics Service has reported. According to the report, the number of cows shrank by 3.7% over the period, to 2.04 million. The number of pigs decreased by 5.7% in May 2018, to 6.37 million, sheep and goats – by 4.1%, to 1.64 million animals.
The number of poultry grew by 1.7% compared with early June 2017, to 223.81 million birds.
As reported, with reference to statistical data, cattle numbers in Ukraine (excluding the temporarily occupied territory of Crimea and Sevastopol and the ATO zone) in 2017 amounted to 3.682 million animals, which is 1.5% less compared to 2016. Pig numbers fell by 8.2%, to 6.12 million, sheep and goats grew by 0.1%, to 1.316 million and poultry – by 1.7%, to 205.103 million.
The number of pigs fell by 5.8%, to 6.669 million, poultry by 1.1%, to 201.7 million birds, and sheep and goats by 0.8%, to 1.315 million.

, ,